Gas prices are lower right now than they were last year at this time.
US inflation rises for the first time in a year to 3.2% rate, but underlying measures remain mild
- Thread starter cigaretteman
- Start date
Figures don't lie, but liars sure can figure.
I saw something about falling home prices hitting China. Do you think that will be contagious? I think the UK is also having problems.
The real estate market in China is prepared to shit the bed,.. For years the China has been investing money into the construction of thousands of commercial and residential buildings that have never been occupied and serve no legitimate purpose,.. Literal cities without residents.
I expect home prices in the US to fall some, but not a lot. There's still a lot of housing demand in the US. People are reluctant to take losses on recent buys.
No. Actually there are several different things you can strip out of inflation. They report on all these.
The real reason food and gas is stripped out isn't because they are heartless bastards or because they want to "make numbers look different". The real reason is because food and gas can be very volatile. So, by stripping those out, they can better assess what's really going on and what actions to take.
Home prices already have moved off all time highs. They are lower now than a year ago.
US median home sales price in Q4 of last year was 479k. Q2 of this year it was 416k.
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