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Forum member inflation report.

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  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    Organic cashew nuts jumped from $8 to $11 a pound at Natural grocers. That more than offsets the savings on the foot long.

  • VanHalenVanHalen Posts: 4,027 ✭✭✭✭✭
    edited January 24, 2018 5:50AM

    Is oil headed for $70 this winter? $3/gallon gasoline again this spring?

    Up $20/barrel in 6 months (45%), it's starting to look like an equity market chart!

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭
    edited January 24, 2018 11:23AM

    Exactly as was expected and discussed on this board 18 months ago. Anyone know how the equity markets usually respond to a weaker dollar? ;)

    VanHalen....winter is over.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,941 ✭✭✭✭✭
    edited January 24, 2018 3:03PM

    Anyone know how the price of imports responds to a weaker dollar?

    Good thing the US produces most of what it consumes.

    Let's see. . . Wall St. benefits, consumers don't. Wonder who the munchican is looking after?

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    https://www.visualcapitalist.com/decade-grocery-prices/

    Looks like sign's of a good economy as meat prices are higher. Americans living well.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    @derryb said:
    Anyone know how the price of imports responds to a weaker dollar?

    Good thing the US produces most of what it consumes.

    Let's see. . . Wall St. benefits, consumers don't. Wonder who the munchican is looking after?

    If mericans bought productive assets instead of non-productive ones, they could easily cover higher import prices.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BLUEJAYWAYBLUEJAYWAY Posts: 9,311 ✭✭✭✭✭

    Our local daily newspaper has gone up to $340.00+ a year. Circ. around 40-50K. We canceled it. Last week went to McDonalds to get 2 apple pies. 2 years ago were 2/$1. Last Dec. 2/$1.20. Last week 2/$1.82. In asking why the price jump? Was told due to the hike in the min. wage. Other price rises coming due to the min. wage hike? Well, someone has to pay for it.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    CAC went up to $14.50 for submissions value under 10K! Getting ahead of the big inflation surge?

    CAC Price Increase effective February 1st

    Dear CAC Collector,

    We are writing to inform you that beginning February 1, 2018, a modest price increase will go into effect. Collector members will continue to only pay for coins that sticker. The new tier pricing per coin will be as follows:

    Submission Tier Insured Value
    Regular - $14.50 Up to $10,000
    High Value - $29.00 Over $10,000
    Re-Sticker - $3.00 Original Cert Number Only
    Regular Walk-Through - $16.00 – on site Up to $10,000
    High Value Walk-Through - $32.00 – on site Over $10,000

    Please note, our “walk-through” service requires an appointment and gives our members the option to physically bring their coins to CAC for grading with same day turnaround.

    Please use your current submission forms until depleted. New forms will be available shortly. You may call to request additional forms as needed. In order to expedite the processing of your submissions, please continue to put same tiered coins on separate submission forms. If you have any questions, please do not hesitate to contact us.

    Sincerely,

    CAC

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    Dpoole..I didn't think that you had any under $10k coins.

    ;)

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    Yeah, well they're under $10K now. :'(

  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    @VanHalen said:
    Is oil headed for $70 this winter? $3/gallon gasoline again this spring?

    sure looks like it

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • chumleychumley Posts: 2,305 ✭✭✭✭

    live lobster is $8 a pound...that is down $2 a pound

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    @chumley said:
    live lobster is $8 a pound...that is down $2 a pound

    I think that's what I paid in 1997.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    Look for trade wars to ramp up price inflation. Tariffs on imported goods increase their price and reduce competition in the US marketplace. They allow US manufacturers to increase their prices to US consumers.

    Tariff tracker

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @cohodk said:

    @chumley said:
    live lobster is $8 a pound...that is down $2 a pound

    I think that's what I paid in 1997.

    Tell me what the new dental crown costs when you chip your tooth on the shell.

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    @Coinstartled said:

    @cohodk said:

    @chumley said:
    live lobster is $8 a pound...that is down $2 a pound

    I think that's what I paid in 1997.

    Tell me what the new dental crown costs when you chip your tooth on the shell.

    I prefer to eat the flesh....but if you like the shell, more power to ya.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    I am disposed to drawn butter.

