4
0

Inflation Beyond the Stars Thread for April 12


 invite response                
2022 Apr 12, 12:49am   106,637 views  1,074 comments

by AmericanKulak   ➕follow (8)   💰tip   ignore  

Since we know the numbers are going to suck since Peppermint Patty is leading the Amen Corner Media to blame Putin for it:
https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati

Frankly, I prefer my spaceship to have big tits and not fake inflated ones.

EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'

https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net

« First        Comments 1,002 - 1,041 of 1,074       Last »     Search these comments

1002   AD   2024 Apr 26, 8:50pm  

UkraineIsTotallyFucked says

How so?

The Feds will ALWAYS be able to pay the debt.


Debt service or payment was 8% of total expenditures in 2022. What was it in 2023 and what will it be in 2024 ?
1003   UkraineIsTotallyFucked   2024 Apr 27, 7:19am  

AD says

Debt service or payment was 8% of total expenditures in 2022. What was it in 2023 and what will it be in 2024 ?


Doesn't matter. Also, tax receipts are higher because of inflation.
1004   AD   2024 Apr 27, 1:17pm  

UkraineIsTotallyFucked says

AD says

Debt service or payment was 8% of total expenditures in 2022. What was it in 2023 and what will it be in 2024 ?

Doesn't matter. Also, tax receipts are higher because of inflation.


Yes inflation (not stagflation) will do that. But it sill matters as far as debt service being sustainable even if they try to inflate out of a debt crisis.

.
1005   Patrick   2024 Apr 27, 2:17pm  

A lot of recent inflation was due to the scamdemic and the following money printing. So it started in early 2020 when they were trying to destroy Trump's excellent economy. But it really got rolling after Biden cut off the Keystone pipeline and implemented other ways to make energy more expensive.


1007   clambo   2024 Apr 30, 7:12am  

What readers seem to forget is the owners of the US debt are not all in the USA.
Therefore, you go to work to pay taxes which pay interest on the debt owed to foreigners and foreign governments.
Today it's about 33% of the US debt.
This money is forever lost to the US economy.
Slowly, inevitably, Congress overspending is lowering our standard of living and making life more expensive.
1008   Eric Holder   2024 Apr 30, 1:47pm  

Patrick says


A lot of recent inflation was due to the scamdemic and the following money printing. So it started in early 2020 when they were trying to destroy Trump's excellent economy


"They"?

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act): This was a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States1. The spending primarily included $300 billion in one-time cash payments to individual Americans, $260 billion in increased unemployment benefits, the creation of the Paycheck Protection Program that provides forgivable loans to small businesses, $500 billion in loans for corporations, and $339.8 billion to state and local governments.

Consolidated Appropriations Act, 2021: On December 27, 2020, President Donald Trump signed into law H.R. 133, a consolidated $2.3 trillion appropriations package, including provisions allocating approximately $900 billion for various economic relief programs to address hardships caused by the coronavirus pandemic.


"They" even wanted "their" name on the stimulus checks.

Pepperidge Farm doesn't have selective memory when it comes to inflation-creating moves.
1013   zzyzzx   2024 May 2, 7:03am  

Count them:


1015   zzyzzx   2024 May 3, 4:44am  

Main ingredient % reduced:


1019   zzyzzx   2024 May 6, 4:49am  

60 to 56 count:


1024   zzyzzx   2024 May 6, 4:53am  

Now only 3 in the package vs 4:


1025   zzyzzx   2024 May 6, 4:56am  

This used to come filled:




1027   zzyzzx   2024 May 6, 4:58am  

Shrinking Tide:


1030   zzyzzx   2024 May 7, 4:57am  

Less milk:


1031   zzyzzx   2024 May 7, 4:58am  

https://www.reuters.com/business/retail-consumer/south-korea-slap-fines-food-suppliers-shrinkflation-2024-05-03/

South Korea's antitrust regulator said on Friday food makers and suppliers will be required to notify shoppers if they reduce the size of their products or face fines of up to 10 million won ($7,300).
1032   zzyzzx   2024 May 7, 5:10am  

https://chainstoreage.com/exclusive-consumers-are-noticing-shrinkflation-and-dont-it

EXCLUSIVE: Consumers are noticing 'shrinkflation' – and don’t like it

According to results of a new survey of more than 1,000 U.S. consumers and business owners exclusively released to Chain Store Age by Clarify Capital, more than four-in-five consumer respondents (81%) have noticed shrinkflation, with three-in-10 (29%) having seen it very often since 2020.
1034   zzyzzx   2024 May 7, 7:39am  

https://finance.yahoo.com/news/retailers-jacked-prices-squeezed-consumers-180028231.html

Retailers jacked up prices and squeezed consumers. They might have just blinked
1035   Patrick   2024 May 7, 10:58am  

https://www.coffeeandcovid.com/p/fiery-lessons-tuesday-may-7-2024


But then, blowing up its own argument in mid-sentence, in the video CNBC used a Subway turkey sub as an example. The sub cost $5 two years ago. It costs $11 now. Even Portlanders can tell that’s a lot more than +23%. ...

This almost seems like a cliche, but if a Republican were occupying the White House, inflation would be all that CNBC would be talking about, twenty-four-by-seven, and not in this good, optimistic, seeing-the-bright-side way. It would be the End of the Financial World. Trust me.
1038   AD   2024 May 7, 9:40pm  

.

The Vanguard fund that invests in the overall bond market has at best kept up with annual inflation since it started in 2007. I wonder if the bond crash of 2022 to 2023 is the reason for this dismal performance, and that this bond fund will recover as the worst is now behind it for the current economic cycle.

Inflation obviously has weighed down the performance of this bond fund.



.

« First        Comments 1,002 - 1,041 of 1,074       Last »     Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions