Dark Brandon Rules. Inflation is going down* (still high but falling) and gas prices are down 26%

[Botany]

Last edited Tue Sep 13, 2022, 09:32 AM - Edit history (2)

* The rate of inflation

Tuesday’s inflation report could show prices moderating as gasoline and travel costs fall

Gasoline prices are the biggest driver of the decline in energy. Since peaking at $5.01 in mid-June, the national average for unleaded gas has dropped all summer, to an average of $3.71 per gallon Monday, according to AAA.

Markowska expects headline CPI to decline by 0.2%, but sees a rise in core of 0.3%. Shelter is one area expected to rise, while used car prices are forecast to fall.

“I think we’re going to see a repeat in terms of airfares and hotel prices. They dragged down the core CPI last month. It looks like airfares will be down 8%,” said Markowska. “They were up 40% from March to May. We’re just unwinding a portion of that.”

Economists say the base effects of comparing the number to last year are behind the jump in August core inflation.

https://www.cnbc.com/2022/09/12/inflation-report-could-show-cpi-moderating-as-gas-and-travel-costs-fall.html


Best President of my lifetime and he protected this too:

[underpants]

1. Gas prices are a daily indicator for people

It’s a number they see everyday. As it goes down the better it is for everyone but it’s also good for our midterm chances.

[Botany]

2. Great speech in OH last Friday by Joe B.

Dark Brandon "The future of the chip industry is going to be made in Ohio, made in America."
https://www.pbs.org/newshour/politics/watch-live-biden-gives-speech-in-ohio-on-boosting-american-manufacturing


Biden gives speech in Ohio on boosting American manufacturing
Politics Updated on Sep 9, 2022 5:05 PM EDT — Published on Sep 9, 2022 11:18 AM EDT

President Joe Biden is putting the spotlight on a rare bipartisan down payment boosting U.S. manufacturing as he visits the political battleground state of Ohio, and the groundbreaking of a new Intel computer chip facility.

Biden went to suburban Columbus to take a victory lap after the passage of his CHIPS and Science Act in July.

Intel had delayed groundbreaking on the $20 billion plant until the legislation was passed by Congress.

Speaking at the construction site of the new plant, Biden declared, “It’s time to bury the label rust belt and call it … the Silicon heartland.”

[True Blue American]

3. A Great Day For Ohio!

Did you notice how DeWine took off after his speech! Portman was at Biden’s side ans Sherrod Brown was rightly proud. A Union worker friend from the beginning.

[PatSeg]

4. I agree, best president of my lifetime as well

[Botany]

5. And he has put together the best team I have ever seen too.

Look @ Antony Blinken's work with Zelenskyy/Ukraine and our allies do you hear much
from him in the press? No, because he is doing diplomacy and that is done quietly and
by adults.

[Karma13612]

7. Very true.

This admin is working quietly and diligently, not out grandstanding and setting fires.

[PatSeg]

10. I was thinking the same thing

His choices were excellent and it shows in how much they have accomplished in a relatively short period of time. This is a prime example that experience and competence really do matter.

[Botany]

12. Biden like President Obama has picked smart, tough, and strong willed people to work on his team ...

... and the law school professor in him likes when they disagree w/him but when they come out in
public just like when Biden disagreed w/Obama in private they were all on the same page.

Joe has a Rhodes Scholar (Mayor Pete @ DOT) and a Nobel Prize winner (Frances Arnold) on his team.

[PatSeg]

17. I think Obama was an impressive president,

as if he was born to do the job, though I think with a bit more diverse experience, especially in congress, he would have been even better. Few presidents have come to the job with the experience that Joe has.

[Botany]

18. Mitch McConnell saw his job being blocking every single thing President Obama wanted to get done ...

....in order to make Americans hurt so they would take it out on Obama and the Dems even with
all the obstruction and very hostile right wing media working against him but Barack still got a lot done
and Trump rode on the good economy that Obama had left him for 2.5 years.

The one thing I wish President Obama would have done was to have publicly called out the Trump/Russia
connections in 2015 and 2016.

[PatSeg]

27. Yes, it was brutal what McConnell and republicans

did to Obama and I believe that is one area where more legislative experience as well as more relationships in congress might have helped him.

Isn't that the truth that republican presidents tend to ride in on a good economy created by Democratic presidents?

I agree about calling out the Trump/Russia connection, but I understand that it could have been perceived as too political. I wonder if he would have done things differently knowing what he knows now. It is hard to say as he is a very cautious and precise man.

[Botany]

28. During their last days in the White House even though they must have been dying inside ...

... with the coming of Trump they went out of their way to make some children happy.

BTW he thought HRC was going to win so he didn't talk about Trump and Russia.

[PatSeg]

32. Oh yes, there is that

Most people assumed that Hillary would win, so no point in taking unnecessary political risks. I understand the need to maintain the dignity of the presidency. Until Trump, most presidents would have done the same. No one had any idea how truly bad it would get.

