3.3% Inflation, R U happy???
 

Why are people happy with 3.3% inflation??

Stock market jumps.
Buy/Buy/Buy.

I guess it's better than 9.9%.

Are you happy??

Yep! But, I try to always be happy. I'm to old to be mad.
🫠😉😊

Nicely put. Stress is a killer.

And thanks for asking!

Nope, not happy at all about prices, even if the reported (and highly massaged) statistic showed zero inflation. The damage has already been done. The stuff most important to us, with inelastic demand, like food, insurance, health care, utilities, taxes, etc… has already gone up way more than any reported statistics indicate and won’t be reversed! The last 3-4 years has been painful from a price perspective.

Also not happy with an economy dependent on excessive debt and low interest rates. We live in a twisted world when stocks do good when we get news showing an economic slowdown, because it gives the Fed an excuse to continue with irresponsible fiscal and monetary policy. Shouldn’t the stock market do well when we get strong economic data, and not vice versa?

Hate to say it................but could we use some Deinflation??

:mornincoffee:

Yes, but inflation is a killer as well.............it's a huge tax.

:read:

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Happy that it's 3.3% rather than 9% or more
Happy that it's near a long term average
Happy that the economy appears to be expanding and not contracting
Happy that most prices are increasing slowly
Happy that businesses will likely be able to increase salaries to cover inflation
Happy that we are not (yet?) experiencing what the doom&gloom group has been predicting for many years.

Absolutely. And it’s not ZERO inflation. Simply that the level did not increase. It’s still, what, 3.3%. And all the dramatic inflation levels from past years still impact prices etc etc. all that is built in. But this is a good sign that things are kind of settling.
But the way D.C. spends, nothing is safe. And the deficit…. Enough already.

:eclipsee_gold_cup:

Until the govt decides we need a balanced budget at the very least, we are on a very slippery slope that our kids and grandkids will have to deal with at some point.

To worry about something I have zero ability to change isn’t how I choose day to day life. Still buy, same things, if it’s more than my grandkids will get less.

It is "transitory" so inflation does not matter. Or so we have been told.

Inflation may be down, but prices are still high.