A huge bulk of the fast food increase for McDonalds occurred during 2018, 2019 and 2020. You can see it began taking off around 2018. Although I'd prefer this graph use equal spacing in years. If it had kept the same standard spacing used for 2019-2021, you'd see 21-24 looking less steep (since it's 3 yrs verses 2) and 2014-2018 looking less steep (since it's 4yrs verses 2 years). https://financebuzz.com/fast-food-prices-vs-inflation For the record, FinanceBuzz is considered to be a very reliable and unbiased source. .
this warrants repeating Target, Ikea, Aldi, McDonald’s and Wendy’s are among several well-known brands that have announced lower prices in recent weeks. in an attempt to win back customers McDonald’s announced a $5 value meal set to hit stores next month. Wendy’s followed suit on Monday, releasing a $3 deal that features a breakfast sandwich and potatoes. Aldi, a nationwide grocery chain, said earlier this month that it would lower prices on 250 items, reducing, for instance, the price of sirloin steak from $8.49 to $6.99.
Inflation continuing to eat it's way through retail... Dollar Tree, Inc. Completes Transaction for 170 ‘99 Cents Only Stores’; New company to be renamed Dollar Ninety Nine Store
Remember how the Fed juiced up housing prices way beyond necessary by maintaining a post-lockdown policy of keeping rates low on top of exploding it's future balance sheets with QE? The key to Failing Upwards is by fessing up to the problem without blaming yourself for the cause. www.wsj.com /economy/housing/fed-inflation-rate-housing-rentals-2f28c5ba Stubbornly High Rents Prevent Fed From Finishing Inflation Fight
ROFLMAO !! how convenient of economic illiterate to forget that that, many a times, he had parroted the spin that Fed was wrecking its balance sheet !! needs to heed Able Lincoln's advise “Better to remain silent and be thought a fool than to speak out and remove all doubt.” it'd behoove Invisible to understand "exploding it's future balance sheets with QE" and "the Fed wrecking its balance sheet. ROFLMAO !!
bailing out Trump's failed businesses more than 5 times? How Trump Leveraged Other People’s Money to Make Bankruptcy Work for Him
Inflation is the only way we (and the rest of the indebted top half of the G20) are digging ourselves out of a 34T dollar shitpile that adds a trillion every couple of quarters. Maybe in 5 years, we'll all wish we could go back to paying One Trillion in interest only payments... I don't know how Japan is going to get out of their currency mess which could spill over into the broader markets within 18 months. You should take a vacation there while the yen is cheap and level of service is stable-ish.
correction, as it relates to economics, Invisible doesn't think, he parrots piecemeal / disjointed tidbits. he continues to be confused / all mixed-up, parroting someone else's spin as his own when the Fed implements QE, the spin has been the Fed is printing $ off thin air or the Fed is exploding its future balance sheet when the Fed implements QT, the opposite of QE, the spin changes to the Fed is wrecking its balance sheet
High Interest Rates Are Working, Fed's Williams Says Federal Reserve Bank of New York President John Williams said he expects inflation to continue falling in the second half of this year, adding that elevated borrowing costs are restraining the economy. Core PCE price index rose 0.2% in April, smallest gain of year In other words, Invisible, QT, or as the sources from which you parrot have characterized as "the Fed wrecking its balance sheet", has been an effective monetary tool to reverse the inflationary trend
Oh I'm sure you feel this way, ATW, Millionaire Prophet of the Little People that you are • Once you see the true value of money, you’ll never look at tax the same way again. • The fact you’re not told inflation is a tax is the real problem. • Inflation distorts true price discovery • It’s what makes the rich get richer & the poor who have no assets get poorer.
