Inflation Beyond the Stars Thread for April 12
invite response
2022 Apr 12, 12:49am 148,026 views 1,541 comments
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916
zzyzzx
2024 Apr 9, 10:42am
zzyzzx
2024 Apr 9, 10:42am
richwicks says
Because they are too lazy to pop their own popcorn.
zzyzzx says
What a bizarre advertisement "better butter taste". Why do people continue to eat this fake garbage?
Because they are too lazy to pop their own popcorn.
918
HeadSet
2024 Apr 10, 5:55am
HeadSet
2024 Apr 10, 5:55am
Patrick says
The price of generics, like Walmart "Great Value" bread, water. milk, and meats, have doubled. The generics are still cheaper but had higher price increases. Such as Great Value Bread going from sixty cents to $1.40, while the brand name on that chart went from $1.49 to $1.99. Around here though, name brand bread anywhere is around $3.50.
The price of generics, like Walmart "Great Value" bread, water. milk, and meats, have doubled. The generics are still cheaper but had higher price increases. Such as Great Value Bread going from sixty cents to $1.40, while the brand name on that chart went from $1.49 to $1.99. Around here though, name brand bread anywhere is around $3.50.
923
HeadSet
2024 Apr 10, 8:45am
HeadSet
2024 Apr 10, 8:45am
zzyzzx says
Wow, that is lazy on the same level as buying those pre-made PB&J sandwiches.
Because they are too lazy to pop their own popcorn.
Wow, that is lazy on the same level as buying those pre-made PB&J sandwiches.
925
AD
2024 Apr 10, 11:06pm
AD
2024 Apr 10, 11:06pm
.
thanks to Mister Mish: https://mishtalk.com/economics/the-cpi-rose-sharply-in-march-led-by-shelter-and-gasoline/
annual CPI or inflation is 3.5% for March 2024
the annual CPI was 3% in June 2023 and it has remained within the range of 3% to 3.5% up to March 2024
.
thanks to Mister Mish: https://mishtalk.com/economics/the-cpi-rose-sharply-in-march-led-by-shelter-and-gasoline/
annual CPI or inflation is 3.5% for March 2024
the annual CPI was 3% in June 2023 and it has remained within the range of 3% to 3.5% up to March 2024
.
926
AD
2024 Apr 10, 11:28pm
AD
2024 Apr 10, 11:28pm
The Wolfman at Wolfstreet reports that accordingly interest rates have increased : https://wolfstreet.com/2024/04/10/treasury-yields-spike-3-year-by-25-basis-points-inflation-in-services-smacks-down-rate-cut-mania-mortgage-rates-hit-7-34/
10 Year Treasury is around 4.6%.
That is what I expected as its usually around 1.5% above annual inflation. It should be 5% since annual CPI is 3.5% now up from 3.2% in February 2024.
Will see at end of this month what the PCE is, since the Federal Reserve relies on that more to gauge inflation.
.
10 Year Treasury is around 4.6%.
That is what I expected as its usually around 1.5% above annual inflation. It should be 5% since annual CPI is 3.5% now up from 3.2% in February 2024.
Will see at end of this month what the PCE is, since the Federal Reserve relies on that more to gauge inflation.
.
927
AD
2024 Apr 11, 1:06am
AD
2024 Apr 11, 1:06am
.
https://www.usatoday.com/story/money/2024/04/09/states-highest-lowest-inflation/73184932007/
See above. Inflation is the highest in Florida at 3.91% and lowest in Rhode Island at 1.78%.
.
https://www.usatoday.com/story/money/2024/04/09/states-highest-lowest-inflation/73184932007/
See above. Inflation is the highest in Florida at 3.91% and lowest in Rhode Island at 1.78%.
.
929
Patrick
2024 Apr 11, 12:39pm
Patrick
2024 Apr 11, 12:39pm
https://www.coffeeandcovid.com/p/going-on-offense-thursday-april-11
On nearly every front in domestic policy, Joe Biden is failing, especially the economy. In a rational world, that would be a terrible sign for his re-election. It’s the economy, stupid. Yesterday, media broadly covered a story that popped up in Yahoo Finance under the headline, “Inflation comes in hotter than expected in March.” Unexpectedly! Contrary to Biden’s many lies about the economy, inflation is blasting into orbit, even according to highly-manipulated official data.
... Name one domestic area where normal citizens are better off than they were in January 2020. I dare you.
For your amusement, here’s a fun compendium of Biden officials denying that inflation exists or calling it temporary or “transitory”, meaning oh, it’s just a transition. True. It’s a transition from bad to worse...
931
AD
2024 Apr 11, 12:59pm
AD
2024 Apr 11, 12:59pm
Patrick says
If the economy is that bad over the next 6 months , then the media will try to not ignore it but say its not as bad as people think.
And their script or narrative will be that Trump cannot be President at any cost, even if there is a perception that Biden is terrible for the economy.
They'll just very subtly and sophisticatedly lower the bar.
Joe Biden is failing
If the economy is that bad over the next 6 months , then the media will try to not ignore it but say its not as bad as people think.
And their script or narrative will be that Trump cannot be President at any cost, even if there is a perception that Biden is terrible for the economy.
They'll just very subtly and sophisticatedly lower the bar.
932
Blue
2024 Apr 11, 5:14pm
https://www.livemint.com/economy/uday-kotak-of-kotak-bank-shows-this-wild-card-as-he-warns-to-be-ready-for-turbulence-11712816658708.html
Sounds like inflation is underreported because of the election year.
Sounds like inflation is underreported because of the election year.
933
stereotomy
2024 Apr 11, 5:39pm
stereotomy
2024 Apr 11, 5:39pm
Asset price inflation precedes consumer/producer price inflation. Once all the ZIRP money taps out assets, the only place it can go is commodities or the basics required for living. This is ref to post 929.
Case in point, for the last 5 years:
Now just look at gold from 2024:
Case in point, for the last 5 years:
Now just look at gold from 2024:
951
zzyzzx
2024 Apr 17, 8:50am
zzyzzx
2024 Apr 17, 8:50am
https://www.cnbc.com/amp/2024/04/16/powell-cites-lack-of-progress-this-year-in-reaching-feds-inflation-goal.html
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
952
zzyzzx
2024 Apr 17, 9:36am
zzyzzx
2024 Apr 17, 9:36am
https://www.cnbc.com/2024/04/10/the-supercore-inflation-measure-shows-fed-may-have-a-real-problem-on-its-hands.html
The ‘supercore’ inflation measure shows Fed may have a real problem on its hands
The ‘supercore’ inflation measure shows Fed may have a real problem on its hands
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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