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re: Worst Inflation In 40 Years!
Posted on 1/12/22 at 10:22 am to hubertcumberdale
Posted on 1/12/22 at 10:22 am to hubertcumberdale
Yeah, I can't stand Biden, but I don't think any of this is on him yet. When I saw the 2020 money supply chart spike from COVID relief, I figured there would be pain. So, I think most of this precedes Biden. But, I do think BBB would be pouring gasoline on the fire.
1
Posted on 1/12/22 at 10:24 am to TDTOM
quote:
Gas prices. Everything stems from there.
You mean CRUDE prices. I work in the petrochem industry and almost EVERYTHING is made with it now. Makes a lot of sense to shut down our pipeline and then get boatloads of it from all over the globe sent here then put in trucks and barges?
Biden is an idiot but someone is making huge money off of these decisions. With BG getting his 10 point cut of course.
Posted on 1/12/22 at 10:24 am to Bunk Moreland
quote:
Yeah, I can't stand Biden, but I don't think any of this is on him yet
It is and it isn’t. I mean, just take a look at what him and his party are continually pushing. Much of this pressure is prospective.
Posted on 1/12/22 at 10:44 am to Seldom Seen
Congratulations Joe, many tried and failed, but you succeeded!
Posted on 1/12/22 at 10:46 am to Zach
quote:
Under Trump we exported more oil than we imported. That had not been done in 70 years before Trump.
Today, that's gone with Biden.
This post was edited on 1/12/22 at 10:57 am
Posted on 1/12/22 at 10:49 am to hubertcumberdale
Should Biden resign?
Posted on 1/12/22 at 10:55 am to Seldom Seen
LINK
Supply and demand economics 101.
snip
The shortages are widespread, impacting produce and meat as well as packaged goods such as cereal. And they’re being reported nationwide. U.S. groceries typically have 5% to 10% of their items out of stock at any given time; right now, that unavailability rate is hovering around 15%, according to Consumer Brands Association President and CEO Geoff Freeman.
snip
Part of the scarcity consumers are seeing on store shelves is due to pandemic trends that never abated - and are exacerbated by omicron.
snip
And shipping remains delayed, impacting everything from imported foods to packaging that is printed overseas.
snip
As it has with staffing at hospitals, schools and offices, the omicron variant has taken a toll on food production lines.
snip
Freeman, of the Consumer Brands Association, says omicron-related disruptions could expand as the variant grips the Midwest, where many big packaged food companies like Kellogg Co. and General Mills Inc. have operations.
snip
“We went from a just-in-time inventory system to unprecedented demand on top of unprecedented demand,” he said. “We’re going to be playing with that whole inventory system for several years to come.”
This country is on a different track than the 60-70s style inflation.
Posted on 1/12/22 at 10:55 am to Seldom Seen
Posted on 1/12/22 at 11:05 am to roadGator
quote:
Should Biden resign?
I dont have an opinion just like to point out when people have no idea what they are talking about such as Mr. Zach
Posted on 1/12/22 at 11:11 am to Seldom Seen
Eh, no. It's worse than that. They don't calculate CPI the same way they did 40 years ago.
Posted on 1/12/22 at 11:11 am to hubertcumberdale
quote:
dont have an opinion
Convenient and spineless like most DU escapees
Posted on 1/12/22 at 11:13 am to roadGator
quote:
Convenient and spineless like most DU escapees
So if i dont agree with your every opinion im spinless? lmfao you commie frick
Posted on 1/12/22 at 11:14 am to hubertcumberdale
No. Dumbass. That’s not why you are spineless.
Posted on 1/12/22 at 11:15 am to Seldom Seen
80 years*
Use the 1980s calculation of CPI and we are at the highest since the 1940s
Use the 1980s calculation of CPI and we are at the highest since the 1940s
Posted on 1/12/22 at 11:17 am to roadGator
quote:
No. Dumbass. That’s not why you are spineless.
To me, spineless is posting anonymously on an internet message board 120,713 times in 4,724 days, averaging 25.6 posts/day for 13 years lmfao. Do you spend all day on the internet jacking off to your political opinion?
Posted on 1/12/22 at 11:21 am to hubertcumberdale
Cool. Still not why you are spineless.
Post count boom. New attack.
Good one.
Post count boom. New attack.
Good one.
Posted on 1/12/22 at 11:24 am to hubertcumberdale
quote:
the US has some of the cheapest gasoline in the world
Oh hooray! That makes us feel better.
Lower your expectations folks.
Posted on 1/12/22 at 11:36 am to hubertcumberdale
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