Inflation down AGAIN

[AzogtheDefiler]

Oh brother. Migrant crisis. LOL. Gimme a break.

Hey Ron DeSantis, Florida, keep denying Global Warming

‘We're stuck': Neighborhoods across Tampa still underwater, without power​

Many homes and businesses don't have power. Tampa’s mayor, Jane Castor, says 65% of the traffic lights in the city were down Friday morning.​

View attachment 1026744
Keep talking shit about Al Gore

You truly are dumber than a pile of rocks. Climate change is your hill. Please get a brain transplant

 

[Cellblock2429]

U.S. Inflation Reaches Lowest Point Since February 2021

Cooling inflation, solid hiring and healthy growth could erode former President Donald Trump’s perceived advantage on the economy as measured by public opinion polls.

www.huffpost.com

Inflation dropped again
Gas prices are down
250,000 jobs created (180K is considered good)
GDP growth over 3%
Unemployment down again

The economy is doing well!

/—-/ If inflation is down the way you imply, why is everything 20% more than it was 4 years ago?

 

[Cellblock2429]

Did I say it was?

It’s under $3. And that’s pretty damn good

/—-/ Good compared to what, $3.10 or $1.86?

 

[Cellblock2429]

Liberals still don't understand economics. I could explain it, but it's right in the OP's article.

/—/ Libs understand economics. They just think everyone is as dumb as their base.

 

[Marener]

/—-/ If inflation is down the way you imply, why is everything 20% more than it was 4 years ago?

Because we all know that the most common metric for inflation is percent increase in prices over the last year.

 

[Cellblock2429]

Because we all know that the most common metric for inflation is percent increase in prices over the last year.

/——/ It may be common when we discuss it, but not in the real world when we buy a cart full of groceries and a tank of gas.

 

[WEATHER53]

Because we all know that the most common metric for inflation is percent increase in prices over the last year.

Called CPI which was up.

 

[Mashmont]

U.S. Inflation Reaches Lowest Point Since February 2021

Cooling inflation, solid hiring and healthy growth could erode former President Donald Trump’s perceived advantage on the economy as measured by public opinion polls.

www.huffpost.com

Inflation dropped again
Gas prices are down
250,000 jobs created (180K is considered good)
GDP growth over 3%
Unemployment down again

The economy is doing well!

And still higher than Trump's average. Just admit the Democrats are failures.

 

[Marener]

/——/ It may be common when we discuss it, but not in the real world when we buy a cart full of groceries and a tank of gas.

It's more relevant to discussion of policy in the future. Do you think Trump is going to bring on deflation?

 

[sealybobo]

You truly are dumber than a pile of rocks. Climate change is your hill. Please get a brain transplant

Man can't affect the weather? Or can we? Make up your minds. First you deny GW is real because Republicans tell you so, now you believe WE control the weather.

 

[Cellblock2429]

It's more relevant to discussion of policy in the future. Do you think Trump is going to bring on deflation?

/—-/ He sure as hell can try. Do you morally object to paying less for stuff if a Republican is president?

 

[Marener]

/—-/ He sure as hell can try. Do you morally object to paying less for stuff if a Republican is president?

Considering his stated policies are quite inflationary, not sure what he's going to do to try.

But more to the point, deflation is toxic to economies and trying to achieve deflation is a bad idea. Way better to increase wages to match inflation.

Guess how much wages have gone up in the last 4 years?

 

[Cellblock2429]

Considering his stated policies are quite inflationary, not sure what he's going to do to try.

But more to the point, deflation is toxic to economies and trying to achieve deflation is a bad idea. Way better to increase wages to match inflation.

Guess how much wages have gone up in the last 4 years?

/—-/ Rapid deflation is bad, but no one gets hurt if gas and food prices decline over time.
It’s in fact a benefit to the working poor and middle class.
If two good quality gas stations are in competition, and one is 20 cents cheaper a gallon, do you choose the more expensive one or cross the street to save $2.00 a tank?

 

[Marener]

/—-/ Rapid deflation is bad, but no one gets hurt if gas and food prices decline over time.
It’s in fact a benefit to the working poor and middle class.
If two good quality gas stations are in competition, and one is 20 cents cheaper a gallon, do you choose the more expensive one or cross the street to save $2.00 a tank?

Gas and food prices are quite volatile and go up and down all the time without resulting in deflation. These are only some of the components of inflation, about a quarter of it.

Moreover, gas is a global commodity. It wasn't that long ago that Trump was telling OPEC to decrease production to increase prices and provide more profit to American producers.

And just wait till you see what happens to food prices when you deport millions of people working in the food industry. Yikes.

 

[Cellblock2429]

Gas and food prices are quite volatile and go up and down all the time without resulting in deflation. These are only some of the components of inflation, about a quarter of it.

Moreover, gas is a global commodity. It wasn't that long ago that Trump was telling OPEC to decrease production to increase prices and provide more profit to American producers.

And just wait till you see what happens to food prices when you deport millions of people working in the food industry. Yikes.

/—-/ Why do you distort what Trump did? You know damn well he asked Saudi to cut production because oil was in negative numbers and he needed to save American oil workers jobs.
Why can’t you libtards ever give him credit for doing something right? GEEZE
Here’s what happened as you well know:
“President Donald Trump gave Saudi leaders an ultimatum.
In an April 2 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.
The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus.“

https://www.reuters.com/article/economy/special-report-trump-told-saudi-cut-oil-supply-or-lose-us-military-support--idUSKBN22C1V3/

 

[Marener]

/—-/ Why do you distort what Trump did? You know damn well he asked Saudi to cut production because oil was in negative numbers and he needed to save American oil workers jobs.
Why can’t you libtards ever give him credit for doing something right? GEEZE
Here’s what happened as you well know:
“President Donald Trump gave Saudi leaders an ultimatum.
In an April 2 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.
The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus.“

https://www.reuters.com/article/economy/special-report-trump-told-saudi-cut-oil-supply-or-lose-us-military-support--idUSKBN22C1V3/

No distortion. It's just showing you that we can't simultaneously have a profitable oil sector and low gas prices.

 

[AzogtheDefiler]

Man can't affect the weather? Or can we? Make up your minds. First you deny GW is real because Republicans tell you so, now you believe WE control the weather.

Man may but we don’t know to what extent.

 

[Cellblock2429]

Gas and food prices are quite volatile and go up and down all the time without resulting in deflation. These are only some of the components of inflation, about a quarter of it.

Moreover, gas is a global commodity. It wasn't that long ago that Trump was telling OPEC to decrease production to increase prices and provide more profit to American producers.

And just wait till you see what happens to food prices when you deport millions of people working in the food industry. Yikes.

/—-/ “Gas and food prices are quite volatile and go up and down all the time”
Actually the fluctuations are minor, but overall they are trending upward.

 

[Cellblock2429]

No distortion. It's just showing you that we can't simultaneously have a profitable oil sector and low gas prices.

/—-/ So, you’re saying oil companies weren’t profitable prior to 2000?

 

[Marener]

/—-/ “Gas and food prices are quite volatile and go up and down all the time”
Actually the fluctuations are minor, but overall they are trending upward.

Fluctuations are minor but minor fluctuations can distort inflation when it's only 2% per year.

I agree that food prices aren't that volatile but energy prices can be.