Liberal Forum

June CPI Report Forecasts

Forecasts for the June CPI report predict that headline inflation will slow but core prices will keep rising, according to FactSet. The CPI is forecast to rise 0.3% in June after rising 0.1% in May. Core CPI is forecast to rise 0.3% for the month versus 0.4% in May.

With the June report from the Bureau of Labor Statistics due out Wednesday morning, economists are calling for inflation to clock in at just over a 3% annual rate, which would be the slowest year-over-year increase in the CPI since March 2021 and down significantly from the 9.1% rate in July 2022, when inflation was running at a four-decade high. 

“Headline inflation is falling very rapidly and right in line with what history suggests, which is that steep increases in inflation are followed by similarly large decreases in headline inflation,” says Joseph LaVorgna, chief economist at SMBC Nikko Securities. “So we’re going to have a headline number that would be somewhere in the low threes come from Wednesday, and that’s of some importance because that’s going impact inflation expectations.”

——

Inflation at 3% is still 50% over the Federal Reservd target of 2%, so the Fed will likely raise rates another quarter point in July.

But if numbers like this keep on coming in, Fox News will have to devote three more delicious blondes and a couple more angry old men to keep Hunter Biden on the top of their news cycle.

Joe Biden has almost the same approval numbers in July 2023 as Ronald Reagan had in July 1983.

Joe can’t win 49 states like Reagan did in 1984 

But he might win all the states he won in 2020 plus North Carolina, Ohio, Iowa, Alaska, Florida, and Texas for a total of 400 hundred electoral votes, which would be the greatest landslide since 1984.

And Republicans have to spend enormous amounts of money to even keep states like Texas and Florida and Ohio which could  be better spent elsewhere.

The only downside for Democrats to win a landslide in 2024 would be the End of Trump.

After the next recession comes, a decent Republican who isn’t a clown, will be hard to beat.







 

Still higher than long term average

Basic Info. US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year. This is higher than the long term average of 3.28%.

Sumela » 11 Jul 2023, 7:36 pm » wrote: ↑

11 Jul 2023, 7:36 pm

Still higher than long term average

Basic Info. US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year. This is higher than the long term average of 3.28%.

That’s accurate today.

The forecast is 3.1% year headline inflation to year, tomorrow.

Core inflation (excluding gas and food) remains sticky, about 4%.

Most of the reason inflation is not 2% is rent inflation.

My dead ancestors are watching me, or else I could more than double the rents on the three homes I inherited from them.

If it is a decent, clean, two or three bedroom home the new rental rates start at a thousand a month.


And why?  Over a million people died from Covid, and they only need a small space in the graveyard.

The best theory I’ve head about why rentals doubled is, that Trump tossed out about four trillion dollars of borrowed  money to fight Covid.  Biden didn’t give away half that much, but quite a lot.


Young couples used that Covid spending on housing.




 

Bruce » 11 Jul 2023, 7:54 pm » wrote: ↑

11 Jul 2023, 7:54 pm

That’s accurate today.

The forecast is 3.1% year headline inflation to year, tomorrow.

Core inflation (excluding gas and food) remains sticky, about 4%.

Most of the reason inflation is not 2% is rent inflation.

My dead ancestors are watching me, or else I could more than double the rents on the three homes I inherited from them.

If it is a decent, clean, two or three bedroom home the new rental rates start at a thousand a month.

And why?  Over a million people died from Covid, and they only need a small space in the graveyard.

The best theory I’ve head about why rentals doubled is, that Trump tossed out about four trillion dollars of borrowed  money to fight Covid.  Biden didn’t give away half that much, but quite a lot.

Young couples used that Covid spending on housing.

Tell you what, Brucie.

When the idiots you support get the inflation rate down to the 1.4% that Biden inherited from Trump, you be sure to let us know, OK?
Meanwhile, your belief in such a great economy is finding that wage growth is barely able to offset  rising prices as a direct result of Biden's inflation.
So you think you got a raise, huh?    

Year-Over-Year Inflation Slips Again, Real Wages FallBy Kathryn Mayer  February 14, 2023
https://www.shrm.org/resourcesandtools/ ... index.aspx

Dollar stores where people are going to avoid higher inflation abuse at most other stores has risen by 25%. Many products have been reduced in size along with fast food hamburgers, etc. Maybe some wholesale products and services have only risen by 5%.

To suggest inflation is in reverse is a fool's errand, what better fool than Bruce to post the lie.

Bruce » 11 Jul 2023, 7:30 pm » wrote: ↑

11 Jul 2023, 7:30 pm

Joe Biden has almost the same approval numbers in July 2023 as Ronald Reagan had in July 1983.


