Toy prices fall and so has a luxury retailer. You're listening to Motley Fool Money. I'm Ricky Mulvey joined today by Osset Sharma.

Osset Sharma.

Osset, good to see it once again in the virtual world.

Ricky, good to see you as always.

Let's start, so I want to have a little bit more fun on today's show. You know we're kind of wrapping up for the end of the year and there's there's some hardcore business stories we could we could really unpack the financials, but first let's start with the state of toys.

No let's do it Ricky I'm a little hurt for what this implies about our usual

get-togethers on this show but nonetheless let's have some fun.

It means that I'm trying to come on

To the end of the year we're trying to we're trying to go out smoothly I don't we don't need to we don't want you doing too too much homework today but

Holiday seasons rock and maybe

you're getting ready for some travel there's a business story here and the price of

toys is down 3% from last year little bit of a little bit of deflation in the economy. So what are you making of this?

Economist Paul Kirkman had a really interesting article in the Times very recently and he was arguing that inflation was indeed transitory

as some were saying like two years ago it just took a lot longer for those temporary

factors that were driving inflation to dissipate. I'll

quote here what happened in 2023 was that the economy finally worked out its

post-pandemic kinks with for, supply chain issues and the mismatch between job openings

and unemployed workers getting resolved.

So what he's saying, Ricky, is that we should expect a little bit of disinflationary pressure. This is normal and look it's not a bad

environment. We shouldn't read too much into the fact that toy prices are down. Let's go and buy a little bit more toys.

Yeah, I think this is also.

So this was, I was looking at the data that was cited in the article.

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