371–380 of 918 posts
"Government theft drops to 8.5% annual rate" -- There I fixed the headline Inflation is a hidden tax that the public has been PR'd into thinking is acceptable.
Great. All I know is I'm trading a lot more time for money this year. Way less takeout, avoiding toll roads unless it saves at least 30 minutes, fewer streaming services (will renew on a show-by-show basis), and food is getting so crazy I might start going to multiple stores to try and save money instead of my one consolidated trip to Wegmans. I'm also stuffing my freezer with meat and have a year's supply of non-per…
Great. All I know is I'm trading a lot more time for money this year. Way less takeout, avoiding toll roads unless it saves at least 30 minutes, fewer streaming services (will renew on a show-by-show basis), and food is getting so crazy I might start going to multiple stores to try and save money instead of my one consolidated trip to Wegmans. I'm also stuffing my freezer with meat and have a year's supply of non-per…
> fewer streaming services Pessimist's take: When thinking about what we trade our time for, TV shows (and films, to some degree) have always been to me an endless source of a time sink for relatively little return. Games, slightly better, more social in some ways, certainly more mentally engaging, but also parasitic of time. To concurrently pay for multiple streaming services is unfathomable to me, moreso right now…
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The official measures have always been BS. Its obvious to everyone now. Hedonic adjustments + flat out replacing expensive items for cheap items was always retarded
But they have to do something like this right? I mean, consumption patterns have obviously changed since the 1960s. I understand maybe the way they adjust isn't correct but if you think this is a really easy problem you probably haven't considered it enough
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Careful with that last line. Toward the end Trump was making some serious moves towards not accepting the outcome of the election, and the idea that the election was "stolen" is still the going line in Trump circles. Say what you will about the Biden administration, at least it's not threatening to burn the house down out of spite.
Really? Cause democrats are openly talking about abolishing the filibuster and packing the Supreme Court currently. Same shit different day, different faces.
So the year over year CPI increase each month this year (starting from January) was 7.5%, 7.9%, 8.5%, 8.3%, 8.6%, 9.1%, 8.5%. So this value has been jumping around a bit as it has been going up. This drop is being taken as good news -- but I worry whether this is really a meaningful drop or whether we are just over interpreting what could be a fundamentally noisy metric?
This isn't great.. And on top of it look at the number 1 comment here.. People are making concerted efforts to reign-in spending .. Which is excellent financial discipline.. but it's potentially very dangerous for this type of economy if everyone stops spending into this 'easing'
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Oh, not this again. If you have a standard household outlet accessible where you park, you probably don’t need charging stations outside of road trips, because you’ll be getting 60+ miles of charge overnight. The load at a given time is like a third that of a central air conditioner. I think we can handle it.
Moving all private cars to electricity will increase total electricity consumption by 19% ( https://phys.org/news/2015-07-cars-electric.html ). This number is not something worrying in any way, and well manageable by the current incremental improvement of the electricity grid.
In my buildings parking garage there are 150 cars, where probably a good 30-40% of cars are BEVs. We're pulling a maximum of 32kW, or 400V/80A. I have yet to find my car not fully charged in the morning. It's a load balanced system, so usually I get full effect of 11kW when charging.
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One thing about inflation is that it will never go back down. Best case scenario is it stops growing.
Of course it goes down. Take a look at this chart, expand to 10y or max; inflation was about -0.75% in early 2020. In fact, it went into negative territory many times in the last decade. Prices go down during recessions, particularly. https://tradingeconomics.com/united-states/inflation-rate-mo... OTOH, the Fed has goal of maintaining a 2% inflation target; so in the long run you can expect it to go up. For many many…
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This is just going to push people further and further away into fringes and extremist views when they are lied to. We are truly on our own now. Our government no longer serves the people but a smaller proportion of people that gets their representatives elected to spread lies about everything. This garbage inflation number is just the beginning. Who knows what other absurdities they are willing to push to the public…
You aren't being lied to. if, as you seem to think, the government wanted to hide true inflation, you'd think they'd do a better job, right? you think Biden wants these high inflation numbers? what a joke. you're already on the fringe.
It isn't that the published inflation figures are falsified, or lies. They just don't truly reflect the cost of living, due to adjustments, hedonics, omissions, choice of basket items, product crapification and shrinkage, etc.
But with so many dissenting posts here getting flagged, you have to wonder.
So the year over year CPI increase each month this year (starting from January) was 7.5%, 7.9%, 8.5%, 8.3%, 8.6%, 9.1%, 8.5%. So this value has been jumping around a bit as it has been going up. This drop is being taken as good news -- but I worry whether this is really a meaningful drop or whether we are just over interpreting what could be a fundamentally noisy metric?
Avg gasoline prices are down 20% in 2 months. Is that noise? https://ycharts.com/indicators/us_gas_price
Maybe the prices stay low, but with Europe warning of fuel shortages this winter, I can't see that happening.