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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

#391

Post by s1artibartfast »

eatsyourtacos wrote: post #268
hristov wrote: post #123

Earlier quoted context omitted.

Then buy generic. This is one way to fight inflation. Coke will get the message very quickly if their sales start coming down.

>Coke will get the message Yes, you the single person going generic will definitely send a message to Coke! Hey I get your "sending a message" concept. But you also have to be realistic. Coke is almost literally everywhere you could possibly go. A lot of times it's basically the only option aside from a grocery store. It's popularity is so high and it is to be fair a quality product, that you as the individual are ne…

Why do you think coke cost what it does instead of $10 per can? The price is what it is because people are willing to pay it. If they don't, the price either goes down or the company goes out of business.

Re: US annual inflation declines to 7.7% in October vs. 7.9% expected

#392

Post by debacle »

roflyear wrote: post #179
phpisthebest wrote: post #51

Earlier quoted context omitted.

There was no Anti-Inflation Act, there was a spending... SPENDING bill they claimed would lower inflation because it also included a very limited amount of deficit reduction which 1 week later they had spent like 3 times on new programs including the Student Loan Cancellation which reversed any inflation reduction the original bill could have had (which was nill in the first place)

I wish the political people would go away from HN. The forum is becoming a rough spot.

Discourse on reddit has eroded from brigading and censorship and so this is the result.

Re: US annual inflation declines to 7.7% in October vs. 7.9% expected

#393

Post by prepend »

ceejayoz wrote: post #159
thehappypm wrote: post #139

Earlier quoted context omitted.

People don’t need to make payments, why bother making a payment if its going to get forgiven?

The payment pause on student loans ends in a month and a half (and is a separate program that's been around since the start of the pandemic). The legal battles over the forgiveness program are likely to go far beyond that, and lots of people have loan balances well over the $10k proposed forgiveness.

I’ll be surprised if it actually ends. They said it will super duper definitely end, but there have been many “end dates” over the past two years.

I feel silly because I paid off a student loan during this period and if I had paid nothing it would have been forgiven.

The rational action is to pay nothing as long as possible.

Re: US annual inflation declines to 7.7% in October vs. 7.9% expected

#394

Post by happyopossum »

richiebful1 wrote: post #168
flavius29663 wrote: post #149

Earlier quoted context omitted.

You can't blame US inflation on the Russia war, this is a DNC misdirection. For the US at least, it should be a minor factor. The US were trading very little with Russia to begin with, even before the war. Russia's economy before the war was still smaller than California, New York or Texas. Waging economic warfare on a medium economy like that should not wreak the US, Europe or the World economies.

Agreed with one caveat: energy. Some countries in Europe depend on Russian gas for a significant percentage of their energy. Europe is desperate for LNG and is outbidding other gas importing nations, driving up prices.

Yet natural gas prices here in the US slumped last month…

Re: US annual inflation declines to 7.7% in October vs. 7.9% expected

#395

Post by massysett »

Green_man wrote: post #336
la64710 wrote: post #333

Earlier quoted context omitted.

Which businessman in their right mind will decrease the price of their products because of cost decrease? Not unless there is intense competition. Because of that for large scale monopoly business like commodities once the prices go up it may not come down again.

I may be missing something, but if there is no competitive pressure/monopolistic market, why would these businesses need the excuse of inflation/cost increases to increase their prices? Wouldn't we expect prices to have gone up before inflation? Or is this a specific criticism of a regulatory blind spot for reigning in market power? Monopolies can get away with price increases now, but they wouldn't normally?

The argument is that they had market power before, but were afraid to exercise it for political reasons or because they feared enforcement action. Now, with inflation, the company has an excuse to raise prices, but now they're raising them only partly due to increased costs, and partly as an exercise of their market power.

Re: US annual inflation declines to 7.7% in October vs. 7.9% expected

#396

Post by staticfish »

cglace wrote: post #329
hhjinks wrote: post #299

Earlier quoted context omitted.

Generic brands often don't come in aluminum cans, assuming the industry rumours are true.

Care to elaborate?

I'm guessing parent resides from the UK or Europe. Mostly "own brands" here come in 2 litre bottles

Re: US annual inflation declines to 7.7% in October vs. 7.9% expected

#397

Post by prepend »

tomcam wrote: post #210
thehappypm wrote: post #139

Earlier quoted context omitted.

People don’t need to make payments, why bother making a payment if its going to get forgiven?

I would bother to make my payments because I would feel like shit if I took that much money from the American taxpayer without paying it back.

I don’t think that’s how interest works.

The government stopping charging interest. They don’t care if you pay or don’t. You aren’t taking any money from the taxpayer.

Also, the “taxpayer” charged me 6% internet when the prime rate was 2%. Did it make you feel like shit because you, the taxpayer, were gouging student borrowers?

The discussion isn’t about never paying back. The discussion is about not paying back during the 0% interest period when the gov asking not to pay back.

Re: US annual inflation declines to 7.7% in October vs. 7.9% expected

#398

Post by whimsicalism »

rank0 wrote: post #377
tomcam wrote: post #210

Earlier quoted context omitted.

I would bother to make my payments because I would feel like shit if I took that much money from the American taxpayer without paying it back.

And you’d be a sucker for not taking tax credits the government has legally granted you. It’s the governments fault for making terrible loans and forcing taxpayers to absorb the risk. Don’t be mad at people for receiving…be mad the government is offering!

My partner and I make $420k gross. it's ridiculous the government is offering us another $20k because we graduated school in the last 2 years. still going to take it, of course, but simply bad policy.

Re: US annual inflation declines to 7.7% in October vs. 7.9% expected

#399

Post by phpisthebest »

Aunche wrote: post #293
eatsyourtacos wrote: post #262

Earlier quoted context omitted.

I guess I must be wrong, but I'll never understand why Coke needs that much advertising. Or anything "that well known". The argument is maybe they are that well known because of advertising, but I just don't think that's the case. Maybe for a crappy product, but not a good product. With Coke it's the quality (and consistency) of the product. I've never tasted anything "as good" as Coke. A new fresh cold can has a bit…

In blind taste tests, Coke performs about as well as Pepsi. However, people still overwhelmingly seem to like Coke, so it's really because they like the brand. If they reduced advertising, their brand will slowly be eroded.

I dont know if I am alone but for me I prefer Bottled Pepsi over Bottle Coke, but Fountain Coke over Fountain Pepsi

I also prefer Mt. Dew over them all so....

Re: US annual inflation declines to 7.7% in October vs. 7.9% expected

#400

Post by whimsicalism »

prepend wrote: post #397
tomcam wrote: post #210

Earlier quoted context omitted.

I would bother to make my payments because I would feel like shit if I took that much money from the American taxpayer without paying it back.

I don’t think that’s how interest works. The government stopping charging interest. They don’t care if you pay or don’t. You aren’t taking any money from the taxpayer. Also, the “taxpayer” charged me 6% internet when the prime rate was 2%. Did it make you feel like shit because you, the taxpayer, were gouging student borrowers? The discussion isn’t about never paying back. The discussion is about not paying back duri…

the govt is forgiving $20k/per person with pell grants of loans.
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