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Inflation Beyond the Stars Thread for April 12


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2022 Apr 12, 12:49am   124,095 views  1,225 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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82   Patrick   2022 Jun 10, 8:05pm  

https://nypost.com/2022/06/10/inflation-costing-americans-an-extra-460-per-month-analysis/


Inflation costing Americans an extra $460 per month, analysis says
84   Patrick   2022 Jun 10, 9:47pm  

https://www.dailywire.com/news/shrinkflation-cereal-brand-cuts-amount-per-box-by-17-toilet-paper-brand-slashes-roll-size-24

Shrinkflation: Cereal Brand Cuts Amount Per Box By 17%; Toilet Paper Brand Slashes Roll Size 24%
85   Booger   2022 Jun 11, 11:33am  

These numbers look low to me:
86   Booger   2022 Jun 11, 11:34am  

Patrick says

https://nypost.com/2022/06/10/inflation-costing-americans-an-extra-460-per-month-analysis/



Inflation costing Americans an extra $460 per month, analysis says



I'm thinking that it is more than that. Maybe for just food or gas alone?
87   Patrick   2022 Jun 11, 12:54pm  

I also think inflation is clearly far higher than the supposed 8.5%.
88   AD   2022 Jun 11, 1:12pm  

.
CPI (government reported inflation) was about 2.3% a year since the mid 1990s to 2021 :-/

;


,
92   AD   2022 Jun 12, 12:49am  

Patrick says

notthebee.com/article/come-read-this-thread-on-why-inflation-is-way-worse-than-theyre-telling-you


Where did all the money go ?

If all the new money pumped up housing that means housing prices need to return to early 2020 price levels ?

So the S&P 500 (around 4000 points) needs to return to the February 2020 level (around 3300 points) ?

.
93   AmericanKulak   2022 Jun 12, 12:56am  

Patrick says

I also think inflation is clearly far higher than the supposed 8.5%.


No doubt about it. Closer to 15-20%.

Don't forget Shrinkflation and Hedonics.
95   AD   2022 Jun 12, 4:30pm  

Patrick says








https://thegoodcitizen.substack.com/p/i-am-uncle-sams-inflation

.

Where did all the money go ?

If all the new money pumped up housing that means housing prices need to return to early 2020 price levels ?

So the S&P 500 (around 4000 points) needs to return to the February 2020 level (around 3300 points) ?

.
96   Patrick   2022 Jun 13, 11:13am  

https://adventuresincapitalism.com/2022/06/13/volcker-and-inflation/

Here’s my alternative view; what if monetary actions mostly serve to impact the price of risk assets, while fiscal mostly impacts the economy’s growth rate, and government policy mostly controls for inflation? As I’ve experienced the interplay of these three factors over more than two decades as an investor, I increasingly think that this is the case.
105   RC2006   2022 Jun 22, 6:06am  

All over firework store employees put them up.

106   Patrick   2022 Jun 22, 10:38am  


RNC Research
@RNCResearch
1h
Q: “Would you say that the war in Ukraine is the primary driver of inflation in America?”

Fed Chair Powell: “No. Inflation was high before, certainly before the war in Ukraine broke out.”
108   Patrick   2022 Jun 26, 2:33pm  

https://gettr.com/user/EdwardDowd


Edward Dowd
@EdwardDowd
Jun 23
We have twin policy errors.

First error: The energy policies of the US & EU coupled with supply chain breaks are primarily responsible for inflation. This is the first commodity cycle where the $DXY has had a concurrent rise with commodities suggesting mostly policy not monetary. Throw in Ukraine war and it’s an accelerant.

Second Error: The Fed is tightening into a credit contraction caused by first error.

Unless the Fed reverses course we are headed for a very hard landing.

Elections in fall are key to reversing first error. Any event that disrupts elections will cause things to become even more unhinged.
112   HeadSet   2022 Jun 29, 6:31pm  

RC2006 says

Throw more money that will fix inflation.

That money is to buy votes.
113   RC2006   2022 Jun 29, 7:32pm  

HeadSet says

RC2006 says


Throw more money that will fix inflation.

That money is to buy votes.


I know dead beat commies eat that shit up
116   RWSGFY   2022 Jul 1, 2:31pm  

RC2006 says

https://www.cbsnews.com/news/stimulus-check-california-inflation-relief-payments-23-million-up-to-1050/#app

Throw more money that will fix inflation.




It kinda sorta qualifies as tax rebate, because states can't print.
117   Patrick   2022 Jul 3, 6:03pm  

https://www.theatlantic.com/newsletters/archive/2022/06/uber-ride-share-prices-high-inflation/661250/


Rising interest rates turned off the spigot for money-losing start-ups, which, combined with energy inflation and rising wages for low-income workers, has forced Uber, Lyft, and all the rest to make their services more expensive. Meanwhile, global supply chains haven’t been able to keep up with domestic consumer demand, which means delivery times for major items like furniture and kitchen equipment have bloomed from “three to five days” to “sometime between this fall and the heat death of the universe.” That means higher prices, higher margins, fewer discounts, and longer wait times for a microgeneration of yuppies used to low prices and instant deliveries. The golden age of bougie on-demand urban-tech discounting has come to a close.


Coastal bougies are also suffering from the catastrophically fraudulent 2020 election and lockdown policies.
118   NDrLoR   2022 Jul 3, 6:41pm  

RWSGFY says

Throw more money that will fix inflation
It'll soon be worth $10.50
119   AD   2022 Jul 3, 10:08pm  

Patrick says








.

At the Walmart in Florida panhandle and I got all the Walmart or Great Value brands.

Ice cream is $2.25 for half a gallon, 1 pound of sliced American cheese is $2.50, a package of hamburgers is $4.50 a pound, chicken legs are $1.09 a pound, etc.

.
.
120   Patrick   2022 Jul 4, 12:54pm  

Patrick says


Coastal bougies are also suffering from the catastrophically fraudulent 2020 election and lockdown policies.


From an email list I'm on:


We are all being subsidized…

Americans living high on the great China manufacturing subsidy, compliant elves in Santa’s workshop that seemingly work for free much like the presents that come down through the chimney.


It is an arrangement between the richest Americans and the CCP.

Amazon gets cheap imports with which Bezos can undercut American-made products and therefore boost his profits tremendously.
Americans get cheap stuff to buy.
The CCP gets most of America's manufacturing base transferred to China.
Chinese workers get jobs which didn't exist before.

Who loses?

American factory workers lose their jobs.
America becomes dependent on the CCP to the point where we can't even make antibiotics without Chinese supplies.

I think the CCP was actually quite brilliant about this, even if evil.

Ironically on Amazon:

https://www.amazon.com/Red-Handed-American-Elites-Helping-China/dp/0063061147/
121   Onvacation   2022 Jul 4, 12:56pm  

ad says

At the Walmart in Florida panhandle

That sounds painful. Did it hurt?

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