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CPI comes in at 6.8% YoY, highest in 40 years

Posted on 12/10/21 at 7:45 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80755 posts
Posted on 12/10/21 at 7:45 am
0.8% month over month

It was never transitory, the “experts” are either idiots or blatantly lied to you.
Posted by Jimmy2shoes
The South
Member since Mar 2014
11004 posts
Posted on 12/10/21 at 7:47 am to
Brandon doesn't know what that means
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 12/10/21 at 7:48 am to
And that numbers baked to be low as it can. Use the 1980 and 1990 formulas and it’s double or triple.
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 12/10/21 at 7:54 am to
But its a Biden Boom!
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 12/10/21 at 7:54 am to
when a manipulated metric can’t even hide inflation you know it’s bad
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/10/21 at 7:57 am to
That just means you have more dollars duhhhh that’s good!!!
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22233 posts
Posted on 12/10/21 at 7:59 am to
"Inflation is good", said the MSNBC Anchor to the gullible American public.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 12/10/21 at 8:04 am to
People have been worrying about runaway inflation since 2009 and it simply hasn’t even come close to materializing in this country.

slackster - april 2021
This post was edited on 12/10/21 at 8:15 am
Posted by deltaland
Member since Mar 2011
90479 posts
Posted on 12/10/21 at 8:10 am to
Cost me 70 dollars for a ribeye dinner and some hot tamales last night at a restaurant.

And it’s not a high end place or anything. 2 years ago that would have cost 45-50 tops
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 12/10/21 at 8:14 am to
quote:

when a manipulated metric can’t even hide inflation you know it’s bad


but asset price inflation is not techinically inflation bro
Posted by gatorsimz
cafe risque
Member since Feb 2009
8135 posts
Posted on 12/10/21 at 8:25 am to
It's crazy the Fed hasn't raised rates yet.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22233 posts
Posted on 12/10/21 at 8:28 am to
Plain English:

“Inflation is not an abstract idea thrown around by finance gurus. Inflation is a very real threat to the pocketbooks of hardworking Americans throughout our great country.” Tommy Tuberville

“Inflation is the one form of taxation that can be imposed without legislation.” Milton Friedman

“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” Ronald Reagan

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” Vladimir Lenin

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” Alan Greenspan

Question: Was Greenspan familiar with.... you know...?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 12/10/21 at 8:33 am to
quote:

It's crazy the Fed hasn't raised rates yet.


yeahhh. a deflationary collapse sounds really appealing. i cant believe it either...
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
16949 posts
Posted on 12/10/21 at 8:34 am to
quote:

It was never transitory, the “experts” are either idiots or blatantly lied to you.

Posted by Weekend Warrior79
Member since Aug 2014
16285 posts
Posted on 12/10/21 at 8:34 am to
Wonder if the admin will take credit for this like they did for the "New" unemployment claims, or blame it on the last administration.
Posted by Pendulum
Member since Jan 2009
7040 posts
Posted on 12/10/21 at 8:35 am to
Don't worry Americans, we will spend our way out of this on social programs!

The 30T plus deficit will be fixed by paying your fair share. I'm looking at you billionaires(who have just over 5 t in total assests)

If you don't believe me because it doesn't make sense. Don't try to figure it out, I have 17 Nobel winners, including my own treasury secretary's husband, don't concern yourself. They are smart. You are simply an useful idiot.

-biden
This post was edited on 12/10/21 at 8:43 am
Posted by Y.A. Tittle
Member since Sep 2003
101267 posts
Posted on 12/10/21 at 8:37 am to
quote:

the “experts” are either idiots or blatantly lied to you.


Why not both?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80755 posts
Posted on 12/10/21 at 8:48 am to
quote:

It's crazy the Fed hasn't raised rates yet.

They literally can't or they will crater the economy worse than 2008. So they have to choose to balance a tight rope of what they say they will do in the future, continue to kick the can down the road from doing it, and hope inflation comes back down to earth in the meantime.
Posted by LSUcam7
FL
Member since Sep 2016
7900 posts
Posted on 12/10/21 at 8:53 am to
quote:

Fed hasn't raised rates yet.


Can’t stomp on the gas pedal and tap the brakes at the same time. They’re letting off the pedal first.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
118893 posts
Posted on 12/10/21 at 8:58 am to
But your 4th of July dinner was 16 cents less.
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