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Inflation Beyond the Stars Thread for April 12
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2022 Apr 12, 12:49am 146,613 views 1,539 comments
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1217
DOGEWontAmountToShit
2024 Jul 11, 10:07am
DOGEWontAmountToShit
2024 Jul 11, 10:07am
AD says
Which is bullshit.
The Federal Reserve uses PCE as its inflation indicator and its been below 3% since October 2023 (6 month average is around 2.7%).
Which is bullshit.
1218
AD
2024 Jul 11, 10:26am
AD
2024 Jul 11, 10:26am
DemocratsAreTotallyFucked says
Yes, but that is CPI which is not as comprehensive as PCE. I just use them to follow trends and CPI is on downward trend with June 2024's annual inflation rate (or 12 month inflation rate) of 3%.
How they calculate CPI and PCE is somewhat controversial as far as the weightings of the aggregates like housing and how it applies to the working class and the lower middle class, especially when it comes to housing.
I am just hoping the bond market eases up and gets dovish views on inflation, and interest rates such as for the 10 year bond drop.
That will help reduce how much the federal government spend's annually on debt service payment, and help to reduce the deficit relative to the Pentagon's and Veteran Affairs' budgets.
.
Which is bullshit.
Yes, but that is CPI which is not as comprehensive as PCE. I just use them to follow trends and CPI is on downward trend with June 2024's annual inflation rate (or 12 month inflation rate) of 3%.
How they calculate CPI and PCE is somewhat controversial as far as the weightings of the aggregates like housing and how it applies to the working class and the lower middle class, especially when it comes to housing.
I am just hoping the bond market eases up and gets dovish views on inflation, and interest rates such as for the 10 year bond drop.
That will help reduce how much the federal government spend's annually on debt service payment, and help to reduce the deficit relative to the Pentagon's and Veteran Affairs' budgets.
.
1219
AD
2024 Jul 11, 10:55am
AD
2024 Jul 11, 10:55am
Still the 3 month and 1 year Treasury did not budge much today after the CPI report which shows inflation continuing to trend down.
The Yield Curve still remains inverted.
What gets me is I go back to late 1990s and PCE was very low. Yet the 10 Year Treasury and 30 Year mortgage were high like they are now.
Back then in 1999 the 30 Year mortgage rate was between 6.5% and 7%, despite PCE (or annual inflation) remaining below 3%. What happened back then ????
https://tradingeconomics.com/united-states/pce-price-index-annual-change
https://tradingeconomics.com/united-states/mortgage-rate
,
The Yield Curve still remains inverted.
What gets me is I go back to late 1990s and PCE was very low. Yet the 10 Year Treasury and 30 Year mortgage were high like they are now.
Back then in 1999 the 30 Year mortgage rate was between 6.5% and 7%, despite PCE (or annual inflation) remaining below 3%. What happened back then ????
https://tradingeconomics.com/united-states/pce-price-index-annual-change
https://tradingeconomics.com/united-states/mortgage-rate
,
1222
Joetheplumber
2024 Jul 12, 6:25am
Don't forget the change from 20lb to 15 lb propane tank refills... Been going on for a long fricking time, and no one complains.
Joetheplumber
2024 Jul 12, 6:25am
Don't forget the change from 20lb to 15 lb propane tank refills... Been going on for a long fricking time, and no one complains.
1223
clambo
2024 Jul 12, 6:39am
The price of scuba diving from Jupiter, Florida on a dive boat with 2 tanks (which I rent) is now $150.
I tip the two dive boat crew $20 each, so the total=$190.
Previously it was $120 plus tip=$160.
In California I always did diving from a beach and it cost me nothing except $5 for filling my tank with air.
I tip the two dive boat crew $20 each, so the total=$190.
Previously it was $120 plus tip=$160.
In California I always did diving from a beach and it cost me nothing except $5 for filling my tank with air.
1224
RWSGFY
2024 Jul 12, 7:04am
RWSGFY
2024 Jul 12, 7:04am
Joetheplumber says
Local ACE still fills them to 20lbs and cheaper than your typical gas station exchange.
Don't forget the change from 20lb to 15 lb propane tank refills... Been going on for a long fricking time, and no one complains.
Local ACE still fills them to 20lbs and cheaper than your typical gas station exchange.
