Inflation pressure easing - Go Joey Go

2lion70

Well-Known Member
Gold Member
Jul 1, 2004
17,400
6,112
1
Another sign inflation may have already peaked.


Bloomberg
Bloomberg

FollowView Profile

US Manufacturing Growth Holds Steady, Inflation Pressures Ease​


(Bloomberg) -- US manufacturing growth steadied in August at the slowest pace in over two years, while a measure of materials costs declined for a fifth-straight month in a welcome sign inflationary pressures are abating.
Most Read from Bloomberg
The Institute for Supply Management’s gauge of factory activity held at 52.8, matching the lowest level since June 2020, according to data released Thursday. Readings above 50 indicate expansion, and the latest figure compared with a median projection of 51.9 in a Bloomberg survey of economists.
Measure of US factory activity unchanged in August as inflation gauge falls
Measure of US factory activity unchanged in August as inflation gauge falls© Bloomberg
“Sentiment remained optimistic regarding demand, with five positive growth comments for every cautious comment,” said Timothy Fiore, chair of ISM’s Manufacturing Business Survey Committee. Still, “Panelists continue to express unease about a softening economy.”


Ten manufacturing industries reported growth for the month, led by mineral products, petroleum and transportation equipment.
The figures suggest sustained yet moderate growth in manufacturing and some additional easing in supply constraints. The industry is so far faring better than its counterparts in Europe and Asia, where the war in Ukraine and economic slowdown in China are leading to shrinking factory activity.




0

















Continue reading
 

Vic Vaselino

Well-Known Member
Nov 14, 2009
3,062
2,168
1
Another sign inflation may have already peaked.


Bloomberg
Bloomberg

FollowView Profile

US Manufacturing Growth Holds Steady, Inflation Pressures Ease​


(Bloomberg) -- US manufacturing growth steadied in August at the slowest pace in over two years, while a measure of materials costs declined for a fifth-straight month in a welcome sign inflationary pressures are abating.
Most Read from Bloomberg
The Institute for Supply Management’s gauge of factory activity held at 52.8, matching the lowest level since June 2020, according to data released Thursday. Readings above 50 indicate expansion, and the latest figure compared with a median projection of 51.9 in a Bloomberg survey of economists.
Measure of US factory activity unchanged in August as inflation gauge falls
Measure of US factory activity unchanged in August as inflation gauge falls© Bloomberg
“Sentiment remained optimistic regarding demand, with five positive growth comments for every cautious comment,” said Timothy Fiore, chair of ISM’s Manufacturing Business Survey Committee. Still, “Panelists continue to express unease about a softening economy.”


Ten manufacturing industries reported growth for the month, led by mineral products, petroleum and transportation equipment.
The figures suggest sustained yet moderate growth in manufacturing and some additional easing in supply constraints. The industry is so far faring better than its counterparts in Europe and Asia, where the war in Ukraine and economic slowdown in China are leading to shrinking factory activity.




0

















Continue reading
Won't stop the MAGAtards from their incessant whining.
 
  • Like
Reactions: NJPSU

Obliviax

Well-Known Member
Gold Member
Aug 21, 2001
109,289
60,128
1
Gotta love the left excited about a recession
Other-than-that-Mrs-Lincoln1.jpg
 
  • Like
Reactions: LionDeNittany

Lion8286

Well-Known Member
Sep 1, 2008
16,171
23,713
1
Another sign inflation may have already peaked.


Bloomberg
Bloomberg

FollowView Profile

US Manufacturing Growth Holds Steady, Inflation Pressures Ease​


(Bloomberg) -- US manufacturing growth steadied in August at the slowest pace in over two years, while a measure of materials costs declined for a fifth-straight month in a welcome sign inflationary pressures are abating.
Most Read from Bloomberg
The Institute for Supply Management’s gauge of factory activity held at 52.8, matching the lowest level since June 2020, according to data released Thursday. Readings above 50 indicate expansion, and the latest figure compared with a median projection of 51.9 in a Bloomberg survey of economists.
Measure of US factory activity unchanged in August as inflation gauge falls
Measure of US factory activity unchanged in August as inflation gauge falls© Bloomberg
“Sentiment remained optimistic regarding demand, with five positive growth comments for every cautious comment,” said Timothy Fiore, chair of ISM’s Manufacturing Business Survey Committee. Still, “Panelists continue to express unease about a softening economy.”


