American Economics Thread

Fedupwithlies

Junior Member
Registered Member

manqiangrexue

Brigadier

Americans are about to be surprised by even higher prices​

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  • Companies expect inflation to keep soaring in 2022, according to a survey from the Atlanta Fed.
  • Americans, however, expect the opposite. Their expected inflation rate fell in January.
  • The split suggests shoppers are in for a rude awakening as firms keep hiking their prices over the next several months.
  • Forty percent of businesses said they expect both labor costs and non-labor costs to put "significant upward influence" on prices, while about 30% said they expect sales levels and profit adjustments to drive a "moderate" lift.
  • Kroger CFO Gary Millerchip said the firm had been "very comfortable" with its ability to pass higher costs on to consumers, adding "we would expect that to continue to be the case."
 

KYli

Brigadier
How the heck it would cost almost 1 million to build housing per unit for homeless is beyond me. It shows how corrupt the US has become.
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The average cost for each home increased 12% to $596,846 in 2021 from the previous year, with one of the latest projects estimated to be built at almost $837,000 per unit, he added.

With more than 66,000 homeless people across Los Angeles County, the problem of housing them has emerged as one of the top issues ahead of this year’s mayoral election. The number of people on the streets has probably risen to about 80,000 during the pandemic, County Sheriff Alex Villanueva said last year.
 

9dashline

Captain
Registered Member
I wonder what China can do to fuck with the US economy a bit more. Export inflation, definitely. Put pressure on other US "allies"? Fund the Mexican Druglords?

Americans are about to be surprised by even higher prices​

Please, Log in or Register to view URLs content!
  • Companies expect inflation to keep soaring in 2022, according to a survey from the Atlanta Fed.
  • Americans, however, expect the opposite. Their expected inflation rate fell in January.
  • The split suggests shoppers are in for a rude awakening as firms keep hiking their prices over the next several months.
  • Forty percent of businesses said they expect both labor costs and non-labor costs to put "significant upward influence" on prices, while about 30% said they expect sales levels and profit adjustments to drive a "moderate" lift.
  • Kroger CFO Gary Millerchip said the firm had been "very comfortable" with its ability to pass higher costs on to consumers, adding "we would expect that to continue to be the case."
Of course he is "very comfortable" with passing higher costs, every week when I go shopping for the same basket of goods the price at Kroger keeps going up... and the lines keep getting longer...
 
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