Inflation is off the chain

[Anonymous]

This is a lot of stupid posts. God people. No wonder our country is in the situation it's in. It's bottom up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

I’m sorry, do you think that Biden is centrally planning prices? This is a supply and demand issue. Everybody wanted to do home improvements so the price of lumber went up and there are shortages of appliances. That’s the free market that you claim to love.

biden's advisers should have known that the supply chain was weak and that he shouldn't have released so much money into the economy.

You are so close to understanding PP, but so consumed by Biden hatred that you are unable to do so. Yes, the supply chain is weak - you got it! That is what is causing inflation. It's a supply problem, not a demand problem, so largely has nothing to do with the Biden stimulus. When the supply chain gets sorted out post-pandemic, inflation will drop back down to normal levels. That's why every smart economist recognizes that inflation now is transient.

[Anonymous]

Inflation is not off the chain now, and it won't be in the future. Why? Demographics.

http://mattrognlie.com/demowealth21.pdf

"we find that aging unambiguously lowers the real interest rate, thereby increasing capital intensity and output.
A lower real interest rate also implies less inflationary pressure in any standard model in
which this pressure is captured by the natural interest rate."

[Anonymous]

Anonymous wrote:

Anonymous wrote:
biden's advisers should have known that the supply chain was weak and that he shouldn't have released so much money into the economy.

You are so close to understanding PP, but so consumed by Biden hatred that you are unable to do so. Yes, the supply chain is weak - you got it! That is what is causing inflation. It's a supply problem, not a demand problem, so largely has nothing to do with the Biden stimulus. When the supply chain gets sorted out post-pandemic, inflation will drop back down to normal levels. That's why every smart economist recognizes that inflation now is transient.

DP. whomever it is blamed on, or not blamed on, supply shocks lead to stagflation. For demand shocks, pump money into people's hands to increase demand. For a supply shock, give them incentives to work and create supply. Biden's policy is about battling covid, the unintended consequence will be less supply, more inflation, less growth. Ergo stagflation.

[Anonymous]

Anonymous wrote:Chicken wing promos were originally invented because Americans didn't eat the wings, so that part of the chicken was super-cheap. Then they became popular, and it drove up demand more than for the rest of the chicken (think of how many chickens it takes to make a platter of wings). The 10-cent wing days are long gone.

Now if Americans wanted to start eating chicken feet, you'd bet those for 10c apiece. Currently those all get shipped to China.

I haven’t seen 10 ct wings since 1991.

Agree about the feet although they make great broth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I just bought a sleeve of soda at Giant that was labeled $7.29 in the aisle and rang up for $8.59 at the register. Inflation is coming at us fast.

I had the exact same experience this afternoon. I scanned a 12-pack of Coke and it rang up for $8.59 and I just kind of stared at the screen like WHAT?

A 12-pack of Coke contains 4.25 liters. A 2-liter bottle rang up for $2. It's gotta be the cans themselves because you could buy twice as much Coke for the same price in plastic bottles.

You've already been able to pay for coke/soda with the less expensive version being the giant bottles. Considering the cans are buy 2 get 1 free plus discounted half the year anyway, I'm not sure why you're rushing to buy them at their highest price ever right now.

You’re right about the liters vs cans thing but the key part of this story is that they raised prices so quickly it’s reflected at the register already but not at the aisle.

Or the shelf tag showed a “club price” or special deal that OP didn’t qualify for. We don’t drink soda more than once a year but I buy it when it goes on sale in preparation for the annual event. I did notice that there buy 1 twelve pack get one sale has been replaced by buy 2 packs, get one. It’s all the nudge I need to just skip the big brands entirely and buy the generic. Maybe we’ll do 1/2 flavored seltzer this year.

[Anonymous]

Anonymous wrote:
SO Kroger: Milk $2.79, bread $2, eggs $1.09, chicken $4.49 a pound. Chicken seems a bit high, other than that, meh.

