• JokerOP
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    1910 hours ago

    In my opinion, something is going to break within 6 months.

    The inflation is still high and the danger of recession is still here.

    • SeaJ
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      12 hours ago

      Inflation is down to 2.4%. We are fairly close to the Fed’s target of 2%.

    • @[email protected]
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      33 hours ago

      Inflation is super down, like crazy down.

      What’s going to happen is that the ripple effects of the current good economy will finally hit people a few months into Trumps term, they’ll give him all the credit, then when his policies decimate fucking everything and every poor person, they’ll find a way to blame either democrats or trans people and learn nothing.

    • @ultranaut
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      78 hours ago

      I think it will take longer than that, there’s still a lot of rich people who don’t think Trump will really do the tariffs or the mass deportation. Once it becomes clear that is really happening the economy will likely start getting all kinds of messed up fast.

      Also, as others have told you, inflation is actually low again currently and that is why rates are coming down now. This is the “soft landing” that everyone was talking about, just in time for Trump to take the helm.

    • @[email protected]
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      99 hours ago

      The inflation is still high

      Where are you getting that from? That’s not what the numbers say.

        • walden
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          198 hours ago

          That isn’t an indicator of current inflation. Past inflation, maybe.

          People confuse “everything is expensive” with “inflation is currently high”. It’s an understandable misunderstanding, and part of the reason why Kamala lost.

          • @PriorityMotif
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            -78 hours ago

            It’s because of hysteretic effects from 4 years ago when they stopped production of cars and fewer cars were sold because people were staying home. Then there was a supply chain crisis because of the aforementioned shutdown. It’s inflation because the dollar can buy less than it used to. Things being more expensive is inflation. You’re confusing inflation rate with inflation.

              • @PriorityMotif
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                27 hours ago

                That’s literally the definition of inflation. “Inflation is a loss of purchasing power that reflects a rise in prices for goods and services over time.”

        • JWBananas
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          78 hours ago

          Did you see the used car prices a few years ago? They’re trending downward.

          • @PriorityMotif
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            -47 hours ago

            That’s sales, not prices. Sales are down because prices are up. For $27k I can buy a Toyota Corolla hybrid and almost a Toyota Prius. Used car prices are slightly down because people are trading in crap with 200k miles.

        • Maeve
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          38 hours ago

          Go buy eggs, bread and milk. Better part of a twenty.

          • ThrowawayOnLemmy
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            6 hours ago

            I literally just bought these three items earlier today. I spent 8. High end of $20 is either exaggerating, or you’re buying some fancier foods than me.

            • Maeve
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              -15 hours ago

              These are dollar store brands. $4 milk, 4 bread, 4 eggs, $12+ tax. Location matters, so do food deserts. Last I checked, $12 was more than half of twenty.

              • SeaJ
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                11 hour ago

                That’s a little under $10 where I am in Seattle. No tax on food here. If I feel like driving a little bit to Target, it’s only $8. I definitely know of food deserts though. The town I grew up in only has Safeway and Walmart. The IGA closed down. Looking at prices, they are about the same as they are here which sucks because the incomes are nowhere near what they are here.

                I’m alright with a week of groceries for the four of us choosing $125/wk but I know that is difficult for some.