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US inflation jumps to 3.8% as energy costs surge from Iran war

bbc.com

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Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#121

Post by twodave »

watwut wrote: post #97
mapt wrote: post #72

Earlier quoted context omitted.

It's actually very difficult to implement a change in our timeline on such a complex issue without causing a mix of positive and negative effects relative to your desired goal. It's very hard to impute whether anyone in the White House actually had a successful causal motive->plan->implementation->effect loop deliberately, but there are always high points, even of grotesque failure. Obviously it's not NET positive, b…

> It is now in a widely acknowledged catastrophic munitions stockpile crisis which Congress will have to fix via large, sustained investment; How exactly is it positive to waste munition and thus force the congress to buy new munition? You will spend a huge amount of money to ... get where you was.

I think the idea is that now that it's a public issue, it will have to be addressed more than just bringing us back to pre-war levels.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#122

Post by ajmurmann »

wing-_-nuts wrote: post #78
giantg2 wrote: post #21

Earlier quoted context omitted.

Those are real wages. We would expect to see that during a sudden jump in inflation. Wages tend to lag inflation. The other interesting part in that article is that excluding fuel and food still shows 2.8% inflation - only 1% attributable to food and fuel. Makes it seem like the main article and this article have different spins. Edit: Wow people are jumping on this. The point is that food and fuel increases account…

I will say, this past inflation spike has completely broken the assumptions I had from 1970s economics that employers would raise their 'cost of living' raises to keep pace with inflation. My employer seems to think 2.5% is fine, as they've done it multiple years in recent past with only one extraordinary year netting 4%. I am now very skeptical of any so called 'wage price spiral'

Nobody gives you cost of living increases. That's not how a market works. You get cost of LABOR increases. These are related but only indirectly.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#123

Post by sosomoxie »

myth_drannon wrote: post #91
simianparrot wrote: post #51

Earlier quoted context omitted.

[flagged]

[flagged]

I’m a leftist and certainly Muslims will be against their own slaughter. There are plenty of right wingers who hate Zionism too though. Zionist’s only allies are the heavily propagandized baby boomers, and even they are shifting away from Israel.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#124

Post by csoups14 »

delfinom wrote: post #60
joe_mamba wrote: post #28

Earlier quoted context omitted.

[flagged]

[flagged]

The rich being in control of both sides does not make both sides equivalent when it comes to impacts on the commoner. The country is done for in large part because too many apathetic people are unable to discern very real differences in their political options, and instead of participating, you eject and poison the well on the way out which is exactly what the "rich" want you to do. You're not high-minded for your stance, you haven't figured out some secret, you're quite literally playing into their hand. Go vote in a Democratic primary and do something useful with yourself.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#125

Post by hnthrowaway0315 »

HumblyTossed wrote: post #36
giantg2 wrote: post #21

Earlier quoted context omitted.

Those are real wages. We would expect to see that during a sudden jump in inflation. Wages tend to lag inflation. The other interesting part in that article is that excluding fuel and food still shows 2.8% inflation - only 1% attributable to food and fuel. Makes it seem like the main article and this article have different spins. Edit: Wow people are jumping on this. The point is that food and fuel increases account…

For most Americans (aka: not the top 5% like SWEs), food and fuel increases hurt a lot.

SWEs do feel the pain, too. Not everyone has a 200K+ gig. Especially for a big family.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#126

Post by dirck-norman »

sosomoxie wrote: post #61
dirck-norman wrote: post #34

Earlier quoted context omitted.

[flagged]

Wow, this is just a blatant lie. It’s Israel that is ethically cleansing Lebanon, not Iran. The hasbara is getting more desperate every day.

[flagged]

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#127

Post by b40d-48b2-979e »

AntiUSAbah wrote: post #44
dwa3592 wrote: post #17

I understand it is a complicated calculation but to me personally, inflation feels much more than that. I have been tracking the price of milk. Around 3 months ago, i was getting a gallon of milk at $2.97, then it went up to 3.07, then 3.25. Yesterday I paid 3.40. That's like 15% gain on something as basic as milk. All numbers from the same store.

Inflation itself is not a good metric as soon as you leave the avg. You are on HN, the chance you are part of the american average is very low. That 15% cost is not relevant if you don't drink milk. Its also a lot less if you are able to save money. That money saved might be for something very specific like one specific car or a house. The house market, as far as i understand it, is more decoupled from inflation than…

    You are on HN, the chance you are part of the american average is very low.
This is a weird statement coming from a German bystander commenting on American politics with the username "Anti-USA".

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#129

Post by irishcoffee »

bix6 wrote: post #109

What I don’t understand is how the stock market can be so decoupled from reality. It’s a game at this point and completely disconnected from reality. Everything should be down 20%+ given oil is an input to everything and yet stocks are ATHing.

When you are inject 3-5 trillion dollars into the economy over the span of months, it takes a while for reality to catch up.

Re: US inflation jumps to 3.8% as energy costs surge from Iran war

#130

Post by watwut »

sosomoxie wrote: post #4

A completely unnecessary war that benefits no one other than Israel and harms the rest of the world. The only positive to come from this is the annihilation of US military assets in the Middle East and an even deeper unity of the world against Zionism. It’s tough times but we will ultimately defeat this heinous ideology.

Russia is also benefiting. China less so, but it gives them advantage in their competition with west.
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