83% of Americans Are Belt Tightening Due to Inflation Pressures
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Re: 83% of Americans Are Belt Tightening Due to Inflation Pressures
#2Wow. Who could have foreseen this? I suppose that's different from "Who could have stopped this?" Our economic problems are not easy ones to solve, but when trillions of dollars of are created out of thin air and distributed to the populace, you had to know this was coming.
Re: 83% of Americans Are Belt Tightening Due to Inflation Pressures
#3Inflation is here, it will get worse, the Fed will surprise you by over-reacting with an unscheduled rate hike.
For some weird reason, HN threads on this topic are immediately flooded by comments trying to debunk inflation...I suppose even HN isn't shill-proof.
Re: 83% of Americans Are Belt Tightening Due to Inflation Pressures
#4> Shopkick, which produced the report, is a shopping rewards company. The company provides tracking to monitor consumer engagement along the path to purchase. The company has a pay for performance model.
Re: 83% of Americans Are Belt Tightening Due to Inflation Pressures
#5Wow. Who could have foreseen this? I suppose that's different from "Who could have stopped this?" Our economic problems are not easy ones to solve, but when trillions of dollars of are created out of thin air and distributed to the populace, you had to know this was coming.
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Re: 83% of Americans Are Belt Tightening Due to Inflation Pressures
#6I'll take "inflation" if it means trillion dollar spending packages are more likely to reach human citizens instead of corporations.
Re: 83% of Americans Are Belt Tightening Due to Inflation Pressures
#7Wow. Who could have foreseen this? I suppose that's different from "Who could have stopped this?" Our economic problems are not easy ones to solve, but when trillions of dollars of are created out of thin air and distributed to the populace, you had to know this was coming.
Most of those trillions were delivered to the ruling/corporate class who has used it to secure assets instead of create value. That is the source of this inflation.
For example: https://www.msn.com/en-us/news/us/koch-e2-80-99s-foundation-...
Re: 83% of Americans Are Belt Tightening Due to Inflation Pressures
#8Wow. Who could have foreseen this? I suppose that's different from "Who could have stopped this?" Our economic problems are not easy ones to solve, but when trillions of dollars of are created out of thin air and distributed to the populace, you had to know this was coming.
The article reports that 72% of respondents said their income has not increased. So whatever trillions of dollars were created don't seem to have made it to the populace.
Either the respondents are not a representative sample of consumers, in which case the article's conclusions are of little value; or something other than increased consumer spending, like supply chain issues, is causing the inflation.
Re: 83% of Americans Are Belt Tightening Due to Inflation Pressures
#9I'll take "inflation" if it means trillion dollar spending packages are more likely to reach human citizens instead of corporations.
This.
We were already experiencing inflation (cost of living went up because housing went up because we bailed out a bunch of banks that should have failed.) This time it's just more obvious because the price of things people buy directly went up immediately.
Re: 83% of Americans Are Belt Tightening Due to Inflation Pressures
#10I'll take "inflation" if it means trillion dollar spending packages are more likely to reach human citizens instead of corporations.
Still waiting on mine!