- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 11/23/21 at 7:36 am to Klark Kent
quote:
saved 17 cents for the 4th of July tho!
Hell yeah. I put mine away towards retirement
Posted on 11/23/21 at 7:38 am to jennBN
quote:
Why is everything here so expensive?
The tax we pay for no more mean tweets.
Posted on 11/23/21 at 7:40 am to RogerTheShrubber
quote:
Real wages are not keeping up with inflation.
Patiently waiting for my 25% cost of living increase like welfare recipts got
Posted on 11/23/21 at 7:41 am to jennBN
quote:
Wtf? Why is everything here so expensive?
Economics behave in fairly predictable manners.
Many of us have been saying this was our destiny. You cannot dump this much fiat money into the economy and not experience some inflation.
Posted on 11/23/21 at 7:41 am to dewster
Unless you get a 25-30% raise annually in this environment, you are slowly moving down the real income scale. Think about that for a minute.
Only people with assets can hold their ground, ie, rich people. This is what democrats voted for. He came right out of the gates, killing oil production (which is a very significant part of our GDP) and signing an unneeded 1.9 trillion demand side bill that killed everyone's buying power. Now we are getting ready to make that bill look like child's play.
Looking good U.S.; note these charts don't even go thru 2021; so this is before the ridiculous spending we are ramming through under this admin. The government as a whole has a spending problem; and now we are pouring lighter fluid on it. Look at these charts and tell me what the gov is doing this year is responsible. Again, the lowest earners are hit the hardest by this; because they don't have assets. Let's revisit in a year. We are getting past the point now, where there's a way out of this. We can't tame inflation by raising rates like we did in the 80s now without having to service debt that is 140% or so of GDP; and we simply cant do that. The only way I see we could escape this, is pumping up GDP; but we are doing everything possible to cripple it.
Only people with assets can hold their ground, ie, rich people. This is what democrats voted for. He came right out of the gates, killing oil production (which is a very significant part of our GDP) and signing an unneeded 1.9 trillion demand side bill that killed everyone's buying power. Now we are getting ready to make that bill look like child's play.
Looking good U.S.; note these charts don't even go thru 2021; so this is before the ridiculous spending we are ramming through under this admin. The government as a whole has a spending problem; and now we are pouring lighter fluid on it. Look at these charts and tell me what the gov is doing this year is responsible. Again, the lowest earners are hit the hardest by this; because they don't have assets. Let's revisit in a year. We are getting past the point now, where there's a way out of this. We can't tame inflation by raising rates like we did in the 80s now without having to service debt that is 140% or so of GDP; and we simply cant do that. The only way I see we could escape this, is pumping up GDP; but we are doing everything possible to cripple it.
This post was edited on 11/23/21 at 8:07 am
Posted on 11/23/21 at 7:44 am to Pendulum
quote:
25-30% raise annually in this environment, you are slowly moving down the wealth
Nah bruh, it aint THAT bad.
25% annually would put a guy starting at 100k up to 300k in like 5 years.
Posted on 11/23/21 at 7:45 am to dewster
quote:
Prices climbed the fastest in the South, a part of the country that reopened earlier in the pandemic but was hit relatively harder by the Delta variant of Covid-19. Prices were also up more in the Midwest than in the Northeast and West.
So, we're still blaming inflation solely on COVID?
Posted on 11/23/21 at 7:56 am to Oilfieldbiology
quote:
My 5 month calculation was 1.05^4
That's not right because it compounds. Do 100*1.05*1.05*1.05*1.05*1.05 = 1.27.62
Posted on 11/23/21 at 7:57 am to DownshiftAndFloorIt
quote:
25% annually would put a guy starting at 100k up to 300k in like 5 years.
Exactly
This post was edited on 11/23/21 at 7:58 am
Posted on 11/23/21 at 7:58 am to dewster
quote:
Worse in the Southern US
Well, that's where most of the taxpayers are.
Posted on 11/23/21 at 7:58 am to carhartt
quote:
Every non Democrat that voted for Brandon deserves to be slapped in the face with a sledgehammer.
That's far too kind. It should be done repeatedly.
Posted on 11/23/21 at 8:00 am to Pendulum
quote:
What happened from 2016-2020? It’s like the ratio of debt to GDP flat lined after exponential rises
Posted on 11/23/21 at 8:05 am to dewster
Thank goodness this is only problem for the affluent.
Posted on 11/23/21 at 8:09 am to dewster
“The cure can’t be worse than the disease”
- President Donald J. Trump circa 2019
- President Donald J. Trump circa 2019
Posted on 11/23/21 at 8:10 am to jennBN
I think the grocery store is where I have noticed it the most. Some places are only now getting caught up with their price increases and have been eating some of it up to this point.
Posted on 11/23/21 at 8:13 am to dewster
My wife was bitching about this the other day, so I showed her our house on Zillow and that put a stop to it.
Posted on 11/23/21 at 8:15 am to bad93ex
quote:
At least this president is taking COVID seriously...
at least our nation is no longer littered by a nearly 2-centuries-old statue of ...gasp...THOMAS F'ING JEFFERSON!!!!
Posted on 11/23/21 at 8:19 am to bad93ex
quote:
At least this president is taking COVID seriously...
Joe Biden has killed 776,752 people as of November 21st.
Posted on 11/23/21 at 8:21 am to GEAUXT
quote:
GEAUXT
quote:
I know cash + inflation = bad, but I'm stockpiling mine right now.
It's not monetary inflation it's increased consumer prices. Building cash is fine in this scenario because your opportunity cost is 0% based on short rates.
Page 2 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News