Waiting for Trump to fire the current BLS head. Well, he needs to be consistant. These are bad numbers too.
That wasn’t why he fired the previous one
Probably one more month to “improve.”
Waiting for Trump to fire the current BLS head.
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The BLS numbers have been bogus for decades. It needs to go back to factoring everything in, food, gas, rent, services, etc….but in doing so, revealing the true Inflation rate results in very negative consequences.
“ Effects of High Inflation on Consumer Behavior
Changes in Spending Habits
-Reduced Purchasing Power: As prices rise, consumers can buy less with the same amount of money, leading to a decrease in overall spending.
-Prioritization of Essentials: People tend to focus on purchasing essential goods and services, such as food and housing, while cutting back on non-essential items.
Impact on Savings and Investments
-Increased Savings Rate: Some consumers may increase their savings to prepare for future price increases, leading to a shift in spending patterns.
Investment in Tangibles: High inflation often drives individuals to invest in tangible assets like real estate or commodities, which are perceived as more stable compared to cash.
Borrowing and Debt Management
-Higher Interest Rates: To combat inflation, central banks may raise interest rates, making borrowing more expensive. This can lead to reduced consumer loans and mortgages.
-Debt Repayment Focus: Individuals may prioritize paying off existing debts to avoid higher interest costs, further limiting discretionary spending.
Behavioral Adjustments
-Price Comparison: Consumers become more price-sensitive, often comparing prices across different retailers to find the best deals.
-Stockpiling: Anticipating further price increases, some may choose to stockpile essential goods, leading to temporary shortages in the market.”
That said, the U.S. is trapped, no way out. Lower interest rates, inflation rises. Raise interest rates, US interest on debt explodes, more US debt selling and severely reduced economic activity.
The world is dumping US debt instruments, which finance our governments operation, causes the Fed to buy more debt, which causes our interest payments ( already exceeding $1 Trillion) to go ballistic.
Trapped.
Idiot. These numbers were gathered and tabulated long ago.