Inflation slows to 7.1% as economy cools off

[Rambunctious]

 

[JimH52]

NEWSMAX? HA HA HA....THE mouthpiece of lies and conspiracy theories.

 

[pyetro]

Inflation slows to 7.1% for November, another sign the economy is cooling off

Compared to October, the inflation rate fell from 7.7%. It's the second consecutive month it has fallen.

www.nbcnews.com

The Biden administration and the Fed are doing their job. Good times ahead!

Thanks Mr. President.

 

[Muhammed]

He meant it slowed from the last few months.

In other words, inflation is still skyrocketing out of control while real wages for the working class are going way down.

 

[Fort Fun Indiana]

What is that hot garbage?

 

[Rambunctious]

What is that hot garbage?

Something called the truth... too bad your CNN doesn't give you the whole truth....

 

[Fort Fun Indiana]

In other words, inflation is still skyrocketing out of control while real wages for the working class are going way down.

No, sorry. It just means inflation is slowing. Your point is a separate point for you to make.

Real wages have been stagnant or worse for 40 years. Glad to have you on board with true leftism.

 

[Fort Fun Indiana]

Something called the truth... too bad your CNN doesn't give you the whole truth....

A video you never watched by Sean Spicer is "truth"? Thas a special religion you have.

 

[Carl in Michigan]

Inflation slows to 7.1% for November, another sign the economy is cooling off

Compared to October, the inflation rate fell from 7.7%. It's the second consecutive month it has fallen.

www.nbcnews.com

The Biden administration and the Fed are doing their job. Good times ahead!

Look at you, bragging about 7% inflation!

You Biden Voters sure have some high standards

 

[Muhammed]

NEWSMAX? HA HA HA....THE mouthpiece of lies and conspiracy theories.

Can you directly quote the alleged lie in that video and provide evidence and a rational reasoned argument proving that it's a lie, or are you just full of shit, as usual?

 

[C_Clayton_Jones]

Right, because reprehensible Democrats didn't want the same when Trump was president.

If conservatives were truly concerned about the American people, they’d cheer the slowing rate of inflation.

But they aren’t.

Instead, conservatives are upset that by the time the 2024 campaign season starts, the economy will be healthy and strong – benefiting Democrats and President Biden’s reelection bid.

The reprehensible right wants the American people to continue to suffer for purely partisan reasons.

 

[Fort Fun Indiana]

Can you directly quote the alleged lie in that video and provide evidence and a rational reasoned argument proving that it's a lie, or are you just full of shit, as usual?

Spicer said inflation was caused by the stimulus during covid. Lie.

 

[Muhammed]

Spicer said inflation was caused by the stimulus during covid. Lie.

Can you directly quote that particular statement and provide some sort of evidence that it's a lie?

 

[Fort Fun Indiana]

Do you have any evidence that it's a lie?

Besides global inflation? Gee, can't think of a thing.

By the way, I have no idea if Spicey said that or not. Like you and like the fool who posted the hot garbage video, I didn't watch it.

 

[CrusaderFrank]

If government overspending causes inflation, the solution should be:

1. Cut back spending, or
2. Er, have the Fed constrict the economy, drive up interest rates and throw the economy into recession, then cave into pressure and reinflate the economy. Yeah, that’s the ticket!

 

[Fort Fun Indiana]

If government overspending causes inflation, the solution should be:

1. Cut back spending, or
2. Er, have the Fed constrict the economy, drive up interest rates and throw the economy into recession, then cave into pressure and reinflate the economy. Yeah, that’s the ticket!

It is generally accepted that pent up demand, supply issues, and the oil and gas markets have caused global inflation. But thanks.

 

[Muhammed]

Real wages have been stagnant or worse for 40 years. Glad to have you on board with true leftism.

Real average weekly earnings up 0.9 percent over year ending October 2019, 6.9 percent since 2009 : The Economics Daily: U.S. Bureau of Labor Statistics

Real average hourly earnings for all employees on private nonfarm payrolls increased 1.2 percent from October 2018 to October 2019. The increase in real average hourly earnings and a 0.3-percent decrease in the average workweek resulted in a 0.9-percent increase in real average weekly earnings...

www.bls.gov

Real average weekly earnings up 0.9 percent over year ending October 2019, 6.9 percent since 2009​

NOVEMBER 20, 2019
Real average hourly earnings for all employees on private nonfarm payrolls increased 1.2 percent from October 2018 to October 2019. The increase in real average hourly earnings and a 0.3-percent decrease in the average workweek resulted in a 0.9-percent increase in real average weekly earnings over the 12 months ending in October 2019.

 

[Fort Fun Indiana]

Real average weekly earnings up 0.9 percent over year ending October 2019, 6.9 percent since 2009 : The Economics Daily: U.S. Bureau of Labor Statistics

Real average hourly earnings for all employees on private nonfarm payrolls increased 1.2 percent from October 2018 to October 2019. The increase in real average hourly earnings and a 0.3-percent decrease in the average workweek resulted in a 0.9-percent increase in real average weekly earnings...

www.bls.gov

Real average weekly earnings up 0.9 percent over year ending October 2019, 6.9 percent since 2009​

NOVEMBER 20, 2019
Real average hourly earnings for all employees on private nonfarm payrolls increased 1.2 percent from October 2018 to October 2019. The increase in real average hourly earnings and a 0.3-percent decrease in the average workweek resulted in a 0.9-percent increase in real average weekly earnings over the 12 months ending in October 2019.

And yet wages have stagnated for 40 years overall. All you have done is scream to the mountain tops that data is noisy. Okay, but we knew that.

 

[pknopp]

7.1% all alone doesn't say much. Gas is way down (there was never a reason it should have went up) and it has come down. That's great but if the prices for everything up continues to rise people are still going to have a hard time.

 

[Fort Fun Indiana]

7.1% all alone doesn't say much. Gas is way down (there was never a reason it should have went up) and it has come down. That's great but if the prices for everything up continues to rise people are still going to have a hard time.

Very true. Because their wages will not keep pace.