When people are at the grocery store paying $175 for a basket that cost them $100 4 years ago they do not get very excited about the Fed declaring that inflation is under control.
The US dollar is the global currency. When the US dollar is artificially inflated by bad fiscal policy it hurts the whole world.
My normal chipotle order is $20 now. It was $13 in late 2020 / early 2021. Chick fil an and Starbucks are similar. Even yogurt is roughly $2 for a 5.3oz container.
The dollar being strong relative to other currencies is irrelevant.
The dollar is so strong now that the dollar menu at McDonald's costs $3....
You have absolutely no idea wtf you're talking about.
I figured out who you are. You're that 23 year old kid, that just graduated from the University of Michigan and got his first engineering job. He had the same writing style and loved calling people stupid.
You're smart enough to regurgitate what you read. But, you don't understand any of it. You're so far from understanding it, that you don't know how dumb it sounds. So, you keep doubling down.
I can't go back and forth with you any more.
I'll just tell you you're wrong, leave it at that.
You think inflation resets every year and the price increases aren't cumulative. Prices are way up. Wages are not. As a result poverty is up. Crime is up. Consumer debt is up. Every metric and data point proves you're wrong and you're too pig headed to see it.
You're a moron.
You learned nothing from the curb stomping you took Tuesday.
You keep saying inflation is not under control. Please explain how 2% inflation is not under control.
Because prices doubled and are not going back.
This is not the same thing. Inflation IS under control because 2% annual is the norm. But groceries are never going to get cheaper in absolute terms whoever is president. If a grocery shop is now costing $175 it will always cost that or more in the future.
What's needed is wage growth so household incomes rise and outpace the rise in costs.
It's important people are clear in what the mean by "getting inflation under control". Does it genuinely mean lower inflation or deflation? Because that has problems of its own and government has limited mechanisms to achieve it as the primary mechanism (rates) is decided by the Fed - which is independent.
I assume Mr Trump means he wants to boost household income, right? Actually reverting costs to what they were two or three years ago would cause chaos.
No it isn't cumulative it's a rate of increase. It measures how quickly prices increase over a specific time frame. A 2% inflation rate means prices are increasing at a rate of 2% each year.
Yes, the inflation rate resets. It's a rolling 1 year lookback. The January rate looks at prices from January one year earlier. The February rate looks at prices from February one year earlier, and so on. It' doesn't look back any further than 1 year.
You truly don't understand this stuff.
Good lord...
The rate isn't cumulative you imbecile the price increases that result from the rate are cumulative.
You're embarrassing yourself now.
Exactly. If it goes up 5%, 9%, 5%, and then 3%, is inflation “down” compared to 4 years ago? The reason people didn’t talk about inflation before is because 1.5-2% isn’t noticeable and is normal. Not the 9% we had in 2022.
The rate isn't cumulative you imbecile the price increases that result from the rate are cumulative.
You're embarrassing yourself now.
Exactly. If it goes up 5%, 9%, 5%, and then 3%, is inflation “down” compared to 4 years ago? The reason people didn’t talk about inflation before is because 1.5-2% isn’t noticeable and is normal. Not the 9% we had in 2022.
1.5-2% is normal and usually accompanied by a 2-2.5% increase in wages.
Under Biden prices went up 20% and for the overwhelming majority of Americans wages didn't go up at all.
I figured out who you are. You're that 23 year old kid, that just graduated from the University of Michigan and got his first engineering job. He had the same writing style and loved calling people stupid.
You're smart enough to regurgitate what you read. But, you don't understand any of it. You're so far from understanding it, that you don't know how dumb it sounds. So, you keep doubling down.
I can't go back and forth with you any more.
I'll just tell you you're wrong, leave it at that.
You think inflation resets every year and the price increases aren't cumulative. Prices are way up. Wages are not. As a result poverty is up. Crime is up. Consumer debt is up. Every metric and data point proves you're wrong and you're too pig headed to see it.
You're a moron.
You learned nothing from the curb stomping you took Tuesday.
Sad!
The headline inflation rate is based on 12 months so it does reset as a metric.
You're right in what you're trying to say but it isn't the same as saying inflation is out of control. The inflationary period has ended but incomes have yet to rise to match.
This is not the same thing. Inflation IS under control because 2% annual is the norm. But groceries are never going to get cheaper in absolute terms whoever is president. If a grocery shop is now costing $175 it will always cost that or more in the future.
What's needed is wage growth so household incomes rise and outpace the rise in costs.
It's important people are clear in what the mean by "getting inflation under control". Does it genuinely mean lower inflation or deflation? Because that has problems of its own and government has limited mechanisms to achieve it as the primary mechanism (rates) is decided by the Fed - which is independent.
I assume Mr Trump means he wants to boost household income, right? Actually reverting costs to what they were two or three years ago would cause chaos.
The Fed's definition and the consumer's definition of "inflation under control" are not the same.
The Fed considers inflation to be under control when the rate of inflation is back to historically normal levels.
The consumer considers inflation to be under control when they are no longer being thrown down and f*cked in the ass every time they go to the grocery store.
