#Inflation #yahoofinance #realestate
Yahoo Finance’s Rick Newman joins the Live show to break down the six items that will get cheaper in 2023.
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The headline is soooo misleading
The truth is with this recent economy Everyone needs more than there salary to be financially stable The the best thing to do with your money is to invest it rightly because money left for saving always end up used with no returns…..
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Things get “cheaper” when you have deflation, not disinflation. A lower inflation number just means prices are getting more expensive at a slower pace. That is not cheaper. More expensive is more expensive.
Precisely
They didn’t address your point as head-on as they should have, but the used car chart clearly shows price DECLINES, not just decreases to the rate of price increase.
For some of the other things, like real estate, declines are happening, but the charts are showing the macro look at these things, not individual markets, some of which have declines, whereas in others, prices are stable or possibly slightly up. Also, the charts are retrospective looks, like prospective looks, which is what they were talking about here since they are clearly talking about 2023.
As they said, for things like food overall, we should expect continued price increases, although possibly at a slower rate (disinflation). And, yes, expensive is more expensive in that area and in some others.
@Kevin S you’re mad that prices aren’t MODERATING enough to afford living essentials?
@Alexander Haro You mean NOT mad? Sure, but the original comment was rather broad brush.
The Fed is a joke. They, along with Congress’ spending, cause the inflation, deny it will be persistent and are slow to respond to it. The monetary and fiscal policies of the U.S. are shameful. Inflate the bubble; pop the bubble; always leaving average citizens to bear the costs.
@Kevin S there’s no other way to put it unless you get more specific, but seeing your latest comment gave you more respect because yes, the Fed is responsible for the excessive QE. I’d like to explain why Cost of living will hold and go higher, but it would take a looong post. I’ll just refer to IMF director Kristalina Georgieva face the nation interview. Global supply chains are not diversified and won’t allow costs to go down especially after pandemic and geopolitical tensions. Again I fully respect your view because yes, that was the play of the past.
What no one talks about is recession and the Fed is forced to keep rates normal because we’ll still have above 4% inflation
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None of those are getting cheaper only offset of interest rates … once interest rates fall the prices are only bound to go .. it’s a party only for cash players