Inflation Down Again: Under 3% Now

[80zephyr]

No they will not. Point a time after there was a round of inflation to where the prices went back down to where they were, it never happens.

Companies have gotten us used to paying the higher prices, they have no reason to lower them.

They don't go back down completely, but they do go down. In the 1980's, I believed that no bank would ever go back to 2% or 3% mortgage rates when they were used to 12, 13, 14%.
I was wrong. You probably are too.

 

[Harpy Eagle]

They don't go back down completely, but they do go down. In the 1980's, I believed that no bank would ever go back to 2% or 3% mortgage rates when they were used to 12, 13, 14%.
I was wrong. You probably are too.

My post was about overall prices, not interest rates.,

But yes, the Rates went down due to the massive recession in 2008/09.

Then they were kept lower than that for far, far too long, which lead to many of the problems we have dealt with in the last few years.

 

[80zephyr]

My post was about overall prices, not interest rates.,

But yes, the Rates went down due to the massive recession in 2008/09.

Then they were kept lower than that for far, far too long, which lead to many of the problems we have dealt with in the last few years.

Land goes down, as do homes. Been in construction my whole life. I've seen it.

 

[1srelluc]

I'll take it but it translates to little real world gains for the average consumer.

Oil is just under $80 a barrel so that means gas price hikes in the near future.

I noted that it went up .12 cents a gallon yesterday.

 

[Harpy Eagle]

Land goes down, as do homes. Been in construction my whole life. I've seen it.

Seems to not happen very often.

 

[Lesh]

Well, DDSS from Lesh.

He gets another thread shoved up his ass.

The fuck it does.

Lower inflation is good.

Under 3% is very good

 

[Harpy Eagle]

I told you all the MAGA cult would be pissed about the inflation numbers.

Their every post proves me correct yet again

 

[HikerGuy83]

The fuck it does.

Lower inflation is good.

Under 3% is very good

It's the rate you moron.

Like we keep pointing out, the DAMAGE IS DONE.

 

[HikerGuy83]

I told you all the MAGA cult would be pissed about the inflation numbers.

Their every post proves me correct yet again

Why would I pissed that the prices I pay are slowing down in terms of growth.

What is irritating is this idea that somehow that negates the tremendous damage done by the Biden/Harris and the inflation we've experienced.

 

[CrusaderFrank]

Harris/Walz '24: We only care about inflation when it's close to Election time, otherwise, fuck off with your whining

 

[Lesh]

It's the rate you moron.

Like we keep pointing out, the DAMAGE IS DONE.

And?

What’s the point of whining about the past if there’s no way to change that?

 

[HikerGuy83]

And?

What’s the point of whining about the past if there’s no way to change that?

OMGosh

This is hysterical.

Harris, who we are now being told had a big part in Biden's policies, isn't going to skate on the fact that she trashed the economy for many. They need to know because she plans to do it again.

 

[Lesh]

OMGosh

This is hysterical.

Harris, who we are now being told had a big part in Biden's policies, isn't going to skate on the fact that she trashed the economy for many. They need to know because she plans to do it again.

The inflation you whine about was caused by Trump and Biden dumping trillions each onto the economy.

You forgive Trump for that but not Biden.

Does that make sense to you???

 

[HikerGuy83]

The inflation you whine about was caused by Trump and Biden dumping trillions each onto the economy.

You forgive Trump for that but not Biden.

Does that make sense to you???

Ooops.

All on Biden's watch.

Suck on it.

 

[Harpy Eagle]

Ooops.

All on Biden's watch.

Suck on it.

So, in your world all the spending and money given away during COVID had nothing at all to do with the inflation that followed it?

 

[Lesh]

Ooops.

All on Biden's watch.

Suck on it.

“All on Biden’s watch”… ignores the fact that it was caused by the actions of BOTH Trump and Biden (both of which were necessary to keep the economy alive through COVID).

One might think you were a dishonest partisan

 

[HikerGuy83]

“All on Biden’s watch”… ignores the fact that it was caused by the actions of BOTH Trump and Biden (both of which were necessary to keep the economy alive through COVID).

One might think you were a dishonest partisan

One might think I am just doing what you guys do.

 

[Lesh]

One might think I am just doing what you guys do.

We are not but it’s good that you admit that your comments are based on dishonest partisan concerns

 

[Invisibleflash]

CPI Inflation Report: July Data Falls Below 3% for First Time Since 2021; Housing Costs Surge; How the Release Affects the Fed

Follow live coverage and analysis of the July Consumer Price Index report, released earlier this morning today.

www.barrons.com

Inflation keeps dropping

In fact it will likely trigger a Fed rate cut

Way to go Joe

&​

 

[Zincwarrior]

The fuck it does.

Lower inflation is good.

Under 3% is very good

Using a different metric, Fed goal is 2%. Rates under that metric are currently 2.5% and falling. Expectations for the next three years are for 2010s levels of inflation. Interest rates will start falling next month. Considering we had a depression in 2020 and then global rebound, that is in many ways amazing.