121–130 of 566 posts
RANT: 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…
RANT: 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.
Anyone notice that brand name soda (looking at you Coke) has increased almost 100% while the generic/house brand has had slight increases. I feel like Coke is testing the pricing limits of its customers especially with the smaller packaging and these prices will not come back down.
Earlier quoted context omitted.
Many Americans are illiterate on numbers and the economy too. I still remember the classic example that a burger chain released a 1/3 pound burger to compete with another chain's 1/4 pound burger, and many people thought the 1/4 pound was bigger... Edit: there are some people saying it's a myth, or not a complete picture. Looks like we don't have the data. But my point is that we aren't very good with numbers or econ…
I’ve always thought this was somewhat apocryphal/a myth. Did it actually occur?
It wasn't revealed at all until the founder's memoirs in 2007, and it wasn't reported widely until this [1] 2014 article.
0: https://awrestaurants.com/blog/aw-third-pound-burger-fractio...
1: https://www.nytimes.com/2014/07/27/magazine/why-do-americans...
For those who were wondering if we would officially be in a recession after November 8 elections, the answer is still "no".
GDP grew +2% in Q3, after declining in Q1 and Q2. Gross Domestic Income (similar to GDP but measured differently) grew consistently the entire year. And unemployment rate has declined consistently every single month and stands at 3.57%. I think it would be hard to thread a needle to call any part of YTD 2022 as a recession with this kind of fact pattern. Only if unemployment rate starts to increase in a dramatic way…
Earlier quoted context omitted.
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 argument being repeated here on HN wasn't that recession might happen in the future (which would be a true statement); the argument was that we've been in a recession since summer, but due to government propaganda and a media conspiracy, it was swept under the rug (which was false).
You just have to roll your eyes at these people. They're too far gone now.
Earlier quoted context omitted.
Many Americans are illiterate on numbers and the economy too. I still remember the classic example that a burger chain released a 1/3 pound burger to compete with another chain's 1/4 pound burger, and many people thought the 1/4 pound was bigger... Edit: there are some people saying it's a myth, or not a complete picture. Looks like we don't have the data. But my point is that we aren't very good with numbers or econ…
I’ve always thought this was somewhat apocryphal/a myth. Did it actually occur?
https://awrestaurants.com/blog/aw-third-pound-burger-fractio...
The 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…
Earlier quoted context omitted.
And to add to your explanation, because inflation jumped so quickly and then slowed we'll eventually hit a YoY number that plummets. If milk is $4/gallon today and still $4/gallon 12 mos. from now, that's 0% YoY inflation. This will inevitably lead to people saying the numbers are fake because milk used to be $2/gallon.
> If milk is $4/gallon today and still $4/gallon 12 mos. from now, that's 0% YoY inflation. Conversely, if there was a one-time jump in a particular item, it will take a year before it gets 'removed' from the inflation numbers. Extremely contrived example: if gas/petrol was $1/L in December 2021 (and generally in all of 2021), but $1.20/L in January 2022, then there will be a 20% YoY jump in inflation for the January…