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Food prices have increased. Neither housing nor contractor costs have decreased.
...as we conclude the third month of the crisis, which essentially hit without warning.
Anyone who really believes prices and markets and things like massive discounts on cars and such would happen in such a short time frame, even if there was certainty about... much of anything, is deluded.
We are just now going to start seeing major shifts, and it's still not predictable which way any marble is going to roll. A year from now, when you are worshiping the 5% of pundits who guessed right, remember that they were just guessing, too.
Food prices have increased. Neither housing nor contractor costs have decreased.
That's right The Dallas Federal Reserve using a metric developed and refined by one of the world's finest technical/research economists and his staff are wrong and you are right.
...as we conclude the third month of the crisis, which essentially hit without warning.
Anyone who really believes prices and markets and things like massive discounts on cars and such would happen in such a short time frame, even if there was certainty about... much of anything, is deluded.
We are just now going to start seeing major shifts, and it's still not predictable which way any marble is going to roll. A year from now, when you are worshiping the 5% of pundits who guessed right, remember that they were just guessing, too.
Except many prices began to fall soon after the shutdown. The next few months will be critical. If we slide into a persistent deflationary cycle the economy will be terrible, especially for the bottom roughly 25% on the socioeconomic ladder and for years.
Food prices have increased dramatically where I live.
The government doesn't count higher food prices as inflation anyway. They will just say you should buy a comparable item for less or go eat out of a dumpster and then deny you a cost of living raise.
The government doesn't count higher food prices as inflation anyway. They will just say you should buy a comparable item for less or go eat out of a dumpster and then deny you a cost of living raise.
That's simply incorrect.
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