  • VanHalenVanHalen Posts: 4,027 ✭✭✭✭✭

    The CPI average (1981-2018) is down to 2.8% annually. The tally is the same over for May '17/May '18 yoy.

    If you'd like a laugh you can plug your own numbers in here: CPI-inflation-calculator

  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    Venezuela's Inflation to Reach 1 Million Percent, IMF Forecasts

    "Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole, the International Monetary Fund predicted on Monday."

    But we're safe, for now.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    Venezuela stock market up 73,000%. Not too shabby.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,941 ✭✭✭✭✭
    edited July 23, 2018 8:12PM

    @cohodk said:
    Venezuela stock market up 73,000%. Not too shabby.

    not shabby at all. best hyperinflation in modern history. Consumer prices there have risen 46,305 percent this year alone.

    just goes to show you that the ever increasing green ticker on the bottom of your TV screen is not always a good thing and that printing more money will not solve the problem.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    Hard to see what's wrong with having more money, especially when your money stack grows faster than consumer prices.

    Would a Venezuelan have been better off with money in gold or the stock market over the last year?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,941 ✭✭✭✭✭
    edited July 24, 2018 6:11AM

    @cohodk said:
    Hard to see what's wrong with having more money, especially when your money stack grows faster than consumer prices.

    Would a Venezuelan have been better off with money in gold or the stock market over the last year?

    Gold, by a long shot with returns 15.91 times better than the stock market

    His one year stock market gains would have seen an increase of 73,579%:

    While his gold gains would have seen an increase of 1,170,828%:


    One of the big reasons bolivars went to the stock market at all is because the demand for gold created a physical shortage in Venezuela. Their stock market then became the second choice to keep up with the hyperinflation.

    Once again, gold shows its status as a protection of wealth and a great insurance policy against a failing currency.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    Here is my take: If fifty years ago you made 4K a year and now make only 55K you did not put effort into upward mobility. I Know mean girls right. But it is true. When your young your salary is much lower and as you gain experience and skills it should go up. I would not buy a corvette unless it constituted only 10-15% all in of my annual income. Do the math decide for yourself.

    Best place to buy !
    Bronze Associate member

  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    @Kkathyl said:
    Here is my take: If fifty years ago you made 4K a year and now make only 55K you did not put effort into upward mobility. I Know mean girls right. But it is true. When your young your salary is much lower and as you gain experience and skills it should go up. I would not buy a corvette unless it constituted only 10-15% all in of my annual income. Do the math decide for yourself.

    One must include wage growth (wage inflation) in the formula.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • chumleychumley Posts: 2,305 ✭✭✭✭

    meanwhile....lobster has gone back up to $9 a pound

  • VanHalenVanHalen Posts: 4,027 ✭✭✭✭✭

    @cohodk said:
    Hard to see what's wrong with having more money, especially when your money stack grows faster than consumer prices.

    Would a Venezuelan have been better off with money in gold or the stock market over the last year?

    For 25% of America that holds true and works well. For the other 75% of the country not so much.

    When the wealthy drive the bus it's not going to change until the last ounce of the USD has been squeezed dry.

  • 1630Boston1630Boston Posts: 13,786 ✭✭✭✭✭

    @chumley said:
    meanwhile....lobster has gone back up to $9 a pound

    Lobsters 4.99/pound here in Massachusetts

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭
    edited July 25, 2018 3:34AM

    Looks like your numbers are mostly correct derryb...there's a first for everything. Whhoohoo. Lol. Good job.

    We'll have to disagree with the reason why their stock market is higher...not the second choice. To prove this you'll only need to compare the price if a house (or other asset) year over year.

    So, are the folks in Venezuela who own gold now rich?

    All we have to do now is wait for the US to become Venezuela?

    When you realize that ALL assets increase during hyperinflation, you may finally see the value of your insurance. I'm sure you've read stories of a loaf of bread costing 1 on Monday and 10 on Wednesday. Right? So didn't the bread go up in value 10x? What's the difference if gold went from 1 to 10? Same thing. That bread proved to be good insurance!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭

    You don't have to eat the gold to realize it's value. Bread isn't that good for storing value.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    @jmski52 said:
    You don't have to eat the gold to realize it's value. Bread isn't that good for storing value.

