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

[mommas homeboy]

I suggest everyone goes out in 2024 and vote for a Republican who will pass a major tax break for americas richest Americans.

I suggest you Marxist bastards get together and cry like the bitches you are once Biden and the dems lose the power to destroy the economy like they’ve been doing for 8 months.

Change is coming, your dream of a socialist dump where everyone is poor and all Americans suffer from runaway inflation ain’t gonna happen. Enjoy the taste of it you’re getting now because it’s ending very soon.

 

[GoldenWolf87]

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

Surely this wasnt because Biden admin is agaisnt gas/oil and is trying to pause out all of the oil and gas industry? the gas prices were much better in 2019.

 

[Mr Holmes]

I moved my emergency fund and house buying fund to VTIPs. Seems much smarter that keeping it in a high yield account.

 

[White Whale]

Almond milk is cheaper than regular milk. We are going to see crazy things and have some hard times ahead.

 

[tenniswhiz]

I honestly never notice inflation. Same house for many years. Groceries and essentials seem to cost the same. Gas has always gone up and down.
I guess I notice it when it’s time to get a new car and everything is 10k more than I remember it being.

The price of private college has climbed at a crazy pace.
That’s going to be a problem. People paying over 50k/yr, and often getting jobs afterwards that only pay slightly more than that.

 

[NickNick]

Pretty sure this has been happening for awhile now...

 

[Gas121]

Thank God for cryptocurrency

Amen.

Money in the bank is worthless. Save in the bank and watch your money erode worthless.

 

[rob mafia]

July is up 4.6% year over year.

yes, exactly?

and like i said, 2020 had very low inflation (or deflation in some months). it's inflated as it's essentially comparing a high over a low.

My rent didn't go down last year.

...cool story? not sure what you think your point is...

 

[Ornife]

This is the worst case scenario for the average person.

Wages increase by X. Meanwhile, goods and services increase by 2X, and the person is now in a higher tax bracket, so their actual wage increase is less than X.

We're gonna reach a point where both parents working won't be enough anymore.

This is ideal. The idea that the average citizen should have any time to raise or socialize their children is repugnant.

In the future only the state will be afforded that privilege - at least when it comes to the working class.

 

[rob mafia]

Uhh...yeah. The prices last year were lower than this year. That's what inflation is.

*facepalm*

thanks, captain. and for chunks of last year... prices were lower than the prior year. that's what deflation is.

i really don't know what you think your point is. we typically have inflation - we're supposed to. it's supposed to be higher than it was last year... and lower than it's been for the past few months.

 

[Cubo de Sangre]

and like i said, 2020 had very low inflation (or deflation in some months). it's inflated as it's essentially comparing a high over a low.

And like I said, prices continue to steadily climb upwards.

thanks, captain. and for chunks of last year... prices were lower than the prior year. that's what deflation is.

Yes there was deflation during a couple months, but overall prices went up by about half a % in 2020. And the slower inflation in 2020 is now being made up for by the hefty increase this year. If your wages tend to increase more than the CPI then good for you. For me, over the last 4-6 years they haven't.

 

[rob mafia]

And like I said, prices continue to steadily climb upwards.

...do you not understand that we're SUPPOSED to have inflation?

you posted a chart going back decades showing a general constant inflation. are you now shocked that we have inflation?

Yes there was deflation during a couple months, but overall prices went up by about half a % in 2020. And the slower inflation in 2020 is now being made up for by the hefty increase this year. If your wages tend to increase more than the CPI then good for you. For me, over the last 4-6 years they haven't.

again, it's speculated that the ~5% is largely transitory and it will be lower soon.

5% yoy for a couple months =/= 5% for the year.

 

[UFCUCF]

If you owned capital (stock) or land (real estate) your passive investments outpaced inflation.

 

[rob mafia]

If you owned capital (stock) or land (real estate) your passive investments outpaced inflation.

or ammo (and many guns). or GPUs. or ps5s...

 

[Wingslaught]

No shit. The goal has always been to wipe out Americans independence and make everyone dependent on government and about a dozen or so global corporations for everything.

I think it's the deliberate and aggressive pilfering of the United States by Obama's regime and its remnants.

 

[Cubo de Sangre]

...do you not understand that we're SUPPOSED to have inflation?



again, it's speculated that the ~5% is largely transitory and it will be lower soon.

5% yoy for a couple months =/= 5% for the year.

Of course inflation won't continue to be 5% yoy for an extended period of time. If that's your only point then great. Agreed.

 

[StoneColdSteveAustin]

I suggest you Marxist bastards get together and cry like the bitches you are once Biden and the dems lose the power to destroy the economy like they’ve been doing for 8 months.

Change is coming, your dream of a socialist dump where everyone is poor and all Americans suffer from runaway inflation ain’t gonna happen. Enjoy the taste of it you’re getting now because it’s ending very soon.

Wait, thinking major tax cuts for the richest Americans Is a bad idea makes Someone a marxist now?


The rest of your post is so hilariously stupid I can’t help but laugh. You’re sitting here with a straight face saying Biden is ushering in an era of socialism in the US. Lol you’re beyond help at this point.

 

[SakurabasEar]

I've noticed these threads always turn into an argument over what inflation is, or is sopposed to to look like. Is it always bad? I get it, as even economists argue over this on a regular basis.

But, at this point in august 2021 america or canada its hard to argue that prices aren't increasing and out pacing pay increases quickly.

Even companies trying to pay more are going to potentially add to the issue at hand

https://www.cnbc.com/2021/07/08/the-upside-to-inflation-rising-wages.html


Now I hope there is a fade back to normal, as more optimistic democrats put it. But for the average worker or small business, what does that normal really mean with the delta variant looming?

I'm no economist, but i do think its unrealistic to pretend that a pandemic stretching multiple years isn't going to have irreversible effects on our economy when compared to the prepandemic economy.

 

[ShadowRun]

Thank God for cryptocurrency

When the new infrastructure bill is passed ... watch the changes...

 

[Rob Battisti]

When the new infrastructure bill is passed ... watch the changes...

The provisions against crypto will be amended. If not, it really shows once again how ignorant and worthless these politicians are.