Inflation.......... ?
- Thread starter Hobo Hilton
- Start date
Janet Yellen is nothing more than a political puppet. She is attempting to sell the World a mirage. Eventually both "We the people" and the rest of the world will run out of money chasing her mirage.
“You see all these high-level headline numbers, and those numbers don’t jibe with your economic reality,” Elizabeth Crofoot, senior economist at labor analytics firm Lightcast, recently told CNBC’s Jeff Cox. “I don’t know if there’s a right or wrong, it’s just people’s reality.
www.cnbc.com
“You see all these high-level headline numbers, and those numbers don’t jibe with your economic reality,” Elizabeth Crofoot, senior economist at labor analytics firm Lightcast, recently told CNBC’s Jeff Cox. “I don’t know if there’s a right or wrong, it’s just people’s reality.
Yellen says high food and rent prices key factors in voters' negative economic outlook
As overall inflation rates have come down over the past year, food and rent prices have consistently risen higher than other costs.
Tight supply kept pressure under prices. The median price of an existing home sold in October was $391,800, an increase of 3.4% from a year ago ($378,800). Prices rose in all regions of the country. These annual price increases have been getting larger for four straight months. Roughly 28% of homes sold above list price.
www.cnbc.com
Home sales fell to a 13-year low in October as prices rose
Sales of previously owned homes fell to a 13-year low in October, due to high prices, swollen mortgage rates and a low supply of homes for sale.
Food insecurity on the rise as cost of living pinches wallets
Food insecurity continues to rise because the cost of living increases squeeze millions of Americans, forcing them to make hard decisions on where to allocate their funds.
www.foxbusiness.com
Even if the deficit were to vanish overnight, the interest expense would still increase because the Treasury doesn’t really pay off debt when it comes due – it rolls the debt over. That means it issues new debt to pay off what it previously borrowed, plus the interest.
The catch is that debt issued today must pay today’s interest rates, so the Treasury is rolling over debt at 5% that was previously issued at 1% to 2%.
www.foxbusiness.com
The catch is that debt issued today must pay today’s interest rates, so the Treasury is rolling over debt at 5% that was previously issued at 1% to 2%.
American taxpayers are now slaves to interest payments
The result of politicians in Washington racking up a $33.7 trillion federal debt? It now takes over a fifth of all government revenues just to pay the interest.
www.foxbusiness.com
"Shopping" Inflation = 5.5% increase .......... Discretionary, not food, fuel, rent, transportation, etc.
Consumers spent an all-time high of $5.6 billion shopping online on Nov. 23, up 5.5% compared with last year's Thanksgiving, according to Adobe Analytics ADBE, which tracks ecommerce and mobile shopping.
www.marketwatch.com
Consumers spent an all-time high of $5.6 billion shopping online on Nov. 23, up 5.5% compared with last year's Thanksgiving, according to Adobe Analytics ADBE, which tracks ecommerce and mobile shopping.
Americans did a record amount of shopping on Thanksgiving. Here’s what they bought.
Hot sellers included Disney Little People figurines, and Mattel’s Uno Show 'Em No Mercy card game.
www.marketwatch.com
government manipulating math.."Shopping" Inflation = 5.5% increase .......... Discretionary, not food, fuel, rent, transportation, etc.
Consumers spent an all-time high of $5.6 billion shopping online on Nov. 23, up 5.5% compared with last year's Thanksgiving, according to Adobe Analytics ADBE, which tracks ecommerce and mobile shopping.
Americans did a record amount of shopping on Thanksgiving. Here’s what they bought.
Hot sellers included Disney Little People figurines, and Mattel’s Uno Show 'Em No Mercy card game.
consumers spent an all time high, because inflation has made everything 50 - 100% more expensive.
Sports prices have surged this fall, according to federal data. That’s made game tickets the latest victim of “funflation,” a term used by economists to explain the increasing price tags of live events as consumers hanker for the experiences they lost during the pandemic.
www.cnbc.com
'Funflation' drives sporting event ticket prices up a whopping 25%
The price of attending sporting events rose 25.1% from October 2022 to October 2023, according to government data.
www.cnbc.com
anyone supporting this woke show, deserves what they get.. san francisso, cough, new york, cough.. cities near you,, coughSports prices have surged this fall, according to federal data. That’s made game tickets the latest victim of “funflation,” a term used by economists to explain the increasing price tags of live events as consumers hanker for the experiences they lost during the pandemic.