    Does gold fill your belly?

    How about we change bread for a can of beans. Thats stores pretty well, no?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    The only store of value in a can of beans is the gas that builds up in your gut.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    Venezuela’s socialist president Nicolas Maduro announced recently that the country plans to rein in hyperinflation by lopping off five zeroes from its currency. That oughta fix things, at least until tomorrow.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    Maduro recently claimed (again) that the U.S. tried to assassinate him, this time with a drone.

    The U.S. would have to stand in a long line with a lot of Venezuelans if they were really trying to do that.

  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭

    Beer prices on a unrelenting climb. Have you guys seen the prices for ATF fluid lately? I work on my 5 cars and many auto/truck related fluids has probably doubled in 5-10 years. My bank still pays 0.01% for savings rate.

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    Alpo's cheap at Winco. B)

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    My bank still pays 0.01% for savings rate.

    They want you to get mad at that low rate and get a home loan from them. :D

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MeshMesh Posts: 86 ✭✭✭

    @Pokermandude said:
    Another sign of inflation to look for is portion/package sizes. Companies will often trim a few grams or an ounce off the portions you buy, while maintaining the same price.

    Today's Mars bar is 51 grams, compared to 62.5 grams in 2007; price remains the same

    Shrinkflation... 99 cent store 5-6 years ago 10 single pack snickers mini etc. $.99 , 3-4 years ago 8 single pack snickers minietc. $.99 , present 6 single pack snickers mini etc. $.1.59

  • MsMorrisineMsMorrisine Posts: 33,239 ✭✭✭✭✭

    So true.

    Breyers ice cream is my go to. Haagen Das is not a pint any longer

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 5,959 ✭✭✭✭✭

    Pretty much everything I purchase seems to be up sharply. Gooberment keeps telling me inflation is nonexistent. They are either scumbag liars or don't live in the world I live. Unemployment officially lower but most new jobs are at mcdonalds and Walmart, wages still stagnant at the skilled level. Stock market bubble keeps expanding. All must be well. Carry on sheep. lol

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • bronco2078bronco2078 Posts: 10,244 ✭✭✭✭✭

    @Kkathyl said:
    Here is my take: If fifty years ago you made 4K a year and now make only 55K you did not put effort into upward mobility. I Know mean girls right. But it is true. When your young your salary is much lower and as you gain experience and skills it should go up. I would not buy a corvette unless it constituted only 10-15% all in of my annual income. Do the math decide for yourself.

    except wrong , you would not buy a corvette because its a chevy and chevy sucks

  • bronco2078bronco2078 Posts: 10,244 ✭✭✭✭✭

    @Mesh said:

    @Pokermandude said:
    Another sign of inflation to look for is portion/package sizes. Companies will often trim a few grams or an ounce off the portions you buy, while maintaining the same price.

    Today's Mars bar is 51 grams, compared to 62.5 grams in 2007; price remains the same

    Shrinkflation... 99 cent store 5-6 years ago 10 single pack snickers mini etc. $.99 , 3-4 years ago 8 single pack snickers minietc. $.99 , present 6 single pack snickers mini etc. $.1.59

    but it says NEW IMPROVED !!! right on the wrapper

  • bronco2078bronco2078 Posts: 10,244 ✭✭✭✭✭

    OP was banned forever ago but somedays it feels like he still haunts the forum

  • metalmeistermetalmeister Posts: 4,586 ✭✭✭✭✭

    Paid $4.19 a gallon of gas in Caliunicornia, Before the refinery caught fire.

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • USASoccerUSASoccer Posts: 445 ✭✭✭

    @metalmeister said:
    Paid $4.19 a gallon of gas in Caliunicornia, Before the refinery caught fire.

    You mean Commiefornia?

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    @metalmeister said:
    Paid $4.19 a gallon of gas in Caliunicornia, Before the refinery caught fire.

    That's the same price it was 5 years ago.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    http://www.thepeoplehistory.com/pricebasket.html

    Looks quite flat since this thread was started.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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