Inflation surges to its highest since 1990
1–10 of 58 posts
Re: Inflation surges to its highest since 1990
#2All those deficits and free-money have effects, you know. But don't worry, they would solve it printing more money.
Inflation is high not even considering that the FED under-reports inflation with all their tricks - if inflation was calculated as it was in times of Margaret Thatcher, the number wouldn't be 6%, but more like 15%. See http://www.shadowstats.com/alternate_data/inflation-charts
Welcome to Argentina-like politics. Oh, dear Argentina: a country that had the highest GDP per capita some 100 years ago.
Re: Inflation surges to its highest since 1990
#3It's helpful to have a look at the graph in the article and to remind yourself that the numbers are reported year-on-year. Inflation spiked up in the first half of 2021 and the comparison is between the current month and the same month last year so prices could stay the same and you would still report high inflation for a while (until the back end of the comparison window catches up to the moment in time when inflation went up).
I think it's important to clear this up because people say things like "high inflation of over 5-6% for months now" which is kind of misleading. Prices can go up 6% just once and then stay the same and you'll still report 6% inflation every month throughout the following year.
This isn't to say that things are great and high inflation isn't happening. The month-to-month increase is 0.9% which is very high (see the graph).
Re: Inflation surges to its highest since 1990
#4Inflation is complete bullshit because it’s careful to measure a subset of prices and exclude a large range of other prices.
Meaningless crap, designed to support government narrative that everything is great, nothing to see here.
To have any credibility at all, inflation MUST include rent/mortgage payments and house prices.
Re: Inflation surges to its highest since 1990
#5Inflation is boiled frog style taxation.
Unfortunately, it's taxation that makes the weakest suffer the most.
Oh, and the govt would like you to believe they have a way to control it.
Yeah sure, I'm going to turn that knob that is one input of a perfectly chaotic system, and I know what is going to happen.
Let's see how that empty promise actually turns out.
Re: Inflation surges to its highest since 1990
#6Inflation is boiled frog style taxation. Unfortunately, it's taxation that makes the weakest suffer the most. Oh, and the govt would like you to believe they have a way to control it. Yeah sure, I'm going to turn that knob that is one input of a perfectly chaotic system, and I know what is going to happen. Let's see how that empty promise actually turns out.
Taxation is deliberate and easily measured. Inflation is much more difficult to measure and it results from many parts of a complex system interacting with each other. The only thing in common is that people end up with less money.
Re: Inflation surges to its highest since 1990
#7Inflation is complete bullshit because it’s careful to measure a subset of prices and exclude a large range of other prices. Meaningless crap, designed to support government narrative that everything is great, nothing to see here. To have any credibility at all, inflation MUST include rent/mortgage payments and house prices.
Doesn't the CPI include housing?
(food and beverages, housing, apparel, transportation, medical care, recreation, education and communication, and other goods and services)
Question 10. https://www.bls.gov/cpi/questions-and-answers.htm
Re: Inflation surges to its highest since 1990
#8Inflation is boiled frog style taxation. Unfortunately, it's taxation that makes the weakest suffer the most. Oh, and the govt would like you to believe they have a way to control it. Yeah sure, I'm going to turn that knob that is one input of a perfectly chaotic system, and I know what is going to happen. Let's see how that empty promise actually turns out.
Taxation is deliberate and easily measured. Inflation is much more difficult to measure and it results from many parts of a complex system interacting with each other. The only thing in common is that people end up with less money.
Poor people and the middle class who deal in cash day to day to pay bills, seem to end up with less money.
The rich seem to be asset heavy so are buffeted against inflation.
Re: Inflation surges to its highest since 1990
#9Inflation is boiled frog style taxation. Unfortunately, it's taxation that makes the weakest suffer the most. Oh, and the govt would like you to believe they have a way to control it. Yeah sure, I'm going to turn that knob that is one input of a perfectly chaotic system, and I know what is going to happen. Let's see how that empty promise actually turns out.
And also in a way the opposite.
If there was a scale of value in terms of being between the borrower (people in debt) and people lending (people with cash). It swings heavily in favour of people in debt.
Re: Inflation surges to its highest since 1990
#10Inflation is complete bullshit because it’s careful to measure a subset of prices and exclude a large range of other prices. Meaningless crap, designed to support government narrative that everything is great, nothing to see here. To have any credibility at all, inflation MUST include rent/mortgage payments and house prices.
True. But as those are very dependent on where you live, does it even make sense to report inflation for the whole country?