>Consumer price inflation is projected to hit 6% for the first quarter, according to the Survey of Professional Forecasters, a blue-ribbon group that is polled each quarter by the Federal Reserve Bank of Philadelphia.
First quarter (article) or second quarter (headline)?
And I'd love to know what magic wand they see getting waved to justify this:
>Elevated inflation levels are expected to persist into the third quarter, with headline CPI projected at 3% and core at 2.9%. Both levels are expected to ease by the end of the year, with the fourth quarter at 2.5% and 2.7% respectively.
Because "things go almost back to pre-Iran-War normal by the end of the year" sounds crazy given everything that's happening right now.
It’s so wild to see the billionaire media try and write off what’s happening now vs when they were all “RECESSION ANY DAY NOW, PROBABLY HERE ALREADY” for the entire Biden presidency.
Behavioral economics is never talked about enough. But it's pretty clear they were trying to will a recession into existence as a self-fulfilling prophecy, but it didn't work.
Two quarters of negative growth never was the definition, it was just a rule of thumb popular in casual conversation because it was simple and usually aligned with more formal definitions. They actually had to lock the recession article on Wikipedia because people kept trying to cite it, realizing the two quarter rule was only mentioned in the context of the NBER refuting it, and trying to edit it to align with their own understanding.
Stupid is as stupid does as they say. When people have an agenda in this country, they will do anything to achieve it, even destroy the nation. I can't wait for 6 dollar gas out here in the midwest, then 28 $/lb meats and 8 $/lb veggies. It's coming... Iran was arguably the stupidest disaster in this country and people are finding out why every week.
Inflation from an oil price shocks is fairly rapid and then the inflation rate moves back towards the baseline inflation rate. Basically, the price increases from higher energy costs get passed through fairly quickly and then prices stop rising faster because the price increase have already passed through. They aren't saying prices will go back down. They are saying the inflation rate, meaning the rate of price increases will go back down towards where it was.
This heavily depends on how long the oil price shock sticks around. A company like FDP will eat the additional transportation and fertilizer costs in the short-term, but if we are talking a year or more then they will have to raise prices. It takes time for shocks like an oil shortage to work their way through the economy, and when it starts there tends to be a snowball effect. I don't see Iran giving up their nuclear material or trump retreating with his tail between his legs - Israel would have to take the stick out of his ass for that to happen. I'm betting on a prolonged conflict slowly escalating into a hot war that cripples global energy production. There are too many vested interests in watching the middle-east burn.
Fairly rapid, per the studies I linked is 10 quarters. But most of it happens in the first 3. We aren't talking about this month versus next month. But by next year, the vast majority of the inflation will have already happened and we will be returning to baseline inflation. Basically, don't expect a decade of inflation.
Iran would have to be insane to give up it's nuclear ambitions, because it's abundantly clear from NK example that America doesn't pick fights with other nuclear powers. It's Irans' only really possibility of guaranteeing it's future security.
I mean, shouldn't we just do the thing where it's something we want to agree with and assume it's true? I wish the mods would start giving warnings and banning the accounts of those that post completely unsupported claims. Why?...
It's an economics sub. At the very top of the right it says: "Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline"
It's hard to justify this is what the forum is based on the nonsense comments.
Can't imagine it will get much better in Q3 either. Between data center development sucking up all the power and driving everyone's electric bills up, gas prices continuing their upward climb, and those increased energy costs trickling into the production and supply chains for everything, this extremely foolish foray into yet another Middle East war is only going to make things increasingly more expensive, faster. And by his own admission, the guy behind it all isn't thinking of American's finances at all.
I know, right? It's infuriating that there are countless examples of writings, interviews, online posts and manifestos by the people now in power in which they've openly discussed their beliefs over the years, yet for some reason, no one seems to care to acknowledge that these primary sources exist.
They may have differing views on what the "new world" should like like, but what the likes of Elon Musk, Peter Theil, Stephen Miller, Kevin Roberts, Russ Vought all have in common is that they firmly believe that the current system should be totally destroyed so that their vision of a new system can come into existence.
Devaluing the USD so badly that it gets abandoned as the global reserve currency is a FEATURE, NOT A BUG. These people have openly stated that either 1)they they do not believe that the USD should be a thing anymore, eschewed in favor of crpyto taking it's place, or 2) that the USD could continue, but that it should stop being so intertwined in the rest of the world's business (removing it as the global reserve).
Skyrocketing hyperinflation is a FEATURE, NOT A BUG. They've also openly discussed the endorsement of the idea that anyone other than themselves shouldn't even own anything, that good and services to the average person should be provided in lease/subscription agreements that depend on your employment to even be eligible for. Basically, revival of the "company towns" that saw workers get paid in "company dollars" to shop at company-owned stores, and live in company-owned housing. But in order to facilitate this transition at scale, everyone first needs to be priced out of any other alternative by draining bank accounts and forcing foreclosures in order to buy everything up. After all, if your billions (trillions?) are mostly represented as stock value, your worth will actually rise as those stocks get more and more expensive during a period of hyperinflation.
