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NickB79

(19,564 posts)

38. Deflation from lockdowns

Reply to Mad_Machine76 (Reply #33)

Wed Apr 10, 2024, 02:35 PM

Apr 2024

Gas prices were $1.50 because half the country was at home, and that's all a lot of people remember, it seems

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According to CNN the economy is tanking [View all] orangecrush Apr 2024 OP

High? at 3.4%? The kids writing headlines don't remember the 1970s bucolic_frolic Apr 2024 #1

Really, when I needed to borrow money, interest was 16%. When I had money to invest, interest of 0% Walleye Apr 2024 #2

Exactly Rebl2 Apr 2024 #54

In 1979 Mme. Defarge Apr 2024 #15

I think I had 7% in 1987. LiberalFighter Apr 2024 #52

We paid ours off early too. Mme. Defarge Apr 2024 #66

Inflation is not just up 3.5%. All Mixed Up Apr 2024 #16

Inflation is measured annually or month to month bucolic_frolic Apr 2024 #17

It doesn't matter how it's reported. All Mixed Up Apr 2024 #18

So what you're saying is we need a recession to break even. bluesbassman Apr 2024 #23

Such a recession was tried in Britain in the 1920s DBoon Apr 2024 #45

It's not even about breaking even.. All Mixed Up Apr 2024 #53

Sure, but over the last 50 years the average annual inflation rate is around 3.8% Voltaire2 Apr 2024 #29

Over the last 30 years, the average inflation rate is around 2%. All Mixed Up Apr 2024 #50

Poster is correct... cumulative inflation up 18% since January 2021. WarGamer Apr 2024 #24

However, If Using The 40 Year Historical... ProfessorGAC Apr 2024 #42

see #24. You're correct. WarGamer Apr 2024 #25

historic US inflation rates Celerity Apr 2024 #51

Tech workers are seeing some of the highest layoffs since 2009! jmbar2 Apr 2024 #3

As a long-time tech worker, this is kind of overdue. Technologies do change, and Industries do move onto SWBTATTReg Apr 2024 #28

I never really recovered from that era jmbar2 Apr 2024 #35

Sorry to hear this, that's the field I started in, in training, which is weird, I hadn't been in software (my degree) SWBTATTReg Apr 2024 #55

Roughly translated - werdna Apr 2024 #4

Bingo orangecrush Apr 2024 #48

Morning Joe had a focus group of independant doc03 Apr 2024 #5

The power of propaganda constantly repeated made obvious. Without any doubt, it works. Marcus IM Apr 2024 #7

I'm very confused Mad_Machine76 Apr 2024 #33

It all is about inflation. nt doc03 Apr 2024 #34

Deflation from lockdowns NickB79 Apr 2024 #38

The inflation rate in 2021 and 2022 was a direct result of the Covid pandemic. patphil Apr 2024 #60

I wrote about this last week here, gab13by13 Apr 2024 #6

Ok see how you like fascism idiots. triron Apr 2024 #8

Yes, but we have to experience fascism at the same time Silent3 Apr 2024 #14

According to the economy Flatrat Apr 2024 #9

I love when inflation is talked about ScratchCat Apr 2024 #10

Bingo! Exactly gab13by13 Apr 2024 #12

I was telling people in spring 2021 ScratchCat Apr 2024 #21

The farmer near me that sells excess eggs raised his prices 50%. This is not just big corporations. Silent Type Apr 2024 #47

I have chickens & chicken feed keeps going up womanofthehills Apr 2024 #67

That's what he said when he announced increase, cost of feed. Silent Type Apr 2024 #68

When we have inflation during Republican administrations, it's an unstoppable force of nature 0rganism Apr 2024 #26

From what i read..... TheRealNorth Apr 2024 #11

Did you see, gab13by13 Apr 2024 #13

Let's hold off calling for nationalization of oil until after the election. I want Dems to win. Silent Type Apr 2024 #19

we're nearing $6/gal again in SoCal WarGamer Apr 2024 #37

Saw oil is up around $90/barrel again NickB79 Apr 2024 #39

I stopped watching CNN after the Trump town hall JuJuChen Apr 2024 #20

Last month Avalon Sparks Apr 2024 #22

I just purchased a 3lb bag of Honey Crisp apples. videohead5 Apr 2024 #31

That is probably an exceptional sale price TheRealNorth Apr 2024 #32

Yes videohead5 Apr 2024 #61

Calculated today Avalon Sparks Apr 2024 #57

I guess I'm more frugal videohead5 Apr 2024 #62

Yes, and cheato also gave a clear senseandsensibility Apr 2024 #27

Just the insignificant Truth Social sector Blue Owl Apr 2024 #30

CNN has tanked ages ago malaise Apr 2024 #36

I cannot pretend things aren't difficult Calculating Apr 2024 #40

No: according to CNN the market dropped 500 points. brooklynite Apr 2024 #41

Cmon! TheProle Apr 2024 #43

A little misinformation there. It's a one-day report. ificandream Apr 2024 #44

So they made it orangecrush Apr 2024 #49

They did nothing wrong. ificandream Apr 2024 #56

They've had plenty of articles on their main page about the market finishing at record highs... All Mixed Up Apr 2024 #64

Very true. ificandream Apr 2024 #70

You clearly don't remember the Fairness Doctrine brooklynite Apr 2024 #65

Inflation is not some ethereal force angrychair Apr 2024 #46

CNN? Who Dat? 🤔 LenaBaby61 Apr 2024 #58

All electric Ford Mach-E codfisherman Apr 2024 #59

It's election year and they want a horse race. Emile Apr 2024 #63

As usual lower & mid income folks hurting - cost of borrowing is too high (interest rates) BUT TBF Apr 2024 #69