Author Topic: INFLATION IS OUR FRIEND  (Read 19918 times)

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Offline Liar Loan

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Re: it is now legal to eat certain road kills
« Reply #375 on: January 04, 2022, 12:36:52 PM »
California is leading the way to help alleviate meat price inflation, creatively.

You can now legally eat certain road kills in 2022.

https://ktla.com/news/local-news/new-california-laws-taking-effect-in-2022/

My guess bugs will be next.

Finally, we are catching up with the South.

Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #376 on: January 05, 2022, 11:18:22 AM »
If the fools are floating this idea then the circle is complete...


Could strategic price controls help fight inflation?
Isabella Weber
To prevent inflation after World War II, America’s leading economists recommended strategic price controls. Is there a case for doing so today, too?

https://www.theguardian.com/business/commentisfree/2021/dec/29/inflation-price-controls-time-we-use-it#_=_

Even the idiot Krugman knows the truth...

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Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #377 on: January 19, 2022, 09:07:53 AM »
I'm enjoying this..you?  $5.00 gas here we come...."Thank you sir, may I have another?"...

Now brace for $4 gas: Spring travel, annual refinery maintenance and Bidenflation could make drivers feel 'real pain' at the pumps this year
A fuel price expert has warned that inflation, spring travel and routine annual maintenance could push prices above $4 a gallon from March
At present the nationwide average is $3.314 a gallon, according to the American Automobile Association
California currently has the highest-priced gas at $4.650, while Texas has the lowest at $2.942
Patrick De Haan, the head of petroleum at GasBuddy, said that prices were expected to rise and in Californian cities could be above $5 a gallon
Inflation is currently at levels not seen since the summer of 1982, at 7 percent - causing a headache for Joe Biden on the anniversary of his presidency
He said the prices will likely drop after the summer and fall below $3 a gallon by the 2022 holiday season

https://www.dailymail.co.uk/news/article-10417031/Now-brace-4-gas-Spring-travel-refinery-maintenance-Bidenflation-drivers-real-pain.html


Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #378 on: January 19, 2022, 11:17:32 AM »
Pile on top of that Rent and mortgages and you have quite a bonfire....

Worst US inflation since ’82 is huge underestimate
Government’s CPI says the cost of shelter rose 4% in the past year but home prices and rents are up nearly 20%

Shelter accounts for about a third of American household expenditure, and the cost of buying or renting shelter is up nearly 20% over the past year. Yet the Consumer Price Index (CPI) for shelter reported Jan. 12 by the US Bureau of Labor Statistics showed an increase of just 4.2 over the past year.

Private surveys conducted by the big rental sites, Zillow and Apartmentlist.com, show increases of 13% to 18% during 2021, and the Case-Shiller Index of US home prices jumped 18% in the year through October.

Part of the discrepancy involves a simple time lag. The US government looks at the present cost of housing while the private rental surveys register the cost of a new rental. It takes a while for leases to expire and new, higher-cost leases to take effect. Changes in the Apartmentlist.com rent index predict changes in the CPI shelter index with lags up to eight months. That explains at least part of the divergence of the CPI rent inflation number from the private rental surveys.

This time, the CPI rent inflation rate of 4.2% undershot the private rental data. As old leases expire and new leases are written, the CPI index for shelter should rise by 14 percentage points. Shelter makes up 32.3% of the Consumer Price Index, so 14 percentage points in the cost of shelter would add another 4.5 percentage points to the headline inflation number.

That's an additional 4.5 percentage points on top of the 7% annual rate of CPI inflation. In other words, accurate accounting for real-world shelter costs would put consumer inflation in the US around 10% a year. And double-digit inflation would cause a market meltdown.

The probability is that inflation will run closer to 10% than 5% for the first half of 2022, pushing the Fed to tighten more than investors now expect.

https://menafn.com/1103530469/Worst-US-inflation-since-82-is-huge-underestimate


Offline Compressed-Village

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Re: INFLATION IS OUR FRIEND
« Reply #379 on: January 19, 2022, 11:24:58 AM »
We are only .25 cents away. Five dollars looks better.

Kidding aside, I can see staycation. After all, going on airplane is a pain in the behinds.

You got drunken disorders, people refuse to follow rules, kids throwing up on you. And vacation is over.

