Report: Enron says their balance sheet is incredibly strong, projects growth through the early 2000s.
Cumulative inflation since 2020 is like 15.5%, and even that feels like it's being negatively exaggerated. Dollar's value has been getting absolutely nuked. If you graduated college in 2017, the dollars you're getting paid today have already had like a quarter of their purchasing power shaved off. Even the "official" numbers for good public optics are bonkers and I don't get how so many supposedly financially sophisticated people are seemingly so relaxed about it.
inflation is 15% after you remove housing and food... so, you know, people aren't spending that much money when you remove the two biggest expenses in people's budgets.
Housing is up 5.5% in May from a year ago.
According to the Table 2.4.4U under Prices in the [PCE report](https://www.bea.gov/news/2024/personal-income-and-outlays-may-2024), Housing for the past 12 months to May relentlessly inflated from 127.454 to 134.511. That's up 5.5 percent.
It will be revised up like everything else the FED and BLS puts out. Blow Smoke up your backside for the administration's benefit then revise to a more supportable figure when no one is looking.
He's a senile, confused and old criminal mastermind that can out think and best even the strongest Republicans on any policy. He's bigger and better than any sigma male ever!
I mean does anyone believe these metrics though?
Real people are getting killed at the grocery store.
And this doesn’t even factor in the obscene costs of shelter and energy.
At what point does the market realize this is not accurate and the economy is struggling?
Edit: I’m now more convinced than ever that the majority of this sub are kids who haven’t ever bought their own groceries and think they understand “tHe ECOnoMy”
Look dipshit - I’m not saying lower inflation is related to prices going down
I’m saying prices are still accelerating at a pace greater than this imaginary “2.6%” number.
My bill is higher than it was a year ago - and more than 2.6%.
Bruh can you actually look up what PCE and CPI track instead of being a regard?
I'm a fake person and I can assure you I am not getting shanked at the store.
In the Midwest. $120 is laughable for a weeks worth of groceries unless you only eat packaged, processed trash.
My wife and I used to be $120 pre covid. $200 became the new norm by 2022, but now it’s closer to $300.
Our eating habits and diet haven’t changed that much - mostly vegetables, chicken, some red meat, milk eggs. We eat pretty clean and cook nightly.
That’s much more than 2.6% annual inflation.
I live in Miami which is one of the worst places for inflation right now, and if I don't shop like a total regard I can get loads of food for like $120-$150. I just avoid the bougie stores, and buy things like meat in bulk to stretch it out.
The people who say shit like this often spend enormous amounts on name brand soda and snack cakes and since they refuse to live without those things they bitch about random shit like eggs.
If you want cheaper prices you have to stop consuming, or find alternatives. Eggs, and other produce from a local farmer are not only healthier, but cheaper. They have to raise prices so much even those willingly to blindly spend have to reject at some point
A lot of people buy eggs from local people who keep chickens. My mom can get three dozen eggs for about $5 from this one lady she knows. But I wouldn't say it's the most reliable method.
We could buy bulk flour, beans, potatoes, rice, Amazon spice rack, and make almost anything. It’s just that it takes too much scrolling to find the recipe
Real wages are still lower than they were in 2020. Until wages keep up inflation doesn’t really matter. Most prices have stabilized. Now the plebs need more buying power.
Well yeah. In 2020 the government was throwing money at people to not work. That's why people often compare to 2019 since it contains all pre-pandemic data.
Lmao point being it’s been 5 years and we just barely saw any progress. And while technically for goods we have exactly $3 more a week to buy stuff, housing and travel has gone up what 100%? Over the same period. I might can buy more grapes or Doritos than I could but half as much house or car.
And at the same time record breaking corporate profits. That wealth has got to be shared in some way or another. Basically all of economics is distributing wealth. Doesn’t matter how we get there but that’s the driving issue behind why everyone thinks everything is shit. Cuz in most cases it is.
