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For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the same time. (xcancel.com)
submitted 4 days ago by yogthos@lemmygrad.ml to c/news@hexbear.net
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[-] ClimateChangeAnxiety@hexbear.net 17 points 4 days ago

Wage growth has been another key leading indicator here.
Wage growth has begun to rebound in many parts of the economy.
These increased labor costs are passed on to consumers which fuels inflation

Okay but I keep being told that wage growth is the only way to deal with the inflation that’s already happened. Even other communists have been telling me “No you definitely don’t want deflation” for reasons I still don’t understand aside from “capitalists are stupid, easily panicked animals” but if wage growth just makes the problem worse what the fuck is there to do besides [REDACTED]

[-] ClimateChangeAnxiety@hexbear.net 13 points 4 days ago

Also I’m still convinced the “problems” with deflation are imaginary and could easily be prevented by just forcing the capitalists to not fuck everything up.

Almost none of the problems that come from deflation actually have a material connection to deflation, it’s almost entirely “But deflation removed the market” which, simply do not allow the market to be spooked.

[-] ClimateChangeAnxiety@hexbear.net 5 points 4 days ago* (last edited 4 days ago)

Wait why is spooked (past simple) cool but removed (3rd person, present simple) isn’t cool? I got reverse sremovedhorped

[-] miz@hexbear.net 5 points 4 days ago* (last edited 4 days ago)

sremovedhorpe

oh wow it does do that

[-] ClimateChangeAnxiety@hexbear.net 5 points 4 days ago* (last edited 4 days ago)

I wonder if it has a list of approved words it won’t do that to? Does sremoved work?

Edit: No it does not

[-] ClimateChangeAnxiety@hexbear.net 3 points 4 days ago

removed removed. Spooked. Spooking? Spooker.

[-] ClimateChangeAnxiety@hexbear.net 2 points 4 days ago

Also why does the slur filter remove a slur for intelligence agents

[-] Zvyozdochka@hexbear.net 1 points 4 days ago

It's a slur for people of color from way back in the day.

[-] ClimateChangeAnxiety@hexbear.net 1 points 4 days ago

Oh jeez really? I’ve never heard it that way, only as a slur for the CIA.

Why is that word a slur for so many different groups? POC, intelligence agents, and ghosts? And also it’s a verb.

[-] Saeculum@hexbear.net 1 points 4 days ago

The way I've always heard it described is that if you are in a deflationary environment, there's no incentive to spend your money today when it will be worth more tomorrow, so it has a dampening effect on consumer spending and investment which is bad for the economy.

[-] ClimateChangeAnxiety@hexbear.net 1 points 4 days ago

Alright let’s do the deflation in one go then. Today eggs will be $6 tomorrow they will be $3, and companies can suck it the fuck up.

[-] Tomorrow_Farewell@hexbear.net 6 points 4 days ago

The only actual serious way of dealing with inflation in the long term is price controls, which westerners have been conditioned to think of as awful.

[-] D61@hexbear.net 6 points 4 days ago

Taxes probably... or a whole lotta [redacted] of business owners involved in the necessities of life having been price gouging since COVID.

[-] RNAi@hexbear.net 9 points 4 days ago

Hehe "peepee"

[-] D61@hexbear.net 9 points 4 days ago

geordi-yes PPI for when you need a break from PPB.

the-more-you-know

[-] Twitches@lemm.ee 1 points 4 days ago

Aside from this x post I don't see an actual source for this in regards to fact checking. I Googled it but nothing. Anyone find any source?

[-] yogthos@lemmygrad.ml 2 points 4 days ago

Just google the numbers for CPI, PCE, and PPI that are officially published. There's no article correlating all of them aside from the post.

[-] Twitches@lemm.ee 1 points 3 days ago

Ok I see thank you. That's interesting. No article, is even more interested.

[-] yogthos@lemmygrad.ml 2 points 3 days ago

Indeed, you would think this would be news worthy.

this post was submitted on 27 Nov 2024
31 points (100.0% liked)

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