Inflation of common items since 2021

[PWMDMD]

Here is a question though:

is the economy ever good? 99.99% of the time it's reported as being terrible (it seems). Non-stop doom and gloom. It sells. We were supposed to have a recession, the dollar was supposed to collapse, and gold was going to skyrocket. Since 2010 economists have been wrong about all of this. I'm not saying it's good or bad. I'll say it simply depends on what you do and where you live.

And if we had a R president, I GUARANTEE the same people talking down about the economy would be bragging about it. I 100% guarantee that would be the case.

Reality as I see it, we are still better off than most of the world, including advanced economies. But yes, we have problems....who doesn't?

And right now we're caught between a rock and hard place with this next election cycle.....

A very reasonable assessment IMO.

 

[Pablo]

Here is a question though:

is the economy ever good? 99.99% of the time it's reported as being terrible (it seems). Non-stop doom and gloom. It sells. We were supposed to have a recession, the dollar was supposed to collapse, and gold was going to skyrocket. Since 2010 economists have been wrong about all of this. I'm not saying it's good or bad. I'll say it simply depends on what you do and where you live.

And if we had a R president, I GUARANTEE the same people talking down about the economy would be bragging about it. I 100% guarantee that would be the case.

Reality as I see it, we are still better off than most of the world, including advanced economies. But yes, we have problems....who doesn't?

And right now we're caught between a rock and hard place with this next election cycle.....

The difference is 80-20 rule in the pop press. 80% of the current press (NBCNNABCBS) roots for one side only........just as you state, if someone else in office THEY would be saying bad things...........

As I stated last week(?) I see sales slow a bit..............on various things...........now is this a predictor or just a reaction?? Dunno.

 

[PWMDMD]

The difference is 80-20 rule in the pop press. 80% of the current press (NBCNNABCBS) roots for one side only........just as you state, if someone else in office THEY would be saying bad things...........

As I stated last week(?) I see sales slow a bit..............on various things...........now is this a predictor or just a reaction?? Dunno.

I will agree with you if you add Fox News, NewsMax, etc to your list. I will sometimes listen to both MSNBC/CNN and Fox News/NewsMax and if you can't see it's just as much rah rah rah for my side nonsense with absolutely no objectivity, you aren't paying attention, or you have an axe to grind and like being told what you already believe. To be clear, I'm being just as critical of MSNBC/CNN.

 

[4WD]

The difference is 80-20 rule in the pop press. 80% of the current press (NBCNNABCBS) roots for one side only........just as you state, if someone else in office THEY would be saying bad things...........

As I stated last week(?) I see sales slow a bit..............on various things...........now is this a predictor or just a reaction?? Dunno.

That’s just TV - try search engines - the worst in thought spinners …

 

[Pablo]

I will agree with you if you add Fox News, NewsMax, etc to your list. I will sometimes listen to both MSNBC/CNN and Fox News/NewsMax and if you can't see it's just as much rah rah rah for my side nonsense with absolutely no objectivity, you aren't paying attention, or you have an axe to grind and like being told what you already believe. To be clear, I'm being just as critical of MSNBC/CNN.

Pretty much why I don't listen to any of those purposefully

I do hear the top of the hour news on various radio stations. Usually ABC or CBS. Agree, the word choice, the dripping intonation. I stupidly ask myself "Why do they have to read the news like that?" But just as you state, to rah-rah the intended audience (and probably to tee off others). And they have the gall to ask "Where did all this polarization come from?" Hahahahahaa

I like the tact of the WSJ. Yet the CNN crowd hates them.........must be doing something right!!

 

[4WD]

Pretty much why I don't listen to any of those purposefully

I do hear the top of the hour news on various radio stations. Usually ABC or CBS. Agree, the word choice, the dripping intonation. I stupidly ask myself "Why do they have to read the news like that?" But just as you state, to rah-rah the intended audience (and probably to tee off others). And they have the gall to ask "Where did all this polarization come from?" Hahahahahaa

I like the tact of the WSJ. Yet the CNN crowd hates them.........must be doing something right!!

