Inflation to be "Extraordinarily Elevated" due to Putin's price hike.
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How bad is it when the administration says it's going to be bad before the actual announcement?
Link to videoBuckle up, buttercup.
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Reminder… 7.5% Bidenflation and increasing before Russia invaded China.
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On March 31, Mrs George and I went through a local drive-thru for dinner (it was late, and I didn't feel like cooking).
She had a hamburger (no cheese).
We shared a large fry.
I had a garden salad with Caesar dressing.$13.35
One week later, the same meal was $14.46.
Inflation, it's real, and it's spectacular.
By the way, their online menu has this totaling $9.87 plus tax.
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On March 31, Mrs George and I went through a local drive-thru for dinner (it was late, and I didn't feel like cooking).
She had a hamburger (no cheese).
We shared a large fry.
I had a garden salad with Caesar dressing.$13.35
One week later, the same meal was $14.46.
Inflation, it's real, and it's spectacular.
By the way, their online menu has this totaling $9.87 plus tax.
@George-K said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
On March 31, Mrs George and I went through a local drive-thru for dinner (it was late, and I didn't feel like cooking).
She had a hamburger (no cheese).
We shared a large fry.
I had a garden salad with Caesar dressing.$13.35
One week later, the same meal was $14.46.
Inflation, it's real, and it's spectacular.
By the way, their online menu has this totaling $9.87 plus tax.
You know, Karla’s been getting hesitant about a few of the extras we’re spending on this vacation next month and is considering cutting some corners on the trip. My response? The extra $$$$ we save won’t make a difference if we do get tight next year and we may as well spend it while it’s worth something…
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8.5%
In March, the Consumer Price Index for All Urban Consumers rose 1.2 percent, seasonally adjusted, and rose 8.5 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in March (SA); up 6.5 percent over the year (NSA).
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That’s not Putin. That’s the inflationary trend we’ve been watching for the past year.
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I don't know why they aren't more honest. If they need something to blame this has a lot more to do with the pandemic than Putin.
I was only joking
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The pandemic is over. Ain't you paying attention?
“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
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I don't know why they aren't more honest. If they need something to blame this has a lot more to do with the pandemic than Putin.
@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
I don't know why they aren't more honest.
Silly Phibes, they're politicians. It's in their blood to lie and divert.
If they need something to blame this has a lot more to do with the pandemic than Putin.
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@Jolly said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
The pandemic is over. Ain't you paying attention?
Even if it were, which obviously it isn't, the inflation is the result of stuff that started happening in 2020. Some of Biden's policies clearly haven't helped, but this is a global phenomenon.
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@Jolly said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
The pandemic is over. Ain't you paying attention?
Even if it were, which obviously it isn't, the inflation is the result of stuff that started happening in 2020. Some of Biden's policies clearly haven't helped, but this is a global phenomenon.
@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
Even if it were, which obviously it isn't, the inflation is the result of stuff that started happening in 2020.
Yes, that's what @jon-nyc has pointed out. So, what's the current administration done since they took control to stop it?
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@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
Even if it were, which obviously it isn't, the inflation is the result of stuff that started happening in 2020.
Yes, that's what @jon-nyc has pointed out. So, what's the current administration done since they took control to stop it?
@George-K said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
Even if it were, which obviously it isn't, the inflation is the result of stuff that started happening in 2020.
Yes, that's what @jon-nyc has pointed out. So, what's the current administration done since they took control to stop it?
Anything they do that actually slows inflation is likely to be very unpopular with pretty much everybody. Much easier to blame Putin.
I was only joking
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Interestingly, inflation is WAY lower in Japan.
I shifted a few investments there.
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@George-K said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
Even if it were, which obviously it isn't, the inflation is the result of stuff that started happening in 2020.
Yes, that's what @jon-nyc has pointed out. So, what's the current administration done since they took control to stop it?
Anything they do that actually slows inflation is likely to be very unpopular with pretty much everybody. Much easier to blame Putin.
@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
Anything they do that actually slows inflation is likely to be very unpopular with pretty much everybody. Much easier to blame Putin.
To paraphrase a saying. "It's gonna hurt. The only question is whether it's gonna hurt a lot now, or hurt a lot MORE later."
"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.
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@Klaus said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
Interestingly, inflation is WAY lower in Japan.
I shifted a few investments there.
I would do the opposite.
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@Klaus said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
Interestingly, inflation is WAY lower in Japan.
I shifted a few investments there.
Isn't that the place where the stock market hasn't gone up in a couple generations?
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@Klaus said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
Interestingly, inflation is WAY lower in Japan.
I shifted a few investments there.
Isn't that the place where the stock market hasn't gone up in a couple generations?
@Horace said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
@Klaus said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:
Interestingly, inflation is WAY lower in Japan.
I shifted a few investments there.
Isn't that the place where the stock market hasn't gone up in a couple generations?
Which is exactly why it will now!
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Just local observations … yeah, March’s inflation numbers will look bad when reported in April, but just by looking at grocery and gasoline prices, it looks like they are coming down lately. Deals and discounts are back in groceriy stores, and most gas stations have dialed gasoline prices back down. :man-shrugging:
