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

Not good at all, gonna mean prices keep going up :(





The grocery stores in my area havent been hit too too bad, but for real, the one I go to most has been out of both gatorade and cream cheese for like 3 fucking months now. Only cream cheese they have had is vegan shit.

Once again — who could have seen this coming?
 
Ooof, it is like each day there is more and more stuff coming out that suggests it isn't transitory, it isn't big corporation's fault, etc.

Keep in mind, this is retail sales slumping in December, which is when everyone is usually buying Christmas gifts, etc.



 
The more food costs go up the more likely riots and revolts are likely to occur.
 
I did my part and got a new Iphone.
This makes me wonder if the old tactic of let’s wait an year is even a good choice? Should you have waited for iPhone 14 ? Or with inflation the way it is will iPhone 14 be 2k$? Interesting times we live in
 
This makes me wonder if the old tactic of let’s wait an year is even a good choice? Should you have waited for iPhone 14 ? Or with inflation the way it is will iPhone 14 be 2k$? Interesting times we live in
The funny thing is, if the new iPhone WAS 2k, it wouldn’t be calculated as being subject to inflation because it’s an “upgraded product”. Never mind that each year each product was upgraded and subsequently rose by a lesser degree.
 
The funny thing is, if the new iPhone WAS 2k, it wouldn’t be calculated as being subject to inflation because it’s an “upgraded product”. Never mind that each year each product was upgraded and subsequently rose by a lesser degree.
It’s also not inflation cause you are richer than ever. MSM is too busy reminding us how much richer we are due to stock indexes and housing prices being at all time highs.
 
It’s also not inflation cause you are richer than ever. MSM is too busy reminding us how much richer we are due to stock indexes and housing prices being at all time highs.
“Good news comrades, the production of shoe laces has gone up 130%! This is compared to the 70% increase that was anticipated”
 
Remember the #blueAnon members talking about how Biden added all these jobs, but posters like me pointed out with 3-5 million per month leaving the work force due to mandates and other such things far outnumber the new jobs.

well economists agree

 
Just a friendly reminder that if you got less than 7% pay raise in the past year, you had a pay cut under the current administration.
That would only be true if all of your expenses were subject to inflation, but most people have fixed rate mortgages, car loans, etc. making up a big chunk of their monthly outlay.
 
That would only be true if all of your expenses were subject to inflation, but most people have fixed rate mortgages, car loans, etc. making up a big chunk of their monthly outlay.
[<diva2]

Purchasing power, my man.
 
Just a friendly reminder that if you got less than 7% pay raise in the past year, you had a pay cut under the current administration.

Our CEO had the awful response when asked about inflation that it meant we were going to raise our prices, but for salaries we'd consider inflation when it came time to give raises but it may "calm down" by then.
 
That would only be true if all of your expenses were subject to inflation, but most people have fixed rate mortgages, car loans, etc. making up a big chunk of their monthly outlay.

Doesn't matter.

The only income safe from inflation would be savings. And sadly, very few families save.
 
Our CEO had the awful response when asked about inflation that it meant we were going to raise our prices, but for salaries we'd consider inflation when it came time to give raises but it may "calm down" by then.

Lol. He could have saved his breath and gave you guys the bird.
 
Doesn't matter.

The only income safe from inflation would be savings. And sadly, very few families save.

Nothing is safe from inflation other than hard goods that are in your possession. Savings get eaten away by inflation just like the rest of your income.

Also, it takes about 12-18 months for most monetary & economic policies to show up in the official inflation numbers. In other words, even if we stopped the stupid right now, it would still take at least another year for inflation to slow down and bleed off. We've got a lot more pain headed our way an it ain't stopping in the next year or 2.
 
Nothing is safe from inflation other than hard goods that are in your possession. Savings get eaten away by inflation just like the rest of your income.

Also, it takes about 12-18 months for most monetary & economic policies to show up in the official inflation numbers. In other words, even if we stopped the stupid right now, it would still take at least another year for inflation to slow down and bleed off. We've got a lot more pain headed our way an it ain't stopping in the next year or 2.

Yea, I get it. I was simply responding to a poster who thought a families pay raise would outpace inflation because all their dollars may not go into purchasing goods. My point was MOST families do not have any savings, all their extra income is used just to get by.
 
Nothing is safe from inflation other than hard goods that are in your possession. Savings get eaten away by inflation just like the rest of your income.

Also, it takes about 12-18 months for most monetary & economic policies to show up in the official inflation numbers. In other words, even if we stopped the stupid right now, it would still take at least another year for inflation to slow down and bleed off. We've got a lot more pain headed our way an it ain't stopping in the next year or 2.

Crazy thing is that this should have been a very easy recovery of the economy but the Biden admin just could not let go of the covid bullshit to save their lives. The epitome of being unable to think more than one step ahead.

We still would have been hit with some inflation from the stupid money printing decisions Trump made but Biden is really trying to put the nail in the coffin here. Just absolutely doubling down on every possible stupid decision that can be made in order to destroy the economy, our savings and our freedom.
 
Crazy thing is that this should have been a very easy recovery of the economy but the Biden admin just could not let go of the covid bullshit to save their lives. The epitome of being unable to think more than one step ahead.

We still would have been hit with some inflation from the stupid money printing decisions Trump made but Biden is really trying to put the nail in the coffin here. Just absolutely doubling down on every possible stupid decision that can be made in order to destroy the economy, our savings and our freedom.

My 5 year old has better cognitive abilities than president poops-his-pants.

There still would've been a lot of pain even if we did all the shit that needs to be done; the medical & financial industries need to be neutered and that's like 40% of the US economy right there. Implementing sane fiscal & economic policies instantly kills 80-90% of both sectors and that's around 1/3 of US GDP gone, gonna have a hell of an economic restructuring before we can get things rolling again. Last time we did something like that was 100 years ago, but the US was in a lot better shape then than it is now.
 
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