Trump has said repeatedly that the solution to the debt crisis is growth. He wants to grow the economy and alleviate inflation by increases real wages.
There's also many things he can do to lower costs immediately by bringing down gas prices which impact the price of everything else.
Prices never go back. Prices aren't going to go back under Trump.
Inflation isn't Price.
No wonder you guy believe anything he tells you. You don't understand anything.
I don't think you understand how stupid you sound.
Let's use your logic on inflation on temperature.
It was 80 degrees on average in July 2019... and then the temperature goes up 10 degrees every year in 2020, 2021, 2022, and 2023 it suddenly 120 degrees in July 2023.
Everyone is complaining how hot it is compared to recent years.
Then the temperature only goes up 2 degrees in 2024 so the average is now 122 degrees in July 2024.
Normal people are still complaining that it's hotter than balls because the average temperature is 42 degrees higher than it used to be.
But not you.
You're running around claiming it's not hot at all because the temperature only went up 2 degrees since last year.
Exactly. If it goes up 5%, 9%, 5%, and then 3%, is inflation “down” compared to 4 years ago? The reason people didn’t talk about inflation before is because 1.5-2% isn’t noticeable and is normal. Not the 9% we had in 2022.
1.5-2% is normal and usually accompanied by a 2-2.5% increase in wages.
Under Biden prices went up 20% and for the overwhelming majority of Americans wages didn't go up at all.
That's just not true. Wages are higher than they've ever been and wage increases have outpaced inflation for 18 straight months.
Trump lied to you, knowing that you are too stupid to understand and that you'd take his word for it.
You'll do a complete 180 in January. As soon as Trump tells you the same exact numbers are good.
Please don't run away when this is over, LOL. You are the biggest clown ever and the humiliation will be epic. It's clear you have no critical thinking skills and only see the 172 to 81 "lead" for Trump and are literally too stupid to understand that this is due to geography, .time zones and population centers. It has nothing to do with who is actually "winning."
Again, if I put 48 red coins in a bag and 52 blue coins in a bag, how the coins are pulled out of the bag has absolutely nothing to do with the actual result at the end and no one is "winning" over the other because smart people who understand numbers will know that there are still other coins in the bag that have to be counted.
Kamala will win, just like Biden won and you will cry and say it was rigged, because you are too stupid to understand math.
Go to sleep, when you wake up you will face the realization that there will be a Madam President.
You think inflation resets every year and the price increases aren't cumulative. Prices are way up. Wages are not. As a result poverty is up. Crime is up. Consumer debt is up. Every metric and data point proves you're wrong and you're too pig headed to see it.
You're a moron.
You learned nothing from the curb stomping you took Tuesday.
Sad!
The headline inflation rate is based on 12 months so it does reset as a metric.
You're right in what you're trying to say but it isn't the same as saying inflation is out of control. The inflationary period has ended but incomes have yet to rise to match.
It’s a pretty complicated issue. Wages generally rose equally with reported inflation. It’s different depending on what job you have and also reported inflation is a sham that doesn’t take everything into account.
This post was edited 16 seconds after it was posted.
Prices never go back. Prices aren't going to go back under Trump.
Inflation isn't Price.
No wonder you guy believe anything he tells you. You don't understand anything.
I don't think you understand how stupid you sound.
Let's use your logic on inflation on temperature.
It was 80 degrees on average in July 2019... and then the temperature goes up 10 degrees every year in 2020, 2021, 2022, and 2023 it suddenly 120 degrees in July 2023.
Everyone is complaining how hot it is compared to recent years.
Then the temperature only goes up 2 degrees in 2024 so the average is now 122 degrees in July 2024.
Normal people are still complaining that it's hotter than balls because the average temperature is 42 degrees higher than it used to be.
But not you.
You're running around claiming it's not hot at all because the temperature only went up 2 degrees since last year.
For the last time Price the thing you are referring to in your example above is not Inflation.
Prices are high. I never said prices weren't high. Donald Trump isn't going to lower prices.
I said that inflation was under control, and it is.
You are conflating price and inflation, because you don't understand what you are talking about.
I don't think you understand how stupid you sound.
Let's use your logic on inflation on temperature.
It was 80 degrees on average in July 2019... and then the temperature goes up 10 degrees every year in 2020, 2021, 2022, and 2023 it suddenly 120 degrees in July 2023.
Everyone is complaining how hot it is compared to recent years.
Then the temperature only goes up 2 degrees in 2024 so the average is now 122 degrees in July 2024.
Normal people are still complaining that it's hotter than balls because the average temperature is 42 degrees higher than it used to be.
But not you.
You're running around claiming it's not hot at all because the temperature only went up 2 degrees since last year.
For the last time Price the thing you are referring to in your example above is not Inflation.
Prices are high. I never said prices weren't high. Donald Trump isn't going to lower prices.
I said that inflation was under control, and it is.
You are conflating price and inflation, because you don't understand what you are talking about.
Anyone who pretends price is separate from inflation doesn't know what they are talking about.
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