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Message
re: Inflation report is in
Posted on 11/10/26 at 10:20 am to 3down10
Posted on 11/10/26 at 10:20 am to 3down10
quote:
Inflation is compounding so that always has an effect, but that's not the reason for the increase we are seeing now.
I said repeatedly this would happen with the BBB and got called a panican for it. Trump has an economic policy of inflation, that's a fact.
Again, no disagreement. In my restaurant world covid is a big player when it comes to parts and inflationary prices. I have to presume other industries are dealt the same hand to one degree or another even 6 years later. Hell, we had a franchise close down because of the covid hole that was dug but current conditions made the light at the end of the tunnel way farther
Posted on 11/10/26 at 10:21 am to jmarto1
quote:There is a fundamental difference between prices remaining elevated because of earlier inflation and the rate of inflation lowering and then accelerating again. Guess which one we're seeing now?
Depends on the sector but certainly isn't wholesale. Covid effects are very much still in play
This post was edited on 11/10/26 at 10:22 am
Posted on 11/10/26 at 10:23 am to Motownsix
quote:
Scott Bessent really got on Fox News to blame immigrants for sneaking diseased cattle across the border for the rising cost of beef.
As a guy with an Ag Business background I would say that is ridiculous.
Posted on 11/10/26 at 10:27 am to 1999
Loading Twitter/X Embed...
If tweet fails to load, click here. Clearly the immediate solution to tame lingering Bidenflation is to open the borders and bring in another 10-15 million immigrants to further crush the wages of street level Americans.
Posted on 11/10/26 at 10:29 am to 1999
quote:
There was a big jump in grocery prices. Eating out, electricity, transportation (esp. airfares), rent and medical services (esp. hospitals) all seeing sizable monthly price increases.
Eating out is usually free in my experience. I fricking love it, too.
Posted on 11/10/26 at 10:30 am to Lsut81
Trump is already blaming Israel for the war to protect are freedoms
Posted on 11/10/26 at 10:30 am to OysterPoBoy
quote:
Who is even doing this anymore?
Everyone.
Posted on 11/10/26 at 10:35 am to Motownsix
quote:
spiking gas prices
By no means blame Ukraine blasting fuel refineries in Russia. Nothing to see here, disperse!
Posted on 11/10/26 at 10:36 am to Bunk Moreland
quote:
Local pizza joint by me just tapped out after about 50 years due to food costs.
yes that happens when you live in the slums skunk and you're poor but proud!
Posted on 11/10/26 at 10:37 am to Bunk Moreland
quote:
Local pizza joint by me just tapped out after about 50 years due to food costs.
Might it have to do with your people not eating pepperoni, sausage, or Italian Sausage?
Posted on 11/10/26 at 10:50 am to JohnnyKilroy
quote:
Real wage growth is negative so far during Trump's 2nd term.
Yeah, they didn't have updated numbers for the second term. So I believe your correction.
Posted on 11/10/26 at 10:59 am to northshorebamaman
He would have killed for it when it was 8%. Peak 9.1% year over year.
Posted on 11/10/26 at 12:03 pm to wackatimesthree
quote:
wackatimesthree
Those inflation numbers are before the scam of hedonic scoring was put in place to make the CPI look "better" than it actually is.
Posted on 11/10/26 at 12:08 pm to 1999
quote:Do you though?
I know
Real GDP accelerated to 3.4% in Q3 2026
It was driven by solid consumer spending and especially strong business investment.
Real final sales to private domestic purchasers (total domestic demand sans volatile and external components) were very strong at nearly 5% up Y2Y.
Travel and leisure companies are up ~10% and recently beat expectations.
.... but transient gas prices!!!!!!
Your citation of negative real wage growth is important, but entirely gas price dependent. Wage growth exceeded CoreCPI (~2.6%) Y2Y.
Posted on 11/10/26 at 12:10 pm to NC_Tigah
The frenzied will not appreciate your numbers.
Posted on 11/10/26 at 12:23 pm to stuntman
quote:Interesting premise.
hedonic scoring was put in place to make the CPI look "better" than it actually is.
Run the w/ & w/o numbers for 2025-26.
The differential is stupid small.
HS undervalues improvements while insinuating compensation. A 42" 720p flat screen TV was $15K 25 yrs ago ($28500 in today's dollars). HS horribly underestimates that deflation.
Posted on 11/10/26 at 12:34 pm to JellyRoll
quote:
quote:
as long as muh stonks are doin well
If you aren't invested in Stonks you aren't doing it right.
Exactly, the young men should be getting a third job and working 18 hours a day to have some stonk funds
Posted on 11/10/26 at 12:40 pm to NC_Tigah
Why is the BLS using HS for clothes?
W/ electronics, I can give it a little more forgiveness, because TVs do a whole lot more now than they did 25 years ago, but still, they came up w/ a way to make it look like prices throughout the economy don't rise as fast as they actually are.
W/ electronics, I can give it a little more forgiveness, because TVs do a whole lot more now than they did 25 years ago, but still, they came up w/ a way to make it look like prices throughout the economy don't rise as fast as they actually are.
Posted on 11/10/26 at 1:01 pm to 1999
quote:
Prices are rising faster than paychecks.
Along with the, across the board, 10% increase in health insurance premiums.
Posted on 11/10/26 at 1:30 pm to evil cockroach
quote:
4%
There will come a day in the not too distant future where we will reminisce about the good old days when we had numbers like this
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