Inflation

[Klaus]

The idea of "lived experience" is very much associated with woke ideology, because it is so subjective and easy to manipulate.

Data can be presented in a manipulative way, but the data itself can only be one of two things: Correct or incorrect.

[Larry]

@Klaus said in Inflation:

The idea of "lived experience" is very much associated with woke ideology.

So.... 2 plus 2 equals 13 to your way of thinking.

[Klaus]

@Larry said in Inflation:

So.... 2 plus 2 equals 13 to your way of thinking.

No. That may be your "lived experience" of arithmetic. I prefer to go by the data, which suggests that the answer is 4.

[Larry]

@Klaus said in Inflation:

@Larry said in Inflation:

So.... 2 plus 2 equals 13 to your way of thinking.

No. That may be your "lived experience" of arithmetic. I prefer to go by the data, which suggests that the answer is 4.

Of course the answer is 4. But you just took two points that have nothing to do with each other, attempted to tie them together and give them equal value, and from their reach a conclusion that had nothing to do with anything. Here's the sad part - I believe that absent the input from morons like you, TG is intelligent enough to u derstand what is being said to her. I don't see you as being capable of such rational thinking.

[Klaus]

I had only one point: That your argument boils down to the "lived experience" idea - subjective experience trumps data - and that idea is BS. I also find it funny that "lived experience" is very much associated with progressive left-wing policy.

[Larry]

@Klaus said in Inflation:

I had only one point: That your argument boils down to the "lived experience" idea - subjective experience trumps data - and that idea is BS. I also find it funny that "lived experience" is very much associated with progressive left-wing policy.

Lived experience is NOT associated with progressive left wing policy. That's why I said you tried to add 2 plus 2 and say it equals 13. TG takes a flawed approach and tries to reach a rational conclusion, you just make shit up.

Now fuck off. You have no credibility to me.

[Horace]

Lived experience can be used to communicate a narrative, numbers can be used to communicate a narrative, both can be lied with, both can tell the truth. What Larry is not doing with his "lived experience" analog is claiming a unique ability to live a particular experience. In fact he's implying that it is the general case lived experience. The woke cudgel their political opponents with the claim that, unless you have a certain human phenotype, you cannot live certain experiences, and you need to shut up. This is why their usage is so wrong, because it denies the shared human experience. It's racism writ large, by morons.

[Doctor Phibes]

I've noticed that a number of my old school chums refer to attending 'The University of Life' on Facebook. At least a couple of them need to ask for their money back, IMHO.

[LuFins Dad]

@Klaus said in Inflation:

I had only one point: That your argument boils down to the "lived experience" idea - subjective experience trumps data - and that idea is BS. I also find it funny that "lived experience" is very much associated with progressive left-wing policy.

I agree except when I see actual data being manipulated. When I see formulas being changed and data and suppositions not being rigorously challenged and tested, then I have doubts about whether it’s really science. And in those situations, you unfortunately have to look for the subjective.

[Klaus]

@Horace said in Inflation:

Lived experience can be used to communicate a narrative, numbers can be used to communicate a narrative, both can be lied with, both can tell the truth. What Larry is not doing with his "lived experience" analog is claiming a unique ability to live a particular experience. In fact he's implying that it is the general case lived experience. The woke cudgel their political opponents with the claim that, unless you have a certain human phenotype, you cannot live certain experiences, and you need to shut up. This is why their usage is so wrong, because it denies the shared human experience. It's racism writ large, by morons.

I agree, but if it is a "general case lived experience" then you can also quantify it in the form of data.

[Horace]

@Klaus said in Inflation:

@Horace said in Inflation:

Lived experience can be used to communicate a narrative, numbers can be used to communicate a narrative, both can be lied with, both can tell the truth. What Larry is not doing with his "lived experience" analog is claiming a unique ability to live a particular experience. In fact he's implying that it is the general case lived experience. The woke cudgel their political opponents with the claim that, unless you have a certain human phenotype, you cannot live certain experiences, and you need to shut up. This is why their usage is so wrong, because it denies the shared human experience. It's racism writ large, by morons.

I agree, but if it is a "general case lived experience" then you can also quantify it in the form of data.

I don't think it would be too difficult to attach numbers to the average experience with inflation. You know, for those who make around 300k per year.

[George K]

9.1% announced today.

U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years, the Labor Department said Wednesday.

Investor expectations of slowing economic growth world-wide have led to a decline in commodity prices in recent weeks, including for oil, copper, wheat and corn, after those prices rose sharply following the Russian invasion of Ukraine. Retailers have warned of the need to discount goods, especially apparel and home goods, that are out of sync with customer preferences as spending shifts to services and away from goods, and consumers spend down elevated savings. Economists expect those developments to subdue price pressures in the coming months.

“There’s a pretty serious recession fear affecting a broad range of asset prices,” said Laura Rosner-Warburton, senior economist at MacroPolicy Perspectives.

[Jolly]

It's higher than that, and we all know it.

[George K]

[George K]

[Jolly]

When I first started buying this dog food a little over two years ago, it was $30/bag. Then it went to $32 about a year or so ago. Then, in the last ten months or less, it went to $38. Then $42. Today, it's $50.

That ain't 9.1%.

And it's the same for meat, milk, eggs, flour. gas, diesel, car parts, etc.

[George K]

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

The Producer Price Index for final demand increased 1.1 percent in June, seasonally adjusted, the
U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in
May and 0.4 percent in April. (See table A.) On an unadjusted basis, final demand prices moved
up 11.3 percent for the 12 months ended in June, the largest increase since a record 11.6-percent
jump in March 2022.

In June, three-fourths of the advance in the index for final demand was due to a 2.4-percent rise
in prices for final demand goods. The index for final demand services increased 0.4 percent.

[LuFins Dad]

Holy crap - CNN -

(CNN)The White House has been so wrong, so often, on inflation

https://www.cnn.com/2022/07/14/politics/democrats-frustrated-biden-inflation-2022/index.html

[Jolly]

Nothing new. Dems are scared and they've come to the conclusion that The Resident is dragging them down. He's the lamest of lame ducks. So, they've decided to start criticizing him, in two-fold strategy:

1. To create some daylight between the White House and all those guys running for the House and the Senate.
2. To make sure Biden does not run in 2024, and encourage other Dems to start the process of a Presidential run (interest, organizations, vetting, money).

IMO, of course.

[Jolly]

And another thought...The new guys at CNN swear they are going to become the middle ground in news reporting. Right now, they're losing viewers, but are hoping to turn things around as their reputation improves.

I wish them well.