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| Consumer Prices up Again In October (2005408) | |
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| (2005408) | |
Consumer Prices up Again In October |
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Posted by Train Dude on Wed Nov 13 08:50:25 2024 I was raised in a middle class family and blah blah blah. But consumer prices rose 2.6% in October meaning that the biden/harris cah-cah that inflation is moderating is not quite true. The "good" news is that core inflation remained constant at 3.3% as expected. |
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| (2005410) | |
Re: Consumer Prices up Again In October |
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Posted by Peter Rosa on Wed Nov 13 09:16:49 2024, in response to Consumer Prices up Again In October, posted by Train Dude on Wed Nov 13 08:50:25 2024. Inflation is just an annoyance. Unemployment destroys lives. As by many accounts we're mired in the worst job market since the depths of the 2008-2009 recession, inflation is nearly irrelevant.Note: to see what the job market is really like, horror story after horror story, check out the r/jobs subreddit ... but make sure you've got a bottle of antidepressants handy. |
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| (2005413) | |
Re: Consumer Prices up Again In October |
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Posted by Orange Blossom Special on Wed Nov 13 09:50:52 2024, in response to Re: Consumer Prices up Again In October, posted by Peter Rosa on Wed Nov 13 09:16:49 2024. I like recrutinghell personally as I have a thing against HR loser.But I've quit the reddit system and I don't want to relapse. Especially since according to Reddit, VW has nothing to do with Nazi's, but Tesla does. |
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| (2005414) | |
Re: Consumer Prices up Again In October |
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Posted by AlM on Wed Nov 13 09:52:10 2024, in response to Re: Consumer Prices up Again In October, posted by Peter Rosa on Wed Nov 13 09:16:49 2024. As by many accounts we're mired in the worst job market since the depths of the 2008-2009 recessionNo, in fact the job market is good right now. Reddit is anecdotal evidence only, and it is obviously weighted toward the bad news. It won't be so great if the US puts 25% tariffs on all EU goods and the EU retaliates, though. As a partial compensation, plenty of unemployed US workers will get their crack at the agricultural job of their choice. Also plenty of jobs mopping floors in supermarkets. |
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| (2005416) | |
Re: Consumer Prices up Again In October |
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Posted by Orange Blossom Special on Wed Nov 13 10:07:23 2024, in response to Re: Consumer Prices up Again In October, posted by AlM on Wed Nov 13 09:52:10 2024. lolbecause Buyden supercharging Trumps tariff's weren't bad? |
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| (2005428) | |
Re: Consumer Prices up Again In October |
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Posted by Train Dude on Wed Nov 13 13:23:57 2024, in response to Re: Consumer Prices up Again In October, posted by AlM on Wed Nov 13 09:52:10 2024. You are beginning to sound like a one-trick pony. Biden turbo charged many of the Trump tariffs |
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| (2005432) | |
Re: Consumer Prices up Again In October |
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Posted by Peter Rosa on Wed Nov 13 13:38:46 2024, in response to Re: Consumer Prices up Again In October, posted by AlM on Wed Nov 13 09:52:10 2024. I suspect the tariffs are just a talking point and if any increases actually happen they'll be minor.As for r/jobs, I believe it has a disproportionate number of people in tech, and without question that field is in tough shape. |
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| (2005433) | |
Re: Consumer Prices up Again In October |
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Posted by AlM on Wed Nov 13 13:43:21 2024, in response to Re: Consumer Prices up Again In October, posted by Peter Rosa on Wed Nov 13 13:38:46 2024. I suspect the tariffs are just a talking point and if any increases actually happen they'll be minor.Well, that's why Trump got elected, of course. Everything he ever said was just him mouthing off and didn't really mean anything. But everything Harris ever said was put under a looking glass and compared with her entire history since she was in college, and the worst possible interpretation always applied. |
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| (2005445) | |
Re: Consumer Prices up Again In October |
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Posted by Train Dude on Wed Nov 13 14:51:56 2024, in response to Re: Consumer Prices up Again In October, posted by AlM on Wed Nov 13 13:43:21 2024. That's not why Trump got elected.Trump got elected because democrats thought abortion was the most important issue facing Americans |
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| (2005454) | |
Re: Consumer Prices up Again In October |
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Posted by Olog-hai on Wed Nov 13 15:56:02 2024, in response to Re: Consumer Prices up Again In October, posted by Train Dude on Wed Nov 13 14:51:56 2024. That's one reason. |
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| (2005455) | |
Re: Consumer Prices up Again In October |
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Posted by Olog-hai on Wed Nov 13 15:57:09 2024, in response to Consumer Prices up Again In October, posted by Train Dude on Wed Nov 13 08:50:25 2024. LOL, she never was in a middle-class family. |
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| (2005460) | |
Re: Consumer Prices up Again In October |
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Posted by Peter Rosa on Wed Nov 13 17:07:52 2024, in response to Re: Consumer Prices up Again In October, posted by AlM on Wed Nov 13 09:52:10 2024. No, in fact the job market is good right now. Reddit is anecdotal evidence only, and it is obviously weighted toward the bad news.There are a few trends which are reducing the size of the labor force below past levels and therefore are keeping the unemployment rate down: people are staying in school longer, retiring at younger and younger ages (55 is the new 65), and anecdotally at least more women are becoming housewives. |
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| (2005461) | |
Re: Consumer Prices up Again In October |
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Posted by Orange Blossom Special on Wed Nov 13 17:33:30 2024, in response to Re: Consumer Prices up Again In October, posted by Peter Rosa on Wed Nov 13 13:38:46 2024. "I suspect the tariffs are just a talking point and if any increases actually happen they'll be minor."Considering they stripped away a lot of the important consumer goods from the index, it's always higher. |
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