Inflation in U.S. Builds With Biggest Gain in Prices since 1990- 6.2% CPI

[SaviorSelfJT]

I don't think we're ever going to get an honest view into the thoughts of fed on this, much like how Fauci intentionally lied to keep things under control

Inflation begets more inflation: If consumers believe inflation will persist, they will spend more now because they know their dollars will go further now, which drives inflation even more. Which gives consumers even more reason to believe it will persist. I'm describing a feedback loop which perpetually drives inflation

So, the fed will NEVER be honest about the situation, if they believe its going to be bad.

Hopefully they say one thing, but do another

[SaviorSelfJT]

Another lib free thread. The federal reserve will have to raise interest rates sooner than they want and when they do this economy's gonna be fuked. Get ready for a Dow 15000.

I'm fearful

If you include energy/food into the calculation, and once housing fully hits the index, I think actual inflation is 10-15 percent, and with all the excess money in reserves waiting to come out into circulation, there's practically no limit on how high it could go.

When it was that high in the 70s, the interest rate was already high, yet they still had to raise even more, enough to cause a recession

My fear is that the degree to which they will have to raise rates to control this inflation will absolutely annihilate the economy

[SaviorSelfJT]

I'm skeptical on the inflation rate being reported for food. I'm seeing larger increases than that and I think it is telling that:

- the increases are not just at mainstream supermarkets but also at discounters
- generic and store brand products are often closing in on the same price as name brand goods

I've been buying the same store brand sandwich bread for a long time. It has been $2 instead of $3 plus that the name brand has been sold for. It just jumped to $2.50 this week as part of a new signage campaign about "locked in prices" that implies they are keeping prices low.

The regular price here on the store brand 1/2 gallons of milk has gone to $2. The regular price on ground beef [85/15 or 90/10] is about $6 a pound. A lot of canned goods that used to be around $1 are now closer to $2...like cream of tomato soup $1.79, can of corn $1.79, boxes of rice/pasta that have seasoning included now around $2. There is a store brand couscous that my daughter likes that was .79 and has gone up to $1.50, but the name brand at the supermarket is near $3 a box now.

Contrary to some of the opinions on here, I don't actually have much of a problem with the CPI once I researched into it, it actually mostly makes sense

The thing to understand, is that its a LAGGING indicator, it takes time for prices to fully impact the index, but they eventually will

For example, if average american budget has 20% allocated towards rent, and new rentals are 50% more, is the average consumer spending 10% (50% of 20) more of their budget? You would think yes of course, but its more complicated. Because most americans are locked into year long leases, and over time more and more get exposed to the higher prices as they have to renew leases. So the CPI "corrects" by averaging in previous months housing prices. It's logical

[Stizzel]

Can we get a wellness check on ceizer? Need to find out why this inflation is a good thing

[Azzurri]

https://www.resetera.com/threads/u-s...#post-76810002

Lol the Copium in this thread.

These people are legit insane.

[TheFornicator1]

Sold my stocks Tuesday.

Will buy again when the market bottoms out in about 6 months.

Will sell around the onset of the 2024 campaign, most likely.

Will buy again with everything I have (minus a few thousand in safety net savings for the Mrs and child) when Trump wins 2024.

[TheFornicator1]

https://www.resetera.com/threads/u-s...#post-76810002

Lol the Copium in this thread.

These people are legit insane.

I used to read a bit of NeoGaf to keep up with gaming news even though I hardly play video games anymore - just a throwback interest from years ago.

Naturally I did the same when it migrated to ResetEra. But that forum has to be the largest conglomerate of soy boy, communist twinkle toed pansies I've ever seen in my life. It is the worst display of confused, borderline homo, cuckold, sadomasochistic fairies I've ever seen.

It makes Reddit seem intelligent and masculine.

[gachase21]

Mrs

[fitnessislife]

Leftists frantically combing through MSDNC and HuffingGlue Post pieces to try and explain why inflation is a good thing.

[gachase21]

Meanwhile regionally….

Inflation in Atlanta Tops Major U.S. Cities With 7.9% Price Hike

https://www.bloomberg.com/news/artic...7-9-price-hike

[fitnessislife]

Meanwhile regionally….





https://www.bloomberg.com/news/artic...7-9-price-hike

The 16 cents they saved on hot dogs will help with that.

[Skezo]

The 16 cents they saved on hot dogs will help with that.

Obamas hot dogs he flew in from Chicago would have only been $79,999.84 if he was lucky enough to have that discount during his presidency.

[Skezo]

Sold my stocks Tuesday.

