No inflation last month

[Aloha Hoosier]

Let me know when we have 20% deflation. 25% at the grocery and mortgage rates drop 3%.

We don’t want that. Deflation tanks economies.

 

[hookyIU1990]

The ACA curbed spending? It certainly did not. The CBO score was cooked with assumptions which never happened. The “Cadillac tax” never happened, as people like me predicted. The mandate and penalties didn’t last either. The ACA is increasing deficits and debt.

Im not saying ACA curbed soending. The point was neither party does what they campaign on when they have control of all three. The notable exception was the ACA when the Dems had complete control.

 

[TomEric4756]

The number reported was not zero … Bacon is still higher than it was in January.

 

[snarlcakes]

We don’t want that. Deflation tanks economies.

lol…..

 

[snarlcakes]

If that's what you want, then you're hoping for another Great Recession -- or worse.

Prices and wages have risen at roughly the same rate in the last three years. When inflation drops from 9% to 3%, that's a good thing. No, we won't see prices going back down to 2019 levels, but neither will wages. The sky has not fallen.

Why would you not want decreasing prices? Do you think inflation is good? Why?

 

[UncleMark]

Why would you not want decreasing prices? Do you think inflation is good? Why?

In the real world that is an indication of an economy in the tank.

 

[Aloha Hoosier]

Why would you not want decreasing prices? Do you think inflation is good? Why?

Some deflation is good. For example, electronic prices have decreased rather than increased over the years. The 75-inch flat panel TV we have was about $3000 when I bought it and now I could get a larger one for less than a thousand. Prices of certain commodities go up and down too. These are good kinds of "deflation." However, general deflation is almost always a sign of a tanking economy and increasing unemployment. I mistyped with I said it would tank the economy, what I meant is that it's usually a sign of a tanking economy.

 

[Mas-sa-suta]

My income has risen by roughly the same amount.

And buys less.

 

[UncleMark]

And buys less.

LOL. No, now it buys roughly the same amount.

 

[snarlcakes]

Some deflation is good. For example, electronic prices have decreased rather than increased over the years. The 75-inch flat panel TV we have was about $3000 when I bought it and now I could get a larger one for less than a thousand. Prices of certain commodities go up and down too. These are good kinds of "deflation." However, general deflation is almost always a sign of a tanking economy and increasing unemployment. I mistyped with I said it would tank the economy, what I meant is that it's usually a sign of a tanking economy.

I was giving you a hard time. I blow enough smoke up your a#% about being a liberal, so I should have refrained.

A couple points. I’d argue deflation is a good thing and a sign of a healthy economy. Decreasing prices is obviously good and getting rid of misallocated capital is also good.

 

[Aloha Hoosier]

I was giving you a hard time. I blow enough smoke up your a#% about being a liberal, so I should have refrained.

A couple points. I’d argue deflation is a good thing and a sign of a healthy economy. Decreasing prices is obviously good and getting rid of misallocated capital is also good.

Calling me a liberal is a real insult.

 

[Ohio Guy]

Trump cratered the economy because Biden was elected? That’s a moonbat conspiracy I’ve not heard. What specifically did Trump do to intentionally crater the economy?

My post was poorly worded - sorry about that. Biden inherited a cratered economy left from over from Trump primarily caused by COVID. His slow response to COVID was complicit in the hit our economy took.

 

[jsig]

In all the debate excitement, did I miss the excitement for this? We need to buy a new car by December, c'mon rate cuts.

https://www.cnn.com/2024/06/28/economy/us-pce-inflation-fed-consumer-spending-may/index.html

Sorry. Not spending 30 to 40k to get a new car that was in the 20's befir dipsht took office. Anything less is just buying junk. I'll stick to my v8 tundra that is 18 years old and has 222k miles on it. Cheap az Tesla cars raised their prices since dipsht's regime offer up tax credits for EV's. Car manufactures love when govts offer tax credits so they raise their prices. Solar panel industry loves it. They raise the prices, take the tax credits off the top then roll them into some loan.

 

[hookyIU1990]

Sorry. Not spending 30 to 40k to get a new car that was in the 20's befir dipsht took office. Anything less is just buying junk. I'll stick to my v8 tundra that is 18 years old and has 222k miles on it. Cheap az Tesla cars raised their prices since dipsht's regime offer up tax credits for EV's. Car manufactures love when govts offer tax credits so they raise their prices. Solar panel industry loves it. They raise the prices, take the tax credits off the top then roll them into some loan.

Don't opt for a new Tundra for a while. Sounds like nothing but problems over the last couple years with engines and some transmissions.

 

[BradStevens]

In all the debate excitement, did I miss the excitement for this? We need to buy a new car by December, c'mon rate cuts.

https://www.cnn.com/2024/06/28/economy/us-pce-inflation-fed-consumer-spending-may/index.html

Might I suggest:

 

[mcmurtry66]

Might I suggest:

Or

Imagine Marv and his wife cruising southern Indiana. Mark and his wife in the back. Mark with a heater hangin out the window. Trolling sonic parking lots

 

[Spartans9312]

Oil is up 9$ a bbl. the past month … 2.6 May not last as long as we might prefer.

At least dire predictions for 100 $ oil weren’t realized recently.

Oil going to 60s

 

[TomEric4756]

View embedded media

Oil going to 60s

Yes there has been a lot of emotion in market prices so far this week.
I personally don’t a 6 handle on oil.