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Prices are still going up a lot at the supermarket. They are not returning to what they were. Food is becoming crazy expensive.
$26 for an 18 pack of toilet paper. (╯°□°）╯︵ ┻━┻)
But that 18 pack is now "mega jumbo gigantic rolls" which equals 96 regular rolls. Toilet paper math! /s
18 = 36 with 2.5x Ultra Absorb = 84!
Unexpected factorial
Prices never go down (long term) because the state/banking system is constantly devaluing the currency by printing handouts for the already extremely rich.
(... and then people act like crypto is some huge scam.)
People usually think of the wealth gap as an abstraction, but the widening wealth gap very literally means more and more of us can do worse and worse without it being reflected in the overall "economy."
In July, the Consumer Price Index for All Urban Consumers rose 0.2 percent, seasonally adjusted, and rose 2.9 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.2 percent in July (SA); up 3.2 percent over the year (NSA).
The Fed rate isn't coming down with CPI still above 2% over the last 12 mo.
The rate of change of velocity of money is slowing source. There is no soft landing.
Real analysis isn't even necessary. They're outright lying.
You should tell that to the Fed, wall street, PBS, and all the rich people who control the money.
They gonna juice the gambling (djia, nasdaq, crypto, etc) using unemployment as excuse. It's been too long without a massive handout to the already rich.
There's surely some leeway in the momentum of orange fear. But, that fear is primarily rooted in propaganda, not wisdom. The fear is temporary and quite expensive to maintain. The underlying economic and social tension that easily breaks over to meaningful action is ever-present. Such scarcity cannot be ignored by anyone.
this post was submitted on 03 Sep 2024
52 points (91.9% liked)
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