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The New Coffee Room

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  3. Inflation

Inflation

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  • jon-nycJ jon-nyc

    @George-K said in Inflation:

    @Mik said in Inflation:

    @George-K perfect.

    Psaki actually had the (pardon the expression) balls to blame the surge in gas prices on the Ukrainian situation.

    Certainly that’s true of the rather significant jump in the last week

    George KG Offline
    George KG Offline
    George K
    wrote on last edited by George K
    #73

    @jon-nyc fair enough. A 60¢ rise in the last weeks.

    But that's still only ¼ the rise over the last 15 months.

    Screen Shot 2022-03-08 at 6.34.34 AM.png

    Seems like it was only two weeks ago that she was blaming the Ukraine shit for inflation.

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • George KG Offline
      George KG Offline
      George K
      wrote on last edited by
      #74

      Obama's economic advisor, Stephen Rattner:

      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

      1 Reply Last reply
      • jon-nycJ Offline
        jon-nycJ Offline
        jon-nyc
        wrote on last edited by
        #75

        Ratner’s right, but of course I’d say that because he’s making my point.

        But @George-K 15 months is a bit of a cherry pick since gas prices plummeted in Q220 due to covid

        Only non-witches get due process.

        • Cotton Mather, Salem Massachusetts, 1692
        1 Reply Last reply
        • George KG Offline
          George KG Offline
          George K
          wrote on last edited by
          #76

          @jon-nyc said in Inflation:

          Ratner’s right, but of course I’d say that because he’s making my point.

          But @George-K 15 months is a bit of a cherry pick since gas prices plummeted in Q220 due to covid

          Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.

          But to address your point as to "cherry-picking" the 5 year timeline is somewhat different (and we can ignore that "Putin spike" for the sake of discussion).

          Screen Shot 2022-03-10 at 6.46.43 PM.png

          The Trump peak is in May 2025 at about $3.00/gallon.

          The pre-Putin peak under the Biden administration is about $3.35, 10% higher. Inflation for the year is now 7.5%.

          As you know, gas prices are only one factor, and a major one, in the cost of living.

          I saw another chart today (correlation is not causation, of course) showing the rise of money available compared with inflation.

          Screen Shot 2022-03-10 at 6.53.18 PM.png

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

          jon-nycJ 1 Reply Last reply
          • LuFins DadL Offline
            LuFins DadL Offline
            LuFins Dad
            wrote on last edited by LuFins Dad
            #77

            The average gas price before COVID was at $2.54, Jon.

            Of course, it was over $3.20 over most of Obama's last 4 years...

            The Brad

            George KG 1 Reply Last reply
            • LuFins DadL LuFins Dad

              The average gas price before COVID was at $2.54, Jon.

              Of course, it was over $3.20 over most of Obama's last 4 years...

              George KG Offline
              George KG Offline
              George K
              wrote on last edited by
              #78

              @LuFins-Dad said in Inflation:

              Of course, it was over $3.20 over most of Obama's last 4 years...

              Screen Shot 2022-03-11 at 6.58.34 AM.png

              Screen Shot 2022-03-11 at 6.59.45 AM.png

              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

              1 Reply Last reply
              • 89th8 Offline
                89th8 Offline
                89th
                wrote on last edited by
                #79

                8cf7d781-0b4d-4db9-98cb-dc894832293d-image.png

                JollyJ 1 Reply Last reply
                • 89th8 Offline
                  89th8 Offline
                  89th
                  wrote on last edited by
                  #80

                  No doubt we will be setting all-time high records soon, but let's not forget the price has been between $3 and $4 bucks per gallon nearly half of the last 15 years.

                  Aqua LetiferA 1 Reply Last reply
                  • 89th8 89th

                    No doubt we will be setting all-time high records soon, but let's not forget the price has been between $3 and $4 bucks per gallon nearly half of the last 15 years.

                    Aqua LetiferA Offline
                    Aqua LetiferA Offline
                    Aqua Letifer
                    wrote on last edited by
                    #81

                    @89th said in Inflation:

                    No doubt we will be setting all-time high records soon, but let's not forget the price has been between $3 and $4 bucks per gallon nearly half of the last 15 years.

                    My guess is that has the potential to put the 70s oil crisis to shame.

                    But hey yeah, Biden, let's encourage everyone to return to the office!

                    Please love yourself.

                    LuFins DadL 1 Reply Last reply
                    • Aqua LetiferA Aqua Letifer

                      @89th said in Inflation:

                      No doubt we will be setting all-time high records soon, but let's not forget the price has been between $3 and $4 bucks per gallon nearly half of the last 15 years.

                      My guess is that has the potential to put the 70s oil crisis to shame.

                      But hey yeah, Biden, let's encourage everyone to return to the office!

                      LuFins DadL Offline
                      LuFins DadL Offline
                      LuFins Dad
                      wrote on last edited by
                      #82

                      @Aqua-Letifer said in Inflation:

                      @89th said in Inflation:

                      No doubt we will be setting all-time high records soon, but let's not forget the price has been between $3 and $4 bucks per gallon nearly half of the last 15 years.

                      My guess is that has the potential to put the 70s oil crisis to shame.

                      But hey yeah, Biden, let's encourage everyone to return to the office!

                      That’s a great idea! Hadn’t even considered that.

                      The Brad

                      1 Reply Last reply
                      • 89th8 89th

                        8cf7d781-0b4d-4db9-98cb-dc894832293d-image.png

                        JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #83

                        @89th said in Inflation:

                        8cf7d781-0b4d-4db9-98cb-dc894832293d-image.png

                        Don't go by all formulations. Most vehicles run on regular.

                        “Cry havoc and let slip the DOGE of war!”