Destroying the capability and credibility of public institutions is a FEATURE, NOT A BUG. These institutions have been the enemies of the people who are now in charge for their entire lives. These institutions were built as a bulwark against the very corruption, theft, and abuse that these people have always leveraged as the means to their wealth and power in the first place. If they can destroy these institutions, or better yet, convert them into perverted doppelgängers of themselves in service of their corruption, thievery and abuse, then they'll enthusiastically do so. And in the case that they aren't able to hold the power they've seized, they don't want any semblance of functional institutions left that may be later used to try and hold them accountable, or especially to rebuild themselves.
Again, this is not conjecture. This is what these people have been saying out loud, in public, repeatedly, for many years now.
There's always been a tacit understanding that political leaders say one thing before getting into power, and then act differently when taking office. Well we have to hand it to them, these people are now taking exactly the actions that support what they've explicitly and consistently promoted for their whole lives - which is the complete destruction of the status quo.
The part about the wealthy looking to devalue and remove the USD as the global reserve currency seems counterintuitive to me. Wouldn't that devalue their wealth? Wouldn't it limit the ability of the US and major US corps to raise funds through treasury bills and stock offerings because other countries would no longer have an excess of US funds collected through trade?
The massive domestic inflation caused by de-dollarization would spike interest rates. Owners who locked into low mortgage rates would have their homes effectively subsidized by the renters. This would deepen the rift in a K shaped economy
The erasure of the dollar is the equal to the erasure of their debt. Also consider the benefit to the system of having all countries under the same digital currency, which is part of the NWO plan.
They know. But as someone who works in the media, the industry is dying. They are well paid professionals. Where do they go if they get sacked? There's basically nowhere they will get anywhere near that money.
Your last line is mental. Do you think they choose what is shown on air, or appears in newspapers? There are editors and producers and layers of management who filter content. Submitting film or print that goes against their wishes is basically a resignation letter that will never be seen, or if you are lucky, appear for seconds before it's taken down or the transmission is cut.
They don't have blinders on. They know far more than you..but acknowledging that is different..what is the old saying.."It is difficult to get a man to understand something when his salary depends upon his not understanding it.
They want nothing more than to search for the truth..but US citizens decided the truth is too hurtful and elected Trump.
AI bro's must be super pissed about the USreal war. It already looked like it was going to be super impossible to make a profit from LLM's and then the running costs spiked further all the way too the moon.
Good thing my corporate America job in healthcare slashed my benefits across the board from insurance, severance, to my 401k. That 1% raise this year doing some heavy lifting for me.
Thank god the CEO and shareholders decided to hide behind the A.I. hype while laying off 40,000+ people while simultaneously outsourcing tens of thousands of jobs to India.
I wouldn’t be able to sleep if my company helped US employees instead of the top dudes raking in stock compensation. Who needs sustainability? Just gotta chase the next best quarterly results and lie to the workers.
No raise, bonus, or equity in 4 years here. Company doesn't 401k match either and I think in 4 years I've only ever heard back from 4-5 companies when sending out resumes. I was getting ready to buy a house around covid when prices and rates exploded and its like my life has been on pause for the last 5-6 years with the goalposts just continual getting further and further away. Meanwhile idiots wonder why birth rates are down and everyone they know is on antidepressants. Add the idiocy/grift of the government over the last decade and its hard to have hope anymore, even with being in a decent position compared to a lot of people; at least I think.
UHG, they disclosed 30,000 “voluntary” buyouts in 2025. Across the board and multiple sectors of the United healthcare and Optum and all of the other entities… I’m certain there’s more than 10 K additional since 2025 from hearing of whole departments being shut down in Optum, UHC and smaller entities. With a hiring freeze… yet had a MASSIVE amount amounts of outsourcing.
Kind of nuts how inefficient the United States is with healthcare even with all these shortcuts they take….
And the subsidizing
(if they’re not laying off more than 50 people in one area of the country at any given time they are not legally required to disclose the layoffs, what we see is incremental nationwide downsizing. Purposefully crafted to where they don’t have to disclose it to the public)
You first. Seriously. If you're not willing to throw yourself under the bus, why demand others do it? Cuz I sure af wouldn't risk my livelihood for some useless reddit upvotes. Just sayin'
You are in healthcare. Start your own company and pay people fairly. Almost everyone in healthcare has a skill that would translate to some sort of independent contractor company.
I'd be interested to see the impact on consumer spending now vs the prior inflation spike, given back in 2022 there was thousands of dollars per household from COVID stimulus to cushion the blow (increased disposable income, savings), plus there was a hiring and job hoping bonanza 2022 through 2023 (however since then jobs are highly fragmented, with losses or stagnant in key sectors). Households may have less of an ability to take on these increased prices.
Is there anyone in this country who doesn't want this to stop? Is there anyone who is confused about how to stop it come November? Just checking. We should all be following the same playbook this fall.
To be honest, I'm not even clear on what the "gain" is. Iran will always hate the US, especially now that we've bombed their schools and basically printed up their religious fanatic recruitment posters for them. They were mostly held at bay in the region and represented little threat to the US before, so the gain is....back to the status quo before the war?
They couldn't wear a face mask for a couple months due to the pandemic their guy refused to acknowledge because it was politically convenient, but now they're saying that we must be forced to accommodate their big "let's shut up about Epstein" distraction war / grift cycle?
I truly think our current circumstances necessitate a national divorce. Rogue agents are manipulating the functions of government to punish the world. We need to be separated from anyone who supports this regime for the world to have any chance.
