Jump to content
Jordan Washington chats with Bobby for Burnt Ends ×

2021 - Is inflation finally back in the conversation?

Reagan1k

By Reagan1k
in Business and Markets

 Share

Recommended Posts

Incredulity

Incredulity 11,141

Posted
Posted
Just now, 52-80 said:

it is outrageous that a company has control over its own treasury.

especially if that company is owned collectively by its shareholders where major capital allocations decisions are made jointly by elected officers.  this representative democracy must be abolished. 

Best Che Guevara GIFs | Gfycat

Co-signed- Surly Leftists

  • Like 1
Link to comment
Share on other sites
  • Replies 7.4k
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

52-80
52-80
Bateshorn
Bateshorn

The only thing more predictable than the GOP running up huge deficits on tax cuts and military spending, is each one suddenly becoming horrified by deficit spending 5 mins after a Democrat is sworn in

PilotsError
PilotsError

Posted Images

Vegas64

Vegas64 640

Posted
Posted

Yellow was mired by horrible M&A the past few years and took out a yuge government loan during Covid-19 it couldn't pay back. People will point to the union and strike demands driving them to bankruptcy because it's catnip for certain people, but that's not true. It was a bad business. 

Link to comment
Share on other sites
jimmyjazz

jimmyjazz 45,055

Posted
Posted (edited)

Correct me if I'm wrong, but if we've seen 0.2% two months in a row, doesn't that imply ~ 2.43% annualized?  If so, is that so bad?

I get it, extrapolation is dicey at best, but it doesn't seem like prices are behaving anything but "normal" at this point.  We'd all like them to come DOWN a bit I suppose, but that's probably a pipe dream.  Is 0% or even deflation the only way a certain demographic will applaud the progress (and of course not even then)?

Fucking DT.  What a joke.

Edited by jimmyjazz
Link to comment
Share on other sites
NotActuallyALonghorn

NotActuallyALonghorn 4,956

Posted
Posted
13 hours ago, jimmyjazz said:

Correct me if I'm wrong, but if we've seen 0.2% two months in a row, doesn't that imply ~ 2.43% annualized?  If so, is that so bad?

I get it, extrapolation is dicey at best, but it doesn't seem like prices are behaving anything but "normal" at this point.  We'd all like them to come DOWN a bit I suppose, but that's probably a pipe dream.  Is 0% or even deflation the only way a certain demographic will applaud the progress (and of course not even then)?

Fucking DT.  What a joke.

There's going to be significant discontent as long as cost of living adjustments don't actually adjust for cost of living. The lower wage workers have mostly had their adjustments, but the middle class hasn't and isn't happy about having to adjust their lifestyle.

  • Hook 'Em 2
Link to comment
Share on other sites
jimmyjazz

jimmyjazz 45,055

Posted
Posted
25 minutes ago, NotActuallyALonghorn said:

There's going to be significant discontent as long as cost of living adjustments don't actually adjust for cost of living. The lower wage workers have mostly had their adjustments, but the middle class hasn't and isn't happy about having to adjust their lifestyle.

I can get with that.  

Any idea what the net price increase to the consumer has been since, oh, January 2021?  I guess it would be a matter of integrating the month over month data.

Link to comment
Share on other sites
NotActuallyALonghorn

NotActuallyALonghorn 4,956

Posted
Posted

No clue, but as a father of three kids, just getting necessities like food (which those little shits mostly just waste), diapers, and clothes has gone up a ton. The more kids you have the more it affects you. The escape price for Target used to be about $100. Now it is at least $150. Need to upgrade to a bigger house because your family got bigger? Lol, you're screwed.

Link to comment
Share on other sites
Cheeseweasel

Cheeseweasel 26,437

Posted
Posted
1 hour ago, Fudge Nuggets said:

is it an all-time record, though?

The US housing market hits a record value of $47 trillion as the inventory shortage fuels a price boom

https://markets.businessinsider.com/news/commodities/housing-market-inventory-shortage-home-prices-value-real-estate-property-2023-8?op=1

 

th?id=OIP.YWtIQ4HJXX3PlIijpmIErgHaEK%26p

Link to comment
Share on other sites
Neonmoon

Neonmoon 38,126

Posted
Posted
15 hours ago, jimmyjazz said:

Correct me if I'm wrong, but if we've seen 0.2% two months in a row, doesn't that imply ~ 2.43% annualized?  If so, is that so bad?

I get it, extrapolation is dicey at best, but it doesn't seem like prices are behaving anything but "normal" at this point.  We'd all like them to come DOWN a bit I suppose, but that's probably a pipe dream.  Is 0% or even deflation the only way a certain demographic will applaud the progress (and of course not even then)?

Fucking DT.  What a joke.

Inflation is 3.2%

That's not bad, however, when you look at the data, people are still getting fucked.

