The Low Inflation Lie

So I run out and do some errands. Car wash at the gas station, that used to be free when you bought 8 gallons, went to $10 over the last few years. Today it was $11. That's a 10% hike. Anyone's salary go up 10%? Mine either. Get some groceries. My 48 ounce ice cream (which used to be 128 ounces) is now 46.

I won't even get into housing and energy costs.

Pure BS there is no inflation.

went to $10 over the last few years. Today it was $11. That's a 10% hike.

That's awful! What is your annual spending on car washes?

I won't even get into housing and energy costs.

My mortgage payment is lower than it was 10 years ago.
So is gasoline.
 
Inflation is the only way to pay for idiocies that can never balance such as the student loan market, derivative investment leverage, and subprime housing. Get ready for more of it.
 
So I run out and do some errands. Car wash at the gas station, that used to be free when you bought 8 gallons, went to $10 over the last few years. Today it was $11. That's a 10% hike. Anyone's salary go up 10%? Mine either. Get some groceries. My 48 ounce ice cream (which used to be 128 ounces) is now 46.

I won't even get into housing and energy costs.

Pure BS there is no inflation.

went to $10 over the last few years. Today it was $11. That's a 10% hike.

That's awful! What is your annual spending on car washes?

I won't even get into housing and energy costs.

My mortgage payment is lower than it was 10 years ago.
So is gasoline.
The point is EVERYTHING has been going up over 10%.
Americans are good if they put away 10% of their income into savings. That means NINETY PERCENT of their income is expenses. And if expenses go up over 10% every year, pretty much explains the economy we have today.
 
So I run out and do some errands. Car wash at the gas station, that used to be free when you bought 8 gallons, went to $10 over the last few years. Today it was $11. That's a 10% hike. Anyone's salary go up 10%? Mine either. Get some groceries. My 48 ounce ice cream (which used to be 128 ounces) is now 46.

I won't even get into housing and energy costs.

Pure BS there is no inflation.

went to $10 over the last few years. Today it was $11. That's a 10% hike.

That's awful! What is your annual spending on car washes?

I won't even get into housing and energy costs.

My mortgage payment is lower than it was 10 years ago.
So is gasoline.
The point is EVERYTHING has been going up over 10%.
Americans are good if they put away 10% of their income into savings. That means NINETY PERCENT of their income is expenses. And if expenses go up over 10% every year, pretty much explains the economy we have today.

The point is EVERYTHING has been going up over 10%.

If that were the case, everything would be twice as expensive over the last 7 years.
Gasoline is cheaper than it was 10 years ago.
My mortgage payment is less than it was 10 years ago.

Besides your car wash anecdote, do you have any data to back up your claim?

And if expenses go up over 10% every year

Clearly, they don't.
 
2% my ass.
Last year a Subway sandwhich was $5. Now it's $6. 20% hike.
Ice cream is higher and no longer a gallon.
Electricity is 50% higher than 6 years ago.
Buy a pound of coffee? You can't, part of the ever shrinking consumer products.
Buy a pound of hamburger lately?
Robituson cough syrup is higher and smaller. Dosage is 10ml, bottle is 39ml.
Average cost of a home in my town is $600K, rent $3,500.

It's all smoke and mirrors because Social Security payments are based upon the inflation rate the government says it is.

The Inflation Rate Is A Lie Too

Never mind that, what we need is "free" college for kids.
 
So I run out and do some errands. Car wash at the gas station, that used to be free when you bought 8 gallons, went to $10 over the last few years. Today it was $11. That's a 10% hike. Anyone's salary go up 10%? Mine either. Get some groceries. My 48 ounce ice cream (which used to be 128 ounces) is now 46.

I won't even get into housing and energy costs.

Pure BS there is no inflation.

went to $10 over the last few years. Today it was $11. That's a 10% hike.

That's awful! What is your annual spending on car washes?

I won't even get into housing and energy costs.

My mortgage payment is lower than it was 10 years ago.
So is gasoline.
The point is EVERYTHING has been going up over 10%.
Americans are good if they put away 10% of their income into savings. That means NINETY PERCENT of their income is expenses. And if expenses go up over 10% every year, pretty much explains the economy we have today.

The point is EVERYTHING has been going up over 10%.

If that were the case, everything would be twice as expensive over the last 7 years.
Gasoline is cheaper than it was 10 years ago.
My mortgage payment is less than it was 10 years ago.

Besides your car wash anecdote, do you have any data to back up your claim?

And if expenses go up over 10% every year

Clearly, they don't.
Your mortgage is based upon a contract signed long ago. Gas is down yes. But my electricity and water is tenfold of what it was a few years ago. 7 years ago I filled my grocery cart for $100. Now it's half full for over $200.