The problem we have is a big one, but it's many orders of magnitude smaller than what the world would see if its largest economy suddenly underwent total Balkanization. That would entail likely the largest and most violent civil war the world has ever seen, crippling supply chain disruptions and universal famine across the world's largest food exporter, the complete collapse of the currency the world still (for now) relies on for stability, many of the banks various nations hold their money in... And with the immediate splintering of the world's largest military, a complete and total reset of the global balance of power would likely mean that this conflict becomes global in a matter of months. Alliances may be strained as of now, but imagine three or four different major US militaries (smaller factions abound), each with different agendas, each with access to at least parts of the current arsenal (including the hordes of nuclear weapons) that the US military maintains today. Imagine the bad actors of the world no longer needing to worry about them being able to act as one cohesive unit.
Do you still think that's a good idea? I can understand being angry about the situation the US has put itself and the world in right now, you should be, I certainly am. Anyone cheering for what you're suggesting though is a moron. To call such a divorce "catastrophic" would really be underselling it, we'd be lucky if the worst to come of it was a worldwide, generation-long economic depression and a war that leaves millions dead. If you hope for that lightly, you're at least as cold as those who put us in this position to begin with.
Well, if my only options living here are violent death or being subjugated by my neighbor, then just put me against the wall.
I've voted every time. I did what they wanted me to do. It's not working because it doesn't want to work, and I'm at the mercy of those who don't want it to work.
Why can't I have something that works? I can't point at myself, everyone knows what the problem is.
> Is there anyone in this country who doesn't want this to stop?
33%:
kamala would have started two wars in iran instead of one
kamala would have opened concentration camps for everyone instead of just brown people
kamala would have changed medicare so that someone shoots you at the hospital, instead of you just going bankrupt and then shooting yourself
so as you see, we have to keep electing MAGA even though they are blowing the country up, because they're using conventional explosives, rather than the radioactive explosives that kamala would have used. also she has a weird laugh.
You forgot to add that Kamala was personally killing every single Gazan in all of space and time, so it was a moral imperative for Democrats to not vote for her.
Well the party gerrymandering the country is trying to make it to where it doesn’t matter how many peoples lives they destroy. They warp a system to only benefit them then whine and complain when people do much as criticize them doing so or what the system is and have the audacity to call those people who haven’t even so much as openly protested it “domestic terrorist”
I am really hoping the Gerrymandering fails because its always based on historic voting trends so a larger than expected turnout would make these thin margin districts much more competitive in red states.
It won't. I worked in politics for 20 years and once it became the norm for the politicians to choose their constituents instead of the other way around, the only thing that could stop it was the Supreme Court.
Instead, the Court essentially released pages of semen because they couldn't control how happy they were about gerrymandering ending representation.
I mean technically it doesn't matter. It's just and expression of how people value everything around them. If you're being valued less, then maybe do something about that. Most people don't.
>In the most recent forecast three months ago, the panel put the expected consumer price index gain at just 2.7%. However, that was just before the U.S. and Israel launched attacks against Iran
So, whoever made the decision to enter into a conflict with Iran is solely responsible for a jump in inflation expectations of 3.3%. Winning.
Does Trump really trust that he's rigged the midterms well enough that the people who didn't vote at all in 2024 or people who voted for him aren't going to now vote for whoever the Blue side is rather than the obviously corrupt GOP?
Yes and don't worry, there will be more actions to come. The entire GOP knows that if they don't win, there will be consequences. I would love to see assets and bank accounts frozen and jail time for all the corruption, but I just don't see current federal Dems prosecuting all the crimes. They didn't do it during the Biden admin, there are only a select few calling for consequences, so the best we can seemingly hope for is a reduction in harm. But we're hosed for generations.
Yep, the midterms will be 100% rigged. They are going all in. We live in a fascist country now.
Also, 99% of the people that voted for him are in a cult and still worship MAGA. The people that didn't vote at all aren't voters. They don't see the value of voting or they simply dont care about any of it.
It will be easy for them to rig the midterms. I know this is a defeatist attitude but we have been defeated. I don't see massive protests every weekend or even every month. I don't see general strikes being planned. Democrat leaders are rolling over. The SC is compromised. The opposition party is more opposed to progressives than they are republicans.
It is already game over. It wouldn't be game over except I don't see even the most ardent Trump haters getting ready to take any action. Since 2016 everybody has been counting on somebody else taking action, like Mueller, Jack Smith, impeachment, etc. Everybody is just full of copium, waiting for the next thing that is gonna put a stop to Trump for sure this time. Anyday now Trump supporters will turn on him...anyday now Trump's administration will collapse under the weight of its incompetence.
We expect things to just fix themselves on their own I guess. If all you are willing to do is show up every 2 years to vote against fascism and go to a few protests a year, you are part of the problem.
Folks around here were calling bullshit hard every time the Biden admin would roll out those words 'Transitory Inflation'. Good to see they're doing it again now that this admin is trying the same hand-waiving nonsense. JFC, get ready to tighten those belts even further.
'Transitory Inflation' was the term the independent Federal Reserve used early in the inflationary cycle. I'm not sure how you equate the independent Federal Reserve with the Biden administration.
If that’s true then they need to fking raise interest rates before a loaf of bread costs $20. God our government officials are so fking mentally retarded it’s not even funny.
