Fed’s Inflation gauge falls to lowest level in 2 years

wow, so many janet yellen's here, who knew?

 

Hey mom! I know what chicken is, I must be a chef.

 

Yes inflating is coming back down, but that also means those higher prices on Everything are here to stay.

 

Inflation > deflation.

 

waay too general Danielson.

 

You haven’t gotten a raise in 2 years. This is my surprised face.

 

My take is that all economies fluctuate and our US economy is no exception. I also believe that the American public and businesses are what save it every time, despite what repub or dem govt hacks think they do to deserve credit.

 

Maybe you’re right, and I will admit most of my data is anedoctally based. I will also say it’s not lost on me that people are throwing money around and that’s coming from somewhere. what I have experienced in my my personal basket of goods (CPI) and that is what we spend money. Our property taxes this coming year are up significantly from past. My homeowner has gone from $1600 to $3500 in last few years. I bought a used car for my 17yo. I scoured the city to find anything that wasn’t pure garbage and had to pay $11,000 for a 10yo civic that should have been about $6500. My wife does extremely well. We drove by the maecedes dealership just for kicks. We looked at a GLS450 and it was $150,000. Those cars were $90,000 not too long ago. We had a pool estimate couple years ago and it was $90,000. When we went back recently to ask about getting started the exact same pool was $160,000. Those are not 5’or 6% inflation. But again those are just my personal CPI

 

Y’all can argue why all day.

All I got to say is “bless all our hearts”.

 

Dude I know my cars the Merc GLS 450 is still 90K. You left out the fact that you were looking at the GLS 63 AMG that has every creature comfort known to man and one that produces 600hp that propels it to a 3.5 zero to sixty time.

Cool story though.

 

No kidding. I was poking fun at all those that blamed Biden for inflation when economic drivers to inflation were, for the most part, beyond the reach of the exec branch.

 

all fair points. And yes we are fortunate to be able to afford whatever we want, but we both live well below our means so the costs of items increasing substantially stands out to us. We aren’t going to pay 160,000 for a pool.

And for soho, I’ll be the first to say I’m not a car guy and when we stopped by that day what I do remember is they had 3 SUVs available. 2 G wagons which we think are ugly and they were both over 200k and 1 GLS and it was 150k out the door. Maybe it was a 550 vs 450. Just for grins I looked up our local dealer. They had one. And it’s 120k out the door and it’s not an AMG. Cool

city. Props to your dad for serving. I train and work with all sorts of first responders and vets and most are first rate.

 

When I decided to buy a house I paid cash for it. It probably would have been smarter to take out a mortgage and invest the money, but there is something about having a monthly nut that is under a k.

 

Doubling down on nonsense I see. The cost of a GLS 450 has not gone from 90 to 120K much less $150K (2024 base is 85K) in a couple of years. Like most high end German cars your can option the to the moon. You should see what you can do starting with a base 911.

I bet you are a lousy shopper.