Zero percent inflation? Clearly some people don’t buy their own groceries!
Weakest economic recovery in seven decades gets weaker
Most people extrapolate present trends into the future. But yesterday's trend can look like day vs. night when tomorrow arrives.
Almost no one expected deflation when the December 2007 Elliott Wave Theorist said:
Inflation has raged, but deflation is next.
what next??? more government lies, that’s what’s next
recent price increases as just I’ve noticed and can quickly recall:
good fast food burger (said to be “best $5 burger in USA”)... $9.69 with tax
bologna up from $4.99 to $6.49
eggs up from 1.79 to 6.79
quickie cheap Chinese rice plate lunch.. up from $6 to $7
breakfast at good food but dumpy dive diner: up $2 (total of $23.69 with beverage and tax and tip)
breakfast at cheapo diner: up about $2, also (to about $14 with tax and tip
doughnuts up from 50 to 79 cents (simple kind only, none of the good and gooey ones included at this price)
lunch at decent but very unfancy restaurant, up from $8 fixed price menu to a range of about $12 to $16 per entree depending on which you select, plus they no longer offer to refill your soup or bread and they no longer include a small desert like before
shampoo... up from $1 for 32 ounces to $1 for 15 ounces
(shinking the product is the other way they jack up prices on us, just compare Hershey chocolcate bars over the years!)
little plastic bottle (one serving) of tea, up from $1.75 to $2.50
I could go on but what’s the use. Everyone can see the govt statistics are baldfaced lies. Its not just the fake inflation stats, it is also the ridiculously faked unemployment stats (about to descend into negative unemployment rate territory?)... and many more lies.
What’s next? More lies.
That’s what he does best, after all...
“In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate).”
I now pay about twice as much for a steak than I did four years ago. I guess it won’t be inflation unless it cost four times more.
The only goods I know going down are petroleum products, and that is an anomaly that exists outside of the inflation.
Does anybody have a current rate for REAL inflation in the US?
If there is no inflation then why if I put a $100 dollars in the bank for a year it won’t buy as much stuff as it will today? Food, Housing, Gasoline, and all those important things those on “fixed income” have to buy.
This Goldbug remains irrationally exuberant! :)
Inflation has been hidden in various ways through the years....
One day it will come home to roost...
A quart of Oil is up over 400%.
If there is no inflation, why do prices keep going up?
Inflation has taken a temporary breather.
The Federal Reserve decision to lower interest rates about seven years ago sent Wall Street types into the commodity markets, which sent commodity prices soaring and many manufactured things higher.
When the stock market soared, commodity positions were liquidated to free up funds for stock investing, which sent commodity prices lower, which temporary halted most price inflation.
I’ve seen some price increases recently, but not at the level and frequency typical of most of Obama’s term (an average of about five percent per year).
Trust me, my grocery store will in the near future raise prices just like yours. They have done so for decades.
The low oil prices (and lack of ~5% inflation) won’t last - most US producers simply can’t survive on the existing oil prices.
Don’t just look at numbers (especially government numbers), but at the underlying realities of the real world.
The tax market value assessment of my house went up by over 20%.
Thank the voters of Florida that there is homestead tax protection.
Obama prevaricates. His government lies.
5.56mm
The official inflation calculation does nothing for retired folks on fixed incomes and whose expenses for food and energy are not included in what constitutes inflation; while zero interest rates are a tax on the elderly. Meanwhile, most actively employed workers can expect some sort of raise in wages each year.
On the other hand, Social Security recipients are being funded by the payroll taxes of currently employed folks, and they’ll likely get higher payroll taxes placed on them if we are to keep paying the “baby boomers” benefits.
Everywhere you look the government is robbing Peter to pay Paul. Imagine if we just did none of it.