 

The difference being Reagan was underwater by 5 points...Biden is underwater by 14 points.

Bruce » 11 Jul 2023, 7:30 pm » wrote: ↑

11 Jul 2023, 7:30 pm

June CPI Report Forecasts

Forecasts for the June CPI report predict that headline inflation will slow but core prices will keep rising, according to FactSet. The CPI is forecast to rise 0.3% in June after rising 0.1% in May. Core CPI is forecast to rise 0.3% for the month versus 0.4% in May.

With the June report from the Bureau of Labor Statistics due out Wednesday morning, economists are calling for inflation to clock in at just over a 3% annual rate, which would be the slowest year-over-year increase in the CPI since March 2021 and down significantly from the 9.1% rate in July 2022, when inflation was running at a four-decade high. 

“Headline inflation is falling very rapidly and right in line with what history suggests, which is that steep increases in inflation are followed by similarly large decreases in headline inflation,” says Joseph LaVorgna, chief economist at SMBC Nikko Securities. “So we’re going to have a headline number that would be somewhere in the low threes come from Wednesday, and that’s of some importance because that’s going impact inflation expectations.”

——

Inflation at 3% is still 50% over the Federal Reservd target of 2%, so the Fed will likely raise rates another quarter point in July.

But if numbers like this keep on coming in, Fox News will have to devote three more delicious blondes and a couple more angry old men to keep Hunter Biden on the top of their news cycle.

Joe Biden has almost the same approval numbers in July 2023 as Ronald Reagan had in July 1983.

Joe can’t win 49 states like Reagan did in 1984 

But he might win all the states he won in 2020 plus North Carolina, Ohio, Iowa, Alaska, Florida, and Texas for a total of 400 hundred electoral votes, which would be the greatest landslide since 1984.

And Republicans have to spend enormous amounts of money to even keep states like Texas and Florida and Ohio which could  be better spent elsewhere.

The only downside for Democrats to win a landslide in 2024 would be the End of Trump.

After the next recession comes, a decent Republican who isn’t a clown, will be hard to beat.

I see the word "Forcast" a lot and some other woulda, coulda, shoulda type things but nothing concrete....is this supposed to be another pretend progressive democrat / GOP Rino version of "Hope and Change?"...or just an in your face attempt to blow smoke up the voters asses

Bruce » 11 Jul 2023, 7:54 pm » wrote: ↑

11 Jul 2023, 7:54 pm

That’s accurate today.

The forecast is 3.1% year headline inflation to year, tomorrow.

Core inflation (excluding gas and food) remains sticky, about 4%.

Most of the reason inflation is not 2% is rent inflation.

My dead ancestors are watching me, or else I could more than double the rents on the three homes I inherited from them.

If it is a decent, clean, two or three bedroom home the new rental rates start at a thousand a month.

And why?  Over a million people died from Covid, and they only need a small space in the graveyard.

The best theory I’ve head about why rentals doubled is, that Trump tossed out about four trillion dollars of borrowed  money to fight Covid.  Biden didn’t give away half that much, but quite a lot.

Young couples used that Covid spending on housing.

You were able to double your rental income because HOME PRICES have so greatly exceeded that 3.1% rate you think is so good!
In my neighborhood, single family homes have increased by over 15% since your idiot took office.

 

Zeets2 » 12 Jul 2023, 10:13 am » wrote: ↑

12 Jul 2023, 10:13 am

You were able to double your rental income because HOME PRICES have so greatly exceeded that 3.1% rate you think is so good!
In my neighborhood, single family homes have increased by over 15% since your idiot took office.

OH! I went up to the town office to ask WHY my property taxes went up 600 dollars in One year. Mad. The lady up there- said hers went up 1200$. she's nice... I said why.
She said the  Covid germa- phobes from outta state came up here during the covid... Bought up homes. And paid 3 times what they were worth!  It some how came  down to all the homes being re-accessed. But in reality- I doubt I would get more for mine then last year.
They'll never get their money back when this blows over. This is not a rich area. The homes are nothing special. trust me.

 

ConsRule » 12 Jul 2023, 10:03 am » wrote: ↑

12 Jul 2023, 10:03 am

The difference being Reagan was underwater by 5 points...Biden is underwater by 14 points.

Same headlines though.  I lived through 1983.

