651–660 of 918 posts
Earlier quoted context omitted.
Just read about the inflation trimming. It is one of the ways the government make inflation to appear lower than it is, making people happy. In US, the 31% of the goods with highest inflation are excluded, but only 24% of the goods with lowest inflation, making the inflation appear much lower than it is.
Trimmed inflation is a better measure than non-trimmed for goods with substitutes. Bacon going up 1000% in price is not as bad as all food going up 5% in price because you can just stop eating bacon, but you can't just stop eating.
More seriously, that quality of life decrease is now completely ignored. I think it's worth acknowledging that it's happening.
Earlier quoted context omitted.
I'm riding my bike a lot more to get places, rather than just for recreation; and it seems this is true for many around me as well.
But when you think about it, what’s the benefit of driving? For reasonably short drives you don’t save much time with parking in cities and you don’t get any exercise.
Earlier quoted context omitted.
No? In the US a residential mortgage is almost always fixed rate, locked in for the entire term (i.e. 30 years). So it can basically never go up, just down if the opportunity arises and you can willingly refinance your loan as interest rates drop.
Your principal and interest payment can never go up, but your property tax (which is included as escrow on your mortgage) definitely can. I live in Texas, and my mortgage will be $400 a month more next year because of rising property tax.
In theory every cost you pay as an owner, you pay as a renter - just with less time investment as a renter. It's a convenience fee.
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?
I highly recommend just looking at energy since it's an input cost into nearly everything
Earlier quoted context omitted.
Just read about the inflation trimming. It is one of the ways the government make inflation to appear lower than it is, making people happy. In US, the 31% of the goods with highest inflation are excluded, but only 24% of the goods with lowest inflation, making the inflation appear much lower than it is.
Trimmed inflation is a better measure than non-trimmed for goods with substitutes. Bacon going up 1000% in price is not as bad as all food going up 5% in price because you can just stop eating bacon, but you can't just stop eating.
you can't watch people switch their crab and milk for krab and powdered milk then be like "oh we'll just trim that out of inflation lmao". inflation is not supposed to measure change in average cost of necessities, it's supposed to measure change in a basket of basic goods.
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…
Just read about the inflation trimming. It is one of the ways the government make inflation to appear lower than it is, making people happy. In US, the 31% of the goods with highest inflation are excluded, but only 24% of the goods with lowest inflation, making the inflation appear much lower than it is.
Earlier quoted context omitted.
Lol I’m not “placing blame” I’m stating what I see as facts. Russia will not surrender. The longer the Ukraine is in the war, the higher likelihood the people of Ukraine starve. We can make an argument that they shouldn’t surrender. That’s a moral position. I’m pointing out if we don’t figure it out within the next few months you’re not going to get the food from the region, as people are fighting over it. I don’t ca…
I don't understand what kind of bubble people are in if they think Russia is about to surrender soon. According to the Western media they were running out of ammo in March, April, May and June. Meanwhile, with an incompetent army running out of supplies, they were apparently able to occupy 20% of Ukraine's territory.
On the other hand, they only took one big city in/since February and that's only because it wasn't defended by Ukraine.
Earlier quoted context omitted.
They’re pushing all kind of narratives to make cattle seem like they’re terrible for the world, and linking everything to climate change. No one wants to accept the push to start eating bugs. Don’t give into the WEF propaganda https://www.theguardian.com/environment/2021/mar/18/cows-sea...
Who exactly is "they"? The... Big Bug industry?