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Big Mac Inflation Metric
Posted on 10/3/23 at 10:29 am
Posted on 10/3/23 at 10:29 am
7
Posted on 10/3/23 at 10:40 am to Aubie Spr96
His video today details how it's very likely the government has been intentionally lying about economic data for the last few years as the downward revisions that are being released are impossible to just happen by accident.
Feels like they're going to prop this up with fake numbers for as long as is convenient.
Feels like they're going to prop this up with fake numbers for as long as is convenient.
Posted on 10/3/23 at 10:47 am to Thundercles
quote:
Feels like they're going to prop this up with fake numbers for as long as is convenient.
Posted on 10/3/23 at 10:52 am to Aubie Spr96
What the Government lied? amazing! They keep telling us inflation is getting back down recently but everything i see: groceries, power, Insurance says otherwise. Add those people now with student loans kicking up again to go along with increased inflation and not looking good down the road.
Posted on 10/3/23 at 10:54 am to FLObserver
Student loans kicking back in will help curb inflation
Posted on 10/3/23 at 10:55 am to JohnnyKilroy
quote:
Student loans kicking back in will help curb inflation
I believe that only heightens the debt crisis that is unfolding. With the rocketing 10 year, many are being exposed as to reliance on ultra low rates.
I think things are about to get ugly.
Posted on 10/3/23 at 10:57 am to JohnnyKilroy
quote:
Student loans kicking back in will help curb inflation
Let's hope so this has been crazy with price increases like every month on everything it seems. Add in all the fine folks here in florida voting to increase minimum wage to 15 an hour by 2025 .
This post was edited on 10/3/23 at 10:58 am
Posted on 10/3/23 at 11:55 am to JohnnyKilroy
quote:
Student loans kicking back in will help curb inflation
Yes, but in a way that's like cutting a loaf of bread with a chainsaw.
Posted on 10/3/23 at 1:03 pm to FLObserver
quote:
Let's hope so this has been crazy with price increases like every month on everything it seems
I honestly haven’t seen that in 2023. In 2022, sure. shite was rough. But my grocery bill (which spike bigly last year) has been mostly flat so far in 2023. Utilities have actually been lower for me this year vs last year.
Maybe it’s a local thing, but the “prices keep going up by a lot every month” has not really been my experience in 2023. Some things have had some marginal increases (My smoothie I just bought went from like 6.96 to 7.13 since last year) but on the whole things seem to be right about the same price now as they were at the beginning of this year.
This post was edited on 10/3/23 at 1:10 pm
Posted on 10/3/23 at 2:43 pm to JohnnyKilroy
quote:
like 6.96 to 7.13
17 cents/696 = 2.4%
How much was it in 2020?
Posted on 10/3/23 at 2:54 pm to makersmark1
IIRC it was like mid 6 range. Like 6.50ish
I remember when it was like 5ish back when in the day.
I acknowledge that prices have risen dramatically since 2020/2021. I’m saying prices haven’t risen all that much, in my personal experience, from last year to this year.
I remember when it was like 5ish back when in the day.
I acknowledge that prices have risen dramatically since 2020/2021. I’m saying prices haven’t risen all that much, in my personal experience, from last year to this year.
Posted on 10/3/23 at 3:21 pm to Aubie Spr96
quote:
X Video
Posted on 10/3/23 at 7:35 pm to JohnnyKilroy
Gas has been the big increase.
A tank is $50 instead of $30 for my little car.
The do gooders have created an artificially high energy price.
Green energy is actually more carbon consuming than traditional gasoline.
A tank is $50 instead of $30 for my little car.
The do gooders have created an artificially high energy price.
Green energy is actually more carbon consuming than traditional gasoline.
Posted on 10/3/23 at 8:08 pm to makersmark1
quote:
Green energy is actually more carbon consuming than traditional gasoline.
Objectively, it’s not even close. It is horribly more carbon intensive and inefficient. I wish everyone could understand this. EVERYTHING requiring energy will continue growing in cost dramatically with low-carbon initiatives. If this is not truly an existential threat, we’re headed for financial ruin to “save our atmosphere.”
And this is not some conspiracy theory warning. It is apolitical. I do this stuff for a living.
This post was edited on 10/3/23 at 8:09 pm
Posted on 10/3/23 at 8:55 pm to makersmark1
quote:
Gas has been the big increase.
Gas has risen the past few months. But that isn't because of inflation. There are tons of factors that effect the price of a gallon of gas, there are many, many forces much much stronger than ~5% YOY inflation.
And if you think it's green energy shite that's driving up the price, oil companies at large are having banner years profit wise and especially downstream refiners. These are some of the best years ever for them and margins are crazy good.
Posted on 10/4/23 at 7:27 am to Aubie Spr96
you mean removing food and fuel from the CPI was giving a false reading of inflation? who would have thought
Posted on 10/4/23 at 8:36 am to Pezzo
quote:
you mean removing food and fuel from the CPI was giving a false reading of inflation? who would have thought
The latest CPI prints removing fuel and food read HIGHER than if you left food and fuel in.
Posted on 10/4/23 at 9:03 am to FLObserver
quote:
Let's hope so this has been crazy with price increases like every month on everything it seems. Add in all the fine folks here in florida voting to increase minimum wage to 15 an hour by 2025
The inflation data has been manipulated by the government for quite some time so that they can continue to print more money. Covid just exacerbated it and exposed this to more people.
It's wild how expensive everything got in a relatively short period of time.
Our grocery bill is easily 50-75% higher than it was 4 years ago.
My exact truck that I paid 32k for 6 years ago is $50-55k now.
Our mortgage payment would be double what we actually pay at current prices and rates.
This post was edited on 10/4/23 at 9:20 am
Posted on 10/4/23 at 9:22 am to fallguy_1978
quote:
My exact truck that I paid 32k for 6 years ago is $50-55k now.
XLT?
Posted on 10/4/23 at 9:25 am to JohnnyKilroy
Yep. I'm not in the market but I've been fascinated with how expensive they've become. I'll check local dealers occasionally just to see what they are advertising.
When I bought mine the MSRP might have been 42k but nobody was paying that much. You could regularly get 8-10k lower than that.
When I bought mine the MSRP might have been 42k but nobody was paying that much. You could regularly get 8-10k lower than that.
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