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You listen to Fox for unbiased coverage? Same people who sold you Iraq war… Same people who hated Trump, first to call it for Biden, supported Ukraine War?
You listen to Fox for unbiased coverage? Same people who sold you Iraq war… Same people who hated Trump, first to call it for Biden, supported Ukraine War?
2.7% core inflation is real or not?
Not real.
The core inflation rate year over year was only 2.6%.
So? What does that have to do with Fox News?
They didn't come with that number. They are just reporting it.
Deflation is a hallmark of classic downturns.
TheAntiPanicanLearingCenter says
Deflation is a hallmark of classic downturns.
True, as that means a deflationary spiral. Buyers will remain on the sidelines and prices will spiral down.
Townhomes here in Panama City Beach that are priced at least 20% below the all time high prices set in 2022 are now selling.
The market here from 2023 to 2025 essentially was frozen with a 30 yr mortgage rate at least 7% and homes still priced as if it is early 2022.
It’s weird man, everyone just assumes a bailout and perm inflation. I don’t think it’s a good thing.
AD says
TheAntiPanicanLearingCenter says
Deflation is a hallmark of classic downturns.
True, as that means a deflationary spiral. Buyers will remain on the sidelines and prices will spiral down.
Townhomes here in Panama City Beach that are priced at least 20% below the all time high prices set in 2022 are now selling.
The market here from 2023 to 2025 essentially was frozen with a 30 yr mortgage rate at least 7% and homes still priced as if it is early 2022.
In late 70s to end inflation fed raised rates sky high. We didn’t die of “deflation spiral”. Everyone whined, but we were fine. Buying a house wasn’t considered permanent cash cow. Today everyone is so leveraged into inflation, that price corrections are emotionally unacceptable. What do you mean my stocks don’t go up by 10%, where are the guarantees!! That’s literally attitude today.
It’s weird man, everyone just assumes a bailout and perm inflation. I don’t think it’s a good thing.
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In Canada the government with its controlled media, whipped up Canadians into an anti-American frenzy. They pushed not buying US products, booed the US national anthem and even had its hockey team attack the US team. Nothing happened to deter the Fentanyl. Whay do you think is going to happen now that the month is up ????
In Mexico, there was a push for cartel friendly laws and a prohibition on using GMO corn (an American product). What the fuck do you think is going to happen ???
Their respective currencies are going to look like toilet paper and that's just the start.
For China. They didn't do anything about the Fentanyl, so they get an extra 10% tariff with the thought of more to come if they don't get a move on.