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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • Doctor PhibesD Offline
    Doctor PhibesD Offline
    Doctor Phibes
    wrote on last edited by
    #135

    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.

    I was only joking

    1 Reply Last reply
    • KlausK 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.

      LuFins DadL Offline
      LuFins DadL Offline
      LuFins Dad
      wrote on last edited by
      #136

      @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.

      The Brad

      1 Reply Last reply
      • HoraceH 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.

        KlausK Offline
        KlausK Offline
        Klaus
        wrote on last edited by
        #137

        @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.

        HoraceH 1 Reply Last reply
        • KlausK 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.

          HoraceH Online
          HoraceH Online
          Horace
          wrote on last edited by
          #138

          @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.

          Education is extremely important.

          1 Reply Last reply
          • 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
                    • 89th8 89th referenced this topic on
                    • JollyJ Jolly referenced this topic on
                    • 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 Away
                                MikM Away
                                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 Away
                                  MikM Away
                                  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 Away
                                        MikM Away
                                        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
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