Bleh. Too early for Trump to do anything about it.

Aggie95 said:

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Eggs alone probably make up a significant portion of that……damn bird flu

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Partially. It was still 0.4% excluding food and energy.

BoydCrowder13 said:

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Aggie95 said:

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Eggs alone probably make up a significant portion of that……damn bird flu

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Partially. It was still 0.4% excluding food and energy.

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Anyone know why the price of gas had the highest rate of increase since June? And will it go back down any time soon?

[url]https://www.thestreet.com/economy/cpi-jumps-in-january-stocks-move-sharply-lower[/url]

Quote:

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On a monthly basis, price pressures rose 0.5% higher, faster than the December advance of 0.4%, thanks in part to an 1.8% increase in domestic gasoline prices. It was the highest rate since June.

Egg prices, meanwhile, surged 15.2%, notching the biggest month-on-month gain in at least ten years.

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ttu_85 said:

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As long as debt to GDP is so high it doesn't matter who is in office.

And DOGE is working very hard to change this ratio. Its going to take time. Especially when the leftest and their media are trying so hard to maintain their spending, I mean, money laundering of fed funds.

You gotta kill the cancer before you can cure the patient

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To truly kill all of the cancer, you'll have to hit many on the right, like average citizens, with the chemo. Trump said there would be some pain to be felt, and I believed him when he said it.

Hopefully, every American knows that what affects one side can, and likely will, affect them on their side when things get cut and shut down.

What Trump is doing will make for the most interesting term in history, IMO.

Only thing I've seen said fears about tariffs may have caused prices to spike.

Seasonally adjusted we are still towards the lower end of the graph on gas prices over the last 5 years. People have already forgotten how bad gas prices were 2 and 3 years ago.

Why has bird flu and "depopulation" only occurred during the end of obama's and biden's terms?

Karoline Leavitt blames Biden for egg shortage, but killing infected birds was Trump's policy, too

Of course it's from PolitiFact...

Fed cut rates too soon!

young eugene said:

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Fed cut rates too soon!

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They were just trying to get their girl, Kamala, elected. It didn't work. They should have left the rates there they were. Now we have to endure the recovery a little longer.

JayHowdy! said:

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young eugene said:

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Fed cut rates too soon!

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They were just trying to get their girl, Kamala, elected. It didn't work. They should have left the rates there they were. Now we have to endure the recovery a little longer.

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How much longer is a little longer.

Kenneth_2003 said:

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BoydCrowder13 said:

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Bleh. Too early for Trump to do anything about it.

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That's not how it works.
Trump president? His fault.
Trump not president? Lingering effect of Trump President.

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Unless it's good news and then the opposite.

Crude oil was in the $60's in November and December. It was in the $70's in January. YOY, crude is in the same range it was a year ago.

Gas might be affecting the MOM number, but it's not adding to inflation. And when they put out Feb inflation numbers, it will comparing crude to a point a year ago that was in the same range it is now.

Most of the increase came from shelter costs. Rents are up 4.6% YoY. Vacancies still near lows. We've got a housing issue.

BoydCrowder13 said:

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Most of the increase came from shelter costs. Rents are up 4.6% YoY. Vacancies still near lows. We've got a housing issue.

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aggiedata said:

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Didn't they raise the price of that though? Or maybe they just announced the price hike is coming?

CDUB98 said:

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Inflation will continue to be bad until the spending goes down, and Johnson has already shown zero intent on cutting anything.

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Yeah, inflation won't go down until we stop deficit spending.

$1.50

No plans to change

That and their $4.99 rotisserie whole chicken is the bedrock of their company.

what about the DOUBLE CHUNK CHOCOLATE COOKIE??

Schumer must've never heard of a "lagging indicator" in his economics classes

I mean, he is consistent in his interest rate message.

BREAKING: President Trump calls for interest rates to be lowered.

— Leading Report (@LeadingReport) February 12, 2025

Dirty Mikes Boyz said:

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Schumer must've never heard of a "lagging indicator" in his economics classes

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Schumer puts cheese on an uncooked patty. He has no idea about leading/lagging indicators.

aggiedata said:

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I thought everyone canceled their Costco memberships last week or the week before after their DEI stance.

Or will that not show up until the next month's report with the February numbers?

