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Inflation Beyond the Stars Thread for April 12


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by AmericanKulak   $0.14 total tips   💰tip   follow   2022 Apr 12, 12:49am  

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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99   ad   2022 Jun 12, 4:30pm  

Patrick says








https://thegoodcitizen.substack.com/p/i-am-uncle-sams-inflation

.

Where did all the money go ?

If all the new money pumped up housing that means housing prices need to return to early 2020 price levels ?

So the S&P 500 (around 4000 points) needs to return to the February 2020 level (around 3300 points) ?

.
100   Patrick   2022 Jun 13, 11:13am  

https://adventuresincapitalism.com/2022/06/13/volcker-and-inflation/

Here’s my alternative view; what if monetary actions mostly serve to impact the price of risk assets, while fiscal mostly impacts the economy’s growth rate, and government policy mostly controls for inflation? As I’ve experienced the interplay of these three factors over more than two decades as an investor, I increasingly think that this is the case.
110   RC2006   2022 Jun 22, 6:06am  

All over firework store employees put them up.

111   Patrick   2022 Jun 22, 10:38am  


RNC Research
@RNCResearch
1h
Q: “Would you say that the war in Ukraine is the primary driver of inflation in America?”

Fed Chair Powell: “No. Inflation was high before, certainly before the war in Ukraine broke out.”
113   Patrick   2022 Jun 26, 2:33pm  

https://gettr.com/user/EdwardDowd


Edward Dowd
@EdwardDowd
Jun 23
We have twin policy errors.

First error: The energy policies of the US & EU coupled with supply chain breaks are primarily responsible for inflation. This is the first commodity cycle where the $DXY has had a concurrent rise with commodities suggesting mostly policy not monetary. Throw in Ukraine war and it’s an accelerant.

Second Error: The Fed is tightening into a credit contraction caused by first error.

Unless the Fed reverses course we are headed for a very hard landing.

Elections in fall are key to reversing first error. Any event that disrupts elections will cause things to become even more unhinged.
117   HeadSet   2022 Jun 29, 6:31pm  

RC2006 says

Throw more money that will fix inflation.

That money is to buy votes.
118   RC2006   2022 Jun 29, 7:32pm  

HeadSet says

RC2006 says


Throw more money that will fix inflation.

That money is to buy votes.


I know dead beat commies eat that shit up
121   RWSGFY   2022 Jul 1, 2:31pm  

RC2006 says

https://www.cbsnews.com/news/stimulus-check-california-inflation-relief-payments-23-million-up-to-1050/#app

Throw more money that will fix inflation.




It kinda sorta qualifies as tax rebate, because states can't print.
122   Patrick   2022 Jul 3, 6:03pm  

https://www.theatlantic.com/newsletters/archive/2022/06/uber-ride-share-prices-high-inflation/661250/


Rising interest rates turned off the spigot for money-losing start-ups, which, combined with energy inflation and rising wages for low-income workers, has forced Uber, Lyft, and all the rest to make their services more expensive. Meanwhile, global supply chains haven’t been able to keep up with domestic consumer demand, which means delivery times for major items like furniture and kitchen equipment have bloomed from “three to five days” to “sometime between this fall and the heat death of the universe.” That means higher prices, higher margins, fewer discounts, and longer wait times for a microgeneration of yuppies used to low prices and instant deliveries. The golden age of bougie on-demand urban-tech discounting has come to a close.


Coastal bougies are also suffering from the catastrophically fraudulent 2020 election and lockdown policies.
123   NDrLoR   2022 Jul 3, 6:41pm  

RWSGFY says

Throw more money that will fix inflation
It'll soon be worth $10.50
124   ad   2022 Jul 3, 10:08pm  

Patrick says








.

At the Walmart in Florida panhandle and I got all the Walmart or Great Value brands.

Ice cream is $2.25 for half a gallon, 1 pound of sliced American cheese is $2.50, a package of hamburgers is $4.50 a pound, chicken legs are $1.09 a pound, etc.

.
.
125   Patrick   2022 Jul 4, 12:54pm  

Patrick says


Coastal bougies are also suffering from the catastrophically fraudulent 2020 election and lockdown policies.


From an email list I'm on:


We are all being subsidized…

Americans living high on the great China manufacturing subsidy, compliant elves in Santa’s workshop that seemingly work for free much like the presents that come down through the chimney.


It is an arrangement between the richest Americans and the CCP.

Amazon gets cheap imports with which Bezos can undercut American-made products and therefore boost his profits tremendously.
Americans get cheap stuff to buy.
The CCP gets most of America's manufacturing base transferred to China.
Chinese workers get jobs which didn't exist before.

Who loses?

American factory workers lose their jobs.
America becomes dependent on the CCP to the point where we can't even make antibiotics without Chinese supplies.

I think the CCP was actually quite brilliant about this, even if evil.

Ironically on Amazon:

https://www.amazon.com/Red-Handed-American-Elites-Helping-China/dp/0063061147/
126   Onvacation   2022 Jul 4, 12:56pm  

ad says

At the Walmart in Florida panhandle

That sounds painful. Did it hurt?
127   Patrick   2022 Jul 4, 12:56pm  

Another thought I have a lot:

Though you can't import slaves, you can export work.
128   Patrick   2022 Jul 9, 11:51am  




Maybe posted before, but worth reposting.
129   HeadSet   2022 Jul 9, 1:51pm  

Patrick says

Another thought I have a lot:

Though you can't import slaves, you can export work.

Many of those illegals will be doing what many would call "slave work."
133   Patrick   2022 Jul 29, 12:32pm  

https://www.dailymail.co.uk/news/article-11058505/True-cost-inflation-revealed-pay-5-915-year-everyday-basics.html


Shock new research for DailyMail.com lays bare brutal toll of inflation under Biden — as we break down why American families are paying a staggering $5,915 more on everyday items
Item by item, we reveal what consumers are paying right now, and what they SHOULD be paying were it not for 12 months of runaway 9.1% inflation
Comprehensive analysis by DailyMail.com found the 45 products that were most frequently burning a hole in the pockets of the average urban shopper
Price rises for gasoline (59.9%) are well known, but many everyday items have jumped: Among them, eggs are up 33.1%, chicken up 18.6% and men's suits are up 24.9%
The typical U.S. household $5,915 cost spike is a hefty rise for households on the median income of $67,521
Families have cut back on everything from Friday-night treats to groceries and travel to make ends meet
134   RC2006   2022 Jul 29, 1:39pm  

But but, I got me da stimulus checks derpedy der.
136   Patrick   2022 Aug 1, 3:40pm  

https://slaynews.com/economy/inflation-squeeze-forces-45-percent-of-americans-to-cut-spending-on-groceries-poll/


A recent survey from Suffolk University/USA TODAY (pdf) reveals that 45.3 percent of Americans have had to cut back their spending on groceries.

59.4 percent also said they are eating out less often as a result of inflation.

Another 48 percent of respondents said they are driving less due to soaring gas prices.

Meanwhile, 45.4 percent said they are postponing or canceling vacations or travel plans amid rising costs.


Gosh, one might think that such reductions in consumer spending would cause a recession. Unless one were a Democrat.
137   Patrick   2022 Aug 3, 5:12pm  

https://boriquagato.substack.com/p/kitten-corner-chipoltle-ole


jeez you guys, who’s doing the PR for chipotle, marie antoinette?

because this kinda sounds like “let them eat cake because they sure are not gonna be able to afford burritos…”




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