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  1. #1
    Join Date
    Dec 2018
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    8,627

    I got 99 problems and INFLATION makes it 107.415

    So now that it seems the Biden administration's previous assurances that inflation is just transitory

    https://www.whitehouse.gov/cea/writt...d-years-ahead/

    And the idea that inflation is just a *republican talking point* going away.
    https://democrats.org/news/republica...rt-to-deflate/

    I think it's probably fine for us to have a thread dedicated to this subject. How it's affecting Americans, its causes, and ways to mitigate the damage.

    Interestingly of note if we used the old method for calculating inflation it would be over 10%
    https://democrats.org/news/republica...rt-to-deflate/

  2. #2
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    Currently, the Personal Consumer Expenditure Price Index (CPE) has risen over 5.4% compared to the same time last year, and the CPI grew by 8.5% compared to this time last year.
    So if something (let's say a problem) cost $99 in today's real dollars it would cost $107.415

  3. #3
    Join Date
    Nov 2020
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    Quote Originally Posted by ciaban2.0 View Post
    Currently, the Personal Consumer Expenditure Price Index (CPE) has risen over 5.4% compared to the same time last year, and the CPI grew by 8.5% compared to this time last year.
    So if something (let's say a problem) cost $99 in today's real dollars it would cost $107.415
    I also noticed the other day that the size of many food items is being reduced also in our stores. Look at the bags of chips we buy right now. How about the size of toilet paper rolls. I'm waiting for them to start give up egg packages of 10 eggs in them or 16 packs for the price of what used to be 18 or 20.

    So, we can say that this inflation rate is understated by the actual product being sold. Wait until US converts to the liter system for gasoline in an attempt to make the public forget the true price of fuel.

    This **** is certainly being planned to fool people. Now this bunch of liars is trying to move their failure to stop the out of control inflation with a spiel about "well, the entire world has inflation"? We aren't so bad, they say? What fing drivel.

  4. #4
    Join Date
    Jan 2006
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    I wonít dismiss inflation because itís real. But the areas that itís impacting arenít hitting me. The areas that are seeing the biggest inflation are things like used cars and airfare.

  5. #5
    Join Date
    Dec 2018
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    Part of the reason that inflation has hit us as hard as it has (in an everyday sense) is the people tasked with modeling and forecasting this **** got it WAY off.
    If I tell you inflation will be a little higher like 2.5% (2% is normal) and I'm your econ guy, your going to make policy decisions based on that.
    https://www.vox.com/22996474/inflati...ru-ngdp-powell
    But in March, the Fed updated its projection from 2.7 percent to 4.1 percent. Private forecasters surveyed in November said they expected 2.3 percent inflation; by February, it was up to 3.1 percent.

    Put another way, the people youíd expect to have the surest handle on where inflation is going have admitted they got it wrong, too ó and by a lot. ďThe models really led us astray,Ē Karen Dynan, a professor of economics at Harvard and former assistant secretary of the treasury for economic policy, told me, offering the below chart as further evidence.

    I canít tell you whatís in Fed Chair Jerome Powellís heart, despite my past entreaties to the Fed media department. But I can say in regards to my case that I unfairly dismissed the most boring, Econ 101 explanation for why inflation happens: that there was too much money sloshing around for the amount of stuff the economy was able to produce ó meaning the price of that stuff went up.
    BTW if this assertation about the cause of inflation is correct, it's a death blow to MMM.

  6. #6
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    Also, the FED is going to jack up interest rates.

    https://www.msn.com/en-us/money/mark...cid=uxbndlbing

    Raising interest rates to slow down spending is a way of getting a handle on inflation.
    The problem though is this could lead to a reduction in investment and a recession, which would destroy all those low-skill jobs's that the WH likes to brag about creating.

    https://www.lietaer.com/2022/02/why-...use-recession/

  7. #7
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    Quote Originally Posted by ciaban2.0 View Post
    Also, the FED is going to jack up interest rates.

    https://www.msn.com/en-us/money/mark...cid=uxbndlbing

    Raising interest rates to slow down spending is a way of getting a handle on inflation.
    The problem though is this could lead to a reduction in investment and a recession, which would destroy all those low-skill jobs's that the WH likes to brag about creating.

    https://www.lietaer.com/2022/02/why-...use-recession/
    I read today that the fed is only going to raise rates by a half a percent. that is not enough to do much to inflation. They need to do what Volker did the last time we had runaway inflation and raise the rates by a full percentage point in each future quarter. It would lead to a recession but better now than later. Biden won't do this because of the politics it would cause with the mid terms coming up though and there already going to be taking a shellacking in November.

