Stopped by Mercedes, ADMs are GONE!
12-18-22 | 01:13 PM
#62
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From: PA
These things don’t just happen out of the blue, there are precursors and causes. There is nothing in the economy that would cause an economic downturn like we saw in 2008. Bear in mind the economy is still growing and adding jobs despite the high inflation, and inflation is cooling not continuing to rise.
Jobs are different. Philadelphia Federal Reserve says 10K jobs were added in the US in Q2, NOT 1 million. The labor market is so screwed up. The fact one of the Fed branches even published this report is shocking.
Last edited by LH1; 12-18-22 at 01:25 PM.
12-18-22 | 01:15 PM
#63
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From: Maryland
Thats the target, but average inflation over the past 60 years is between 3.5-4%.
That would needlessly hurt many people. Not going to happen.
Exactly.
12-18-22 | 01:30 PM
#65
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From: PA
Oh I definitely remember when Powell said "transitory" and we all laughed.
12-18-22 | 01:35 PM
#66
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From: Ohio
I'm aware of that and if you look at just the last 20 years you can see why that has been an issue. Half of normal purchasing power is gone
12-18-22 | 01:37 PM
#67
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12-18-22 | 01:38 PM
#68
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From: ON/NY
‘From 1983 to 2022…inflation never exceeded 5%. Now it’s over 5%
Also the strategic petroleum reserve was released. So energy is a little cheaper than it would be if left untouched. Inflation would tick higher
Also the strategic petroleum reserve was released. So energy is a little cheaper than it would be if left untouched. Inflation would tick higher
12-18-22 | 01:47 PM
#70
if you use the post 1980 calculations of what govt used to measure inflation at, its not low. Of course the new adjustments always result in lower than what it would've been previously, convenient
http://www.shadowstats.com/alternate...flation-charts
http://www.shadowstats.com/alternate...flation-charts
12-18-22 | 01:49 PM
#71
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12-18-22 | 01:50 PM
#72
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From: Maryland
12-18-22 | 01:58 PM
#73
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From: PA
It's going to be funny this time next year when Dealers are saying "can you please come in and buy this car?" 
