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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   65,377 views  623 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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273   WookieMan   2023 Feb 25, 8:43am  

richwicks says

Name all the good things the government has done in the last say, 3 years.

I hate Biden. He's an imbecile. WE HAVE NO BOOTS ON THE GROUND IN UKRAIN!!!!

Every American life is worth at least $1M. Maybe our government lies. He hasn't escalated. He's shipping weapons that were created by American workers. I don't fucking like it but please tell me the alternative?? Russia is and will always move west because their climate is shit. This isn't complicated. The current situation is the lesser of two evils. THIS is always the situation.

Russia needs to be bus tossed and so does Ukraine. Keep our kids alive is all I fucking ask. Money is money. Debt is a business contract. There is risk it doesn't get paid back. We have more resources than the rest of the world. Until you realize that you'll just keep attacking American dominance. It ain't perfect. What's the alternative? Until you present one you're kind of off your rocker.
274   B.A.C.A.H.   2023 Feb 25, 8:51am  

richwicks says


WookieMan - Name all the good things the government has done in the last say, 3 years.

Every accurate National Weather Service forecast, every day. Every ATC directed aviation flight, in every kind of weather, safely to its destination. Thousand of times, every day.

etc etc etc
275   richwicks   2023 Feb 25, 11:14am  

WookieMan says

richwicks says


Name all the good things the government has done in the last say, 3 years.
I hate Biden. He's an imbecile. WE HAVE NO BOOTS ON THE GROUND IN UKRAIN!!!!

Every American life is worth at least $1M. Maybe our government lies. He hasn't escalated. He's shipping weapons that were created by American workers. I don't fucking like it but please tell me the alternative?? Russia is and will always move west because their climate is shit. This isn't complicated. The current situation is the lesser of two evils. THIS is always the situation.

Russia needs to be bus tossed and so does Ukraine. Keep our kids alive is all I fucking ask. Money is money. Debt is a business contract. There is risk it doesn't get paid back. We have more resources than the rest of the world. Until you realize that you'll just keep attacking American dominance. It ain't perfect. What's the alternative? Until you present one you're kind of off your rocker.


These are all the good things that the government has done in the last 3 years in your estimation?

I'm absolutely serious, defend this piece of shit government. You where whining that all I do is shit on it. Well, I'm just shitting on shit.

And you're absolutely wrong - we certainly have boots on the ground in Ukraine, but they are not officially "military". They are "contractors". The US government pulls this crap all the time. The government always lies about conflicts. The only time they make a claim like "we're not doing X" - you can bet your SOUL they are doing X.
276   richwicks   2023 Feb 25, 11:15am  

B.A.C.A.H. says

richwicks says



WookieMan - Name all the good things the government has done in the last say, 3 years.

Every accurate National Weather Service forecast, every day. Every ATC directed aviation flight, in every kind of weather, safely to its destination. Thousand of times, every day.

etc etc etc


Well, we don't need congress for that, do we? Or the FBI, or the NSA, or the military, or the IRS..
277   ad   2023 Feb 25, 11:56am  

richwicks says

And you're absolutely wrong - we certainly have boots on the ground in Ukraine, but they are not officially "military". They are "contractors".


Yeah like DynCorp (now: Amentum) and Blackwater (now: Constellis Holdings)

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278   ad   2023 Feb 25, 12:08pm  

richwicks says

Well, we don't need congress for that, do we? Or the FBI, or the NSA, or the military, or the IRS..


Yes, go back to Constitution and define what is "inherently governmental function" ... the Navy is specifically called out in the Constitution ...

Hence, the Navy should always be active but the rest of DoD should be reserves and "militia" by interpreting the Constitution ...

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279   WookieMan   2023 Feb 25, 12:49pm  

richwicks says

Well, we don't need congress for that, do we? Or the FBI, or the NSA, or the military, or the IRS..

Just move dude and stop bitching. Grass ain't greener on the other side of another government.

Erase it all you you are dead. That's not a joke. No clean water. Shitting in an outhouse. No internet. Do you listen to yourself? If someone else is doing it better GO for fucks sake. Stop bitching.
282   HeadSet   2023 Mar 11, 5:30pm  

What will happen to the penny?
283   RWSGFY   2023 Mar 11, 7:45pm  

ad says


richwicks says


And you're absolutely wrong - we certainly have boots on the ground in Ukraine, but they are not officially "military". They are "contractors".


