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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   16,695 views  260 comments

by AmericanKulak   ➕follow (7)   💰tip ($0.34 in tips)  

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

« First        Comments 193 - 232 of 260       Last »

195   ad   2022 Oct 21, 2:48pm  

Patrick says

https://notthebee.com/article/joe-bidens-inflation-is-reportedly-costing-the-average-american-family-over-400-more-per-month


Make sense as I suspect the median and average household income is around $60,000. 8% annual inflation applied to at least $55,000 of the expenditures from that $60,000 equates to $367 a month. $5000 of the $60,000 is a contribution to retirement accounts such as 401k or IRA.
197   ad   2022 Oct 21, 10:13pm  

https://www.bloomberg.com/news/articles/2022-10-18/democrat-warner-says-biden-s-pandemic-relief-package-was-too-big

Senator Warner says the $1.9 trillion stimulus legislation under the Birdbrain (Biden) administration was too much.

Combine that $1.9 trillion in giveaways (as well as any student loan forgiveness) with Biden's energy policies (see a few example links below) effects, and that is why we had a major jump in inflation by July 2021.

https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html

https://www.nytimes.com/2022/05/12/climate/biden-oil-gas-lease-sales.html
198   HeadSet   2022 Oct 22, 8:34am  

Warner said a bipartisan budget deal including long-term spending and revenue changes to bring down the deficit would be good policy, citing rising federal interest payments as a reason to act.

“Is there an appetite? I hope so. Is there any movement on that at all? No,” Warner said. “Neither party has any credibility on this issue.”


Nothing stopping Warner from introducing a spending cap.
199   Misc   2022 Oct 22, 6:39pm  

Patrick says






Just shows how racist Whites are. They kept the land but got rid of the Indians.
200   Patrick   2022 Oct 23, 1:52am  

HeadSet says


Nothing stopping Warner from introducing a spending cap.


We need a Constitutional spending cap for the federal government. I say 1% of GDP, no more.

The federal government currently spend about 15% of GDP to fuck things up.

https://www.hennessysview.com/p/a-constitutional-amendment-to-control
202   HeadSet   2022 Oct 24, 6:48pm  

Only 7.2% on used cars? Price a 2018 and tell me that.
203   ad   2022 Oct 24, 7:27pm  

.
CPI or inflation increased at a fast pace after March 2021. September 2022's CPI was 8.2% and has dropped slowly since June 2022.

What do you all expect October 2022's CPI to be ? I estimate it will be between 6 and 8%.

I estimate the Fed may not raise the Fed Funds rate from 3.25% to 4% next month if it is below 5%.

.


.
209   ad   2022 Oct 31, 2:48pm  

.

The Fed is virtually guaranteed to raise the Fed Funds rate from 3.25% to 4% this month.

If October inflation is

more than 8% then the Fed will raise it to 4.75% in December
between 6% and 8% then the Fed will raise it to 4.25%
if below 6% then they will not raise it

.
213   zzyzzx   2022 Nov 4, 5:23am  

https://www.newsweek.com/majority-americans-back-stimulus-checks-inflation-poll-1755636

Majority of Americans Back New Stimulus Checks To Combat Inflation
214   RC2006   2022 Nov 4, 7:09am  

zzyzzx says

https://www.newsweek.com/majority-americans-back-stimulus-checks-inflation-poll-1755636

Majority of Americans Back New Stimulus Checks To Combat Inflation


Idiots need to go to work.
223   B.A.C.A.H.   2022 Nov 24, 6:30pm  

We went to a locally owned diner for brunch on Wednesday. First time there since before the COVID closures.
That place has been an institution in the neighborhood.

Oh my freaking gosh. The prices are so high now. There's no way they can survive charging those prices, and probably no way they can survive if they reduce the prices.

They're doomed.
224   Misc   2022 Nov 24, 9:59pm  

Don't worry the government will send out some more "Inflation Relief Checks" to the poor to solve the problem.
225   Onvacation   2022 Nov 25, 8:42am  

B.A.C.A.H. says

Oh my freaking gosh. The prices are so high now.

You can't even buy a sandwich for under $10!
228   Misc   2022 Nov 27, 10:50pm  

Biden is fighting inflation. Remember those millions of dollars worth of crack pipes he gave away for free?
230   ad   2022 Nov 28, 2:43pm  

Gas prices should not increase as United States oil rig count has reached early 2020 levels. World rig count is below early 2020 levels by about 10%.



.



.
232   DD214   2022 Dec 6, 3:40am  

How Corporations “Get Away With Murder” to Inflate Prices on Rent, Food, and Electricity

Antitrust expert Hal Singer shows how big businesses in certain industries are taking advantage of inflation worries to jack up prices far beyond their cost increases, all the while raking in robber-baron profits.

https://zero-sum.org/how-corporations-get-away-with-murder/

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