View Full Version : Inflation?.
TEAMRICO
07-18-2021, 08:25
Was at WalMart last night and my wife wanted a soda on the way out. So we went back into the entrance to grab her a drink, she had exactly $.50 for a can? Now the machines say $.75!!! No dice.
Well of course EVERYTHING is way up if you do the shopping around your home.
81 million people voted for this? Yeah, Ok.
I just wanted to bitch a little.
eddiememphis
07-18-2021, 08:51
I have noticed it with the price of potato chips. I don't often purchase them so when they go up, I see it.
Great-Kazoo
07-18-2021, 08:54
The demand is outpacing the supply. The trucking industry is short drivers, by 25-30%. Unfortunately everything is being blamed on covid. Yet, those who sat on their ass, collecting both state and federal UI benefits. Have now decided, since some states shut off the flowing .gov teat. To sue the states, instead of getting off their ass and going to work.
Throw in the shortage of employees, same deal with UI benefits. Knowing they have business over a barrel , have decided to not return unless the employer meets their salary demands.
Sadly those who believed the government should take care of the populace, have won.
as I said before since late 2019 that we need to raise rate.
Paul volcker would have.
Janet and Jerome (JnJ) see it as short run stimulus artificial price hike from demand shift and supply shortage from bottleneck, but this is brewing for something big and nasty.
Bought Gold at $330 and Silver at $6.65. I don't have enough.
Pointing fingers at this stage of the game is a waste of calories.
BushMasterBoy
07-18-2021, 10:34
If we go to war with China, there will be shortages again. I remember last year, milk shelves empty, no meat, or toiletries. Now, there is almost no ammo or guns at Walmart. I have noticed a lot of my neighbors have sheep, goats, calves, etc. Zoning has stopped enforcement and growth is phenomenal. I paid $130K for a brand new house on an acre in 2006. Valued now at over $300K. New houses are popping up everywhere. Almost all buyers are from out of state. New pick up trucks can now cost almost $90K. I am living like the war has already started...
We won't go to war with China in the way you're thinking.
We're already at war though, and losing it. They can influence our free press, we can't influence theirs. Coupled with more espionage, more cyberattacks, RU and CH have invested heavily in causing division and destabilizing our country. And they are finally succeeding.
They aren't going to fight on a front where they can lose, when they are already winning. Patience saves their resources as we either fall apart into a manipulated civil catastrophe or just fade away into a nation state of homelessness, debt, and "UBI" to placate morons.
0% chance of war, because our adversaries are not stupid.
battlemidget
07-18-2021, 10:44
We're getting equalized with the megacities.
BushMasterBoy
07-18-2021, 11:26
We have deployed F-22's for the first time ever. If Russia can annex Crimea, I'm sure China can annex Taiwan. The US government can't even secure its' own Capitol for FFS. I wouldn't be surprised if Taiwan is already infested with sleeper agents from the PLA. We spent almost 7 trillion dollars trying to secure Afghanistan. It was a big failure. I think the only way to defend Taiwan is the nuclear option in the straits. Just give them the bomb. Europe was loaded with nukes during the Cold War. All NATO countries were nuclear capable even if they didn't have them nationally. They could be loaned out.
If this area turned into a shooting match, you can expect prices of goods to go through the roof. And ration books.
TEAMRICO
07-18-2021, 12:18
……..I was just bitching about the cost of a Sprite for the wife.
SideShow Bob
07-18-2021, 12:21
……..I was just bitching about the cost of a Sprite for the wife.
And look what you started...... WWIII !
Things in general were cheaper back when I had to walk barefoot, uphill both ways, in the snow to get to school.
$30 a gallon for coffee is still absurd but you don?t ever hear people bitching about that yet those same people whine about $3 a gallon for gasoline.
BushMasterBoy
07-18-2021, 13:13
I just don't want to run out of asswipe. Or hamburger. Or cool China made gadgets.
Bailey Guns
07-18-2021, 13:56
The US government can't even secure its' own Capitol for FFS.
Of course it can. It just won't.
Inflation is a myth. You saved 16 cents on this year's 4th BBQ compared to last year.
Inflation is a myth. You saved 16 cents on this year's 4th BBQ compared to last year.
I paid more for food, this 4th, than any other...and it was worth it! [Tooth]
Great-Kazoo
07-18-2021, 17:11
I paid more for food, this 4th, than any other...and it was worth it! [Tooth]
You paid?
beast556
07-18-2021, 20:41
Our family food bill has gotten astronomical in the last 2 years. All of our utilities have gone up substantially too.
eddiememphis
07-19-2021, 16:15
McDonalds at Wadsworth and Chatfield is advertising jobs at $18 per hour. That's $34k a year. Not bad at all.
My first job in 1986 was $5.50.
sportbikeco
07-19-2021, 16:50
and the average house price has gone from $100k to $500k
Bailey Guns
07-19-2021, 17:15
My monthly pay when I enlisted in 1979 was $419. That's like $2.62 per hr for 40 hrs...and I worked a lot more than 40 hrs week. An O-6 with 26 years in service made $18 an hour basic pay back then.
McDonalds at Wadsworth and Chatfield is advertising jobs at $18 per hour. That's $34k a year. Not bad at all.
My first job in 1986 was $5.50.Actually, at full time, that's $37,440 a year. Of course , that's pre-tax.