Ten manufacturing industries reported growth for the month, led by mineral products, petroleum and transportation equipment.
The figures suggest sustained yet moderate growth in manufacturing and some additional easing in supply constraints. The industry is so far faring better than its counterparts in Europe and Asia, where the war in Ukraine and economic slowdown in China are leading to shrinking factory activity.




0

















Continue reading


So Biden caused a problem and should claim victory after 1 1/2 years for slightly lessening said problem?? Is that what you're saying??

Maybe the US should throw a parade for Putin if he withdraws from Ukraine, huh 2Lyin??
 
  • Like
Reactions: LionDeNittany

ao5884

Well-Known Member
Oct 1, 2019
7,721
7,848
1
So how long till he gets to Trump level inflation? Yeah Trump did better 8n that category as well.
 

KnightWhoSaysNit

Well-Known Member
Jul 19, 2010
9,324
9,923
1
Another sign inflation may have already peaked.


Bloomberg
Bloomberg

FollowView Profile

US Manufacturing Growth Holds Steady, Inflation Pressures Ease​


(Bloomberg) -- US manufacturing growth steadied in August at the slowest pace in over two years, while a measure of materials costs declined for a fifth-straight month in a welcome sign inflationary pressures are abating.
Most Read from Bloomberg
The Institute for Supply Management’s gauge of factory activity held at 52.8, matching the lowest level since June 2020, according to data released Thursday. Readings above 50 indicate expansion, and the latest figure compared with a median projection of 51.9 in a Bloomberg survey of economists.
Measure of US factory activity unchanged in August as inflation gauge falls
Measure of US factory activity unchanged in August as inflation gauge falls© Bloomberg
“Sentiment remained optimistic regarding demand, with five positive growth comments for every cautious comment,” said Timothy Fiore, chair of ISM’s Manufacturing Business Survey Committee. Still, “Panelists continue to express unease about a softening economy.”


Ten manufacturing industries reported growth for the month, led by mineral products, petroleum and transportation equipment.
The figures suggest sustained yet moderate growth in manufacturing and some additional easing in supply constraints. The industry is so far faring better than its counterparts in Europe and Asia, where the war in Ukraine and economic slowdown in China are leading to shrinking factory activity.

0
Continue reading

So we have a softening of inflation as a result of people spending their money on food, energy, and housing.

That's great. We can fire anyone who doesn't work in the food, energy, or housing industries, and redirect them to those areas of need. How about we start with the Congress this year. In two years we can fire the President.

Call me when prices are 1.5 x 2% above the prices that existed at the start of this Administration and Congress. That's what it will take to restore credibility in the government and Federal Reserve.

Only then will I believe that my taxes did not go up.
 
  • Like
Reactions: m.knox

KnightWhoSaysNit

Well-Known Member
Jul 19, 2010
9,324
9,923
1
Inflation should be easy for even the leftists here to understand.

Just look at the M2 money supply and the real GDP (not nominal GDP).

A country does not gain wealth by handing out money and supporting unproductive jobs and higher cost forms of energy.

What they DID accomplish was to distort the economy, i.e., they picked winners and losers. Overall, on average, we become losers.
 
  • Like
Reactions: Hotshoe and m.knox

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
108,064
62,689
1
Inflation should be easy for even the leftists here to understand.

Just look at the M2 money supply and the real GDP (not nominal GDP).

A country does not gain wealth by handing out money and supporting unproductive jobs and higher cost forms of energy.

What they DID accomplish was to distort the economy, i.e., they picked winners and losers. Overall, on average, we become losers.

From a God of the left........... John Maynard Keynes.

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.

Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
 
  • Like
Reactions: KnightWhoSaysNit

KnightWhoSaysNit

Well-Known Member
Jul 19, 2010
9,324
9,923
1
From a God of the left........... John Maynard Keynes.

Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.

Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

This is such a good and appropriate post. I wish all would read it.

It's exactly what is happening. The Congress is recklessly spending and hiding that spending through inflation.

Normally the money supply is tied to productivity. There is a balance between taxes, spending, and the import/export of the currency. That is how inflation is controlled. That is how one knows what one possesses.

Instead, they shut down the economy and printed money, thereby stealing the savings, pensions, and future earnings of ordinary Americans.

They turned the stock market into a casino, where good news is bad news and vice versa. Where Fed bankers utter something into a microphone and trillions flow back and forth. It is madness. It is disruptive. It is not capitalism. It is not freedom. It is Leninism. And it will fail.
 
  • Like
Reactions: m.knox