Inflation continues on record pace.
+25
Zurn
AvgMSUJoe
Floyd Robertson
Trapper Gus
Turtleneck
Travis of the Cosmos
kingstonlake
sεяεηιτλ
Cameron
PennSpartan
Jacques D'Gatineaux
duffy munn
InTenSity
msugolfguy
GRR Spartan
StylesGShmooth
DWags
Jake from State Farm
Rocinante
NigelUno
steveschneider
gomersbro
Bredo Morstoel
TrapperGus
RQA
29 posters
Page 1 of 20
Page 1 of 20 • 1, 2, 3 ... 10 ... 20
Inflation continues on record pace.
https://www.foxbusiness.com/economy/producer-inflation-set-record-for-sixth-straight-month
Thank you President Xiden.
Thank you President Xiden.
RQA- Spartiate
- Posts : 1895
Join date : 2021-08-24
Spartans4Life likes this post
Re: Inflation continues on record pace.
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.
Basic math.
TrapperGus- Spartiate
- Posts : 717
Join date : 2021-08-23
Location : 40 Mile Point Lighthouse
AvgMSUJoe likes this post
Re: Inflation continues on record pace.
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.
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.
Bredo Morstoel- Spartiate
- Posts : 775
Join date : 2021-09-28
RQA likes this post
Re: Inflation continues on record pace.
Uh... yeah. Fox business' job is to rile you up.
[tw]1448291141883994119[/tw]
[tw]1448291141883994119[/tw]
AvgMSUJoe- Geronte
- Posts : 11824
Join date : 2014-04-22
Location : As stupid and vicious as men are, this is a lovely day.
Re: Inflation continues on record pace.
It's almost as if every great capitalist would demand vaccine mandates to get this covid under control or something...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.
Alas, fucktards thriving on chaos sabatoging both.
AvgMSUJoe- Geronte
- Posts : 11824
Join date : 2014-04-22
Location : As stupid and vicious as men are, this is a lovely day.
DWags and gomersbro like this post
Re: Inflation continues on record pace.
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.
gomersbro- Spartiate
- Posts : 802
Join date : 2014-04-23
Age : 23
Location : Germany
Re: Inflation continues on record pace.
As long as I've been alive the cost of living keeps going up...has never gone down.
steveschneider- Spartiate
- Posts : 34268
Join date : 2014-05-02
Re: Inflation continues on record pace.
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- Spartiate
- Posts : 1895
Join date : 2021-08-24
Re: Inflation continues on record pace.
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!
steveschneider- Spartiate
- Posts : 34268
Join date : 2014-05-02
Re: Inflation continues on record pace.
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?
NigelUno- Geronte
- Posts : 35247
Join date : 2014-04-16
Re: Inflation continues on record pace.
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!
steveschneider- Spartiate
- Posts : 34268
Join date : 2014-05-02
Re: Inflation continues on record pace.
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.
Bredo Morstoel- Spartiate
- Posts : 775
Join date : 2021-09-28
Re: Inflation continues on record pace.
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.
Rocinante- Geronte
- Posts : 20588
Join date : 2014-04-21
Location : East Lansing, MI
Re: Inflation continues on record pace.
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.
Jake from State Farm- Geronte
- Posts : 6330
Join date : 2014-05-12
Re: Inflation continues on record pace.
The problem with a wage/inflationary pattern is it can lead to a spiral. We gotta get the supply chain under control.
Rocinante- Geronte
- Posts : 20588
Join date : 2014-04-21
Location : East Lansing, MI
Re: Inflation continues on record pace.
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.
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.
Last edited by AvgMSUJoe on 2021-10-16, 22:16; edited 1 time in total
AvgMSUJoe- Geronte
- Posts : 11824
Join date : 2014-04-22
Location : As stupid and vicious as men are, this is a lovely day.
Re: Inflation continues on record pace.
Waiting for Nigel to show up and tell us there are no supply chain issues.
Bredo Morstoel- Spartiate
- Posts : 775
Join date : 2021-09-28
Re: Inflation continues on record pace.
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- Spartiate
- Posts : 1895
Join date : 2021-08-24
Re: Inflation continues on record pace.
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.
NigelUno- Geronte
- Posts : 35247
Join date : 2014-04-16
GRR Spartan likes this post
Re: Inflation continues on record pace.
