Bcz the media loves negative news and its election season? they're doing what they need to be elected. Again fed will start slashing rates early next year and mortgage/auto loans will be back to normal by the fall. Low interest rates + cheap gas
My second encounter with this idea. People, don't be looking for prices to come down. That would be deflation and more harmful than inflation. Get used to the new prices. Milk doesn't cost $2.89/gallon anymore and never will again. I suspect the heightened levels may be the result of so many small businesses going bankrupt during Covid. Which would mean we're just replacing old restaurants and hair salons with new ones. It's hard to get a read on whether that level of new business applications is low or high in that context.
That makes no sense. The additional small business that are being formed are well above their 2019 levels. These are new businesses
Your graph wasn't showing a count of total businesses. It showed the count of new additions. And did not show business closures. Optimism might be one part of why business applications are up, but there can be many other factors. You could theorize that it also corresponds with the conclusion of the Trump Admin and the start of the Biden Admin. But, you don't see a dip in that line when Trump starts. For that matter, you don't see any disturbance going from Bush to Obama, nor even from the Great Recession. In fact, going from a pretty steady trendline for 15 years that suddenly leaps 50% to a higher plateau seems far too big to be explained simply by 'optimism.' These new businesses weren't prevented by a lack of optimism at least, but there is something weird going on in that data that needs explanation.
Inflation is public enemy #1, at this time, in the US, deflationary pressure is good, the result of Powell's effective fine-tuning of $ supply to contain inflation optimism has been the result of the following developments. continuous impressive growth in job creation and GDP. in the midst of high inflation huge Government spending---Bidenomics--to spur more economic growth
LOL what?! Go listen to powell speeches from earlier this year. He was trying to cause a recession to tame inflation. He repeatedly spoke about the need to throw folks off employment to tame inflation. He even blamed wage gains as the primary reason for inflation. Powell doesn't deserve any credit. If it wasn't for government spending bills to keep the economy afloat we'd be in a deep recession right now.
it's been an one-two punch Bidenomics Powell's fine-tuning of $ supply to counter the rising inflationary trend caused by supply chain bottlenecks.
Speak for yourself! TV pricing has decreased quite rapidly, and I believe it will continue to come down. I'm still not accustomed to lower prices every new Christmas, but I love it! Joking aside, we have pockets of items that do experience some deflationary pressure, and that's fine. So, yes, there is room for prices to go down within some segments (both retail and wholesale) in a healthy economy with mild inflation. Not everything needs to keep going up. In fact, Joe is somewhat right—there is definitely room for prices to go down for companies that have been impacted by constrained supply chain and are seeing prices decrease for a range of supplies. BTW, no, eggs is not going back to 25c per dozen however much @Commodore think it should. Possibly. I suspect that it's more due to the work-from-home trend, which helps free up time for people to explore and start new businesses.
New rail passenger routes happening cuz of democrats @Os Trigonum I'm sure you'll be honest right. As someone who loves rail this is a game changer
The milk I bought Saturday was $2.72. Been a while since I paid more than $3/gallon at the grocery store. Given how much money your average dairy farmer has been losing, it is one area I don't mind seeing inflation.
Intelligence is normally distributed, thus the mean, the median, and the mode are all the same (100 IQ).
Wow....this is huge. Commerce department threatening to seizing patents of big pharma who abuse the market and raise prices. This would be massive for the pharmaceutical Industry. When your MAGATs @Salvy talk about taking on the deep state this is what that looks like. Mortgage rates are coming down, gas is cheap, fed will slash rates next year. I don't even understand the deranged negativity about the economy. It literally makes absolutely no sense