—-The consumer price index rose 0.2% in June and was up 3% from a year ago, the lowest level since March 2021.Excluding food and energy, core CPI increased 0.2% and 4.8%, respectively.Soft gains in food prices and declines in used vehicle and airline prices helped keep inflation down, while shelter prices continued to rise.Worker wages adjusted for inflation increased 1.2% from a year ago.
—-

There is one huge difference.

Uncle Joe is lowering deficits each month as federal revenues increase and federal spending decreases on poverty programs.

Reagan was a reckless spender of borrowed money.


I adored and worshipped Reagan, but the national debt tripled on his watch.
 

sootedupCyndi » 12 Jul 2023, 11:45 am » wrote: ↑

12 Jul 2023, 11:45 am

OH! I went up to the town office to ask WHY my property taxes went up 600 dollars in One year. Mad. The lady up there- said hers went up 1200$. she's nice... I said why.
She said the  Covid germa- phobes from outta state came up here during the covid... Bought up homes. And paid 3 times what they were worth!  It some how came  down to all the homes being re-accessed. But in reality- I doubt I would get more for mine then last year.
They'll never get their money back when this blows over. This is not a rich area. The homes are nothing special. trust me.

Did you get re-accessed as well?
When they do that, it's usually an accumulation of your home value increases over many years, not just the past two.
Can you fight it?


 

sootedupCyndi » 12 Jul 2023, 11:45 am » wrote: ↑

12 Jul 2023, 11:45 am

OH! I went up to the town office to ask WHY my property taxes went up 600 dollars in One year. Mad. The lady up there- said hers went up 1200$. she's nice... I said why.
She said the  Covid germa- phobes from outta state came up here during the covid... Bought up homes. And paid 3 times what they were worth!  It some how came  down to all the homes being re-accessed. But in reality- I doubt I would get more for mine then last year.
They'll never get their money back when this blows over. This is not a rich area. The homes are nothing special. trust me.

Another area where Biden was actually more lucky than good, was that home prices for landlords increased most of all.

Which made me, and millions more like me, the poorest rich people in the world.

But this is extraordinarily good fortune for landlords, just wonderful beyond measurement.

My wife and daughter used to urge me to take a bulldozer to my grandparents home when the old tenant eventually dies.

Now my daughter is going to go paint it.

Because when I rise to worlds unknown, she’s going to double or triple the rent.

The house demolition business must be hurting.
 

Bruce » 12 Jul 2023, 12:28 pm » wrote: ↑

12 Jul 2023, 12:28 pm

Another area where Biden was actually more lucky than good, was that home prices for landlords increased most of all.

Which made me, and millions more like me, the poorest rich people in the world.

But this is extraordinarily good fortune for landlords, just wonderful beyond measurement.

My wife and daughter used to urge me to take a bulldozer to my grandparents home when the old tenant eventually dies.

Now my daughter is going to go paint it.

Because when I rise to worlds unknown, she’s going to double or triple the rent.

The house demolition business must be hurting.

It didn't help me! My second home I inherited.
Had a deadbeat tenant in it. Couldn't get him out because of the covid. For 3 years!  No rent.  sat like a squatter- had to do a voluntary foreclosure
I have my own house- in no way could i  pay for two!.
two sides to every story...
 

Zeets2 » 12 Jul 2023, 10:13 am » wrote: ↑

12 Jul 2023, 10:13 am

You were able to double your rental income because HOME PRICES have so greatly exceeded that 3.1% rate you think is so good!
In my neighborhood, single family homes have increased by over 15% since your idiot took office.

I was brought up to never raise the rent on a tenant, and I never have.

The oldest of my three homes I inherited was built in 1932 by my grandparents when their old home burned.
It cost $1,800 to build. I have the original contract with the builder.  Insurance paid it all.

My grandfather died in 1952 and my Mammy died in 1960.  I’d remember Mammy if she walked in the door today and I last saw her when I was two, in her casket.

Since 1960, the rent started at $30, my mother raised it to $60, then $100, then $150, then $200, then $250, then $300, then $350, and her last renter from 2008 at $400 is still there.

I could get a thousand tomorrow, but it needs a little painting on the eves.

The price I’d get if I sold seems fantastic to me.


But Mammy is watching me.  She’d lead me out to the summer kitchen and I’d help her wash the rocks it was built from, with a bucket of water drawn from the cistern.

When I tell a story, it’s as I remember it, exactly.

My family will not have those images burned inside their memory. 

So I need to outlive the poor old man paying me $400 a month for a home that was given to me, free of charge, from people who would sooner died than oppress the poor and needy.

 

Bruce » 12 Jul 2023, 12:53 pm » wrote: ↑

12 Jul 2023, 12:53 pm

I was brought up to never raise the rent on a tenant, and I never have.

