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re: Prices of goods we use every day are rising at their fastest pace in three years
Posted on 5/5/21 at 7:29 am to theunknownknight
Posted on 5/5/21 at 7:29 am to theunknownknight
So you don’t know what you’re talking about. As I suspected.
0
Posted on 5/5/21 at 7:29 am to theunknownknight
quote:
Stop being a lazy arse and read any history book or take an elementary economics class
Only a legitimately retarded person needs an explanation of what comes next.
Not sure I've read a book describing $500.00 loaves of bread.
Posted on 5/5/21 at 7:31 am to Sao
getting to be a lot like germany in the 1930s in a lot of ways
Posted on 5/5/21 at 7:32 am to stout
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Posted on 5/5/21 at 7:34 am to stout
But Trump was a meanie poopy head
Posted on 5/5/21 at 7:37 am to TaderSalad
Pandemic stimulus and PPP was done under the Trump admin as well. It needs to cease under this one but we'll see if they've got the balls to.
Posted on 5/5/21 at 7:39 am to stout
Soy and other fats are skyrocketing due to biofuel demand; the US is really short on soybeans and manufacturing capacity. Poor weather has also affected supplies of grain commodities, which has a big ripple effect.
Posted on 5/5/21 at 7:42 am to Jon Ham
quote:
Why don’t you inform us?
Not really directed at you.
The amount of dollars in circulation chasing the amount of goods available.
Government is handing out money to people that have decided not to work. There are shipping problems all around the globe creating supply issues.
Service industries can't get their employees to come back to work.
People have had a year plus to learn to rely on government for sustenance.
The market is way over due for a correction.
You are about to have a foreclosure/eviction extravaganza.
I could continue but I am tired of typing....
Posted on 5/5/21 at 7:43 am to stout
The price to pay in order to take care of those pesky lead pipes.
Posted on 5/5/21 at 7:44 am to Animal
quote:
amazing that people don't understand the principle of scarcity and what "free" money on a massive scale really costs them in the longer run.
These people use the “let me get mine” rule of economics.
Posted on 5/5/21 at 7:46 am to Sao
quote:
Pandemic stimulus and PPP was done under the Trump admin as well.
Yes.
I love the posts in this thread pretending that
1) Trump wasn't POTUS the last time we saw inflation like this
and
2) Trump didn't pass 2 massive stimulus packages that kicked all of this off
Biden is going to grab the torch and keeping running with it, and should not be absolved from blame, but to act like we wouldn't be dealing with the exact same issues with a Trump presidency is moronic.
Posted on 5/5/21 at 7:49 am to stout
Not sure this should all be blamed on stimulus.
Bananas, coffee, cotton, appliances, furniture - those are things that are subject to ocean freight.
Bacon, bread, chicken, eggs, milk, oranges - I would guess that most of our use is sourced domestically, and most shortages there are due to lack of labor and covid requirements. We shouldn't be awarding enhanced unemployment benefits for people who refuse work that would pay them what they were making before the pandemic.
As for corn and gas, I would guess the inflation is related. Corn goes up, so does gas.
So why has corn gone up so much?
Bananas, coffee, cotton, appliances, furniture - those are things that are subject to ocean freight.
Bacon, bread, chicken, eggs, milk, oranges - I would guess that most of our use is sourced domestically, and most shortages there are due to lack of labor and covid requirements. We shouldn't be awarding enhanced unemployment benefits for people who refuse work that would pay them what they were making before the pandemic.
As for corn and gas, I would guess the inflation is related. Corn goes up, so does gas.
So why has corn gone up so much?
Posted on 5/5/21 at 7:50 am to Salmon
quote:Agreed.
Yes.
I love the posts in this thread pretending that
1) Trump wasn't POTUS the last time we saw inflation like this
and
2) Trump didn't pass 2 massive stimulus packages that kicked all of this off
Biden is going to grab the torch and keeping running with it, and should not be absolved from blame, but to act like we wouldn't be dealing with the exact same issues with a Trump presidency is moronic.
One of the biggest issues Scruffy had with Trump’s years.
After years of decrying Obama’s stimulus, everyone hypocritically backed Trump’s, which was multiples larger.
It should never have been done.
And, yes, Biden and his admin are going to run with it.
It will be very interesting when evictions are made legal again.
Scruffy won’t be surprised if another stimulus check is pushed through.
This post was edited on 5/5/21 at 7:52 am
Posted on 5/5/21 at 7:50 am to Sao
quote:
Not sure I've read a book describing $500.00 loaves of bread.
In 1919, one loaf of bread cost 1 mark; by 1923, the same loaf of bread cost 100 billion marks. I know not $, but it happened.
Posted on 5/5/21 at 7:53 am to crash1211
So, WW3 is nigh? Abd were going back to 1919 Germany? Noted.
Posted on 5/5/21 at 7:54 am to wadewilson
quote:
So why has corn gone up so much?
Drought in Brazil, increased demand from China, and a cooler spring in the Midwest delaying planting.
Posted on 5/5/21 at 7:55 am to Sao
The hyperinflation in Germany during the early years after WWI is well documented. The economic conditions were part of the reason Hitler had an audience.
ETA: that said, we're nowhere near that level of inflation, and circumstances are different.
This post was edited on 5/5/21 at 7:58 am
Posted on 5/5/21 at 7:55 am to fool_on_the_hill
quote:
getting to be a lot like germany in the 1930s in a lot of ways
So much melodrama in this thread.
Posted on 5/5/21 at 7:57 am to The Spleen
quote:
, and a cooler spring in the Midwest delaying planting.
But the lumber industry is telling us warmer winters have allowed pine beetles to multiply and destroy more trees.
shite stacks up so fast you need wings to stay above it.
Posted on 5/5/21 at 7:59 am to GetCocky11
quote:
So much melodrama in this thread.
I wonder what this thread looked like 3 years ago
oh wait...it didn't even exist
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