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US Wholesale Inflation Rises by Most in 3 Years

bloomberg.com

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Re: US Wholesale Inflation Rises by Most in 3 Years

#41

Post by terminalshort »

nimbius wrote: post #9
isbwkisbakadqv wrote: post #4

2.8% doesn’t seem that crazy to me? Don’t we target like 2-2.5?

According to the Federal Reserve, for many years, inflation in the United States has run below the 2 percent goal. higher prices for essential items, such as food, gasoline, and shelter, add to the burdens faced by many families, especially those struggling with lost jobs and incomes. At the same time, inflation that is too low can weaken the economy. When inflation runs well below its desired level, households and b…

It's our fault for voting in people that can't manage a budget.

Re: US Wholesale Inflation Rises by Most in 3 Years

#42

Post by hiddencost »

pm90 wrote: post #34
BartjeD wrote: post #10

And this is after they massaged the numbers, to avoid getting fired?

I don't think any existing numbers were officially changed, just that the head of BLS was fired.

They fired the head of the BLS because they didn't like the numbers. Explicitly. You kinda have to conclude they're going to cook the books. Like they're doing everywhere else.

Re: US Wholesale Inflation Rises by Most in 3 Years

#43

Post by mapotofu »

ivape wrote: post #21

[flagged]

Yes, stop going to McDonalds altogether and cook at home. For $6 I can get a pack of 4 pack of artisanal and locally made sausages and dip them in mustard for literally the same value, far more food, and 1000x better taste. Stop supporting these poisonous companies.

Re: US Wholesale Inflation Rises by Most in 3 Years

#44

Post by Thorrez »

mark_l_watson wrote: post #13

Over the years I have read a few articles or blogs that make the argument that if government inflation figures in the US were calculated as they do in Europe, then our reported US inflation figures would be much higher. Can anyone here verify this? Our main problems involve under the table unreported to the public military expenditures. If you look at a map of our military bases, we have many bordering China. I think…

If the US dollar was being devalued faster than reported, and the Euro wasn't, wouldn't that be visible in the exchange rate?

Re: US Wholesale Inflation Rises by Most in 3 Years

#45

Post by kevin_thibedeau »

nimbius wrote: post #9
isbwkisbakadqv wrote: post #4

2.8% doesn’t seem that crazy to me? Don’t we target like 2-2.5?

According to the Federal Reserve, for many years, inflation in the United States has run below the 2 percent goal. higher prices for essential items, such as food, gasoline, and shelter, add to the burdens faced by many families, especially those struggling with lost jobs and incomes. At the same time, inflation that is too low can weaken the economy. When inflation runs well below its desired level, households and b…

Gasoline prices are not higher. Above $4 was commonplace across the country 20 years ago. Now that only exists in high tax states and large metros. Gas is cheap in the US.

Re: US Wholesale Inflation Rises by Most in 3 Years

#46

Post by queuebert »

mlinhares wrote: post #18
mark_l_watson wrote: post #13

Over the years I have read a few articles or blogs that make the argument that if government inflation figures in the US were calculated as they do in Europe, then our reported US inflation figures would be much higher. Can anyone here verify this? Our main problems involve under the table unreported to the public military expenditures. If you look at a map of our military bases, we have many bordering China. I think…

Defense stocks are shit to own, you only make money by buying up politicians and landing large contracts.

In other words, comparatively little of their profits are returned to shareholders. Insiders are making money, but the rest of us are shut out?

Re: US Wholesale Inflation Rises by Most in 3 Years

#47

Post by mark_l_watson »

andsoitis wrote: post #16
mark_l_watson wrote: post #13

Over the years I have read a few articles or blogs that make the argument that if government inflation figures in the US were calculated as they do in Europe, then our reported US inflation figures would be much higher. Can anyone here verify this? Our main problems involve under the table unreported to the public military expenditures. If you look at a map of our military bases, we have many bordering China. I think…

> Over the years I have read a few articles or blogs that make the argument that if government inflation figures in the US were calculated as they do in Europe, then our reported US inflation figures would be much higher. Can anyone here verify this? Your question at the end suggests those blogs and articles didn’t include compelling evidence for the case they were making. If true, then it is worth reconsidering whet…

Good point. How do you gather information? I split my time about half each reading US news and news from other countries. There are a few people I find believable like Dr. Jeffrey Sachs and retired congressman Ron Paul (these two guys are quite different politically) and I will listen to each of them once or twice a month, just to occasionally get non-mainstream news viewpoints.

Re: US Wholesale Inflation Rises by Most in 3 Years

#49

Post by ninetyninenine »

nimbius wrote: post #9
isbwkisbakadqv wrote: post #4

2.8% doesn’t seem that crazy to me? Don’t we target like 2-2.5?

According to the Federal Reserve, for many years, inflation in the United States has run below the 2 percent goal. higher prices for essential items, such as food, gasoline, and shelter, add to the burdens faced by many families, especially those struggling with lost jobs and incomes. At the same time, inflation that is too low can weaken the economy. When inflation runs well below its desired level, households and b…

Eh don’t fully blame the fed. Ultimately it’s a constellation of external forces that drives the fed to lower the rates for so long.

Part of those external forces involves consumers in a major way.

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