Posted on 12/10/2023 1:58:02 PM PST by davikkm
As inflation continues to take a toll on consumers’ wallets, a surprising sentiment is emerging – more than a third of consumers, including new homeowners, are willing to embrace a recession if it brings down soaring prices. This sentiment is revealed in a recent survey conducted by Morning Consult, shedding light on the frustrations of individuals grappling with the impact of prolonged inflation.
With prices on the rise for various goods and services due to inflationary pressures, consumers are becoming increasingly frustrated. The Morning Consult survey indicates that a significant portion, 37%, expressed their willingness to endure a recession if it could lead to lower prices. This sentiment underscores the depth of frustration and the lengths to which individuals are willing to go for financial relief.
(Excerpt) Read more at citizenwatchreport.com ...
Frankly, I’d rather see deflation.
EXCEPT to vote for Conservatives.
You don’t get deflation unless there is a long and very severe Recession / Depression.
Things would turn around if President Trump was back in the White House....
Diesel fuel and gas are needed for farming, transportation and services.
The effects of the debasement of the USD will not be reversed.
WTI is now trading at 71 + per barrel, Brent Crude slightly higher. The dollar seems to be strengthening, too, since gold is at about 2004 per troy ounce, after reaching an all-time high last week. But I suspect that the recession that they’re willing to embrace is already on, which explains the lower prices, not a stronger dollar. The Fed is celebrating this, and is not raising interest rates further, but also not lowering them ‘til March at the earliest.
“The effects of the debasement of the USD will not be reversed.”
What debasement? It’s been in a trading range for many decades.
People don’t understand the ONLY way to break the ack of inflation is high interest rates and the recession that causes.
Of course, that is true only if you have a (at least somewhat) fiscally prudent government. With $2 TRILLION annual deficits, insane government borrowing (and no end in sight), war everywhere, and annual $1 trillion interest charges, inflation will not end.
The government really screwed the pooch when it threw so many out of work in 2020 and threw $5 trillion out to the masses to stay home. This end result was very predictable. You can’t goose the money supply like that AND have a huge contraction in labor productivity without this end result.
The people really screwed the pooch when they let TPTB steal the election and install Biden.
Long ago, when my mother was in high school, ECON was a required course.
When I was in high school, it no longer was and hasn't been since then. And that subject is NOT even offered in any public and in only a very few private schools today.
They haven’t experienced the stagflation in the 1970s.
That’s true and in spades!
It’s always the cost of energy. Fix that.
To those with debt, it becomes their worst economic nightmare.
In the seventies, you couldn’t buy a job. This will be interesting.
Don’t expect it to work quite that way. Stop gping up maybe. Go down unlikely. Deflation might work. Joe really screwed it up this time.
I thought we already were in a recession.
And that is the way it is. Too much money printing. Also too many unproductive mouths to feed. Illegals. They don’t come free.
Going up. Smell check never works when it is needed
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