I know the prices have doubled in the last 6 years, and the box sizes (or at least the contents) have shrunk TOO.
You pay more than double and get less.
Caterpillar Shares Tumble After Company Misses Across The Board, Revenues Plunge 19%, Guidance Cut
Long article saying what I have said for a while-—we are in serious worldwide deflation.
London Broil, $7.75 / lb during labor day, double what it was 4 years ago. Levemer insulin pen, $544 per month without insurance, up 150%. Car batteries, wiper blades, minor construction material, all food in general up up and up again.
Only thing cheaper is Fuel and Oil and retail prices haven’t gone down over the last year. So excuse me if I don’t see the deflation.
While the "central banks .. may (or may not have) reached the point where they’re essentially powerless to do anything more, or else," the federal government has the means to fix this problem; but the federal government has no will to fix this problem.
Remove taxes and regulations on businesses and the people; and watch the economy take off. Taxes and regulations are killing us. The government is out of control and is suffocating us.
Or, the people can just do as Jeb Bush said, "It means that people need to work longer hours and, through their productivity, gain more income for their families."
Hmmph, I feel Boxer in Animal Farm.
if you look just at -consumer- price movements to define inflation or deflation, you will find it impossible to understand what goes on.
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I don’t need to “understand, “what’s going on” to know that almost everything I need is getting more costly and my dollar goes an ever shorter distance, as time goes on, no matter if you call it inflation or Cherrios.
Twenty minutes in a Kroger or Safeway should cure the author of this notion.
We rarely used to pay over $40 at the grocery store. Now it’s $50 for a small trip and $80 for a normal trip.
Seems like inflation to me.
In other words, we've been predicting massive inflation for 7 years, this is our explanation for why we were really, really wrong.
Everything except my McDonalds value meal, which has increased in price by about fifty percent over the last several months.
I’d love to see deflation if wages stay constant.
...Moreover, the role the money supply plays in that interaction gets smaller, fast, as debt, in the guise of overindebtedness, forces various players in the global economy, from consumers to companies to governments, to cut down on spending, and heavily. ...
?? Money suppling courtesy of gifting has devalued the dollar. Indebtedness and it’s cousin ‘over’?(courtesy of government leveling) WHEN honored do affect cash velocity , nonobligated money. Printing and passing out more money to sham wow the economy did not work because it’s recipient’s poor useage has most of it locked up in previous benge purchases of new cars, big rims, pickup trucks, not needed things, motor peds, boats, nice things and such.Money flow to satisfy dependence on continuing money flow from heaven, accomplishes nothing but fewer suck backs (repos).
The draw back is obvious
Can’t spend more and more forever... anybody or any regime
I resent the all inclusive ‘companies’.
Not everyone is stoopid. Some make something with the money and truely spread the wealth.
I blame Tom Brady!
Very few prices are decreasing. Milk went down ($3.64 to $3.28) because massive rains in the past two months made cows produce too much. However, we are now in the dry season here in Florida and the price is now $3.39.
Some prices are increasing. I’ve seen my beer go from $2.97 to $3.28 to $3.47 for four sixteen ounce cans.
Inflation is basically taking a breather as gasoline and diesel prices have gone sharply lower. That is a temporary phenomena.
The cost of hiring a person isn’t going down, and the cost of labor is normally the most important measure of inflation in a service-based economy.
As a retired person among about 100 million others in the US (~40% of the voting population), I would benefit from deflation, but fiat money such as the US dollar means deflation is a rare bird seen maybe in a few months in any decade.
“serious worldwide deflation”
If it costs $60 to produce a barrel of oil at the margin of demand don’t expect to see oil at $40/barrel next year.
National economic policy should never be based on unsustainable pricing (in the petroleum industry).
Plumbers will cost more in 2020.
Haircuts will cost more in 2020.
Car repairs will cost more in 2020.
The food you ate in 2015 will cost more in 2020.