Mac1958
Diamond Member
The best minds in finance don't know what's going to happen for sure.
Anyone who pretends to is foolish.
Anyone who pretends to is foolish.
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A surge of consumer demand unleashed by government stimulus, improving vaccinations and fewer pandemic restrictions is putting a strain on global supply chains. Manufacturers and other hard-hit industries are struggling to get back up and running after a year of lockdown measures, causing supply shortages and raising costs.
All of those factors combined to push the consumer price index (CPI) up 0.8 percent in April and 4.2 percent over the past 12 months, the fastest annual rate since 2008,
When stripping out the more volatile prices for food and energy, the index registered the biggest monthly increase since 1982.
Inflation fears grow for White House
What is really troubling besides lumber is that corn is up about 50%. Everything we eat has something to do with corn. Even FUCKING GAS and we don't drink it!!!!.But we drink beer and that is up..lol
The poor don't need to eat lumber, but they need to eat corn and transport themselves.
All in all inflation cripples the poor the most. Unless you lived in the 70's, no one on this frikin board knows what long term inflation means or is. Boy are they goanna get an edumacation on this
Good lord!A jar of spaghetti sauce rang up at $9.49 the other day and I about shit a brick
It's $10 for a McDonalds breakfast if you buy the $1 soda, a large orange juice is $3 so you are $12 for a breakfast.Good lord!A jar of spaghetti sauce rang up at $9.49 the other day and I about shit a brick
Easter Sunday, I visited my local Guitar Center and was hungry on the way home- I decided I wanted a Sonic Chicken Fried Steak sandwich- they were closed! So, I went next door to What-a Burger and ordered a Patty Melt and a med vanilla shake- $10.76! For a fucking sandwich and a vanilla shake! I told the little cashier girl, very politely, it was the LAST purchase I'd make at their brand- I don't care how iconic they are-
only a demofk would know that answer.It's something to watch but one or two months in themselves don't mean much. If inflation sticks around let's hope the lesson from 2008 prevented an abundance of adjustable rate mortgages over this past decade.
It's something to watch but one or two months in themselves don't mean much. If inflation sticks around let's hope the lesson from 2008 prevented an abundance of adjustable rate mortgages over this past decade.
Most of the "inflation" is theoretically transitory and led by demand for used cars (as new car demand plummeted last year) gas and other "travelling" supplies. And the govt "aid" has also been .. temporary. UNTIL now, and the child tax credits. Biden is playing with fire.I know the Martin guitar I want is not due until October!
Then you have to take into consideration that the product you receive may not look exactly like the product on the commercial. At a cheaper price it is not a question. Mass production to move people in and out is a convenience with it. At higher prices you may be able to go to a slightly more upscale place where the prices are competitive to what is received. Fast food can not lose their focus for what the provide.It's $10 for a McDonalds breakfast if you buy the $1 soda, a large orange juice is $3 so you are $12 for a breakfast.Good lord!A jar of spaghetti sauce rang up at $9.49 the other day and I about shit a brick
Easter Sunday, I visited my local Guitar Center and was hungry on the way home- I decided I wanted a Sonic Chicken Fried Steak sandwich- they were closed! So, I went next door to What-a Burger and ordered a Patty Melt and a med vanilla shake- $10.76! For a fucking sandwich and a vanilla shake! I told the little cashier girl, very politely, it was the LAST purchase I'd make at their brand- I don't care how iconic they are-
Finally, you said something of value. Where the fuck have you been?The best minds in finance don't know what's going to happen for sure.
Anyone who pretends to is foolish.
It's something to watch but one or two months in themselves don't mean much. If inflation sticks around let's hope the lesson from 2008 prevented an abundance of adjustable rate mortgages over this past decade.
A wing and a prayer, with some hope thrown in...quite the strategy.
Yet the Biden Admin wants employers to compete with federally subsidized unemployment. Can't imagine that encouraging lower prices.It's something to watch but one or two months in themselves don't mean much. If inflation sticks around let's hope the lesson from 2008 prevented an abundance of adjustable rate mortgages over this past decade.
A wing and a prayer, with some hope thrown in...quite the strategy.
Not a wing nor a prayer. Not everything is political. Have you noticed the supply shortages as the economy ramps up from its pandemic shut down? I'll give you credit for knowing what affect shortages have on prices.
Hyperbole inflation?It doesn't take a genius to figure out that hyper-inflation and a worthless dollar will happen soon due to massive spending.
If a business can’t complete with unemployment....they should close.Yet the Biden Admin wants employers to compete with federally subsidized unemployment. Can't imagine that encouraging lower prices.It's something to watch but one or two months in themselves don't mean much. If inflation sticks around let's hope the lesson from 2008 prevented an abundance of adjustable rate mortgages over this past decade.
A wing and a prayer, with some hope thrown in...quite the strategy.
Not a wing nor a prayer. Not everything is political. Have you noticed the supply shortages as the economy ramps up from its pandemic shut down? I'll give you credit for knowing what affect shortages have on prices.
Could it be cutting taxes on the rich and adding to deficits is not inflationary (because they don't spend it) but cutting taxes on workers is?The best minds in finance don't know what's going to happen for sure.
Anyone who pretends to is foolish.
Theoretically, yeah. Helluva question. The lower and middle classes will spend a higher percentage of their tax savings, while the upper classes will invest a higher percentage (which is not nearly as inflationary, directly). But at the same time, the gross tax savings enjoyed by the lower and middle classes wouldn't be as much, either.Could it be cutting taxes on the rich and adding to deficits is not inflationary (because they don't spend it) but cutting taxes on workers is?The best minds in finance don't know what's going to happen for sure.
Anyone who pretends to is foolish.
No, because the pittance the former president included in the wealthy tax give away wasn’t enough to move the needle.Could it be cutting taxes on the rich and adding to deficits is not inflationary (because they don't spend it) but cutting taxes on workers is?The best minds in finance don't know what's going to happen for sure.
Anyone who pretends to is foolish.
If a business can’t complete with unemployment....they should close.Yet the Biden Admin wants employers to compete with federally subsidized unemployment. Can't imagine that encouraging lower prices.It's something to watch but one or two months in themselves don't mean much. If inflation sticks around let's hope the lesson from 2008 prevented an abundance of adjustable rate mortgages over this past decade.
A wing and a prayer, with some hope thrown in...quite the strategy.
Not a wing nor a prayer. Not everything is political. Have you noticed the supply shortages as the economy ramps up from its pandemic shut down? I'll give you credit for knowing what affect shortages have on prices.