Once Powell is out, and the new trump Fed chair is lowering the interest rates, should make inflation even worse. Here is another sentence that confirms what I just said. Further, I would like to have a 3rd sentence, so my comment doesn’t get auto removed.
In conclusion, here is an additional paragraph that further proves my point.
Brother stop spread such blatant lies. The enitre fed board must vote for it to pass. Really wish the 22 year old idiots would not be allowed on here anymore when they present dumb opinions as facts.
Feels like the story isn’t just the inflation number but how fast expectations changed baucause going from 2.7 to 6% in one survey revision is a quiete dramatic repricing of the outlook
Gas was at $4.53 last night. The tariffs we pay for are the new normal, tariffs won’t ever replace income tax we pay both, and inflation is back in an upward trajectory.
What will earnings calls be like in Quarter 4? You can’t squeeze blood from a stone. We’re lucky to make an IRA contribution, it gets harder every week.
In the meanwhile, the BBB has created a 530A to shield their children from the rough times ahead. At $5k a year for 18 years a high school graduate can have near $100k waiting for them at high school graduation with no restrictions on use.
I vote in every mid-term, general, and this year I voted in my first primary. People not voting makes me so angry! Our forefathers literally spilled blood for the right to vote and people can't be bothered to register and then show up!
#Meanwhile, leopard face eating economy is booming!
That's right, leopards everywhere are gorging on faces of all shapes and sizes. Intoxicated on maga tears these leapards pose zero threat to you, but sadly you have to endure the stupidity and hardship of the now faceless morons.
But do not dispare, soon the face eaten idiots will start eating each other. The great implosion is approaching.
Konukaame | a month ago
>Consumer price inflation is projected to hit 6% for the first quarter, according to the Survey of Professional Forecasters, a blue-ribbon group that is polled each quarter by the Federal Reserve Bank of Philadelphia.
First quarter (article) or second quarter (headline)?
And I'd love to know what magic wand they see getting waved to justify this:
>Elevated inflation levels are expected to persist into the third quarter, with headline CPI projected at 3% and core at 2.9%. Both levels are expected to ease by the end of the year, with the fourth quarter at 2.5% and 2.7% respectively.
Because "things go almost back to pre-Iran-War normal by the end of the year" sounds crazy given everything that's happening right now.
Koufas | a month ago
2nd quarter
https://www.philadelphiafed.org/surveys-and-data/real-time-data-research/spf-q2-2026
I think theyre basing the forecast off oil prices tapering off towards year-end. Idt its consistent with Brent at 100 in Q4
Sea_Dawgz | a month ago
It’s so wild to see the billionaire media try and write off what’s happening now vs when they were all “RECESSION ANY DAY NOW, PROBABLY HERE ALREADY” for the entire Biden presidency.
SpaceyCoffee | a month ago
Propaganda is a helluva drug
content_enjoy3r | a month ago
Behavioral economics is never talked about enough. But it's pretty clear they were trying to will a recession into existence as a self-fulfilling prophecy, but it didn't work.
Prestigious_Load1699 | a month ago
Biden experienced two quarters of negative GDP growth in the first two quarters of 2022.
This was the traditional hallmark of a recession, so those concerns make considerable sense.
If we see the same under Trump I will levy the exact same analysis.
Beautiful_Finger4566 | a month ago
to be fair, we actually did hit a recession during Biden... he just changed the definition
Treadwheel | a month ago
Two quarters of negative growth never was the definition, it was just a rule of thumb popular in casual conversation because it was simple and usually aligned with more formal definitions. They actually had to lock the recession article on Wikipedia because people kept trying to cite it, realizing the two quarter rule was only mentioned in the context of the NBER refuting it, and trying to edit it to align with their own understanding.
Hairy-Hippo4707 | a month ago
Stupid is as stupid does as they say. When people have an agenda in this country, they will do anything to achieve it, even destroy the nation. I can't wait for 6 dollar gas out here in the midwest, then 28 $/lb meats and 8 $/lb veggies. It's coming... Iran was arguably the stupidest disaster in this country and people are finding out why every week.
Jest_out_for_a_Rip | a month ago
Inflation from an oil price shocks is fairly rapid and then the inflation rate moves back towards the baseline inflation rate. Basically, the price increases from higher energy costs get passed through fairly quickly and then prices stop rising faster because the price increase have already passed through. They aren't saying prices will go back down. They are saying the inflation rate, meaning the rate of price increases will go back down towards where it was.
https://www.federalreserve.gov/econres/notes/feds-notes/oil-price-shocks-and-inflation-in-a-dsge-model-of-the-global-economy-20240802.html
https://www.dallasfed.org/~/media/documents/research/papers/2026/wp2609.pdf
Test-NetConnection | a month ago
This heavily depends on how long the oil price shock sticks around. A company like FDP will eat the additional transportation and fertilizer costs in the short-term, but if we are talking a year or more then they will have to raise prices. It takes time for shocks like an oil shortage to work their way through the economy, and when it starts there tends to be a snowball effect. I don't see Iran giving up their nuclear material or trump retreating with his tail between his legs - Israel would have to take the stick out of his ass for that to happen. I'm betting on a prolonged conflict slowly escalating into a hot war that cripples global energy production. There are too many vested interests in watching the middle-east burn.