AND GUESS WHAT! One grocery store I went to got SMALLER CARTS IN.

All part of the smoke and mirrors show to make you think prices are not going up.
 
So I run out and do some errands. Car wash at the gas station, that used to be free when you bought 8 gallons, went to $10 over the last few years. Today it was $11. That's a 10% hike. Anyone's salary go up 10%? Mine either. Get some groceries. My 48 ounce ice cream (which used to be 128 ounces) is now 46.

I won't even get into housing and energy costs.

Pure BS there is no inflation.

went to $10 over the last few years. Today it was $11. That's a 10% hike.

That's awful! What is your annual spending on car washes?

I won't even get into housing and energy costs.

My mortgage payment is lower than it was 10 years ago.
So is gasoline.
The point is EVERYTHING has been going up over 10%.
Americans are good if they put away 10% of their income into savings. That means NINETY PERCENT of their income is expenses. And if expenses go up over 10% every year, pretty much explains the economy we have today.

The point is EVERYTHING has been going up over 10%.

If that were the case, everything would be twice as expensive over the last 7 years.
Gasoline is cheaper than it was 10 years ago.
My mortgage payment is less than it was 10 years ago.

Besides your car wash anecdote, do you have any data to back up your claim?

And if expenses go up over 10% every year

Clearly, they don't.
Your mortgage is based upon a contract signed long ago. Gas is down yes. But my electricity and water is tenfold of what it was a few years ago. 7 years ago I filled my grocery cart for $100. Now it's half full for over $200.

AND GUESS WHAT! One grocery store I went to got SMALLER CARTS IN.

All part of the smoke and mirrors show to make you think prices are not going up.

Your mortgage is based upon a contract signed long ago

Since I refinanced, my mortgage payment is lower than on this date in 2007.
One of my larger expenses.....down, not up.

Gas is down yes.

Down, instead of doubled. That's a large miss.

But my electricity and water is tenfold of what it was a few years ago.

Tenfold? How did that happen?

7 years ago I filled my grocery cart for $100. Now it's half full for over $200.

That would be a 22% annual jump.
Any data besides your anecdotes?
 
2% my ass.
Last year a Subway sandwhich was $5. Now it's $6. 20% hike.
Ice cream is higher and no longer a gallon.
Electricity is 50% higher than 6 years ago.
Buy a pound of coffee? You can't, part of the ever shrinking consumer products.
Buy a pound of hamburger lately?
Robituson cough syrup is higher and smaller. Dosage is 10ml, bottle is 39ml.
Average cost of a home in my town is $600K, rent $3,500.

It's all smoke and mirrors because Social Security payments are based upon the inflation rate the government says it is.

The Inflation Rate Is A Lie Too

Never mind that, what we need is "free" college for kids.
No, what we need is more hyped up student loan inventions. :)
 
Inflation is the only way to pay for idiocies that can never balance such as the student loan market, derivative investment leverage, and subprime housing. Get ready for more of it.

How does inflation do anything to "derivative investment leverage".
Same as all the others, you need to print the money that is assumed into it.

Same as all the others, you need to print the money that is assumed into it.

If I have an option to buy 100 shares of IBM by Oct 20, 2017 at $145, why do you feel money has to be printed?
 
Inflation is the only way to pay for idiocies that can never balance such as the student loan market, derivative investment leverage, and subprime housing. Get ready for more of it.

How does inflation do anything to "derivative investment leverage".
Same as all the others, you need to print the money that is assumed into it.

Same as all the others, you need to print the money that is assumed into it.

If I have an option to buy 100 shares of IBM by Oct 20, 2017 at $145, why do you feel money has to be printed?

Casino capitalism and you are not the house. If you buy at $145 then you have only $15, the rest is your leverage that you pencil in based on what you lent out previously.
 
Inflation is the only way to pay for idiocies that can never balance such as the student loan market, derivative investment leverage, and subprime housing. Get ready for more of it.

How does inflation do anything to "derivative investment leverage".
Same as all the others, you need to print the money that is assumed into it.

Same as all the others, you need to print the money that is assumed into it.

If I have an option to buy 100 shares of IBM by Oct 20, 2017 at $145, why do you feel money has to be printed?

Casino capitalism and you are not the house. If you buy at $145 then you have only $15, the rest is your leverage that you pencil in based on what you lent out previously.

It's an option, I don't have to buy.
I didn't lend anything out.
So why does any money need to be printed because of this derivative I own?
 

Forum List

Back
Top