No one here is going to watch the entire Jaime Dimon's WSJ interview. Adoodoo spent his weekend posting weird **** that had no substance or value rather than enjoying the California weather. I doubt this breakdown will be helpful to him other than to be a bigger miserable shrew. Are U.S. consumers in good shape? (18:00) Answer: Yes, but this is largely due to government spending, which could lead to future problems. Quotes: "The consumer is in pretty good shape right now. Unemployment under 4%, housing prices are up, stock prices are up, jobs are plentiful, wages are finally going up." (101:24, 102:64) "The one thing you got to be cautious about is a lot of was driven by just fiscal spending... that will have other consequences possibly down the road, you know, called inflation." (112:84, 124:24) Will there be a soft landing for the U.S. economy? (21:27) Answer: He's skeptical, estimating only a 35% chance, and warns that the economy can turn quickly. Quotes: "The odds of a soft landing, the market kind of prices in 70%. I think it's half of that." (332:47) "I'm a little more worried that it may not be so soft and inflation may not quite go away as people expect." (133:80) "Things look pretty rosy in 1972, they were not rosy in 1973. So don't get lulled into a false sense of security." (345:44, 348:96) Will interest rates go up or down from here? (23:59) Answer: Rates may go up, affecting various types of loans. Quotes: "The rates may have to go up a little higher. I'm talking about the 10-year rate, the 5-year rate." (143:95) "If the 10-year rates goes up, then mortgage interest rates would probably go up, auto loan interest rates would probably go up, credit card interest rates would go up as well." (169:59, 172:31) Is Bidenomics working? (26:59) Answer: Partially. While it's driving growth, its benefits are uneven, and there are concerns about its long-term effects. Quotes: "When you spend that kind of money, you're going to have growth, and we needed some of that." (384:52) "I think the infrastructure thing is terrific, that was bipartisan. You know, other things will remain to be seen." (388:68) "I think some of the American public looks at it like, what are they getting?" (394:56) - This suggests that while the policy is generating growth, many Americans aren't feeling its benefits. Earlier, he said: "Even today, the deficit is 6% of GDP, you know, almost $2 trillion. That's driving a lot of this growth and that will have other consequences possibly down the road, you know, called inflation." (116:60, 124:24) - This indicates his belief that while Bidenomics is stimulating growth now, it could lead to inflation later. He also pointed out disparities: "The bottom 20% of America have not done particularly well over the last 20 years... There's part of society who's kind of struggling, it's part of society who's not." (276:68, 291:88) - This suggests that while Bidenomics may be working in terms of overall growth, its benefits are not reaching all segments of society equally. Is Jerome Powell, chair of the Federal Reserve, doing a good job? (32:20) Answer: He respects Powell but thinks the Fed made mistakes, particularly in the timing of rate hikes and the full effects of quantitative easing (QE) are unknown. Quotes: "I have tremendous respect for Jay. I think the Fed was probably late in raising rates." (439:44, 442:47) "We also don't know the full effect of QE... Most people have a general feeling that you can reduce the balance sheet by several trillion dollars and its effect will not be felt. I'm not so sure." (452:03, 457:40) "We've never had it before." (463:40) - This underscores his concern about the unprecedented nature of the Fed's actions. After saying "I have tremendous respect for Jay. I think the Fed was probably late in raising rates" (439:44, 442:47), Dimon continued with more thoughts about Jerome Powell and the Federal Reserve's actions. Here's what else he said: "They caught up. They're probably right in watching right now. We, we don't know what's going to happen. You might as well wait." (444:47, 449:52) This additional quote provides more context to Dimon's view: "They caught up" - While he believes the Fed was late in starting to raise rates, he thinks they've since taken appropriate action to catch up with where rates should be. "They're probably right in watching right now" - He agrees with the Fed's current stance of observing and not making immediate further changes. "We don't know what's going to happen. You might as well wait" - This shows his uncertainty about future economic developments. Given this uncertainty, he believes the Fed's current wait-and-see approach is prudent. Furthermore, Dimon went on to express concerns about the full effects of the Fed's quantitative easing (QE) policy: "We also don't know the full effect of QE. I'm again, I'm a little more on the cautious side of that. Most people have a general feeling that you can reduce the balance sheet by several trillion dollars and its effect will not be felt. I'm not so sure." (452:03, 454:24, 457:40) This part of his response shows that while he respects Powell and agrees with some current decisions, he's more critical and cautious about the Fed's past actions: He's unsure about the full impact of QE (the Fed's bond-buying program to stimulate the economy). He's more cautious than most about the effects of reducing the Fed's balance sheet. He disagrees with the general sentiment that the Fed can significantly reduce its balance sheet without it affecting the economy. Lastly, he added: "We've never had it before." (463:40) This is a crucial point. Dimon is highlighting that the scale of the Fed's interventions (both the massive QE and now its reversal) is unprecedented. There's no historical data to guide predictions about its effects, which is why he's more cautious and uncertain than many others. In sum, while Dimon respects Powell and agrees with some current Fed decisions, he's critical of their past timing, deeply concerned about the unknown effects of their unprecedented policies, and more cautious than most about future impacts. His stance is one of respect mixed with significant reservations.
good link; Jaime Dimon is my hero Long recognized as America's banker, Mr. Dimon has forgotten more about finance/economics than i am ever gonna learn. Dimon makes no blanket assertions, such as these (out of context) gems parroted by invisible The Fed exploding the growth of its balance sheet wrecking its balance sheet Dimon also does not resort to intellectually dishonest / sleigh-of-hand tactics to make a cheap point, such as these gems parroted by invisible "how the Fed juiced up housing prices" "exploding it's future balance sheets with QE" blaming the Fed, but not Congress, for deficit spending
You're like a weird psycho ex who can't admit she's wrong and does nothing to defend herself except bringing up slights no one cares about or was thought previously settled Keep thinking about me on the weekends rent free because that seems to make you extra happy. If Dimon is his/her/it's hero, then they/it/shim be one hella dishonest weasel for not bringing up his interview in these discussions.
