Backintheday544 Posted September 16, 2021 Share Posted September 16, 2021 21 minutes ago, B-Man said: BIDENFLATION: Grocery prices to rise another 3% before the end of year, Kroger warns with cost of beef already up 14% and pork 12% since December. https://www.dailymail.co.uk/news/article-9982927/Grocery-prices-expected-rise-3-end-year-Kroger-warns.html Since you posted this, a couple questions: 1. What product is causing the surge in prices? 2. What’s August’s CPI look like? Link to comment Share on other sites More sharing options...
B-Man Posted September 30, 2021 Share Posted September 30, 2021 Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted September 30, 2021 Share Posted September 30, 2021 On 9/16/2021 at 7:06 PM, Backintheday544 said: Since you posted this, a couple questions: 1. What product is causing the surge in prices? 2. What’s August’s CPI look like? For one the answer is excess liquidity, for 2 it’s sure as hell not “transient”. So inflation deniers is a thing now? Link to comment Share on other sites More sharing options...
Backintheday544 Posted September 30, 2021 Share Posted September 30, 2021 8 hours ago, Over 29 years of fanhood said: For one the answer is excess liquidity, for 2 it’s sure as hell not “transient”. So inflation deniers is a thing now? Read the article. B-Man does all this work to curate content you should at least read it: 1. “It came as White House statistics last week revealed that a surge in meat prices is responsible for half of the price increase for food at home since December 2020.” so the answer to 1 is meat. 2. “The statistics for August's CPI are expected to be released this week. ” You resurrected a 2 week old post so August CPI is out now. Link to comment Share on other sites More sharing options...
Precision Posted October 1, 2021 Share Posted October 1, 2021 (edited) Longtime lurker, first post. 29 Years is correct. For those who want to educate themselves on what excess liquidity can do to an economy read "When Money Dies" by Adam Ferguson.... "In 1923, German currency became effectively worthless: the exchange rate in December of that year was one US dollar to 4200 trillion marks." Germany kept printing money to fund social services and keep the populace happy (sound familiar). At the end this is where they were.... “In hyperinflation, a kilo of potatoes was worth, to some, more than the family silver; a side of pork more than the grand piano. A prostitute in the family was better than an infant corpse; theft was preferable to starvation; warmth was finer than honor, clothing more essential than democracy, food more needed than freedom.” Edited October 1, 2021 by Precision 1 1 1 1 Link to comment Share on other sites More sharing options...
Backintheday544 Posted October 1, 2021 Share Posted October 1, 2021 3 hours ago, Precision said: Longtime lurker, first post. 29 Years is correct. For those who want to educate themselves on what excess liquidity can do to an economy read "When Money Dies" by Adam Ferguson.... "In 1923, German currency became effectively worthless: the exchange rate in December of that year was one US dollar to 4200 trillion marks." Germany kept printing money to fund social services and keep the populace happy (sound familiar). At the end this is where they were.... “In hyperinflation, a kilo of potatoes was worth, to some, more than the family silver; a side of pork more than the grand piano. A prostitute in the family was better than an infant corpse; theft was preferable to starvation; warmth was finer than honor, clothing more essential than democracy, food more needed than freedom.” What stats point to excess liquidity? Thinking basic Econ supply and demand, we have a massive strain on supply. Global supply is hurt. Decrease in supply with same demand will push prices up. And this isn’t a US problem. It’s a global problem right now. From a labor standpoint, we need a thread on the Great Resignation. In my opinion, there will not be a great economic impact in our generation than the Great Resignation. Link to comment Share on other sites More sharing options...
Irv Posted October 1, 2021 Share Posted October 1, 2021 (edited) 2 minutes ago, Irv said: Demented Biden has ruined a once great country in less than eight months. $3.5T cost nothing. Huh? What a demented idiot. What A Mess Edited October 1, 2021 by Irv Link to comment Share on other sites More sharing options...
B-Man Posted October 1, 2021 Share Posted October 1, 2021 As Inflation Fears Rise, Biden Starts Looking For Scapegoats Issues & Insights, by The Editorial Board You know inflation is a problem when it gets harder to find something for $1 at Dollar Tree stores. And that’s exactly what’s happening as the discount chain announced that many of its goods would carry a price of up to $1.50. There’s been more bad news on the inflation front this week, so, naturally, Biden is looking for someone or something else to blame – other than his own economic policies. As soon as Biden conjured up his reckless $1.9 trillion “rescue” plan, economists left and right said that pumping that much deficit-financed spending into a fast-growing economy risked sparking an inflationary spiral, https://issuesinsights.com/ 2 1 Link to comment Share on other sites More sharing options...
