US Core inflation level lowest in 3 years

UHC is generally accepted as the worst of the worst actors in health care. The fact they raised their rates given their propensity to refuse claims is pretty insulting.

 

Bro, clearly you're not digesting the data in here. To fully leverage Bidenomics and low inflation you're going to need to
-Not buy Diet Coke
-Substitute the beef for "chicken parts" or breakfast sausage

 

That’s a new twist.

 

You said artificially low. That’s not the case. The government influenced until 2014. Rates after that were just what the market naturally went into after 2014.


Also, all the money was not spent before inflation went wild. We have very simple money supply and savings account charts to say otherwise. This is such simple economics that I don’t understand how anyone is trying to argue otherwise.

 

If you think they're the same, check the drug lists.

 

Hilarious

 

LARRY SUMMERS USES THE TERM "TRANSITORY"

 

I will.

The plan and benefits are supposed to be the same according to the email I received. Just managed by Humana instead of Aetna.

No way the city would lie to me.

Right,,,,,,,,

 

I’ve been retired for a while. I receive colas on my “base” pension, occasionally. I Received a letter in the mail Friday saying my cola is going up 10%. That’s by far the biggest increase I’ve received since I retired in 2007. I don’t know what index or figures it’s decided with, just that it’s based solely on inflation. There were numerous years where I received no increases. My base cola increases prior to this one were at a total of 53%. That’s one heck of and welcome increase.

Thanks Joe

Seriously don’t think Biden or any president has anything significant to do with inflation.

 

What? A giant tax cut coupled with a doubling of the major discretionary spending item didn't balance the books? Huh... who would have thunk it.

Or in the words of the Great Pumpkin, "Who knew Economics was so hard?"

 

That is not why we had trouble. Trump was just as bad on spending as every president has been.
Federal receipts increased every year under Trump just as it did under Obama minus 2020 due to almost completely shutting down our country for a few months.

Trump didn’t do anything to slow down the spending though.

Biden is taking spending against estimated federal receipts to new levels unfortunately.

Clinton was the last president we had who had surplus and that had more to do with congress then.

 

What an embarrassment Reich has become.

One thing determines price. Supply and demand.

FWIW, ytd profits are actually down vs prior year ytd profits. Drawing big conclusions based upon one quarter is pretty simplistic.

https://investor.kimberly-clark.com...er sales of $5.1,1 percent decrease in volume.

 

I really don’t like that Kimberly Clark lady.

 

The demand for diapers is pretty static though, no? (economists would call that elasticity). The amount of babies pooping has nothing to do with the pricing of diapers.

I assume there are still at least a few choices besides Huggies, so it isn’t a monopoly situation where consumers have no choice but to pay, but with a strong brand like that you can assume they have some pricing power.

Not that I’m agreeing with Reich. If he’s only looking at Huggies raw COGS and ignoring other operational costs, that’s kind of like cherry-picking that side of the equation anyway.

 

They increased prices because they can. That’s supply and demand. If they can increase price and it not materially reduce demand, why wouldn’t they? It is a business with a goal of making profits.

Pricing lower may not always coincide with cost structure trends. It is conceivable that costs could go up but consumers aren’t willing to pay a higher price. In those cases profits go down.

So what is Reich proposing? Price controls? A government committee that sets prices?

 

Is he actually proposing anything? I know this dude loves calling out corporations, high CEO pay, and is more of a pro-labor economist. But unless he’s proposing something, he’s basically just complaining or pointing out a price hike that may not be what it seems (according to him, anyway). I don’t think every time a person complains about prices or inflation they are automatically going to price controls…