Quoted post unavailable.
you are describing pretty much the Big Mac Index
https://en.wikipedia.org/wiki/Big_Mac_Index
US annual inflation declines to 7.7% in October vs. 7.9% expected
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Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#22This is especially good since it was a year ago we started to notice inflation rising rapidly. If this print was higher than expected it would have indicated something really bad. With this print we could be on the path to healthier inflation in the coming year.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#23It's a bit higher in Denmark and I have a little too much stored as fiat in the bank. What is a safe asset to store value while inflation is >10% in a developed country?
Real estate probably for medium term, stocks for long term.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#24For those who were wondering if we would officially be in a recession after November 8 elections, the answer is still "no".
It will take a quarter, but given the massive layoffs occurring now, the projections of early next year are looking spot on. Inflation is a different problem.
> the projections of early next year
where do you see that projection?
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#25Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#26The US has it easy, since the inflation was largely caused by lockdown stimulus, and also benefits from being the global reserve currency so it can leverage cheap imports as the interest rate rises increase the value of USD.
I wouldn't be surprised if it's better in a few months, especially with the growing protectionism in the anti-inflation act, etc. and acts against Chinese competition, etc. keeping more industry in the US.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#27RANT: This inflation and coming recession is entirely on the hands of the current leadership in the Fed and Treasury. Their super-low interest rates over the years are coming full circle. We live in a centrally planned economy. My advice to the Fed is to set the Fed Funds Rate to equal inflation! This will stop the wild swings in the economy and keep inflation in check. When the Fed Funds Rate is lower than inflation…
Yeah....and the inflation we're seeing elsewhere in the world is just a coincidence.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#28Quoted post unavailable.
It's a statistic - representing a selection of goods/services, not your particular shopping pattern.
Just because you happen to be a 6 foot tall US adult male, doesn't mean that the claim that the average height of a US adult male is 5 foot 9 inches (according to google) is a lie.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#29Quoted post unavailable.
Sure, but inflation is percent increase over the current price. Is the price of milk at Costco going to be 3.86 next month and 4.56 next year?
The MoM and now YoY numbers show the rate is slowing.
Re: US annual inflation declines to 7.7% in October vs. 7.9% expected
#30Finally the mania is slowing down. It seems the rate hikes and layoffs are working.
I feel like a .2 percentage point drop is near imperceptible and something easily subject to reversal. I don’t think we’re anywhere near an actual slowdown to inflation yet.