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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   100,415 views  1,005 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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909   AmericanKulak   2024 Apr 8, 10:51am  

One of the solutions is to make more shit from scratch. Better anyway, and many things aren't that big of a PITA, esp. if you prep several portions at once.
910   HeadSet   2024 Apr 8, 1:07pm  

Think people will start getting thinner now that food costs have shot up?
912   zzyzzx   2024 Apr 9, 8:28am  

HeadSet says

Think people will start getting thinner now that food costs have shot up?


No. Duh.
914   richwicks   2024 Apr 9, 9:24am  

zzyzzx says






What a bizarre advertisement "better butter taste". Why do people continue to eat this fake garbage?
916   zzyzzx   2024 Apr 9, 10:42am  

richwicks says

zzyzzx says







What a bizarre advertisement "better butter taste". Why do people continue to eat this fake garbage?


Because they are too lazy to pop their own popcorn.
918   HeadSet   2024 Apr 10, 5:55am  

Patrick says





The price of generics, like Walmart "Great Value" bread, water. milk, and meats, have doubled. The generics are still cheaper but had higher price increases. Such as Great Value Bread going from sixty cents to $1.40, while the brand name on that chart went from $1.49 to $1.99. Around here though, name brand bread anywhere is around $3.50.
922   zzyzzx   2024 Apr 10, 7:54am  

The Grand Big Mac is the old normal Big Mac:


923   HeadSet   2024 Apr 10, 8:45am  

zzyzzx says

Because they are too lazy to pop their own popcorn.

Wow, that is lazy on the same level as buying those pre-made PB&J sandwiches.
925   AD   2024 Apr 10, 11:06pm  

.

thanks to Mister Mish: https://mishtalk.com/economics/the-cpi-rose-sharply-in-march-led-by-shelter-and-gasoline/

annual CPI or inflation is 3.5% for March 2024

the annual CPI was 3% in June 2023 and it has remained within the range of 3% to 3.5% up to March 2024

.
926   AD   2024 Apr 10, 11:28pm  

The Wolfman at Wolfstreet reports that accordingly interest rates have increased : https://wolfstreet.com/2024/04/10/treasury-yields-spike-3-year-by-25-basis-points-inflation-in-services-smacks-down-rate-cut-mania-mortgage-rates-hit-7-34/

10 Year Treasury is around 4.6%.

That is what I expected as its usually around 1.5% above annual inflation. It should be 5% since annual CPI is 3.5% now up from 3.2% in February 2024.

Will see at end of this month what the PCE is, since the Federal Reserve relies on that more to gauge inflation.

.
927   AD   2024 Apr 11, 1:06am  

.

https://www.usatoday.com/story/money/2024/04/09/states-highest-lowest-inflation/73184932007/

See above. Inflation is the highest in Florida at 3.91% and lowest in Rhode Island at 1.78%.

.
928   zzyzzx   2024 Apr 11, 7:39am  

1/3 full brand new deodorant


929   Patrick   2024 Apr 11, 12:39pm  

https://www.coffeeandcovid.com/p/going-on-offense-thursday-april-11


On nearly every front in domestic policy, Joe Biden is failing, especially the economy. In a rational world, that would be a terrible sign for his re-election. It’s the economy, stupid. Yesterday, media broadly covered a story that popped up in Yahoo Finance under the headline, “Inflation comes in hotter than expected in March.” Unexpectedly! Contrary to Biden’s many lies about the economy, inflation is blasting into orbit, even according to highly-manipulated official data.



... Name one domestic area where normal citizens are better off than they were in January 2020. I dare you.

For your amusement, here’s a fun compendium of Biden officials denying that inflation exists or calling it temporary or “transitory”, meaning oh, it’s just a transition. True. It’s a transition from bad to worse...
931   AD   2024 Apr 11, 12:59pm  

Patrick says

Joe Biden is failing


If the economy is that bad over the next 6 months , then the media will try to not ignore it but say its not as bad as people think.

And their script or narrative will be that Trump cannot be President at any cost, even if there is a perception that Biden is terrible for the economy.

They'll just very subtly and sophisticatedly lower the bar.
933   stereotomy   2024 Apr 11, 5:39pm  

Asset price inflation precedes consumer/producer price inflation. Once all the ZIRP money taps out assets, the only place it can go is commodities or the basics required for living. This is ref to post 929.

Case in point, for the last 5 years:


Now just look at gold from 2024:

934   zzyzzx   2024 Apr 12, 8:06am  

Instead of a 6 pack:


940   zzyzzx   2024 Apr 15, 6:13am  

170 instead of 200:


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