From Swadowstats.com
I lived through the 70s. Except for the interest rates, we are already there.
President Retard did that 🤪
As strange as it may seem both the Government and media lie. When was the last time either told the truth? Probably at least a thousand years before the Garden of Eden was Created.
But people still take their word as gospel when they say something they want to hear. To Wit} Putin Bad. Trump bad. Those are gospel to the same crowd.
Thelma and Louise car is airborne and rapidly changing trajectory accordingly.
Brakes and airbags are useless at this point and reverse cannot grip air.
Plan accordingly. Brace for impact.
Visit shadow government statistics. It has inflation numbers based on the previous algorithm. We’re at ~17% inflation. Also, all the talk 10 years ago about the fear of deflation, hence keeping interest rates at zero - nonsense. Anyone who went to stores and bought things knew it was nonsense. The shadow stat for inflation in that period was 4-5%. That matches my personal experience much better than zero to negative inflation, which I never experienced.
From Swadowstats.com
WUT? Nobody told me. 🤬
Even the old methods didn’t adequately depict the way inflation was felt by a majority of Americans.
I am becoming a national populist with conservative roots. That shift is being made by many Americans. To me that means hard working patriotic Americans pitted again establishment government and big business, i.e., corporatism. A lot of economic statistics have long been manipulated to fit the needs of corporatists. If you value hard working patriotic Americans more than politicians and corporate CEO’s enriching themselves then you need to adjust and make regular the economy to benefit the former. That requires economic statistics that are meaningful and emphasize what is occurring with the former.
For instance, you know that the CPI is bogus if you buy gas, groceries and pay your utility bills. What really matters to most Americans is putting food on the table, driving their car to and from work, and keeping their home lit, heated and cool.
When gas, food and utilities are stripped out of the CPI and aggregated, we have an inflation rate close to 25%. It’s time that the Fed creates monetary policy that matches the metrics important to most Americans. It’s time for government to create policies that meet the majority of American needs, like unleashing American petroleum production.
I dont care if the CRPI says 1% increase. I dont need an official computation to know the price of food I buy, and gas have skyrocketed. Even my son, who just barely understands the value of a dollar, saw and was shocked how much we paid for a bag of groceries the other day.
I don’t know how they calculate it. But what I do know as a manufacturer and wholesaler my input prices have gone through the roof. I am eating much of it but plan a 10%-20% increase before the end of the year. Historically I only raised prices once every 5-7 years when I did a repackaging or rebranding so I could price the product and justify it on a new size/package/features. Others in my field routinely raise prices every year.
I have also moved forward plans for a new product range that I hope I can both shift some existing customers into and also gain new customers - it will be a premium product so it will launch with these new costs and anticipated future cost increases into the pricing.
The key price everyone should care about is the price of diesel fuel. Tellin’ ya.
The situation is the same here in the U.K.
but whether the Daily Mail will report that, is another matter.
If we measured the general price rise with the same yardstick that was used in 1980-1 it would be, I have read, north of 17%. The max rate hit then was 17 point something per cent. We are at the edge of and will pass the level of being the worst rate of general price increase since the Revolutionary War.
Most of the foods I buy are up at least 20%. Milk, Eggs, canned goods, bread, meats, deli meats, cat food(when you can find it).
Looked at chicken in Walmart. Chicken breasts that were $1.99 all day a few months ago are $2.79. Dozen x large eggs were around $1.60 are now $2.39.
One thing , Gas station at Costco was always a long line unless you went before 8 am.
Now no line, not even all islands with cars.
Folks not driving much.