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Old 05-28-2021, 12:34 PM
 
12,026 posts, read 10,634,576 times
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Quote:
Originally Posted by Tencent View Post
Yeah like how they exclude those who no longer receive UE
RE is excluded from the GDP measures for PCE price deflator. If one thinks fixing the CPI will change the GDP, it will not.
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Old 05-28-2021, 03:38 PM
 
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Quote:
Originally Posted by EDS_ View Post
That's incorrect as well. I'd suggest you study up on U1 through U6, not just U3, and note that LFPR numbers are updated regularly as well.



https://www.bls.gov/lau/stalt.htm

https://www.bls.gov/charts/employmen...ation-rate.htm
Point being why use anything other than U-6? News reporters take U3 Because it's "official".
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Old 05-28-2021, 11:24 PM
 
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Quote:
Originally Posted by Tencent View Post
Point being why use anything other than U-6? News reporters take U3 Because it's "official".
Because people who know what they are doing A. understand and use the resolution provided by U-1 through U-6 B. pay very little attention to reporters in this context.
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Old 05-29-2021, 07:33 PM
 
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Pandemic Pricing is over: Rents are spiking

https://www.apartmentlist.com/resear...onal-rent-data
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Old 05-29-2021, 08:31 PM
 
Location: Flyover part of Virginia
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Quote:
Originally Posted by lchoro View Post
Pandemic Pricing is over: Rents are spiking

https://www.apartmentlist.com/resear...onal-rent-data
Even rust-belt city rents are high: https://www.city-data.com/forum/gene...expensive.html

If cheap rents are disappearing in the Rust-belt, what hope does the rest of the country have?
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Old 05-29-2021, 08:32 PM
 
Location: Flyover part of Virginia
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Here's what's scary- we still haven't fully caught up to Obama era inflation, let alone Trump inflation, and by the time we see Biden's inflation, the USD will probably be confetti!

Last edited by Taggerung; 05-29-2021 at 08:41 PM..
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Old 05-29-2021, 08:56 PM
 
Location: Flyover part of Virginia
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If anyone is expecting the Federal Reserve to combat inflation, don't hold your breath. Not only will they won't, but they can't. Inflation is the only thing this economy has got going for it- without constant inflation, the financial system would quickly spiral into a deflationary collapse- a debt based fiat monetary system cannot function in a deflationary environment, that is why the 1930s was the last time we had a proper deflation. We had sound money back then, if you had a dollar in 1930, it was made of silver. A deflation was tolerable (although painful) back then. A deflation now works be nothing less than excruciating, although it needs to happen. Degenerate, banana republic monetary tactics such as QE, debt monetization, bailouts, "stimulus," etc might be easier politically, but they will cause far more distortion and pain in the long run.
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Old 05-29-2021, 09:19 PM
 
Location: Boston
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As a retired federal employee I'm looking forward to my COLA this year. It's already at 3.1% and rising. Who knows how big it may grow to by October. We got a 9.1 % raise one year when Jimmy Carter was President.
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Old 05-30-2021, 04:57 AM
 
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Quote:
Originally Posted by lchoro View Post
Pandemic Pricing is over: Rents are spiking

https://www.apartmentlist.com/resear...onal-rent-data
It depends where

https://www.nbcnewyork.com/news/loca...highs/3055791/
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Old 05-30-2021, 09:46 AM
 
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Quote:
Originally Posted by skeddy View Post
Who knows how big it may grow to by October. We got a 9.1 % raise one year when Jimmy Carter was President.
I wasn't alive yet but couldn't you get like a 10% one year CD in those days? 12% APR mortgage was a bargain?
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