Inflation Beyond the Stars Thread for April 12
invite response
2022 Apr 12, 12:49am 148,377 views 1,541 comments
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805
AD
2024 Mar 3, 6:26pm
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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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
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.
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.
807
Eman
2024 Mar 3, 8:41pm
Eman
2024 Mar 3, 8:41pm
Inflation, or a bubble?
https://x.com/jessecoheninv/status/1764163801497079876?s=46&t=5lEEPaezr6Ic-W4Z6huZ5Q
https://x.com/jessecoheninv/status/1764163801497079876?s=46&t=5lEEPaezr6Ic-W4Z6huZ5Q
808
AD
2024 Mar 3, 10:59pm
AD
2024 Mar 3, 10:59pm
Eman says
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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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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810
HeadSet
2024 Mar 4, 7:25am
HeadSet
2024 Mar 4, 7:25am
AD says
Maybe, but industrial demand for silver declined when film photography was replaced by digital.
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
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
https://x.com/wallstreetsilv/status/1764698207718691252?s=46&t=5lEEPaezr6Ic-W4Z6huZ5Q
817
AD
2024 Mar 6, 11:27am
AD
2024 Mar 6, 11:27am
Eman says
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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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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829
AD
2024 Mar 12, 7:56pm
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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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
zzyzzx
2024 Mar 13, 8:55am
AD says
Only if you believe government manipulated numbers.
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.
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
AD
2024 Mar 13, 10:55pm
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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.
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
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
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
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
AD
2024 Mar 16, 1:39pm
Patrick says
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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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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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