ST Alpha - "That is part of the inflation calculator. And the pace of increase has slowed dramatically. The economy isn't only (or even mostly) driven by policy" (Reading a Post)

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In response to "They are not outpacing the cost of housing. -- nm" by colin

That is part of the inflation calculator. And the pace of increase has slowed dramatically. The economy isn't only (or even mostly) driven by policy

Posted by pmb (aka pmb) Oct 23 '24, 08:45

Rents and housing got messed up by the pandemic with landlords having restrictions initially on rent increases and evictions (which cost many of them money as they weren't getting paid and had their own increasing costs) and then they moved to make up for their losses. A big factor in the lowering of inflation has been that the increases in housing have begun to roll off over time. Policy can help, but the economy is mostly pretty independent of policy. It's why the world economy tends to be affected as a whole rather than by individual policies. We've actually done much better than the rest of the world, and that difference is partly policy, but it can't change everything in a global economy.

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Problem isn’t a 12-month thing. - Will Hunting Oct 23, 08:51 1
- It was very dependent on where you live and very much caused by the pandemic. It wasn't Biden policy vs. Trump policy that made the difference. - pmb Oct 23, 09:17

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That is part of the inflation calculator. And the pace of increase has slowed dramatically. The economy isn't only (or even mostly) driven by policy

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