Working Out: The meaning of falling inflation

What you are asking for is economic suicide.

 

Fake News. There is plenty of daylight between suicide and sensible ongoing management.

 

Not news, and not fake.

There is no daylight where you have placed your head.

 

And yet the CPI just keeps going up.

 

It was on par (jobs, GDP growth) with Obama until Covid. In the end his 4 is average is nothing short of disasterous.

To the topic, - inflation is falling and it was going to happen sooner or later.

Big time, and he wanted more. When Biden called for another stimulus, Trump said he would have asked for twice the amount.

 

Inflation, by definition, is persistent price increases.

So when the price goes down, guess what it's not...

 

Have you seen an official number that says inflation is falling? I haven't noticed lower fuel prices bubbling through to prices elsewhere as yet.

 

Well, you have to admit, the NYTs et al did their level best to put lipstick on the OPs pig... But why do democrats worry? After all, they say it doesn't hurt them. Higher prices? Who cares... They are rich they tell you.. rich...

My only thought after hearing these progs is, in the US, no one knows what a guillotine is.. And this time, it isn't cake, it's ice cream... but it seems this is what democrats want in this country. viva la revolutione....

 

And now for an injection of reality. Biden has been saying for some time bringing down inflation is priority #1. He understands he gets the unjustified blame. When have you heard a Dem say he/she doesn't care about inflation?

 

Official number is coming out tomorrow.

 

Where do you get that definition from?

 

No, it isn't. Inflation was higher in part of the 1970s.

https://www.usinflationcalculator.com/inflation/consumer-price-index-and-annual-percent-changes-from-1913-to-2008/

A lot of older workers have retired early because of covid.

 

Biden was probably hurt more when he declared victory over covid just before Delta took off.

Translation:

Is old Joe to blame for rising prices around the world?

Do you even know why we have inflation? I doubt it.

 

18 months.

Only about 1/3 of the inflation is Biden's fault. Inflation is up in the G7...

Bernie Sanders knows about as much as you do about the economy. Not very much.

You MAGAs are great. You screw education and healthcare, two important keys to better worker productivity and then you go on about increasing supply.

No, all you'll find out is how voters cast their ballots.

 

So, who are you going to blame?


Obama's last three years was about the same as Trump's first three.



No one has done a damn thing about this problem for more than four decades...



I made $3.05/hour as a unionized grocery store clerk in 1964. In today's dollars, that would be $29.25. We got double time on Sunday ... $58.50. A grocery clerk doesn't make half that today.


https://www.bls.gov/data/inflation_calculator.htm

Trump gave rich folks tax cuts because Paul Ryan said so. They tried to get rid of Obamacare, but you remember McCain with his "thumbs down." You're screwing Trump's base. So, what do you do? Blame someone else.

 

Obama didn't average 1.9% he averaged 1.55%

2009-01-01 -2.6
2010-01-01 2.7
2011-01-01 1.5
2012-01-01 2.3
2013-01-01 1.8
2014-01-01 2.3
2015-01-01 2.7
2016-01-01 1.7
That's an average of 1.55%.

You also were able to do math in your head and count back change, clerks today can't do that, the tech does it all for them. You stood alone, today's employees are buried in tech that didn't buy itself, their employers paid for it. Your productivity was your productivity, and you were paid for it. Today's productivity is a combination of the employees efforts and a massive investment by the employer in tech. You want the employee to be paid as if that tech investment wasn't made, that's not reasonable and it's not happening.

You could also buy a gallon of gasoline with 3 1964 dimes. If you still have 3 of those dimes they are worth over $5 even if you just melt them for the silver, so you can buy more gas with those three dimes today than you could in 1964.

 

The clerk's job is at least as difficult today from what I've seen.

 

"Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country."

I was talking about instances where prices are going down...

There are inflationary pressures, but the simplistic politically inspired garbage you see here doesn't just miss the boat, it misses the planet.

 

It's political party over country; they want Biden to fail regardless of how it hurts the nation.

Exactly.

Today's the day, the biggest inflationary causation, energy prices, is still declining.

 

They predict inflation has slowed, but the Fed is still concerned about another inflation figure, which excludes food and energy, but includes rent. Rents are very expensive, and the Fed will probably use that as a justification for another rate hike.

Actually the report just came out and inflation has slowed more than expected. It still has a long way to go to get to normal levels but clearly the trend has turned for the better.

Dow futures rip higher by 400 points after lighter-than-expected inflation report
https://www.cnbc.com/2022/08/09/sto...vestors-brace-for-july-inflation-report-.html
U.S. stock futures rose on Wednesday morning after a key inflation reading showed a better-than-expected slowdown for rising prices.

Futures for the Dow Jones Industrial Average jumped 411 points, or 1.3%. S&P 500 futures gained 1.7%, while Nasdaq 100 futures jumped 2.4%.

 

Food prices were up 10.9%. A lot of people can survive with less gas if they have to but everyone needs food.

 

Overall inflation didn't go down in July. Prices are as inflated in July as they were in June.

​

 

You're arguing against a point I didn't make.

 

He's dumping the SPR and gas is still up 70% and prices overall are up much further than wages. As for the claim Joe fixed everything in time for the election?

Bloomberg reported, "It was only a matter of time, really."

"Soaring natural gas and electricity prices are starting to hit the US industrial complex."

"On June 22, 600 workers at the second-largest aluminum mill in America, accounting for 20% of US supply, learned they were losing their jobs because the plant can’t afford an electricity tab that’s tripled in a matter of months. Century Aluminum Co. says it’ll idle the Hawesville, Kentucky, mill for as long as a year, taking out the biggest of its three US sites. A shutdown like this can take a month as workers carefully swirl the molten metal into storage so it doesn’t solidify in pipes and vessels and turn the entire facility into a useless brick. Restarting takes another six to nine months. For this reason, owners don’t halt operations unless they’ve exhausted all other options."

Nearby W. Virginia is loaded with coal that nicely converts to cheap electricity, but, not under this Junta.

Ford raises price of F-150 Lightning EV due to significant battery cost increases @CNBC



The Center Square reported, "The U.S. Bureau of Labor Statistics released new economic data Tuesday showing the sharpest quarterly decline in labor productivity since 1948.

"BLS reported a 4.6% decrease in labor productivity in the second quarter of this year as the economy shrank and labor costs rose. This data follows a decrease in productivity the first quarter of 2022 as well."

We are in a recession, J6 is flailing and a heavily armed FBI is running around like chickens with their heads cut off. And inflation collapsing into deflation is exactly the concern is the accompanying wave of layoffs and bankruptcies.

 

Republicans seem so upset gas prices are comming down, why?