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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   154,365 views  1,588 comments

by AmericanKulak   ➕follow (9)   💰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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1538   zzyzzx   2024 Dec 17, 7:39am  

Same price, but half the dose:


1542   Misc   2024 Dec 29, 10:48pm  

So, the Mainstream media has in lock step with no dissention with all the Ivy league economists proclaimed that Trump's tariffs are inflationary.

Lemme tell ya a secret, that shit's pure crap.

Raising taxes is disinflationary, Lowering taxes is inflationary.

... and, yes, 'X' still won't give me an account.
1544   The_Deplorable   2024 Dec 31, 12:57pm  

Patrick says
" https://billricejr.substack.com/p/mcflation
The price of the McChicken sandwich increased the most - from $1.00 in
2014 to $2.99 in 2024 - a price increase of 199 percent."

The price increase is actually 300 percent... or are they perhaps using
a different basis for this calculation?
1545   zzyzzx   2025 Jan 2, 5:59am  

https://www.youtube.com/watch?v=ABvu0qZ2B6Q

How Democrats view inflation
1547   Misc   2025 Jan 14, 11:37pm  

Let see...Biden spent a record $711 billion more than he had coming in during the last quarter. That's like up 39% from last year both on the deficit increase as well as the overall outlay itself. Both record expenditures and record deficit. Yes, even more than the Covid free money giveaway.

Democrats will try to blame those greedy corporations though. And people wonder why inflation is high.

https://www.marketwatch.com/story/u-s-budget-deficit-swells-to-record-711-billion-in-first-quarter-of-fiscal-year-ab264267
1548   zzyzzx   2025 Jan 15, 6:17am  

Even YouTube is shrinking their stuff:


1549   zzyzzx   2025 Jan 15, 6:19am  

Newer size is smaller:


1552   RWSGFY   2025 Jan 23, 10:48am  

President Donald Trump’s new post on Truth Social threatening new economic sanctions on Russia shows that Putin has finally met his match. It now looks as if Donald Trump may not be bullied by Putin’s empty holster of threats, bluster, and bluffs. (Unlike fucking Potato --RWSGFY)

Trump has come to realize he holds the leverage while Putin stares down bankruptcy and total collapse. Putin’s regime, according to our research, is on pace to run out of cash by the end of the year, if not sooner, if stronger sanctions are implemented.

Putin has been obfuscating how weak the Russian economy is by hiding and fudging the numbers. Putin now refuses to disclose major economic indicators as required by the IMF and as Russia used to release regularly. This ranges from foreign trade data, monthly output data on oil and gas, capital inflows and outflows, financial statements of major companies, central bank monetary base data, foreign direct investment data, domestic value added by industry, and lending and loan origination data. Even Rosaviatsiya, Russia’s federal air transport agency, has stopped publishing data on air passenger volumes.

Our new analysis shows the true nature of the Russian economy. Putin is strangling his own nation with inflation approaching Weimar Germany’s collapse. As Trump pointed out, Russian inflation has gone through the roof with annual inflation near 10%. Even food is becoming prohibitively expensive, with milk and dairy inflation near 20%; bread and bakery inflation near 15%; and fruit and vegetable inflation near 30%. Inflation across gasoline, housing, and utilities is similarly in the double digits. These skyrocketing costs are borne entirely by regular Russian citizens, not by Putin’s cronies.
1556   iloveCefferMemes   2025 Jan 26, 5:24pm  

If your favorite coffee comes from Colombia, you might want to stock up.

There's a huge spat going on between Trump, and the Colombian President Gustavo Petro. Over deportation.

"Trump said he would put an emergency 25% tariff on all Colombian goods coming into the US, which will be raised to 50% in a week. Oil, gold, coffee and flowers top the list of exports, according to Colombia’s tax authorities."

https://finance.yahoo.com/news/trump-slaps-tariffs-sanctions-colombia-193311606.html
1557   AD   2025 Jan 26, 6:15pm  

.

12 month inflation according to PCE is only 2.4%

As far the the above post #1556, I agree as that should increase the price of non Colombian coffee more people buy it to avoid paying the 25% tariff on Colombian coffee

maybe that means they lower the price of Colombian coffee to counter the 25% tariff, and the equilibrium price is only 12.5% above the pre-tariff price

.
1559   Patrick   2025 Jan 29, 1:40pm  

https://graymirror.substack.com/p/the-pleasure-of-error


someone just noticed that if you could hold a McChicken sandwich without any asset depreciation, McChicken would have beaten the SPX over the last five years
1560   AD   2025 Jan 29, 2:56pm  

the Fed Funds rate is 4.5% with the Federal Reserve benchmark for annual inflation (Personal Consumption Expenditure) at 2.4%
banks are borrowing at 4.5% and then turning around and charging the prime rate of 7.5%

banks are also paying around 4.5% for 1 year CD's

that is why the 10 Year Treasury is at 4.5%, and its more expensive for the federal government to borrow money, because no one is going to buy a 10 Year Treasury at 3.5% (still beats annual inflation of 2.4%) when they can buy 1 year CD's at 4.5%
1562   AD   2025 Feb 2, 9:12pm  

.

paid 50 cents a pound for bananas at Walmart Front Beach Rd this weekend, whereas it was 68 cents a pound about 2 years ago

chicken legs are still about $1.29 a pound and the same price as 2 years ago (granted it is not imported)

dollar is getting strong

.



.
1564   Patrick   2025 Feb 5, 11:27am  

https://rudy.substack.com/p/the-corruption-of-money


“Take nominal GDP less inflation - that gives you real GDP. So if inflation is being understated, as a lot of us think, that means that real growth is being overstated. Let's just say the economy is growing at 6% nominal, which includes inflation, and inflation's really four and a half percent - then you know the real GDP is only about one and a half percent. It's not that great, not that far above inflation, and I think that's why a lot of people - they look at these reports of how buoyant the U.S. economy is, and they go, ‘well, not for me.’”

David Hay
1567   clambo   2025 Feb 6, 8:51am  

Wow, Kamala sure looks a little "chimpy" in that hat.
1570   AD   2025 Feb 7, 4:43pm  

.

12 month CPI seems "massaged" coinciding with Harris announcement to run for President

Jul 2024: 2.9%
Aug 2024: 2.5%
Sept 2024: 2.4%
Oct 2024: 2.6%

Dec 2024: 2.9%

.
1575   AD   2025 Feb 15, 6:57pm  

OkDOGEisAmountingToSomething says






This is down the street from us in Panama City Beach, and is around $18 for a hardy breakfast of steak, 2 eggs, coffee, etc
.



.
1576   AD   2025 Feb 15, 8:34pm  

Patrick says


https://billricejr.substack.com/p/mcflation





In 2014 the hourly wage for a crew member in Panama City Beach at McDonalds was around $9

Now they are paying around $16 an hour for a crew member

There has been a lot of pressure (even outside of California) to pay more for fast food crew members

Also remember up to 2014 there was the $5 foot long Subway sandwich ? how much is it now ? a Subway footlong meatball sandwich was $5 now it is around $9.50 in Panama City Beach

.
1577   HeadSet   2025 Feb 15, 9:04pm  

AD says

Also remember up to 2014 there was the $5 foot long Subway sandwich ? how much is it now ? a Subway footlong meatball sandwich was $5 now it is around $9.50 in Panama City Beach

Same here in Virginia.

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