Economic News Thread | 3Q Annual GDP 2.8%

[CFordUNC]

Damn it. Hate when inflation continues to recede and prices continue to lower.

 

[nycfan]

Clearly not “won” but heading in the right direction.

 

[CFordUNC]

All right, JPow, you’re on the clock

 

[CFordUNC]

 

[UNCatTech]

Damn it. Hate when inflation continues to recede and prices continue to lower.

This is an interesting dynamic. I keep reading how people are hurting. I feel bad for people, especially those with modest income, but there seems to also be a lot of hyperbole in the discussion.

 

[ChileG]

Clearly not “won” but heading in the right direction.

A different opinion (not mine) from earlier in this thread: if prices don’t fall back to 2020 levels then inflation (despite current data) is OUT OF CONTROL!

 

[JCTarheel82]

A different opinion from earlier in this thread: if prices don’t fall back to 2020 levels then inflation (despite current data) is OUT OF CONTROL!

That's the new narrative being spun in the right wing media ecosystem because they know their viewers/listeners/readers are economically and financially illiterate.

 

[rodoheel]

That's the new narrative being spun in the right wing media ecosystem because they know their viewers/listeners/readers are economically and financially illiterate.

In 1960 a can of Coke cost ten cents and now it's $1.59. When will we get inflation under control and return to the low prices we were used to????

 

[heelinhell]

A different opinion (not mine) from earlier in this thread: if prices don’t fall back to 2020 levels then inflation (despite current data) is OUT OF CONTROL!

To get back to 2020 levels would require going through another Trump created pandemic recession.

Let's not go back to that again...

 

[UNCatTech]

That's the new narrative being spun in the right wing media ecosystem because they know their viewers/listeners/readers are economically and financially illiterate.

Exactly.

 

[farce©]

In 1960 a can of Coke cost ten cents and now it's $1.59. When will we get inflation under control and return to the low prices we were used to????

A can of Coke costs $1.59?

 

[Bigs23]

A can of Coke costs $1.59?

69 cents is the average cost.

 

[Milk and Cookies]

69 cents is the average cost.

Nice

 

[Ddseddse]

69 cents is the average cost.

No.

The price was, is now, and will forever be, 55 cents. This is an immutable law of the universe. The price may have seemed lower in the past or higher now, but that’s just a distortion effect similar to redshift.

 

[farce©]

Can you even buy a single 12 oz can of Coke anymore? All the singles I see by the checkout at Target or in vending machines are 20 oz plastic bottles. Soda is not something I typically buy.

 

[Duke Mu]

Clearly not “won” but heading in the right direction.

USA! USA! USA! Good job, all. Hard work is paying off.

 

[UNCatTech]

A can of Coke costs $1.59?

It all depends. If it is at a convenience store and it cold and ready to drink, probably.
At work a can of coke in the vending machine is $1.50, while a plastic bottle 4 ounces more, is $1.75.
Buy in bulk and you can probably get one for around 45 cents, but it's not cold.

 

[Duke Mu]

A different opinion (not mine) from earlier in this thread: if prices don’t fall back to 2020 levels then inflation (despite current data) is OUT OF CONTROL!

That would be deflation. There wasn't deflation after the 1980 recession (inflation + stagnation), or the 1982 recession. Just almost 18 years of prosperity across 3 Presidents..

 

[HandsonFire]

I don't even pay taxes in the US so I have no feeling about the value I get or don't get for taxes paid.

There is a staggering amount of interest being paid out to service the debt created by the federal deficit. That deficit can be attacked by one of two ways, raising taxes or reducing spending.

Nah let’s do nothing and see what happens!!!!

 

[ChileG]

That would be deflation. There wasn't deflation after the 1980 recession (inflation + stagnation), or the 1982 recession. Just almost 18 years of prosperity across 3 Presidents..

Yeah, I was mocking the sentiment, just for the record. I think you knew that but wanted to be clear.