What a nice video. Obama was wonderful with children.

[Karma13612]

6. It's actually 26%

The price of gas has dropped by 26% using your two stats.

26% of $5.01 = $1.30

$5.01 - $1.30 = $3.71

😁

$3.71 is great news tho! I paid $3.69 at a pump in one of our rural small towns! I’m surprised we are in the ball park of the national average around here. (NY-21 way up near the Canadian border). We usually are well over the average, but not quite to LA, California standards.

[Botany]

8. Sorry I hadn't had my coffee yet

Botany =

[Karma13612]

30. It's all good!

You are quite forgiven. I can’t function without caffeine!



Oh, by the way:

NO, Botany does not =

[MichMan]

9. Inflation up in August, not down

[Botany]

11. But the rate of inflation is down from previous months

[edhopper]

22. It's a year over year indicator

so if prices were up 8.5% in July over last July, and only 8% in August over last August, it means prices are actually down month over month. It's a .5% decrease.

[Renew Deal]

13. How long before the conspiracies start about Biden driving up gas prices to take credit

When they go down?

[kwolf68]

14. Meanwhile on Fox News

Snickering, the lowering gas prices have nothing to do with Biden, it's the market. The market is correcting in spite of Biden's Marxism

Weee hoooo, those Liberals think Biden has caused the gas prices to go down. How stupid can you be? Liberals, Liberals.


Disclaimer: I don't think Biden has much personally to do with the fall in gas prices, but he DAMN WELL didn't have anything to do with the rise of them either.

[Botany]

15. I have long since given up on trying to make people understand that:

1) Gas prices are in a large part caused by oil and gasoline price futures .... publicly traded commodities

2) Oil companies took advantage of the conditions and were gouging the hell out of people and making
all time record profits.

3) Every House Republicans voted to stop a bill to try to stop price gouging.

[wildman76]

16. Great job Joe 👍👍🙌

[AllaN01Bear]

19. lets go dark brandon. !!!lovely shots of the badlands .

[Botany]

21. That is Grand Staircase Esclante/Bear's Ears Utah... Trump wanted develope it for oil/gas/minerals

n/t

[AllaN01Bear]

23. glad he didnt get his wish. lovely.

[AllaN01Bear]

20. inflation/greed.

[Sympthsical]

24. This wasn't a good report

Unless "It's not getting worse" is considered a good report.

- Gas prices coming down is a good thing (unless you're in California, where they're up 20 cents in the past week to an average of $5.40).

For the average family that is not flying, traveling, or buying a used car, it isn't great.

- Grocery inflation is at 11.1%, the biggest since 1979.
-Rent inflation is at 6.3%, the biggest since 1990 (the monthly increase was 0.7%).
- Medical inflation is at 5.4%, the biggest since 1993.
- Real wages declined in August. They had bumped up a little in July.

It's a pretty picture of the Grand Canyon though. Let's focus on that.

[FBaggins]

25. That's what happens when you start spinning a report that hasn't been released yet

Others might call it "counting chickens before they hatch"

[Sympthsical]

26. Is that what happened?

Ah, I see the time stamps now.

As I did an initial comb through, I was like, "How is this being bragged about? Food and rent are still increasing."

Makes a bit more sense.

I mean, the gas prices coming down is an unalloyed good. No question. But there's some worrying stuff in this report.

[WarGamer]

29. ouch that didn't turn out well.

Something about tabulating chickens?

[Karma13612]

31. Talking about the economy, etc:

I just happened to take an internet stroll over to the stock market and I see it just dropped like a stone (DJI down 3.94% since it opened!!!!!!??????????).

My stomach is so sick of this crap. I have seen my hard earned savings (pension money from two jobs) continue to plummet. I am retired, and this just means I can’t take any distributions now for like 5 years. Why do employers put their employees pensions in the stock market so that all we can do is sit there and see it disappear when things go tits-up????? My pensions are not perpetual, but a fixed amount that once is gone, is gone.

I would have rather they just gave it to me and let me keep it in savings. The stock market might give great returns, somehow. But, when I see my balance drop by a heart stopping amount, I just can’t stomach it. You never know just how much you really have so you don’t know how much you can afford to take out each year. In my opinion, it’s all smoke and mirrors.

There need to be better ways, like a high interest savings account with guaranteed interest that could be used for employees who are happy to get taxed up front and then place their savings in such an account. Like a CD. But, now savings interest is nearly zero. There are no safe savings schemes for people who want to save for retirement. Something where you can see growth, but not have to worry that the principal will disappear. In the stock market, it can. I had no desire to own property or jewels, or other ‘investments’.

I wish Senator Warren would spearhead something like this. The stock market is not the answer.

[Generic Brad]

33. I filled up at $2.98 a gallon this morning!

The price is going down fast where I live.