Economy GOP back to Inflation worries. "Hyperinflation" (Update: 2022 Inflation Highest in 40 Years)

[My Spot]

Only thing I've noticed is gas. It was about $2.30 a gallon here for regular pre-pandemic. Now it's about $3.00 a gallon.

 

[Anewt]

Damn, and I thought cigs were expensive in NY.

Yeah... thats all amazingly cheap to me lol

 

[Strategery]

Totally agree. Everything is noticeably more expensive. The golf industry is mental. Don't laugh. And wine. I kid you not.
We have a house so we're ok. Would not want to be building now.

 

[My Spot]

Yeah... thats all amazingly cheap to me lol

25 stick pack of Marlboro in Australia is now AUD48.50. That's $35.63 here.

 

[panamaican]

Besides your use of the word inflation which irritates me, yes, when you continuously give people money but keep the logistics and economy constrained, you will necessarily see an increase in prices because demand outweighs supply.

Yes, this is correct and reasonable to blame on Biden. No, Biden is not necessarily keeping the planet on lockdown, but he is responsible for a lot of the cash ending up in peoples pockets via stimulus and tax credits.

Now, you can try to argue with me that it was the correct thing to do, but that's another argument. But giving people money while our producers can't produce at normal levels will lead to what is happening now.

Most of the stimulus plans and tax credits were approved under the prior administration. It makes no sense to assign the problem to the POTUS who approved the smaller share of benefits.

Biden has nothing to do with the lack of vaccinations in the rest of the world affecting the supply chain. Biden is not preventing the movement of workers across borders. Biden isn't the reason there's a truck driver shortage. And he's not the reason that cargo ships are overloaded with goods, overburdening the ports and thus delaying the off-loading and delivery of their contents. The factors that created this problem started in 2020 as a result of the pandemic. We're seeing the effects in 2021 because the economy started opening back up and so shipping companies are getting their back orders and current orders out the door so that they can get back to profitability.

 

[freakroor]

The wholesale cannabis market is way down , top-shelf organic pounds are less than $600 here in california. Massive corporate grows and cartel grows are driving down prices everywhere…. Might be the only thing that has gotten cheaper lately.

Lots of small family-owned farms in northern california are having to shut down because they just cant compete with the new multi-million dollar corporate operations that are constantly coming online in an already saturated market,

The retail cannabis market, however, is still sky high, with ounces going for $200-400 each. The money goes to the middlemen and the state, and the producers and consumers get shafted..

Consumer taste has still not yet matured in the cannabis retail market, most consumers are fine with paying the same amount (or more) for mass-produced chemically-grown cannabis as they do for locally-grown organic stuff, as they have not been properly educated about the difference in quality, nor do they know about the struggle that small, sustainable farms are facing in today’s cannabis industry.

 

[ultramanhyata]

The beverage is a ripoff man. You get syrup pop which costs literal pennies to make, that they charge you dollars for. Never buy a beverage from a fast food restaurant.

I was just fucking with you.

 

[ultramanhyata]

Totally agree. Everything is noticeably more expensive. The golf industry is mental. Don't laugh. And wine. I kid you not.

I can attest that caviar and bidets are also through the roof. And butlers. Don't even get me started on the cost of a decent butler right now. Preposterous!

 

[EndlessCritic]

I was just fucking with you.

Sorry I care lots about this stuff. I once spent 2 hours on the phone with a credit card company arguing over a 6 cent fee.

 

[ElKarlo]

Only thing I've noticed is gas. It was about $2.30 a gallon here for regular pre-pandemic. Now it's about $3.00 a gallon.

I saw gas go up in Japan. In January it was 116 a liter and now it’s 152

 

[ElKarlo]

Food has gone up, specifically going out to eat. Has not affected be but I got a meatball sub from the pizza place yesterday. One sub = $11.00!!! Was like $8 last year.

I am seeing 10% increase in food prices here in Japan. They have the decency to announce them here. I don’t see how the CPI can honestly be running around 4-5% when it seems like it is close to 20% on the USA for basically all products and housing.

 

[ferrisjso]

And over the past 40 years it's done far worse than that as the minimum wage isn't indexed for inflation meaning every single minumum wage increase is actually a minimum wage decrease.

Using inflation as a pretext to undo conservative economic policies is gaslighting on the highest level. Conservatives figured out people were wising up about the national debt being a fake issue(We GoT to StARVE YoUr CHildRen TO Save "THeiR FuTUre" so they needed a tangible reason to not increase govt spending which practically has no limit except cruelty.

 

[PEB]

No shit gas was like $2.50 in 2019 and its almost now $4.75. Almost double in less than 2 years.

Go electric like most are doing in California you can buy even a hyrid Ford Truck with 40 miles a gallon for under 20 grand. Or you could buy a used Hyundai EV for under 30k small SUV. The Ford is more then twice as efficient as a midsized 4 door meaning fuel actually would cost less then 2019 level.

I see tons of EV's in my area Tesla Model 3's an Model Y's as well as Hyundai EV's. More people who switch to EV's even a 3 percent drop in oil production will cause OPEC to react an overtime will lower fuel costs.

 

[MMA Time Soldier]

https://www.cnn.com/2021/08/10/business/raises-inflation-wages/index.html

New York (CNN Business)Companies big and small are raising wages to attract workers and hold onto employees as the economy revs back into gear.

But those fatter paychecks aren't going as far, thanks to rising inflation.

In fact, compensation is now lower than it was in December 2019, when adjusted for inflation, according to an analysis by Jason Furman, an economics professor at Harvard University.

The Employment Cost Index — which measures wages and salaries, along with health, retirement and other benefits — fell in the last quarter and is 2% below its pre-pandemic trend, when taking inflation into account. (Wages and salaries are growing at a faster pace than benefits.)

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As predicted and shared to you all previously.

As we print / spend and magically create more dollars, they are worth less and less. Inflation is a hidden but huge tax on the Poor and Middle Class.

Spend those trillions!!!! It only gets worse.

stupid politicians who shut down the economy forever caused this.

 

[BIKES!]

I took a road trip over the weekend and spent $2,500 on gas. Perhaps my 6x6 G Wagon isn’t economical….

 

[method115]

No shit gas was like $2.50 in 2019 and its almost now $4.75. Almost double in less than 2 years.

Still 2.65 in my area. It was getting down to about 1.50 not to long ago though.

 

[giusti825]

Didn’t jack assvage tel us there was no inflation

Guys a moron. He is the only person I have ever blocked on sherdog. He spends all of his time on here mischaracterizing peoples arguments and attacking strawmen. He never has honest discussions or argues in good faith. He is such a party loyalist that he supports his party even when they're clearly doing something wrong.

 

[Jack V Savage]

Guys a moron. He is the only person I have ever blocked on sherdog. He spends all of his time on here mischaracterizing peoples arguments and attacking strawmen. He never has honest discussions or argues in good faith. He is such a party loyalist that he supports his party even when they're clearly doing something wrong.

This is of course a lie itself, and projection.

 

[SBJJ]

Guys a moron. He is the only person I have ever blocked on sherdog. He spends all of his time on here mischaracterizing peoples arguments and attacking strawmen. He never has honest discussions or argues in good faith. He is such a party loyalist that he supports his party even when they're clearly doing something wrong.

Christ, this will likely drag him in here.

Edit: Yep

 

[Jack V Savage]

Christ, this will likely drag him in here.

Edit: Yep

You guys are unable to actually defend your views so you just try to smear any independent thinkers. The other dude ran out of the last thread in humiliation. And you've both lost sig bets with me when you let partisanship cloud your judgment.