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.
NigelUno- Geronte
- Posts : 35247
Join date : 2014-04-16
GRR Spartan likes this post
Re: Inflation continues on record pace.
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'
steveschneider- Spartiate
- Posts : 34268
Join date : 2014-05-02
Re: Inflation continues on record pace.
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?
steveschneider- Spartiate
- Posts : 34268
Join date : 2014-05-02
GRR Spartan likes this post
Re: Inflation continues on record pace.
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?
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- Spartiate
- Posts : 717
Join date : 2021-08-23
Location : 40 Mile Point Lighthouse
Re: Inflation continues on record pace.
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?
DWags- Geronte
- Posts : 52022
Join date : 2014-04-21
Age : 62
Location : Right here
Re: Inflation continues on record pace.
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.
RQA- Spartiate
- Posts : 1895
Join date : 2021-08-24
Re: Inflation continues on record pace.
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?
RQA- Spartiate
- Posts : 1895
Join date : 2021-08-24
Re: Inflation continues on record pace.
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.
TrapperGus- Spartiate
- Posts : 717
Join date : 2021-08-23
Location : 40 Mile Point Lighthouse
Re: Inflation continues on record pace.
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.
steveschneider- Spartiate
- Posts : 34268
Join date : 2014-05-02
Re: Inflation continues on record pace.
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.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?
AvgMSUJoe- Geronte
- Posts : 11824
Join date : 2014-04-22
Location : As stupid and vicious as men are, this is a lovely day.
Re: Inflation continues on record pace.
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.
Last edited by AvgMSUJoe on 2021-10-17, 15:12; edited 1 time in total
AvgMSUJoe- Geronte
- Posts : 11824
Join date : 2014-04-22
Location : As stupid and vicious as men are, this is a lovely day.
Re: Inflation continues on record pace.
AvgMSUJoe wrote: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.RQA wrote:
Why do you hate our soldiers and sailors?
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.
steveschneider- Spartiate
- Posts : 34268
Join date : 2014-05-02
AvgMSUJoe likes this post
Re: Inflation continues on record pace.
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- Spartiate
- Posts : 717
Join date : 2021-08-23
Location : 40 Mile Point Lighthouse
Re: Inflation continues on record pace.
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%
RQA- Spartiate
- Posts : 1895
Join date : 2021-08-24
Re: Inflation continues on record pace.
I feel like this entire thread could've just bee here. can-we-talk-about-the-supply-chain-for-a-moment
StylesGShmooth- Geronte
- Posts : 1983
Join date : 2014-04-22
Location : East Lansing, MI
kingstonlake likes this post
Re: Inflation continues on record pace.
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- Spartiate
- Posts : 717
Join date : 2021-08-23
Location : 40 Mile Point Lighthouse
Re: Inflation continues on record pace.
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- Spartiate
- Posts : 1895
Join date : 2021-08-24
Re: Inflation continues on record pace.
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- Spartiate
- Posts : 717
Join date : 2021-08-23
Location : 40 Mile Point Lighthouse
Re: Inflation continues on record pace.
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- Geronte
- Posts : 6330
Join date : 2014-05-12
Re: Inflation continues on record pace.
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...
Last edited by TrapperGus on 2021-10-19, 19:03; edited 1 time in total
TrapperGus- Spartiate
- Posts : 717
Join date : 2021-08-23
Location : 40 Mile Point Lighthouse
Re: Inflation continues on record pace.
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.
steveschneider- Spartiate
- Posts : 34268
Join date : 2014-05-02
Page 1 of 20 • 1, 2, 3 ... 10 ... 20
Similar topics
» Trump on pace to surpass 8 years of Obama's travel spending in 1 year
» 81%, no, now 85% of Americans Increasingly See Corporations Being Greedy as Cause of Inflation
» Senate Passes Inflation Reduction Bill
» Rising gas prices and inflation are (R) Governor Kemp's fault!
» ChampionsClassic - The March continues.
» 81%, no, now 85% of Americans Increasingly See Corporations Being Greedy as Cause of Inflation
» Senate Passes Inflation Reduction Bill
» Rising gas prices and inflation are (R) Governor Kemp's fault!
» ChampionsClassic - The March continues.
Page 1 of 20
Permissions in this forum:
You cannot reply to topics in this forum