1225
AD
2024 Jul 12, 1:15pm
AD
2024 Jul 12, 1:15pm
.
The Panama City Beach "bed tax" (for hotels, motels and vacation rentals) is down for April 2024 compared to April 2023 and the previous years.
This tells me the economy is slowing and people cutting back on vacation spending because of inflation.
April 2021 bed tax receipts of $3,245,636 were stellar because a lot of people had COVID money and wanted to go vacation in Florida.
I am going to check to see if there has been "less inflation" (also called "disinflation") for hotel room rates and restaurant food.
.
.
The Panama City Beach "bed tax" (for hotels, motels and vacation rentals) is down for April 2024 compared to April 2023 and the previous years.
This tells me the economy is slowing and people cutting back on vacation spending because of inflation.
April 2021 bed tax receipts of $3,245,636 were stellar because a lot of people had COVID money and wanted to go vacation in Florida.
I am going to check to see if there has been "less inflation" (also called "disinflation") for hotel room rates and restaurant food.
.
.
1243
AmericanKulak
2024 Jul 23, 5:53am
AmericanKulak
2024 Jul 23, 5:53am
It's not "Shrinkflation", it's "Right Sizing" - Cheatle's replacement at PepsiCo
1244
The_Deplorable
2024 Jul 23, 10:30am
These people are trying to hide the fact that they are raising prices. And RISING PRICES is inflation.
1248
HeadSet
2024 Jul 24, 11:04am
HeadSet
2024 Jul 24, 11:04am
zzyzzx says
And it messes up cupholders and vending machines designed around the traditional can size.
And it messes up cupholders and vending machines designed around the traditional can size.
1249
AmericanKulak
2024 Jul 24, 11:36am
AmericanKulak
2024 Jul 24, 11:36am
I walked down the soda aisle for the first time in a while and noticed the soda cans were much smaller than normal. More like airline sized.
1250
AD
2024 Jul 24, 9:14pm
AD
2024 Jul 24, 9:14pm
.
Coffee Prices Will Keep Rising into 2025, Roaster Lavazza Says
It’s not just weather, though, that’s driving up prices. Emerging demand in markets like China promises to keep supplies tight. There’s also a growing recognition that coffee traders and roasters have long been underpaying farmers, a trend some buyers are trying to reverse to make the industry more sustainable. Higher profits incentivize producers to keep planting coffee instead of other crops and allow them to reinvest in making their trees more resilient to disease and climate risks. If coffee prices don’t go up for growers, there won’t be any reason for them to maintain long-term production.
https://www.yahoo.com/finance/news/cup-coffee-already-expensive-even-110014980.html
.
Coffee Prices Will Keep Rising into 2025, Roaster Lavazza Says
It’s not just weather, though, that’s driving up prices. Emerging demand in markets like China promises to keep supplies tight. There’s also a growing recognition that coffee traders and roasters have long been underpaying farmers, a trend some buyers are trying to reverse to make the industry more sustainable. Higher profits incentivize producers to keep planting coffee instead of other crops and allow them to reinvest in making their trees more resilient to disease and climate risks. If coffee prices don’t go up for growers, there won’t be any reason for them to maintain long-term production.
https://www.yahoo.com/finance/news/cup-coffee-already-expensive-even-110014980.html
.
1251
Patrick
2024 Jul 28, 11:34am
Patrick
2024 Jul 28, 11:34am
https://justthenews.com/nation/economy/vp-harris-cast-tie-breaker-vote-stimulus-package-leading-inflation-preview-her-admin
Vice President Kamala Harris cast the tie-breaking vote in the Senate for the first COVID-19 stimulus package in 2021 which led to inflation, in what critics call a sign of what’s to come in a possible Harris administration.
Harris, who is the President of the Senate, has cast the most tie-breaking votes in the Senate of any vice president, a total of 33 thus far. Her second tie-breaker was for the stimulus package at the beginning of the Biden administration, which has significantly impacted the economy, as inflation has skyrocketed.
Harris cast the tie-breaking vote in the Senate for the $1.9 trillion stimulus package in February 2021 before it was sent over to the House of Representatives and passed.
Following the passage of the stimulus package, inflation increased significantly.
The U.S. inflation rate was 1.4% in 2020, then jumped to 7% in 2021. President Biden repeatedly said he "inherited" a 9% inflation rate, which CNN called false.
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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