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The New Coffee Room

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  3. Inflation

Inflation

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #139

    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.

    "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
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #140

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

      “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 Offline
        George KG Offline
        George K
        wrote on last edited by
        #141

        "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
          #142

          91INFLATION-587x600.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
          • JollyJ Offline
            JollyJ Offline
            Jolly
            wrote on last edited by
            #143

            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.
            alt text

            That ain't 9.1%.

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

            “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
            • JollyJ Jolly referenced this topic on
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            • George KG Offline
              George KG Offline
              George K
              wrote on last edited by
              #144

              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.

              "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
              • LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #145

                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

                The Brad

                1 Reply Last reply
                • JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #146

                  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.

                  “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
                  • JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote on last edited by
                    #147

                    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.

                    “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

                    MikM 1 Reply Last reply
                    • AxtremusA Offline
                      AxtremusA Offline
                      Axtremus
                      wrote on last edited by
                      #148

                      https://www.bls.gov/cpi/latest-numbers.htm

                      September 2022's CPI's headline number is +8.2%.

                      1 Reply Last reply
                      • JollyJ 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.

                        MikM Offline
                        MikM Offline
                        Mik
                        wrote on last edited by
                        #149

                        @Jolly said in Inflation:

                        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.

                        But I suspect it will be done selectively. They have for years built a biased organization. That will not be turned around easily.

                        Deep News.

                        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                        HoraceH 1 Reply Last reply
                        • MikM Offline
                          MikM Offline
                          Mik
                          wrote on last edited by
                          #150

                          As far as inflation, groceries are up between 25 and 50%.

                          “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                          1 Reply Last reply
                          • JollyJ Offline
                            JollyJ Offline
                            Jolly
                            wrote on last edited by
                            #151

                            Vote Demonrat.

                            “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
                            • MikM Mik

                              @Jolly said in Inflation:

                              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.

                              But I suspect it will be done selectively. They have for years built a biased organization. That will not be turned around easily.

                              Deep News.

                              HoraceH Online
                              HoraceH Online
                              Horace
                              wrote on last edited by
                              #152

                              @Mik said in Inflation:

                              @Jolly said in Inflation:

                              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.

                              But I suspect it will be done selectively. They have for years built a biased organization. That will not be turned around easily.

                              Deep News.

                              The indoctrinated masses feel, deep in their feeliest feels, that Republicans are an existential threat. Not sure how that becomes negotiable. These people may be permanently lost and broken when it comes to political affiliation.

                              Education is extremely important.

                              1 Reply Last reply
                              • MikM Offline
                                MikM Offline
                                Mik
                                wrote on last edited by Mik
                                #153

                                Well, I watched the Ohio US senate and house for my district debates in full. In both cases the GOP candidate won out over the opponent with facts. Both Dems stood up there and lied through their teeth.

                                “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                1 Reply Last reply
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #154

                                  "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
                                    #155

                                    Someone needs to DO something about this!

                                    joe_biden_inflation_1978.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
                                    • LuFins DadL Offline
                                      LuFins DadL Offline
                                      LuFins Dad
                                      wrote on last edited by
                                      #156

                                      So we’re a year in to this with no sign of relief.

                                      https://www.cnn.com/2022/10/13/business/fed-interest-rates-inflation-nightcap/index.html

                                      Last year our September numbers showed a 5% -6% increase, this year it’s 8%-9%. So over 2 years it’s what? 15%-17% now that inflation is stacking on top of inflation?

                                      The Brad

                                      1 Reply Last reply
                                      • MikM Offline
                                        MikM Offline
                                        Mik
                                        wrote on last edited by
                                        #157

                                        It's transitory, they said.

                                        Of course, transitory only means it won't stay where it was then. So it got worse.

                                        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                        1 Reply Last reply
                                        • LuFins DadL LuFins Dad

                                          Remember the Farm Bureau’s .14 cent 4th of July?

                                          They’re back…

                                          https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                                          LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #158

                                          @LuFins-Dad said in Inflation:

                                          Remember the Farm Bureau’s .14 cent 4th of July?

                                          They’re back…

                                          https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                                          Can’t wait to see this year’s number.

                                          The Brad

                                          George KG 1 Reply Last reply
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