I think you’re pulling my leg. You buy groceries lately? Or pay for services anywhere? Have you dined out?
Did you even bother to open the link and see for yourself that the average national price in summer 2008 was the same today?
I could ask you if you bothered to answer my questions?
Just to keep it polite here
you and I simply disagree on the trajectory of inflation.
Cheers.
No I don't. I simply pointed out that gasoline is the same price as 15 years ago.
To your point, yes, other goods and services have increased. So has real median income and most assets. Social security benefits have icreased. And now, even my idle cash is making money.
Inflation is no longer accelerating.
I agree that it's no longer accelerating. I'm not sure it can't rapidly increase.
I also agree that people complain about
gasoline prices when in actuality the price is very cheap given what it takes
to drill for oil, process it, and deliver gas to the pump for my convenience.
Cheers!
"Poets are the unacknowledged legislators of the world." PBShelley
Fifteen months ago we heard how terrible it was going to be for the Europeans, that millions would be freezing to death because they can't afford gas to heat their homes.
That fear mongering narrative is now silent. What happened?
@cohodk said:
Fifteen months ago we heard how terrible it was going to be for the Europeans, that millions would be freezing to death because they can't afford gas to heat their homes.
That fear mongering narrative is now silent. What happened?
Fifteen months ago we heard how terrible it was going to be for the Europeans, that millions would be freezing to death because they can't afford gas to heat their homes.
Natgas from the US conveniently found another big market. And their factories went on furlough. Now Germany is in recession.
Q: Are You Printing Money? Bernanke: Not Literally
You complained about inflation now let me guess you are going to start complaining about deflation? Which is it man?? Something other than the destruction of 'merica has to float your boat??? Let us know. THKS!
Lower prices are great, especially since wages do not get reduced as well. Wages tend to go only up, but only when a while after the cost of living goes up.
@Goldminers said:
Inflation and debt are a little like blowing up a balloon. Slowly it grows larger and larger. At some point it even looks like it is not getting much larger, even with tiny increases, but the pressure keeps building, until it finally pops.
Not as long as more money is printed to support it. The good news is that what ever was financed becomes worth more over time.
"In other words, the rate seemed lower than it actually was because the base was higher in May 2022. Things were getting more expensive but more expensive at a slower rate than the previous year. Only in Washington is this good news."
...but a lot of restaurants pay good money to print formal menus. Should they pay to print new menus every month or so to adapt to their input price increases, or at no cost to them just add the upcharge to your receipt? Anyone who thinks "stable prices" as defined by the fed can mean 2%, 3%, 4%, etc., is delusional. It is also possibly illegal based on their charter, but there are very few politicians that will call this out. Stable prices means as close to no change over time as possible. Reality suggests that even very slight deflation is normal and even desirable due to productivity gains.
@derryb said:
When we start inflating inflation then we have inflation inflation. And we then tax this new tax for inflation? LOL
"Due to the uncertainty of inflation, I have to leave a 15% tip rather than my usual 20% tip."
Just make sure your waiter/waitress knows the reason.
Not that the establishment would care since 1987.
We have a place here that adds 18% gratuity on a table of six or more.
Problem is they don't say so you have to read your bill to find out.
How many people just pay and tip without looking over the bill?
This was on a dinner out with two other couples.
3 couples at the same table, SEPARATE CHECKS still constitutes as a table of 6.
Each couple was billed an extra 18% gratuity.
2 of the 3 didn't catch it on the bill.
@derryb said:
When we start inflating inflation then we have inflation inflation. And we then tax this new tax for inflation? LOL
Looks to me like somebody Voluntarily bought, and presumably paid for, about $7.75 worth of Food and Beverage, and some $50+ worth of Service, (and, hopefully, significant Ambiance 😀)
It was costly in life and limb to those who fought to obtain it and those who fought to keep it. Today it is expensive in dollar terms only because we have been conditioned by officials to believe the waste of money is necessary.
The interest rate is the price of money. It’s a price.
I know my bank account has certainly gone up. Keep raising them. THKS!
Most here (but not you) understand that inflation has caused the purchasing power of their bank account balance to go down. Unless of course your bank is paying a higher rate than the rate at which your dollars are losing purchasing power. LOL
My bank is paying a higher interest rate than the current inflation rate. That is a fact.
I know you are hell bent on always trying to make EVERYTHING doom and gloom. I'm starting to suspect it has to be what you are being paid to do. Nobody on this planet can be as negative as what is contained in your 80-100 post a day.....And if that is the way you really are you desperately need to step outside and let them beautiful rays of sun shine down on that depressed grape of yours. RGDS!
Comments
I agree that it's no longer accelerating. I'm not sure it can't rapidly increase.
I also agree that people complain about
gasoline prices when in actuality the price is very cheap given what it takes
to drill for oil, process it, and deliver gas to the pump for my convenience.
Cheers!
Fifteen months ago we heard how terrible it was going to be for the Europeans, that millions would be freezing to death because they can't afford gas to heat their homes.