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'Funflation' drives sporting event ticket prices up a whopping 25%
The price of attending sporting events rose 25.1% from October 2022 to October 2023, according to government data.
If I am missing something, let me know.
Mortgage rates are not coming down. Should the FED lower interest rates, inflation will kick in the afterburners.
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www.reuters.com
Mortgage rates are not coming down. Should the FED lower interest rates, inflation will kick in the afterburners.
Higher mortgage rates weigh on US new home sales in October
Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out buyers even as builders cut prices, but the setback is likely temporary amid a persistent shortage of previously owned houses on the market.
www.reuters.com
FED will have no choice but to lower and inflation in real goods will explode in 24-25. There is no way around it as 80ies rates today are impossible without major social upheaval which ofcourse politicians will not stomach especially in election year. So expect huge market rally, maybe all times high, commodity prices through the roof (oil perhaps not as it will be kept down - if possible), food/services also up and until something really breaks on global scale it will be “smoke and mirros” for plebs…
What might cause “breakage” is supply which could (noone really know how much inertia is left) dwindle due to either transportation problems (shipping, rail accidents, truckers/port workers strikes) or middle east exploding in the US/EU face. Then the wheels are off and into the unknown (madmax or starship troopers).
What might cause “breakage” is supply which could (noone really know how much inertia is left) dwindle due to either transportation problems (shipping, rail accidents, truckers/port workers strikes) or middle east exploding in the US/EU face. Then the wheels are off and into the unknown (madmax or starship troopers).
Wrong
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZRSVQQN4NNJS5NWPJFCYWOZFAM.jpg)
www.reuters.com
US recession will prompt 175 basis points in Fed cuts next year, DB economists say
The Federal Reserve will cut rates more aggressively than markets are currently pricing in as a mild U.S. recession arrives in the first half of next year, economists at Deutsche Bank projected on Monday.
www.reuters.com
‘Stop the price gouging’: Biden hits corporations over high consumer costs
Big business and junk fees prove easy targets for the White House in the inflation blame game.
www.cnbc.com
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holdings illegal, as was done in the case of gold…
…If everyone decided, for example, to convert all his bank deposits as silver or copper or any other good and declined to accept checks as payments for goods, bank deposits would lose their p…
nottoobigtofail.org
Didn't he just say this was the 4th cheapest Thanksgiving in recorded history?‘Stop the price gouging’: Biden hits corporations over high consumer costs
Big business and junk fees prove easy targets for the White House in the inflation blame game.
Did the Russians hack the teleprompter or did demented pedo Peter go off script again?
I mean, Joe dipshit isn’t 100% wrong on this. However, once people run out of money this situation will correct itself.‘Stop the price gouging’: Biden hits corporations over high consumer costs
Big business and junk fees prove easy targets for the White House in the inflation blame game.
The answer from many companies has been to cut jobs and manufacturing capacity. Charge more while making less. Demand stays high.
The "Government" has taken the stance of "The thing that will tame inflation is more inflation"... But those Government workers are on the COLA plan.
When does this happen?
I can't believe it hasn't happened already for "the masses", right, the 70% or so of the general population that live min credit card payment to min credit card payment
It seems like people can just:
1. get another credit card
2. HELOC
3. borrow money from family
4. stop making payments on things and game the system for a year
5. declare bankruptcy and start the credit process over again
6. side gig their hairy man butthole to @akmike47 for cash money on Friday nights
I’ve been wondering about this for awhile.
I’ve started calling this a creeping recession, and the ones impacted so far are the ones making $40,000 -$50,000 a year or less.
Eventually it’ll move up to those in higher brackets.
The FED Reserve is attempting to make these events appear to be part of a planned soft landing.
They are running up the National Debt, handing out money, and saying the economy is strong.
If the US Government had to operate with a balanced budget for 2024, things would be different.
JMHO
Less than 1 trillion in 2008 lead to a 10 year bull run.
7.5 trillion was pumped in over the Covid period. Just too much money out there.
But.... The "Poor's" did not get that money.
If they did they would not still be poor's.
Follow the money.
Mid tier scam artists.. including Hunter... Got most of that money.
Current grift scam is milking the open borders and support "contracts"...
