Posted on 12/22/2023 7:02:22 AM PST by ChicagoConservative27
Soft landing, what a joke. Maybe for the well off, but when the credit card bills come due from folks out of cash, the soft landing will become very rough.
“Key Economic Indicators All Take a Positive Turn...Because There’s an Election Coming Up.”
Yes when democrats are managing the country’s decline nothing gets better.
Lol… the media is criminal
There are a LOT of warning signs that are flashing recession right now....highest ever credit card debt, very high credit card default rate, very high car loan default rate, high student loan default rate, etc.
So why does everything I buy cost more than it did the last time I bought it?
3%, huh? Didn’t they remove things like food, gas, utility costs from the count?
“What is “Responsible Statecraft”?”
It means that defense contractors make a fortune in wars all over the planet.
You can’t get more “responsible” than that.
One more raise may be needed. As inflation approaches the target, every little move downward will be harder to get. Lower oil is the only reason we have gotten this far. If oil starts up again, another raise will definitely be needed. The move from 3% to 2% will be the most difficult move to achieve.
The media will be happy to give Biden credit, if this is even true. But if it is the credit goes to the fed who will appear to have gotten it right this time.
The personal consumption expenditures (PCE) price index dropped to 2.6 percent year-over-year in November, according to data released Friday by the Bureau of Economic Analysis.
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The “Bureau” of Economic Analysis? Hmmmm....I remember the truthfulness of the Warren Report, the Tonkin Gulf Resolution, Hussein has nukes, get your Covid shot (which I never did), the Steele Dossier, Pentagon Papers, global warming, Joe Biden not involved in Hunters business.............and on and on and on.
Perfect EXAMPLE of the "FAKE NEWS" media reporting "FAKE NEWS" to the American public.
“Maybe for the well off, but when the credit card bills come due from folks out of cash, the soft landing will become very rough.”
The people on the bottom are in bad shape during booms and in a depression when everyone else is in a recession. That never changes, except for being either bad or worse. When you don’t have it together enough to do well in a boom, you have no chance when the rest of cycle goes by as it always does.
Garden variety cycle, nothing new.
The Houthi’s over in Yemen are having an effect on the inflation rate in the world right now. Especially for anyone in Europe.
Every container shipping line comping from eastern Asia now has to go around the southern side of Africa to get to Europe or the east coast of the USA.
It costs thousands of dollars more for every container on every ship.
We're able to get away with it because the world is using the dollar as the reserve currency. Other nations have to decide if they want to pursue austerity or just inflate their currency away.
“So why does everything I buy cost more than it did the last time I bought it?”
I guess you missed eggs going from $9 a dozen to $3, and gas going from $5 a gallon to $3.50.
If you aren’t in a recession or depression most everything always costs more. Deflation is what you are asking for, be careful, you won’t like it either.
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