Rising Prices

[ukalumni00]

Guess a good thing is that meat has gotten so expensive we have basically eliminated it from our grocery list. May avoid heart disease for awhile longer now.

How lower income folks are raising a family right now with these costs is beyond my comprehension.

 

[bigsmoothie]

See this right here is what I was talking about earlier. Do you want a gallon of milk that costs .54 cents?? Like WTF? So the company was producing it for what? Like .15 cents? It seemed to me before this “inflation” hike that some stuff was alarmingly cheap like it didn’t make sense. I mean how the hell were they making that milk to turn a profit at 54 cents?? It seems to me some stuff is ridiculously priced now (like PTI said being price gouged) but some stuff actually seems like a normal price now.

He exaggerated every cost he listed. Not a single one was true. Not in the last 15 years.

 

[Bill - Shy Cat]

Never thought the country could harmed so much in just one year. We'll need to take care of our elderly on fixed income who were already cutting costs and making other personal sacrifices before this ****-storm was inflicted upon them.

 

[502 Wildcat]

It's absolutely nuts and it was easy to see coming. But, you know, mean tweets...we can't have that.

 

[Rebelfreedomeagle]

The prices of groceries is what I’ve noticed the most, particularly meat. Funny thing is, the people I know who farm aren’t making as much as they did when prices were low. Dairy farms are going under all over the area.

 

[JoeSwag]

My brother is a developer and builds houses. In a span of 18 months, his prices have risen at least 37% on his floor plans. So if you were fortunate to buy a house from him back then, you have over six figures of equity in your house. Now, you could sell just like you could sell your car for a bigger price but where are you going to live and what are you going to drive when prices are insane everywhere?

Everything is a chain reaction across the board. Inflation hits the middle and lower class harder than anyone. This was very intentional from our political masters. I'm sure the World Economic Forum is happy. I'm sure they have another "Eat the bugs! Live in a pod!" article ready to roll.

I know most of our politicians are absolute morons but they're doing the bidding of others. I don't want to underestimate their stupidity but it's hard to think you could do this much damage in a short period of time on mere incompetence as opposed to it being intentional.

 

[Mdnerd]

My brother is a developer and builds houses. In a span of 18 months, his prices have risen at least 37% on his floor plans. So if you were fortunate to buy a house from him back then, you have over six figures of equity in your house. Now, you could sell just like you could sell your car for a bigger price but where are you going to live and what are you going to drive when prices are insane everywhere?

Everything is a chain reaction across the board. Inflation hits the middle and lower class harder than anyone. This was very intentional from our political masters. I'm sure the World Economic Forum is happy. I'm sure they have another "Eat the bugs! Live in a pod!" article ready to roll.

I know most of our politicians are absolute morons but they're doing the bidding of others. I don't want to underestimate their stupidity but it's hard to think you could do this much damage in a short period of time on mere incompetence as opposed to it being intentional.

It’s 100% intentional and it’s clear they don’t care at all and only intend to make things worse. The politicians in power are actually mad they can’t pump trillions more into the system and accelerate the destruction. Fixing this or making things better isn’t even a thought in their head.

 

[Ron Mehico]

I don’t know how you can say it’s intentional. Both republicans AND democrats printed trillions and put it out into society. By having more money it will have less value. It’s common sense. The initial knee-jerk reaction by Republicans at the very start of the pandemic (just flat out giving money even to those still working that didn’t even need it) and then prolonged lockdowns and closing the pipeline and all that crap by the democrats exasperated everything. It wasn’t going to happen overnight this was always the inevitable end result after things opened back up and millions had extra cash sitting around. We’re probably looking at a couple years of this and then normalizing hopefully. It’s like a car wreck where one car in the front of the line causes the 25th car to be stuck in traffic for an hour.

 

[JoeSwag]

I don’t know how you can say it’s intentional. Both republicans AND democrats printed trillions and put it out into society. By having more money it will have less value. It’s common sense. The initial knee-jerk reaction by Republicans at the very start of the pandemic (just flat out giving money even to those still working that didn’t even need it) and then prolonged lockdowns and closing the pipeline and all that crap by the democrats exasperated everything. It wasn’t going to happen overnight this was always the inevitable end result after things opened back up and millions had extra cash sitting around. We’re probably looking at a couple years of this and then normalizing hopefully. It’s like a car wreck where one car in the front of the line causes the 25th car to be stuck in traffic for an hour.

