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CNYHarris

(113 posts)

58. It shows similar to the Trump 2010s

Tue Aug 12, 2025, 10:54 AM

Aug 12

Last edited Tue Aug 12, 2025, 11:26 AM - Edit history (1)

I would guess that is adding those outside the labor market.

It shows millions left the labor market during the Bush recession and never return to get a job. Lived with parents or friends = unemployed.

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Consumer prices rise 2.7% annually in July, less than expected amid tariff worries [View all] BumRushDaShow Aug 12 OP

Let the RW crowing begin. 🙄 underpants Aug 12 #1

Inflation is STILL rising and not falling BumRushDaShow Aug 12 #3

Right. Three month trend except for one outlier month. And the incrementation is growing, not receding. NT Mike 03 Aug 12 #6

The last CNBC update included the core at 3.1% vs expected 3% BumRushDaShow Aug 12 #8

I wouldn't say this is good. Mike 03 Aug 12 #5

I suspect spending has dropped due to layoffs bucolic_frolic Aug 12 #2

The importers/wholesalers and some retailers are still eating it BumRushDaShow Aug 12 #11

This is not a good report Johnny2X2X Aug 12 #4

They must not be measuring groceries. Looks like BLS has already been Trumpified. SunSeeker Aug 12 #7

Yep.................... Lovie777 Aug 12 #13

Yup. Went shopping yesterday. First time in 2 weeks. Biophilic Aug 12 #16

Exactly. Every time I buy groceries, I pay more...a lot more. SunSeeker Aug 12 #22

I guess the Fed will cut rates next month, but I do believe we'll hear some really Mike 03 Aug 12 #9

I believe there will be a new UE report (for August) BumRushDaShow Aug 12 #12

Remaining FOMC meetings in 2025: 9/17, 10/29, 12/10 progree Aug 12 #18

They will have a load to comb through before 9/17! BumRushDaShow Aug 12 #27

Unfortunately this has no credibility so I can't believe it's accurate Bluestocking Aug 12 #10

Which way is it off? gab13by13 Aug 12 #14

For one thing, it claims grocery prices are down. Total and utter bullshit. SunSeeker Aug 12 #23

more specifically, it's claiming the rate at which grocery prices are rising is down cadoman Aug 12 #55

Yes, of course. But the headline implies prices stayed steady. nt SunSeeker Aug 12 #72

Nope. "rise 2.7 pc" is not steady. If they rose 0 pcent + or - a tad, that would be steady. . . nt Bernardo de La Paz Aug 12 #75

Nope. US Federal Reserve considers that just a tick above steady cadoman Aug 12 #78

There is a difference between "steady" and the Reserves "dual mandate" Bernardo de La Paz Aug 12 #86

When the average American sees the words "less than expected," they think prices aren't rising much. SunSeeker Aug 12 #80

in all fairness I did have to look it up cadoman Aug 12 #84

Well, then, the average American should acquire the habit of reading what is actually printed Bernardo de La Paz Aug 12 #85

Sadly, we tried what you're suggesting. It didn't work. nt SunSeeker Aug 12 #87

Graphs - not a bad CPI but a hot Core CPI . Very different graphs. progree Aug 12 #15

Good morning! BumRushDaShow Aug 12 #17

The food at home (groceries) index fell 0.1 percent?! What bullshit! SunSeeker Aug 12 #21

Did you notice that food prices were flat? sinkingfeeling Aug 12 #19

Not when I bought groceries this week! Those inflation numbers are off. SunSeeker Aug 12 #25

The report is for the previous month BumRushDaShow Aug 12 #29

I wish you had gone with a different source, that CNBC headline is misleading. SunSeeker Aug 12 #42

CNBC has been pretty good with their headlines and usually doesn't spin them BumRushDaShow Aug 12 #54

Tariffs have kicked in sporadically but definitely on some food products JT45242 Aug 12 #20

I see very high OJ and beef, but oddly enough cheap tomatoes and berries? cadoman Aug 12 #77

I hate the smell of Sharpie in the morning. twodogsbarking Aug 12 #24

Unreliable stats. Plus the tariffs haven't really kicked in yet Ritabert Aug 12 #26

Better data here: CNYHarris Aug 12 #28

No. BLS still run by professionals. I won't trust BLS after tRump gets his toadie installed, but we're not there yet. nt Bernardo de La Paz Aug 12 #33

