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re: The new talking point the financial shows are pushing is ‘inflation has peaked’

Posted on 7/25/22 at 9:50 am to
Posted by Nathan Hail
Part of a Vast Network
Member since May 2022
652 posts
Posted on 7/25/22 at 9:50 am to
quote:

If the the economy is in a recession, prices usually drop.




it seems a lot of people don't understand how anything works so they just believe what they're told by msm.

Posted by udtiger
Over your left shoulder
Member since Nov 2006
98296 posts
Posted on 7/25/22 at 9:58 am to
quote:

If the the economy is in a recession, prices usually drop.


Not in recession - Yellen
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51416 posts
Posted on 7/25/22 at 10:08 am to
What they're going to do is look at the decrease in the amount of inflation and call that as "inflation is dropping".

With that, even if we were to have topped out on the increases right now (which, according to PPI, we haven't yet) we wouldn't see inflation going below 5% until well into next year.
Posted by Nosevens
Member since Apr 2019
10187 posts
Posted on 7/25/22 at 11:39 am to
Yeah it’s peaked this month, at least till next month and there after
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