  8. #8
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    Dec 2018
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    Quote Originally Posted by Bird of Prey View Post
    I read today that the fed is only going to raise rates by a half a percent. that is not enough to do much to inflation. They need to do what Volker did the last time we had runaway inflation and raise the rates by a full percentage point in each future quarter. It would lead to a recession but better now than later. Biden won't do this because of the politics it would cause with the mid terms coming up though and there already going to be taking a shellacking in November.
    Well, they're going to raise rates several times this year, and in quick succession, that's probably why they don't want to do raise it to high.

  9. #9
    Join Date
    Jan 2006
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    America
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    Quote Originally Posted by ciaban2.0 View Post
    Also, the FED is going to jack up interest rates.

    https://www.msn.com/en-us/money/mark...cid=uxbndlbing

    Raising interest rates to slow down spending is a way of getting a handle on inflation.
    The problem though is this could lead to a reduction in investment and a recession, which would destroy all those low-skill jobs's that the WH likes to brag about creating.

    https://www.lietaer.com/2022/02/why-...use-recession/
    Interest rates are way too low anyways. Putting money into savings accounts is to literally burn money.

  10. #10
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    Dec 2018
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    Quote Originally Posted by dbroncos78087 View Post
    Interest rates are way too low anyways. Putting money into savings accounts is to literally burn money.
    They had been to low for a while, but it's projected the FED will raise rates 6 times this year alone.

  11. #11
    Join Date
    May 2020
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    6,765
    From a year ago.
    Bottled water is up 33%
    Bacon is up 25+%
    Gas is up 25+%
    Eggs are up 50+%
    Beef is up 30+%
    Chicken is up 50+%
    Deli meat is up 40%
    My Ignore List: bklynny67, crovash, nastynice, natepro, OhSoSlick, spliff(TONE), zmaster52

  12. #12
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    Oct 2014
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    Quote Originally Posted by brett05 View Post
    From a year ago.
    Bottled water is up 33%
    Bacon is up 25+%
    Gas is up 25+%
    Eggs are up 50+%
    Beef is up 30+%
    Chicken is up 50+%
    Deli meat is up 40%
    Good time to be a vegetarian who drinks tap water and bicycles to work.

  13. #13
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    Quote Originally Posted by Crovash View Post
    Good time to be a vegetarian who drinks tap water and bicycles to work.
    ***


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    Quote Originally Posted by Raps08-09 Champ View Post
    My dick is named 'Ewing'.

  14. #14
    Join Date
    Jan 2006
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    America
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    Quote Originally Posted by brett05 View Post
    From a year ago.
    Bottled water is up 33%
    Bacon is up 25+%
    Gas is up 25+%
    Eggs are up 50+%
    Beef is up 30+%
    Chicken is up 50+%
    Deli meat is up 40%
    Iím just doing spot checks but an order I placed in September 2020 things are up about 14%. The bacon is up $1 and the ground beef about $0.60. I donít buy deli meat so I donít know there. Chicken has been pretty consistent so Iím surprised thatís higher.

  15. #15
    Join Date
    May 2020
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    6,765
    Quote Originally Posted by dbroncos78087 View Post
    Iím just doing spot checks but an order I placed in September 2020 things are up about 14%. The bacon is up $1 and the ground beef about $0.60. I donít buy deli meat so I donít know there. Chicken has been pretty consistent so Iím surprised thatís higher.
    You also spend a lot more in Sept 2020 than most folks as we showed you.
    My Ignore List: bklynny67, crovash, nastynice, natepro, OhSoSlick, spliff(TONE), zmaster52

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