Be aware of the parent company these days - many from

 

[4WD]

You’re doing well right now but what happens if you and your wife lose your jobs and money gets tight ?

People don’t expect to lose their job and face major financial stress.
Kids asking why the refrigerator is empty…
Kids asking why a tow truck taking away mom’s mini van….

No job is safe. I know a manager with 33 years at a hospital and he was let go due to budget cuts.
They were a top performer every year, all star employee.

Daily Job Cuts .com
https://www.dailyjobcuts.com/

If you read a WARN report it will list the various jobs from A - Z that were cut.

*** Edit ***
BTW, I’m not attacking you just be aware that a cascading economic effect can occur unexpectedly…. in any career field or industry.

They turn to the bank of dad … (when possible) …

 

[4WD]

Here is a question though:

is the economy ever good? 99.99% of the time it's reported as being terrible (it seems). Non-stop doom and gloom. It sells. We were supposed to have a recession, the dollar was supposed to collapse, and gold was going to skyrocket. Since 2010 economists have been wrong about all of this. I'm not saying it's good or bad. I'll say it simply depends on what you do and where you live.

And if we had a R president, I GUARANTEE the same people talking down about the economy would be bragging about it. I 100% guarantee that would be the case.

Reality as I see it, we are still better off than most of the world, including advanced economies. But yes, we have problems....who doesn't?

And right now we're caught between a rock and hard place with this next election cycle.....

Regardless of who, what, and why - we have dealt with staggering inflation - a vicious circle of debt creation …
So, can that continue?

 

[PWMDMD]

Regardless of who, what, and why - we have dealt with staggering inflation - a vicious circle of debt creation …
So, can that continue?

The problem is inflation is a red herring and it's all everyone is talking about and it keeps most people from focusing on the real issue - overspending and easy monetary policy. We will have times of hyperinflation, it's just a fact, and while it has real effects on real people, we just spent two decades with zero interest rates and low inflation compared to 18 months with moderate inflation that came under reasonable control quickly and "normal" interest rates. However, inflation is the effect and not the cause. We've been overspending and had an easy monetary policy for decades, not 18 months, perpetuated by both sides of the aisle, and here we are all arguing over what is inarguably an inevitable fact of life from time to time, short-duration hyperinflation. We will get inflation under control but there is no evidence we will get overspending under control.

 

[4WD]

The problem is inflation is a red herring and it's all everyone is talking about and it keeps most people from focusing on the real issue - overspending and easy monetary policy. We will have times of hyperinflation, it's just a fact, and while it has real effects on real people, we just spent two decades with zero interest rates and low inflation compared to 18 months with moderate inflation that came under reasonable control quickly and "normal" interest rates. However, inflation is the effect and not the cause. We've been overspending and had an easy monetary policy for decades, not 18 months, perpetuated by both sides of the aisle, and here we are all arguing over what is inarguably an inevitable fact of life from time to time, short-duration hyperinflation. We will get inflation under control but there is no evidence we will get overspending under control.

Ok

 

[SC Maintenance]

zero interest rates and low inflation

There was actually massive inflation in areas - like risk assets, college educations, and auto's. It appeared like no inflation because you could finance it at record low rates, or in things like health insurance, employers or the government paid in most cases.

Then rates normalized, and here we are.

 

[buster]

It's just the nature of the beast/system IMO. It's not a on/off button like many wish. It's just not how it works. Both parties have done a terrible job reigning in spending. The Fed is also a problem.

 

[SC Maintenance]

I will agree with you if you add Fox News, NewsMax, etc to your list. I will sometimes listen to both MSNBC/CNN and Fox News/NewsMax and if you can't see it's just as much rah rah rah for my side nonsense with absolutely no objectivity, you aren't paying attention, or you have an axe to grind and like being told what you already believe. To be clear, I'm being just as critical of MSNBC/CNN.