The oldest of my three homes I inherited was built in 1932 by my grandparents when their old home burned.
It cost $1,800 to build. I have the original contract with the builder.  Insurance paid it all.

My grandfather died in 1952 and my Mammy died in 1960.  I’d remember Mammy if she walked in the door today and I last saw her when I was two, in her casket.

Since 1960, the rent started at $30, my mother raised it to $60, then $100, then $150, then $200, then $250, then $300, then $350, and her last renter from 2008 at $400 is still there.

I could get a thousand tomorrow, but it needs a little painting on the eves.

The price I’d get if I sold seems fantastic to me.

But Mammy is watching me.  She’d lead me out to the summer kitchen and I’d help her wash the rocks it was built from, with a bucket of water drawn from the cistern.

When I tell a story, it’s as I remember it, exactly.

My family will not have those images burned inside their memory. 

So I need to outlive the poor old man paying me $400 a month for a home that was given to me, free of charge, from people who would sooner died than oppress the poor and needy.

Sorry, but you don't get accolades for being an extremely poor businessman.
 

Sumela » 11 Jul 2023, 7:36 pm » wrote: ↑

11 Jul 2023, 7:36 pm

Still higher than long term average

Basic Info. US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year. This is higher than the long term average of 3.28%.

Please be gentle...Bruce has panicked cause Biden sucks in all categories.     

Bruce » 12 Jul 2023, 12:53 pm » wrote: ↑

12 Jul 2023, 12:53 pm

I was brought up to never raise the rent on a tenant, and I never have.

The oldest of my three homes I inherited was built in 1932 by my grandparents when their old home burned.
It cost $1,800 to build. I have the original contract with the builder.  Insurance paid it all.

My grandfather died in 1952 and my Mammy died in 1960.  I’d remember Mammy if she walked in the door today and I last saw her when I was two, in her casket.

Since 1960, the rent started at $30, my mother raised it to $60, then $100, then $150, then $200, then $250, then $300, then $350, and her last renter from 2008 at $400 is still there.

I could get a thousand tomorrow, but it needs a little painting on the eves.

The price I’d get if I sold seems fantastic to me.

But Mammy is watching me.  She’d lead me out to the summer kitchen and I’d help her wash the rocks it was built from, with a bucket of water drawn from the cistern.

When I tell a story, it’s as I remember it, exactly.

My family will not have those images burned inside their memory. 

So I need to outlive the poor old man paying me $400 a month for a home that was given to me, free of charge, from people who would sooner died than oppress the poor and needy.

I have had TWO crooks since 2008. Try to steal what was rightfully mine. That had nothing to do with my family!  The one before the last- ended up pushing up daisys.  the locals said it was the stress of me.  
 

Bruce » 12 Jul 2023, 11:51 am » wrote: ↑

12 Jul 2023, 11:51 am

Same headlines though.  I lived through 1983.

—-The consumer price index rose 0.2% in June and was up 3% from a year ago, the lowest level since March 2021.Excluding food and energy, core CPI increased 0.2% and 4.8%, respectively.Soft gains in food prices and declines in used vehicle and airline prices helped keep inflation down, while shelter prices continued to rise.Worker wages adjusted for inflation increased 1.2% from a year ago.
—-

There is one huge difference.

Uncle Joe is lowering deficits each month as federal revenues increase and federal spending decreases on poverty programs.

Reagan was a reckless spender of borrowed money.

I adored and worshipped Reagan, but the national debt tripled on his watch.

Now you're changing the subject.  You were touting Stink Fingers approval rating being similar to Reagan, while ignoring the disapproval that is always include in those discussions.  Those that disapprove are, in my opinion, a more meaningful number.  Both parties have "yellow dog" members who will always be in the approve group...independents and cross-over voters typically fall in the disapprove group.
 

sootedupCyndi » 12 Jul 2023, 12:36 pm » wrote: ↑

12 Jul 2023, 12:36 pm

It didn't help me! My second home I inherited.
Had a deadbeat tenant in it. Couldn't get him out because of the covid. For 3 years!  No rent.  sat like a squatter- had to do a voluntary foreclosure
I have my own house- in no way could i  pay for two!.
two sides to every story...

Mam,
Easy-peasy, ......cowgirl.
Here is the trick.
Hire the right mercs.
(yes, .........me & Skan-Dog are expensive).

We just go camp with your little buddy.
Look him in the eye.
He will get the picture.      Easy.                             LOL.......  

Yes, we need a good check......at the end of the day.             
https://youtu.be/1ST9TZBb9v8