Covid and the lockdowns were intentional. This is bigger than simple Republican/Democrat. Just my belief.

 

[Ron Mehico]

Covid and the lockdowns were intentional. This is bigger than simple Republican/Democrat. Just my belief.

This was an unprecedented event that needed a thoughtful approach by intelligent, true leaders. People that possibly needed to go against public opinion and do things that were necessary, even if not popular. It was an election year, and our political system has been set up to put career politicians in power, people who’s only goal and also self image is to be a politician. Meaning their main priority is to be re-elected and remain a politician. This event highlighted our incompetent leadership that is brought about by the failures of our political system. Just my opinion.

 

[ukcatz12]

Never thought the country could harmed so much in just one year. We'll need to take care of our elderly on fixed income who were already cutting costs and making other personal sacrifices before this ****-storm was inflicted upon them.

You really think all of the seeds for this were planted between now and January 20, 2021? This has nothing to do with all the money handed out in 2020? Car prices have nothing to do with Covid chip shortages? Gas prices have nothing to do with decreased supply to due Covid that can't catch up fast enough? Or the fact that Trump made a deal with OPEC to keep supply low through June 2023? Food prices have nothing to do with things like bird flu outbreaks?

This isn't Trump's fault and it isn't Biden's fault (and while we're at it let's stop thinking the President has a drastic impact on the economy). It's the perfect **** storm that's been brewing since February 2020. It's a combination of giving away free money throughout 2020, supply chain issues, and a little bit corporate greed cashing in on an excuse to raise prices. You're seeing this happen all over the world. It's not the fault of an American President, whether he's Republican or Democrat.

 

[sefleming]

Supply and demand. They supply the product and demand what ever price they want.

 

[ukcatz12]

I don’t know how you can say it’s intentional.

Agree. Never attribute to malice that which can be adequately explained by stupidity (and in this case it's not even really stupidity).

An international economy is extremely complex and even economists struggle to understand the exact cause of inflation events decades after the fact. There's not a nefarious force behind the curtains pulling the lever to cause inflation. It's just a bunch of people trying to figure things out but it's literally impossible to know how all the factors will interact with each other years down the line.

 

[MegaBlue05]

For me it’s the cost of meat. I paid $110 for five ribeye steaks the other day. Could’ve eaten out for that cost.

Gas is the second most expensive in my adult life. It hit $4.25 in my town in 2008. It’s “only” hit $3.99 in 2022.

I blame it on inept political figures on both sides but moreso with Sleepy Joe, the Ukraine conflict being used as a cover for price gouging and corporate America recouping that fat *** loss they took in 2020.

Just an absolute **** show.

On a positive note: My weed man has charged the same prices for ounces since 2015.

 

[sefleming]

Just called lumber place a sheet of thin plywood for arts and crafts projects was $12 now $22. Np way for common people to survive.

 

[Mdnerd]

Agree. Never attribute to malice that which can be adequately explained by stupidity (and in this case it's not even really stupidity).

An international economy is extremely complex and even economists struggle to understand the exact cause of inflation events decades after the fact. There's not a nefarious force behind the curtains pulling the lever to cause inflation. It's just a bunch of people trying to figure things out but it's literally impossible to know how all the factors will interact with each other years down the line.

That’s an incredibly naive take, but good for you.

 

[Mdnerd]

I don’t know how you can say it’s intentional. Both republicans AND democrats printed trillions and put it out into society. By having more money it will have less value. It’s common sense. The initial knee-jerk reaction by Republicans at the very start of the pandemic (just flat out giving money even to those still working that didn’t even need it) and then prolonged lockdowns and closing the pipeline and all that crap by the democrats exasperated everything. It wasn’t going to happen overnight this was always the inevitable end result after things opened back up and millions had extra cash sitting around. We’re probably looking at a couple years of this and then normalizing hopefully. It’s like a car wreck where one car in the front of the line causes the 25th car to be stuck in traffic for an hour.

Both sides are guilty for different reasons. Doesn’t change the fact it was very much intentional, and still is. It’s a means to an end in terms of social agenda.

