Miscellaneous And Off Topic Subjects

[iam416]

Godspeed. Remember, you need to be in the car, too. Thanks in advance!

[THE_WIZARD_]

Mission accomplished

Duly signed,

robinware456

[Dr. Strangelove]

Quick hypothetical....let's say Wizard threw you in a sack, threw the sack in the trunk of car, and then drove the car off the edge of a cliff into a fiery end...wouldn't we all be better off?

Depends. Is it a nice car?

[THE_WIZARD_]

Damn. He got out.

[Dr. Strangelove]

New inflation numbers are good

“Adding in the further sharp slowdown in rent inflation still in the pipeline, it’s hard to see any credible reason why the annual inflation rate won’t also return to the 2% target over the coming months,” wrote Andrew Hunter, deputy chief U.S. economist at Capital Economics.

Including food and energy costs, so-called headline PCE actually fell 0.1% on the month and was up just 2.6% from a year ago, after peaking above 7% in mid-2022. That was the first monthly decline since April 2020, according to Fed data.

PCE inflation November 2023: (cnbc.com)

[iam416]

The problem for The Chairman and his insane decision to own this shit with "Bidenomics" is that the inflation is an aggregate problem. And the solution is aggregate. 2 quarters of promising numbers are great, but if they're on top of 2 years of bad numbers then people still feel it no matter much you tell them they shouldn't.

[Mike]

Right. The massive price increases are slowing down!

[lineygoblue]

Gas was $1.70 per gallon here on Inauguration Day.

$2.85 per gallon today.

Still quite a ways to go.

[THE_WIZARD_]

High fuel prices are a good thing. Petro is evil.

[crashcourse]

over last 10 days went up 30- cents here

I'm kinda with Liney--next year maybe good year to retire

problem is salaries are going up --inflation is eating at iras--don't feel like you should retire too soon if your healthy and making decent money. and you expect to live another 20 plus years

[CGVT]

Gas was $1.70 per gallon here on Inauguration Day.

$2.85 per gallon today.

Still quite a ways to go.

Yep. All we need is another pandemic to keep people off of the roads so gas prices go down.

Jesus

[Dr. Strangelove]

The economy could be gangbusters and there's question whether voters would give Biden any credit at all. But all things considered he'd probably rather have inflation in the "normal" 2%-2.5% range, gas prices below $3, keep unemployment where it is, and get mortgage rates falling. We're now expecting the Fed to cut rates next year by 75 or 100 basis points so that'll help with the mortgages.

Is there evidence people are feeling better? Yes. It's ain't overwhelming, but yes.

Consumer confidence pops in December after a year of recession forecasts (nbcnews.com)

[THE_WIZARD_]

People won't feel good again until everyday items come down in price...and interest rates come down. That is what is killing the pocketbooks of Americans.

[foxhopper]

Where do the do these surveys? In Loonville? Nobody around me is feeling better about anything.

[Dr. Strangelove]

Wisconsin Supreme Court tosses the state's legislative maps as unconstitutional, as expected. Giving the hyper-partisan Wisconsin GOP a lump of coal for Christmas.