Jest_out_for_a_Rip | a month ago
Fairly rapid, per the studies I linked is 10 quarters. But most of it happens in the first 3. We aren't talking about this month versus next month. But by next year, the vast majority of the inflation will have already happened and we will be returning to baseline inflation. Basically, don't expect a decade of inflation.
Z3r0sama2017 | a month ago
Iran would have to be insane to give up it's nuclear ambitions, because it's abundantly clear from NK example that America doesn't pick fights with other nuclear powers. It's Irans' only really possibility of guaranteeing it's future security.
IPissExcellentThrows | a month ago
I'm in Bloomberg. It's for 6/30. The 3/31 figure is 2.65. 6/30 is 5.96. Weirdly, my terminal doesn't have their third and fourth quarter projections.
FeelingPixely | a month ago
Inside sources are reporting that US will escalate with Iran next week. Surely these projections don't take that into account.
OddlyFactual1512 | a month ago
Source?
liroyjenkins | a month ago
“Inside sources”
OddlyFactual1512 | a month ago
I mean, shouldn't we just do the thing where it's something we want to agree with and assume it's true? I wish the mods would start giving warnings and banning the accounts of those that post completely unsupported claims. Why?...
It's an economics sub. At the very top of the right it says: "Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline"
It's hard to justify this is what the forum is based on the nonsense comments.
FeelingPixely | a month ago
Ben Meiselas
I_Enjoy_Beer | a month ago
I am Jack's complete lack of surprise.
Can't imagine it will get much better in Q3 either. Between data center development sucking up all the power and driving everyone's electric bills up, gas prices continuing their upward climb, and those increased energy costs trickling into the production and supply chains for everything, this extremely foolish foray into yet another Middle East war is only going to make things increasingly more expensive, faster. And by his own admission, the guy behind it all isn't thinking of American's finances at all.
One of the worst own-goals in history.
dust4ngel | a month ago
> One of the worst own-goals in history
i can't wait for the history books to correct everyone that this wasn't a period of inexplicable incompetence, but intentional sabotage
aNewHope_v_ThaEmpire | a month ago
I know, right? It's infuriating that there are countless examples of writings, interviews, online posts and manifestos by the people now in power in which they've openly discussed their beliefs over the years, yet for some reason, no one seems to care to acknowledge that these primary sources exist.
They may have differing views on what the "new world" should like like, but what the likes of Elon Musk, Peter Theil, Stephen Miller, Kevin Roberts, Russ Vought all have in common is that they firmly believe that the current system should be totally destroyed so that their vision of a new system can come into existence.
Devaluing the USD so badly that it gets abandoned as the global reserve currency is a FEATURE, NOT A BUG. These people have openly stated that either 1)they they do not believe that the USD should be a thing anymore, eschewed in favor of crpyto taking it's place, or 2) that the USD could continue, but that it should stop being so intertwined in the rest of the world's business (removing it as the global reserve).
Skyrocketing hyperinflation is a FEATURE, NOT A BUG. They've also openly discussed the endorsement of the idea that anyone other than themselves shouldn't even own anything, that good and services to the average person should be provided in lease/subscription agreements that depend on your employment to even be eligible for. Basically, revival of the "company towns" that saw workers get paid in "company dollars" to shop at company-owned stores, and live in company-owned housing. But in order to facilitate this transition at scale, everyone first needs to be priced out of any other alternative by draining bank accounts and forcing foreclosures in order to buy everything up. After all, if your billions (trillions?) are mostly represented as stock value, your worth will actually rise as those stocks get more and more expensive during a period of hyperinflation.
Destroying the capability and credibility of public institutions is a FEATURE, NOT A BUG. These institutions have been the enemies of the people who are now in charge for their entire lives. These institutions were built as a bulwark against the very corruption, theft, and abuse that these people have always leveraged as the means to their wealth and power in the first place. If they can destroy these institutions, or better yet, convert them into perverted doppelgängers of themselves in service of their corruption, thievery and abuse, then they'll enthusiastically do so. And in the case that they aren't able to hold the power they've seized, they don't want any semblance of functional institutions left that may be later used to try and hold them accountable, or especially to rebuild themselves.
Again, this is not conjecture. This is what these people have been saying out loud, in public, repeatedly, for many years now.
There's always been a tacit understanding that political leaders say one thing before getting into power, and then act differently when taking office. Well we have to hand it to them, these people are now taking exactly the actions that support what they've explicitly and consistently promoted for their whole lives - which is the complete destruction of the status quo.
Maxamillion-X72 | a month ago
The part about the wealthy looking to devalue and remove the USD as the global reserve currency seems counterintuitive to me. Wouldn't that devalue their wealth? Wouldn't it limit the ability of the US and major US corps to raise funds through treasury bills and stock offerings because other countries would no longer have an excess of US funds collected through trade?
reciphered | a month ago
The massive domestic inflation caused by de-dollarization would spike interest rates. Owners who locked into low mortgage rates would have their homes effectively subsidized by the renters. This would deepen the rift in a K shaped economy
Prestigious_Load1699 | a month ago
Inflation hurts savers the most. It is illogical that the wealthy would advocate for high inflation.
EndersGame | a month ago
The wealthy can easily weather the storm. The rest of us will be forced to sell off assets. Especially as more people lose their jobs, homes, etc.
