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Post by majorminor on Oct 20, 2021 14:25:06 GMT -5
Are we having fun yet? I saw an article go by today that discussed the "inflation is a regressive tax" concept. The premise was basically that Biden's monetary policies were pushing inflation up much faster than wages and guess who bears the brunt etc.
I'm officially seeing inflation in most facets of my life. Are you? Wondering if it's peaking and prices will ease or is this the start of Carter 2.0?
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Post by brucemacneill on Oct 20, 2021 14:29:02 GMT -5
Probably more like Germany after WWI or most Communist countries now. Carter was just a trial run.
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Post by billhammond on Oct 20, 2021 14:36:37 GMT -5
I'm officially seeing inflation in most facets of my life. Are you? The only prices I really pay close attention to are gas, and they have stayed pretty stable here at right around $3/gallon.
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Post by majorminor on Oct 20, 2021 14:46:18 GMT -5
I'm officially seeing inflation in most facets of my life. Are you? The only prices I really pay close attention to are gas, and they have stayed pretty stable here at right around $3/gallon. I've seen huge and unprecedented price increases in every thing related to my door business - lumber, adhesives, fasteners, tools, office supplies, shipping. Food prices are also up big here. Gas is up over $1 a gallon this year.
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Post by james on Oct 20, 2021 14:53:14 GMT -5
At present it seems that inflation is largely a demand-supply thing and it is rising in many countries.
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Post by theevan on Oct 20, 2021 14:57:04 GMT -5
At present it seems that inflation is largely a demand-supply thing and it is rising in many countries. Supply and demand, yes. Including the money supply. Gas is up over 50% here, beef more than that, lumber, steel, natural gas, etc.
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Post by james on Oct 20, 2021 15:01:44 GMT -5
Worldwide supply chain snarl-ups.
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Post by david on Oct 20, 2021 16:59:08 GMT -5
I am seeing inflated prices for food, gas and building materials. Whomever is out of power will blame the president and whomever is in power will say that the no president can have a direct effect on the economy.
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Post by david on Oct 20, 2021 20:30:50 GMT -5
Oh yes BEER! Beer prices are going way up. It might be supply and demand and competition for hops and other ingredients, but damn, beer prices are going crazy.
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Post by aquaduct on Oct 20, 2021 20:43:11 GMT -5
I am seeing inflated prices for food, gas and building materials. Whomever is out of power will blame the president and whomever is in power will say that the no president can have a direct effect on the economy. Except when a President signs a bunch of Executive Orders in his first day on the job that sabotages our energy independence in the name of being "green". Then he does have a direct effect on the economy. By the way, gas is up 50% here in just the disasterous term of Biden. That's not even including the legendary Russian pipeline hacking here.
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Post by epaul on Oct 20, 2021 21:17:27 GMT -5
I'm in a little re-modeling project and I'm noticing inflation big time. Just today, I was pricing a new door at Menards, solid mahogany with a custom carving of John Deere 4020, and they wanted darn near $200 for it. And the solid Black Walnut one was $250. $250 for a custom carved solid Black Walnut door? That's crazy!
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Post by brucemacneill on Oct 21, 2021 6:31:25 GMT -5
Went to the grocery store yesterday and some of the shelves look like they did in April 2020, empty. We did manage to get over $200 worth of stuff in one basket, Most of the cost was meat. Got the last packages of paper towels and toilet paper. We lived through Carter but I had a job back then.
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Inflation
Oct 21, 2021 7:24:55 GMT -5
via mobile
Post by factorychef on Oct 21, 2021 7:24:55 GMT -5
I haven't seen any empty store shelves and my stores are full up on tp.
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Post by howard lee on Oct 21, 2021 7:28:02 GMT -5
I haven't seen any empty store shelves and my stores are full up on tp.
Same here in Kings County. And I don't own a car so not in the habit of buying gasoline too often. It's true that prices of some items have risen. But they always do—when I was in third grade, Drake's Devil Dogs cost only a nickel each. Now a box of eight costs anywhere from $3.50 to $4.50. That would be from $0.44 to $0.56 cents each.
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Post by PaulKay on Oct 21, 2021 9:17:43 GMT -5
At present it seems that inflation is largely a demand-supply thing and it is rising in many countries. Supply and demand, yes. Including the money supply. Gas is up over 50% here, beef more than that, lumber, steel, natural gas, etc. That pretty much sums it up. When you think about the demand side, most all of that was driven by the cash handouts by both the Trump and Biden administration. A large swath of the population who were not financially affected by the pandemic shutdown spent a lot of that money. So we had a case of temporary outsized demand that overwhelmed the supply side. It is classic supply and demand dynamics driving up prices. As the stimulus cash gets depleted, demand should drop and prices stablize.
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Post by brucemacneill on Oct 21, 2021 9:31:22 GMT -5
Yup. Welcome to Fantasy Land. Hope you enjoy the roller coaster.
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Post by howard lee on Oct 21, 2021 9:38:00 GMT -5
Yup. Welcome to Fantasy Land. Hope you enjoy the roller coaster.
Come to Brooklyn!
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Post by theevan on Oct 21, 2021 13:31:09 GMT -5
Yup. Welcome to Fantasy Land. Hope you enjoy the roller coaster. Come to Brooklyn! I have no problem dangling from a tall building by a rope but I will not ever ride a roller coaster again
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Inflation
Oct 21, 2021 18:24:45 GMT -5
via mobile
Post by Marshall on Oct 21, 2021 18:24:45 GMT -5
Amen, Evan.
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Inflation
Oct 21, 2021 18:35:24 GMT -5
via mobile
Post by factorychef on Oct 21, 2021 18:35:24 GMT -5
My gas today was 3.14 a gallon.
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