Just a little inflation

[RED]

+.6% month over month. If it holds that for another 11 months, that adds up to 7.2% annually. Under Trump, in the three years prior to the China Flu, the CPI was 2.13% annually. But, if it would keep on growing at the same rate it has under Biden since February it will match Carter's at 15.6% annually.

Not to worry though. The prices on about everything will only double every 4.6 years. It's going to take a little more time to get up to the 2,000%/day levels of the Socialist/Communist utopias.

https://www.bls.gov/news.release/cpi.nr0.htm

[Roadkingtrax]

This is the Federal reserve and not the president, but if we follow your trail of crumbs...why didn't Trump demand higher interest rates in August of 2020 when the Fed sounded warnings of higher inflation and exceeded their targets of 2%?

It's because he's never been financially responsible for anything, and the country was just another casino to bankrupt.

We're living in the Trump economy Red...isn't it great? He purposely whined about 0% rates in the hopes of supercharging the economy and lasting just long enough to get him elected. He's all grasshopper and no ant.

[dryheat]

That was pretty good. But, there's been no inflation for eight years not four. What warnings did the Fed send? 2% is what they are shooing for now. Anything frightening now is "transitory" so they say. I think Trump threw money around, but the new guy has picked up the baton.
S.S. was invented when things were really getting scary. I'd like to see crazy deflation arm in arm with a whole lot less fiscal stimulus(maybe war with China. Of course war isn't what it used to be). Let's start over. Then the next guy can come up with Super Social Security. Super is the new cool adjective. Gas here went down .04 this week. Car gas.

[Sandpebble]

Well Red, pre pandemic I watched my business expenses rise 17% over 2 years

Every item I purchased for the business cost more , from vacuum bags to cleaning liquids, lets not even talk insurances or even non business related items { allright ... I'll give you the gasoline }

seemed a little like inflation to me

[rayg]

Your needle is stuck! You said this already about three times before and I had replied perhaps you were in the wrong business..

[Mark in Ottawa]

There is a general consensus that over the last year with lockdowns, slowdowns, business closures and the like, people have not been spending but have quite rationally been holding onto their money "just in case". Now that the economies all over the western world are starting to open up, the sense is that a lot of this hoarded money will now be spent and that consumer demand will increase significantly. This increased demand, at a time of decreased supply will push prices up. In addition, the incredible demand for larger homes as a result of the crowding caused by lockdowns and the resultant very high increases in the price of houses all over North America, will also push up the average inflation rate.

To a large extent, the presumption that consumers will spend has been factored into the stockmarket and has driven up the value of most investment portfolios so the economic news is not all bad. Of course, you have to own stocks to benefit from this.

On a personal basis, all the money that we expected to save by not travelling to Florida this past year went out the window when almost every major appliance that we owned failed, including our furnace, our refrigerator, our dehumidifier and even our electric kettle. I am expecting our air conditioner to fail any day now as it's making strange noises (and yes, even in Canada we need air conditioners. The humidex was 104F a few days ago)

[lyman]

Your needle is stuck! You said this already about three times before and I had replied perhaps you were in the wrong business..

- - - Updated - - -

There is a general consensus that over the last year with lockdowns, slowdowns, business closures and the like, people have not been spending but have quite rationally been holding onto their money "just in case". Now that the economies all over the western world are starting to open up, the sense is that a lot of this hoarded money will now be spent and that consumer demand will increase significantly. This increased demand, at a time of decreased supply will push prices up. In addition, the incredible demand for larger homes as a result of the crowding caused by lockdowns and the resultant very high increases in the price of houses all over North America, will also push up the average inflation rate.

To a large extent, the presumption that consumers will spend has been factored into the stockmarket and has driven up the value of most investment portfolios so the economic news is not all bad. Of course, you have to own stocks to benefit from this.

On a personal basis, all the money that we expected to save by not travelling to Florida this past year went out the window when almost every major appliance that we owned failed, including our furnace, our refrigerator, our dehumidifier and even our electric kettle. I am expecting our air conditioner to fail any day now as it's making strange noises (and yes, even in Canada we need air conditioners. The humidex was 104F a few days ago)

Mark,

here in Central VA, the housing market is going crazy, folks selling houses in a day or 2, and a lot with bidding wars up over asking,

firearm sales (not all cootie related) surged , and a lot of buyers commented that they were in fact spending stimulus money

[Sandpebble]

Your needle is stuck! You said this already about three times before and I had replied perhaps you were in the wrong business..

Wait a minute Ray ... forget the stuck needle and forget the wrong business ...

This thread was started by someone trying to imply that inflation is coming on now that we have a new establishment .

Ray , can you go back through your credit card , bank statements and billing records and honestly tell me you didn't see a real spike in your expenses after Trumps second year ??

{ ok ok ... apart from gasoline }

[BudT]

To many dollars chasing to few goods is a inflation factor. We see in ID the increase of property prices to a new level almost every day it's totally insane to watch people bidding against each other on a already inflated price on a house. Of course we live in fly over country and at our daily rate of growth we would be years and years before we could build enough to satisfy the demand. People are scratching for a motel room to live in until they can complete a house or find one to buy, and it's getting worse by the day. Seems as though lots of people like my neck of the woods now to the tune of 1,000 per day coming here to try and buy a piece of this sort of normal place. I'm very glad we moved here from Montana, ID is one of the last good places if you can afford it. We got to 100 yesterday and will probably do it again today and for the next few days but that beats 114 reported yesterday in a couple places in central Calif, and we have power for the AC to spare they don't in Calif. Thank you Gabin Newscum for all those conservative Republican voters, keep em coming. Time to go to the gun store and see whats new and interesting and maybe spend some more of that stimulus money.

[S.A. Boggs]

It doesn't matter when the cost of life started it just is and we need to adjust to it. What is going to happen when people have to start paying the rent/mortgage? More bad is coming down the pike and this will affect all to some degree. Instead of arguing as to who started the increase, how about sharing solutions on this forum as to how one can cope with the increases.
Sam

[Johnny P]

It is what it is, and not going to get better any time soon in spite of what we do. It will only get better with Joe Biden out of office. Kamala may have to take over before the next 3 1/2 years are up, and that would be even worse. Every few years the American voters have to elect a socialist democrat president to remind themselves why they shouldn't.

[blackhawknj]

On another board was a discussion of "shrinkflation" or what my mother called hidden inflation, same price, less product.
Hmmm, doesn't that describe government?

[BudT]

Green concept, less at the same price unless it's taxes then more is better. Demokrats invented the "tax and spend" long before they came up with the green new deal but they do work together very well with the one world government agenda the Dem/communists are pushing as hard as the cocaine dealers that work for them. Ya'll best be ready for the chit storms that are coming. In the real world inflation is not much more than a devaluing of the money and our money is nothing but fiat currency and really worthless. Unless your holding real constitutional currency you really have butt wipe for money, the Germans know this very well.