Can you link to this presidential statement that the increase in CPI is now zero? I missed that

 

ummmm, what? Up 8.5% YOY and .3% from June. It's slowing but still going up, so the longer for a contract the more it takes to keep up with inflation.[/QUOTE]

Those figures are correct. However, the 8.5% YoY increase does not get added to the previous month’s 9.1%, as I’ve heard others assume. It isn’t “another” 8% or whatever. In fact, if the YoY CPI miraculously went to 0% in December, there would have been no inflation this year, wiping out all of the 8-9 percent months we’ve seen. Not that this will happen, just explaining what it means.

in other words, if the monthly YoY CPI remained the same, it would mean the costs of goods and services isn’t changing. Even if every month is 9%. (For under 1 year). The only increase being what was captured month over month the previous year.

The 1st jump of YoY percentage increase is the nut crusher. If it remains the same or lower, prices are unchanged or decreasing. At least until the YoY catches up to the start of the hyper inflation.

 

This is as ridiculous as the presidents statement. Never has anyone ever in the history of all human kind ever referred to inflation as the change from the previous month. No one cares about small monthly changes when the actual CPI is 8.5%. Straight from the president’s mouth:

This is a flat out lie, when someone says monthly inflation they are always referring to the annualized inflation rate. Never, ever, has it been the change from the previous month. Nonsense. Luckily Americans are smarter than this administration. I really thought Trump was the dumbest president ever but this administration is something special.

 

Nope, not annualized. Year over year. Annualized is something completely different.

And people talk about month over month inflation all the time.

 

sounds like you really misunderstood what was being said

 

Never ever have two months been compared to each other to come up with a definition that inflation is 0%. EVER. You can say inflation is down .5% from the previous month or inflation isn't as high as the previous month but you absolutely cannot say inflation is 0% in July. For all of humankind the CPI is what is referred to when you quote an inflation rate. You don't get to say inflation is 0% in July. You guys are ridiculous.

 

I just gave you the exact quote. Here it is again:

There is no misunderstanding, it is a lie, inflation in July was not 0%. There is no conceivable way to define inflation in July as 0%.

 

i listen to a fair number of economics podcasts and they all talk about annual and month-over-month inflation. If you’ve “never ever” heard a discussion of MoM inflation, you haven’t been reading or listening. In fact, monthly inflation numbers are literally page 2 of the monthly BLS press release for inflation

 

Here is your problem Sailing.

You clearly make the case for management’s needs.

Yet when they are making $5 billion a year you don’t want our pensions back or the equivalent 25% DC.

Our needs don’t matter to you.

You’re a water boy and that’s ok. You pay your dues like we all do.

 

I am willing to give up OOBWS.