BasedKaleb | a month ago
The erasure of the dollar is the equal to the erasure of their debt. Also consider the benefit to the system of having all countries under the same digital currency, which is part of the NWO plan.
Prestigious_Load1699 | a month ago
The wealthy don’t have debt.
They have savings & investments, which are damaged by high inflation.
Illustrious-Lime-878 | a month ago
Global corporations do business all over the world. They have real assets and can issue debt at whatever rate or in whatever currency they want.
Caracalla81 | a month ago
Some version of this comment appears in basically every thread, so some people care about it.
Sea_Dawgz | a month ago
Might not happen. I have smart, knowledgeable friends in high places in media.
They know they are lying to people. They won't acknowledge their owners are nazis.
They are all "thru the looking glass" and have full on blinders shading the world from them bc they just wanna get a paycheck and go home.
It's crazy, these are people that spent decades trying to report the truth. Now they all just want to do what they are told.
Allydarvel | a month ago
They know. But as someone who works in the media, the industry is dying. They are well paid professionals. Where do they go if they get sacked? There's basically nowhere they will get anywhere near that money.
Your last line is mental. Do you think they choose what is shown on air, or appears in newspapers? There are editors and producers and layers of management who filter content. Submitting film or print that goes against their wishes is basically a resignation letter that will never be seen, or if you are lucky, appear for seconds before it's taken down or the transmission is cut.
They don't have blinders on. They know far more than you..but acknowledging that is different..what is the old saying.."It is difficult to get a man to understand something when his salary depends upon his not understanding it.
They want nothing more than to search for the truth..but US citizens decided the truth is too hurtful and elected Trump.
tartrate10 | a month ago
Can already see the Yeltsin comparisons.
Z3r0sama2017 | a month ago
AI bro's must be super pissed about the USreal war. It already looked like it was going to be super impossible to make a profit from LLM's and then the running costs spiked further all the way too the moon.
ScoffersGonnaScoff | a month ago
Good thing my corporate America job in healthcare slashed my benefits across the board from insurance, severance, to my 401k. That 1% raise this year doing some heavy lifting for me.
Thank god the CEO and shareholders decided to hide behind the A.I. hype while laying off 40,000+ people while simultaneously outsourcing tens of thousands of jobs to India.
I wouldn’t be able to sleep if my company helped US employees instead of the top dudes raking in stock compensation. Who needs sustainability? Just gotta chase the next best quarterly results and lie to the workers.
Stack0verf10w | a month ago
No raise, bonus, or equity in 4 years here. Company doesn't 401k match either and I think in 4 years I've only ever heard back from 4-5 companies when sending out resumes. I was getting ready to buy a house around covid when prices and rates exploded and its like my life has been on pause for the last 5-6 years with the goalposts just continual getting further and further away. Meanwhile idiots wonder why birth rates are down and everyone they know is on antidepressants. Add the idiocy/grift of the government over the last decade and its hard to have hope anymore, even with being in a decent position compared to a lot of people; at least I think.
Sorry to bitch, I'm frustrated.
memphisjones | a month ago
Which company do you work for? I think it’s time for people to start naming and shaming
Pjpjpjpjpj | a month ago
There is a very short list of companies that have laid off 40,000 people in the past 2 years.
UPS - 48,000
For those that have announced layoffs getting close to 40,000, there is:
Intel - 36,000-39,000 (15,000 then 24,000)
Amazon - 30,000
Oracle - 30,000
Wipro - 24,000
ScoffersGonnaScoff | a month ago
UHG, they disclosed 30,000 “voluntary” buyouts in 2025. Across the board and multiple sectors of the United healthcare and Optum and all of the other entities… I’m certain there’s more than 10 K additional since 2025 from hearing of whole departments being shut down in Optum, UHC and smaller entities. With a hiring freeze… yet had a MASSIVE amount amounts of outsourcing.
Kind of nuts how inefficient the United States is with healthcare even with all these shortcuts they take….
And the subsidizing
(if they’re not laying off more than 50 people in one area of the country at any given time they are not legally required to disclose the layoffs, what we see is incremental nationwide downsizing. Purposefully crafted to where they don’t have to disclose it to the public)
SanDiegoDude | a month ago
You first. Seriously. If you're not willing to throw yourself under the bus, why demand others do it? Cuz I sure af wouldn't risk my livelihood for some useless reddit upvotes. Just sayin'
memphisjones | a month ago
I work for Autozone. Now you go
Pjpjpjpjpj | a month ago
The only company to cut more than 40,000 employees is UPS, which cut 48,000.
The company has more than half a million employees. It's not like they are going to know who this one person is.
Krystarado | a month ago
smh the AI hype cover is so transparent at this point. layoff 40k, outsource the rest, pay the CEO in stock. classic
ErectionEngineering | a month ago
Should’ve studied comp sci!!
everyeargiants | a month ago
No no. Trades. Should have got into the trades.
ScoffersGonnaScoff | a month ago
Agreed
liroyjenkins | a month ago
You are in healthcare. Start your own company and pay people fairly. Almost everyone in healthcare has a skill that would translate to some sort of independent contractor company.
jarena009 | a month ago
I'd be interested to see the impact on consumer spending now vs the prior inflation spike, given back in 2022 there was thousands of dollars per household from COVID stimulus to cushion the blow (increased disposable income, savings), plus there was a hiring and job hoping bonanza 2022 through 2023 (however since then jobs are highly fragmented, with losses or stagnant in key sectors). Households may have less of an ability to take on these increased prices.
