The Economy

The thing about inflation is, the rate can go to zero but most prices will still remain high. That takes a while for consumers to absorb. Will it take a little more than a year? We'll see.

 

I’ve noticed the grocery having to put lots of things continuously on sale to counteract now-inflated prices. Coffee is one of those things constantly on sale now.

 

Yeah, gasoline has dropped under $3 in my neck of the woods, but that box of cereal isn't going to drop below $7(!!) at Publix.

 

My go to everyday coffee is Folger's Black Silk. If I keep an eye out I can generally get it at half price as a Publix BOGO. I love that they honor the half price if you buy one of something that's on a BOGO, and if I see something that is a pantry staple will buy those on sight. My last grocery run there I spent $100 and got $20 off on them.

 

We have a can of coffee delivered every two weeks from Amazon. It's about half the price as in the store.

 

Didn't know Hess was still around.

Chevron to Buy Hess for $53 Billion in Latest Oil Megadeal

 

Hard times for the fossil fuel business. Hard times.

These don't even run on gas.

They're electric.

Hess Toy Truck - A Tradition of Collectible Toys

 

Here is why this is bad news for Joe Biden.

 

Well, hopefully it's good news for Joe Driftwood because he wants to buy a new truck.

 

Is this good or bad news for Biden?

The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global headwinds.
Gross domestic product, a measure of all goods and services produced in the U.S., rose at a seasonally adjusted 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had been looking for a 4.7% acceleration in real GDP, which also is adjusted for inflation.

 

Maybe neither. People may have put off buying things in Q2 and relented and bought in Q3.