                        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                        1 Reply Last reply
                        • George KG George K

                          IMG_1121.JPG

                          George KG Offline
                          George KG Offline
                          George K
                          wrote on last edited by
                          #84

                          @George-K said in Inflation:

                          IMG_1121.JPG

                          IMG_1144.JPG

                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                          1 Reply Last reply
                          • LarryL Offline
                            LarryL Offline
                            Larry
                            wrote on last edited by
                            #85

                            Don't blame me. I voted for Trump..

                            jon-nycJ 1 Reply Last reply
                            • LarryL Larry

                              Don't blame me. I voted for Trump..

                              jon-nycJ Offline
                              jon-nycJ Offline
                              jon-nyc
                              wrote on last edited by jon-nyc
                              #86

                              @Larry said in Inflation:

                              Don't blame me. I voted for Trump..

                              His Fed pick quadrupled the money supply. Don’t blame me, I voted for Hilary.

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
                              LarryL 1 Reply Last reply
                              • JollyJ Offline
                                JollyJ Offline
                                Jolly
                                wrote on last edited by
                                #87

                                Remind me again...on whose watch has record inflation occurred?

                                “Cry havoc and let slip the DOGE of war!”

                                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                1 Reply Last reply
                                • jon-nycJ jon-nyc

                                  @Larry said in Inflation:

                                  Don't blame me. I voted for Trump..

                                  His Fed pick quadrupled the money supply. Don’t blame me, I voted for Hilary.

                                  LarryL Offline
                                  LarryL Offline
                                  Larry
                                  wrote on last edited by
                                  #88

                                  @jon-nyc said in Inflation:

                                  @Larry said in Inflation:

                                  Don't blame me. I voted for Trump..

                                  His Fed pick quadrupled the money supply. Don’t blame me, I voted for Hilary.

                                  You voted for hillary?????

                                  BWAAAAAAAAAHAHAHAHAAAAAAAAAAAAAAAA!!!!!!

                                  1 Reply Last reply
                                  • George KG George K

                                    @jon-nyc said in Inflation:

                                    Ratner’s right, but of course I’d say that because he’s making my point.

                                    But @George-K 15 months is a bit of a cherry pick since gas prices plummeted in Q220 due to covid

                                    Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.

                                    But to address your point as to "cherry-picking" the 5 year timeline is somewhat different (and we can ignore that "Putin spike" for the sake of discussion).

                                    Screen Shot 2022-03-10 at 6.46.43 PM.png

                                    The Trump peak is in May 2025 at about $3.00/gallon.

                                    The pre-Putin peak under the Biden administration is about $3.35, 10% higher. Inflation for the year is now 7.5%.

                                    As you know, gas prices are only one factor, and a major one, in the cost of living.

                                    I saw another chart today (correlation is not causation, of course) showing the rise of money available compared with inflation.

                                    Screen Shot 2022-03-10 at 6.53.18 PM.png

                                    jon-nycJ Offline
                                    jon-nycJ Offline
                                    jon-nyc
                                    wrote on last edited by
                                    #89

                                    @George-K said in Inflation:

                                    Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.

                                    To some extent? Almost entirely. The vast majority of dollars that have ever existed were ‘printed’ during the Trump administration.

                                    ETA: of the ~21T dollars in existence, ~15T were printed on Trump’s watch.

                                    Only non-witches get due process.

                                    • Cotton Mather, Salem Massachusetts, 1692
                                    LarryL 1 Reply Last reply
                                    • jon-nycJ jon-nyc

                                      @George-K said in Inflation:

                                      Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.

                                      To some extent? Almost entirely. The vast majority of dollars that have ever existed were ‘printed’ during the Trump administration.

                                      ETA: of the ~21T dollars in existence, ~15T were printed on Trump’s watch.

                                      LarryL Offline
                                      LarryL Offline
                                      Larry
                                      wrote on last edited by Larry
                                      #90

                                      @jon-nyc said in Inflation:

                                      @George-K said in Inflation:

                                      Yes, and the rise in printed dollars antedates the Biden administration as well to some extent. I'm sure that didn't help.

                                      To some extent? Almost entirely. The vast majority of dollars that have ever existed were ‘printed’ during the Trump administration.

                                      ETA: of the ~21T dollars in existence, ~15T were printed on Trump’s watch.

                                      Oh bull shit. You actually want us to believe that the massive debt the democrats ran up wasn't connected ?

                                      There was a pandemic. The threat of a complete economic collapse was real. Money was thrown at it. Now - who was it that created most of the wild eyed bulls shit that drove that? Fucking democrats. Then who was it that wanted to keep on handing out money like candy even after it was determined the handouts were being wasted and weren't helping?? Fucking democrats. Yet you want to drop that all on Trump as if he was the bad guy. I refuse to believe you're that stupid.

                                      1 Reply Last reply
                                      • jon-nycJ Offline
                                        jon-nycJ Offline
                                        jon-nyc
                                        wrote on last edited by
                                        #91

                                        I’m not really “dropping it all on Trump” rather I’m exposing the facile partisan explanations in this thread.

                                        I talked more broadly about the causes of inflation in another thread about a week ago.

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        George KG 1 Reply Last reply
                                        • jon-nycJ jon-nyc

                                          I’m not really “dropping it all on Trump” rather I’m exposing the facile partisan explanations in this thread.

                                          I talked more broadly about the causes of inflation in another thread about a week ago.

                                          George KG Offline
                                          George KG Offline
                                          George K
                                          wrote on last edited by
                                          #92

                                          @jon-nyc interesting that the number of circulating dollars rose at a pretty slow pace until the pandemic really hit in spring of 2020. After that spike, however, the pace exceeds the historical rate of rise.

                                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                          jon-nycJ 1 Reply Last reply
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