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re: Somebody please explain the supposed bullshite 8.5% inflation rate
Posted on 9/5/22 at 8:28 pm to BabyTac
Posted on 9/5/22 at 8:28 pm to BabyTac
And has nothing to do with fuel costs!?
How do you think they transport these items?
Or are you just assuming that when the price of fuel nearly tripled the shipping companies just ate that for the good of Ukraine ??
How do you think they transport these items?
Or are you just assuming that when the price of fuel nearly tripled the shipping companies just ate that for the good of Ukraine ??
0
Posted on 9/5/22 at 8:34 pm to Oilfieldbiology
Basically people are going to have to become more thrifty spenders and start only buying actual essentials. Until these companies selling non-essentials feel the pain of lowered demand, they will keep raising prices and reducing portions/sizes.
We are spoiled in this country and are paying the price for a bunch of money grubbers trying to make our right now along with a huge lazy portion of society living on government dole.
Things like the Student loan debt forgiveness are going to make things worse because a lot of irresponsible and selfish people are being rewarded for not meeting their obligations. They aren’t going to curb spending from those savings.
I’m the end, people just really need to think about what is and is not essential now and live with that.
We are spoiled in this country and are paying the price for a bunch of money grubbers trying to make our right now along with a huge lazy portion of society living on government dole.
Things like the Student loan debt forgiveness are going to make things worse because a lot of irresponsible and selfish people are being rewarded for not meeting their obligations. They aren’t going to curb spending from those savings.
I’m the end, people just really need to think about what is and is not essential now and live with that.
Posted on 9/5/22 at 9:58 pm to Geauxgurt
Just had this convo with a neighbor relating to our businesses and insane rate of costs going up from suppliers. One item I observed recently really stood out to me because of how simple it was, no supply chain, computer chip specialty components etc.
Jan 2022 to now, big pack of cheap arse paper plates went from $20 at Sam’s club to $26. These are the cheapest simplest paper plates they make. Simple every day products rising 25%+ in half a year is huge. It’s easy to cherry pick examples like a TV or car but dumb it down to every day products you buy and use and prices are skyrocketing. If they don’t address energy/transportation costs it’s not going to improve.
Jan 2022 to now, big pack of cheap arse paper plates went from $20 at Sam’s club to $26. These are the cheapest simplest paper plates they make. Simple every day products rising 25%+ in half a year is huge. It’s easy to cherry pick examples like a TV or car but dumb it down to every day products you buy and use and prices are skyrocketing. If they don’t address energy/transportation costs it’s not going to improve.
This post was edited on 9/5/22 at 10:00 pm
Posted on 9/6/22 at 4:33 am to BabyTac
quote:
This is because of Covid and the implications of shutting shite down and shifting around the work force.
Do you know which president ramped that up beyond belief and which one did not want to shut down the economy? Your cover is itself playing politics.
Posted on 9/6/22 at 5:11 am to Geekboy
CPI doesn’t release until the 10th so where is this 8.5% coming from?
Posted on 9/6/22 at 7:23 am to Geekboy
The government does not include energy or food in its core inflation number. It’s a scam number.
Posted on 9/6/22 at 8:04 am to Revelator
Just heard on Bloomberg that Joe Biden is having a Inflation Reduction Act celebration on the day the CPI numbers come out. His stupid bill is not in effect yet and it is not designed to reduce inflation.
Posted on 9/6/22 at 8:06 am to TeaParty
quote:
Inflation Reduction Act
About as honest as "Democratic People's Republic of Korea"
Commies love ironic and obfuscated language.
Posted on 9/6/22 at 8:13 am to Realityintheface
quote:
This year? I’m not going to go into specific trades and strategies without getting compensated but I will say this: Take a look at market sector performance. I’ll give you a hint. There’s only one that’s green.
They've already happened, why do you care?
Other than the fact than you made them up, of course
Posted on 9/6/22 at 8:13 am to Geekboy
You don’t live in a vacuum. Other items are up a lower percentage. That’s not to say the inflation rate isn’t made up, or that it’s referring to the year that you’re comparing it.
Posted on 9/6/22 at 8:15 am to Geekboy
The number is made up. They throw in a ton of crap that hasn't seen much inflation to bring the % down. It can be crap that not everyone uses or buys like say hair weaves or some BS.
Posted on 9/6/22 at 8:17 am to TexasTiger1185
quote:
You don’t live in a vacuum. Other items are up a lower percentage. That’s not to say the inflation rate isn’t made up, or that it’s referring to the year that you’re comparing it.
I mean, yes, but there are dozens of examples of items going up20%, 25%,40% that are everyday household items. How can you reconcile those to get a total number of 8.5% YoY? What items are you seeing that have seen no price hikes or price cuts that can bring that 30% down to 8.5%?
Not happening
Posted on 9/6/22 at 8:20 am to Mingo Was His NameO
Oh like I said I still think it’s fabricated. It’s not 8.5% but just because his dog food is expensive doesn’t mean it’s 40% either.
Posted on 9/6/22 at 8:23 am to TexasTiger1185
quote:
Oh like I said I still think it’s fabricated. It’s not 8.5% but just because his dog food is expensive doesn’t mean it’s 40% either.
One good way to look at this is sales tax collections because rates are the same. So an increase in in collections must come from an increase in either spending or price in items.
I posted a link in July, I believe, that Texas collected like 20% more in sales tax that month that one year before. I highly, highly, doubt consumer spending went up, and in fact I think people have tightened their pocket bucks, yet sales tax collected was WAY higher.
I'm guessing inflation in the last 12 months in somewhere in the 22% range
Posted on 9/6/22 at 8:42 am to Realityintheface
quote:
This year? I’m not going to go into specific trades and strategies without getting compensated
What a load of shite
Posted on 9/6/22 at 8:44 am to Geekboy
Went to a burger joint in Ruston yesterday. It was an extra $1.59 to add 1 slice of cheese to a burger. This shite's getting ridiculous.
Posted on 9/6/22 at 8:45 am to Geekboy
Trump printed a frick ton of imaginary money and now we're paying for it.
Posted on 9/6/22 at 10:19 am to Geekboy
Democrats elected Biden. There’s your explanation.
Posted on 9/6/22 at 10:21 am to Geekboy
Pet privilege.
Pay your fair share
Pay your fair share
Posted on 9/6/22 at 10:46 am to Geekboy
I have a very simple CPI: milk, bacon, eggs, and bananas.
E.g., Milk was 1.29 a gallon this time last year. $4 at same store now.
E.g., Milk was 1.29 a gallon this time last year. $4 at same store now.
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