Trading from home for a living, with no and/or minimal driving expenses, having time to buy select produce, and cook in an all electric house..........
Is that a true representation of the average person living in the US ?
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Cpi
- Thread starter Covertibility
- Start date
Trading from home for a living, with no and/or minimal driving expenses, having time to buy select produce, and cook in an all electric house..........
Is that a true representation of the average person living in the US ?
Quote from sharkbites:
Trading from home for a living, with no and/or minimal driving expenses, having time to buy select produce, and cook in an all electric house..........
Is that a true representation of the average person living in the US ?
you have a point. its not average but most of the things still apply.
The ghosts of Weimar Germany were possessing many people including the Fed governors with their inflation warnings but to no avail.
CPI year over year 4.7% due to the once every 500 year storms that wiped out a city along with energy supply lines
Core CPI 2% which fell from 2.1% reportedin August
I think the more amusing eco report was the trade balance yesterday, particularly the part regarding China. Even with the Chinese BS revaluation, Chinese import prises fell for the third month out of four and prices fell 1.2% for the year. Someone ought to tell Snow that China can lower the price of imports to offset anymore revluations the crybabies want. Revlaution is not the answer to fixing the trade deficits.
CPI year over year 4.7% due to the once every 500 year storms that wiped out a city along with energy supply lines
Core CPI 2% which fell from 2.1% reportedin August
I think the more amusing eco report was the trade balance yesterday, particularly the part regarding China. Even with the Chinese BS revaluation, Chinese import prises fell for the third month out of four and prices fell 1.2% for the year. Someone ought to tell Snow that China can lower the price of imports to offset anymore revluations the crybabies want. Revlaution is not the answer to fixing the trade deficits.
Quote from Covertibility:
The ghosts of Weimar Germany were possessing many people including the Fed governors with their inflation warnings but to no avail.
CPI year over year 4.7% due to the once every 500 year storms that wiped out a city along with energy supply lines
Core CPI 2% which fell from 2.1% reportedin August
I think the more amusing eco report was the trade balance yesterday, particularly the part regarding China. Even with the Chinese BS revaluation, Chinese import prises fell for the third month out of four and prices fell 1.2% for the year. Someone ought to tell Snow that China can lower the price of imports to offset anymore revluations the crybabies want. Revlaution is not the answer to fixing the trade deficits.
next month should reflect lower gas prices. gas prices have been falling fast ever since the hurricane. i paid 3.09 labor day and 2.53 yesterday.
Intrest rates are going to go to 10-14% IMO. Why? Its simple.
If we had gone to deflation, a few ultra rich would have owned all the debt, and in turn owned everything.
There has been a conscious effort to cause infaltion and thus slowly elimiate the debt. Inflation is far more preferable to deflation in terms of maintaining world economic activity and releiving thierd world debt in earier and easier to come by dollors.
Its the only way to keep the whole paper money thing from destroying everything.
Bottom line: every paper money in the history of the world has done we have done and are about do to: crank up the presses.
The sollution: either forgive debts every 7 years and return land to its original owners every 50 years as per Biblical law, or....
The other alternative is destroy your economy every 70-80 years like clock work.
Thats my two cents on CPI.
If we had gone to deflation, a few ultra rich would have owned all the debt, and in turn owned everything.
There has been a conscious effort to cause infaltion and thus slowly elimiate the debt. Inflation is far more preferable to deflation in terms of maintaining world economic activity and releiving thierd world debt in earier and easier to come by dollors.
Its the only way to keep the whole paper money thing from destroying everything.
Bottom line: every paper money in the history of the world has done we have done and are about do to: crank up the presses.
The sollution: either forgive debts every 7 years and return land to its original owners every 50 years as per Biblical law, or....
The other alternative is destroy your economy every 70-80 years like clock work.
Thats my two cents on CPI.
Consumer prices rise 0.2% in Oct.
CPI yoy 4.3%
Core yoy 2.1%
"Energy prices are up 29.5% in the past year."
"In a separate report, the Labor Department said real weekly wages (adjusted for inflation) increased 0.4% in October. Real wages are down 1.6% in the past year, a slight improvement from September, but still near 15-year lows."
10 year 4.49%
Wow, 10 year back to where it was when the Fed started hiking Fed Funds Rate.
CPI yoy 4.3%
Core yoy 2.1%
"Energy prices are up 29.5% in the past year."
"In a separate report, the Labor Department said real weekly wages (adjusted for inflation) increased 0.4% in October. Real wages are down 1.6% in the past year, a slight improvement from September, but still near 15-year lows."
10 year 4.49%
Wow, 10 year back to where it was when the Fed started hiking Fed Funds Rate.
<quote>The Fed fights inflation by raising the cost of borrowing money, slowing economic activity.
"The Fed is quite concerned about letting the inflation genie out of the bottle," Behravesh said. He predicted that core inflation, which has been running at an annual rate of 2.1 percent so far this year, will rise to 2.5 percent in coming months.
</quote>
the above is from a news article today... it occurs to me that every time the fed mentions the word "inflation", we should replace it with the phrase "perceived inflation" and we'd get a more accurate view of their thinking.
supposedly the fed's central mandate is to "fight inflation". interesting that a 1913 dollar in today's dollars is worth about 5 cents. also interesting that before the fed came into being, an 1813 dollar in 1913's dollars was about a dollar.
"The Fed is quite concerned about letting the inflation genie out of the bottle," Behravesh said. He predicted that core inflation, which has been running at an annual rate of 2.1 percent so far this year, will rise to 2.5 percent in coming months.
</quote>
the above is from a news article today... it occurs to me that every time the fed mentions the word "inflation", we should replace it with the phrase "perceived inflation" and we'd get a more accurate view of their thinking.
supposedly the fed's central mandate is to "fight inflation". interesting that a 1913 dollar in today's dollars is worth about 5 cents. also interesting that before the fed came into being, an 1813 dollar in 1913's dollars was about a dollar.