• Joe speaks, and everything changes for the worse

    From ScottW@21:1/5 to All on Tue Feb 14 07:56:27 2023
    Joe SotU - Inflation is coming down.

    One week later...

    BREAKING: January CPI is 6.4%, which is higher than expected and up 0.5% month-over-month.

    Way to go Joe....

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Tue Feb 14 10:18:35 2023
    On 2/14/23 9:56 AM, ScottW wrote:
    Joe SotU - Inflation is coming down.

    One week later...

    BREAKING: January CPI is 6.4%, which is higher than expected and up 0.5% month-over-month.

    Way to go Joe....

    Seven straight months of inflation decline, the smallest 12-month
    increase since October, 2021, and expectations are for more decline.

    Joe: inflation is coming down

    Fed: inflation is coming down

    Survey of Consumer Expectations: inflation is coming down

    You: way to go!

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Tue Feb 14 08:23:12 2023
    On Tuesday, February 14, 2023 at 8:18:37 AM UTC-8, mINE109 wrote:
    On 2/14/23 9:56 AM, ScottW wrote:
    Joe SotU - Inflation is coming down.

    One week later...

    BREAKING: January CPI is 6.4%, which is higher than expected and up 0.5% month-over-month.

    Way to go Joe....
    Seven straight months of inflation decline, the smallest 12-month
    increase since October, 2021, and expectations are for more decline.

    Up 0.5% month over month.

    I'm feeling your epistemic bubble.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Tue Feb 14 10:34:11 2023
    On 2/14/23 10:23 AM, ScottW wrote:
    On Tuesday, February 14, 2023 at 8:18:37 AM UTC-8, mINE109 wrote:
    On 2/14/23 9:56 AM, ScottW wrote:
    Joe SotU - Inflation is coming down.

    One week later...

    BREAKING: January CPI is 6.4%, which is higher than expected and
    up 0.5% month-over-month.

    Way to go Joe....
    Seven straight months of inflation decline, the smallest 12-month
    increase since October, 2021, and expectations are for more
    decline.

    Up 0.5% month over month.

    That's a decrease of increase.

    I'm feeling your epistemic bubble.

    https://www.bls.gov/news.release/cpi.nr0.htm

    CONSUMER PRICE INDEX - JANUARY 2023

    The all items index increased 6.4 percent for the 12 months ending
    January; this was the smallest 12-month increase since the period ending October 2021. The all items less food and energy index rose
    5.6 percent over the last 12 months, its smallest 12-month increase
    since December 2021.

    https://www.newyorkfed.org/microeconomics/sce#/

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Tue Feb 14 10:36:31 2023
    On Tuesday, February 14, 2023 at 8:34:14 AM UTC-8, mINE109 wrote:
    On 2/14/23 10:23 AM, ScottW wrote:
    On Tuesday, February 14, 2023 at 8:18:37 AM UTC-8, mINE109 wrote:
    On 2/14/23 9:56 AM, ScottW wrote:
    Joe SotU - Inflation is coming down.

    One week later...

    BREAKING: January CPI is 6.4%, which is higher than expected and
    up 0.5% month-over-month.

    Way to go Joe....
    Seven straight months of inflation decline, the smallest 12-month
    increase since October, 2021, and expectations are for more
    decline.

    Up 0.5% month over month.
    That's a decrease of increase.
    I'm feeling your epistemic bubble.
    https://www.bls.gov/news.release/cpi.nr0.htm

    CONSUMER PRICE INDEX - JANUARY 2023

    The all items index increased 6.4 percent for the 12 months ending
    January; this was the smallest 12-month increase since the period ending October 2021. The all items less food and energy index rose
    5.6 percent over the last 12 months, its smallest 12-month increase
    since December 2021.

    https://www.newyorkfed.org/microeconomics/sce#/

    On a month-by-month basis, however, prices increased by 0.5% in January compared with a slower gain of 0.1% in December.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Tue Feb 14 15:06:35 2023
    On 2/14/23 12:36 PM, ScottW wrote:
    On Tuesday, February 14, 2023 at 8:34:14 AM UTC-8, mINE109 wrote:
    On 2/14/23 10:23 AM, ScottW wrote:
    On Tuesday, February 14, 2023 at 8:18:37 AM UTC-8, mINE109
    wrote:
    On 2/14/23 9:56 AM, ScottW wrote:
    Joe SotU - Inflation is coming down.

