Inflation Expectations Fall to Record Low
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Thread: Inflation Expectations Fall to Record Low

  1. #1
    Grand Imperial Poobah NGF Addict! Mad Scientist's Avatar
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    Default Inflation Expectations Fall to Record Low

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    U.S. consumer expectations for inflation fell to a record low in May, according to the University of Michigan’s survey of consumer sentiment.

    “Consumers anticipated an average long-term inflation rate of just 2.2%, the lowest rate the surveys have recorded since the question was introduced forty years ago,” the survey’s chief economist, Richard Curtin, [Only registered and activated users can see links. ] in a statement.


    This could put pressure on the Federal Reserve to cut interest rates sooner than anticipated. The Federal Reserve says it targets two percent inflation as measured by the personal consumption expenditure price index. So far this year, inflation has been consistently below the Fed’s target.


    The low inflation has come despite widespread predictions that tariffs would push up consumer prices. Instead, the costs of tariffs appear to have been absorbed by U.S. businesses and, to a less extent, China.

    Thank you, President Trump!
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    Senior Member BigNastyCowboy's Avatar
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    That was an easy article to write because[Only registered and activated users can see links. ] is what Americans are concerned about:

    Why A Recession In 2019 Is Possible When Unemployment Is At 50-Year Lows

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    Senior Member NGF Addict! Northtidesix's Avatar
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    The political hacks just don't get it. They are playing ball on President Trumps turf now. the vast majority of the Politicians never worked, owned a business, had to make a payroll for their employees, had to deal with stupid government regulations..... How in the hell can they even try to compete with a man that has made, lost, and again made millions in the real world? He out manuvers them, and by a wide margin out thinks them. I love watching him run circles around the morons on The Hill both Socialist Democrats or Rino Republicans. They are Little League trying to play in the "Majors".
    I understand now why he ran in the first place. He looked at the talent in our government and realized there wasn't any competition there. They are a pack of noisy dangerous morons.
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  5. #4
    Ancient Gaseous Emanation Popeye's Avatar
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    Quote Originally Posted by BigNastyCowboy View Post
    That was an easy article to write because[Only registered and activated users can see links. ] is what Americans are concerned about:
    Really? its what US citizens are concerned about? Or is it what naysayers want US citizens to be worried about?


    The first few lines of the article:

    "By most measures, employment is as strong as it has ever been. For example, initial unemployment claims as a percentage of the labor force are by far the lowest since records started. The May 2018 unemployment rate dropped to 3.8%, a level touched only once since 1969 – on April 2000, just as the stock market peaked before a 30-month-long bear market and the economy fell into a recession.

    Strong economic indicators are always welcome, but they do not guarantee that growth can be sustained."


    Then he goes into a long winded opinion, complete with graphs and charts, concerning how growth will not be sustained. Interestingly enough, he's been preaching economic gloom and doom ever since Trump was elected.
    The difference between a Socialist and a Communist is that the Socialist doesn't have all the guns yet.

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    Senior Member BigNastyCowboy's Avatar
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    Perhaps a [Only registered and activated users can see links. ] that's not so close to opinion? Appreciate that forecasts are always a guess; an opinion of sorts.
    About 67 percent of CFOs surveyed by the Duke University Fuqua School of Business believe the nation’s economy will enter a recession by the latter half of 2020, while close to 38 percent are predicting a recession by the first quarter. About 84 percent, meanwhile, believe a recession will have started by the first quarter of 2021, according to the study, which was published Wednesday morning.

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    Ancient Gaseous Emanation Popeye's Avatar
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    An old, but apropo, saw. Figures lie and liars figure.
    The difference between a Socialist and a Communist is that the Socialist doesn't have all the guns yet.

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    I think most Americans are concerned about the very high cost of "The Affordable Care Act".
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