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Joined: Nov 2015
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Campfire Tracker
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Campfire Tracker
Joined: Nov 2015
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Repeating howling monkeys, just shows you have no idea, what others are saying. Might make you feel better! Then again it just shows your immaturity, and ignorance! Repeating howling monkeys again in any thread proves my point!
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Joined: Feb 2018
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Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2018
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You got it wrong....only the phony Inflation numbers being reported are going down........until the midterm elections are over.
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Joined: Oct 2021
Posts: 10,650
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2021
Posts: 10,650 |
Repeating howling monkeys, just shows you have no idea, what others are saying. Might make you feel better! Then again it just shows your immaturity, and ignorance! Repeating howling monkeys again in any thread proves my point! Feel free to ignore if this bothers you and assumes that you have the intelligence to do so. So, yet another one swept to the trash bin of irrelevance.
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Joined: May 2016
Posts: 60,177
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 60,177 |
Repeating howling monkeys, just shows you have no idea, what others are saying. Might make you feel better! Then again it just shows your immaturity, and ignorance! Repeating howling monkeys again in any thread proves my point! Feel free to ignore if this bothers you and assumes that you have the intelligence to do so. So, yet another one swept to the trash bin of irrelevance. Oh my gosh....you are such a pussy. Hahaha! Pretending not to crave the attention. So precious.
I am MAGA.
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Joined: Nov 2002
Posts: 18,454
Campfire Ranger
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Campfire Ranger
Joined: Nov 2002
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
And Survey Says:
Consumer price index eases to 8.5%
The Market seems happy with the news as futures rise 400+ points.
And before the usual mindless ad hominem attacks begin, I am not championing a CPI of 8.5% or taking a victory lap or a closet socialist or apologist for Biden's bungling of the economy... It IS funny how the Mainstream Media is welcoming the 8.5% as the second coming of Christ. However, the 8.5% is (economically) an irrelevant number. Yes, it's real, yes it's a s#it show. But the 8.5% happened over the past 11 months, because it's a year/year number. The relevant number is the monthly increase since June, which was 0. May to June inflation was 1.3%. That is inflation going away completely. (You may notice that they are reporting CPI, not Core CPI or CPE, as they have done during the run up, since these show politically less desirable numbers; but I digress). That, of course, begs the question: what does a sudden stop in inflation mean? It meant people and companies quit buying stuff, and that's there's more stuff than the economy needs. Also known as "recession". But, by all means, let's celebrate inflation going away. Stagflation would be another scenario possibility and we don’t want to go there. Supposedly the FED target has been a 2% Inflation goal. If we somehow get a soft landing it’ll be purely by accident. Right now it looks like the landing will most likely be a wheels up one. But the stock market is liking it at the moment. Jmo Staglation is exactly what we are in the process of right this minute. The Ford and Carter presidency was the only time I can remember it happening in the past. Are wages keeping up with inflation? GDP is low. Stagnant economy and inflation.
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
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ALL that team Biden needed to do was exactly NOTHING and we would have record unemployment, strong growth, core inflation and CPI under 3%, and affordable energy prices. In addition, the supply chain problems would be much further along that where they are now. Bingo
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Joined: Mar 2010
Posts: 24,064
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
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yep. stagflation is coming wait until ten per cent plus unemployment comes And Survey Says:
Consumer price index eases to 8.5%
The Market seems happy with the news as futures rise 400+ points.
And before the usual mindless ad hominem attacks begin, I am not championing a CPI of 8.5% or taking a victory lap or a closet socialist or apologist for Biden's bungling of the economy... It IS funny how the Mainstream Media is welcoming the 8.5% as the second coming of Christ. However, the 8.5% is (economically) an irrelevant number. Yes, it's real, yes it's a s#it show. But the 8.5% happened over the past 11 months, because it's a year/year number. The relevant number is the monthly increase since June, which was 0. May to June inflation was 1.3%. That is inflation going away completely. (You may notice that they are reporting CPI, not Core CPI or CPE, as they have done during the run up, since these show politically less desirable numbers; but I digress). That, of course, begs the question: what does a sudden stop in inflation mean? It meant people and companies quit buying stuff, and that's there's more stuff than the economy needs. Also known as "recession". But, by all means, let's celebrate inflation going away. Stagflation would be another scenario possibility and we don’t want to go there. Supposedly the FED target has been a 2% Inflation goal. If we somehow get a soft landing it’ll be purely by accident. Right now it looks like the landing will most likely be a wheels up one. But the stock market is liking it at the moment. Jmo Staglation is exactly what we are in the process of right this minute. The Ford and Carter presidency was the only time I can remember it happening in the past. Are wages keeping up with inflation? GDP is low. Stagnant economy and inflation.
Last edited by ribka; 08/10/22.
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Joined: Sep 2021
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Campfire Tracker
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Campfire Tracker
Joined: Sep 2021
Posts: 3,987 |
Wholesale inflation dropped 0.5%. Economists had been expecting an increase of 0.2% https://www.cnbc.com/2022/08/11/producer-price-index-july-2022-.htmlStock futures this morning seem to like the news.
Last edited by STRSWilson; 08/11/22.
Si Vis Pacem, Para Bellum
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Joined: Dec 2008
Posts: 78,300
Campfire Oracle
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Campfire Oracle
Joined: Dec 2008
Posts: 78,300 |
You got it wrong....only the phony Inflation numbers being reported are going down........until the midterm elections are over. ^^^^^^^^^^^^^^^ THIS I didnt read the whole thread but in case no one else mentioned it, fuel and food prices aren't figured into the CPI....which is where we get inflation numbers from.
"...the left considers you vermin, and they'll kill you given the chance..." Bristoe
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Joined: Feb 2010
Posts: 3,839
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
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Do the numbers include "shrinkflation"? Things at the grocery store keep shrinking....
Quando omni flunkus moritati
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Joined: Sep 2021
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Campfire Tracker
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Campfire Tracker
Joined: Sep 2021
Posts: 3,987 |
Nope. Hidden inflation is only going to get worse over time.
Si Vis Pacem, Para Bellum
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