Andrei Jikh: a call with no clear direction

Said on May 31, 2024, at 12:06 in the video.

What was said
Andrei Jikh

@andreijikh

“prices in general across the economy very rarely ever come down once they've been reset higher”
Watch at 12:06Why Fast Food Prices Are Out Of Control (The REAL Reason)
Predictiona call with no clear direction
What happened
Not scored

The direction of this call could not be determined with confidence, so it is held out of the score.

The window it was checked over

InflationWindow checkedRecession (NBER)
0%2%4%6%8%10%202120222023202320242025Said on May 31, 2024
0%2%4%6%8%10%2021202220242025Said on May 31, 2024

Consumer price index (CPI): U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

The direction of this call could not be determined with confidence, so it is held out of the score.

What was said around it

that's also partially why the Consumer Price Index is finally slowing down which is the good news but the bad news is the Consumer Price Index which tracks inflation only tracks the growth of prices but it's not really showing us that prices are going down that would be deflation which really hasn't happened yet and probably won't happen until there's some major changes wages come down which usually doesn't happen until there's massive layoffs because of a recession or if companies lose so much money that they have to Pivot and change their strategy prices in general across the economy very rarely ever come down once they've been reset higher one of the reasons for that is Wages once they're reset higher very rarely get pushed back down and and reset lower so here's what I think the real reasons are behind why fast food prices are getting out of control I think there is an element of corporate greed to it probably a lot more than the media likes to talk about and admit to us but I think the same is true for costs probably a lot more than people like to give them credit for and here's how I know this to be true the cost for everything including plastic and resins wood and lumber steel are

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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