US Core inflation level lowest in 3 years

Except that it has

 

Hell, I made 35k in the market today AND got a cheap rib roast. Score!

 

The Trumpers will find away to spin this into bad news. The fed said 3 interest rate cuts next year. The market is betting on 6. Something is going to happen to gas prices. My guess is the Saudis will get tired of cutting while everyone one else pumps to win. It is possible gas prices will be at about 2 dollars a gallon before November. If mortgage rates are under 5%. The dems are gonna be tough to beat.

 

I think people want to see 2019's prices but those days are gone

 

I bet the same people raggin' on the current economy, think Reaganomics was the bees knees. Some fun facts. inf under RR was greater than it is now in 6 of 8 years. Inf was 4.1% when RR left office. Mortgage rates NEVER got close to the highest rates we've seen under Biden. 10.19% was the lowest under RR. UE avg 7.5% under RR, the min was 5.3%. So, maybe massively expanding the gov (90%) & massively engaging in protectionism (100% increase) is not good economics. Not to mention the 11 tax increases.

 

Publix has sales every week. It'll be back to > $18/lb tomorrow;

Inflation is out pacing wages;

...and the low UE rate is mostly low skill jobs that pay less than govmnt benefits, and fluffed by so many ppl who have been out of work too long to count anymore. That's why you still have high level of palpable frustration over economy, and why the dems have backed off of boasting "Bidenomics". It's bullshit and everyone knows it.

But hey, I'm all for the dems campaigning on Bidenomics!

Do it!

 

Wage growth vs inflation U.S. 2023 | Statista


Again I reiterate... tell those ignorant voters how dumb they are about their own circumstances!

Tell em ALL about how stupid they are for not appreciating how wonderful Bidenomics is!

 

Yeah, your chart shows wages growing more than inflation, then inflation growing more than wages, then wages growing more than inflation again. The net result is real wages are higher now than they were in Jan 2020 before the pandemic.

As for ignorant voters, a lot MAGAs truly are ignorant and think the economy is really bad because that's what Trump, Fox and other right-wing media tell them. They want the economy to be bad so they say it's bad.

 

Wow. Still above $3 in SW Fl.

 

Yet your average voter still believes that they are in a worst position and gas costs more. We have met the enemy and it is us

 

Sorry, don't do tiktok. Can you summarize

 

Uihlein built a massive facility in south Naples. Not a good client. One of less than a handful that I wouldn't ever work for again. Life is too short.

 

lol that’s the typical holiday sale price man.
I get one almost every year at that price.
In a week it will be back to $18/lb

 

He talks about oil production and the transition to alternative energy sources. Is adamant that wind power is a dead end, solar can pick up some slack but if we’re serious about it nuclear power is the answer

 

All depends on demand. Many are saying oil holds at $70/barrel.

I missed it but did Powell really say they are cutting 3 times next year? I thought he say they continue to stand pat and are happy with the progress.

Seems like the Fed threaded the needle after all.

 

Guess you’re going to ignore everything else.

He was being a bit in tongue in cheek