Posted on 09/23/2017 6:24:24 AM PDT by Kaslin
If you’ve been to the grocery store lately, you know inflation isn’t coming. It’s here!
Banks are in much better shape today than they were in 2007.
And the homeless suddenly reappeared on January 20th, after 12 noon.....
Pay college tuition. inflation is here.
I wouldn’t worry about a small work force. I’d worry about finding a real job in the first place, no matter what your skillset.
https://www.youtube.com/watch?v=7Pq-S557XQU
“Unfortunately, the sluggish growth of our economy is not the fault of the Federal Reserve. It’s all about our failed legislators doing nothing.”
Or doing too much.
Take currency out of the equation whenever possible.
We’re not even close. Especially since we haven’t seen any real, sustainable increases in the Producer Price Index (PPI) or the Consumer Price Index (CPI). Indeed, the European Central Bank leaders (along with the Fed) have been throwing everything they possibly can at inflation, and it doesn’t seem to move. The only thing that will move it is sustainable, global GDP growth.
...
Growth may cause price increases, but it doesn’t cause inflation. Inflation is caused by devaluation of the currency.
The only beef I can afford is ground beef when on sale. Bacon is over 5 bucks a pound. No inflation.....
The definition of inflation is to many dollars chasing to few goods. Econ 101.
With modern technology, we can produce as many goods and commodities as we require, with very little effort. Economists don’t seem to have grasped this yet.
Bacon prices are puzzling me. They shot up really fast but pork in general seems to be holding steady. That makes no sense to this non-farmer.
Excellent point.
I saw a pound of Oscar Meyer bacon for $8.49/pd? WTH? I heard the Chinese have caught the bacon bug. All of our bacon is going over there now casing bacon inflation.
“too”
English 101
> If you’ve been to the grocery store lately, you know inflation isn’t coming. It’s here! <
Food prices go up, and package sizes get smaller. But there is no inflation! That’s because the consumer price index (CPI) does not consider products in the energy and food sectors.
Those products cause “temporary price shocks”, so their price increases are simply ignored. Pretty clever, eh?
If you’ve been to the grocery store lately, you know inflation isn’t coming. It’s here!
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Very true. It is also true that the political elites don’t go to grocery stores. The can vote raises for themselves so inflation is not a concern for them.
This makes zero sense. If the wage increase comes solely from inflation, then by definition it is not a "real" (inflation adjusted) increase. The primary reasons why there haven't been wage increases is that more of the compensation is in non-wage benefits like insurance and immigration keeping wages down.
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