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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   103,518 views  1,043 comments

by AmericanKulak   ➕follow (9)   💰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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800   AD   2024 Mar 3, 12:48pm  

Misc says


Again, that's outta date. I will peg the average debt of US government issued securities at 3.25%.


Of course it is as the federal guvmint wants to delay very bad news. So they show only 2022 data.

Just like the NY Times reported 6 million arrests or interventions at the border (for illegal border crossers) from Feb 2021 to Sept 2023, and said only 1.7 million were granted asylum and allowed to remain in the USA. Do you all trust their numbers especially the 1.7 million figure ?



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801   AD   2024 Mar 3, 12:52pm  

why does the federal guvmint want to delay very bad news ? so to not wake up or alert the frog while it is in the boiling water

the same goes not only with actual (not reported) inflation numbers but also with illegal immigration

notice the Democrats like Birdbrain Biden and Senator Pocahontas keep saying there is only 11 illegal (or undocumented) immigrants in teh USA ? That figure of 11 million has been recycle and reused since the early years of George Bush Jr.

When the Democrats finally get amnesty approved they'll say they honestly underestimated the number of illegal immigrants, and will state "it is not what this country is about" if we do not approve citizenship for over 22 million illegal immigrants
802   Misc   2024 Mar 3, 1:41pm  

It probably is Only 11 million illegals. They just don't include those who have applied for asylum because that makes them legal migrants. Just because the court date to deem eligibility is 10 Fucking years out, don't mean nothing.
803   AD   2024 Mar 3, 3:36pm  

Misc says

It probably is Only 11 million illegals. They just don't include those who have applied for asylum because that makes them legal migrants. Just because the court date to deem eligibility is 10 Fucking years out, don't mean nothing.


Tru dat Senor Misc, its Democrat accounting shenanigans

so total immigrant count of illegals and those waiting asylum are well over 20 million

so how many immigrants total do the Democrats want to grant citizenship ? that is the question as far as them giving a number of people

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804   HeadSet   2024 Mar 3, 5:25pm  

AD says

I have family that is paying the prime rate (about 8.25%) for a home equity loan line of credit.

Maybe the high rate will make them think twice about wasting what many consider "free" money. Maybe also think twice about overpaying for a car and raising prices for the rest of us.
805   AD   2024 Mar 3, 6:26pm  

Eman, I got this coupon in mail yesterday for Burger King (BK or "BK Lounge"). The $17.49 is for 3 Big Macs, 3 cheese burgers, and 3 medium fries.

That $8.49 for the BK meal is about $30 in today's dollars assuming 3.5% annual inflation rate for fast food for last 37 years.

Eman and other Californians, do you all get BK Lounge or similar fast food coupons like this as we do in the Florida panhandle ?

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806   Eman   2024 Mar 3, 7:01pm  

Yes, we get these coupons regularly. I’m not a burger, or fast food, kind of guy. I’m a dine in guy. We have fantastic chefs in the house so the bar is set very high whenever we eat out. We have family gathering every weekend so we always have great food on weekends. My mom was a chef before retiring. One of my BIL owned a restaurant for over a decade before he sold it and retired. I eat extremely well almost everyday.

With that said, I still dine out about 9 times each week on average. I know all the hole in the wall places with great food. To say food in the Bay Area and SoCal not good is laughable…, but whatever. All I can say is that I’m still counting my blessings every single day.
808   AD   2024 Mar 3, 10:59pm  

Eman says

Inflation, or a bubble?


Not sure as the halving of Bitcoin is suppose to make it more valuable.

But I see whereas Bitcoin is some abstract asset which put it at risk for speculation even more now there are ETFs for Bitcoin.

I read the reason why silver is not going up is fraud as the "paper silver" is a lot more than the actual supply of silver (included in the ground).

I read they said silver should be at least $500 an ounce based on its actual supply.

But the powers to be don't want silver to be that expensive since it is a common industrial commodity that goes into Tomahawk cruise missiles to other systems.

That is why some say the silver market is manipulated or rigged.

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809   Misc   2024 Mar 3, 11:13pm  

Markets...manipulated ???? - You say it like it's a bad thing.
810   HeadSet   2024 Mar 4, 7:25am  

AD says

But the powers to be don't want silver to be that expensive since it is a common industrial commodity that goes into Tomahawk cruise missiles to other systems.

Maybe, but industrial demand for silver declined when film photography was replaced by digital.
811   Eman   2024 Mar 4, 11:13pm  

Most of the stats are fact unfortunately. That’s why I feel very uneasy about the current state of the economy.



https://x.com/wallstreetsilv/status/1764698207718691252?s=46&t=5lEEPaezr6Ic-W4Z6huZ5Q
817   AD   2024 Mar 6, 11:27am  

Eman says

Most of the stats are fact unfortunately. That’s why I feel very uneasy about the current state of the economy.


What concerns me is we are going to get a series of "October Surprises" as the Democrat establishment and mainstream media get more desperate a few months before the upcoming November election.

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820   zzyzzx   2024 Mar 6, 11:31am  

These used to be filled higher:


829   AD   2024 Mar 12, 7:56pm  

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Annual inflation is at 3.2% as forecasted. Recall Jerome Powell said he was open to lowering the Fed Funds rate from 5.5% (a 23 year high) if inflation remained between 2 and 3%. Maybe the Fed will lower it to 5.25% just to make some token gesture this summer. From what I recall, the Fed usually keeps the Fed Funds rate about 1.5% above annual inflation once inflation steadies.

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https://www.cnbc.com/2024/03/12/cpi-inflation-report-february-2024-.html

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831   zzyzzx   2024 Mar 13, 8:55am  

AD says

Annual inflation is at 3.2% as forecasted.


Only if you believe government manipulated numbers.
832   Misc   2024 Mar 13, 9:07am  

It all depends who you are.

If you refinanced your mortgage at less than 3%, then sure inflation is at 3.2%

If you are looking at buying a house, well house payments for a 30 year loan are 80% higher than in 2021.

If you are looking at attending college, well the average person coming out still has about $30k of student loans. However, instead of having to repay them over 20 years at 1.25% (total cost of about $37k) the student has to repay over the 20 years at 5.5% (total cost of about $85k).

Sucks to be a young adult today.
834   AD   2024 Mar 13, 10:55pm  

.

39 cents for Burger King Whopper in 1963 ... its about $6.50 now just for the whopper, and about $10 for a Whopper meal of fries and drink at the Burger King on Thomas Drive across from the Naval Base in Panama City Beach.

4.75% annual inflation from 1963 to 2024 for the Whopper price. I doubt wages went up that much during this period. I think working class people have a very valid concern about their buying power.


836   zzyzzx   2024 Mar 14, 6:38am  

https://finance.yahoo.com/news/us-wholesale-prices-picked-february-124217277.html

US wholesale prices picked up in February in sign that inflation pressures remain elevated
837   Patrick   2024 Mar 16, 12:40pm  




I poked around and this could be true in some city. Here's Amarillo, TX, for example:

https://www.gasbuddy.com/charts


838   AD   2024 Mar 16, 1:39pm  

Patrick says




I poked around and this could be true in some city. Here's Amarillo, TX, for example:

https://www.gasbuddy.com/charts





Yes when there was panic in the oil market right after the first COVID lockdown announcement.

I think it was lowest at $1.25 at the gas pumps of a convenience store/vape shop off of Martin Luther King Blvd in Panama City.

I think lower Louisiana has the lowest gas prices in the country.

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