The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on December 15, 2023, 02:11:16 pm
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NBC’s Romans: We Have 10% Inflation Since November ’21 and Shelter Inflation ‘Really Troubling’
Ian Hanchett 15 Dec 2023
On Thursday’s broadcast of MSNBC’s “The Last Word,” NBC News Senior Business Correspondent Christine Romans discussed negative views on the economy and pointed out that over the past two years, the inflation level is 10% and that shelter costs that people can’t easily change their behavior to avoid have been “a real big part of the problem.”
Romans stated, “I think those inflation scars are really, really deep, and it will take a lot of time to heal those wounds. And I think that’s what the treasury secretary was sort of suggesting, that, over time, people are going to realize that the worst of the inflation is behind us and that things are getting better. That inflation situation was pretty scary coming out of the pandemic. I also think that…we talk about inflation rates, but Americans talk about price levels. And so, a 3.1% inflation rate…is on top of the 7% inflation in November last year. That’s 10% if you add those two together, right? Just for back-of-the-envelope math. So, people are still paying more for their grocery bill today than they were two or three years ago, and they know that.”
She added, “I do know that a big chunk of inflation is shelter costs. It’s the cost of housing, and that’s been really, really tough to turn the curve on. And Janet Yellen, the Treasury Secretary, yesterday, said, they think that those are going to start to come down, the shelter costs will start to come down next year. The Fed chief said the same thing. It takes a long time to turn sort of that chart. And they’re hoping that that — but shelter’s been a real big part of the problem. And Ali, you can switch which cuts of meat you buy at the grocery store if you’re trying to manage inflation in your grocery bill. You can’t change where you live overnight. And so, that’s why that part of the inflation story has been really troubling.”
Romans also stated that difficulty finding child care is a reason for dissatisfaction with the economy and that all the predictions about a recession in 2023 might be another factor.
more
https://www.breitbart.com/clips/2023/12/15/nbcs-romans-we-have-10-inflation-since-november-21-and-shelter-inflation-really-troubling/
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Know I am repeating from a previous thread, but I have been doing very thorough to the penny budgets for 15 years now, and yesteday when preparing 2024's , my expenditures from '23- to '24 went up 9.23%.
So when that idiotic curly haired wench gets up there and says inflation is 3%, have her give me a call. Lies, Lies, Lies, and lots of proof to back it.
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How did MSNBC let somebody get away with stating the fact that inflation is still a problem for Americans?
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Inflation is the greatest threat to Biden's re-election because is inflation is tangible, demonstrable, and directly effects every American that needs to pay for shelter, food, and heat.
Who gives a damn about American Democracy if it is non-responsive and detatched from the needs of the People.
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Inflation is the greatest threat to Biden's re-election because is inflation is tangible, demonstrable, and directly effects every American that needs to pay for shelter, food, and heat.
Who gives a damn about American Democracy if it is non-responsive and detatched from the needs of the People.
Especially when the word democracy means different things to us than it does to the administration
Democracy to the Biden administration means appointing a disinformation czar to monitor speech and labeling parents that show up to school board meetings with the domestic terrorist tag