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So what really is the inflation number?
Posted on 12/10/21 at 9:22 am
Posted on 12/10/21 at 9:22 am
Having grown up and began working in the late 70s, inflation was double digit for years. Now reports of 6.8% inflation excluding food and energy, really? If we use the same criteria as we did 50 years ago, what is todays real inflation rate? I would think closer to double digit. Anyone on here have any data sources for comparison?
Posted on 12/10/21 at 9:24 am to Deplorableinohio
Probably 10% minimum.
Posted on 12/10/21 at 9:25 am to Deplorableinohio
well they removed everything used to gage it that goes up with inflation so you can be paying 100 times more for 90% of the shite you need to live while they still claim not 1 pennny more of inflation.
when they dont count the cost of food, gas, and utilities as inflationary, then nothing is
when they dont count the cost of food, gas, and utilities as inflationary, then nothing is
Posted on 12/10/21 at 9:26 am to Deplorableinohio
quote:
If we use the same criteria as we did 50 years ago, what is todays real inflation rate?
You’re catching on.
Ever wonder how many flu deaths we’d have had in the past if we used the same criteria we have for Covid? Think about that -
Posted on 12/10/21 at 9:26 am to Deplorableinohio
It depends on what is included in the formula.
I think it’s closer to 10%
The question is whether it’s transitory. The government is going to call it transitory until they change their mind.
I recall the 70’s and early 80’s and interest rates shot through the roof but eventually inflation got tamed. I expect something like that to happen again but maybe not as severe
I think it’s closer to 10%
The question is whether it’s transitory. The government is going to call it transitory until they change their mind.
I recall the 70’s and early 80’s and interest rates shot through the roof but eventually inflation got tamed. I expect something like that to happen again but maybe not as severe
Posted on 12/10/21 at 9:27 am to Deplorableinohio
Probably around 13-17%
Posted on 12/10/21 at 9:32 am to SlidellCajun
quote:
The question is whether it’s transitory. The government is going to call it transitory until they change their mind.
The fed has already given up on the “transitory” rhetoric. It’s here. It’s going nowhere. We are about to see a historically quick taper and rate increase.
Prepare thy anus.
Posted on 12/10/21 at 9:32 am to Deplorableinohio
I read Greenspan’s Bubbles a while back. In it, the author describes how the Fed can swap out goods and services from their basket in order to hit their inflation target. So their stats are almost always skewed.
Don’t think of inflation as an overall figure that applies to everything. Instead, look at the various sectors and see how much things are increasing. Housing, autos, food, energy, etc. are all increasing at different rates for different reasons, much of which ultimately goes back to government intervention.
The price of a meal at a restaurant is going to go up due to food and labor costs, while energy costs are going up due to restrictions affecting supply. Different reasons, different rates, most because the government has done something somewhere to affect them.
Don’t think of inflation as an overall figure that applies to everything. Instead, look at the various sectors and see how much things are increasing. Housing, autos, food, energy, etc. are all increasing at different rates for different reasons, much of which ultimately goes back to government intervention.
The price of a meal at a restaurant is going to go up due to food and labor costs, while energy costs are going up due to restrictions affecting supply. Different reasons, different rates, most because the government has done something somewhere to affect them.
Posted on 12/10/21 at 9:49 am to Eli Goldfinger
quote:
Probably 10% minimum.
And that demented old pants pooper and his communist controllers don't care.
Posted on 12/10/21 at 9:57 am to SlidellCajun
quote:good luck paying $2T annual interest on the federal debt lol
I expect something like that to happen again but maybe not as severe
Posted on 12/10/21 at 10:37 am to fjlee90
quote:
The fed has already given up on the “transitory” rhetoric. It’s here. It’s going nowhere. We are about to see a historically quick taper and rate increase.
I hadn’t heard that. I would have thought that there would be a massive sell off in stocks if the fed chair admitted that the inflation was not transitory.
Posted on 12/10/21 at 10:40 am to SlidellCajun
Not with the Money Supply as juiced as it is. It's all grease no gas at this point. Unless we start producing something AND NOW, we're headed for an historic crash and devaluation. Buckle up.
Posted on 12/10/21 at 11:05 am to Deplorableinohio
18 - 20 % . The Big Hurt is Coming.
Posted on 12/10/21 at 11:07 am to Deplorableinohio
quote:
Now reports of 6.8% inflation excluding food and energy, really?
The inflation rate is zero excluding everything that costs more.
Posted on 12/10/21 at 11:09 am to Deplorableinohio
When inflation was last reported at 5-6% a month or so ago, I read that if calculated like it was during the 70s it would have been 14%. So, a bit higher than that. Probably 15%.
Posted on 12/10/21 at 12:26 pm to Ross
Yes. Shadowstats.com is reporting between 10% and 15% depending on which basis you use (1990 CPI or 1980 CPI).
Which could lead to that old trick they like to pull where they change how they measure the statistic. Then viola! Overnight unemployment and inflation look real good again!
Which could lead to that old trick they like to pull where they change how they measure the statistic. Then viola! Overnight unemployment and inflation look real good again!
Posted on 12/10/21 at 1:54 pm to Deplorableinohio
I'd guess around 15% if they cared to include food and energy.
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