Something must be wrong with these inflation figures, particularly groceries and restaurants, with which I am very familiar. They've got to be in the double digits. And with double digit tariffs, how can overall inflation be so low.
I live near the Canadian border and have the choice between shopping at IKEA in US or Canada. Many IKEA prices are less in Canada than they are in US, and that's before you account for the exchange rate. I assume it must be the tariffs paid by the US stores.
The young and the feckless: a new daytime soap? Rarely if ever have I heard a person, or a person’s actions, described as feckful, but I think that pretty much describes Jerome Powell and his defence. Ditto Mark Kelly.
Now, on economics, what explanations are there for the trend in housing costs? What do we know about distress sales precipitated by re-fi costs or insurance premium hikes?
I’m impressed by the resilience of our economy, in spite of creeping tsunami - actions, which one would think would roil the markets, they ignore and keep climbing up the ladder, no complaints, however, as a historian I tend to see Oct, 1929 in the mirror
Something must be wrong with these inflation figures, particularly groceries and restaurants, with which I am very familiar. They've got to be in the double digits. And with double digit tariffs, how can overall inflation be so low.
I live near the Canadian border and have the choice between shopping at IKEA in US or Canada. Many IKEA prices are less in Canada than they are in US, and that's before you account for the exchange rate. I assume it must be the tariffs paid by the US stores.
Is the government still filling in ‘zeros’ or are we back to complete data?
The young and the feckless: a new daytime soap? Rarely if ever have I heard a person, or a person’s actions, described as feckful, but I think that pretty much describes Jerome Powell and his defence. Ditto Mark Kelly.
Now, on economics, what explanations are there for the trend in housing costs? What do we know about distress sales precipitated by re-fi costs or insurance premium hikes?
Certainly Arthur Burns accommodated Nixon’s wishes.
As I recall when I looked at the numbers back then , M1 was growing
very rapidly ( of course M2 was also feeding into M1 ) but the 72’ election
was something Nixon was afraid he might lose compared to 1960 when
Wm. Martin did not push rates down fast enough for him back then .
As an aside , I would be interested to
hear your take on how going off the
Bretton Woods international gold std.
agreement- led to a decline in the dollar and added to inflation as well .
I’m impressed by the resilience of our economy, in spite of creeping tsunami - actions, which one would think would roil the markets, they ignore and keep climbing up the ladder, no complaints, however, as a historian I tend to see Oct, 1929 in the mirror