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Inflation Beyond the Stars Thread for April 12


               
2022 Apr 12, 12:49am   203,979 views  1,897 comments

by TheAntiPanicanLearingCenter   follow (9)  

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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1888   The_Deplorable   2026 Jan 9, 12:40pm  

Is this Inflation or just plain fraud?


1889   Misc   2026 Jan 9, 1:02pm  

In Arizona, the minimum wage went from $11.00 per hour to $15.15 per hour now. The number of items served didn't increase. A lot of people from California moved in and didn't want people to be paid "slave" wages.

It didn't help out the employees a bit, the increase in rent as well as other price increases put them further behind, except for those living with Mom and Dad.
1890   RWSGFY   2026 Jan 9, 4:16pm  

The_Deplorable says

Is this Inflation or just plain fraud?





How is it fraud? Have words lost all meaning?
1891   HeadSet   2026 Jan 9, 7:58pm  

The_Deplorable says

Is this Inflation or just plain fraud?

Rise in minimum wage.
1892   AD   2026 Jan 10, 12:04am  

RWSGFY says

How is it fraud? Have words lost all meaning?


That is true as far as the rise in working class wage. They are now paying a starting hourly rate about $16 an hour at McDonald's in Panama City Beach. It was around $10 an hour in 2019. It is now about $9 for a Big Mac meal.

California's minimum wage is around $17 but they probably pay $20 as a starting hourly wage at McDonalds.
1893   The_Deplorable   2026 Jan 10, 12:58am  

RWSGFY says
"How is it fraud? Have words lost all meaning?"

No... I am wondering because my income did not double or triple in the same
period of time.
1894   Booger   2026 Jan 10, 3:37am  

The_Deplorable says

Is this Inflation or just plain fraud?




Besides food inflation, minimum wage increases, insurance and property tax increases, and probably McDonald's increasing prices until people stop buying. I'd love to see the accounting on this.

Remember that prices today have more to do with what the market will bear, not the cost of production.
1895   HeadSet   2026 Jan 10, 9:48am  

Booger says


Remember that prices today have more to do with what the market will bear, not the cost of production.

Always have. Production costs always eat into profit, not revenue.

Odd that the public will complain about a high-priced hamburger, but not about the $800 iPhone that cost Apple $20 to make.
1896   Misc   2026 Jan 13, 2:54pm  

Remember earlier in the year when the economists were blathering about how the price of a vehicle was gonna go up like $10k because of Tariffs ????

They were 100% wrong, but somehow they are still employed because accuracy is not a factor. Only being able to spew anti-Trump propaganda is needed to be an economist.
1897   FortWayneHatesRealtors   2026 Jan 13, 4:15pm  

Misc says

Remember earlier in the year when the economists were blathering about how the price of a vehicle was gonna go up like $10k because of Tariffs ????

They were 100% wrong, but somehow they are still employed because accuracy is not a factor. Only being able to spew anti-Trump propaganda is needed to be an economist.


So far Trump was right on tariffs, and I hope it stays.

He’s been plenty often the reason for inflation in the past. He’s bailing out real estate investors even now buying MBSs, PPP was his money handout, every omnibus he signed, threatening fed over high interest rates, he wants zero rates to spike asset inflation.

Just saying don’t worship a man, all men are faulty.

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