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US Core inflation level lowest in 3 years

Discussion in 'Too Hot for Swamp Gas' started by citygator, Sep 29, 2023.

  1. g8trjax

    g8trjax GC Hall of Fame

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  2. BLING

    BLING GC Hall of Fame

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    Items that spiked due to supply chain issues (lumber, eggs, etc) pretty much round tripped from their crazy high prices down to normal (or at least normal levels of inflation).

    Otherwise a substantial amount of inflation is tied to wage gains and already baked in to prices. To go negative on the index would likely mean layoffs and business closure.

    Real estate does have plenty of froth, and those gains happened in a pretty quick timeframe, so a correction could theoretically happen without too much pain to the broader economy. Problem is nobody really thinks that’s going to happen, and the longer RE prices stay high then you build portfolios with higher risk (so a correction actually would bring pain to the broader economy… don’t want a repeat of ‘07).
     
  3. coleg

    coleg GC Hall of Fame

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  4. citygator

    citygator VIP Member

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    Charlotte
    I agree with you. Although I am not as worried about housing. There is a national shortage in supply that wont change overnight.


    Housing Shortage Tracker
    CDE18B6B-763A-49C3-8A01-EF7F8B2D7BB4.jpeg
     
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  5. GatorFanCF

    GatorFanCF Premium Member

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    The metaphor is accurate…. you may not like it, which is fine.

    The spin that is put on on behalf of this administration is hilarious. “Great news! Mortgage rates slowing!!!” frequently articles have the silver lining as part of the headline. Republican as POTUS? headlines scream “Ugly side of current economy “
     
  6. g8trjax

    g8trjax GC Hall of Fame

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    Spot on. If the situation were reversed, pub potus would probably have been impeached by now and THFSG would be in total meltdown mode.
     
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  7. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    LOL I remember my first day on THFSG.
     
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  8. AgingGator

    AgingGator GC Hall of Fame

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    I’m saying a prayer of thanks right now that you are not on the Fed BOG right now.
     
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  9. danmanne65

    danmanne65 GC Hall of Fame

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    The oil companies are making about 30 cents a gallon more than they historically have on refining. They are making record profits.
     
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  10. citygator

    citygator VIP Member

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    Charlotte
    Still only insults. Sorry you can’t answer basic questions on your worldview. Almost a shame.
     
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  11. G8tas

    G8tas GC Hall of Fame

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    Kind of like the Republican meltdown with McCain when he said the fundamentals of the economy are strong?
     
  12. rivergator

    rivergator Too Hot Mod Moderator VIP Member

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    I’ve got nothing to say about inflation. I just have a little free time now that I turned off the gator game.
     
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  13. dangolegators

    dangolegators GC Hall of Fame

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    So you're only paying $1575/month with a no-money-down mortgage in the most expensive zip code in Knoxville? What does that say about Knoxville?
     
  14. G8R92

    G8R92 GC Hall of Fame

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    So when does this great news trickle down to Florida where labor is tighter than tree bark and inflation is 2x the national rate?
     
  15. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    that was brutal.
     
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  16. jennalmr

    jennalmr Recruit

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    Inflation is a monetary phenomenon. Biden doesn't have much to do with it.

    As populations decline around the world we will get deflation
     
  17. l_boy

    l_boy 5500

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    Unfortunately Gator scoring is in a state of deflation. I would support emergency hyperinflation measures in this scenario.
     
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  18. l_boy

    l_boy 5500

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    I’d say that analysis is fair - the only difference is the 3% profit taking is a result, not a cause, so I’d probably split that 3% between 1.5% supply constraints and 1.5% demand stimulus.
     
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  19. danmanne65

    danmanne65 GC Hall of Fame

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    IMG_2739.png
     
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  20. danmanne65

    danmanne65 GC Hall of Fame

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    So Exxon has increased their profit over 200 percent during Covid and the Ukraine war.