Posted on 06/01/2016 4:16:13 AM PDT by expat_panama
Everything is going up. If you want to make yourself look good before an election “Adjust for inflation”. It is no trick for he Demonicrats to change the numbers to make themselves look good.
We’re doomed. Inflation is 30%, according to Shadowstats . . . and I want to believe.
It could also be a reflection of how many Americans are carrying so much debt that they think bankruptcy is inevitable, so they’re maxing out their credit cards, which they know they’ll never have to pay them off.
I agree.
Election year government reports are always and I do mean always designed to help the incumbents in power remain the incumbents in power.
There is not much in this world I trust less than the Federal Government.
Of course it’s all going on plastic.
How is consumer debt doing?
“People are starting to see the Trump light at the end of the tunnel.”...
I agree with that statement but look at when the incline started to trend. Odumbo and the demodummies will jump all over that, claiming it was their doing that made things appear better going back to 2010. Personally, I call it BS.
And inflation.
Let’s see we were forced to replace the gutters to the new ones with covers, so 78 year old husband with High BP and dizzy spells didn’t have to climb a ladder to clean the suckers. Then we had to replace a crumbling retaining wall that was letting mud wash down our drive. Routine home maintenance, not consumer spending. The AC is acting up it’s 15 yrs old, but it is just a relay and hubby can replace that for a few $$ with out having to drain the Freon.
Next project a trip for him to Niagara Falls to see his 90+ year old older brother. He is driving it. Over 4 days round trip. Spending time with his sister, brother and good friend. I don’t travel well due to altitudes and have to live on Meniere’s meds. Not having to board dogs a +.
I don’t count that as consumer spending, but protection for a Senior Citizen. Nor the trip as consumer spending as this maybe the last time he sees his brother who has prostate cancer.
Nor is medical.
It was me. I bought another gun, some ammo, a case of canned baked beans, new boots and new tires for the bug-out truck. ;)
See my Post #30. ;)
Thanks for posting that link to the Chapwood Index. I’d never heard of it, but it is one of those things that is so simple and self-explanatory that it’s a wonder that everybody doesn’t use it.
As opposed to the government switching out hamburger for steak.
My belief is that this is likely as you alluded to people breaking down and buying things they have put off for 7 years. Its not going to be a trend or ignite the economy.
“The real question is: Are people going into debt with this spending?”
That was also my first thought.
If we retain the regulation and tax regime that is currently in place all the goods in America will be unaffordable and if the cheap crap from China is banned then we will all have nothing because we can’t afford anything and thus there will be very few USA made goods available and American industry WILL NOT RECOVER. If we kill all the regulation and most or all of the business taxes then our USA made products will compete successfully with any foreign goods and they will only trickle in instead of flood in. Excluding imports is a GOVERNMENT solution inherently SOCIALIST and therefore must fail. If exclusion is combined with tax and regulation removal the exclusion will be redundant and have very little effect.
Healthcare (Obamacare) costs increasing.
You think Shadowstats actually calculates inflation?
The other thing that would have to happen is high schools would have to teach marketable skills.
High schools will never again teach anything useful except in isolated districts for limited periods of time until the Federal government is totally removed from public schools and from the universities as well, the universities because that is where the teachers are trained and they come out of that training knowing nothing of teaching other than social disruption methods and government beneficience.
Again, forbidding imports will either further impoverish Americans if American production continues to be hampered by extreme regulation and high taxation, or it will not affect the economy at all if the artificial controls(costs due to regs and tax) on production are taken of. Foreign imports and foreign relocation of formerly American industry is a false target altogether.
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