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  3. Inflation

Inflation

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  • 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
                    • taiwan_girlT Offline
                      taiwan_girlT Offline
                      taiwan_girl
                      wrote on last edited by
                      #159

                      How is the inflation measured?

                      When they say that Sept was 8.2%, are they taking the month by month increase (or decrease) from the last 12 months and adding it together? So, a "rolling" 12 month average?

                      Or is it calculated differently?

                      LuFins DadL 1 Reply Last reply
                      • taiwan_girlT taiwan_girl

                        How is the inflation measured?

                        When they say that Sept was 8.2%, are they taking the month by month increase (or decrease) from the last 12 months and adding it together? So, a "rolling" 12 month average?

                        Or is it calculated differently?

                        LuFins DadL Offline
                        LuFins DadL Offline
                        LuFins Dad
                        wrote on last edited by
                        #160

                        @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                        The Brad

                        taiwan_girlT George KG 2 Replies Last reply
                        • LuFins DadL LuFins Dad

                          @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                          taiwan_girlT Offline
                          taiwan_girlT Offline
                          taiwan_girl
                          wrote on last edited by
                          #161

                          @LuFins-Dad Thanks!!!

                          1 Reply Last reply
                          • LuFins DadL LuFins Dad

                            @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                            George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #162

                            @LuFins-Dad said in Inflation:

                            @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                            Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                            Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                            Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                            "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.

                            Doctor PhibesD LuFins DadL 2 Replies Last reply
                            • George KG George K

                              @LuFins-Dad said in Inflation:

                              @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                              Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                              Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                              Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                              Doctor PhibesD Offline
                              Doctor PhibesD Offline
                              Doctor Phibes
                              wrote on last edited by
                              #163

                              @George-K said in Inflation:

                              @LuFins-Dad said in Inflation:

                              @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                              Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                              Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                              Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                              That would be hilarious if it wasn't so sad.

                              I was only joking

                              1 Reply Last reply
                              • George KG George K

                                @LuFins-Dad said in Inflation:

                                @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                LuFins DadL Offline
                                LuFins DadL Offline
                                LuFins Dad
                                wrote on last edited by
                                #164

                                @George-K said in Inflation:

                                @LuFins-Dad said in Inflation:

                                @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                July of 2021 had a lower CPI than September of 2021. Finding the actual CPI numbers goes beyond my simple Googlefu but I know that 8.2% increase ~5.5% is greater than 8.2% over 4.2%…

                                The Brad

                                Doctor PhibesD 1 Reply Last reply
                                • LuFins DadL LuFins Dad

                                  @George-K said in Inflation:

                                  @LuFins-Dad said in Inflation:

                                  @taiwan_girl they take the index for last September and compare it for this September and calculate the percentage increase/decrease.

                                  Unless you're POTUS, or the Speaker of the House, in which case you look at the July index and compare it to the June index and, because it's 8.2% in both, you say "Inflation is zero."

                                  Biden, Aug. 10: Before I begin today, I want to say a word about the news that came out today relative to the economy. Actually, I just want to say a number: zero. Today, we received news that our economy had 0% inflation in the month of July. Zero percent.

                                  Pelosi said at an Aug. 12 press conference: “As you see, inflation was zero for the past month, zero increase.”

                                  July of 2021 had a lower CPI than September of 2021. Finding the actual CPI numbers goes beyond my simple Googlefu but I know that 8.2% increase ~5.5% is greater than 8.2% over 4.2%…

                                  Doctor PhibesD Offline
                                  Doctor PhibesD Offline
                                  Doctor Phibes
                                  wrote on last edited by
                                  #165

                                  Biden and Pelosi seem to be unaware of the difference between an increase and an increase in rate of change.

                                  I was only joking

                                  HoraceH 1 Reply Last reply
                                  • Doctor PhibesD Doctor Phibes

                                    Biden and Pelosi seem to be unaware of the difference between an increase and an increase in rate of change.

                                    HoraceH Online
                                    HoraceH Online
                                    Horace
                                    wrote on last edited by
                                    #166

                                    @Doctor-Phibes said in Inflation:

                                    Biden and Pelosi seem to be unaware of the difference between an increase and an increase in rate of change.

                                    I suspect they are dumbing down the messaging so that people with circa 5th percentile critical thing skills will buy this story that makes their party look competent.

                                    Education is extremely important.

                                    1 Reply Last reply
                                    • jon-nycJ Offline
                                      jon-nycJ Offline
                                      jon-nyc
                                      wrote on last edited by
                                      #167

                                      It occurred to me that Herschel Walker's $700 check to his mistress for an abortion could actually help Republicans because it reminds Americans how much the price of an abortion has gone up.

                                      Only non-witches get due process.

                                      • Cotton Mather, Salem Massachusetts, 1692
                                      Doctor PhibesD 1 Reply Last reply
                                      • AxtremusA Offline
                                        AxtremusA Offline
                                        Axtremus
                                        wrote on last edited by
                                        #168

                                        https://www.cbsnews.com/news/irs-401k-contribution-limit-increasing-by-record/

                                        "The IRS on Friday said it is boosting the 2023 contribution limits for 401(k)s by a record $2,000 due to the high pace of inflation, which will allow workers to sock away more money in 2023.

                                        Individuals will be able to save up to $22,500 in their 401(k)s next year, an increase of 9.8% from the current year's limit of $20,500, the agency said in a statement. The new limit also applies to other types of defined contribution plans, including 403(b), most 457 plans and the federal government's Thrift Savings Plan."
                                        ...

                                        1 Reply Last reply
                                        • jon-nycJ jon-nyc

                                          It occurred to me that Herschel Walker's $700 check to his mistress for an abortion could actually help Republicans because it reminds Americans how much the price of an abortion has gone up.

                                          Doctor PhibesD Offline
                                          Doctor PhibesD Offline
                                          Doctor Phibes
                                          wrote on last edited by
                                          #169

                                          @jon-nyc said in Inflation:

                                          It occurred to me that Herschel Walker's $700 check to his mistress for an abortion could actually help Republicans because it reminds Americans how much the price of an abortion has gone up.

                                          The gas to drive your girlfriend out of State is going to cost more than that at the rate we're going.

                                          I was only joking

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