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Forum » Inflation at 5% - lowest in almost 2 years
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Thread: Inflation at 5% - lowest in almost 2 years

post 1680650643 04-12-2023, 07:26 AM
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Inflation at 5% - lowest in almost 2 years

https://nypost.com/2023/04/12/inflat...t-policy-move/
post 1680650903 04-12-2023, 07:33 AM
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Let's hope it keeps going down
6'3 Krew
post 1680651033 04-12-2023, 07:36 AM
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Thanks Joe!

You've got our country on the right path. It's especially impressive considering the disaster Trump left before he skulked out of the WH, not even going to the inauguration...SAD
Early AM workout crew.
Holy crap dude, Satan's huge crew.
post 1680651893 04-12-2023, 08:02 AM
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Originally Posted By SillieBazzillie⏩
Thanks Joe!

You've got our country on the right path. It's especially impressive considering the disaster Trump left before he skulked out of the WH, not even going to the inauguration...SAD
Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Orange man bad Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump Trump
post 1680651983 04-12-2023, 08:05 AM
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When do prices go back to Trump era prices?
post 1680652023 04-12-2023, 08:07 AM
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Originally Posted By JeepBruh⏩
When do prices go back to Trump era prices?
Getting there boyo. Trump adding $8T to the debt in just 4 painful years will take time to correct. But we're getting there.
Early AM workout crew.
Holy crap dude, Satan's huge crew.
post 1680652193 04-12-2023, 08:10 AM
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Originally Posted By SillieBazzillie⏩
Getting there boyo.
It doesn't seem like it.

Stock Market has been looking pretty decent...for now at least.
post 1680652233 04-12-2023, 08:12 AM
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Originally Posted By Polaris⏩
It doesn't seem like it.
From 9.2% in June to 5.0% in March doesn't seem like we're trending steadily down? I'm no maths expert but that certainly seems like a solid trend to me.
Early AM workout crew.
Holy crap dude, Satan's huge crew.
post 1680652403 04-12-2023, 08:16 AM
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Originally Posted By SillieBazzillie⏩
Getting there boyo. Trump adding $8T to the debt in just 4 painful years will take time to correct. But we're getting there.
No. I am talking about when prices for things like groceries go back to Trump era prices.
post 1680652453 04-12-2023, 08:18 AM
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#10
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Originally Posted By JeepBruh⏩
No. I am talking about when prices for things like groceries go back to Trump era prices.
That'd be deflation and that would be bad. Do you want your salary to go back to Trump era levels too?
Early AM workout crew.
Holy crap dude, Satan's huge crew.
post 1680652713 04-12-2023, 08:27 AM
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Originally Posted By SillieBazzillie⏩
That'd be deflation and that would be bad. Do you want your salary to go back to Trump era levels too?
I actually do want deflation so that prices return to what they were under Trump. Real wages have declined for 24 straight months.
post 1680652943 04-12-2023, 08:32 AM
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Originally Posted By JeepBruh⏩
I actually do want deflation so that prices return to what they were under Trump. Real wages have declined for 24 straight months.
Well that ain't happening friend. Luckily wage growth hasn't trailed inflation by much but yes, real wages have been down for 24 months, agreed. The best we can hope for is lower increase in prices moving forward.
Early AM workout crew.
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post 1680653243 04-12-2023, 08:36 AM
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Originally Posted By SillieBazzillie⏩
Well that ain't happening friend. Luckily wage growth hasn't trailed inflation by much but yes, real wages have been down for 24 months, agreed. The best we can hope for is lower increase in prices moving forward.
I'm confused because when I asked when prices were getting back to Trump era prices you just said...
Originally Posted By SillieBazzillie⏩
Getting there boyo. Trump adding $8T to the debt in just 4 painful years will take time to correct. But we're getting there.
I take it we aren't getting there and all off the prices increases under Biden are permanent?
post 1680653313 04-12-2023, 08:38 AM
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Originally Posted By JeepBruh⏩
I'm confused because when I asked when prices were getting back to Trump era prices you just said...



I take it we aren't getting there and all off the prices increases under Biden are permanent?
My bad, I thought you meant normal inflation not actually lowering prices to pre-covid. Prices increase for most things practically every year so price increase are healthy for an economy. It's the huge inflation we're just coming out of that's the issue.
Early AM workout crew.
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post 1680655503 04-12-2023, 09:15 AM
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Inflation still remains high and needs to go lower, but good to see it is going downward. Looks like the Feds raised interest rates has worked at lower inflation.

Biden has been able to lower gas/oil prices be releasing close to 50% of America's emergency oil supply. That manipulation of oil prices can not continue much longer. And if oil prices head higher then inflation could become worse.



Inflation Still Hot at 5%, But Price Increases Moderate

https://www.newsmax.com/finance/stre...12/id/1115870/
post 1680656983 04-12-2023, 09:36 AM
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Imagine getting this country back on track in two years after the absolute fuking FAILURE of a Trump presidency..

Thank You Based Biden!!

Everyone here should thank Biden too, this thread is as good as any to do it. Let's hear it Trumpers.... THANKS BIDEN!!
post 1680657883 04-12-2023, 09:49 AM
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Btc to 40k this year and 150k+ in 2025
Misc Crypto Crew
BTC to $200k
post 1680657973 04-12-2023, 09:50 AM
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Originally Posted By isingmodel⏩
Btc to 40k this year and 150k+ in 2025
post 1680658533 04-12-2023, 09:59 AM
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Originally Posted By SillieBazzillie⏩
Well that ain't happening friend. Luckily wage growth hasn't trailed inflation by much but yes, real wages have been down for 24 months, agreed. The best we can hope for is lower increase in prices moving forward.
Like gas prices? Which are going up.

