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Inflation Beyond the Stars Thread for April 12
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2022 Apr 12, 12:49am 144,785 views 1,490 comments
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1177
Al_Sharpton_for_President
2024 Jun 27, 5:20am
Al_Sharpton_for_President
2024 Jun 27, 5:20am
So should one be allowed to claim a capital loss on cash one is holding?
1181
komputodo
2024 Jun 28, 12:15pm
komputodo
2024 Jun 28, 12:15pm
c'mon man...a $100 basket of groceries 2 years ago is only $120 now``````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````` zzyzzx says
that's just the chips "settling"
that's just the chips "settling"
1182
komputodo
2024 Jun 28, 12:19pm
komputodo
2024 Jun 28, 12:19pm
zzyzzx says
ebt clowns should always have cocoa roasted almonds in their pantry...Its a GOD GIVEN RIGHT
Now 2oz less almonds:
ebt clowns should always have cocoa roasted almonds in their pantry...Its a GOD GIVEN RIGHT
1187
AD
2024 Jun 28, 11:16pm
AD
2024 Jun 28, 11:16pm
Overall PCE (annual inflation) reported today for end of May 2024 data as 2.6%.
Annual inflation (based on PCE) excluding food energy has been trending below 3% for last 6 months.
Overall PCE has been trending below 2.8% for last 6 months.
The new normal likely is annual inflation between 2.5% and 3.5%.
I noticed the 3 bedroom, 2.5 bath, 2 car garage townhomes within 2 miles of the Florida Panhandle's beaches are listed for around $295,000.
Their peak sales price was in early 2022 around $330,000, and the locked-in 30 year mortgage rate was around 3.25%.
And the rent price is around $2200 which is same as it was 2 to 3 years ago.
.
Annual inflation (based on PCE) excluding food energy has been trending below 3% for last 6 months.
Overall PCE has been trending below 2.8% for last 6 months.
The new normal likely is annual inflation between 2.5% and 3.5%.
I noticed the 3 bedroom, 2.5 bath, 2 car garage townhomes within 2 miles of the Florida Panhandle's beaches are listed for around $295,000.
Their peak sales price was in early 2022 around $330,000, and the locked-in 30 year mortgage rate was around 3.25%.
And the rent price is around $2200 which is same as it was 2 to 3 years ago.
.
1188
AD
2024 Jun 28, 11:21pm
AD
2024 Jun 28, 11:21pm
Notice from the PCE data that durable goods continues to show deflationary or minimum inflationary pressure, as people are buying less computers, cars, refrigerators, furniture, etc.
That should be one of the first signs or symptoms that the economy is slowing down.
Its going to be interesting if the economy slows enough in next few months and right before the November election for people to allow that to influence their vote.
I am looking at Real Clear Politics composite poll data and all those Democrat Senators like in Nevada and Ohio are ahead in the polls. This should be the year that the Republicans can take back the Senate with a +3 seat lead.
.
That should be one of the first signs or symptoms that the economy is slowing down.
Its going to be interesting if the economy slows enough in next few months and right before the November election for people to allow that to influence their vote.
I am looking at Real Clear Politics composite poll data and all those Democrat Senators like in Nevada and Ohio are ahead in the polls. This should be the year that the Republicans can take back the Senate with a +3 seat lead.
.
1189
AD
2024 Jun 28, 11:49pm
AD
2024 Jun 28, 11:49pm
Here is another bellweather as far as the economy cooling:
https://finance.yahoo.com/news/nike-stock-sinks-after-company-projects-larger-sales-decline-than-expected-in-2025-192129443.html
The Democrats might be just lucky that the mainstream media and the federal bureaucracy manage the economy's narrative so that enough voters are fooled to think the economy is doing well going into the election.
The bough breaks after the November election when the false narrative cannot overcome that sour of economic conditions.
.
https://finance.yahoo.com/news/nike-stock-sinks-after-company-projects-larger-sales-decline-than-expected-in-2025-192129443.html
The Democrats might be just lucky that the mainstream media and the federal bureaucracy manage the economy's narrative so that enough voters are fooled to think the economy is doing well going into the election.
The bough breaks after the November election when the false narrative cannot overcome that sour of economic conditions.
.
1199
AD
2024 Jul 1, 11:31pm
AD
2024 Jul 1, 11:31pm
.
https://abc7.com/post/state-farm-seeking-30-rate-hike-california-homeowners/15009617/
State Farm raised property insurance rates in California by 20% this year.
They are requesting a 30% increase for next year.
So a 56% increase in 2 years
(calculation: 1.2 x 1.3 = 1.56)
How much of the increase is not due to increase in the home's replacement value ?
I would surmise at least 65% of the increase is not due to increase in the home's replacement value.
Home values in California went up about 40% to 60% since January 2020.
.
https://abc7.com/post/state-farm-seeking-30-rate-hike-california-homeowners/15009617/
State Farm raised property insurance rates in California by 20% this year.
They are requesting a 30% increase for next year.
So a 56% increase in 2 years
(calculation: 1.2 x 1.3 = 1.56)
How much of the increase is not due to increase in the home's replacement value ?
I would surmise at least 65% of the increase is not due to increase in the home's replacement value.
Home values in California went up about 40% to 60% since January 2020.
.
1201
zzyzzx
2024 Jul 2, 11:03am
zzyzzx
2024 Jul 2, 11:03am
The good news is, soon you will be a millionaire. The bad news is, so will everyone else.
1202
AD
2024 Jul 2, 2:21pm
AD
2024 Jul 2, 2:21pm
AD says
This goes to the deflation of durable goods as there is less demand to transport durable goods (appliances, computers, furniture, etc.). A major drop in demand for durable goods is one of the first symptoms of an oncoming recession.
I noticed there still are plenty of laptops between $170 and $200 at Walmart such as Hewlett Packard Windows laptops, just like there were in 2020.
.
.
Notice from the PCE data that durable goods continues to show deflationary or minimum inflationary pressure, as people are buying less computers, cars, refrigerators, furniture, etc.
This goes to the deflation of durable goods as there is less demand to transport durable goods (appliances, computers, furniture, etc.). A major drop in demand for durable goods is one of the first symptoms of an oncoming recession.
I noticed there still are plenty of laptops between $170 and $200 at Walmart such as Hewlett Packard Windows laptops, just like there were in 2020.
.
.
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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