Will buy again when the market bottoms out in about 6 months.

Will sell around the onset of the 2024 campaign, most likely.

Will buy again with everything I have (minus a few thousand in safety net savings for the Mrs and child) when Trump wins 2024.

Thursday-Monday I went from 98% invested to 70%. Bought up 20% short 3x leveraged etf tuesday morning ahead of inflation report. Sold 50% of it today for a >6% gain.

[fitnessislife]

Obamas hot dogs he flew in from Chicago would have only been $79,999.84 if he was lucky enough to have that discount during his presidency.

Didn't he do that throwing another lavish party for himself after railing against the evils of rich people?

[Azzurri]

I used to read a bit of NeoGaf to keep up with gaming news even though I hardly play video games anymore - just a throwback interest from years ago.

Naturally I did the same when it migrated to ResetEra. But that forum has to be the largest conglomerate of soy boy, communist twinkle toed pansies I've ever seen in my life. It is the worst display of confused, borderline homo, cuckold, sadomasochistic fairies I've ever seen.

It makes Reddit seem intelligent and masculine.

Funny thing is that Neogaf is pretty awesome now. After those libs left the whole forum has improved 100%

[Bodhy]

Can we at least give it a rest with "Blame current president for the economy" mantra?

I've talked to people with a better grasp of economics than myself who correct the record when it comes to right-wing claims that the stock market/economy will perform poorly under the Biden administration. They say, look at the graphs of the stock markets over the last half-century and see if this alone gives you enough information to ascertain whether or not a Democrat or Republican president was in office at the time. Apparently, there is no noticeable difference.

Remember, most Presidents have little influence over an economy (there's a study I read somewhere that I'll have to dig up). The stock market incorporates a lot of things apart from fireside chats and policy. It's a future-oriented beast that incorporates a diverse admixture of factors which are really hard to gauge until well after the fact. It's very rare to have economic policy elicit dramatic effects in the short term. This was also one of Trump's major talking points too; claiming credit for a lot of factors about the economy which were set in motion long before his campaign even, for which he deserved no more credit than a surfer does for creating a wave.

[BigDeeps01]

^Now that Biden's in office, the president isn't responsible for inflation

Lmao

[Weezy32]

I doubt the Democrats will do anything serious to lower inflation. Democrats only want to spend more money, making inflation worse.

As I was reading about real wage for the middle class. With inflation running high workers are now seeing a worsening of their quality of life.

"Inflation has taken away all the wage gains for workers and then some"

https://www.cnbc.com/2021/11/10/infl...then-some.html

This was obvious to anybody with a fukkin brain and any business sense. When these retards were pushing for $15/min wage and actually thought its going to help the workers like all the prices are gonna stay the same.

You raise min wage to 15 a meal at ff goes from $10-20.... food at stores goes up too , gas prices go up, labor goes up everything goes up....

For example, if a mechanic was charging 20 to change oil now he has to charge 30-40 to be able to afford the $20 burger meal or the steak that went up by 10 dollars. That landlord that was renting you an apartment for $1000 and paying a $700 mortgage on it was maybe fine profiting $300 when the burger is $10...now that he has to pay $20 for a burger meal he will raise rent price to 1200 so he can keep buying his burgers. SO guess what that 15/hr employee now has to pay 1200 instead of 1000 to rent the house. Not only that he/she has to pay more for gas, more for grocery shopping, more for a mechanic to change his oil all that **** adds up to cost way fukkin more than net gain he got from the increase in wage.

Stupid idiots don't understand this because they make laws based on feelings and not based on real world consequences

I paid $15 for a cheesesteak yesturday at philly connection... no not the meal just a 10 inch cheesesteak no fries no drink.

Obamas hot dogs he flew in from Chicago would have only been $79,999.84 if he was lucky enough to have that discount during his presidency.

Its the same guy that bought a mansion on the beach while at the same time claiming that coastal areas will be under water in a few years due to global warming.

[Tha big kahoona]

High gas prices make me hard

[JoshSP1985]

Intentional collapse of the system.

It's so bad it has to be intentional, can't great reset until you destroy

[Abzu]

Sold my stocks Tuesday.

Will buy again when the market bottoms out in about 6 months.

Will sell around the onset of the 2024 campaign, most likely.

Will buy again with everything I have (minus a few thousand in safety net savings for the Mrs and child) when Trump wins 2024.

S&P should hit ~4900 by EOY so I would say you got out a little too early but you can't be mad at profits$$.

Your overall plan seems to be sound though.

You might make it <3.