    One week later...

    BREAKING: January CPI is 6.4%, which is higher than expected
    and up 0.5% month-over-month.

    Way to go Joe....
    Seven straight months of inflation decline, the smallest
    12-month increase since October, 2021, and expectations are for
    more decline.

    Up 0.5% month over month.
    That's a decrease of increase.
    I'm feeling your epistemic bubble.
    https://www.bls.gov/news.release/cpi.nr0.htm

    CONSUMER PRICE INDEX - JANUARY 2023

    The all items index increased 6.4 percent for the 12 months ending
    January; this was the smallest 12-month increase since the period
    ending October 2021. The all items less food and energy index rose
    5.6 percent over the last 12 months, its smallest 12-month
    increase since December 2021.

    On a month-by-month basis, however, prices increased by 0.5% in
    January compared with a slower gain of 0.1% in December.

    Or, as the Wall Street Journal put it, "U.S. inflation moderated in
    January from historic highs but the pace of easing showed signs of
    leveling off."

    Maybe the rabidly left-wing Business Insider is more pro-Joe: "Inflation
    for the US dropped again in January based on year-over-year changes, but
    still starts off 2023 with high inflation."

    Not enough to keep the Fed from its next planned interest hike but not a disaster.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to All on Tue Feb 14 15:31:29 2023
    On 2/14/23 3:06 PM, mINE109 wrote:
    On 2/14/23 12:36 PM, ScottW wrote:

    On a month-by-month basis, however, prices increased by 0.5% in
    January compared with a slower gain of 0.1% in December.

    Shouldn't Joe get credit for that 0.1%? I missed you congratulating him.

    Or, as the Wall Street Journal put it, "U.S. inflation moderated in
    January from historic highs but the pace of easing showed signs of
    leveling off."

    Maybe the rabidly left-wing Business Insider is more pro-Joe: "Inflation
    for the US dropped again in January based on year-over-year changes, but still starts off 2023 with high inflation."

    Not enough to keep the Fed from its next planned interest hike but not a disaster.

    And now the Cleveland Fed is heard from:

    Change in median CPI:
    +0.7% in January 2023

    Change in 16% trimmed-mean CPI:
    +0.6% in January 2023

    And for the benefit of the stupid in Texas, what it means:

    Median CPI is the one-month inflation rate of the component whose
    expenditure weight is in the 50th percentile of price changes.

    16 percent trimmed-mean CPI is a weighted average of one-month inflation
    rates of components whose expenditure weights fall below the 92nd
    percentile and above the 8th percentile of price changes.

    Benefits: By omitting outliers (small and large price changes) and
    focusing on the interior of the distribution of price changes, the
    median CPI and the 16 percent trimmed-mean CPI can provide a better
    signal of the underlying inflation trend than either the all-items CPI
    or the CPI excluding food and energy (also known as core CPI).

    Nice graph to keep track of all these:

    https://www.clevelandfed.org/indicators-and-data/median-cpi

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Tue Feb 14 14:43:52 2023
    On Tuesday, February 14, 2023 at 1:31:32 PM UTC-8, mINE109 wrote:
    On 2/14/23 3:06 PM, mINE109 wrote:
    On 2/14/23 12:36 PM, ScottW wrote:

    On a month-by-month basis, however, prices increased by 0.5% in
    January compared with a slower gain of 0.1% in December.
    Shouldn't Joe get credit for that 0.1%? I missed you congratulating him.

    It was too fleeting.
    Or, as the Wall Street Journal put it, "U.S. inflation moderated in
    January from historic highs but the pace of easing showed signs of
    leveling off."

    yeah....January was less than Jan. of last year, the month it replaced in the year over year.
    But it was 500% more than last month.


