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2021-03-03 Economy
10% GDP growth?
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Posted by g(r)omgoru 2021-03-03 01:07|| || Front Page|| [336095 views ]  Top

#1 If you pretend inflation isn't happening, it looks like growth.
Posted by Thing From Snowy Mountain 2021-03-03 01:47||   2021-03-03 01:47|| Front Page Top

#2 by traditional measures, the core inflation is under 2%

gasoline is up a lot, also a big bump in electricity costs (because of the Texas situation)

but food, appliances, housing, insurance and so forth have been stable

there is a data problem however comparing prices in our present partially closed retail sector with prices in ordinary times, e.g., hospitality services are discounted heavily all over the USA and this is just one of the distortions
Posted by Lord Garth 2021-03-03 04:07||   2021-03-03 04:07|| Front Page Top

#3 I saw a graph recently of housing prices and it looks worse than inflation, more like another bubble. When it bursts we'll get to bail out the 'too big to fail' banks again.
Posted by Glenmore 2021-03-03 10:23||   2021-03-03 10:23|| Front Page Top

#4 In Northern Nevada, Arco cash prices for regular have gone from $2.28 pre-election to$2.86 yesterday. Crushing impact on any recovery efforts.
Posted by NoMoreBS 2021-03-03 11:35||   2021-03-03 11:35|| Front Page Top

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