Getbig Bodybuilding, Figure and Fitness Forums
Getbig Main Boards => Gossip & Opinions => Topic started by: 2000 MAN on November 13, 2022, 11:40:28 AM
-
https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/ (https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/)
Despite the right-wing panic, prices only rose by 0.5 percent in recent months—equivalent to an annual rate of about 2 percent
-
https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/ (https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/)
Despite the right-wing panic, prices only rose by 0.5 percent in recent months—equivalent to an annual rate of about 2 percent
VERY DUMB STATEMENT
-
VERY DUMB STATEMENT
You've kept the excessive use of the hyphen and added all caps.
-
You've kept the excessive use of the hyphen and added all caps.
Prices have gone up?
On what products?
-
https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/ (https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/)
Despite the right-wing panic, prices only rose by 0.5 percent in recent months—equivalent to an annual rate of about 2 percent
Dude, I stock up on shit when I buy things pre-Biden. I went to buy a few big containers of generic oatmeal the other day. Pre-Biden it was $1.99 per tub. It is now $6.99 less than 22 months into his term. Inflation is actually worse than I thought, and nowhere near 8.5%. Keeping on allowing them to change what's in the "basket" to compute CPI allows them to continue the lie, and you and others to be stupid enough to believe it.
-
OP has been reading the same economics book as Biden
"0%" inflation
Just the other day I saw some dumb shit democrat on TV claiming inflation was bad because people had simply learned of the concept and that's what made it real
-
OP has been reading the same economics book as Biden
"0%" inflation
Just the other day I saw some dumb shit democrat on TV claiming inflation was bad because people had simply learned of the concept and that's what made it real
Same with GDP. I still have my college macro and micro economics books. Both define a recession 2 straight quarters of declining GDP. We've now had 3, but still not calling it a recession. 4th quarter will likely grow because of Thanksgiving and Christmas, at which point they'll yell at us "see we told you so". Then the quarters of GDP will start being counted from zero.
-
https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/ (https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/)
Despite the right-wing panic, prices only rose by 0.5 percent in recent months—equivalent to an annual rate of about 2 percent
So what do you say is the cause of price increases then ??
-
Same with GDP. I still have my college macro and micro economics books. Both define a recession 2 straight quarters of declining GDP. We've now had 3, but still not calling it a recession. 4th quarter will likely grow because of Thanksgiving and Christmas, at which point they'll yell at us "see we told you so". Then the quarters of GDP will start being counted from zero.
I'm from the UK and have no dog in this race but can honestly say I've never seen such a deceitful and gaslighting administration
-
I'm from the UK and have no dog in this race but can honestly say I've never seen such a deceitful and gaslighting administration
Yep, and like you said, being from the UK what reason would you have to not tell the truth as you see it?
-
He goes by the Krugman school of economics
-
I'm from the UK and have no dog in this race but can honestly say I've never seen such a deceitful and gaslighting administration
X2
-
Inflation rate 11% food and fuel up by up to 35%
Inflation rate means fuck all
-
How is the price of eggs in your area compared to two years ago? In mine they’re up at least 50%.
Have gone from $3.00 to $3.50 a dozen to $5-5.50.
It has nothing to do with the decrepit Biden. The Fed increased the money supply by 30-50% depending on the metric.
-
He goes by the Krugman school of economics
The expertise of Government hack economists is to forever come up with absurd theories as to why government excesses and inefficiencies are really a good thing.
-
Inflation rate 11% food and fuel up by up to 35%
Inflation rate means fuck all
Inflation is measured strictly as to whether or not prices go up when in reality inflation is relative and the normal course of prices is actually to go down as producers get more efficient. Consider the amount of computing power you have now and the price you paid for it compared to that of 20 years ago.
The reason the Fed has been able to get away with all the money printing and no rising prices is because of China coming on board which was very deflationary. Now with China stagnating the jig is up and you’re seeing prices rise.
-
https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/ (https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/)
Despite the right-wing panic, prices only rose by 0.5 percent in recent months—equivalent to an annual rate of about 2 percent
Everything is great.
(https://pbs.twimg.com/media/FXj_qWgXwAsxkTj?format=jpg&name=medium)
(https://i.postimg.cc/fbKcZP4K/FW8c-Jer-WAddddd-AMGNtq.jpg)
(https://i.postimg.cc/rsvWQXW8/FW8rrrrrrc-Jes-WYAAg-F3-S.jpg)
(https://i.postimg.cc/MzBYpPqt/FXBUx-KYXo-AEmyyyyyy7-Yb.jpg)
-
I was paying $1.20 gallon for off road diesel in May 2020. I’m now paying $4.55 gallon.