While Energy is down -12.5%, and definitely helping people, Food is up +4.9% and fucking people. Pet Food is up +10.6%. Shelter is up +7.7%. 

It's a mixed bag, and most people are still feeling the costs, especially the food. 

https://www.bls.gov/news.release/cpi.t02.htm

  • Like 1
Link to comment
Share on other sites
jimmyjazz

jimmyjazz 45,055

Posted
Posted
8 minutes ago, Neonmoon said:

Inflation is 3.2%

Year over year, yes.  I was trying to annualize the last two months of 0.2% going forward.  Should that rate hold steady (which of course it won't, it will fluctuate, maybe up, maybe down, probably both) that would lead to an annual inflation rate next summer of 2.43% unless my math sucks.

  • Hook 'Em 1
Link to comment
Share on other sites
Neonmoon

Neonmoon 38,126

Posted
Posted
3 minutes ago, jimmyjazz said:

Year over year, yes.  I was trying to annualize the last two months of 0.2% going forward.  Should that rate hold steady (which of course it won't, it will fluctuate, maybe up, maybe down, probably both) that would lead to an annual inflation rate next summer of 2.43% unless my math sucks.

Sure. It's fine and definitely not too bad, but people are still feeling the effects of certain things. Plus, energy prices are going up again, so that won't help the numbers. 

 

Link to comment
Share on other sites
Trey3216

Trey3216 15,298

Posted
Posted
2 hours ago, jimmyjazz said:

Thanks.  census.gov claims median household income was ~ $71K in 2021, so that would represent a 12% hit ($8.5K).  I can definitely imagine that wages haven't jumped accordingly over that 2 year period.  Mine haven't.

Closer to 13.3% if you put that household in a 10% Income Tax bracket.  That $8.5k of after tax pay, not pre-tax.   

  • Hook 'Em 1
  • Haha 1
Link to comment
Share on other sites
52-80

52-80 18,962

Posted
Posted
3 hours ago, Neonmoon said:

 

That's not bad, however, when you look at the data, people are still getting fucked.

 

It's a mixed bag, and most people are still feeling the costs, especially the food. 

 

"real" earnings means the wage is already adjusted for inflation (using CPI)

nominal wage vs food inflation.  data indexed to 1980, when the wage data series started.  second quartile = median. 

fredgraph.png

fredgraph(1).png

Link to comment
Share on other sites
troph

troph 23,963

Posted
Posted
2 hours ago, 52-80 said:

But how much is it for a 4th of July meal ?!?!

reminds me that "let's just grill burgers" is often the biggest crock of shit expense fest at the grocery store because you often times have to buy a new jar of mayo (someone always wants mayo on their burger - probably a trump lover), mustard and ketchup (ketchup on their hot dog what libcuck wants that?) which can last up to 6 months, plus two extra hot dog and hambuger buns per package (free market my ass), so that waste isn't accounted for (hidden govertnment tax I tell you). 

  • Rage+1 1
Link to comment
Share on other sites
52-80

52-80 18,962

Posted
Posted
17 minutes ago, troph said:

reminds me that "let's just grill burgers" is often the biggest crock of shit expense fest at the grocery store because you often times have to buy a new jar of mayo (someone always wants mayo on their burger - probably a trump lover), mustard and ketchup (ketchup on their hot dog what libcuck wants that?) which can last up to 6 months, plus two extra hot dog and hambuger buns per package (free market my ass), so that waste isn't accounted for (hidden govertnment tax I tell you). 

sir i must inform you about the mayo on hamburger thing....

 

Link to comment
Share on other sites
UT_OB1

UT_OB1 2,193

Posted
Posted
25 minutes ago, troph said:

reminds me that "let's just grill burgers" is often the biggest crock of shit expense fest at the grocery store because you often times have to buy a new jar of mayo (someone always wants mayo on their burger - probably a trump lover), mustard and ketchup (ketchup on their hot dog what libcuck wants that?) which can last up to 6 months, plus two extra hot dog and hambuger buns per package (free market my ass), so that waste isn't accounted for (hidden govertnment tax I tell you). 

Look, I agree with a lot of what you say, but this post is awful and you should feel ashamed.  Ketchup is good at least 2 years, but who actually has a bottle last that long?.  Mustard?…shit, you could bury some in a jar and dig it up in 5000 years and it will still be good if the glass didn’t break. 
 

Mayo on a hamburger with cheese, ketchup, and pickles is how the founding fathers and God intended it. Same for hot dogs. And don’t forget some extra mayo (preferably spicy) to dip your hamburger and fries into. 
 

Now I’m headed to the fatass thread. 

  • Hook 'Em 1
  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing


Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business and Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Subscribe!... Donate!... Advertise... COOKIE MONSTER!

×
×
  • Create New...