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US Wholesale Inflation Rises by Most in 3 Years

bloomberg.com

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Re: US Wholesale Inflation Rises by Most in 3 Years

#131

Post by amanaplanacanal »

gosub100 wrote: post #99
9rx wrote: post #78

Earlier quoted context omitted.

Inflation seeks to understand the change in value of a currency, not the change in value of a good or service. College being worth more (in the eyes of the customer), rather than the currency being worth less, is what accounts for the 10x increase. I don't know how old your mom is, but it wasn't that long ago that people only went to college if they had good reason to, not because they were told they "had to" under t…

People didn't need to go to college before the death of the middle class. A couple generations ago you could rent an apartment and have a decent life working at a restaurant or warehouse or factory. Now most entry level jobs pay poverty level wages.

This has probably been suppressing prices for the last few decades. Inflation numbers would look even worse if the pay in those kinds of jobs has continued. People want lower prices for everything, no matter the cost to workers.

Re: US Wholesale Inflation Rises by Most in 3 Years

#132

Post by Thorrez »

mark_l_watson wrote: post #56
Thorrez wrote: post #44

Earlier quoted context omitted.

If the US dollar was being devalued faster than reported, and the Euro wasn't, wouldn't that be visible in the exchange rate?

I think Europe has worse financial problems than we do.

Ok. But we can look at the inflation rate that the US reports, and the inflation rate that the EU reports. Then compare the ratio of those to how the exchange rate changes.

I don't see how having financial problems would make this comparison invalid.

Re: US Wholesale Inflation Rises by Most in 3 Years

#133

Post by IAmGraydon »

jaybrendansmith wrote: post #82

[flagged]

You're forgetting that a lot of tariffs didn't kick in until August 1, and aren't included in this. So it's likely that we'll be seeing inflation far higher in the future. I'm guessing we're going to over 20% YoY, and even that may be a lowball.

Re: US Wholesale Inflation Rises by Most in 3 Years

#134

Post by vancroft »

mark_l_watson wrote: post #86
infecto wrote: post #61

Earlier quoted context omitted.

Had trouble following your core point. Do you have references regarding 900 bases with many bordering China. I have never seen such figures or that they border China.

Google Gemini 2.5 Pro just estimated 200 military bases close to China (I used “close” in my prompt, not very precise, so that number is likely including bases in the general area.) Gemini estimated 750 to 800 total military bases.

Al Jazeera reports around 750 US military bases, across the world but concentrated in Europe, Japan and South Korea, and the Middle East. Not quite bordering China. https://www.aljazeera.com/news/2021/9/10/infographic-us-mili...

Re: US Wholesale Inflation Rises by Most in 3 Years

#135

Post by thisisit »

ivape wrote: post #21

[flagged]

You are right. An entire category of merchants (made in USA) looked at others (importers) who now need to pay increase prices due an import tax and figured it was fine to raise prices. Those greedy businesses who figured that you can raise prices just below the import tariffs and make consumers pay. Oh wait, what were you saying about tariffs?

Re: US Wholesale Inflation Rises by Most in 3 Years

#137

Post by ivape »

thisisit wrote: post #135
ivape wrote: post #21

[flagged]

You are right. An entire category of merchants (made in USA) looked at others (importers) who now need to pay increase prices due an import tax and figured it was fine to raise prices. Those greedy businesses who figured that you can raise prices just below the import tariffs and make consumers pay. Oh wait, what were you saying about tariffs?

This was happening for years before the tariffs.

Re: US Wholesale Inflation Rises by Most in 3 Years

#138

Post by almog »

You can read the actual BLS PPI release here: https://www.bls.gov/news.release/pdf/ppi.pdf

Another thing to watch for is the BLS import prices which show prices excluding tariffs. If these remain flat for July as they did for June, it would be another data point suggesting tariffs induced inflation.

Re: US Wholesale Inflation Rises by Most in 3 Years

#140

Post by infecto »

mark_l_watson wrote: post #86
infecto wrote: post #61

Earlier quoted context omitted.

Had trouble following your core point. Do you have references regarding 900 bases with many bordering China. I have never seen such figures or that they border China.

Google Gemini 2.5 Pro just estimated 200 military bases close to China (I used “close” in my prompt, not very precise, so that number is likely including bases in the general area.) Gemini estimated 750 to 800 total military bases.

Hmmm let’s clear this up because the way you write is extremely click baity. I believe those higher numbers are less a military base and better thought of as a facility. They could be a small housing facility, radio station etc. it’s a valid number but I think base is probably not the right way to describe.

When you say China that is incredibly disingenuous. If we said Asia yeah sure and that is effectively Japan and Korea.

Now let’s think about it more in terms of major bases/complexes. We are looking at maybe 25 in and around Japan and 10 for Korea. Still not a small number but I think a very different mental picture than 900 bases mostly around China. Also worth nothing that’s probably around 80k people deployed in those two countries.

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