Inflation continues on record pace.

https://www.foxbusiness.com/economy/producer-inflation-set-record-for-sixth-straight-month

Thank you President Xiden.

Since this is a year over year number and there was very low numbers within the last two years we will be seeing this into early 2022.

Basic math.

We are entering a period of inflation that is going to absolutely shock most people.

The UN says that the global price of food has already risen more than 32 percent over the past year.

Coal and other energy sources are in short supply.

Add in the pandemic, worker shortages, supply chain issues, and unusual demand patterns and this will get much worse before it gets better.

Uh... yeah. Fox business' job is to rile you up.

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Bredo Morstoel wrote:We are entering a period of inflation that is going to absolutely shock most people.

The UN says that the global price of food has already risen more than 32 percent over the past year.

Coal and other energy sources are in short supply.

Add in the pandemic, worker shortages, supply chain issues, and unusual demand patterns and this will get much worse before it gets better.

It's almost as if every great capitalist would demand vaccine mandates to get this covid under control or something...
Alas, fucktards thriving on chaos sabatoging both.

Bredo Morstoel wrote:We are entering a period of inflation that is going to absolutely shock most people.

The UN says that the global price of food has already risen more than 32 percent over the past year.

Coal and other energy sources are in short supply.

Add in the pandemic, worker shortages, supply chain issues, and unusual demand patterns and this will get much worse before it gets better.

So you are saying it is a worldwide problem and not just Biden's fault? What should Biden do? Price controls or start subsidizing food? Come on.

It really is an international problem that pre-dates Biden and the pandemic. Major economies has have such low interest rates for decades now. Here in Germany my wife's bank is starting to charge NEGATIVE interest on balances as low a 50k€. Many other Sparkassen (similar to credit unions) do on all accounts. We have been on the brink for a long time, the pandemic was just the driver. Many people were always screaming interest rates needed to be increased so we had a tool to fix the economy when the inevitable something bad happened. But no, the banks needed that cheap money.

As long as I've been alive the cost of living keeps going up...has never gone down.

steveschneider wrote:As long as I've been alive the cost of living keeps going up...has never gone down.

Going up at 1% annually is one thing. Going up at 8.6% is a horse of a different color.

President Xiden appreciates your support however.

RQA wrote:

steveschneider wrote:As long as I've been alive the cost of living keeps going up...has never gone down.

Going up at 1% annually is one thing. Going up at 8.6% is a horse of a different color.

President Xiden appreciates your support however.

Cost of gas, food, tuition, beer, etc went up faster than 1% and this was going on well before Biden.

I'm old enough to remember when a six pack of craft beer used to cost around $7. Now it's north of $16 and you only get a four pack!

RQA wrote:

steveschneider wrote:As long as I've been alive the cost of living keeps going up...has never gone down.

Going up at 1% annually is one thing. Going up at 8.6% is a horse of a different color.

President Xiden appreciates your support however.

Remember when Trump thanked China for being transparent?

When moved to NYC I got rent for $500 a month!!! I signed a lease and got a rent controlled apartment for $800 a month. I saw a listing for the unit above my old apartment for a studio that was smaller than my old place last year going for $2100 a month!

gomersbro wrote:

Bredo Morstoel wrote:We are entering a period of inflation that is going to absolutely shock most people.

The UN says that the global price of food has already risen more than 32 percent over the past year.

Coal and other energy sources are in short supply.

Add in the pandemic, worker shortages, supply chain issues, and unusual demand patterns and this will get much worse before it gets better.

So you are saying it is a worldwide problem and not just Biden's fault? What should Biden do? Price controls or start subsidizing food? Come on.

It really is an international problem that pre-dates Biden and the pandemic. Major economies has have such low interest rates for decades now. Here in Germany my wife's bank is starting to charge NEGATIVE interest on balances as low a 50k€. Many other Sparkassen (similar to credit unions) do on all accounts. We have been on the brink for a long time, the pandemic was just the driver. Many people were always screaming interest rates needed to be increased so we had a tool to fix the economy when the inevitable something bad happened. But no, the banks needed that cheap money.

Yes, I am saying it's an international problem.

