No, certainly not.
In fact we have been borrowing and spending like Drunken Sailors.
I saw this happening and was concerned during the last administration, and then it got worse than I thought it could.
The piper will be paid one way or another, I dont know when but I am not extremely optimistic for next year or the 10 years after that.
but I should not give anything even kinda like investment advice cause I try to be logical and the markets are not.
No, it is mostly ahead of us.
The all Left all the time media harms the country again.
Like the old Pravda there will be puff pieces, lofty praise, tear jerking stories of people now on the road to financial success due to Biden and the Dem policies and “Ten Ways You Are Better Off Now Than Under Trump.”
RE: Delinquencies on auto loans going up....
Then wait for public transportation, silly people. Stand outside with groceries in 5 degrees in Michigan or 105 degrees in Arizona. If you don’t get mugged or raped to you carry the stuff home.
It is no surprise that it is dropping fast - since we're quickly heading the way of China and Europe into a deep and long-lasting recession.
We never had monetary inflation, as it relates to the global reliance on US dollar for trade. In fact, there's been a massive shortage.
The equities market has turned into a Wall Street casino. The bond and currency markets aren't participating in the "joy" - and neither is the rest of the world.
The retail equities investor is going to get very hurt going forward.
Years of 6%+ inflation doesn’t heal overnight, so no, it’s not behind us.
Domestic oil production has saved Biden’s bacon. Ironically, he can thank Obama for helping to spur private land fracking via restraints on public drilling.
No.
The people who lost 25-30% of the value of their life savings in the past few years are not getting that back, ever.
So no it is not over.
It’s time to buy a wheelbarrow for carrying around some “walking around” money.
Just getting on started.
Inflation? Yes. Still here, still thriving. All utilities for me has gone up. Insurance for home, car and medical have gone up. Takeaways from SS have gone up. FOOD has gone up. Gas went back up after the state moratorium on gas taxes expired.
I have yet to see anything that I pay for actually go down. Figures lie and liars figure. Were Donald Trump in office, media and government goons would be singing a completely different set of lies.
Not by a long shot.
OPEC is going to cut production in 2024, which will raise oil, fuel, and transportation costs embedded within all goods.
There is also Demand-pull inflation which causes upward pressure on prices due to shortages in supply, a condition that economists describe as “too many dollars chasing too few goods.”
Right now we have a fractured supply chain, which is better than the shortages during the heart of Covid, but we still have shortages and disruptions in the supply chain.
At this moment we also have a Baby Boomer population bubble. And while some don't feel rich, Baby Boomers has a significant amount of money invested in stocks, bonds, mutual funds and pension right. They will be selling their stock, bonds, etc. to fund their lifestyle and medical expenses. That means that their dollars will be chasing scarce goods (the definition of inflation).
And the final inflation factor is government policy. Regulations that raise costs or increase taxes are inflationary. It just doesn't look like the government portion of raising the costs of goods is going to slow down.
The past few months have seen a shrinking of the money supply. This will reduce inflation but will also cause a recession. Reagan turned down the money supply spigot but he also trimmed regulations and cut taxes which minimized the pain. With over a trillion dollars spent just to pay interest on the debt recovery is a long way away.
Certainly inflation is NOT behind us in this world, prices are skyrocketing !!!
if the article author lives on Uranus, I can’t say
It’s only an observation.
Last night we went to White Castle. They have those value meals. One is 2 fish sandwiches and small fries with drink for $8. TWO tiny fish sandwiches is an appetizer for me.
Their basic value meal for two is 10 burgers, 2 small fries and 2 drinks is now at $18 dollars.
It’s difficult to remember but I’m thinking under Trump the 10 burger meal was about $10 dollars. These are rural Midwest prices so about as cheap as they get.
I don’t see inflation slowing at all.
The inflation problems to date are behind us obviously but the inflation problems ahead of us start today.
If inflation fell to 0%, it would still take a long time to catch up to the monetary value we lost.
I blame dim-0s trying to appease the 15 dollar an hour burger flipping skulls full of mush.
Trillions of dollars of funny money printed every year have to show up somewhere