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PPI came in hot this morning. 6% annual.
"Protect your Bitcoin."
PPI came in hot this morning. 6% annual.
Where'd you get the 6% figure? I'm not seeing that reported anywhere.The BLS year over year number is 2.2%.
Month to month was .5 which translates to 6% annual.
back of the napkin projection. you just made up the number.
what do you think economists do?
If you laid all economists out end to end, they still would not reach a conclusion.
Even so, the suggestion that trained economists make projections from one monthly data point is hilarious.
The US economy grew at a blistering rate despite high interest rates
https://www.cnn.com/2023/10/26/econo...gdp/index.html
Washington, DC
CNN
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I expect boomer retirements are going to keep the cost of capital high for the near future. Our super cheap national debt will be refinanced at much higher interest rates.The US economy expanded at a remarkably strong pace in the third quarter, despite interest rates at their highest level in 22 years.
Gross domestic product, a measure of all goods and services produced in the economy, grew at an annualized 4.9% rate in the third quarter, the Commerce Department reported Thursday. GDP is adjusted for inflation and seasonal swings.
That’s well above the second quarter’s 2.1% pace and faster than economists’ expectations of a 4.3% rate.
But, hooray for my retirement account.
Everyone focuses on what the Fed does but interest rates are going to be out of their control as long as we keep running multi trillion dollar deficits. Those bonds have to be sold and the premium investors are going to demand to lock money up for ten years will determine what interest rates will really be. The ten year is what determines mortgage rates and as those keep rising it will up a big part of our economy and pretty well lock out a large part of the population from ever being able to afford a house.
Once upon a time you could take those projections with some degree of merit, then Clinton made President and that ended for goodPERIOD
Unless like now (when they're being paid) to reach said conclusion, RG.
Either teach, or, teach AND wait for a call from the Federal Gov't for a statement about how good/bad the economy is going. "Fine, send the payment over and I'll speak thereafter toot sweet."
"You got it, doc, it's already in there."
"Danka shane."
that train has already sailed, so to speak. (yes that is a play on words/joke)
Time to raise taxes on the rich, who are the ONLY ones to have benefitted measurably from our economy for the last 20 years.
Trickle down my ass.
We are trickling down your ass
classic lib knee jerk response. We don't have a revenue problem we have a spending problem.
why not both
If we're actually going to PAY DOWN the debt, the rich are going to have to have their taxes raised. No more free golf carts.
because taxes are bad, m'kay?
And then housing prices will crash
And then investors will cry for the govt to save them from their bad investments
And then the Fed & govt will try to do it once again
Probably 50/50 chance they fail this time and the unprepared will have to eat their losses
It is both. Too much spending and the middle/lower class isn't paying their fair share.
Well, you democrats need to quit giving free golf carts away, then.
It is humorous that my Obamacarts still bother you.
We forced it on you. Gun to your head.
That said I'm all for closing the candy store for the rich.
Are you?
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