Another great explanation, but I'm afraid it doesn't matter, if he hasn't caught on by now, he never will.
“The university of Florida is a top 5 public institution and graduates smart people” “I’m a Florida grad and can’t read my own chart or understand comparative math” Amazingly both statements can be true, as proven in this thread.
Again, net prices did not increase from June to July. Here are the actual CPI index values. See if you can figure which one is higher, and if you are really motivated calculate the percentage change, my dear Watson. June 296.311 July 296.276
Anyone celebrating this is praying oil and gasoline stays at current levels or decrease more. Also last weeks jobs numbers were not as encouraging as they look as headlines show. Way too many people taking two to three jobs to keep up with inflation.
The OP was actually celebrating the fact that the YOY Number was still high, which by mathematical definition it will still be high due to the prior 11 months. The markets seemed to celebrate it. It is just one month so seems premature to get worked up over it. It will go back positive but perhaps at not as high of a rate. I suspect we have a long way to go to get back to 2%, if we ever get back there.
I just bought a house 6 months ago for the same thing. Rentals in Gainesville have gotten very expensive, a home that was a 3/2 1100sqft off NW 39th nice neighborhood is $2000 a month, a year ago more like $1350 Even the commercial real estate, I raised the rent 6% this year on my buildings
The difference is that in reality Hunter Biden is more or less irrelevant except maybe to those afflicted with Hunter Biden Derangement Syndrome (HBDS). Conceding that Hunter had a serious drug problem, attempted to monetize on his familial relationship with father and may even be guilty of failing to register as a foreign agent in violation of FARA and possibly failing to report taxable income for which he is still under investigation by the way, he is more or less irrelevant. There is absolutely no evidence that he improperly influenced his father and he never played any role in government. Trump on the other hand has a long history of improprieties, orchestrated a (fortunately failed) coup attempt, and most significantly remains very influential within the Republican Party and once again will very likely run for the presidency. Hunter is an irrelevant a-hole, Trump has the real potential to become president again and even if it fails to do so as he did in 2020 he will continue to do irreparable damage to the US as a Constitutional republic.
Umm my business depends on the economy being good. I want to keep my employees. What I want is our politicians and the Feds to stop being idiots. Both Trump and Biden flushed our country full of money over the past 2 years. The Feds purchased some 44 billion dollars worth of MBS and treasuries for far too long each month. Everyone was calling it last year, meanwhile, the Feds and people within the WH kept calling inflation transitory. The Feds are now forced to slow down the economy with large rate hikes and hope to achieve a soft landing which is not looking good. Now I’m doing everything I can to stay lien and keep my people employed as long as I can.
Little late night drinking? Re-read my post to see I did not call anyone a fascist. I mocked a poster, rightfully so, for using a ludicrous string of derogatory (to him) names for Democrats. I try to be better, though I do fall short.
The statement was accurate although the reality was that the drop in gasoline prices netted out increases in other prices.
While the inflation rate has been the highest in 40 years the unemployment rate dropped from 6.4% to 3.5% since Biden took office. I wouldn't exactly call that a "chit show" and by the way it does appear that the inflation rate has peaked.