-
It's all good.
-
How is the price of eggs in your area compared to two years ago? In mine they’re up at least 50%.
Have gone from $3.00 to $3.50 a dozen to $5-5.50.
It has nothing to do with the decrepit Biden. The Fed increased the money supply by 30-50% depending on the metric.
Two years ago 18 large eggs cost $3.79, with occasional sales of buy two get one free. Last week 18 large eggs cost $7.29. >:(
-
Prices have gone up?
On what products?
Don't know about you, but I think groceries and specially dining out is noticeably more expensive than a year or so ago. I read that profits are way up as well. Initially and typically, the average consumer takes the hit, while corporations make a profit. When folks will not or cannot afford to buy the products, the prices should come down. How long before there is a turnaround, nobody knows.
Seems like there is a shortage of people to fill vacancies in the work force. This drives wages up. It is all part of inflation. Some people, such as retirees, are on fixed incomes. They feel the brunt of inflation.
-
I was paying $1.20 gallon for off road diesel in May 2020. I’m now paying $4.55 gallon.
December 2021 Headline: Oregon’s Gas Prices Now 5th Highest In Nation At $3.79 Per Gallon. Today the average price of regular in Portland, OR is $4.94 a gallon, down from a month or so ago when it was still well over $5.00 a gallon. Not great, but better.
-
December 2021 Headline: Oregon’s Gas Prices Now 5th Highest In Nation At $3.79 Per Gallon. Today the average price of regular in Portland, OR is $4.94 a gallon, down from a month or so ago when it was still well over $5.00 a gallon. Not great, but better.
My point was, I believe the rapid fuel cost rise is almost as big, if not as big, as the printing of money as a driver of inflation.
-
Inflation is much higher than reported, when calculating actual cost to live.
The 8.whatever number reported includes tons of consumer goods you purchase very infrequently, some of which prices have dropped. Flat screen TVs are in there, I might buy one every three years and they are cheaper than ever.
Food, particularly staple items like dairy, meats, and produce are up well over 30%
Rent is up over 50% nationwide.
Mortgages are up almost 300%.
Fuel is up over 200%.
These are the items that absorb most of your income, but are given equal weight in the inflation calculation against those infrequently purchased consumer goods.
So actual inflation in my home (we track our expenses very strictly) is up about 40%. Since we own our home that is just groceries and fuel. We were up almost $7000 in 2022 over 2021 in October. On just those two items.
-
Two years ago 18 large eggs cost $3.79, with occasional sales of buy two get one free. Last week 18 large eggs cost $7.29. >:(
The reason I used eggs because it’s a product that essentially everybody uses and the price is sure as fuck up a lot more than 10%.
-
It’s a YoY metric so what they say is technically correct in that prices haven’t risen the last few months…… because they rose in the 18months prior to the last few months. So today fuel is the same as I paid 6mths back but it was the 18mths prior to then when it went from $1.35/L to $2.20/L.
Money supply wise the rest of us have already started printing.
US pretty much flat for 2022
UK +8%
Prison Island +4.5%
Already printing at near GFC levels and our economies are still 6-9mths away from bottoming. You watch this accelerate like an absolute mofo next year.
And people think prices and rates can’t go higher. Just wait. It’ll all go higher.
-
2000 Man, how did you become such a political and economic pundit?
-
I just paid close to $5.00 for coffee creamer.
I’m going to need extra hours at auto Zone.
-
Anyone who thinks inflation is not a big problem is either lying or just plain stupid. EVERYTHING costs more money than it did before Biden took office. Blame it on whoever you want but your dollar is worth less. Things cost more and you are getting less. Eggs were $3 for 18 pack large and now they are $5.50. Gas is almost double here in LA. Meat costs almost as much as 50% more and they are out of stock of a lot of options. You heating bill is higher and will continue to rise this winter. Yeah, so nothing to see here I guess. Ignorance, or Democrat Political Party affiliation, is blind....
-
Well the red wave didn't happen so as far as I'm concerned cost of living isn't high enough, bring on more inflation maybe when people are hungry or cold they will remember to vote red next time. I can afford my life many non voting people can't.if they need an inflation reminder its going to keep coming, decarbonising the global economy won't be cheap. Won't make one pinch of shit difference as climate change is happening anyway, but hey whatever floats your bloat, its 2022 just don't whine about inflation when you had a chance to change things and didn't.