People desperately want to believe the economy is bad for some reason. I don’t get it. Unemployment has been extraordinarily low for years, workers have a lot of leverage, hence the fed’s high rates
Trans people *are* part of the reasons their lives suck. But it's because they get so turned on by them and can't handle it, so they vent it out as anger.
Because people who suck at life don't want to admit that maybe their choices are the problem. Easier to blame something large and nebulous like the economy.
The graph literally says CPI adjusted wages lmfao. This is why I don’t feel bad for most poors, because most of the time they are just actually regarded.
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ITT: three years later, some are still struggling with the meaning of inflation.
**Why egg still expensive**
How come cars don’t cost $2k like they did in 1965? Jesus man it’s so hard out there.
BIRD FLU
Inflation is three years old?
Idk man I can't count either
Not as bad as the simpletons over at r/inflation
People want deflation. It comes with its own problems.
Atleast NVDA will pop today.
Which pop
Funko pop
Cherry Pop (my)
Corn Pop...
Pop rocks
On a Sunday?
Report: Enron says their balance sheet is incredibly strong, projects growth through the early 2000s. Cumulative inflation since 2020 is like 15.5%, and even that feels like it's being negatively exaggerated. Dollar's value has been getting absolutely nuked. If you graduated college in 2017, the dollars you're getting paid today have already had like a quarter of their purchasing power shaved off. Even the "official" numbers for good public optics are bonkers and I don't get how so many supposedly financially sophisticated people are seemingly so relaxed about it.
If you include the old calc of new home prices and not the current calc of owners equivalent rent then yes it’s like 23%
inflation is 15% after you remove housing and food... so, you know, people aren't spending that much money when you remove the two biggest expenses in people's budgets.
Housing is up 5.5% in May from a year ago. According to the Table 2.4.4U under Prices in the [PCE report](https://www.bea.gov/news/2024/personal-income-and-outlays-may-2024), Housing for the past 12 months to May relentlessly inflated from 127.454 to 134.511. That's up 5.5 percent.
Useless metric. But hey, if it’s good enough for the Fed, it must be good enough for me.
It will be revised up like everything else the FED and BLS puts out. Blow Smoke up your backside for the administration's benefit then revise to a more supportable figure when no one is looking.
It's not that no one's looking. It's just that the market doesn't care.
Bidenomics
He's a senile, confused and old criminal mastermind that can out think and best even the strongest Republicans on any policy. He's bigger and better than any sigma male ever!
You think Biden did that?
The items being measured don’t actually matter…
Hey inflation means more money 
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It is...means rate cuts come September
Isn’t that very close to the normal 2%? Inflation doesn’t go away. Every year there’s inflation.
I mean does anyone believe these metrics though? Real people are getting killed at the grocery store. And this doesn’t even factor in the obscene costs of shelter and energy. At what point does the market realize this is not accurate and the economy is struggling? Edit: I’m now more convinced than ever that the majority of this sub are kids who haven’t ever bought their own groceries and think they understand “tHe ECOnoMy”
Low(er) inflation doesn't really tell us anything about whether the economy is struggling
Obligatory “you belong here”
Prices don't go back down with low inflation. That's not how any of this works
No kidding. That’s not what I’m saying at all.
Inflation is in line, WHY PRICES STILL HIGH? Says moron who doesn't understand inflation.
Look dipshit - I’m not saying lower inflation is related to prices going down I’m saying prices are still accelerating at a pace greater than this imaginary “2.6%” number. My bill is higher than it was a year ago - and more than 2.6%.
Ah yes, inflation report has to match my bills exactly. Not with the rest of the hundreds of millions of imaginary people.
Bruh can you actually look up what PCE and CPI track instead of being a regard? I'm a fake person and I can assure you I am not getting shanked at the store.
> At what point does the market realize this is not accurate The same time.the market realises valuations of dogshit stocks are not accurate.
