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China’s leaders speed towards Japanisation
(www.reuters.com)
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this post was submitted on 22 Oct 2023
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Deflation is the worst. Why buy something this month when you know it's going to be cheaper next
This old trope
In fact tech has always been a very deflationary sector (as in the longer you wait, the more you get for your money) yet it's pretty profitable. Nobody would ever get a phone by that logic
You only get more if you wait and buy that spec. Latest spec is always more and subject to inflationary shocks like covid supply chain disruption with semis.
Which is probably why they are terrified that the newer specs are not growing at the rates that make it required to get.
If you can't sell them on the newest chip at 4% faster then it starts to just roll back into deflationary and you need more people to buy it, like buly pushing an AI boom.
rip Nvidia bers
I don't think that's a realistic comparison. Deflation is just about money whereas technology has actual usage and each iteration is more powerful. Money is exactly the same now and ever, a mean to exchange value.
Especially food /s
Food is excluded from core inflation because demand is constant
Because I need it now? I don't postpone stuff like food, water and medicine. And even other stuff that bring comfort like travel or hobbies.