At ~5% i think more than 70% of new issued money aka debt (gov bonds) is used just to cover interest rates already issued debt. US can afford this as long as dollar has worldwide value (being trade/reserve currency) but this will or better yet is coming to an end. Its a game of musical chairs in reverse and the one with most dollars in their hands at some point in time - loses. Watch for signs of other currency/debt collapse first will be EUR with horrendous German gdp and industrial production data. 24 might still be too early as people still believe in the system and it will be another “hopium rally event” but 25 i think is the year things go really “south” for the west and then to the complete societal collapse
what they tell us .....
www.breitbart.com
what's going on
labor participation rate
www.bls.gov
U.S. Economy Grew a Blistering 5.2% in Third Quarter
Consumer spending was revised lower but government spending, business investment, and residential investment were all revised higher. | Economy
www.breitbart.com
Some economists look at the average of GDP and GDI as a more accurate reflection of the state of the economy. This grew at a 3.3 percent rate in the third quarter.
Spending by the federal government grew at an annual rate of seven percent, revised up from the earlier estimate of 6.2 percent. Overall government spending, including state and local expenditures, rose at a 5.5 percent rate, up from the earlier estimate of 4.6 percent.
The economy is widely believed to have slowed in the fourth quarter. The Federal Reserve Bank of Atlanta’s GDPNOW indicates that data so far suggests the economy is growing at a 2.1 percent rate in the fourth quarter.
It's HOT HOT HOT all good.. full steam aheadwhat's going on
labor participation rate
Civilian labor force participation rate
www.bls.gov
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90% of the people in America simply could not handle the truth. Plan accordingly.what they tell us .....
U.S. Economy Grew a Blistering 5.2% in Third Quarter
Consumer spending was revised lower but government spending, business investment, and residential investment were all revised higher. | Economy
Some economists look at the average of GDP and GDI as a more accurate reflection of the state of the economy. This grew at a 3.3 percent rate in the third quarter.Spending by the federal government grew at an annual rate of seven percent, revised up from the earlier estimate of 6.2 percent. Overall government spending, including state and local expenditures, rose at a 5.5 percent rate, up from the earlier estimate of 4.6 percent.The economy is widely believed to have slowed in the fourth quarter. The Federal Reserve Bank of Atlanta’s GDPNOW indicates that data so far suggests the economy is growing at a 2.1 percent rate in the fourth quarter.It's HOT HOT HOT all good.. full steam ahead
what's going on
labor participation rate
Civilian labor force participation rate
Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
MSN
www.msn.com
U.S. meat companies also grappled with an excess of chicken this year
excess - when the price of a product exceeds affordability, therefore people buy less, and you close the plant, due to excess.
pork here is 4.99 - 5.99 for chops -
hamburger - 90/10 is 5.99
I'll buy beef over pork. I never saw prices of pork go down, just up.
Feed prices and fuel, through the roof; causing prices to rise. People are buying less due to prices and it's being reported as 'creating oversupply' aka excess.
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from article - (I call bs)
The personal saving rate was revised up to four percent from 3.8 percent.
Disposable personal income grew 2.9 percent after an upward revision
I’d agree with those stats. I’ve seen no slow down of spending in the $50,000 and up income range. The ones I see hurting in that range are the ones who are terrible with money.
personal savings showing a large drop in 2022. I guess, it's like comparing fuel prices to Biden's 5.00 a gallon peak, and then tell everyone fuels dropping in price. Fed Gov just fails to tell you they are comparing current costs to his 5.00 dollar a gallon prices. https://www.statista.com/statistics/246261/total-personal-savings-in-the-united-states/
Handing out Trillion dollar bills, might make everyone a trillionaire on paper, but when eggs cost a Trillion dollars, are you really rich?
Inflation's a bitch.
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I still find eggs cheap. $4.99 for 24 grade A eggs at the local store.
I still find a lot of foods cheap. Gas is cheap. That low price point during 2020 was an anomaly.
Clothes are cheap on sale.
Only thing I’m not finding cheap is labor which I’m honestly ok with.
I still find a lot of foods cheap. Gas is cheap. That low price point during 2020 was an anomaly.
Clothes are cheap on sale.
Only thing I’m not finding cheap is labor which I’m honestly ok with.
cheap.
2 years ago, eggs were .99 cents a dozen; now 4.99 is considered cheap by some (400% increase). In a few more years, 7.99 might be cheap.
Those on a fixed income might disagree with the definition of cheap.
Easy solution, don't grow old, don't retire, work till you die. Animal farm comes to mind. Have they set up retirement homes next to glue factories yet? It will save on transportation costs.
2 years ago, eggs were .99 cents a dozen; now 4.99 is considered cheap by some (400% increase). In a few more years, 7.99 might be cheap.
Those on a fixed income might disagree with the definition of cheap.