Yeah like DynCorp (now: Amentum) and Blackwater (now: Constellis Holdings)

.



Why? What's the point? Ukies seem to be capable enough to fight their own fight. In a clash of two almost 1-mil-strong militaries along almost 1000 miles long line of contact what difference could they make anyway?

Not to mention there is 0 proof but who needs proof, amirite?
284   richwicks   2023 Mar 11, 7:53pm  

RWSGFY says


Why? What's the point? Ukies seem to be capable enough to fight their own fight. In a clash of two almost 1-mil-strong militaries along almost 1000 miles long line of contact what difference could they make anyway?


It's to prolong the war. This is a war of attrition. It's not meant to be won, it's being conducted to harm the "other side", in this case, Russia.

Neocons have no reverse gear. They will fuck up, and continue forward regardless. These stupid fucking assholes will NEVER admit error, they never correct, they ONLY double down, that's why we're in Clown World today - they've been on a losing streak for 20 years, they'll just double down again.

Because they can never address changing situations or admit any fault, EVER, they will continue to send people into the meat grinder forever, until there's nothing left to send into the meat grinder. The Neocons are either the stupidest fucking assholes EVER, or they are literally a 5th column trying to destroy the United States. They are SUPREMELY incompetent. What the fuck was the Afghanistan war for anyhow? Can you tell me? 20 years, what was the mission of the Afghanistan war?

For a Neocon it was just to continue it. There was no mission. They are either fucking stupid, or they are saboteurs of this nation.

Our stupid propaganda media screams about how Russia is "losing" when people get fired for incompetence or fuckups in Russia. Russia eliminates people who screw up and are incompetent, the US does not. They reward incompetence. Victoria Nuland is a stupid fucking cunt that was instrumental in causing this war, if she was fired, 20 years ago, this wouldn't happen, she was instrumental in starting the Iraq War, she was Dick Cheney's advisor. If that was a MISTAKE, she should have been fired. NOBODY no matter how much damage they do this nation EVER gets fired, EVER. We've bombed 7 nations over 20 years, how has this been any advantage to the United States? These assholes do not work on behalf of the United States.

RWSGFY says


Not to mention there is 0 proof but who needs proof, amirite?


The patterns of the United States are very clear. The US always sends in "advisors" to any conflict they are involved with. They ALWAYS do this. It will be contractors, and advisors, and other syllogisms, but it's basically military. The US overthrew Ukraine in 2014, and the US isn't just standing back to let this "run the course". That's naive.
286   ad   2023 Mar 12, 9:43pm  

richwicks says

It's to prolong the war. This is a war of attrition. It's not meant to be won, it's being conducted to harm the "other side", in this case, Russia.


russia's debt has not increased much : https://www.usdebtclock.org/world-debt-clock.html

gasoline prices are still averaging above $3 a gallon
287   richwicks   2023 Mar 12, 10:41pm  

ad says

richwicks says


It's to prolong the war. This is a war of attrition. It's not meant to be won, it's being conducted to harm the "other side", in this case, Russia.


russia's debt has not increased much : https://www.usdebtclock.org/world-debt-clock.html

gasoline prices are still averaging above $3 a gallon


I don't think for a moment that Russia is going to lose this war of attrition, but it's going to be long war with many many people killed. It will hurt the United States more than it will hurt Russia. This is typical of the Neocons, they're either fucking the stupidest people ever to gain power of this nation, or they are sabotaging it. Everything they do ends up harming this country.

The war is going to destroy Ukraine. Neocons I swear just like killing. I wouldn't have such a problem with the sociopathic assholes if anything they've done in the last 30 years could be considered a success by any measure.
288   ad   2023 Mar 12, 10:55pm  

richwicks says


It will hurt the United States more than it will hurt Russia.


