Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Gravel
Mr. Poopybutthole
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"Miss," but in a good direction, yes?
Seeing lots of talk about that being "deflationary," as if 6% Y/Y is somehow a harbinger of a deflationary spiral or something. It's still fucking 6% which is something a few years ago we would've been like "holy shit how did inflation get so bad?"
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Hateyou
Not Great, Not Terrible
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Bullshit. Buy groceries for an entire family, look at your monthly bill two years ago versus today. I know you’re just memeing but it wasn’t just eggs, not even close.
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Mist
REEEEeyore
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Pork and beef have retreated a lot from their highs. I was just in the market yesterday thinking about how much the price has come back down.
Cereal is super fucked though. I'm thinking anything grain related is going to be fucked for a long time. Fruit is all over the place, some things are super cheap and some things like cherries are stupid expensive.
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Edaw
Parody
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Mist
REEEEeyore
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Gravel
Mr. Poopybutthole
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Yes, we understand why inflation is bad now. Or at least, those of us being honest.
I just meant 6% Y/Y PPI would've been astronomical 5 years ago and people would've wondered wtf happened. But today people are calling it deflationary. It's about perspective. And my point is that 6% is in no way deflationary.
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Mist
REEEEeyore
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Fogel
Mr. Poopybutthole
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No, it's not deflationary. Deflationary suggest things are getting cheaper. What's happening is things are getting more expensive at a slower rate. So its less inflationary, not deflationary.
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Mist
REEEEeyore
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Month-to-month it's deflationary. It is saying things got cheaper this month vs last month, but things are still more expensive this month vs 1 year ago.
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Gravel
Mr. Poopybutthole
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Fair. But month to month isn't really a metric to make any inferences from. There's no trend to look at there. It's just a single data point.
Since year over year is still massively up, we can see a trend that prices are still up, which is inflation.
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Fogel
Mr. Poopybutthole
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Yeah but the price of eggs from yesterday to today was 1 cent cheaper! Checkmate deflation!
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Edaw
Parody
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"This is a situation of disinflation, which is a slowing down of the rate of inflation."
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Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Energy prices had some relief, which is probably why things slowed a little. The core problem is still bad, and with like everyone I know getting raises, oil going back up, and demand nothing close to slowing, the core problem is still there and bad.
Sanrith Descartes
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If INTC keeps dropping this week I might end up keeping my shares I sold calls on that expire Friday.
Mist
REEEEeyore
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What matters is which direction things are going in right now. A lot of policy changes have been made in the past year. A lot of world events have happened in the past year. If the trends we have today continue for 4-6 months, inflation will be in line with normal expectations. The direction of the economy generally lags behind policy by 12-18 months, though can be impacted by real-world-events in near-realtime. So whatever is happening right now is reflecting policy changes that were started over a year ago combined with actual events that occurred in the world over the past year. Continuing to make big policy changes (aka continued tightening) right now could have extremely adverse effects 12-18 months from now at which point it would be too late to reverse them.
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Edaw
Parody
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The AI has a response. (To be fair, I did ask it to be sarcastic.)
It seems to be a bit of an asshole, if you ask me.
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