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The New Coffee Room

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  2. General Discussion
  3. Inflation

Inflation

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  • D Online
    D Online
    Doctor Phibes
    wrote on 12 Dec 2023, 19:14 last edited by
    #56

    So US inflation is at 3% and that's really bad, and China's is negative, and that's really bad too.

    What would be considered a good level?

    I was only joking

    L 1 Reply Last reply 12 Dec 2023, 19:41
    • D Doctor Phibes
      12 Dec 2023, 19:14

      So US inflation is at 3% and that's really bad, and China's is negative, and that's really bad too.

      What would be considered a good level?

      L Offline
      L Offline
      LuFins Dad
      wrote on 12 Dec 2023, 19:41 last edited by
      #57

      @Doctor-Phibes said in Inflation:

      So US inflation is at 3% and that's really bad, and China's is negative, and that's really bad too.

      What would be considered a good level?

      After 2 years of high inflation? We will need to see several years at 1-1.5%.

      The Brad

      D 1 Reply Last reply 12 Dec 2023, 22:07
      • J Offline
        J Offline
        Jolly
        wrote on 12 Dec 2023, 21:41 last edited by
        #58

        Case-in-point...At the beginning of Biden's term, the house note for a $400k home will now buy a $295k home...And homes are a bit more expensive than three years ago.

        That's inflation that people can relate to...

        “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
        • L LuFins Dad
          12 Dec 2023, 19:41

          @Doctor-Phibes said in Inflation:

          So US inflation is at 3% and that's really bad, and China's is negative, and that's really bad too.

          What would be considered a good level?

          After 2 years of high inflation? We will need to see several years at 1-1.5%.

          D Online
          D Online
          Doctor Phibes
          wrote on 12 Dec 2023, 22:07 last edited by
          #59

          @LuFins-Dad said in Inflation:

          @Doctor-Phibes said in Inflation:

          So US inflation is at 3% and that's really bad, and China's is negative, and that's really bad too.

          What would be considered a good level?

          After 2 years of high inflation? We will need to see several years at 1-1.5%.

          At one time 3% would have been considered really low. It’s really more important that we don’t have big fluctuations in my fairly untutored opinion, and that wages keep pace?

          I was only joking

          1 Reply Last reply
          • D Doctor Phibes
            12 Dec 2023, 18:35

            @LuFins-Dad said in Inflation:

            So things are still getting more expensive. Good to know.

            He's got it down lower than Reagan managed

            G Offline
            G Offline
            George K
            wrote on 12 Dec 2023, 22:08 last edited by
            #60

            @Doctor-Phibes said in Inflation:

            @LuFins-Dad said in Inflation:

            So things are still getting more expensive. Good to know.

            He's got it down lower than Reagan managed

            Absolute number? Yeah. Inflation has fallen from a high of 7.04% to 3.66%. About half.

            Decrease in rate? Under Reagan it fell from from 8.92% to 3.83%.

            https://www.macrotrends.net/2497/historical-inflation-rate-by-year

            Screenshot 2023-12-12 at 4.08.27 PM.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 Offline
              J Offline
              Jolly
              wrote on 12 Dec 2023, 23:36 last edited by
              #61

              And BTW, Ben Shapiro said on his last podcast that the employment numbers are a bit misleading. Job growth has occurred in three sectors - healthcare, government and hospitality. Hospitality is seasonal, of course. Other than that, most sectors have been flat or declining for eight months.

              “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
              • 8 Offline
                8 Offline
                89th
                wrote on 13 Dec 2023, 03:51 last edited by
                #62

                All I know is my wife said a few minutes ago to me that there is a good deal where a 12-pack of Diet Pepsi is 2 for $10 whereas normally it is $7-8 now. I told her I still think it's going to be $2.50-$3.99 whenever I go to the store. Then again, I still think there is a dollar menu at McD's.

                J 1 Reply Last reply 13 Dec 2023, 16:11
                • 8 89th
                  13 Dec 2023, 03:51

                  All I know is my wife said a few minutes ago to me that there is a good deal where a 12-pack of Diet Pepsi is 2 for $10 whereas normally it is $7-8 now. I told her I still think it's going to be $2.50-$3.99 whenever I go to the store. Then again, I still think there is a dollar menu at McD's.

                  J Online
                  J Online
                  jon-nyc
                  wrote on 13 Dec 2023, 16:11 last edited by
                  #63

                  @89th said in Inflation:

                  Then again, I still think there is a dollar menu at McD's.

                  There is. The choices are bbq, sweet and sour, or honey mustard sauce.

                  Only non-witches get due process.

                  • Cotton Mather, Salem Massachusetts, 1692
                  1 Reply Last reply
                  • G Offline
                    G Offline
                    George K
                    wrote on 15 Dec 2023, 02:04 last edited by
                    #64

                    Kevin's groceries:

                    GBSRNtzWUAAjlEX.jpeg

                    I looked at what was in his grocery cart and did an amazon fresh cart to compare.

                    It came to about $65 for this year, iirc.

                    Toy soldiers are expensive.

                    Politifact rates this meme as false.

                    I added up their numbers: $55.81. Add sales tax - $61.39.

                    So, yeah. The meme is false, but by Politi"fact"s own numbers it $15 more than last years.

                    The inflation calculator says that it should have cost $46.59.

                    Screenshot 2023-12-14 at 8.04.22 PM.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 Offline
                      J Offline
                      Jolly
                      wrote on 15 Dec 2023, 05:22 last edited by
                      #65

                      alt text

                      “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

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