I read $50 billion in 2022 and $45 billion in 2023 as far as USA federal government funding Ukraine

The US Navy and Marine Corps budget is about $250 billion in 2023, the Coast Guard is $14 billion in 2023

Not sure how much more the Repubs and Dems want to be funding Ukraine about $50 billion a year

At least the debt to gdp ratio is 120% after peaking around 135% in 2020, and it was 107% in march 2020 and averaged 101% during obama's 2nd term

So "inflating out of an economic crisis" is working in regards to the debt to gdp ratio return to pre pandemic levels

https://fred.stlouisfed.org/series/GFDEGDQ188S

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289   richwicks   2023 Mar 13, 12:42am  

ad says

At least the debt to gdp ratio is 120% after peaking around 135% in 2020, and it was 107% in march 2020 and averaged 101% during obama's 2nd term

So "inflating out of an economic crisis" is working in regards to the debt to gdp ratio return to pre pandemic levels


Why do you believe the statistics from a government that just told you inflation is temporary, that we had a deadly pandemic, and the 'vaccines' for it are safe and effective?
290   ad   2023 Mar 13, 11:26am  

richwicks says

Why do you believe the statistics from a government that just told you inflation is temporary, that we had a deadly pandemic, and the 'vaccines' for it are safe and effective?


so you think the united states government statistics like dept to gpd ratio, inflation (or CPI), and unemployment are lies ?

if they are not completely accurate, can we not use them as far as noticing trends ? or do you think they manipulate the data to show favorable trends ?

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291   ad   2023 Mar 14, 2:12pm  

.

i know wolfman at wolfstreet . com tracks monthly and quarterly inflation, but at least annual inflation continues to trend downward
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cnn's fear and greed index is at 26 out of 100, or very close to extreme fear

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294   ad   2023 Mar 27, 12:16pm  

zzyzzx says

https://finance.yahoo.com/news/labor-market-workers-are-getting-two-jobs-amid-inflation-says-industry-watcher-185633402.html

Labor market: Workers are getting two jobs amid inflation, says industry watcher


will see how this plays out with CPI dropping to below 5% by this summer ... it is currently 6% and peaked around 9.1% last summer ...

i hope wage increases catch up some with housing costs within the next 2 to 3 years ...

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295   AmericanKulak   2023 Mar 27, 12:24pm  

Ticky Tack Shacks are ridiculously overpriced, exceeding peak 2006 prices.

Lots of near retirees don't want to hear it, but it's true.

Foreigners won't save the market, and foreigners are concentrated where the H1B jobs are, they are not evenly distributed across the USA, but concentrated in tech and "back office" cities like SFBA, Boston, Raleigh, etc. There are a pitiful fraction of potential homebuyers, the vast majority are around 2 person households, DINKs and Single HoMoms.
296   HeadSet   2023 Mar 27, 1:12pm  

ad says

i hope wage increases catch up some with housing costs within the next 2 to 3 years ...

I do not. I would rather see house prices fall to be affordable at current wages.
301   ad   2023 Apr 1, 12:59am  

This is the second time I received from Ace Hardware a coupon ($5 off for $25 or more purchase). I also noticed Amazon has a lot of deals going like an additional 5% plus free shipping.

Most of the "luxury" apartments (vinyl planking, quartz counter tops, free internet service, pool, gym, etc.) in Panama City Beach are offering free month of rent for 13 month lease.

Gas is about $2.90 a gallon when it was nearly $4.90 a gallon last year.

I also noticed food prices at Walmart on 23rd street in Panama City have remained flat for at least 4 months like $2.60 for 12 eggs, $1.20 for a pound of chicken legs, $2 for box of Great Value corn flakes, $4.25 for gallon of milk, $1.10 for loaf of Great Value wheat bread, etc. Its about the same price for food at Piggly Wiggly in Panama City.

Also I notice Tucktec is keeping its kayak prices steady. I bought my yellow one for around $320 back in 2021 and I see the new ones are at $350 now.

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302   ad   2023 Apr 1, 10:36pm  

Money supply was $4,000 billion at start of COVID pandemic. It is $19,300 billion now.

The Fed selling its assets like Treasuries as part of quantitative tightening is helping some to reduce money supply.

Money supply and interest rates have an inverse relationship. A larger money supply lowers market interest rates, making it less expensive for consumers to borrow. Conversely, smaller money supplies tend to raise market interest rates, making it pricier for consumers to take out a loan.
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304   ad   2023 Apr 4, 10:45am  

I noticed prices dropping at Amazon. I just bought a saltwater and freshwater fly rod set for $70 on Amazon. It includes 8 flies and a fly tackle box as well as a carrying case for the rod set. It was selling for $90 a few months ago.

