Quote:
Originally Posted by Wondering
The only media outlets who are painting a bad outlook are the 'Noise" cable networks - Fox, Newsmax One America, and all the other conspiracy, propaganda outlets. Eggs are back to normal prices, gas is in mid $2 range in many areas of the country. Products that are high in price is due to corporate greed - Look at their record profits. They are trying to make up for lost revenue during the pandemic.
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Inflation is up about 19 percent over the last 3 years. Nobody is disputing that. Now, it may be only 3.1 percent. Is that a good thing? Remember, that is measuring the price of a "basket of goods" this year compared to the same basket of goods purchased last year. What we know is that the basket of goods is 19% more expensive today than in 2020. In that context, perhaps 3.1 percent inflation is good but in more normal times it is horrendous. The FED wants it down to a more manageable 2 percent. It is currently 55% higher than that. Nothing to cheer about.