Inflation Extends Cooling Streak to Hit 2.5% in August

[Anthony60]

So, inflation surged to levels not seen in 40 years, right after the election. Then, with an election coming, it dips down to tolerable levels. Of course, those prices didn't come down, we are still paying more for a lot of things, but the left can now crow about how they "tamed" inflation, LOL!

You put these people back in office, there's no reason why they won't push inflation back up again, and tell us how lucky we are that it isn't as high as it was a few years ago. C'mon useful idiots, jump in!

 

[dcsports]

The vaccines were being developed independently of anything Trump did. And what he did, was a failure.

Covid-19: Was US vaccine rollout a 'dismal failure' under Trump?

Biden says the initial vaccine rollout has been a failure, as he pledges 100 million shots in his first 100 days.

www.bbc.com

Much of the urgency was driven by trump, along with efforts to cut red tape on the process. And while Biden said it was a failure, he basically continued the plan with minor adjustments.

 

[nvflash]

But you’re trying to claim inflation is a problem now.

It’s not.

Sounds like you’re the one acting like a hack.

And for some reason you want everyone to ignore what Trump and Republicans did to contribute to inflation, as if they played no part in it. In my view, that’s a dishonest thing to say.

Trump is not in office now, and I'd like to hear Harris stand up in front of the American people and tell us "inflation is not a problem now".

Let's see if that BS narrative you are pushing flys come election night.

 

[MTAtech]

So, inflation surged to levels not seen in 40 years, right after the election. Then, with an election coming, it dips down to tolerable levels. Of course, those prices didn't come down, we are still paying more for a lot of things, but the left can now crow about how they "tamed" inflation, LOL!

You put these people back in office, there's no reason why they won't push inflation back up again, and tell us how lucky we are that it isn't as high as it was a few years ago. C'mon useful idiots, jump in!

A thought for people complaining that inflation may be down, but prices are still high: over the past century, only one president has presided over a significant fall in consumer prices. His name was Herbert Hoover.

 

[Anthony60]

A thought for people complaining that inflation may be down, but prices are still high: over the past century, only one president has presided over a significant fall in consumer prices. His name was Herbert Hoover.

Collapsing prices are not a good thing, no one is calling for that. If gas got back down under $2p/gallon, that is not a collapse.

 

[MTAtech]

Collapsing prices are not a good thing, no one is calling for that. I gas got back down under $2p/gallon, that is not a collapse.

The last time gasoline was below $2 was in the early days of the pandemic, when there was no demand and oil companies were paying suppliers to take the oil.

 

[The Hairy Fiddler]

So, inflation surged to levels not seen in 40 years, right after the election. Then, with an election coming, it dips down to tolerable levels. Of course, those prices didn't come down, we are still paying more for a lot of things, but the left can now crow about how they "tamed" inflation, LOL!

You put these people back in office, there's no reason why they won't push inflation back up again, and tell us how lucky we are that it isn't as high as it was a few years ago. C'mon useful idiots, jump in!

So tell me...how does the president increase inflation? Or better yet, how would Trump control inflation? You have no idea how to answer either one do you?

By the way, I paid $2.57 per gallon 2 hours ago.

 

[Anthony60]

So tell me...how does the president increase inflation? Or better yet, how would Trump control inflation? You have no idea how to answer either one do you?

Best way to control inflation is to not have it in the first place, like by not printing tons of money.

By the way, I paid $2.57 per gallon 2 hours ago.

Congratulations. That price sucks.

 

[Visbek]

Clearly leftist hacks wish everyone else didn't understand economics half as well as we do.

You can't hide the fact that food and other basic needs are up over 20% under Biden/Harris.

Why are you ignoring the fact that wages have risen faster than inflation for over a year?

The blame the last guy thing only works once and Biden played that card his first day in office.

Back in the real world, consumer confidence is below pre-pandemic levels, but is actually pretty close to normal, and is much better than the recovery from the 2008 recession. Not bad, given that we have had literally years of predictions of "recession any moment now!" for over 2 years.

Meanwhile, expectations of inflation are back to normal. Heck, they barely held a candle to expectations in 1980.

And of course, we should note that the public's feelings about the economy are often very heavily biased by partisanship (surprise!). Meaning that if you are utterly convinced that the economy is a disaster, a lot of that is simply your own partisan bias.

Harris is going to be owning this inflation come Election Day....

Riiiiight. Yes, I'm sure no one will care that Trump's mental state is deteriorating, or that the policies he's promising will result in higher prices and bigger deficits.

I'd add that anyone who thinks Trump will actually cut spending is deluded, as he increased both spending and deficits during his term. And that was before he signed off on $5 trillion in pandemic spending -- and wanted to spend more.

If your biggest concern is inflation, then you should vote for Harris.