Doctor_Shotbottom | a month ago
Is there anyone in this country who doesn't want this to stop? Is there anyone who is confused about how to stop it come November? Just checking. We should all be following the same playbook this fall.
YouWereBrained | a month ago
MAGA justifies it by saying it’s temporary pain for long-term gain. They’re hypocritical assholes.
Momoselfie | a month ago
It is long term pain for long term gain. Except the pain and gain are happening at the same time, depending on who you are.
Mostly pain....
IPredictAReddit | a month ago
To be honest, I'm not even clear on what the "gain" is. Iran will always hate the US, especially now that we've bombed their schools and basically printed up their religious fanatic recruitment posters for them. They were mostly held at bay in the region and represented little threat to the US before, so the gain is....back to the status quo before the war?
Icedidit | a month ago
Forever pain for the working class forever gain for the elite
DetoursDisguised | a month ago
They couldn't wear a face mask for a couple months due to the pandemic their guy refused to acknowledge because it was politically convenient, but now they're saying that we must be forced to accommodate their big "let's shut up about Epstein" distraction war / grift cycle?
I truly think our current circumstances necessitate a national divorce. Rogue agents are manipulating the functions of government to punish the world. We need to be separated from anyone who supports this regime for the world to have any chance.
bub166 | a month ago
The problem we have is a big one, but it's many orders of magnitude smaller than what the world would see if its largest economy suddenly underwent total Balkanization. That would entail likely the largest and most violent civil war the world has ever seen, crippling supply chain disruptions and universal famine across the world's largest food exporter, the complete collapse of the currency the world still (for now) relies on for stability, many of the banks various nations hold their money in... And with the immediate splintering of the world's largest military, a complete and total reset of the global balance of power would likely mean that this conflict becomes global in a matter of months. Alliances may be strained as of now, but imagine three or four different major US militaries (smaller factions abound), each with different agendas, each with access to at least parts of the current arsenal (including the hordes of nuclear weapons) that the US military maintains today. Imagine the bad actors of the world no longer needing to worry about them being able to act as one cohesive unit.
Do you still think that's a good idea? I can understand being angry about the situation the US has put itself and the world in right now, you should be, I certainly am. Anyone cheering for what you're suggesting though is a moron. To call such a divorce "catastrophic" would really be underselling it, we'd be lucky if the worst to come of it was a worldwide, generation-long economic depression and a war that leaves millions dead. If you hope for that lightly, you're at least as cold as those who put us in this position to begin with.
DetoursDisguised | a month ago
Well, if my only options living here are violent death or being subjugated by my neighbor, then just put me against the wall.
I've voted every time. I did what they wanted me to do. It's not working because it doesn't want to work, and I'm at the mercy of those who don't want it to work.
Why can't I have something that works? I can't point at myself, everyone knows what the problem is.
xeyed4good | a month ago
Pain for thee but not for meee.
snoogins355 | a month ago
Cult has to cult!
dust4ngel | a month ago
> Is there anyone in this country who doesn't want this to stop?
33%:
so as you see, we have to keep electing MAGA even though they are blowing the country up, because they're using conventional explosives, rather than the radioactive explosives that kamala would have used. also she has a weird laugh.
Happy_Feet333 | a month ago
You forgot to add that Kamala was personally killing every single Gazan in all of space and time, so it was a moral imperative for Democrats to not vote for her.
"No compromise on Genocide!" was the mantra.
Shaskakmat | a month ago
And Kamala laugh funny
Overwatchhatesme | a month ago
Well the party gerrymandering the country is trying to make it to where it doesn’t matter how many peoples lives they destroy. They warp a system to only benefit them then whine and complain when people do much as criticize them doing so or what the system is and have the audacity to call those people who haven’t even so much as openly protested it “domestic terrorist”
Snapingbolts | a month ago
I am really hoping the Gerrymandering fails because its always based on historic voting trends so a larger than expected turnout would make these thin margin districts much more competitive in red states.
Barnyard_Rich | a month ago
It won't. I worked in politics for 20 years and once it became the norm for the politicians to choose their constituents instead of the other way around, the only thing that could stop it was the Supreme Court.
Instead, the Court essentially released pages of semen because they couldn't control how happy they were about gerrymandering ending representation.
Phugasity | a month ago
https://ballotpedia.org/U.S._House_battlegrounds,_2026
43/435 House seats are contested. ~10%
Gerrymandering in the age of big data works because people, in large numbers, are predictable.
Saephon | a month ago
[ Removed by Reddit ]
Richandler | a month ago
I mean technically it doesn't matter. It's just and expression of how people value everything around them. If you're being valued less, then maybe do something about that. Most people don't.
LogicalBichon | a month ago
a democrat isn't going to stop the iran war, if that's what you're implying
OddlyFactual1512 | a month ago
>In the most recent forecast three months ago, the panel put the expected consumer price index gain at just 2.7%. However, that was just before the U.S. and Israel launched attacks against Iran
So, whoever made the decision to enter into a conflict with Iran is solely responsible for a jump in inflation expectations of 3.3%. Winning.