Offline Soylent Green Is People

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Re: INFLATION IS OUR FRIEND
« Reply #380 on: January 19, 2022, 11:40:01 AM »
If National Average is $3.40 going to $4.00, then California's average of $4.65 on average might hit $5.25 - Regular average... not Premium. Tesla Owners with Solar may be smiling at how open the roads are if gas gets that high.

A repeat post of this site - but a favorite when discussing inflation: https://www.bls.gov/data/inflation_calculator.htm .
My .02c

SGIP

Offline Compressed-Village

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Re: INFLATION IS OUR FRIEND
« Reply #381 on: January 19, 2022, 03:35:40 PM »
If National Average is $3.40 going to $4.00, then California's average of $4.65 on average might hit $5.25 - Regular average... not Premium. Tesla Owners with Solar may be smiling at how open the roads are if gas gets that high.

A repeat post of this site - but a favorite when discussing inflation: https://www.bls.gov/data/inflation_calculator.htm .

Interesting link you provided.

So is everything more expensive? Or is it our dollars purchasing power drastically reduce?


Online eyephone

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Re: INFLATION IS OUR FRIEND
« Reply #382 on: January 19, 2022, 04:08:22 PM »
If National Average is $3.40 going to $4.00, then California's average of $4.65 on average might hit $5.25 - Regular average... not Premium. Tesla Owners with Solar may be smiling at how open the roads are if gas gets that high.

A repeat post of this site - but a favorite when discussing inflation: https://www.bls.gov/data/inflation_calculator.htm .

Interesting link you provided.

So is everything more expensive? Or is it our dollars purchasing power drastically reduce?

UK inflation rate soars to 30-year high as cost pressures continue


https://www.cnbc.com/amp/2022/01/19/uk-inflation-rate-soars-to-30-year-high-as-cost-pressures-continue.html

Online eyephone

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Re: INFLATION IS OUR FRIEND
« Reply #383 on: January 19, 2022, 04:10:13 PM »

Online eyephone

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Re: INFLATION IS OUR FRIEND
« Reply #384 on: January 19, 2022, 04:12:09 PM »
They want my identity and job history and freaking web history.Hahhahaha (everybody else can be anonymous except me? The biggest joke and double standard)

Thats why people like me. I am the truth teller. They dont like it.
« Last Edit: January 19, 2022, 04:17:34 PM by eyephone »

Offline Compressed-Village

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Re: INFLATION IS OUR FRIEND
« Reply #385 on: January 19, 2022, 06:57:11 PM »
They want my identity and job history and freaking web history.Hahhahaha (everybody else can be anonymous except me? The biggest joke and double standard)

Thats why people like me. I am the truth teller. They dont like it.

You sounded a little paranoid.

Can you elaborate.

Offline morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #386 on: Yesterday at 08:39:21 AM »
If National Average is $3.40 going to $4.00, then California's average of $4.65 on average might hit $5.25 - Regular average... not Premium. Tesla Owners with Solar may be smiling at how open the roads are if gas gets that high.

A repeat post of this site - but a favorite when discussing inflation: https://www.bls.gov/data/inflation_calculator.htm .

Interesting link you provided.

So is everything more expensive? Or is it our dollars purchasing power drastically reduce?

UK inflation rate soars to 30-year high as cost pressures continue


https://www.cnbc.com/amp/2022/01/19/uk-inflation-rate-soars-to-30-year-high-as-cost-pressures-continue.html


Like us, quite a lot is self inflicted...

How Germany's greed for gas, and another grubby deal with Moscow, could plunge Europe into an abyss

Yet history teaches us that aggressors are emboldened when a blind eye is turned to the rights of weaker societies. It was exactly this kind of appeasement that nurtured and helped fuel Hitler's aggression.

While Putin's Russia may not be a new Nazi Germany, it is hard to miss today's alarming parallels with the recent past.

The West could inadvertently help ignite a new and devastating conflict should a ruthless Russian leader believe he can restore his country's imperial greatness without the risk of a wider war involving Ukraine's friends.

So in a troubling echo of the situation a century ago, Europe is once again being rocked by soaring inflation — and now haunted by the prospect of a new German-Russian axis.

Will the Nord Stream 2 pipeline be remembered as the Rapallo of this century — and precipitate the slide towards a new and all-too-terrible disaster?

https://www.dailymail.co.uk/debate/article-10420447/How-Germanys-greed-gas-grubby-deal-Moscow-plunge-Europe-abyss.html

 

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