Quote:
Rouse spoke to reporters at the White House press briefing Friday, offering some analysis of the recent bad economic numbers for the economy.
She argued part of the jump in consumer prices was a result of a month-to-month spike in used car sales. Used car prices jumped by 10 percent in April compared with March and up 21 percent from a year ago.
“We know that because of the American Rescue Plan, people were buying cars because many people were afraid of taking public transit, which is not good either,” Rouse said.
She also cited a 10 percent price increase in airline tickets, as more people were looking at traveling in the Summer.
Rouse told reporters to expect “some choppiness” in the economic numbers as the country continued to recover from the coronavirus pandemic.
And you keep throwing money out there when there are no goods to buy. So too much money and too few goods, prices go up.
A 21% increase sounds right on the money for used cars.
The used F-150s in the $26,000.00 range are now $31,000.00 a year older with more miles. Prices are insane for used.
The used F-150s in the $26,000.00 range are now $31,000.00 a year older with more miles.
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When I was a kid, you could get a pretty nice house for that kind of money.
Used cars. Yea that’s the reason for inflation. Incredible. And the sheep will repeat this bs.