American Economics Thread

[Chish]

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Seems that US inflation rate have lowered slightly. No doubt Biden will declare this his victory but I can't help to think that Democrats would love to temper with economic data just so they can declare that they are winning.

Is the result based on exactly the same items in the basket or is based on their ' funny ' accounting system of using substitutes?
It was mentioned that when the price of an item goes too high, it is substituted with a similar product with less price variation. This is supposedly to reflect real life purchasing habits in US .
In Australia, government officials go to various outlets to get the average prices of the same items in the basket. And they found that prices are still rising.

 

[ficker22]

View attachment 95310


The copium overload is amazing

Well...
Shoot back, hit first.

 

[9dashline]

july CPI is 0% MoM, 8.5% is YoY

Just so everyone is clear, and not tricked by Biden math, its not that US inflation is at zero, its that rate of change is at zero, which means things havent even improved because exponential curves have compounding effect... The WH has basically busted out some Calculus 101 and taken the derivative of the curve and at the tangential point its a local zero and they try to pass that off as inflation is zero etc....
I mean as a headline it works, given that its the same American public that cant even find Ukraine or Tiawan on a map.

"Zero Inflation"
"No recession"
"America is Back"

 

[pmc]

It is release of oil from SPR to lower the price. it will end in October. than they will buy it again to fill up that will push the price.

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The withdrawals have pushed SPR's supply down to 464.6 million barrels, the lowest level since 1985. Turk said the department will use money from current sales to buy oil back at lower prices.

 

[9dashline]

It is release of oil from SPR to lower the price. it will end in October. than they will buy it again to fill up that will push the price.

Just mere shuffling the chairs on the decks of the sinking Titanic.....

 

[martinwagner]

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Just another day in the good ol' USA

 

[Strangelove]

All part of the grand plan, throw people onto the streets where likely they'll end up in jail.... and to be used as prison slave labor, to keep Amerikkka's economy going.

 

[Petrolicious88]

https://twitter.com/i/web/status/1555576887694561280

Recession, but unemployment is low; with a shortage of workers in some sectors. As long as people have good paying jobs, it will be hard to control inflation. People are still buying stuff. The average monthly car payment is now around $700.

And again, this can continue as long as people have jobs. Americans are putting these payments on their credit cards. What happens next is credit card/debt crisis that is not yet reported by the media. Not good if you lose your job.

If unemployment starts to go up, that's when the real recession starts. That hasn't happened yet.

 

[ZeEa5KPul]

View attachment 95204

Inshallah.

 

[ansy1968]

Recession, but unemployment is low; with a shortage of workers in some sectors. As long as people have good paying jobs, it will be hard to control inflation. People are still buying stuff. The average monthly car payment is now around $700.

And again, this can continue as long as people have jobs. Americans are putting these payments on their credit cards. What happens next is credit card/debt crisis that is not yet reported by the media. Not good if you lose your job.

If unemployment starts to go up, that's when the real recession starts. That hasn't happened yet.

You believed what he say, IF you did then I have a bridge to sell you...lol Unemployment rate is fudge, people had stop looking for job and company retrenched as Recession is looming or already started. IF you don't believed me then ask Tesla and Intel as they shed off workers and freeze hiring.

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Jun 3, 2022 — Tesla CEO Elon Musk wants to cut 10 percent of salaried jobs at the ... told executives he planned to shed one-tenth of Tesla's workforce.

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Jun 14, 2022 — Intel freezes hiring for chip division as PC market faces 8.2% YoY decline. Article by Gadjo Sevilla | Jun 14, 2022.