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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   106,787 views  1,076 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

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808   AD   2024 Mar 3, 10:59pm  

Eman says

Inflation, or a bubble?


Not sure as the halving of Bitcoin is suppose to make it more valuable.

But I see whereas Bitcoin is some abstract asset which put it at risk for speculation even more now there are ETFs for Bitcoin.

I read the reason why silver is not going up is fraud as the "paper silver" is a lot more than the actual supply of silver (included in the ground).

I read they said silver should be at least $500 an ounce based on its actual supply.

But the powers to be don't want silver to be that expensive since it is a common industrial commodity that goes into Tomahawk cruise missiles to other systems.

That is why some say the silver market is manipulated or rigged.

.
809   Misc   2024 Mar 3, 11:13pm  

Markets...manipulated ???? - You say it like it's a bad thing.
810   HeadSet   2024 Mar 4, 7:25am  

AD says

But the powers to be don't want silver to be that expensive since it is a common industrial commodity that goes into Tomahawk cruise missiles to other systems.

Maybe, but industrial demand for silver declined when film photography was replaced by digital.
811   Eman   2024 Mar 4, 11:13pm  

Most of the stats are fact unfortunately. That’s why I feel very uneasy about the current state of the economy.



https://x.com/wallstreetsilv/status/1764698207718691252?s=46&t=5lEEPaezr6Ic-W4Z6huZ5Q
817   AD   2024 Mar 6, 11:27am  

Eman says

Most of the stats are fact unfortunately. That’s why I feel very uneasy about the current state of the economy.


What concerns me is we are going to get a series of "October Surprises" as the Democrat establishment and mainstream media get more desperate a few months before the upcoming November election.

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820   zzyzzx   2024 Mar 6, 11:31am  

These used to be filled higher:


829   AD   2024 Mar 12, 7:56pm  

.

Annual inflation is at 3.2% as forecasted. Recall Jerome Powell said he was open to lowering the Fed Funds rate from 5.5% (a 23 year high) if inflation remained between 2 and 3%. Maybe the Fed will lower it to 5.25% just to make some token gesture this summer. From what I recall, the Fed usually keeps the Fed Funds rate about 1.5% above annual inflation once inflation steadies.

.

https://www.cnbc.com/2024/03/12/cpi-inflation-report-february-2024-.html

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831   zzyzzx   2024 Mar 13, 8:55am  

AD says

Annual inflation is at 3.2% as forecasted.


Only if you believe government manipulated numbers.
832   Misc   2024 Mar 13, 9:07am  

It all depends who you are.

If you refinanced your mortgage at less than 3%, then sure inflation is at 3.2%

If you are looking at buying a house, well house payments for a 30 year loan are 80% higher than in 2021.

If you are looking at attending college, well the average person coming out still has about $30k of student loans. However, instead of having to repay them over 20 years at 1.25% (total cost of about $37k) the student has to repay over the 20 years at 5.5% (total cost of about $85k).

Sucks to be a young adult today.
834   AD   2024 Mar 13, 10:55pm  

.

39 cents for Burger King Whopper in 1963 ... its about $6.50 now just for the whopper, and about $10 for a Whopper meal of fries and drink at the Burger King on Thomas Drive across from the Naval Base in Panama City Beach.

4.75% annual inflation from 1963 to 2024 for the Whopper price. I doubt wages went up that much during this period. I think working class people have a very valid concern about their buying power.


836   zzyzzx   2024 Mar 14, 6:38am  

https://finance.yahoo.com/news/us-wholesale-prices-picked-february-124217277.html

US wholesale prices picked up in February in sign that inflation pressures remain elevated
837   Patrick   2024 Mar 16, 12:40pm  




I poked around and this could be true in some city. Here's Amarillo, TX, for example:

https://www.gasbuddy.com/charts


838   AD   2024 Mar 16, 1:39pm  

Patrick says




I poked around and this could be true in some city. Here's Amarillo, TX, for example:

https://www.gasbuddy.com/charts





Yes when there was panic in the oil market right after the first COVID lockdown announcement.

I think it was lowest at $1.25 at the gas pumps of a convenience store/vape shop off of Martin Luther King Blvd in Panama City.

I think lower Louisiana has the lowest gas prices in the country.

.

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