Food prices fall significantly for the first time with 3.7% in August in the US - at least online purchases. I know it's only online purchases, which account for about 12% of the total, but it's another data point that the Fed should consider along with the falling oil price. Everyone wants interest rates down (look at gov debt), everyone wants to provide fresh liquidity and make fiat credit cheaper!
pull down to refresh
147 sats \ 5 replies \ @Undisciplined 10 Sep
Down 3% after rising 30%. Is that what they meant by "transitory" inflation?
reply
40 sats \ 4 replies \ @TomK OP 10 Sep
I think so. But real wages are exploding, I guess
reply
47 sats \ 3 replies \ @Undisciplined 10 Sep
Are you working for Kamala's campaign now?
reply
35 sats \ 2 replies \ @TomK OP 10 Sep
It was a joke. I heard Trump can't interrupt her tonight as they turn off the mics when the other one's talking? That's her final nail in the stupid coffin
reply
47 sats \ 1 reply \ @Undisciplined 10 Sep
Yeah, but it's still better than any explanation they've come up with, so they might just steal it.
reply
25 sats \ 0 replies \ @TomK OP 10 Sep
Mierda! Bill goes to Kamala's campaign. They're drowning in cash. I'll convert it by myself kyc-free in real money
reply
147 sats \ 1 reply \ @halalmoney 10 Sep
Good news for people on modest incomes.
Here in the UK rents remain high. The sooner Bitcoin trumps real estate as a SoV the better.
reply
0 sats \ 0 replies \ @TomK OP 10 Sep
Yep. The absorber of monetary premia
reply
68 sats \ 1 reply \ @Athena 11 Sep
After a very big graph, a smaller graph definitely comes down. This does not mean that it will not grow back
reply
0 sats \ 0 replies \ @TomK OP 11 Sep
Of course it will. But before you'll see some recessionary vibes in prices
reply
47 sats \ 4 replies \ @Satosora 11 Sep
Gas prices have gone down a bit, too.
reply
20 sats \ 3 replies \ @TomK OP 11 Sep
Watch oil... let's see what happens after a trump win and they let it run. (>150)
reply
47 sats \ 2 replies \ @Satosora 11 Sep
Im wondering if they are playing with prices because of elections?
reply
20 sats \ 1 reply \ @TomK OP 11 Sep
Look what happend at the future markets and the strategic oil reserve. It's highly manipulated
reply
47 sats \ 0 replies \ @Satosora 11 Sep
Yeah, that is what I was suspecting.
There are too many issues in the world.
reply
10 sats \ 0 replies \ @BitcoinAbhi 11 Sep
I agree. Everyone wants interest rate down. people are worried about inflation. If the interest rate is low then there will be some relief.
reply
0 sats \ 0 replies \ @023ad18700 25 Sep
Inflation got me eating less to stack more sats
reply
0 sats \ 0 replies \ @Satoshi__Nakamoto 11 Sep
Crazy drop
reply