-
Inflation is unacceptably high but vast majority of people still - currently - have jobs and average bank balances are higher then pre covid (as per BofA and jp Morgan ceo's) so while everyone is justifiably grumpy about their breakfast cereal, gas pump etc increases its not to the point of Network-style "I'm mad as hell and not going to take it anymore" primal screams from your average Joe and Jane en masse yet
-
I just paid close to $5.00 for coffee creamer.
I’m going to need extra hours at auto Zone.
Go to Aldi, SF.
(https://www.gannett-cdn.com/presto/2019/04/22/PKNS/09cae563-3a7b-41f3-a0ea-d5b131533c41-Aldi.jpg?crop=7359,4125,x0,y0&width=3200&height=1680&fit=bounds)
-
Credit card debt is at an all-time high.
People are spending like there is no tomorrow.
Tomorrow will come and they will have to pay up.
-
Well the red wave didn't happen so as far as I'm concerned cost of living isn't high enough, bring on more inflation maybe when people are hungry or cold they will remember to vote red next time. I can afford my life many non voting people can't.if they need an inflation reminder its going to keep coming, decarbonising the global economy won't be cheap. Won't make one pinch of shit difference as climate change is happening anyway, but hey whatever floats your bloat, its 2022 just don't whine about inflation when you had a chance to change things and didn't.
It'll just be used as another reason to vote Dem. They'll offer a bribe ("Aid For America Act" or some bullshit). And it'll be leveraged to amnesty a deluge of migrant labor.
Most people will reach for the government tit every time they flash it.
-
Has the inflation reduction act started working yet?
-
2000 MAN at Starbucks:
-
went to the store to buy some blue bell icecream for a cheatmeal, a year ago a gallon cost $3. Now the gallon is $9. 2 years ago my grocery trip would cost $75, now same exact trip ends up being $200 and I'm even cutting some stuff out and not buying everything I want
-
went to the store to buy some blue bell icecream for a cheatmeal, a year ago a gallon cost $3. Now the gallon is $9. 2 years ago my grocery trip would cost $75, now same exact trip ends up being $200 and I'm even cutting some stuff out and not buying everything I want
It's not so bad. Suck it up, and buy off-brand ice cream and plant based junk food instead.
-
went to the store to buy some blue bell icecream for a cheatmeal, a year ago a gallon cost $3. Now the gallon is $9. 2 years ago my grocery trip would cost $75, now same exact trip ends up being $200 and I'm even cutting some stuff out and not buying everything I want
Complainers will be arrested and sent to the Gulag.
-
I just paid close to $5.00 for coffee creamer.
I’m going to need extra hours at auto Zone.
I can’t even begin to imagine the harm inflation is doing to Matt Canning and the mooching, thief Josh Rehaluk’s new business they were starting!!
Getbig donations will be solicited under false pretenses…again.
They are going to be very unhappy roommates, the 69-ing will be quite unfriendly.
-
Biden/Fetterman 2024!!!
Its a No-Brainer !!!
USA USA
-
Biden/Fetterman 2024!!!
Its a No-Brainer !!!
USA USA
Yes, together they have less than a brain.
-
Yes, together they have less than a brain.
Best part is God Himself could run against them and God would still lose by double digits
-
Go to Aldi, SF.
(https://www.gannett-cdn.com/presto/2019/04/22/PKNS/09cae563-3a7b-41f3-a0ea-d5b131533c41-Aldi.jpg?crop=7359,4125,x0,y0&width=3200&height=1680&fit=bounds)
Thanks, IN! There is one close to me!
-
https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/ (https://progressive.org/op-eds/why-the-inflation-rate-isnt-as-bad-as-you-think-boyce-221108/)
Despite the right-wing panic, prices only rose by 0.5 percent in recent months—equivalent to an annual rate of about 2 percent
Missed the memo b/c California is a shit storm.
-
I can’t even begin to imagine the harm inflation is doing to Matt Canning and the mooching, thief Josh Rehaluk’s new business they were starting!!
Getbig donations will be solicited under false pretenses…again.
They are going to be very unhappy roommates, the 69-ing will be quite unfriendly.
I wonder how inflation is influencing Matt’s ability to support his family.
-
The reality is that it’s probably going to subside. The massive money printing exercise is over. The money has circulated into the economy and prices have gone up. Now the Fed has turned off the faucet.
Of course, that doesn’t mean prices are gonna go back to where they were. They essentially turned your $20 bills into $14s. They still say 20 but only buy 14 worth of things.
-
I wonder how inflation is influencing Matt’s ability to support his family.
Well, he did have $116.00 invested in crypto, so he is safe there. 🤣
That’s okay, Matt Canning can ask his mommy for an increase in his allowance to begin partially supporting his 5 illegitimate kids and the 58 year old leech living in his mommy’s basement with him.