Scrandon | a month ago
Don’t forget that same person’s brain dead tariffs were the reason 2.7% was the starting number instead of 2.0%.
HolyMoleyGuacamoly | a month ago
we had it pretty good
chpbnvic | a month ago
Does Trump really trust that he's rigged the midterms well enough that the people who didn't vote at all in 2024 or people who voted for him aren't going to now vote for whoever the Blue side is rather than the obviously corrupt GOP?
1900grs | a month ago
Yes and don't worry, there will be more actions to come. The entire GOP knows that if they don't win, there will be consequences. I would love to see assets and bank accounts frozen and jail time for all the corruption, but I just don't see current federal Dems prosecuting all the crimes. They didn't do it during the Biden admin, there are only a select few calling for consequences, so the best we can seemingly hope for is a reduction in harm. But we're hosed for generations.
EndersGame | a month ago
Yep, the midterms will be 100% rigged. They are going all in. We live in a fascist country now.
Also, 99% of the people that voted for him are in a cult and still worship MAGA. The people that didn't vote at all aren't voters. They don't see the value of voting or they simply dont care about any of it.
It will be easy for them to rig the midterms. I know this is a defeatist attitude but we have been defeated. I don't see massive protests every weekend or even every month. I don't see general strikes being planned. Democrat leaders are rolling over. The SC is compromised. The opposition party is more opposed to progressives than they are republicans.
It is already game over. It wouldn't be game over except I don't see even the most ardent Trump haters getting ready to take any action. Since 2016 everybody has been counting on somebody else taking action, like Mueller, Jack Smith, impeachment, etc. Everybody is just full of copium, waiting for the next thing that is gonna put a stop to Trump for sure this time. Anyday now Trump supporters will turn on him...anyday now Trump's administration will collapse under the weight of its incompetence.
We expect things to just fix themselves on their own I guess. If all you are willing to do is show up every 2 years to vote against fascism and go to a few protests a year, you are part of the problem.
SanDiegoDude | a month ago
Folks around here were calling bullshit hard every time the Biden admin would roll out those words 'Transitory Inflation'. Good to see they're doing it again now that this admin is trying the same hand-waiving nonsense. JFC, get ready to tighten those belts even further.
OddlyFactual1512 | a month ago
'Transitory Inflation' was the term the independent Federal Reserve used early in the inflationary cycle. I'm not sure how you equate the independent Federal Reserve with the Biden administration.
Rude_Mirror7441 | a month ago
If that’s true then they need to fking raise interest rates before a loaf of bread costs $20. God our government officials are so fking mentally retarded it’s not even funny.
OddlyFactual1512 | a month ago
You should take the 2 minutes to read the article.
LowellForCongress | a month ago
Once Powell is out, and the new trump Fed chair is lowering the interest rates, should make inflation even worse. Here is another sentence that confirms what I just said. Further, I would like to have a 3rd sentence, so my comment doesn’t get auto removed.
In conclusion, here is an additional paragraph that further proves my point.
OrcOgi | a month ago
Brother stop spread such blatant lies. The enitre fed board must vote for it to pass. Really wish the 22 year old idiots would not be allowed on here anymore when they present dumb opinions as facts.
Antique_Remote_5536 | a month ago
What about us 24 year old idiots?
DomProLuxPolished | a month ago
The same thing happens when talking about Social Security. All the knowledge they have is surface level (they only read titles).
1-Dollar-Doge-Coins | a month ago
> and the new trump Fed chair is lowering the interest rates
Interest rates aren't going lower anytime soon.
Doafit | a month ago
So interest rates going up like crazy and I will never be able to buy a home, even though I earn quite well.
Well fuck me for not buying in 2020 like my peers....
Low_Ability4450 | a month ago
Feels like the story isn’t just the inflation number but how fast expectations changed baucause going from 2.7 to 6% in one survey revision is a quiete dramatic repricing of the outlook
128-NotePolyVA | a month ago
Gas was at $4.53 last night. The tariffs we pay for are the new normal, tariffs won’t ever replace income tax we pay both, and inflation is back in an upward trajectory.
What will earnings calls be like in Quarter 4? You can’t squeeze blood from a stone. We’re lucky to make an IRA contribution, it gets harder every week.
In the meanwhile, the BBB has created a 530A to shield their children from the rough times ahead. At $5k a year for 18 years a high school graduate can have near $100k waiting for them at high school graduation with no restrictions on use.
GearTwunk | a month ago
You all have enough energy to write a whole paragraph on reddit bitching about this but you can't be bothered to show up and vote
You have the economy you deserve
Snapingbolts | a month ago
I vote in every mid-term, general, and this year I voted in my first primary. People not voting makes me so angry! Our forefathers literally spilled blood for the right to vote and people can't be bothered to register and then show up!
1-Dollar-Doge-Coins | a month ago
How do you know the people here aren't voting?
B00marangTrotter | a month ago
#Meanwhile, leopard face eating economy is booming!
That's right, leopards everywhere are gorging on faces of all shapes and sizes. Intoxicated on maga tears these leapards pose zero threat to you, but sadly you have to endure the stupidity and hardship of the now faceless morons.
But do not dispare, soon the face eaten idiots will start eating each other. The great implosion is approaching.