This is a Covid problem related to supply chains and pent up demand. There may be a little tacked on for rising wages, and a little more for energy prices related to phasing out fossil fuels, but I’m good with both of those. Let’s get moving with the BBBB plan.

Social Security recipients get a 5.9% increase January 1 and the unions representing State of Michigan employees are negotiating for a 6% raise effective October 1st of next year to help with inflation.

The problem with a wage/inflationary pattern is it can lead to a spiral. We gotta get the supply chain under control.

The inflationary pressures now are supply chain induced.
As a percentage of gdp, debt isn't high enough to drive it higher. Gotta remember wages have been flat for everyone but the top .01 for 40 years. Gdp has been rising exponentially all the while.

Waiting for Nigel to show up and tell us there are no supply chain issues.

Jake from State Farm wrote:Social Security recipients get a 5.9% increase January 1 and the unions representing State of Michigan employees are negotiating for a 6% raise effective October 1st of next year to help with inflation.

Where is that money coming from?

RQA wrote:

Jake from State Farm wrote:Social Security recipients get a 5.9% increase January 1 and the unions representing State of Michigan employees are negotiating for a 6% raise effective October 1st of next year to help with inflation.

Where is that money coming from?

I know, right?

Trump balanced the budget.

Bredo Morstoel wrote:Waiting for Nigel to show up and tell us there are no supply chain issues.

Please stop hoarding toilet paper.

Thank you.

Should make some custom t-shirts in time for family Thanks Giving gatherings - 'My Uncle Became an Expert Economist When He Started Watching Fox News'

RQA wrote:

Jake from State Farm wrote:Social Security recipients get a 5.9% increase January 1 and the unions representing State of Michigan employees are negotiating for a 6% raise effective October 1st of next year to help with inflation.

Where is that money coming from?

Where does all the money come from for all our wars and all the bloated Pentagon contracts?

A math question for everyone bitching about inflation...

If the CPI was 5.4% higher in August 2021 than to was in August 2020

And it was 5.3% higher in September 2021 than it was in September 2020

How much did prices change from August 2021 to September 2021?

TrapperGus wrote:A math question for everyone bitching about inflation...

If the CPI was 5.4% higher in August 2021 than to was in August 2020

And it was 5.3% higher in September 2021 than it was in September 2020

How much did prices change from August 2021 to September 2021?

We need price information from 2020 don’t we?

NigelUno wrote:

RQA wrote:

Where is that money coming from?

I know, right?

Trump balanced the budget.

Since Trump didn't balance the budget it is okay for democrats to print up another 5-10 trillion dollars.

Liberal logic on full display.

steveschneider wrote:

RQA wrote:

Where is that money coming from?

Where does all the money come from for all our wars and all the bloated Pentagon contracts?

Why do you hate our soldiers and sailors?

DWags wrote:

TrapperGus wrote:A math question for everyone bitching about inflation...

If the CPI was 5.4% higher in August 2021 than to was in August 2020

And it was 5.3% higher in September 2021 than it was in September 2020

How much did prices change from August 2021 to September 2021?

We need price information from 2020 don’t we?

Your smarter than the average bear.

Exactly, but the number is not 5.3%

Month to month it was about 1.4%

https://www.bls.gov/news.release/archives/cpi_01132021.pdf

Of course the 4% drop in March 2020, the 8% drop in April 2020 and the 1% drop in May meant the CPI had some catching up to do to break even.

RQA wrote:

steveschneider wrote:

Where does all the money come from for all our wars and all the bloated Pentagon contracts?

Why do you hate our soldiers and sailors?

My comment wasn't about the soldiers and sailors it was about all the fat cats making tons of money off our ridiculous military budget and all the contractors that overcharge the military and rip us all off.

RQA wrote:

steveschneider wrote:

Where does all the money come from for all our wars and all the bloated Pentagon contracts?

Why do you hate our soldiers and sailors?  

What do you (or America) gain by enriching Erik Prince? Literally, making his fortune (at least the amount not inherited) by killing off poors. On the mount Rushmore of Repub heros/Bond villains.

TrapperGus wrote:

DWags wrote:

We need price information from 2020 don’t we?

Your smarter than the average bear.

Exactly, but the number is not 5.3%

Month to month it was about 1.4%

https://www.bls.gov/news.release/archives/cpi_01132021.pdf

Of course the 4% drop in March 2020, the 8% drop in April 2020 and the 1% drop in May meant the CPI had some catching up to do to break even.