There all propaganda, so I don't waste my time. Proof is in the delivery. They will spend one minute telling you what to believe. Not explaining any of the why.

There are a ton of reputable economists and traders publishing information for free or virtually free on places like X, Youtube, and Spotify - where they go through the data and there thought pattern giving you the information you need to agree or disagree. I am not sure why anyone would spend one minute on any mainstream media channel.

For sure there are flakes there to, but when you have people like Dr. Lacy Hunt - fed economist for like 40 years, or David Rosenburg, or all kinds of credible people sharing there thoughts for almost free, there really is no excuse to be uneducated anymore. I used to be. Now I realize how little I know.

 

[PWMDMD]

There was actually massive inflation in areas - like risk assets, college educations, and auto's. It appeared like no inflation because you could finance it at record low rates, or in things like health insurance, employers or the government paid in most cases.

Then rates normalized, and here we are.

Well...low inflation according to the ol' basket of goods and services. Just attempting to keep it then and now apples to apples...

 

[dubber09]

They changed the way they calculate inflation after mid '80s I think, so it seems 'officially' lower than if calculated by original method.
If you understand the long term goal then it becomes clear where we are going. The plan was and is: de-coupling from precious metals>inflation>hyper inflation>removing property rights. With latest development last part morphed toward CBDCs with their ability to program what CBDCs can be spent on, how much, and expiry of unused funds basically not allowing to save for future thus 'you will own nothing' agenda. Next big thing they are planning is 'climate emergency' where I just guess they will limit travel e.g. flights and basic long distance travel to minimum as one such measure. There are talks about making it illegal to own gold/silver again too.
Thing is 'money' bills is not money, money is actually goods/property that one can sell freely and easily or to exchange for other goods. Gold is money, house is money, bottle of alcohol is money, that's why they retain value; dollar bills is not money.

 

[eljefino]

There was a "new economics" theory at the time, which stated that increasing the money supply would not automatically lead to increased inflation.

Well if they print money and hand it to rich people, they sit on it, and it doesn't do the economy a whole lot of good.

The working class has money and they're furiously spending it on each other. "Velocity of a dollar" it's called. That money still eventually winds up in stocks and real estate, both of which are doing well, both of which are held by the well off and very rich. It's just taking a little more time to get there than some other times.

This thread can be summed up by "Waaah, they're printing more money, and I'm not getting my fair share."

 

[Dave Hess]

Older affluent folks not affected by inflation the way it’s hurting other people.

 

[Dave Hess]

They turn to the bank of dad … (when possible) …

You are correct.

 

[PWMDMD]

They changed the way they calculate inflation after mid '80s I think, so it seems 'officially' lower than if calculated by original method.
If you understand the long term goal then it becomes clear where we are going. The plan was and is: de-coupling from precious metals>inflation>hyper inflation>removing property rights. With latest development last part morphed toward CBDCs with their ability to program what CBDCs can be spent on, how much, and expiry of unused funds basically not allowing to save for future thus 'you will own nothing' agenda. Next big thing they are planning is 'climate emergency' where I just guess they will limit travel e.g. flights and basic long distance travel to minimum as one such measure. There are talks about making it illegal to own gold/silver again too.
Thing is 'money' bills is not money, money is actually goods/property that one can sell freely and easily or to exchange for other goods. Gold is money, house is money, bottle of alcohol is money, that's why they retain value; dollar bills is not money.

The BLS changes CPI periodically but the changes are well documented for everyone to view. They also will go back and restate previous inflation numbers using the new method so that all numbers can be compared.

 

[NormanBuntz]

Bought some 40 lb. bags of Sun Gems water softener crystals today. Three years ago a bag was less than $7.00. Now $10.47 at Home Depot--a 50% increase in three years. More than most other items I've seen.