That fear mongering narrative is now silent. What happened?
Knowledge is the enemy of fear
Hmmmm...oil prices back to the "energy independence" days. Where's the outrage!!?? Lol
Knowledge is the enemy of fear
Lucky for them, they had a very mild winter.
Fifteen months ago we heard how terrible it was going to be for the Europeans, that millions would be freezing to death because they can't afford gas to heat their homes.
Natgas from the US conveniently found another big market. And their factories went on furlough. Now Germany is in recession.
I knew it would happen.
Lower prices are great, especially since wages do not get reduced as well. Wages tend to go only up, but only when a while after the cost of living goes up.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
If only it were allowed to roam freely in all matters economic.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Not as long as more money is printed to support it.
The good news is that what ever was financed becomes worth more over time.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Hooray, my dollars are currently loosing only 5% a year.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Central Banks Are Buying Gold at Record Pace, What Does That Mean for Inflation?
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
The truth about inflation.
"In other words, the rate seemed lower than it actually was because the base was higher in May 2022. Things were getting more expensive but more expensive at a slower rate than the previous year. Only in Washington is this good news."
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
When we start inflating inflation then we have inflation inflation. And we then tax this new tax for inflation? LOL
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
"Due to the uncertainty of inflation, I have to leave a 15% tip rather than my usual 20% tip."
Worry is the interest you pay on a debt you may not owe.
Bad marketing. They should just raise the price of the beer by 75c and the salad by $1 and eliminated the extra verbiage.
But since it's a D.C. restraurant, and DC knows taxes, a tax it shall be.
Knowledge is the enemy of fear
...but a lot of restaurants pay good money to print formal menus. Should they pay to print new menus every month or so to adapt to their input price increases, or at no cost to them just add the upcharge to your receipt? Anyone who thinks "stable prices" as defined by the fed can mean 2%, 3%, 4%, etc., is delusional. It is also possibly illegal based on their charter, but there are very few politicians that will call this out. Stable prices means as close to no change over time as possible. Reality suggests that even very slight deflation is normal and even desirable due to productivity gains.
Inflation Adjusted, Men Are Making Less Money Than in 1979, Women Are Doing Better
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
One restaurant I patronize has this as well but I request they omit the charge and they kindly do so.
At least we were told about it.
You're right, that makes it all better. LOL
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Hopefully, people don't reduce the tip they leave because of this surcharge.
Worry is the interest you pay on a debt you may not owe.
always tip in cash, your server will appreciate it
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Just make sure your waiter/waitress knows the reason.
Not that the establishment would care since 1987.
We have a place here that adds 18% gratuity on a table of six or more.
Problem is they don't say so you have to read your bill to find out.
How many people just pay and tip without looking over the bill?
This was on a dinner out with two other couples.
3 couples at the same table, SEPARATE CHECKS still constitutes as a table of 6.
Each couple was billed an extra 18% gratuity.
2 of the 3 didn't catch it on the bill.
Boomer tips are no longer relevant, tip more your server DEPENDS on it. THKS!
The whole worlds off its rocker, buy Gold™.
or just give them cash, more money in their pocket. RGDS
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Yes cash but not boomer cash. 8-15% on your $3.99 pancake brunch just doesn't cut it. RGDS!!!
The whole worlds off its rocker, buy Gold™.
Looks to me like somebody Voluntarily bought, and presumably paid for, about $7.75 worth of Food and Beverage, and some $50+ worth of Service, (and, hopefully, significant Ambiance 😀)
Liberty: Parent of Science & Industry
Where was this bought with a 10% sales tax?
Worry is the interest you pay on a debt you may not owe.
Washington DC. One reason why I don't go there much, even though I live in Northern Virginia.
Now we know:
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Liberty is expensive.
It was costly in life and limb to those who fought to obtain it and those who fought to keep it. Today it is expensive in dollar terms only because we have been conditioned by officials to believe the waste of money is necessary.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
The price of money has gone up.
The interest rate is the price of money. It’s a price.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
I know my bank account has certainly gone up. Keep raising them. THKS!
The whole worlds off its rocker, buy Gold™.
Most here (but not you) understand that inflation has caused the purchasing power of their bank account balance to go down. Unless of course your bank is paying a higher rate than the rate at which your dollars are losing purchasing power. LOL
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
My bank is paying a higher interest rate than the current inflation rate. That is a fact.
I know you are hell bent on always trying to make EVERYTHING doom and gloom. I'm starting to suspect it has to be what you are being paid to do. Nobody on this planet can be as negative as what is contained in your 80-100 post a day.....And if that is the way you really are you desperately need to step outside and let them beautiful rays of sun shine down on that depressed grape of yours. RGDS!
The whole worlds off its rocker, buy Gold™.
There is hope, but only for those who have prepared themselves.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
I sure hope my retirement will be much more constructive (and enjoyable) than yours. RGDS!
The whole worlds off its rocker, buy Gold™.
I'm training you.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.