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  3. Inflation to be "Extraordinarily Elevated" due to Putin's price hike.

Inflation to be "Extraordinarily Elevated" due to Putin's price hike.

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  • G Offline
    G Offline
    George K
    wrote on 12 Apr 2022, 12:54 last edited by
    #7

    8.5%

    https://www.bls.gov

    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).

    FQJOk8SWYAU0kj_ copy.jpeg

    "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
    • L Offline
      L Offline
      LuFins Dad
      wrote on 12 Apr 2022, 13:03 last edited by LuFins Dad 4 Dec 2022, 13:06
      #8

      That’s not Putin. That’s the inflationary trend we’ve been watching for the past year.

      The Brad

      1 Reply Last reply
      • D Offline
        D Offline
        Doctor Phibes
        wrote on 12 Apr 2022, 13:22 last edited by
        #9

        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

        G 1 Reply Last reply 12 Apr 2022, 13:39
        • J Offline
          J Offline
          Jolly
          wrote on 12 Apr 2022, 13:30 last edited by
          #10

          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

          D 1 Reply Last reply 12 Apr 2022, 13:44
          • D Doctor Phibes
            12 Apr 2022, 13:22

            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.

            G Offline
            G Offline
            George K
            wrote on 12 Apr 2022, 13:39 last edited by
            #11

            @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.

            FNgXLIJVUBEVdLr.jpeg

            If they need something to blame this has a lot more to do with the pandemic than Putin.

            image.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
            • J Jolly
              12 Apr 2022, 13:30

              The pandemic is over. Ain't you paying attention?

              D Offline
              D Offline
              Doctor Phibes
              wrote on 12 Apr 2022, 13:44 last edited by Doctor Phibes 4 Dec 2022, 13:45
              #12

              @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.

              I was only joking

              G 1 Reply Last reply 12 Apr 2022, 13:48
              • D Doctor Phibes
                12 Apr 2022, 13:44

                @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.

                G Offline
                G Offline
                George K
                wrote on 12 Apr 2022, 13:48 last edited by
                #13

                @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?

                "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.

                D 1 Reply Last reply 12 Apr 2022, 13:56
                • G George K
                  12 Apr 2022, 13:48

                  @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?

                  D Offline
                  D Offline
                  Doctor Phibes
                  wrote on 12 Apr 2022, 13:56 last edited by
                  #14

                  @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

                  G 1 Reply Last reply 12 Apr 2022, 14:15
                  • KlausK Offline
                    KlausK Offline
                    Klaus
                    wrote on 12 Apr 2022, 14:11 last edited by
                    #15

                    Interestingly, inflation is WAY lower in Japan.

                    I shifted a few investments there.

                    L HoraceH 2 Replies Last reply 12 Apr 2022, 14:35
                    • D Doctor Phibes
                      12 Apr 2022, 13:56

                      @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.

                      G Offline
                      G Offline
                      George K
                      wrote on 12 Apr 2022, 14:15 last edited by
                      #16

                      @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.

                      89th8 L 2 Replies Last reply 12 Apr 2022, 23:37
                      • KlausK Klaus
                        12 Apr 2022, 14:11

                        Interestingly, inflation is WAY lower in Japan.

                        I shifted a few investments there.

                        L Offline
                        L Offline
                        LuFins Dad
                        wrote on 12 Apr 2022, 14:35 last edited by
                        #17

                        @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.

                        The Brad

                        1 Reply Last reply
                        • KlausK Klaus
                          12 Apr 2022, 14:11

                          Interestingly, inflation is WAY lower in Japan.

                          I shifted a few investments there.

                          HoraceH Offline
                          HoraceH Offline
                          Horace
                          wrote on 12 Apr 2022, 15:07 last edited by
                          #18

                          @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?

                          Education is extremely important.

                          KlausK 1 Reply Last reply 12 Apr 2022, 15:12
                          • HoraceH Horace
                            12 Apr 2022, 15:07

                            @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?

