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Started By
Message
re: Consumer prices rose 3% in January compared to a year ago
Posted on 2/12/25 at 12:48 pm to PaperTiger
Posted on 2/12/25 at 12:48 pm to PaperTiger
quote:
I would much rather the 1980s inflation
No, you wouldn't.
Inflation averaged about 5% from 1981 to 1993. In 1988, inflation averaged 4.4% for 12 months.
No doubt some people are feeling pain from this inflationary period, but they seem to want it to be the 'worstest evah!!1!' to rationalize their pain, when it just isn't.
1
Posted on 2/12/25 at 12:51 pm to Harry Boutte
I just dont remember hearing anybody, within my circle, really complain about how bad the 80s were with pricing...like ever. Will be interesting to hear how everybody talks about the 2020s
Posted on 2/12/25 at 1:06 pm to jchamil
quote:
It’s been 3 weeks
thank you for confirming
Posted on 2/12/25 at 1:10 pm to PaperTiger
quote:
I just dont remember hearing anybody, within my circle, really complain about how bad the 80s were with pricing...like ever.
Because, compared to the average 12% inflation of the late 70s, the 5% of the 80s seemed manageable. We became spoiled with the 2.75% annual inflation we had from 2000 to 2021, now we freak out about 3%.
Inflation wasn't even that bad last year, but one problem with inflation is that wages lag behind. So people are still struggling to catch up with the rise in prices from 2022.
quote:
Will be interesting to hear how everybody talks about the 2020s
I suspect it will be more about the impending collapse of the dollar and the subsequent hyper-inflation. No one will remember 2022.
Posted on 2/12/25 at 1:11 pm to Harry Boutte
quote:
wages lag behind
The real issue.
Posted on 2/12/25 at 1:21 pm to chRxis
quote:
i agree with you, but why did so many believe him at his word about "day one", as if that was even remotely possible?
I think it’s a matter of people hearing what they want to hear. When I hear Trump saying “day 1”, I take that as meaning when the process to fix the problems will begin. No one I know of believes Trump could flip some switch and overnight all that’s wrong with inflation and the economy would magically be resolved immediately. No serious person believes this.
Posted on 2/12/25 at 1:39 pm to Harry Boutte
quote:
You should consider yourself lucky to never have experienced actual bad inflation. But you don't, you'd rather cry.
The worst inflation of my life happened when my generation should be buying a home and starting a family.
Besides, this is 6 pages of people arguing a false narrative.
It’s 3% since last January. Trump was president for 12 days of that.
Posted on 2/12/25 at 1:56 pm to Darth_Vader
quote:
I think it’s a matter of people hearing what they want to hear. When I hear Trump saying “day 1”, I take that as meaning when the process to fix the problems will begin. No one I know of believes Trump could flip some switch and overnight all that’s wrong with inflation and the economy would magically be resolved immediately. No serious person believes this.
good shite... i know a few that did truly believe the "day one" bullshite, and all i can do is laugh b/c they are probably seething in disbelief right about now, and their heads will be spinning once these tariffs are enacted...
Posted on 2/12/25 at 1:58 pm to dgnx6
quote:
The worst inflation of my life happened when my generation should be buying a home and starting a family.
Not me, inflation was only at 6%, but the Fed rate was at 8.2%.
Your generation experienced one year of inflation over 8%. Mine saw three years over 10%. Your generation saw one year of the Fed rate being over 5%, Most of my life the Fed rate was over 5%. Just because you're feeling inflationary pain doesn't mean that it's worse than everyone else ever had it.
I put off buying my first house until the interest rates got under 7%.
Posted on 2/12/25 at 1:58 pm to dgnx6
quote:
The worst inflation of my life happened when my generation should be buying a home and starting a family.
Same. Mortgages were over 15% at the time.
Posted on 2/12/25 at 2:16 pm to ProjectP2294
quote:Merriam-Webster:
it's clear that the writer of the article doesn't know what the word "decimate" means.
quote:Oxford:
kill, destroy, or remove a large percentage or part of.
quote:The word has kind of a convoluted history because it's first introduced into English as tax language and didn't carry over most of its Roman usage. So it kind of took a left turn before somewhat drifting back towards its original meaning.
drastically reduced especially in number
This post was edited on 2/12/25 at 2:17 pm
Posted on 2/12/25 at 2:22 pm to Darth_Vader
quote:but thats exactly what he said he was going to do...so are you saying he didnt believe what he was saying (ie: he lied) or are you saying he's not a serious person?
No one I know of believes Trump could flip some switch and overnight all that’s wrong with inflation and the economy would magically be resolved immediately. No serious person believes this.
Posted on 2/12/25 at 2:30 pm to chRxis
quote:
they are probably seething in disbelief right about now, and their heads will be spinning once these tariffs are enacted...
What are the tariffs going to do when enacted?
Good grief
Posted on 2/12/25 at 2:32 pm to cgrand
quote:
but thats exactly what he said he was going to do...so are you saying he didnt believe what he was saying (ie: he lied) or are you saying he's not a serious person?
Yeah he embellished to win. Only libtards thought it would happen day one
I mean the fact you losers are crying about it after the last 4yrs is remarkable
Posted on 2/12/25 at 2:34 pm to cgrand
The confidence in the economy is ten fold what it was
Posted on 2/12/25 at 2:48 pm to SDVTiger
quote:LOL
I mean the fact you losers are crying about it after the last 4yrs is remarkable
was a reply to darth questioning what he said. You his valet or something?
Posted on 2/12/25 at 3:02 pm to cgrand
Are you trying to pretend you arent a tds riddled fool
Posted on 2/12/25 at 3:04 pm to northshorebamaman
quote:
didn't carry over most of its Roman usage. So it kind of took a left turn before somewhat drifting back towards its original meaning.
I read it as reducing by a tenth.
But then some people refer to a few as several.
Posted on 2/12/25 at 4:09 pm to SDVTiger
quote:
What are the tariffs going to do when enacted?
be passed along to the end consumer, like all tariffs do... sure, you have a choice when it comes to discretionary spending, but trust me if and when these go into action, if you think you will be immune to the effects, i hate to be the bearer of bad news, but...
Posted on 2/12/25 at 4:32 pm to Harry Boutte
quote:
No you don't, because that never happened.
Does two straight minutes of video clips help convince you it did?
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