-Abzu the Profit

High gas prices make me hard

Lol.

Same.

At $9/Gal, my balls will be nonexistent lol.

[iabs]

https://www.resetera.com/threads/u-s...#post-76810002

Lol the Copium in this thread.

These people are legit insane.

wow...we're doomed.

[JoshSP1985]

The 16 cents they saved on hot dogs will help with that.

The thanksgiving comparisons are going to slaughter Biden especially since his admin was petty enough to propose that dumb **** cherry picked 4th of July savings

Thanksgiving is going to be 2x on avg

[fitnessislife]

Lol. They mad.

[fitnessislife]

[Ratfish]

now just imagine if they hadn't changed the way we calculate inflation several times since 1980 in order to hide how high it really is

[Contribution05]

Can we at least give it a rest with "Blame current president for the economy" mantra?

I've talked to people with a better grasp of economics than myself who correct the record when it comes to right-wing claims that the stock market/economy will perform poorly under the Biden administration. They say, look at the graphs of the stock markets over the last half-century and see if this alone gives you enough information to ascertain whether or not a Democrat or Republican president was in office at the time. Apparently, there is no noticeable difference.

Remember, most Presidents have little influence over an economy (there's a study I read somewhere that I'll have to dig up). The stock market incorporates a lot of things apart from fireside chats and policy. It's a future-oriented beast that incorporates a diverse admixture of factors which are really hard to gauge until well after the fact. It's very rare to have economic policy elicit dramatic effects in the short term. This was also one of Trump's major talking points too; claiming credit for a lot of factors about the economy which were set in motion long before his campaign even, for which he deserved no more credit than a surfer does for creating a wave.

No its not just the president, but they play a role. Congress plays it's part too. But there was definitely a side...the democrats to be specific who was okay with telling people they should get to stay safe at home and not work, and the government will pay them to do so.

So labor shortages, printing tons of money to pay people to not work, and then surprised we have higher inflation than expected, yeah i blame democrats for that. I also blame Trump too because he didn't really fight too hard against the issue of handing out money to all these people and was excited to have people getting "Trump bucks".

What would have happened had everyone continued working regardless of covid? an extra 150k deaths of mostly 65+ year olds over the 1 year span? In a population of 330 million, that's nothing. And before anyone says "150k dying is more important than money/economy" money is livelihood, economic issues will cause deaths and shorter life spans too.

[CrimsonSteel]

It's so bad it has to be intentional, can't great reset until you destroy

Shut down all small businesses.
Ban people from going to funerals of loved ones, working out at private gyms, going to local restaurants or mom n pop shops.
But pile into Wal-Mart, or hit the streets to race riot with BLM and Antifa.
Muzzle your kids while the parasitic elite throw birthday bashes and attend award shows. They'll sing you a song on social media about heaven not existing, though.
Mandate the vaccine, effectively gutting various industries.
Weed out all the non-compliant, anti-Marxists from the military, from health care, from every profession they can trick into mandating experimental genocide jabs.

So blatant. So brazen. Absolute psychopathy.

[dabbmw2002]

Shut down all small businesses.
Ban people from going to funerals of loved ones, working out at private gyms, going to local restaurants or mom n pop shops.
But pile into Wal-Mart, or hit the streets to race riot with BLM and Antifa.
Muzzle your kids while the parasitic elite throw birthday bashes and attend award shows. They'll sing you a song on social media about heaven not existing, though.
Mandate the vaccine, effectively gutting various industries.
Weed out all the non-compliant, anti-Marxists from the military, from health care, from every profession they can trick into mandating experimental genocide jabs.

So blatant. So brazen. Absolute psychopathy.

We were saying over a year ago that shutting down small businesses to herd verybody to large supermarkets was boosting corporations and destroying small businesses. There was absolutely no science to defend this and it's insane at this point that it was allowed to happen, the question is was it done intentionally or was it just mass incompetence? Based on all the lies and distortions and the 1984 like changing of the meaning of words, I don't blame incompetence, it is just pure evil

[arn710]

We were saying over a year ago that shutting down small businesses to herd verybody to large supermarkets was boosting corporations and destroying small businesses. There was absolutely no science to defend this and it's insane at this point that it was allowed to happen, the question is was it done intentionally or was it just mass incompetence? Based on all the lies and distortions and the 1984 like changing of the meaning of words, I don't blame incompetence, it is just pure evil

There's absolutely no way it wasn't intentional. Even saying it out loud "There's a large pandemic going on so let's restrict everyone to a few large places where they all have to go". Not even a total autist idiot like z4 would see that as a solution.