patrick.net
An Antidote to Corporate Media
1,349,636 comments by 15,721 users - AD, HeadSet, SunnyvaleCA online now
« First « Previous Comments 1,740 - 1,779 of 1,854 Next » Last » Search these comments
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?
1757
Patrick
2025 Aug 1, 1:00pm
Patrick
2025 Aug 1, 1:00pm
https://rudy.substack.com/p/valuation-ambiguity
Taco Bell, September 2020 vs today.
Soft Taco: 2020 $1.29, Today $1.99, BLS Calculator: $1.60
Soft Taco Supreme: 2020, $1.79 Today, $2.99 BLS Calculator: $2.22
BLS calculator understates here by 25%-35%.
1761
AD
2025 Aug 17, 12:42am
AD
2025 Aug 17, 12:42am
In 1967, the Big Mac debuted at the princely sum of 45 cents. That seems like a joke to us by 2020s pricing standards, but McDonald's execs actually fretted over the sum, since, at the time, a basic drive-thru hamburger cost just 18 cents. As of this writing, the average price for a modern Big Mac varies by state, with diners in Austin, Texas paying $4.36, and Big Mac lovers in Seattle paying $7.06. Driven by inflation, the average price of a Big Mac has swelled by 141% in the last five years, which is extra disappointing when you consider that, if it were adjusted for inflation, the 1967 price tag of 45 cents translates to just $4.23 in today's dollars. Unless you grab a Big Mac on the lowest end in the Lone Star State, you are likely paying significantly more for it today.
https://www.msn.com/en-us/money/companies/the-price-of-a-big-mac-when-it-debuted-in-1967-is-laughable-today/ar-AA1KzWZv
https://www.msn.com/en-us/money/companies/the-price-of-a-big-mac-when-it-debuted-in-1967-is-laughable-today/ar-AA1KzWZv
1762
HeadSet
2025 Aug 17, 1:11pm
HeadSet
2025 Aug 17, 1:11pm
It seems the word is out to talk up inflation. Pick you start and end dates carefully and be sure to use spice words like "explodes," "surges," "skyrocketing," "spiked," etc. Gee, with this looming hyperinflation the Fed should actually raise rates.
1763
MolotovCocktail
2025 Aug 18, 9:48am
MolotovCocktail
2025 Aug 18, 9:48am
HeadSet says
There won't be hyperinflation.
Gee, with this looming hyperinflation the Fed should actually raise rates.
There won't be hyperinflation.
1764
AD
2025 Aug 30, 3:06pm
AD
2025 Aug 30, 3:06pm
.
annual inflation as per PCE remains steady below 3% and is currently 2.6% , however PCE minus food and energy (called core PCE) is at 2.9% :-/
https://www.bea.gov/data/personal-consumption-expenditures-price-index
Truflation another closely followed calculation of annual inflation is at 2.16%
https://truflation.com/marketplace/us-inflation-rate
.
annual inflation as per PCE remains steady below 3% and is currently 2.6% , however PCE minus food and energy (called core PCE) is at 2.9% :-/
https://www.bea.gov/data/personal-consumption-expenditures-price-index
Truflation another closely followed calculation of annual inflation is at 2.16%
https://truflation.com/marketplace/us-inflation-rate
.
« First « Previous Comments 1,740 - 1,779 of 1,854 Next » Last » Search these comments
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