Easy solution, don't grow old, don't retire, work till you die. Animal farm comes to mind. Have they set up retirement homes next to glue factories yet? It will save on transportation costs.
I haven’t seen egg prices under $1.00 for a long time. This shows the same:
www.usinflationcalculator.com
My eggs are $2.50 per dozen. Not bad to be honest.
A lot of retirees get COLA increases every year. It’s not like they are on a real fixed income that never changes. Besides, maybe they should have saved more for their retirement. Maybe spent less on coffee and quit going out to eat, lol.
Egg Prices Adjusted for Inflation | US Inflation Calculator
In November, the average price of one dozen Grade A eggs was $2.138, representing a 3.19% increase from the October price of $2.072, data released Dec. 12, 2023, by the U.S. Labor Department's Bureau of Labor Statistics (BLS) showed. Over a longer period and averaging the BLS's monthly pricing...
www.usinflationcalculator.com
My eggs are $2.50 per dozen. Not bad to be honest.
A lot of retirees get COLA increases every year. It’s not like they are on a real fixed income that never changes. Besides, maybe they should have saved more for their retirement. Maybe spent less on coffee and quit going out to eat, lol.
Expensive labor is inflationary. Make more $.... Spend more $......
Inflation will eventually kill inflation.
Similar to a fentanyl junkie.
Just bought dozen eggs for $1.86 at Aldi in small town GA. They were $1.23 last weekI haven’t seen egg prices under $1.00 for a long time. This shows the same:
Egg Prices Adjusted for Inflation | US Inflation Calculator
In November, the average price of one dozen Grade A eggs was $2.138, representing a 3.19% increase from the October price of $2.072, data released Dec. 12, 2023, by the U.S. Labor Department's Bureau of Labor Statistics (BLS) showed. Over a longer period and averaging the BLS's monthly pricing...
My eggs are $2.50 per dozen. Not bad to be honest.
A lot of retirees get COLA increases every year. It’s not like they are on a real fixed income that never changes. Besides, maybe they should have saved more for their retirement. Maybe spent less on coffee and quit going out to eat, lol.
Inflation rises 0.1% in November, slightly more than expected
The Labor Department released the closely watched November consumer price index report on Tuesday, revealing just how hot inflation was running last month.
www.foxbusiness.com
You can "slice and dice" all the theories on inflation. Bottom line, prices continue to go up. This is passed on to the consumer.
The only thing that will tame inflation is more inflation... Until the collapse.
The ceiling in ocean freight prices shot up in a matter of hours on Thursday as a result of more vessels diverting from the Red Sea. CNBC has learned that logistics managers were quoted this morning an ocean freight rate of $10,000 per 40-foot container from Shanghai to the U.K. Last week, rates were $1,900 for a 20-foot container, to $2,400 for a 40-foot container. Truck rates in the Middle East now being quoted are more than double.
The only thing that will tame inflation is more inflation... Until the collapse.
The ceiling in ocean freight prices shot up in a matter of hours on Thursday as a result of more vessels diverting from the Red Sea. CNBC has learned that logistics managers were quoted this morning an ocean freight rate of $10,000 per 40-foot container from Shanghai to the U.K. Last week, rates were $1,900 for a 20-foot container, to $2,400 for a 40-foot container. Truck rates in the Middle East now being quoted are more than double.
LOL.. .1% from their measured basket of goods.Inflation rises 0.1% in November, slightly more than expected
The Labor Department released the closely watched November consumer price index report on Tuesday, revealing just how hot inflation was running last month.
Still circling the airport... Waiting on that soft landing
A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal.
The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department reported Friday.
Economists surveyed by Dow Jones had been expecting respective increases of 0.1% and 3.3% respectively.
On a six-month basis, core PCE increased 1.9%, indicating that if current trends continue the Fed essentially has reached its goal.
www.cnbc.com
A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal.
The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department reported Friday.
Economists surveyed by Dow Jones had been expecting respective increases of 0.1% and 3.3% respectively.
On a six-month basis, core PCE increased 1.9%, indicating that if current trends continue the Fed essentially has reached its goal.
Fed's favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected
The core personal consumption expenditures price index was expected to increase 0.1% in November and 3.3% from a year ago.
www.cnbc.com
Housing affordability plummeted this year to the lowest level on record amid the astronomical rise in mortgage rates, which put ownership out of reach for millions of Americans, according to a new report published by Redfin.