Then I read this article below about California's Inland Empire expecting major job cuts to Amazon, Walmart, etc. warehouses there.

https://www.msn.com/en-us/money/markets/the-us-warehouse-capital-boomed-during-the-pandemic-now-it-s-facing-a-slowdown/ar-AA19s7HZ

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305   HeadSet   2023 Apr 4, 11:25am  

ad says

I noticed prices dropping at Amazon.

I noticed that prices for bike accessories and computer RAM have fallen also. Wonder if the prices will fall for autos soon.
306   ad   2023 Apr 4, 9:21pm  

,,,

Job market is cooling some, which will reduce risk of inflation. My immediate inflation concern is about the Saudis cutting oil production now.

....

https://www.usatoday.com/story/money/2023/04/04/job-openings-jolts-data-openings-fell/11597277002/

"The U.S. labor market is definitively cooling off," says Nick Bunker, head of economic research at the hiring lab for Indeed, a top online job board.

Since there were 5.9 million unemployed Americans in February, the 9.9 million vacancies amounted to 1.7 available jobs for each unemployed person, down from a near-record 1.9 openings in January.

Openings declined by a whopping 278,000 in professional and business services; 210,000 in trade, transportation and utilities; 150,000 in health care; and 87,000 in leisure and hospitality.
307   Patrick   2023 Apr 6, 8:53pm  

https://rudy.substack.com/p/flashback-hasnt-janet-yellen-done


I've been bashing the "there's no inflation, inflation is too low, we need more inflation, inflation is transitory, inflation is good for you, it's Putin's inflation, we need to raise the inflation target" animals for 10 years online. Anytime there's a discussion of inflation, the only ones calling for more are inbred economists, people who own lots of [levered] assets, people who make a living off of either of these groups, & kids still living at home. The other 90% will chew your ear off about the high cost of living.
308   ad   2023 Apr 7, 1:06am  

Patrick says

people who own lots of [levered] asset


Yes, if you own real estate then you will see appreciation in value. Rental property owners benefit.

I know someone who bought a townhome (3 bedrm, 2.5 bath, 2 car garage, 2 miles to beach) in my HOA for $115,000 in 2011. It sold for $275,000 in 2006. Only put in about $7,000 into renovation just after buying it.

He rents it now for $2100 a month (and could probably get away with $2300 but his tenant has been there since 2011).

He rented it for $1500 in 2016.

.

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309   ad   2023 Apr 7, 1:30am  

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Again, more bad news as this may put help to reduce inflation. We'll see how the job numbers are in tomorrow's Bureau of Labor Statistics jobs report.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

https://www.zerohedge.com/economics/small-businesses-file-bankruptcy-record-pace-surpassing-covid-crash

The note from UBS Evidence Lab shows private bankruptcy filings in 2023 have exceeded the highest point recorded during the early stages of the COVID pandemic by a considerable amount. The four-week moving average for private filings in late February was 73 percent higher than in June 2020.

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310   zzyzzx   2023 Apr 11, 5:24am  

https://finance.yahoo.com/news/billionaire-investor-barry-sternlicht-says-131632072.html

Billionaire investor Barry Sternlicht says inflation is going to ‘drop hard’—just look at rents

Personally, I will believe it when I see it.
311   ad   2023 Apr 11, 1:39pm  

cisTits says


How would this help reduce inflation?


More private (or personal) bankruptcies mean people will reduce consumption. It may mean a 30 year old former technology startup owner moving back to live with their parents for a couple of years to recover from this.

This puts less demand on housing since they leave their apartment and move into their parent's home.

They also may refrain from their indulgent consumer lifestyle for a couple of years after having filed bankruptcy. Hence, this results in less demand for the latest Apple product and other consumer goods sold on Apple store or Amazon.

Perhaps they default on their car loan and their repossessed 2 year old car gets put on the used car market. That is an additional car on the market, hence increasing supply of used vehicles.

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312   ad   2023 Apr 11, 11:28pm  

Cal - Maine Foods is a major egg producer. Look at its dividend of nearly 9%.
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