 

[dcsports]

A thought for people complaining that inflation may be down, but prices are still high: over the past century, only one president has presided over a significant fall in consumer prices. His name was Herbert Hoover.

No one is seeking deflation.

 

[Visbek]

Best way to control inflation is to not have it in the first place, like by not printing tons of money.

lol

What, exactly, do you mean by "printing money?" Be specific.

Congratulations. That price sucks.

$2.57 per gallon of gas "sucks?" Good thing you aren't biased at all. Did you already forget that's the same price as during Trump's term? In fact, once we adjust for inflation, it's cheaper now than in 2016-2019....

 

[Anthony60]

What, exactly, do you mean by "printing money?" Be specific.

$2.57 per gallon of gas "sucks?" Good thing you aren't biased at all. Did you already forget that's the same price as during Trump's term? In fact, once we adjust for inflation, it's cheaper now than in 2016-2019....

This should help.

 

[yankintx]

The consumer has run out of money. Wall Street knows this and is selling out.

I travel lots, both domestic and international. Flights are full, I can't recall the last time I flew and a flight was not almost completely booked.

When economic times are tough the family vacations are the first luxury to be cut, If your claim that consumers have run out of money is based on fact, I am just not seeing that to be the case in the travel industry.

 

[Kushinator]

Their words frequently demonstrate they don't.

Are you prepared to actually discuss inflation outside of a few partisan taking points?

What is your take on the Fed's 2% mandate?

 

[Kushinator]

This should help.

Monetarism failed and therefore has been abandoned. A few fringe groups will play shit like this from time to time, but you're in no position to actually argue any of this stuff.

 

[ElChupacabra]

Are you prepared to actually discuss inflation outside of a few partisan taking points?

What is your take on the Fed's 2% mandate?

I want a 1....1% Fed mandate.

 

[Kushinator]

I want a 1....1% Fed mandate.

The 3% mandate has more of a empirical foundation. Let's see the knuckle-dragger cult articulate a 1% real interest rate and how it impacts inflation.

They cannot. All that we can be bothered to respond to is something about government spending and printing.

Can they explain what they are referring to as printing? What about spending? Deficits only matter when a Democrat is in the WH. Congressional makeup is to be used as an excuse for hypocrisy, e.g. faux veto proof spending bills when Democrats control Congress.

 

[dmpi]

I travel lots, both domestic and international. Flights are full, I can't recall the last time I flew and a flight was not almost completely booked.

When economic times are tough the family vacations are the first luxury to be cut, If your claim that consumers have run out of money is based on fact, I am just not seeing that to be the case in the travel industry.

Airfare, rental cars, hotels prices have all been falling. That tells me there's less overall demand.

 

[The Hairy Fiddler]

Airfare, rental cars, hotels prices have all been falling. That tells me there's less overall demand.

Americans have been living big for 4 years now. Finally the cyclical realities have started to kick in. The Fed will be reducing rates probable tomorrow. Mortgage rates are sure to drop, and after refinancing, the public will have even more disposable income to play with.

When Trump tells you about the economy, he lies. A real shocker I know.

 

[Michael Cole]

The consumer has run out of money.

No. Businesses stopped creating jobs. The growth in aggregate demand has slowed.

Wall Street knows this and is selling out.

??? Wall St. is selling out because inflation is at desired levels?

 

[Michael Cole]

Airfare, rental cars, hotels prices have all been falling. That tells me there's less overall demand.

Or excess capacity. Or a drop in operating costs. Or an increase in volume.

 

[Michael Cole]

Huh? How is that incorrect?

It's incorrect because gas was $6 two years ago and is $4 today. A 33% difference is noticeable to most.

 

[Michael Cole]

It's the period we're talking about. Change July to August (one poster referred to April to August). Good grief.

Sure. Over a larger timeframe, particularly when there's a dramatic change you can tell a difference. for example, about four years ago it was $1.87. ($33.66 for 18 gallons). Then go to August $3.38 that same tank is $60.84. That's a big difference. But month to month you normally aren't going to see it.

Good shit!!!

 

[Michael Cole]

So, inflation surged to levels not seen in 40 years, right after the election. Then, with an election coming, it dips down to tolerable levels. Of course, those prices didn't come down, we are still paying more for a lot of things, but the left can now crow about how they "tamed" inflation, LOL!

The Fed tamed inflation, combined with the supply chain operating efficiently.

You put these people back in office, there's no reason why they won't push inflation back up again, and tell us how lucky we are that it isn't as high as it was a few years ago. C'mon useful idiots, jump in!

??? You think the price of goods are controlled by a switch?

 

[Michael Cole]

Collapsing prices are not a good thing, no one is calling for that. If gas got back down under $2p/gallon, that is not a collapse.

The reason gas dipped to $2 was because the economy collapsed.