 

[Ron Mehico]

Both sides are guilty for different reasons. Doesn’t change the fact it was very much intentional, and still is. It’s a means to an end in terms of social agenda.

I think your posts would be a lot more accurate if you started or finished with “in my opinion”.

 

[Bill - Shy Cat]

You really think all of the seeds for this were planted between now and January 20, 2021? This has nothing to do with all the money handed out in 2020? Car prices have nothing to do with Covid chip shortages? Gas prices have nothing to do with decreased supply to due Covid that can't catch up fast enough? Or the fact that Trump made a deal with OPEC to keep supply low through June 2023? Food prices have nothing to do with things like bird flu outbreaks?

This isn't Trump's fault and it isn't Biden's fault (and while we're at it let's stop thinking the President has a drastic impact on the economy). It's the perfect **** storm that's been brewing since February 2020. It's a combination of giving away free money throughout 2020, supply chain issues, and a little bit corporate greed cashing in on an excuse to raise prices. You're seeing this happen all over the world. It's not the fault of an American President, whether he's Republican or Democrat.

https://www.cnbc.com/2021/06/09/tc-energy-terminates-keystone-xl-pipeline-project.html

 

[ukalumni00]

Out of control spending has been going on for decades and both sides of the aisle. Sooner or later the can is so squashed it cannot be kicked any further down the road. We are either at or very close to the end of that road and its time to pay the piper. Covid government spending just escalated the inevitable.

 

[wildcatsboston1984_rivals]

How lower income folks are raising a family right now with these costs is beyond my comprehension.

It was damn near impossible before the inflation. I live in a relatively low cost of living city, compared to the national average - 93.6 vs. 104.63 COL index, the lower the better.

Even before, unless you wanted to rent an apartment that was so bad it should be condemned and wiped off the face of the earth, you were having to pay at least $800 in just rent a month.

If one were to make the $15.97 living wage* as a single person, after taxes it's only 12.28/hour. It would take 61.5 hours a month to pay off just the rent. You're working 1.5 weeks just to pay nothing but rent. And there's a whole lot of damn jobs around here that don't pay $15.97 an hour. And I'm not talking entry level, low skill, summer job for students type jobs either.

Single person with one child? Well living wage is $31.03, which is 64,524 a year. Two adults and a child? 24.54, or 51,043 a year. Even a lot of the high paid trade skills positions require an advanced skill set/certification that is obtained through a trade program thru the local community college.

*https://livingwage.mit.edu/

 

[Fact_Checker]

It's absolutely nuts and it was easy to see coming. But, you know, mean tweets...we can't have that.

Can't we be smarter about the money supply and not have Trump? These two don't seem mutually exclusive. Like can we get a conservative who is not an embecile? There's plenty of them out there.

 

[wildcatsboston1984_rivals]

Can't we be smarter about the money supply and not have Trump? These two don't seem mutually exclusive. Like can we get a conservative who is not an embecile? There's plenty of them out there.

Generally, only imbeciles run for public office though. There are some exceptions, but it's few and far between.

 

[wkycatfan_rivals376690]

I get sticker shock everytime I go to the grocery store and the total comes up. Inflation is the highest it's been in my entire adult life. (and I am OLD)

If one more influencer or politician tells me it's Putin's fault, or it's an overdue adjustment I might lose it.

This administration/HOR/Senate is the worst conglomeration I've ever seen. Even by DC standards it's peerless in it's ineptitude.

And it's not just the present state of affairs, although that is singularly bad, it's the breath-taking speed with which they've f***ed it up. If they had done NOTHING; just switched it on auto-pilot and went to lay down for a 2 year nap, we'd be better off than where we currently stand.

It's not just this administration IMO. The whole COVID lockdowns, giving away, printing stimulus money (trump and biden), monkeying with unemployment benefits, world events, have all played a part.

But this administration is not economic friendly.

 

[ukcatz12]

https://www.cnbc.com/2021/06/09/tc-energy-terminates-keystone-xl-pipeline-project.html

So you think a canceling pipeline that wouldn’t have been operational for a decade is the cause of all this inflation?

 

[WayneDougan_rivals170043]

The dumbest thing ever was passing out stimmy checks when we were basically locked down. There was literally nothing to do with that cash than to buy stuff off of Amazon.

