Economy So when do prices revert back to pre-pandemic levels?

cooks1 said:
Never. Inflation was a GLOBAL issue years in the making with ridiculously depressed interest rates for an extended period. Then COVID and the subsequent Supply Chain issues came along and racheted the whole thing up several notches. Every nation on earth has been dealing with it, and the US did far better than most. It's quite ironic that the issue that did them Dems in more than any other was actually something they handled quite well.

Prices may trickle down, but they will never get back to prepandemic levels.
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GrantB13 said:
I'm 99% convinced nothing will change. Inflation is down to pre covid, jobs are up, wages are up, the markets are at an all time high. Yet things aren't cheaper. Why would a company go back to charging less for something? I just really don't see this happening significantly. Maybe your eggs will be $0.25 cheaper but the "my grocery bill doubled" isn't going to go back to how it was. Hopefully I'm wrong.
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Mike said:
In fact the grocery sector is very crowded and competitive already. The real problem is housing prices, not food. Too many people are paying around 50% of their income on rent.

And places like where I live there just isn't enough housing period, so they can charge high rates for renovated motel rooms and the like.
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These are the real answers.
 
Who cares how the economy affects me personally, some media outlets are reporting the economy is already better than it was 48 hours ago.

I should believe them, my personal experience doesn't supersede what I'm being told by the media.
 
SKYNET said:
Who cares how the economy affects me personally, some media outlets are reporting the economy is already better than it was 48 hours ago.

I should believe them, my personal experience doesn't supersede what I'm being told by the media.
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You just fucking know the Dems are going to try to take credit for it too lmao
 
plataoplombo said:
My understanding are that tariffs aren't generally a good thing. Maybe a better idea would be to see how American companies can compete better.
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We should raise taxes on them until they’re competitive
 
Prices aren't going to change because companies aren't going to forfeit any profit. Gas will fluctuate normally but not by much. We're drilling record amounts and nothing changed.

If you're upper middle or well off you'll be doing great for yourself. Average Joe/Jane should not expect anything. That's how I see it. I'd love to wrong tho.
 
curryjunkie said:
Isn't renewables energy cheaper? It certainly is in Europe, and the prevalence of wind farms in Texas , a traditional oil state seems to indicate so.
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No, not even close. If a government puts their hand on the scale through taxes and incentives maybe they can make it appear that way but that's robbing Peter to pay Paul.

Renewables also don't produce nearly enough energy
 
Seano said:
Yeah, I went to the store this morning and eggs were still expensive. Fuck you Trump.
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That line of thought is unironically what won Trump the election.

Brampton_Boy said:
People never understood that the inflation was independent of any administrative decisions. COVID stimulus spending, prolonged periods of near zero interest rates and supply chain disruptions from the pandemic drove prices higher globally. Virtually every country in the world experienced near double digit inflation over the past four years (Japan being the only notable exception)

It is unlikely that Trump has the ability to do anything meaningful to address inflationary pressures and bring prices back down. His victory actually had a detrimental impact on bond markets and yield have jumped to 4.5% (up 120 basis points in just over a month). Despite the fact that the Fed is signalling that they intend to drop interest rates, the treasury market doesn't believe they will have enough of an effect to stop Trump from driving up national debt.
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You forgot price gouging.
 
curryjunkie said:
Isn't renewables energy cheaper? It certainly is in Europe, and the prevalence of wind farms in Texas , a traditional oil state seems to indicate so.
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No. They only appear cheaper because we never count the full cost of renewables plus we subsidize the shit out of them. For example, all renewables other than hydro require backups in the form of natural gas powerplants or pumped hydro/battery storage, those backup sources are never counted in the cost. Nor is the electrical grid control system needed to keep everything stable, or the DC/AC converters that are used to hook them up to the grid. Then there's subsidies, we subsidize the shit out of renewables both directly with construction & licensing grants and also indirectly via carbon credits which not only make renewables cheaper to run but also tax the shit out of conventional energy sources making them more expensive. And finally, renewables also get priority in terms of feed-in to the grid, which means they get to sell their electricity to the utilities at the best possible price.

Take all those advantages away and the cost of renewables goes up several times.
 
Hellowhosthat said:
When was the last time you saw a meaningful drop in the price of groceries?
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When cost of gas drops significantly for a while, grocery prices do go down. This time around, prices have been brutal for a while and i think a lot of folks have accepted being poorer, less spending power.
 
Mike said:
In fact the grocery sector is very crowded and competitive already. The real problem is housing prices, not food. Too many people are paying around 50% of their income on rent.

And places like where I live there just isn't enough housing period, so they can charge high rates for renovated motel rooms and the like.
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Live elsewhere or in a smaller home. People have a tendency to bunch up…..

Prices go up, inflation, property taxes, insurance, property managers, landlords are not simply going to eat it, they pass on the costs when they can
 
chardog said:
Live elsewhere or in a smaller home. People have a tendency to bunch up…..

Prices go up, inflation, property taxes, insurance, property managers, landlords are not simply going to eat it, they pass on the costs when they can
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I'm not talking about home prices. I'm talking about the prices of the very cheapest one bedroom apartments in the ghetto. The rates on those have risen from around $800 to $1300+ the last five years. Homes here are now approaching half a million, so those are well out of reach.

I've already moved across the country for better work and lower cost of living twice. And roommates are only a solution if you're very young or know someone very well. My last living situation was with a best friend that is now someone I would beat the fuck out of on sight.

Too many people don't act right and aren't financially responsible for roommates to be a good idea long term.

We should probably just do something about people living in motel rooms for $1200 a month because it feels really egregious.
 
ColemanwastheGOAT said:
No, not even close. If a government puts their hand on the scale through taxes and incentives maybe they can make it appear that way but that's robbing Peter to pay Paul.

Renewables also don't produce nearly enough energy
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oh i guess everybody worldwude is wrong then...good talk..
 
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