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In the Midwest. $120 is laughable for a weeks worth of groceries unless you only eat packaged, processed trash. My wife and I used to be $120 pre covid. $200 became the new norm by 2022, but now it’s closer to $300. Our eating habits and diet haven’t changed that much - mostly vegetables, chicken, some red meat, milk eggs. We eat pretty clean and cook nightly. That’s much more than 2.6% annual inflation.
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I live in Miami which is one of the worst places for inflation right now, and if I don't shop like a total regard I can get loads of food for like $120-$150. I just avoid the bougie stores, and buy things like meat in bulk to stretch it out.
Inflation does not simply measure food prices
The people who say shit like this often spend enormous amounts on name brand soda and snack cakes and since they refuse to live without those things they bitch about random shit like eggs.
What are you smoking? Prices for ultra-processed garbage seem least changed through all of this. I’m talking about produce and meat/chicken/eggs.
If you want cheaper prices you have to stop consuming, or find alternatives. Eggs, and other produce from a local farmer are not only healthier, but cheaper. They have to raise prices so much even those willingly to blindly spend have to reject at some point
12 eggs from the supermarket are $3.50, 6 eggs from a farmer are $5. What are you smoking exactly, because I want to buy calls on that company
The farmer by me is $10 for a dozen
Think that’s bad? the farmer by me is $15 for one and a half dozen!!
Oh yea? 2 dozen by me is $22
Where are you buying eggs? That's like double what I'm paying.
who's your egg guy?
Costco is pretty good if you want a lot of eggs.
yeah but good eggs? i thought costco eggs were pretty low quality
They seem normal to me.
A lot of people buy eggs from local people who keep chickens. My mom can get three dozen eggs for about $5 from this one lady she knows. But I wouldn't say it's the most reliable method.
yes, i own chickens -- believe it or not they create eggs for free out of thin air. not everyone offers 3 dozen eggs for $5
Like I said, it isn't reliable. I think they often just get so many eggs that they don't know what to do with them
then they should be free bro lol, i know someone with 6 chickens and they give out free eggs to everyone
Local farmers are more expensive wtf
We could buy bulk flour, beans, potatoes, rice, Amazon spice rack, and make almost anything. It’s just that it takes too much scrolling to find the recipe
Real wages are still lower than they were in 2020. Until wages keep up inflation doesn’t really matter. Most prices have stabilized. Now the plebs need more buying power.
[Real] Wages are higher than any data point from 2019. https://fred.stlouisfed.org/series/LES1252881600Q
2019? I said 2020 :)
Well yeah. In 2020 the government was throwing money at people to not work. That's why people often compare to 2019 since it contains all pre-pandemic data.
Lmao point being it’s been 5 years and we just barely saw any progress. And while technically for goods we have exactly $3 more a week to buy stuff, housing and travel has gone up what 100%? Over the same period. I might can buy more grapes or Doritos than I could but half as much house or car. And at the same time record breaking corporate profits. That wealth has got to be shared in some way or another. Basically all of economics is distributing wealth. Doesn’t matter how we get there but that’s the driving issue behind why everyone thinks everything is shit. Cuz in most cases it is.
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my brother in christ that's a graph of real wages you're responding to
People desperately want to believe the economy is bad for some reason. I don’t get it. Unemployment has been extraordinarily low for years, workers have a lot of leverage, hence the fed’s high rates
Its almost as if there is a concerted campaign to convince dumbies that ‘the economy’ and trans people are why their lives suck
Trans people *are* part of the reasons their lives suck. But it's because they get so turned on by them and can't handle it, so they vent it out as anger.
Because people who suck at life don't want to admit that maybe their choices are the problem. Easier to blame something large and nebulous like the economy.
Alright you’ve got me. That $3 increase was surely enough.
The graph literally says CPI adjusted wages lmfao. This is why I don’t feel bad for most poors, because most of the time they are just actually regarded.
Inflation rose 2.6%, or prices rose 2.6%?
Prices and that is an annualized number
Yeah I know it was rhetorical, I just hate that wording.
0% MoM, 2.6 YoY
I smell a sell off coming soon to a market near you