It's still crowded on Saturday in red Tomball

Dirty Mikes Boyz said:

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Schumer must've never heard of a "lagging indicator" in his economics classes

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lol at someone thinking Schumer took econ classes.

BoydCrowder13 said:

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Bleh. Too early for Trump to do anything about it.

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report is literally from January...

No Spin Ag said:

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ttu_85 said:

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As long as debt to GDP is so high it doesn't matter who is in office.

And DOGE is working very hard to change this ratio. Its going to take time. Especially when the leftest and their media are trying so hard to maintain their spending, I mean, money laundering of fed funds.

You gotta kill the cancer before you can cure the patient

---

To truly kill all of the cancer, you'll have to hit many on the right, like average citizens, with the chemo. Trump said there would be some pain to be felt, and I believed him when he said it.

Hopefully, every American knows that what affects one side can, and likely will, affect them on their side when things get cut and shut down.

What Trump is doing will make for the most interesting term in history, IMO.

---

I really want the DOGE thing to work. I think we are getting close to the point of no return on the debt, if not too late already.

But you're right about having to go through some pain. No way you can cut a trillion+ out of government spending without an initial negative impact to the overall economy.

While I see that DOGE has identified and continues to identify waste, fraud, abuse, corruption and incompetence in how/where the gov't spends money, I have less confidence they will truly be able to "fix" it. As someone who only sees what they are finding through Musk tweets, it seems, at the moment anyway, that the effort is not well organized and a lot of knee jerk reactions. I was hoping they would have a more systematic approach and go through and analyze each dept's budget/spending, identify potential cuts & savings and potential regulation reforms, generate a report and then Trump and the Republicans would have 3 years to implement legislative actions and controls to make the cuts long lasting, make auditing of each gov't agency's spending a regular occurrence, and hopefully make it difficult to ramp gov't spending up again.

A. G. Pennypacker said:

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No Spin Ag said:

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ttu_85 said:

---

As long as debt to GDP is so high it doesn't matter who is in office.

And DOGE is working very hard to change this ratio. Its going to take time. Especially when the leftest and their media are trying so hard to maintain their spending, I mean, money laundering of fed funds.

You gotta kill the cancer before you can cure the patient

---

To truly kill all of the cancer, you'll have to hit many on the right, like average citizens, with the chemo. Trump said there would be some pain to be felt, and I believed him when he said it.

Hopefully, every American knows that what affects one side can, and likely will, affect them on their side when things get cut and shut down.

What Trump is doing will make for the most interesting term in history, IMO.

---

I really want the DOGE thing to work. I think we are getting close to the point of no return on the debt, if not too late already.

But you're right about having to go through some pain. No way you can cut a trillion+ out of government spending without an initial negative impact to the overall economy.

While I see that DOGE has identified and continues to identify waste, fraud, abuse, corruption and incompetence in how/where the gov't spends money, I have less confidence they will truly be able to "fix" it. As someone who only sees what they are finding through Musk tweets, it seems, at the moment anyway, that the effort is not well organized and a lot of knee jerk reactions. I was hoping they would have a more systematic approach and go through and analyze each dept's budget/spending, identify potential cuts & savings and potential regulation reforms, generate a report and then Trump and the Republicans would have 3 years to implement legislative actions to make the cuts long lasting, make auditing of each gov't agency's spending a regular occurrence, and hopefully make it difficult to ramp gov't spending up again.

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I agree. Which is why I wanted them to create an official website and be professional about it and not leave any loopholes. This current effort is a lot of headlines, but I am not sure how much will actually get done.

Chuck Schumer claims that America is waking up to an “era of inflation” under Trump.

Inflation rose in January, but Trump was in office for less than a 3rd of January.

Schumer is fear-mongering. pic.twitter.com/cmm7P2M2wt

— Media Lies (@MediasLies) February 12, 2025

JamesPShelley said:

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Egg prices, meanwhile, surged 15.2%, notching the biggest month-on-month gain in at least ten years.

15.2%? Bull***** That's ****ing democrat math. In the three months I haven't purchased eggs... they went from $2 a dozen to $8. 15.2%? **** off.

10 years? **** off, again.

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Eggs are certainly something I can do without, not on my top 25 things I need to buy. Of course, that is true with many things. Beef prices get too high, I quit buying.