                            KlausK Offline
                            KlausK Offline
                            Klaus
                            wrote on 12 Apr 2022, 15:12 last edited by
                            #19

                            @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!

                            1 Reply Last reply
                            • AxtremusA Offline
                              AxtremusA Offline
                              Axtremus
                              wrote on 12 Apr 2022, 15:17 last edited by
                              #20

                              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:

                              LarryL 1 Reply Last reply 11 May 2022, 02:14
                              • G George K
                                12 Apr 2022, 14:15

                                @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."

                                89th8 Offline
                                89th8 Offline
                                89th
                                wrote on 12 Apr 2022, 23:37 last edited by
                                #21

                                @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.:

                                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."

                                Yes inflation is 2020/pandemic driven, mostly. Also, global. The only way to stop it now in the US now is to hike rates and kill the economy. While this ties in this @xenon ’s recent thread, Biden knows it’ll also kill the Democratic Party for a good 4-10 years. I call that a win win btw, @Larry and @Jolly despite what you think of me lol

                                L 1 Reply Last reply 13 Apr 2022, 12:56
                                • 89th8 89th
                                  12 Apr 2022, 23:37

                                  @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.:

                                  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."

                                  Yes inflation is 2020/pandemic driven, mostly. Also, global. The only way to stop it now in the US now is to hike rates and kill the economy. While this ties in this @xenon ’s recent thread, Biden knows it’ll also kill the Democratic Party for a good 4-10 years. I call that a win win btw, @Larry and @Jolly despite what you think of me lol

                                  L Offline
                                  L Offline
                                  LuFins Dad
                                  wrote on 13 Apr 2022, 12:56 last edited by
                                  #22

                                  @89th said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

                                  @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.:

                                  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."

                                  Yes inflation is 2020/pandemic driven, mostly. Also, global. The only way to stop it now in the US now is to hike rates and kill the economy. While this ties in this @xenon ’s recent thread, Biden knows it’ll also kill the Democratic Party for a good 4-10 years. I call that a win win btw, @Larry and @Jolly despite what you think of me lol

                                  BS, @89th Yes, there is inflation everywhere, but the EU’s rate is almost half of the US. If the Pandemic was the only driver, then inflation would be more similar instead of the US rate being twice the rest of the world. In addition, part of the cause of the EU inflation IS US inflation. Sorry for the US Centric view, but in a global economy when the largest economy in the world has a problem, the rest of the world feels it, too.

                                  Also, some of the causes do go back to the Trump Administration and I do firmly put some of the blame on them (more on Congress, though), but the last thing we needed at this point was an administration that has tried to keep the pedal down on the spending while 1) laughing and dismissing inflation then 2) blaming the private sector for “profiteering” then 3) saying it’s an opportunity and finally 4) blame Putin. If this was a Putin issue, the inflation would be higher in the EU than the US.

                                  The Brad

                                  1 Reply Last reply
                                  • G George K
                                    12 Apr 2022, 14:15

                                    @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."

                                    L Offline
                                    L Offline
                                    LuFins Dad
                                    wrote on 13 Apr 2022, 12:58 last edited by
                                    #23

                                    @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.:

                                    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."

                                    Why slow it? Our National Debt just went down effectively 5%!

                                    The Brad

                                    1 Reply Last reply
                                    • J Offline
                                      J Offline
                                      Jolly
                                      wrote on 13 Apr 2022, 14:07 last edited by
                                      #24

                                      BTW, by 1980's standards, our inflation for The Resident's time in office exceeds 14%.

                                      You know you're in trouble when Al Sharpton starts complaining about "limousine liberals" in Washington not having any sympathy for what inflation is doing to the average guy on the street. ..

                                      “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
                                      • G Offline
                                        G Offline
                                        George K
                                        wrote on 10 May 2022, 21:01 last edited by
                                        #25

                                        Biden speaks on inflation.

                                        Here's the plan.

                                        "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
                                        • MikM Offline
                                          MikM Offline
                                          Mik
                                          wrote on 10 May 2022, 22:23 last edited by
                                          #26

                                          😆

                                          "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

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