We Dig Into CPI Report To See What Is Happening

[taskmaster4450le]

▶️ Watch on 3Speak

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This did not come as a great surprise to those who watch this channel. Energy costs were down for the month of July as oil prices dropped.

In this video we dig into the numbers to determine if what we forecast at the beginning of the year is starting to take shape.

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▶️ 3Speak

Comments

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[thelogicaldude]

What I am loving is that people are like oh yay, it dropped, let's pump it! What they are missing is that the money is still being devalued at 8.5% per year, so we are still getting screwed. The average yearly raise at a decent company is 3%.

Things are not looking good and as I don't want to rush through my daughter's senior year, but I am really looking forward to getting back to the farm so I can get it going into some self sustaining awesomeness, lol. I have been paying attention to the farmers more than any other industry and yeah, the ones that are gov't subsidized are screwed and are being ordered to basically kill all crops.

As we may be temporarily getting some relief in some sectors, the damage, in my dudely opinion, has already been done and the Titanic is starting to sink.

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[dwayne16]

Good to see that the price of food, gasoline etc dropped in price but not here in Africa. The economy situation here is bad

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[jfang003]

The demand destruction is real because people don't have as much discretionary income to spend. I have seen quite a few videos about the car market and I have seen some of them even buy more lots to store cars because they expect a lot of people to lose their cars (people who didn't feel like making their monthly payments).

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