    Maybe the rabidly left-wing Business Insider is more pro-Joe: "Inflation for the US dropped again in January based on year-over-year changes, but still starts off 2023 with high inflation."

    6% annual rate if he can keep it up. Joe struggles with that.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Art Sackman@21:1/5 to All on Tue Feb 14 19:45:12 2023
    On Tuesday, February 14, 2023 at 11:18:37 AM UTC-5, mINE109 wrote:
    On 2/14/23 9:56 AM, ScottW wrote:
    Joe SotU - Inflation is coming down.

    One week later...

    BREAKING: January CPI is 6.4%, which is higher than expected and up 0.5% month-over-month.

    Way to go Joe....
    Seven straight months of inflation decline, the smallest 12-month
    increase since October, 2021, and expectations are for more decline.

    Joe: inflation is coming down

    Fed: inflation is coming down

    Survey of Consumer Expectations: inflation is coming down

    You: way to go!

    Last month Joe was bashing in your brains and pissing on your face,
    This month he is only bashing in your brains.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Wed Feb 15 07:55:01 2023
    On 2/14/23 4:43 PM, ScottW wrote:
    On Tuesday, February 14, 2023 at 1:31:32 PM UTC-8, mINE109 wrote:
    On 2/14/23 3:06 PM, mINE109 wrote:
    On 2/14/23 12:36 PM, ScottW wrote:

    On a month-by-month basis, however, prices increased by 0.5% in
    January compared with a slower gain of 0.1% in December.
    Shouldn't Joe get credit for that 0.1%? I missed you congratulating him.

    It was too fleeting.

    In the context of six months of falling inflation?

    Or, as the Wall Street Journal put it, "U.S. inflation moderated in
    January from historic highs but the pace of easing showed signs of
    leveling off."

    yeah....January was less than Jan. of last year, the month it replaced in the year over year.
    But it was 500% more than last month.

    So it's just a matter of choosing the time frame? Good thing there are
    experts in charge at the Fed because freaking out about the first
    decimal place seems out of proportion.

    Maybe the rabidly left-wing Business Insider is more pro-Joe: "Inflation >>> for the US dropped again in January based on year-over-year changes, but >>> still starts off 2023 with high inflation."

    6% annual rate if he can keep it up. Joe struggles with that.

    Presidents personally struggle with the inflation rate? It's a matter of
    will? Or good habits?

    In the real world, inflation is coming down without triggering
    unemployment or a recession. Those are good things.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Wed Feb 15 10:11:50 2023
    On Wednesday, February 15, 2023 at 5:55:04 AM UTC-8, mINE109 wrote:
    On 2/14/23 4:43 PM, ScottW wrote:
    On Tuesday, February 14, 2023 at 1:31:32 PM UTC-8, mINE109 wrote:
    On 2/14/23 3:06 PM, mINE109 wrote:
    On 2/14/23 12:36 PM, ScottW wrote:

    On a month-by-month basis, however, prices increased by 0.5% in
    January compared with a slower gain of 0.1% in December.
    Shouldn't Joe get credit for that 0.1%? I missed you congratulating him.

    It was too fleeting.
    In the context of six months of falling inflation?

    Here's the month over month chart.
    I guess anything less than Carter's 20% is falling to you.

    https://tradingeconomics.com/united-states/inflation-rate-mom#:

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Wed Feb 15 13:15:01 2023
    On 2/15/23 12:11 PM, ScottW wrote:
    On Wednesday, February 15, 2023 at 5:55:04 AM UTC-8, mINE109 wrote:
    On 2/14/23 4:43 PM, ScottW wrote:
    On Tuesday, February 14, 2023 at 1:31:32 PM UTC-8, mINE109 wrote:
    On 2/14/23 3:06 PM, mINE109 wrote:
    On 2/14/23 12:36 PM, ScottW wrote:

    On a month-by-month basis, however, prices increased by 0.5% in
    January compared with a slower gain of 0.1% in December.
    Shouldn't Joe get credit for that 0.1%? I missed you congratulating him. >>>
    It was too fleeting.
    In the context of six months of falling inflation?

    Here's the month over month chart.
    I guess anything less than Carter's 20% is falling to you.

