Inflation report
#8119079
04/10/24 06:24 PM
04/10/24 06:24 PM
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Joined: May 2010
Posts: 10,524 MN
Steven 49er
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March CPI hotter than projected.
Looks like no interest rate cuts anytime soon. More likely an increase
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Inflation report
[Re: Steven 49er]
#8119097
04/10/24 07:00 PM
04/10/24 07:00 PM
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Joined: Dec 2020
Posts: 1,741 Wisconsin
Scott__aR
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I don't know where they come up with their inflation numbers, but they haven't been in my grocery stores or gas stations in the last month, let alone the last year. Inflation is up nearly 10 percent based on the money flowing out of my wallet.
Megapredator ... top of the food chain! Member of WTA Member of MTPCA Member of NTA
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Re: Inflation report
[Re: Scott__aR]
#8119102
04/10/24 07:06 PM
04/10/24 07:06 PM
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Joined: Feb 2015
Posts: 10,738 Iowa
trapdog1
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I don't know where they come up with their inflation numbers, but they haven't been in my grocery stores or gas stations in the last month, let alone the last year. Inflation is up nearly 10 percent based on the money flowing out of my wallet. That can't be. Joe says things are great.
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Re: Inflation report
[Re: Scott__aR]
#8119113
04/10/24 07:16 PM
04/10/24 07:16 PM
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Joined: Jan 2007
Posts: 5,021 MD
DaveP
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I don't know where they come up with their inflation numbers, but they haven't been in my grocery stores or gas stations in the last month, let alone the last year. Inflation is up nearly 10 percent based on the money flowing out of my wallet. Don't be silly, they adjusted the index formula so it no longer includes groceries, etc. And if you pay attention, rosy news is released, then a month or two.later, " revised" to be less rosy.
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Re: Inflation report
[Re: Steven 49er]
#8119124
04/10/24 07:33 PM
04/10/24 07:33 PM
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Joined: Feb 2014
Posts: 13,219 Ky
jbyrd63
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Yeah about to set I bond rates so got to lie
Last edited by jbyrd63; 04/10/24 10:48 PM.
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Re: Inflation report
[Re: jbyrd63]
#8119134
04/10/24 07:50 PM
04/10/24 07:50 PM
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Joined: Feb 2016
Posts: 3,589 Kentucky
ky_coyote_hunter
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Anyone that does any purchases really think inflation is ONLY 3.5 ? Oh yes take out gas and food prices. It would be 40% cumulative since Biden took over I was guessing high 30's, but your right and it has been catastrophic and covered up to the point of absurdity.
Member - FTA
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Re: Inflation report
[Re: Steven 49er]
#8119145
04/10/24 08:09 PM
04/10/24 08:09 PM
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Joined: Sep 2010
Posts: 2,249 NE
Marty B
"arbitrary noob"
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"arbitrary noob"
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NE
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Re: Inflation report
[Re: Steven 49er]
#8119154
04/10/24 08:21 PM
04/10/24 08:21 PM
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Joined: Dec 2006
Posts: 21,413 Alabama (Bama for short) 108 y...
Jtrapper
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Alabama (Bama for short) 108 y...
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Interest rates don't need to come down, they were at zero for a decade and everyone thinks that's normal, it isn't. U/E numbers are always 'unexpected' same as this crap, maybe economist don't have a clue what's going on, what went on or what is going to go on? lol. Only profession ive seen where they are ALWAYS wrong but keep a job. I bet next quarter's number's will be 'unexpected' as well.
Not my circus, not my clowns.
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Re: Inflation report
[Re: Steven 49er]
#8119155
04/10/24 08:23 PM
04/10/24 08:23 PM
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Joined: May 2010
Posts: 10,524 MN
Steven 49er
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You'll never see where I said interest rates are too high.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Inflation report
[Re: Marty B]
#8119157
04/10/24 08:25 PM
04/10/24 08:25 PM
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Joined: Jan 2007
Posts: 5,021 MD
DaveP
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But during Clinton they were $72/ 10,000! So not a great metric
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Re: Inflation report
[Re: Steven 49er]
#8119190
04/10/24 09:10 PM
04/10/24 09:10 PM
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Joined: Dec 2006
Posts: 29,952 williamsburg ks
danny clifton
"Grumpy Old Man"
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"Grumpy Old Man"
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Posts: 29,952
williamsburg ks
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If interest rates go up hopefully it slows these soaring real estate prices. Rent to the state is getting out of hand. Combined with utility and grocery increases something has to give or we will be in another depression. With all the social programs people still earning will lose most of it to taxes. The rest gone from inflation. Who stands to gain from that?
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
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Re: Inflation report
[Re: danny clifton]
#8119194
04/10/24 09:22 PM
04/10/24 09:22 PM
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Joined: May 2010
Posts: 10,524 MN
Steven 49er
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Who stands to gain from that? You know the answer to that.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Inflation report
[Re: Steven 49er]
#8119198
04/10/24 09:27 PM
04/10/24 09:27 PM
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Joined: Aug 2011
Posts: 45,579 james bay frontierOnt.
Boco
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james bay frontierOnt.
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There has never been as many rich people as there are now. Do you think all those filthy rich people care about anything like gas or food going up in pricea few hundred dollars? Be like us worrying about something going up a penny,lol.
Last edited by Boco; 04/10/24 09:28 PM.
Forget that fear of gravity-get a little savagery in your life.
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