Here Derp.........Russia?
post 1680659563 04-12-2023, 10:12 AM
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Originally Posted By JeepBruh⏩
I'm confused because when I asked when prices were getting back to Trump era prices you just said...



I take it we aren't getting there and all off the prices increases under Biden are permanent?
Prices never "return back" to levels from previous years because central banks aim to avoid deflation at all costs. What will happen is current rate of inflation/CPI print gets back down to their target range and hopefully stays there for a long period.
Misc Crypto Crew
BTC to $200k
post 1680661103 04-12-2023, 10:33 AM
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Originally Posted By JeepBruh⏩
No. I am talking about when prices for things like groceries go back to Trump era prices.
If salaries/wages go up along with inflation (and everyone in my circle has had proportionate increases) then it doesn't matter if the figure on the price tag goes back to either the Trump era or even earlier.
74
post 1680662883 04-12-2023, 10:55 AM
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Originally Posted By SillieBazzillie⏩
Thanks Joe!

You've got our country on the right path. It's especially impressive considering the disaster Trump left before he skulked out of the WH, not even going to the inauguration...SAD
Lol.

Inflation is down because of the Fed, Biden's only action taken to reduce inflation has been to spend more money.

If Biden spends less money in his first 2 years and the fed tightens at the same schedule, inflation is even less than 5% right now, if the Fed tightened in 2021 then these problem never occur.



Inflation Reduction Act of 2022
https://en.wikipedia.org/wiki/Inflat...on_Act_of_2022
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post 1680663423 04-12-2023, 11:05 AM
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Post deleted by user
Original Ruckus
post 1680666483 04-12-2023, 11:52 AM
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Monthly egg price decline is largest in 36 years

https://thehill.com/business/3946235...t-in-36-years/
Egg prices fell 10.9 percent in March after soaring to record levels earlier this year, according to Labor Department data released Wednesday.

It’s the second straight month that the price of eggs has dropped. Eggs are now 36 percent more expensive than they were one year ago, down from 70.1 percent in January, government data shows.
Moving in the right direction
74
post 1680669023 04-12-2023, 12:44 PM
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"Why the drop in March inflation isn’t quite the ‘progress’ touted by Biden"

https://www.washingtonexaminer.com/p...rogress-touted

excerpt:

The drop in headline inflation in March is not quite the good news that it might seem at first glance.

Annual inflation fell from 6% in February to 5% in March, the Bureau of Labor Statistics reported Wednesday morning, the lowest rate since May 2021. President Joe Biden touted the report as showing “continued progress in our fight against inflation” — which is now down from 8.9% in June.

BIDEN CELEBRATES AS INFLATION FALLS TO 5% IN MARCH

But the details of the new report make clear that underlying inflationary pressures are still strong.

Specifically, “core inflation” — that is, inflation with the volatile components of food and energy stripped out — did not fall in March. Instead, it rose a 10th of a percentage point, to 5.6%.....
post 1680669923 04-12-2023, 01:01 PM
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Originally Posted By dabbmw2002⏩
those of us who aren't braindead said that it would be the Fed the curbs inflation, not the IRA.
Well, you could also say Biden helped bring down inflation by destroying the domestic economy enough that the fed can push us into a recession.

The fed can and should raise rates in a strong domestic economy to prepare for inevitable economic weakness.

It is possible for the fed to raise rates while the strength of the underlying economy prevents recession*.



Biden and the fed technically triggered the recession in Q4 2022, the fed could have paused rate hikes already and inflation would still come down with the recession, it just wouldn't occur on their politically motivated time table.



*See the Trump economy from 2017 to 2019, rates went up from the time he entered office, yet it wasn't rate hikes that brought about the 2020 recession.
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post 1680672453 04-12-2023, 01:47 PM
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Originally Posted By PlanoLifter⏩
Monthly egg price decline is largest in 36 years

https://thehill.com/business/3946235...t-in-36-years/



Moving in the right direction
That's a highly unique scenario since most of the price inflation was because of a rampant bird flu. Anyway, good to see the general inflation is down to 5%. Maybe by 2024 it can be down to 3-4% and we have only a mild recession. Because at least one more rate hike is coming from the Fed before they keep things flat. The federal funds rate going back to a historically normal rate is quite a shock to banks, so they've just had the biggest drop in lending in history. In the few instances they are lending it's at an interest rate much higher than times in the past when the federal funds rate was the same. There's a bigger spread. Why? Because the banks expect a lot of defaults, so they're trying to make up for those by having the businesses and individuals who are able to pay a lot more.

In other words, new credit cards, car loans and loans for startup companies are being given at much higher interest rates than they should be because theyknowthe public on average is already over their heads in debt, startups face a bigger uphill battle than pre-Covid, and a lot will be defaulting. Even if inflation comes down to 3% by the end of the year there's a few years of mess ahead of us because so many loans will go bad. Cars and credit cards first, then houses. The banks know this, the CEOs of them and investment firms state as much.

I know that reality is very Debbie Downer, so it's at least good to see inflation is getting better.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1680673123 04-12-2023, 02:01 PM
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"5%"



............. x5
Originally Posted By JeepBruh⏩
When do prices go back to Trump era prices?
jan 20th, 2025
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post 1680688523 04-12-2023, 06:17 PM
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Originally Posted By SillieBazzillie⏩
That'd be deflation and that would be bad. Do you want your salary to go back to Trump era levels too?
Actually yes. I would gladly take 5% decrease in salary for price of everything to go down 25%
post 1680688843 04-12-2023, 06:24 PM
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Originally Posted By isingmodel⏩
Btc to 40k this year and 150k+ in 2025
But you’re still in your 30s living with mommy..
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