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Inflation Beyond the Stars Thread for April 12
invite response
2022 Apr 12, 12:49am 170,291 views 1,755 comments
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1737
AD
2025 Jul 3, 8:46pm
AD
2025 Jul 3, 8:46pm
1977 prices
$1 dollar in 1977 is equivalent to around $4.25 in today's dollars
you would never get these deals like all you can eat fried fish meal for less than $10 in anywhere
$1 dollar in 1977 is equivalent to around $4.25 in today's dollars
you would never get these deals like all you can eat fried fish meal for less than $10 in anywhere
1742
Shaman
2025 Jul 11, 2:02pm
Shaman
2025 Jul 11, 2:02pm
I used gold prices from today and 12 years ago to show my brother in law that his house actually declined in value…
Didn’t make him happy.
Tenpoundbass says
Didn’t make him happy.
Tenpoundbass says
This meme sums up over inflated RE more than 20 years of Patrick.net convos, debates, posts and hills to die on.
The_Deplorable says
1743
Blue
2025 Jul 11, 3:51pm
The_Deplorable says
This is one example that anyone can see and there no evidence that the current trend would stop anytime soon!
This is one example that anyone can see and there no evidence that the current trend would stop anytime soon!
1744
HeadSet
2025 Jul 11, 7:07pm
HeadSet
2025 Jul 11, 7:07pm
Shaman says
Proving that inflation exists does not mean buying a house is a bad idea. If one is going to be staying in an area for several years, buying a house is a good hedge against that inflation.
I used gold prices from today and 12 years ago to show my brother in law that his house actually declined in value…
Proving that inflation exists does not mean buying a house is a bad idea. If one is going to be staying in an area for several years, buying a house is a good hedge against that inflation.
1745
RWSGFY
2025 Jul 16, 8:22am
RWSGFY
2025 Jul 16, 8:22am
“Americans as of Sunday faced a 20.6% average effective tariff rate, according to the Yale Budget Lab, the highest since 1910.
The full effect of the tariffs might not be felt for months …. But the … resulting price increases could amount to the equivalent of a $2,800 hit in yearly household income.”
The full effect of the tariffs might not be felt for months …. But the … resulting price increases could amount to the equivalent of a $2,800 hit in yearly household income.”
1748
RWSGFY
2025 Jul 16, 10:03am
RWSGFY
2025 Jul 16, 10:03am
MolotovCocktail says
They do. The effect was offset by lower gasoline and used car prices, so the headline number came up prettier than it should have been. And it's still early to see full effect due to tacoing and companies building up inventories prior to tariffs going into effect.
PanicanDemoralizer says
0% inflation last month
But, but TARIFFS CAUSE INFLATION!
They do. The effect was offset by lower gasoline and used car prices, so the headline number came up prettier than it should have been. And it's still early to see full effect due to tacoing and companies building up inventories prior to tariffs going into effect.
1749
MolotovCocktail
2025 Jul 16, 10:16am
MolotovCocktail
2025 Jul 16, 10:16am
RWSGFY says
No. They don't. Because tariffs cause demand destruction, which is deflationary.
RWSGFY says
Then explain the tax revenues from this last quarter?
They do.
No. They don't. Because tariffs cause demand destruction, which is deflationary.
RWSGFY says
And it's still early to see full effect due to tacoing and companies building up inventories prior to tariffs going into effect.
Then explain the tax revenues from this last quarter?
1750
stereotomy
2025 Jul 16, 10:38am
stereotomy
2025 Jul 16, 10:38am
RWSGFY says
Yeah, because there isn't a 100K fleet of beaters heading to Mexico anymore.
The effect was offset by lower gasoline and used car prices,
Yeah, because there isn't a 100K fleet of beaters heading to Mexico anymore.
1751
RWSGFY
2025 Jul 16, 10:40am
RWSGFY
2025 Jul 16, 10:40am
stereotomy says
There isn't? What happened?
RWSGFY says
The effect was offset by lower gasoline and used car prices,
Yeah, because there isn't a 100K fleet of beaters heading to Mexico anymore.
There isn't? What happened?
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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