Inflation.....

[sealybobo]

Why do people laugh when politicians stick out their chests and decry low inflation? Basically because it means nothing for cost.
So you pay $200.00 a week for groceries. Let's for the purpose of argument assume that you buy exactly the same items every week faithfully and
that you are a good comparison shopper. In six months time you find that the very same basket of goods now costs $215.00. So you're rate of inflation for this
particular period is 1.075% and this is supposed to make you happy you ungrateful little bitch! Don't you know how good that is? You point out that you are $15.00 poorer per
week....but then it gets dumped on your " Dumb, uneducated ass " that the dollar has gained value in that same period of time so you're really not out the $15.00 you thought you
were out. You check your bank account....and wonder what the hell they are talking about...because as far as you're concerned you're still $15.00 poorer.

Next six months goes by. The price of the basket goes up to $225.00. Yay! Inflation has actually gone down! Why are you not happy? Peer reviewed economic reports say that you are doing well! However the reports do not tell you where that extra $10.00 went.....you know you don't have it ...but wait! You're not smart enough to know that! See....you don't have a degree in economics so you're not qualified to say that you are out the ten! Then of course your property taxes go up because the municipality uses REAL ECONOMICS to disperse their obligations and their money men are telling them that the dollar has actually devalued and that they need more of them to pay the same bills they paid last year. The Feds will tell you that the dollar is strong and that you should be happy! The CPI does not give a shit about your property taxes....they don't consider it a worthy number and if you do that's your problem because remember....you're not a smart person. Then it continues....cost rises....the CPI dances around it to tell you that it's all in your imagination....your bank account tells you otherwise but Shhhhh! You are not a smart person! Inflation is low! Everything is wonderful! Then the repo guy shows up for you automobile.....but you're not supposed to have that anyway you ungrateful hack! So shut up!

CUE: A plethora of Pfffts...guffaws....and Bwahahah's calling the above post uninformed, wrong, stupid and detached from reality.... That's not the way inflation gets calculated you dumb ass! ..... etc...etc...etc.....

Inflation slowed to a 3.1% annual rate in November

The consumer price index was expected to be flat in November and up 3.1% from a year ago, according to Dow Jones consensus estimates.

www.cnbc.com

Inflation slowed to a 3.1% annual rate in November​

How do we get rent to go down?

Stubbornly high rental costs lift US consumer inflation in November​

 

[sealybobo]

Why do people laugh when politicians stick out their chests and decry low inflation? Basically because it means nothing for cost.
So you pay $200.00 a week for groceries. Let's for the purpose of argument assume that you buy exactly the same items every week faithfully and
that you are a good comparison shopper. In six months time you find that the very same basket of goods now costs $215.00. So you're rate of inflation for this
particular period is 1.075% and this is supposed to make you happy you ungrateful little bitch! Don't you know how good that is? You point out that you are $15.00 poorer per
week....but then it gets dumped on your " Dumb, uneducated ass " that the dollar has gained value in that same period of time so you're really not out the $15.00 you thought you
were out. You check your bank account....and wonder what the hell they are talking about...because as far as you're concerned you're still $15.00 poorer.

Next six months goes by. The price of the basket goes up to $225.00. Yay! Inflation has actually gone down! Why are you not happy? Peer reviewed economic reports say that you are doing well! However the reports do not tell you where that extra $10.00 went.....you know you don't have it ...but wait! You're not smart enough to know that! See....you don't have a degree in economics so you're not qualified to say that you are out the ten! Then of course your property taxes go up because the municipality uses REAL ECONOMICS to disperse their obligations and their money men are telling them that the dollar has actually devalued and that they need more of them to pay the same bills they paid last year. The Feds will tell you that the dollar is strong and that you should be happy! The CPI does not give a shit about your property taxes....they don't consider it a worthy number and if you do that's your problem because remember....you're not a smart person. Then it continues....cost rises....the CPI dances around it to tell you that it's all in your imagination....your bank account tells you otherwise but Shhhhh! You are not a smart person! Inflation is low! Everything is wonderful! Then the repo guy shows up for you automobile.....but you're not supposed to have that anyway you ungrateful hack! So shut up!

CUE: A plethora of Pfffts...guffaws....and Bwahahah's calling the above post uninformed, wrong, stupid and detached from reality.... That's not the way inflation gets calculated you dumb ass! ..... etc...etc...etc.....

Here's a great example of how supply and demand work. If you don't want the government telling General Mills they can't gouge us during the pandemic then you have to let the free market decide.

So here's the story in short. General Mills jacked up their prices more than inflation during the pandemic. Because we were all at home eating at home and not eating out. So they jacked up the price of their cereal and their profits went up. They got used to that money so fuck the consumer and fuck lowering inflation. For them, it's all about profits. Well now people are not buying cereal anymore. And the companies are shitting their pants.

I found it funny they don't just lower their prices to where the should be. They said something about "it's going to take a year to blablabla." Probably because now they are counting on those profit margins to hit their goal. Well sorry General Mills and Quaker Oaks. Go fuck yourselves.

Keep in mind they jacked their prices up more than inflation. MORE. Not Biden's fault. What's he supposed to do about this bad corporate behavior?

General Mills stock sinks after sales miss, amid strong âvalue-seekingâ behavior by consumers

General Mills's stock sank Wednesday, after the consumer-foods company missed fiscal second-quarter revenue expectations and lowered its full-year outlook as...

www.marketwatch.com