Precision Posted October 2, 2021 Share Posted October 2, 2021 On 9/30/2021 at 11:57 PM, Backintheday544 said: What stats point to excess liquidity? Thinking basic Econ supply and demand, we have a massive strain on supply. Global supply is hurt. Decrease in supply with same demand will push prices up. And this isn’t a US problem. It’s a global problem right now. From a labor standpoint, we need a thread on the Great Resignation. In my opinion, there will not be a great economic impact in our generation than the Great Resignation. I am unaware of any "liquidity" stats that are published but I will provide the following..... The bottom 3 graphs are generated by the Federal Reserve of St. Louis. The first graph (M0) is US currency in circulation (bills and coins). The second graph(M2) is all US monies (this includes M0, as well as currency in electronic form). The third graph is US GDP. The "monies" in circulation should track GDP, at least somewhat but they don't. Look how much money was put into circulation in just the past year! 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted October 2, 2021 Share Posted October 2, 2021 WELCOME BACK, CARTER: Key inflation gauge watched by the Federal Reserve hits another 30-year high. https://www.cnbc.com/2021/10/01/key-inflation-gauge-watched-by-the-federal-reserve-hits-another-30-year-high.html 1 Link to comment Share on other sites More sharing options...
ALF Posted October 3, 2021 Share Posted October 3, 2021 The workers who keep global supply chains moving are warning of a 'system collapse' https://www.cnn.com/2021/09/29/business/supply-chain-workers/index.html It will take time to train new truck drivers to replace the many who retired. Can't off load ships when trucks not available to haul away each container. Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted October 3, 2021 Share Posted October 3, 2021 5 hours ago, ALF said: The workers who keep global supply chains moving are warning of a 'system collapse' https://www.cnn.com/2021/09/29/business/supply-chain-workers/index.html It will take time to train new truck drivers to replace the many who retired. Can't off load ships when trucks not available to haul away each container. Who wants to drive a truck when you can make 30k-40k year doing nothing except filing out an occasional form? 1 Link to comment Share on other sites More sharing options...
ALF Posted October 3, 2021 Share Posted October 3, 2021 6 minutes ago, Over 29 years of fanhood said: Who wants to drive a truck when you can make 30k-40k year doing nothing except filing out an occasional form? Link ? Link to comment Share on other sites More sharing options...
Albwan Posted October 3, 2021 Share Posted October 3, 2021 8 hours ago, ALF said: The workers who keep global supply chains moving are warning of a 'system collapse' https://www.cnn.com/2021/09/29/business/supply-chain-workers/index.html It will take time to train new truck drivers to replace the many who retired. Can't off load ships when trucks not available to haul away each container. Yea THAT'S the reason the economy is in the shitter. lol. Link to comment Share on other sites More sharing options...
ALF Posted October 3, 2021 Share Posted October 3, 2021 3 hours ago, Albwan said: Yea THAT'S the reason the economy is in the shitter. lol. Yea it's called covid thanks to China Link to comment Share on other sites More sharing options...
Irv Posted October 4, 2021 Share Posted October 4, 2021 Demented Biden paying people not to work. Gee I wonder why the economy so so screwed up. What A Mess Link to comment Share on other sites More sharing options...
B-Man Posted October 7, 2021 Share Posted October 7, 2021 Gas Prices Hit 7-Year High. https://freebeacon.com/latest-news/gas-prices-hit-7-year-high/ Link to comment Share on other sites More sharing options...
dpberr Posted October 7, 2021 Share Posted October 7, 2021 25 minutes ago, B-Man said: Gas Prices Hit 7-Year High. https://freebeacon.com/latest-news/gas-prices-hit-7-year-high/ I read (I believe in Bloomberg) that coal mining is booming because of natural gas prices and shortages abroad. Coal mines here in the US can't find enough miners to meet the surge in demand for coal. Oh the irony that Joe Biden of all Presidents since Eisenhower may be responsible for the resurgence of the US coal industry. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted October 7, 2021 Share Posted October 7, 2021 3 hours ago, B-Man said: Gas Prices Hit 7-Year High. https://freebeacon.com/latest-news/gas-prices-hit-7-year-high/ And yet liberals claim to be the champions of the working class. Hey Joe......AOC is NOT the working class! Link to comment Share on other sites More sharing options...
Backintheday544 Posted October 8, 2021 Share Posted October 8, 2021 On 10/4/2021 at 8:16 AM, Irv said: Demented Biden paying people not to work. Gee I wonder why the economy so so screwed up. What A Mess Y’all know we have decent data that the Republican states that ended the enhanced unemployment early are still seeing massive labor shortages right? For labor, this isn’t a Biden thing. This isn’t a Trump thing. This is a fundamental shift in the US labor market that’s going on right now. It was something that was going on as we saw boomers starting to transition out of the labor market and the newer generations with different values come up. Instead of a slow process on the change, COVID threw gas on a fire to speed it up. 1 1 Link to comment Share on other sites More sharing options...
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