They were cooking the books long before Trump CNYHarris Aug 12 #36

No. Doubt you can present credible links as evidence. Reflexive cynicism clouds judgement. . . . nt Bernardo de La Paz Aug 12 #39

Evidence CNYHarris Aug 12 #40

That's not evidence. Economists as a profession made big changes to GDP in 80s and 90s. Bernardo de La Paz Aug 12 #44

Big changes caused this CNYHarris Aug 12 #46

More big changes are soon to arrive CNYHarris Aug 12 #47

You make some really imaginative assertions Torchlight Aug 12 #74

Not particularly credible and it doesn't support your Reagan claim Bernardo de La Paz Aug 12 #48

Post removed Post removed Aug 12 #56

If the numbers are supposedly so bad, why didn't Clinton, Obama and Biden fix the system? Bc they are not so bad. . . nt Bernardo de La Paz Aug 12 #63

If you let AI do your thinking for you, no wonder you endorse fringe theories. . . . . nt Bernardo de La Paz Aug 12 #64

This is all I need to know about how seriously to take that website Wiz Imp Aug 12 #59

OMG. That data is absolute garbage. The guy is a lunatic. Wiz Imp Aug 12 #51

It shows similar to the Trump 2010s CNYHarris Aug 12 #58

It's absolute garbage. Pure and simple. Not to be taken seriously. Wiz Imp Aug 12 #60

Trump and bush caused tens of millions to leave the labor market after abandoning looking for a job CNYHarris Aug 12 #62

The forgotten CNYHarris Aug 12 #66

The numbers are garbage pure and simple. You do yourself no good by trying to defend Wiz Imp Aug 12 #67

Let's not be so hasty. The guy has definitive proof on the location of Atlantis. mahatmakanejeeves Aug 12 #61

He's also a grifter - I remember once tracking down one of his claims, I think on the "real" unemployment rate progree Aug 12 #65

So I guess Obama "cooked the books" as well. Wiz Imp Aug 12 #53

See here CNYHarris Aug 12 #57

You have no idea what you're talking about. You're just flat out wrong. Wiz Imp Aug 12 #43

BLS is now run by intimidated professionals who know what's expected. thought crime Aug 12 #68

They have an open book on how they compute the numbers and economists routinely double-check them Bernardo de La Paz Aug 12 #70

This message was self-deleted by its author onenote Aug 12 #83

It is called fake it until you make it CNYHarris Aug 12 #30

The entire economy WAS revolving around US in trade. After tariff war, countries like Canada are looking elsewhere. . nt Bernardo de La Paz Aug 12 #32

It was revolving around China and Europe CNYHarris Aug 12 #35

No it was not. US trade dwarfs other countries. Plus trade includes services, not just manufacturing. . . . nt Bernardo de La Paz Aug 12 #37

total BS CNYHarris Aug 12 #41

Wow. That time laps graphic is brutal. nt SunSeeker Aug 12 #45

China and the EU27 beat the US in total exports CNYHarris Aug 12 #49

Land does not trade, people do. Lots of area in small countries. Look at the big economies. Russia is declining. Bernardo de La Paz Aug 12 #52

Yeah. All the small countries. That does not prove your point. . . . . nt Bernardo de La Paz Aug 12 #50

Would you watch NFL games if opponents of Philly owned the refs CNYHarris Aug 12 #34

Fed focuses on the core. It's up 3.1 pc yr on yr. That should be the headline. 3.1 percent is not "inflation is tamed".n Bernardo de La Paz Aug 12 #31

Media would be skewering Biden if this report happened under him Johnny2X2X Aug 12 #38

I Expect These Numbers Will Be Revised Upwards In Future Months DallasNE Aug 12 #69

The main CPI is only revised annually Wiz Imp Aug 12 #71

That's why BLS does massive survey & real calculations. A single item is not significant even if it rose 100 pct. . nt Bernardo de La Paz Aug 12 #76

Yesterday I paid $28 for 5 lbs of ground beef at Costco kimbutgar Aug 12 #73

I expect the August report (which comes out September 11) will be very interesting progree Aug 12 #81

When was the last time you bought ground beef? onenote Aug 12 #82

Sure. Scrivener7 Aug 12 #79