-
My $42 protein is now $76. >:(
-
It’s a YoY metric so what they say is technically correct in that prices haven’t risen the last few months…… because they rose in the 18months prior to the last few months. So today fuel is the same as I paid 6mths back but it was the 18mths prior to then when it went from $1.35/L to $2.20/L.
Money supply wise the rest of us have already started printing.
US pretty much flat for 2022
UK +8%
Prison Island +4.5%
Already printing at near GFC levels and our economies are still 6-9mths away from bottoming. You watch this accelerate like an absolute mofo next year.
And people think prices and rates can’t go higher. Just wait. It’ll all go higher.
Of course prices can and probably will go higher before they level out. If there is a recession, they'll come down. How far down? Never far enough. ;D
-
went to the store to buy some blue bell icecream for a cheatmeal, a year ago a gallon cost $3. Now the gallon is $9. 2 years ago my grocery trip would cost $75, now same exact trip ends up being $200 and I'm even cutting some stuff out and not buying everything I want
If the whole $200 is just groceries for one, maybe should eat less. That is assuming you shop fairly often.
I just checked the grocery category in Quicken... Weird, I actually spent less at the grocery store in the past 12 months than I did in the prior year (2020-2021).
-
If the whole $200 is just groceries for one, maybe should eat less. That is assuming you shop fairly often.
I just checked the grocery category in Quicken... Weird, I actually spent less at the grocery store in the past 12 months than I did in the prior 12 year (2020-2021).
You're a man that likes to suck dick.....weird shit happens. Maybe you consumed more free calories from jizz?
-
How is the price of eggs in your area compared to two years ago? In mine they’re up at least 50%.
Have gone from $3.00 to $3.50 a dozen to $5-5.50.
It has nothing to do with the decrepit Biden. The Fed increased the money supply by 30-50% depending on the metric.
I could get them from $.79 at Aldi's every week, or $1.29 max anywhere else. Haven't been to Aldi's for a while as it is far away, and I buy too much shit I don't need every time. If you've ever shopped there you know what I mean.
Anyway, prices at WalMart were $4.99 the other day, and $5.99.....everything I'm referring to is for a dozen btw.
Why is no one factoring in the price of diesel which is how things get to the shelves. That was entirely Biden's fault. Killed Keystone, and many drilling sites 1st day of his term. Refuses to grant new permits, or re-open drilling in ANWAR. Keystone would have cost $9/barrel to ship and been safer. Now it's on the trucked, and shipped mostly on the rails which cost $29/barrel....Biden and Obama's old buddy Buffett is benefitting from that via UP and BNSF. I don't why people admire him so much. He's a greedy fuck, a tightwad, and an asshole in person.
-
So the last chicken my girl brought home grew up to be a rooster and now we need another coop and more chickens for Rooster number 2. She feeds them better than me but we get plenty of fresh eggs. I probably eat half a dozen a week.
-
You're a man that likes to suck dick.....weird shit happens. Maybe you consumed more free calories from jizz?
And your a dumb shit that believes everything you read on Getbig.
-
And your a dumb shit that believes everything you read on Getbig.
OK, Pot!
Signed,
Kettle
-
My point was, I believe the rapid fuel cost rise is almost as big, if not as big, as the printing of money as a driver of inflation.
Fuel costs drive everything.
We've had price escalations in the millions for projects currently under construction.
People forget that just because it doesn't affect you, that it doesn't affect the entire market.
The 3rd largest builder in my state just laid off 30% of its workforce.
I hope people are happy.
-
Annualized rate?
LOL
-
I bought 5 king beds for our new house back in 2021 and had them in storage during the build.
I get special pricing as we stay at the resort where we bought them from for 2.5k each. Buy one today and it’s 6k…….
Today a family member was talking about China and said they need us but we need them because who else will buy our minerals…… I said this is why you are going to be eating crickets.
Kind of perplexing to me that people think they will eat crickets whilst driving a Tesla each as if this is progress. Nobody seems to correlate eating crickets with life going massively backwards, I would think that would be the first connection one would make…..
-
Annualized rate?
LOL
And now about 20,000 highly paid leftists fucks in the tech world with high paying jobs just got shit canned at FTX, Meta, Twitter, etc. With Zillow and Redfin already announcing more. These incomes in the top 5-10% who along with the ones ahead of them in income, pay the majority of income tax. Enjoy waiting 3-6 months for that 1st $1200 monthly unemployment check, trying to tell your next boss you deserve to work from home and will except nothing less, and demand free breakfast and lunch. ::)