    Carter brought in Volcker and inflation went down to 4%, to Reagan's
    benefit.

    https://tradingeconomics.com/united-states/inflation-rate-mom#:

    Click "5Y" and it's not so alarming.

    And we've learned our lesson from Volcker that recessions can be worse
    than inflation.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Wed Feb 15 11:27:16 2023
    On Wednesday, February 15, 2023 at 11:15:04 AM UTC-8, mINE109 wrote:
    On 2/15/23 12:11 PM, ScottW wrote:
    On Wednesday, February 15, 2023 at 5:55:04 AM UTC-8, mINE109 wrote:
    On 2/14/23 4:43 PM, ScottW wrote:
    On Tuesday, February 14, 2023 at 1:31:32 PM UTC-8, mINE109 wrote:
    On 2/14/23 3:06 PM, mINE109 wrote:
    On 2/14/23 12:36 PM, ScottW wrote:

    On a month-by-month basis, however, prices increased by 0.5% in
    January compared with a slower gain of 0.1% in December.
    Shouldn't Joe get credit for that 0.1%? I missed you congratulating him. >>>
    It was too fleeting.
    In the context of six months of falling inflation?

    Here's the month over month chart.
    I guess anything less than Carter's 20% is falling to you.
    Carter brought in Volcker and inflation went down to 4%, to Reagan's
    benefit.

    LoL, Joe sucks so bad he makes Carter look like an economic genius.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Wed Feb 15 15:18:08 2023
    On 2/15/23 1:27 PM, ScottW wrote:
    On Wednesday, February 15, 2023 at 11:15:04 AM UTC-8, mINE109 wrote:
    On 2/15/23 12:11 PM, ScottW wrote:
    On Wednesday, February 15, 2023 at 5:55:04 AM UTC-8, mINE109 wrote:
    On 2/14/23 4:43 PM, ScottW wrote:
    On Tuesday, February 14, 2023 at 1:31:32 PM UTC-8, mINE109 wrote:
    On 2/14/23 3:06 PM, mINE109 wrote:
    On 2/14/23 12:36 PM, ScottW wrote:

    On a month-by-month basis, however, prices increased by 0.5% in >>>>>>>> January compared with a slower gain of 0.1% in December.
    Shouldn't Joe get credit for that 0.1%? I missed you congratulating him. >>>>>
    It was too fleeting.
    In the context of six months of falling inflation?

    Here's the month over month chart.
    I guess anything less than Carter's 20% is falling to you.
    Carter brought in Volcker and inflation went down to 4%, to Reagan's
    benefit.

    LoL, Joe sucks so bad he makes Carter look like an economic genius.

    Carter solved a bigger problem.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Wed Feb 15 15:00:04 2023
    On Wednesday, February 15, 2023 at 1:18:10 PM UTC-8, mINE109 wrote:
    On 2/15/23 1:27 PM, ScottW wrote:
    On Wednesday, February 15, 2023 at 11:15:04 AM UTC-8, mINE109 wrote:
    On 2/15/23 12:11 PM, ScottW wrote:
    On Wednesday, February 15, 2023 at 5:55:04 AM UTC-8, mINE109 wrote:
    On 2/14/23 4:43 PM, ScottW wrote:
    On Tuesday, February 14, 2023 at 1:31:32 PM UTC-8, mINE109 wrote: >>>>>> On 2/14/23 3:06 PM, mINE109 wrote:
    On 2/14/23 12:36 PM, ScottW wrote:

    On a month-by-month basis, however, prices increased by 0.5% in >>>>>>>> January compared with a slower gain of 0.1% in December.
    Shouldn't Joe get credit for that 0.1%? I missed you congratulating him.

    It was too fleeting.
    In the context of six months of falling inflation?

    Here's the month over month chart.
    I guess anything less than Carter's 20% is falling to you.
    Carter brought in Volcker and inflation went down to 4%, to Reagan's
    benefit.

    LoL, Joe sucks so bad he makes Carter look like an economic genius.
    Carter solved a bigger problem.

    Brought back the peanut?

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)