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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   144,950 views  1,494 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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1342   AD   2024 Aug 24, 12:27am  

Housing Affordability Index (source data from https://www.nar.realtor/research-and-statistics/housing-statistics/housing-affordability-index)

I believe housing accounts for about 35% of Consumer Price Index (CPI)

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1343   AD   2024 Aug 24, 9:51am  



1344   HeadSet   2024 Aug 24, 10:50am  

AD says





No first-time buyers means no trade up buyers either. Prices will have to drop, or folks will have to double up to buy a house.
1345   AD   2024 Aug 24, 12:13pm  

grocery at 721 Church Street Santa Maria California 93458 (805) 928-2006

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1352   AD   2024 Aug 26, 8:26pm  



1353   AD   2024 Aug 26, 9:59pm  

Landlord just dropped it to $1950 from $2100 a month. At $1950, that is same price nearly paid for rent in 2021.

3 bedroom, 1 car garage about 2 miles from beach and 10 minute walk to strip mall with Dollar General, Gurus Pizza (Indian and Italian food restaurant), Asian massage parlor, Cricket Wireless store, etc

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1357   zzyzzx   2024 Aug 29, 6:48am  

The new, smaller size clams to have "more value":


1362   AD   2024 Aug 30, 6:06pm  

Annual inflation as per PCE is 2.5% as reported today. PCE has average 3% or less since October 2023.

If I was the Federal Reserve I'd not lower rates until it averages 2.25% for at least 6 consecutive months.

https://www.bea.gov/data/personal-consumption-expenditures-price-index

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1363   Booger   2024 Aug 31, 4:36pm  

Ripped off from another thread:


1364   ForcedTQ   2024 Aug 31, 10:06pm  

Alrighty then…..

Shiiiiiiiitt
1365   AD   2024 Sep 2, 1:08pm  

this is in the best place on Earth, the Florida panhandle

and it includes WiFi and electric, water and sewer

at the height of the COVID pandemic, this would easily rent for $1500

just to show you even in the desirable Florida panhandle that housing costs (rents) are going down

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1366   AD   2024 Sep 2, 11:48pm  

if guvmint-reported inflation continues to steady around 2.5% then the 30 year Treasury likely will steady around 3.75% and the 30 year mortgage will steady around 5.5%

My forecast the 30 year mortgage rate will steady around 5.5% by next February
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1367   Misc   2024 Sep 3, 12:10am  

The World would look a lot different with oil at $35 a barrel.

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