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Lovie777

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3. And yet the holiday spending will be off the charts . . ..

Reply to mahatmakanejeeves (Original post)

Fri Dec 10, 2021, 10:43 AM

Dec 2021

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US inflation jumps 6.8% in November -- fastest rate in 39 years [View all] mahatmakanejeeves Dec 2021 OP

This gives Manchin all the excuse he needs to not support the BBB. n/t Calista241 Dec 2021 #1

Should be the opposite. Shows he doesn't give a crap about the American people rockfordfile Dec 2021 #9

He knows it's a false ruling. Prices were down everywhere last year... brush Dec 2021 #38

Inflation?? More like GOUGING at every turn.......... Bengus81 Dec 2021 #2

Truth TimeToGo Dec 2021 #6

Exactly. I would like to see this story tied to corporate profits month by month. Midnight Writer Dec 2021 #8

Exactly. OneCrazyDiamond Dec 2021 #15

Perhaps, however I think some of it is making up for lost business in 2020 TexasBushwhacker Dec 2021 #30

And yet the holiday spending will be off the charts . . .. Lovie777 Dec 2021 #3

I wonder if very many people have one of those adjustable rate mortgages? captain queeg Dec 2021 #4

Over the last 20 years Farmer-Rick Dec 2021 #10

With rates as low as they have been you would have to be insane to get one. cinematicdiversions Dec 2021 #11

Adjustable rate mortgages were very big during the years leadinig up to the 2007-8 Housing Bust progree Dec 2021 #18

Just go to any supermarket and you can see increased prices jimfields33 Dec 2021 #5

Inflation rate is different for different people. The BLS has in the past created experimental karynnj Dec 2021 #16

Inflation is much higher for renters than home owners cinematicdiversions Dec 2021 #31

Absolutely true karynnj Dec 2021 #32

So much this. cinematicdiversions Dec 2021 #34

Funny you mention that inflation actually works in your favor when you have a mortgage karynnj Dec 2021 #36

More links here: mahatmakanejeeves Dec 2021 #7

I saw a famous economics professor predict this during the pandemic Farmer-Rick Dec 2021 #12

It's only Charles Koch now. OneCrazyDiamond Dec 2021 #13

I've seen it as friction in the economy and you interestingly highlight opportunism Bernardo de La Paz Dec 2021 #25

Those on fixed income will be so screwed by this GRRRREAT economy. nt yaesu Dec 2021 #14

How many remember the inflation of the late 70s and early 80s? BobTheSubgenius Dec 2021 #17

Anyone remember the Jerry Ford WIN program in 1975? Bengus81 Dec 2021 #20

Yeah but you got a WIN button. cinematicdiversions Dec 2021 #33

It's possible that WIN was just a feel-good program and not a serious attempt to curb inflation. BobTheSubgenius Dec 2021 #37

Yep Deminpenn Dec 2021 #21

The problem is mortgages have been sub-4% for so long it's what the market expects. Calista241 Dec 2021 #39

Rate did NOT jump 6.8% in November. The rate WAS (IS) 6.8% on an ANNUALIZED basis Bernardo de La Paz Dec 2021 #19

At least she didn't use "another", e.g. "Inflation jumps another 6.8% in November" (◠‿◠) /nt progree Dec 2021 #22

It's like the difference in Velocity and Acceleration. n/t MarcA Dec 2021 #23

Exactly. I was editing my post to include that as you were writing yours :) Bernardo de La Paz Dec 2021 #24

CPI Data and increases for the month, for the 12 months ... progree Dec 2021 #26

Thank you! So, year-to-year change. Shows why sometimes looking a level deeper at data is needed Bernardo de La Paz Dec 2021 #27

De Nada 😂 I also just added a look at the 2 year inflation rate: Nov '21 over Nov '19: 4.0% progree Dec 2021 #28

Yes, for years to come 2019 will be a benchmark year, not 2020. . . . nt Bernardo de La Paz Dec 2021 #29

Real average hourly earnings of production and non-supervisory workers progree Dec 2021 #35