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

[Strijfy]

You have zero idea who the free market works.

If the conditions warrant price drops, then prices will drop.

And any company that doesn't compete will either have to also drop prices or go out of business.

It's amazing how fucking clueless anti-capitalists are.

thats all good in theory , but now that everyone has tasted those profits, it wont be going down.

 

[tastaylvr]

Now that he is in power they will change their minds and say the president doesn’t control inflation and it’s all luck lol

 

[Ezekiel 25:17]

Without Sleepy Joe hitting the inflation button at his desk on the Oval Office, I'm assuming this will happen pretty quickly after Trump is inaugurated!

Itll take about 5 years. So after the first 4, we will have to get the reps in another term to make it happen! I promise!

 

[GrantB13]

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.

 

[I Am Legion]

Inflation takes time. Kamala's plan to stop Supermarkets from gouging during a crisis, when their markup is 2% was absolutely insulting. If the economy puts more money in our pockets until inflation lowers, that is as good a solution as I can see in the short term.

 

[Hdfi]

Inflation will increase in the next years.

 

[Mike]

I'm skeptical. The Biden administration was ass but I think with COVID we would have seen significant inflation no matter what.

But hey at least he acknowledged inflation is actually real, unlike the lying ass Democrats still trying to convince working class people we haven't been getting shit on for five years.

 

[ColemanwastheGOAT]

When was the last time you saw a meaningful drop in the price of groceries?

When Walmart supercentres came to Canada during the Bush II era prices for groceries here dropped massively. Like 30+%

They say it's called 'competition' or some shit.

 

[Hellowhosthat]

When Walmart supercentres came to Canada during the Bush II era prices for groceries here dropped massively. Like 30+%

They say it's called 'competition' or some shit.

Low costs supermarkets already exist in America, do you anticipate another company coming in to lower costs significantly below current prices?

 

[ShadowRun]

Well when he lets people drill for oil responsibly and cutting down on BS regulations. This will increase supply for gas, which will decrease cost to transport produce goods ..

 

[ColemanwastheGOAT]

Low costs supermarkets already exist in America, do you anticipate another company coming in to lower costs significantly below current prices?

I expect if the climate scam bullshit gets rolled back, energy will be significantly cheaper and there will be a knock-on effect to the prices of goods and services, yes.

 

[Mike]

Low costs supermarkets already exist in America, do you anticipate another company coming in to lower costs significantly below current prices?

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.

 

[Hellowhosthat]

I expect if the climate scam bullshit gets rolled back, energy will be significantly cheaper and there will be a knock-on effect to the prices of goods and services, yes.

Cool. We'll check in a year and see what the average price of a cart of US groceries is.

 

[ColemanwastheGOAT]

Well when he lets people drill for oil responsibly and cutting down on BS regulations. This will increase supply for gas, which will decrease cost to transport produce goods ..

Exactly. These fucking guys lmao.

Gas here went from 89 cents a liter to $1.50 a liter after the carbon tax. Yes, scrapping that bullshit will make gas cheaper again lmao

Polievre says he will scrap the carbon tax but time will tell

 

[Substance Abuse]

In general it won't. Some things will from time to time, but not overall. People are fucking stupid.

 

[Hellowhosthat]

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.

I guess if he does follow through with mass deportation (which I kind of doubt) then less people competing for property could bring prices down there a little.

 

[ColemanwastheGOAT]

Cool. We'll check in a year and see what the average price of a cart of US groceries is.

Let's check in in four years. It didn't take the democrats just 1 year to fuck the economy

 

[Hellowhosthat]

Let's check in in four years. It didn't take Biden just 1 year to fuck the economy

We can check more than once if you like, sure.

 

[curryjunkie]

Well when he lets people drill for oil responsibly and cutting down on BS regulations. This will increase supply for gas, which will decrease cost to transport produce goods ..

Isn't oil and gas production at record levels?

 

[ColemanwastheGOAT]

Cool. We'll check in a year and see what the average price of a cart of US groceries is.

And somehow this will be a 'win' for you if the damage Biden and the Dems have done is irreversible?

Shows where your priorities are.