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!
147 sats \ 5 replies \ @Undisciplined 10 Sep
Down 3% after rising 30%. Is that what they meant by "transitory" inflation?
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40 sats \ 4 replies \ @TomK OP 10 Sep
I think so. But real wages are exploding, I guess
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47 sats \ 3 replies \ @Undisciplined 10 Sep
Are you working for Kamala's campaign now?
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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
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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.
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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
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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.
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0 sats \ 0 replies \ @TomK OP 10 Sep
Yep. The absorber of monetary premia
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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
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0 sats \ 0 replies \ @TomK OP 11 Sep
Of course it will. But before you'll see some recessionary vibes in prices
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47 sats \ 4 replies \ @Satosora 11 Sep
Gas prices have gone down a bit, too.
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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)
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47 sats \ 2 replies \ @Satosora 11 Sep
Im wondering if they are playing with prices because of elections?
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20 sats \ 1 reply \ @TomK OP 11 Sep
Look what happend at the future markets and the strategic oil reserve. It's highly manipulated
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47 sats \ 0 replies \ @Satosora 11 Sep
Yeah, that is what I was suspecting.
There are too many issues in the world.
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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.
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0 sats \ 0 replies \ @Satoshi__Nakamoto 11 Sep
Crazy drop
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