Where in the tarnation do you live?? No $1 eggs, $2 bread, or $2.79 gallon of milk here unless you shop at Aldi, which is scarey.

[Anonymous]

People, the inflation after 2008 didn't come in the form of dramatically higher milk prices. Demand for those goods largely stayed the same. There's only so much milk a person can drink - even if they become millionaires over night. When more money flowed into the economy, house prices skyrocketed. University prices skyrocketed. The stock market skyrocketed. Look for inflation where you would put an extra $500,000 and that's where you will find it now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
SO Kroger: Milk $2.79, bread $2, eggs $1.09, chicken $4.49 a pound. Chicken seems a bit high, other than that, meh.

Where in the tarnation do you live?? No $1 eggs, $2 bread, or $2.79 gallon of milk here unless you shop at Aldi, which is scarey.

Seriously! I think I pay $5.99 for half a gallon!

[Anonymous]

Anonymous wrote:

Anonymous wrote:
SO Kroger: Milk $2.79, bread $2, eggs $1.09, chicken $4.49 a pound. Chicken seems a bit high, other than that, meh.

Where in the tarnation do you live?? No $1 eggs, $2 bread, or $2.79 gallon of milk here unless you shop at Aldi, which is scarey.

Honest question...why is Aldi scary?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
SO Kroger: Milk $2.79, bread $2, eggs $1.09, chicken $4.49 a pound. Chicken seems a bit high, other than that, meh.

Where in the tarnation do you live?? No $1 eggs, $2 bread, or $2.79 gallon of milk here unless you shop at Aldi, which is scarey.

Honest question...why is Aldi scary?

I like Aldi and don't think it's scary. Don't go there much, but Costco has prices like above.

[Anonymous]

$1.8T stimi, $1T infrastructure, $3.5T human infrastructure, and yet another $3.5T just for the regular budget.in oct.

All of those trillion dollar spending sprees financed by debt and in less than 1 year. Biden is on a torrent of a pace when it comes to debt fueled spending.. This is going to be anything but mere 'transitory' inflation.. be prepped to watch your entire life's worth of savings dwindle into peanuts in no time at this rate.. Truly remarkable how fast down the tubes we are going. Biden and the Dems are going full blown Brazil/Argentina.

[Anonymous]

Anonymous wrote:$1.8T stimi, $1T infrastructure, $3.5T human infrastructure, and yet another $3.5T just for the regular budget.in oct.

All of those trillion dollar spending sprees financed by debt and in less than 1 year. Biden is on a torrent of a pace when it comes to debt fueled spending.. This is going to be anything but mere 'transitory' inflation.. be prepped to watch your entire life's worth of savings dwindle into peanuts in no time at this rate.. Truly remarkable how fast down the tubes we are going. Biden and the Dems are going full blown Brazil/Argentina.

Walls are expensive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:biden is trying to manipulate wage growth by increasing the cost of most consumer items and claiming the "win" for increasing wages.


This is not going to end well. By the time he is out of office, our economy will be a mess.

This is on Trump and his supporters period.

He failed. Now Biden has to clean up the mess. This is nothing new.

Blame the right person. FACT it's Trump's fault. He will destroy us by the time he is done.

OMG, the victimization of the democrat coming into office to "clean up," is old. You wore it out trying to hide obama's incompetence!

[Anonymous]

Anonymous wrote:People, the inflation after 2008 didn't come in the form of dramatically higher milk prices. Demand for those goods largely stayed the same. There's only so much milk a person can drink - even if they become millionaires over night. When more money flowed into the economy, house prices skyrocketed. University prices skyrocketed. The stock market skyrocketed. Look for inflation where you would put an extra $500,000 and that's where you will find it now.

Lady, in 2008, I could buy chicken on sale at Safeway 49 cents a pound. Don't know what you are smoking. Food absolutely went up!!!

Milk prices, however, I think are controlled to a degree by government incentives.