These statements about transitory inflation are bs, it is INFLATION!

UsualName said:
The Fed needs to stop raising rates. Consumers are already changing behavior.

https://www.cnbc.com/2022/08/18/kohls-kss-reports-q2-2022-earnings.html
More...


I think the Fed can stop now and the economy will correct itself. Prices are too high all across the board and consumers are slowing down significantly in many key areas and oil is back to the $80s for the time being. rich or poor...shit is getting too pricey for a lot of things and it will be showing up in the data over the next few months.
 
El OchoCinco said:
I think the Fed can stop now and the economy will correct itself. Prices are too high all across the board and consumers are slowing down significantly in many key areas and oil is back to the $80s for the time being. rich or poor...shit is getting too pricey for a lot of things and it will be showing up in the data over the next few months.
More...

Yes. Savings are run through for many and credit card debt is growing. Retailers inventories are growing and prices are coming down. This is where the real pain begins to set in. No Fed needed.
 
The inflation was mostly an artificial boom from a COVID recovery and eveyrone ratcheded up prices in a ridiculous manner. Not surprised to see them start to pop and fall so quickly, Logistics costs are collapsing over the course of 3-4 months alone after over a year of surge.
 
UsualName said:
Yes. This is how you would know inflation was transitory.

Let the hating commence!
More...

Nope. We have seen your gig from the get-go.

The inflation rate has blown up to an ungodly high and will or may transition down to a lesser number that is still ungodly high for the year, upon which you will declare success. Whereas your original statements were about it doing a reversion to before all this Biden mess.

FAIL!!!

Viewers prepare for a crabwalk.
 
You must log in or register to reply here.
Back
Top