I was told there would be no math.

AvgMSUJoe wrote:

RQA wrote:

Why do you hate our soldiers and sailors?  

What do you (or America) gain by enriching Erik Prince? Literally, making his fortune (at least the amount not inherited) by killing off poors. On the mount Rushmore of Repub heros/Bond villains.

It's a waste of time even discussing this with cultist. Every republican president in my life has run up deficits and the national debt. I'd respect conservatives if they were serious but the truth is they have no problem when it's their team doing all the spending.

AvgMSUJoe wrote:

TrapperGus wrote:

Your smarter than the average bear.

Exactly, but the number is not 5.3%

Month to month it was about 1.4%

https://www.bls.gov/news.release/archives/cpi_01132021.pdf

Of course the 4% drop in March 2020, the 8% drop in April 2020 and the 1% drop in May meant the CPI had some catching up to do to break even.

I was told there would be no math.

This isn't math, its figuring

TrapperGus wrote:

AvgMSUJoe wrote:

I was told there would be no math.

This isn't math, its figuring

It's not math and it's not figuring - it is liberal arithmetic. You know the kind that tells us Xiden's 3.5 trillion dollar spending spree actually costs nothing and now tells us the inflation rate is really only 1.4%

I feel like this entire thread could've just bee here. can-we-talk-about-the-supply-chain-for-a-moment

RQA wrote:

TrapperGus wrote:

This isn't math, its figuring

It's not math and it's not figuring - it is liberal arithmetic.  You know the kind that tells us Xiden's 3.5 trillion dollar spending spree actually costs nothing and now tells us the inflation rate is really only 1.4%

I thought I was the one who couldn't spell.

However, as always the facts support the liberal position, much to conservatives regret.

In September, the Consumer Price Index for All Urban Consumers rose 0.4 percent on a seasonally adjusted basis, the index for all items less food and energy rose 0.2 percent in September (SA).

TrapperGus wrote:

RQA wrote:

It's not math and it's not figuring - it is liberal arithmetic.  You know the kind that tells us Xiden's 3.5 trillion dollar spending spree actually costs nothing and now tells us the inflation rate is really only 1.4%

I thought I was the one who couldn't spell.

However, as always the facts support the liberal position, much to conservatives regret.

In September, the Consumer Price Index for All Urban Consumers rose 0.4 percent on a seasonally adjusted basis, the index for all items less food and energy rose 0.2 percent in September (SA).

Does this mean natural gas will only be 0.2% higher than last winter?

RQA wrote:

TrapperGus wrote:

I thought I was the one who couldn't spell.

However, as always the facts support the liberal position, much to conservatives regret.

In September, the Consumer Price Index for All Urban Consumers rose 0.4 percent on a seasonally adjusted basis, the index for all items less food and energy rose 0.2 percent in September (SA).

Does this mean natural gas will only be 0.2% higher than last winter?  

no, just cheaper than when GW Bush was President, if we look at in in real dollars, much cheaper

TrapperGus wrote:

RQA wrote:

Does this mean natural gas will only be 0.2% higher than last winter?  

no, just cheaper than when GW Bush was President, if we look at in in real dollars, much cheaper

Wish I could say the same about propane. It sounds like we're going to get bent over this winter.

Jake from State Farm wrote:

TrapperGus wrote:

no, just cheaper than when GW Bush was President, if we look at in in real dollars, much cheaper

Wish I could say the same about propane. It sounds like we're going to get bent over this winter.

We switched from propane to geo-thermal back when propane was about $1 a pound and have never regretted it.  It had about a 5 year payback.

Okay, thinking propane was more like 1.89 or 2.29 a pound...

TrapperGus wrote:

Jake from State Farm wrote:

Wish I could say the same about propane. It sounds like we're going to get bent over this winter.

We switched from propane to geo-thermal back when propane was about $1 a pound and have never regretted it. It had about a 5 year payback.

Was very interested in geo a few years back. I think it would have been 18k loan to get it installed. We pay about 2k a year oil. In the long term I felt like we would have come out way head. Big fear was how would it do on the very cold days and the electric bill.