Sent from somewhere
eddiememphis
07-20-2021, 08:40
Actually, at full time, that's $37,440 a year. Of course , that's pre-tax.
Sent from somewhere
Math is hard.
I guess that's why they didn't hire me...
It doesn't have to be hard, or even precise :) I learned some time ago to just double the hourly rate and add 3 zeroes and you have the annual salary equivalent....
ie. $15/hr = $30K salary, $30/hr = $60K, $50/hr = $100K, etc. obviously there's a little margin of error in that, but it's a fair ballpark for the context.
Standard vending machine cans are fixed dimensions and immune from smaller size of many branded items in the grocery. Store-brand and generics do not seem to be as bad, yet. The other day I noticed that OJ ranged from 52 to 59 oz, store brand from concentrate was still 64.
I've learned long ago that 200k salary job that had 14hour per day is not $97/hr but ~$55/hr.
Aloha_Shooter
07-20-2021, 13:53
One of the ways Keynesian economics "pays" for its programs is by devaluing the currency so the loans taken out by the government are repaid with less real value. I stopped buying US savings bonds years ago when I realized what a flim flam it all is.
Actually, at full time, that's $37,440 a year. Of course , that's pre-tax.
Sent from somewhere
I am going to go with $37566.
$18* 2087 = 37566.
2087 is what the government (OPM) recognizes as "full time"
I've learned long ago that 200k salary job that had 14hour per day is not $97/hr but ~$55/hr.
Amen, brother.
.455_Hunter
07-20-2021, 15:10
With a bachelor's in mech engineering and transitioning from Army O-3 in 2002, I started at $24 per hour with my current defense contract based employer. I will hit 19 years next month.
I've learned long ago that 200k salary job that had 14hour per day is not $97/hr but ~$55/hr.
yes, that is also a very good point! Don't take that job. I had one that was up to 72hrs/week for salary and when quit less than 2 years into it when 56hrs/week was "normal" for the company.
Great-Kazoo
07-20-2021, 16:22
It doesn't have to be hard, or even precise :) I learned some time ago to just double the hourly rate and add 3 zeroes and you have the annual salary equivalent....
ie. $15/hr = $30K salary, $30/hr = $60K, $50/hr = $100K, etc. obviously there's a little margin of error in that, but it's a fair ballpark for the context.
Close enough for government work
Close enough for government work
Well.... unless said government is trying to get tax money out of you...
$3.19 accounting error = $0.89 in back taxes due + $20,234 in interest and $42,956 in penalties.
theGinsue
07-20-2021, 19:28
Coworkers watching Fox News today said they heard it said that inflation will be in the double digits by the end of the year. UGH!
TEAMRICO
07-20-2021, 20:17
Coworkers watching Fox News today said they heard it said that inflation will be in the double digits by the end of the year. UGH!
But it will be “Unexpectedly”.
They know exactly how much and when.
No shame in taking <15/hr job.
Even the level of punctuation in the title of this thread seems to be affected by inflation.
BushMasterBoy
07-20-2021, 20:27
They printed more money than it cost for World War 1 & 2. COVID relief quantitative easing from the Federal Reserve.
The White House press secretary should not have hung up the phone on me. We could have had a vaccine a year early.
Why do the Army helicopters buzz my house and only turn on the transponder after they pass?
86843
https://www.youtube.com/watch?v=9RbL8lTsITY
yes, that is also a very good point! Don't take that job. I had one that was up to 72hrs/week for salary and when quit less than 2 years into it when 56hrs/week was "normal" for the company.
Puss.
Amen, brother.
yes, that is also a very good point! Don't take that job. I had one that was up to 72hrs/week for salary and when quit less than 2 years into it when 56hrs/week was "normal" for the company.
Puss.
I quit my corp job +/- decade ago. To me, time is more valuable than $$$$. After internet era, making money isn't like 90s anymore. I do not have to work for someone or some corp to make $ now.
My former boss around year 2001 was working about that much. She integrated her personal life with the business so much that our team even ate dinner out with her family at a restaurant. For her, it was like killing 2 birds with 1 stone. lol
I think 50-55hr/week is pretty much standard in many corporations even for recent school grads.
Now, going back to wage inflations. I know my boss's job was kept with inflations in 20 years. Fast food and low wage worker's wage just got kept up from 20yrs ago.
Interesting read.
https://www.bls.gov/cpi/factsheets/personal-computers.htm
Completely unrelated, someone sent me this video today. Seems relevant.
https://www.youtube.com/watch?v=yjBdu2JBYSM&t=832s&ab_channel=MarkMoss
I did not watch, but from common sense....
Since 10-year and other treasuries are not significantly moving anywhere, maybe the banks speculate that there will be tighter requirement soon?
We won't go to war with China in the way you're thinking.
We're already at war though, and losing it. They can influence our free press, we can't influence theirs. Coupled with more espionage, more cyberattacks, RU and CH have invested heavily in causing division and destabilizing our country. And they are finally succeeding.
They aren't going to fight on a front where they can lose, when they are already winning. Patience saves their resources as we either fall apart into a manipulated civil catastrophe or just fade away into a nation state of homelessness, debt, and "UBI" to placate morons.
0% chance of war, because our adversaries are not stupid.
86844
https://knoema.com/infographics/hxkevje/global-economic-trends-us-overtaken-by-china-as-a-global-trade-power
China has many many many cheap labors at some unpopular provinces. That is their biggest advantages relative to other g20 countries.
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