Posted on 01/10/2023 10:10:27 AM PST by Kaiser8408a
As we are painfully aware, inflation is still high at 7.1% Year-over-year (YoY). To cope with inflation, consumers have been gutting their savings and increasing their use of credit. In November, consumer credit increased 7.9% YoY while personal savings fell -64.8% YoY.
The good news? Inflation month-over-month is expected to be 0% tomorrow.
So, inflation will be gone in November?
(Excerpt) Read more at confoundedinterest.net ...
But at least there are no mean tweets.
Bu..bu..but, Kringe Jean Pierre says we have the strongest economy in history. How can this be?
Jo Jo and his freakshow “experts” are saying da ‘conomy B boomin’.
Come on, we know she speaks from personal experience. She’s just bright enough to know that she’s lucky to be employed at such a high wage, actually at any wage. She gotta be thinkin’ all stupid schiffs are doing as well as her.
I have a question regarding inflation, and whether it’s cumulative... ‘cumulative inflation?’.
Basically, if inflation is up 8% for a month compared to the same month a year earlier, and, if that same month a year earlier experienced inflation of 7% from a year earlier (IOW, 2 years ago), then...
is inflation for the most current month a cumulative inflation rate of 15% over the same month 2 years earlier.
Basically, if inflation is calculated on year-over-year basis, why not calculate it on a year-over-2-years basis). IOW, does inflation that occurred the year before become ‘normalized’ and people should only worry about inflation on a year over year basis?
Savings collapsing 64.8%???
That means more gov handouts to those poor folks and that means more inflation.
Inflation is the most egregious and unjust form of a hidden tax. it affects all, but those of the lowest income suffer the most.
The Democrats and Biden have done the bulk of the damage, but spineless Republicans have not lifted a finger to try to stop it.
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