re: Prices of goods we use every day are rising at their fastest pace in three years

quote:

---

I will be sure to let my mother on fixed income know that her dollars being worth less while commodities keep going up is actually a good thing for her.

---

jesus

not even close to what he said

quote:

---

And to think the government is still trying to increase the taxes or minimum wage.

---

About that. I would like to remind everyone Florida voted in November to hike the state’s minimum wage to $15 per hour. Only the 8th state to do so and with over 60% support.

I get what he said, and I understand deflation is worse for most, but my point is both are losing situations and some people suffer more on either side.

No no no. This is NOT the place for a multi-dimensional analysis prior to the formulation of a conclusion or prediction. Fear porn, hyperbole, and echo chamber political discussion are our currency here, not critical thinking.

quote:

---

That will likely result in another stimulus check to counteract evictions.

---

Rental evictions are coming unless they bail out landlords. Mortgage evictions will not be as bad as many think for many reasons.

Tim Pool had the same graphic on the TimecastIRL last night.

I'm actually becoming a little worried about our way of life for the first time. This will cripple the economy. No one thought about residual effects last year, or did they!?

quote:

---

Id love to hear the discussions going on behind closed doors on this juicy nugget.

---

If that one isn't straightened out, I wouldn't doubt if landlords just punted and set places ablaze.

I am amazed at the level of willful ignorance in this thread.

Biden is about to print ANOTHER 6 TRILLION dollars while our debt is continuing to skyrocket

Printing 20 trillion is a single year and STILL going into debt should make a person at least turn their head...

So:

1. hyperinflation will hit, as the Bank of America admitted yesterday
2. interest rates will have to go up to counter this, as was announced yesterday
3. this, in turn, will slow down our economy which will cause the government to print or burrow more and more money
4. This will cause more inflationary pressure
5. Loop back to step 2, rinse and repeat

All while we have to pay interest on this monstrosity of debt (which exceeds the amount we can pay, therefore leading to the printing of more money)

This cycle leads to a crash. Period.

quote:

---

I get what he said, and I understand deflation is worse for most, but my point is both are losing situations and some people suffer more on either side.

---

My point was not that inflation is good. My point was that it is not nearly as bad as equivalent deflation - and in speaking in terms of the overall economy, not specific cases.

You could make the argument that literally any macroeconomic change is bad for some specific subset of the population.

quote:

---

I can honestly say that outside of gas for my car I haven't really seen a spike in things.

---

We won’t see the jump immediately, for the most part, it will happen gradually and then exponentially