Just 15.5% of homes for sale in 2023 were considered affordable for the typical U.S. household, the lowest level on record since Redfin began tracking the data in 2013. It marks a steep drop from the typical 40% seen before the COVID-19 pandemic home-buying boom began, and the 20.7% figure recorded in 2022.
www.foxbusiness.com
Just 15.5% of homes for sale in 2023 were considered affordable for the typical U.S. household, the lowest level on record since Redfin began tracking the data in 2013. It marks a steep drop from the typical 40% seen before the COVID-19 pandemic home-buying boom began, and the 20.7% figure recorded in 2022.
Housing affordability plummeted to lowest level on record in 2023
Housing affordability fell in 2023 to the lowest level on record as a result of an inventory shortage, a steep rise in mortgage rates and high home prices.
www.foxbusiness.com
Excluding volatile food and energy…..the only things that really matter to consumers.Still circling the airport... Waiting on that soft landing
View attachment 8303075
A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal.
The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department reported Friday.
Economists surveyed by Dow Jones had been expecting respective increases of 0.1% and 3.3% respectively.
On a six-month basis, core PCE increased 1.9%, indicating that if current trends continue the Fed essentially has reached its goal.
Fed's favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected
The core personal consumption expenditures price index was expected to increase 0.1% in November and 3.3% from a year ago.
Big ticket items like home owner's insurance and property taxes will show up after the first of the year.
Landlords will pass those increases on to the renter's.
Rent will go up; then government will step in with their 'solution'.
Drug companies should be giving American's meds at no charge after all of the Billion's of USD's this administration has "given" to them.
Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical
plan to raise prices in the United States on more than 500 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors.
The expected price hikes come as the pharmaceutical industry gears up for the Biden Administration to publish significantly discounted prices for 10 high-cost drugs in September, and continues to contend with higher inflation and manufacturing costs
Under President Joe Biden’s Inflation Reduction Act (IRA), the government’s Medicare health program can negotiate prices directly for some drugs starting in 2026.
www.cnbc.com
Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical
plan to raise prices in the United States on more than 500 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors.
The expected price hikes come as the pharmaceutical industry gears up for the Biden Administration to publish significantly discounted prices for 10 high-cost drugs in September, and continues to contend with higher inflation and manufacturing costs
Under President Joe Biden’s Inflation Reduction Act (IRA), the government’s Medicare health program can negotiate prices directly for some drugs starting in 2026.
Drugmakers set to raise U.S. prices on at least 500 drugs in January
Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical plan to raise prices in the United States on more than 500 unique drugs in early January.
www.cnbc.com
Inflation through 2024.
Dec 29 (Reuters) - Borrowers looking for relief from higher interest rates may be set for disappointment with financial markets indicating rates will stay elevated for years to come.
However much they fall in 2024, pricing in money markets highlights a view that the decade of near-zero interest rates prevailing after the great financial crisis is unlikely to return while inflationary pressures and government spending stay high.
That risks further pain for many public and private borrowers who locked in past lower rates and have yet to feel the full impact of the record-paced central bank hikes of the last two years.
Traders have in recent weeks doubled down on bets for steep rate cuts next year, encouraged by slowing inflation and a dovish shift from the U.S. Federal Reserve.
Dec 29 (Reuters) - Borrowers looking for relief from higher interest rates may be set for disappointment with financial markets indicating rates will stay elevated for years to come.
However much they fall in 2024, pricing in money markets highlights a view that the decade of near-zero interest rates prevailing after the great financial crisis is unlikely to return while inflationary pressures and government spending stay high.
That risks further pain for many public and private borrowers who locked in past lower rates and have yet to feel the full impact of the record-paced central bank hikes of the last two years.
Traders have in recent weeks doubled down on bets for steep rate cuts next year, encouraged by slowing inflation and a dovish shift from the U.S. Federal Reserve.
Chick-fil-A prices surge in recent years, report says
A new report says Chick-fil-A prices have increased 21% in the last two years. Analysts explain the reasonings behind the price hikes and what is expected to come.
www.foxbusiness.com
Chick-fil-A prices surge in recent years, report says
A new report says Chick-fil-A prices have increased 21% in the last two years. Analysts explain the reasonings behind the price hikes and what is expected to come.
prices up
nuggets are smaller
breading has changed (cheaper)
they put fewer fries in the fry container
I use to like chick-fil-a, but it is now so expensive and the portions have gotten smaller (I am a big guy that is a big eater) it now takes two meals for me to get full, fuck that. They still have great polite employees, but I don't want to be hungry after I eat a meal.
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