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Way too low.Nat gas down to $2.36. Cheap
Or maybe just more time (see graph below where impact of money supply is still happening):3.1% headline CPI. More work to do get it down to 2%.
Those s%#$ ba$#%&$ !!!and insurance
no kiddingThose s%#$ ba$#%&$ !!!
They're a deserving scapegoat...
Heating my home and the price of gasoline are the least of my worries. Home insurance, airfare, cost of a new car, auto insurance, appliance repair, orthodontics, etc have inflated greatly.Because No one needs to eat heat their homes or drive anywhere.
Good observation, mchammer. Insurance is a huge outlay for both home and auto. I cringe when I see those bills come in. But cost of food is still a major concern - I feel the pinch every time I go to the Commissary.Heating my home and the price of gasoline are the least of my worries. Home insurance, airfare, cost of a new car, auto insurance, appliance repair, orthodontics, etc have inflated greatly.
That may be what middle daughter becomes in about 9 years.
You are conflating different inflation reports. One is producer prices. This obviously doesn’t include insurance, housing, etc. It does include food and energy, which is excluded for the core inflation. Both headline and core inflation were low for producer prices (0.9% and 2.0%, respectively).I didn't read the link. If the costs of food heating insurances utilities and nearly everything has risen what other than nat gas didn't go up?
What is in the core?
The one that raised my eyebrows was the property tax bill. Property values have gone up so much, but the rates have remained constant, resulting in a much larger than normal tax bill.Good observation, mchammer. Insurance is a huge outlay for both home and auto. I cringe when I see those bills come in. But cost of food is still a major concern - I feel the pinch every time I go to the Commissary.
As long as interest rates are above the inflation rate we are good - it will just take longer to reel in inflation. There are ways to calculate what the interest rate should be above inflation (aka the real interest rate). I think Powell simply agreed to apply that method starting in March 2024. Current Fed interest rate is 5.5%. Assuming the delta is 2% and inflation is currently <3.5% and heading down, then yes you can say with some confidence that you can start cutting by March or April.Powell caved to Presidential pressure to ease off the interest rates to avoid a recession in 2024. If inflation isn't solved it won't matter. Normal people need a year or 5 of gradual price deflation to get to a level somewhere in the 2000s.
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I would generally agree with that plan, but maybe push it back a few months. Hold the line where it's at for a while longer.As long as interest rates are above the inflation rate we are good - it will just take longer to reel in inflation. There are ways to calculate what the interest rate should be above inflation (aka the real interest rate). I think Powell simply agreed to apply that method starting in March 2024. Current Fed interest rate is 5.5%. Assuming the delta is 2% and inflation is currently <3.5% and heading down, then yes you can say with some confidence that you can start cutting by March or April.
No one knows for sure what will be the situation by mid-March. Could be a recession by then.I would generally agree with that plan, but maybe push it back a few months. Hold the line where it's at for a while longer.
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