Inflation
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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.
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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.
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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.
That ain't 9.1%.
And it's the same for meat, milk, eggs, flour. gas, diesel, car parts, etc.
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J Jolly referenced this topic on
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8 89th referenced this topic on
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J Jolly referenced this topic on
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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. -
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
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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:
- To create some daylight between the White House and all those guys running for the House and the Senate.
- 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.
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Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
https://www.bls.gov/cpi/latest-numbers.htm
September 2022's CPI's headline number is +8.2%.
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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.
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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.
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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?
