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2021 - Is inflation finally back in the conversation?

Reagan1k

By Reagan1k
in Business and Markets

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Bateshorn
Bateshorn

The only thing more predictable than the GOP running up huge deficits on tax cuts and military spending, is each one suddenly becoming horrified by deficit spending 5 mins after a Democrat is sworn in

PilotsError
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StassneyHorn

StassneyHorn 6690

Posted
Posted (edited)

CPI at 0.7 for trailing 6 months.

Will be a December and January reading before inauguration. As well. And a February reading that most likely won’t have effects of tariffs if gone through on day one. Good chance of headlines with under 2% inflation in first 2-3 months of Trump presidency.

Edited by StassneyHorn
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gmr548

gmr548 16634

Posted
Posted
19 hours ago, MonkeyDoughnut said:

I guess that's one way to keep more people in Mexico, tariff the crap out of Chinese goods so everyone moves production to Mexico.

Net migration between the US and Mexico is basically zero over the past 15-20 years.

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Messi Liverpool

Messi Liverpool 4

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1 hour ago, Parliament said:

This is some bullshit.  Extreme shrinkflation.

https://fortune.com/2024/11/13/red-lobster-ceo-damola-adamolekun-says-endless-shrimp-is-never-coming-back/

IMG_5040.png

Here in the burbs you can only get Endless Shrimp on Monday's now (it was everyday for a spell), and I got it about a month ago. The waitress was annoyed at first, but by the end of the 3 hour marathon, I had won her respect with the sheer willpower that comes from the unique combination of being gluttunous + cheap. I also probably drank two entire batches of fresh brew iced tea.

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troph

troph 24922

Posted
Posted
On 11/13/2024 at 8:49 PM, StassneyHorn said:

CPI at 0.7 for trailing 6 months.

Will be a December and January reading before inauguration. As well. And a February reading that most likely won’t have effects of tariffs if gone through on day one. Good chance of headlines with under 2% inflation in first 2-3 months of Trump presidency.

He said he would fix it day one. So there’s that. 

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B00M

B00M 6572

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10 hours ago, Captainant said:

I wonder if getting into a trade war with one of our largest and closest trading partners will help or hurt inflation

https://apnews.com/article/mexico-tariffs-trump-retaliate-sheinbaum-fac0b0c6ee8c425a928418de7332b74a

 

Yeah but if we say enough bullshit up front, in a 2-5 years, when the consequences of todays policies are finally clear, how can we possibly say who is to blame? 

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StassneyHorn

StassneyHorn 6690

Posted
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We don’t use average price, you fat fucking piglets.

Turkey, for instance, is 6% cheaper than last year, despite bird flu knocking out a portion of turkey inventories. Tighter availability usually drives up prices, but Americans are eating about 1 pound less of turkey per person each year, reducing demand by more than enough to offset the supply hit.

Certain processed foods that may land on Thanksgiving tables are more expensive. Dinner rolls and cubed stuffing are each selling for 8% more than a year ago. On the flip side, sweet potatoes and whole milk have seen the steepest annual price drops, falling 26% and 14%, respectively. While fresh cranberry prices have climbed 12%, reversing an 18% decline the year before, they remain at their lowest level since 2015 — and when adjusted for inflation, they’re on par with prices back in 1987, the report said.

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