WSJ: U.S. Inflation Hit 31-Year High; Worse in the Southern US

At least this president is taking COVID seriously...

I thought people on this board were bitching about inflation unnecessarily. I went to a Publix yesterday and the cost of groceries here blew my mind. Wtf? Why is everything here so expensive?

So this is saying prices are increasing at 5+% every month for 5 months? So something that cost a dollar 5 months ago may now cost 21% more?

The house of cards will come crashing down.

I know cash + inflation = bad, but I'm stockpiling mine right now.

quote:

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* Gasoline prices last month shot up nearly 50% from the same month a year ago, putting them at levels last seen in 2014.
* Grocery prices climbed 5.4%, with pork prices up 14.1% from a year ago, the biggest increase since 1990.
* Prices for new vehicles jumped 9.8% in October, the largest rise since 1975,
while
*prices for furniture and bedding leapt by the most since 1951.
* Prices for tires and sports equipment rose by the most since the early 1980s.

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Thanks, Brandon *

i did that pic.

frickin Brandon.

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.

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Worse in the Southern US

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Well, that's where most of the taxpayers are.