 

[Ron Mehico]

As someone that received a massive PPP loan I’d rather not go into how ridiculous that was. I was literally handed six figures for no reason. And I know tons of others that had the same thing happen. Just trillions of wasted dollars. Trillions. No **** there is going to be inflation, what the hell else was going to happen?

Or the massive unemployment clusterf*ck that everyone is glossing over. Don’t get me started on how many employees I had to deal with claiming unemployment up until last month for 26 months that worked for me for two weeks or that hadn’t even worked in my business for 2 months before the pandemic started. Or the billions in just flat stolen unemployment that they never found. Just complete insane mismanagement that people are acting surprised we have to deal with now.

 

[Anon1640710541]

Speak for yourself Wayne. Nobody should worry about the rising cost of everything these days. I mean, they got $1300 two years ago. That should be enough.

 

[wildcatsboston1984_rivals]

As someone that received a massive PPP loan I’d rather not go into how ridiculous that was. I was literally handed six figures for no reason.

Why did you apply for it then?

 

[Ron Mehico]

Why did you apply for it then?

Because I didn’t know if I would need it, because I was encouraged by my financial consultants and accountant to do it, and because I also wanted to benefit from the extra cash the government was handing out.

 

[ukcatz12]

Because I didn’t know if I would need it, because I was encouraged by my financial consultants and accountant to do it, and because I also wanted to benefit from the extra cash the government was handing out.

I got a PPP loan as well. It’s easy in hindsight to say if a business needed it or not but March 2020 was a scary time. If there was even a chance of needing one and you qualified you had to get one.

 

[Ron Mehico]

I got a PPP loan as well. It’s easy in hindsight to say if a business needed it or not but March 2020 was a scary time. If there was even a chance of needing one and you qualified you had to get one.

Absolutely, and I didn’t mean to be flippant or act like I gamed the system for a business loan. What I meant was for me, personally, the way they calculated how much to give me and how I qualified for it made no sense. They gave me way more than I needed and a lot of it was calculated by gross income and didn’t factor my fixed expenses, which is really dumb from a financial perspective. It was just completely mismanaged. And a lot of this is looking at it in retrospect, at the time I didn’t know what to expect but looking back I feel they really should have put more thought and conditions in handing out but it just seemed like they were just throwing money at things.

 

[kyeric]

The price of lumber, price of houses has skyrocked. One lumber board we got last year was under $2.00 a board now $3.75. Last time I checked plywood was sky high.

I'm finishing my basement. Luckily I bought my lumber before the price increase. A 2x4x10 was $3.35 when I bought them. They are north of $10 or $11 now.

 

[berniecarbo]

I did not even apply. I don't want anything from the government except for them to mind their own business.

 

[bigsmoothie]

You

I did not even apply. I don't want anything from the government except for them to mind their own business.

You showed them

 

[LineSkiCat14]

Can't we be smarter about the money supply and not have Trump? These two don't seem mutually exclusive. Like can we get a conservative who is not an embecile? There's plenty of them out there.

Was he an imbecile, though? A jackass, yes. An immature child at times, absolutely. I think we ALL wish he'd shut his mouth sometimes.

But he did a lot of things right. Hard for me to think that 2016 to 2020 wasn't going pretty well. We were hammering china on trade and then a Pandemic hit. I'd trade Biden for that imbecile in a heart beat.

 

[berniecarbo]

You

You showed them

I am against big government. You think I should have went against my principles to try for some personal gain?

 

[bigsmoothie]

I am against big government. You think I should have went against my principles to try for some personal gain?

Of course. That’s the American way

 

[bbncal02]

This is a made up number. We need to see that receipt.

Yeah because I get so many fake internet points to buy my next drink with. Seriously?

 

[bbncal02]

Since COVID, I've really taken this time to cut back on spending and just stockpile as best I can. Too much uncertainty over the last few years. So if I dont need it, I'm not buying it.

I swear my generation is going to be just like my grandparents who came out of the depression, cheap and frugal as ****. About to be 3 recessions and a pandemic before I'm 36.. I really don't know what it's like to live in some golden era (maybe the early 2010's, but I'd argue that was just climbing out of the hole from 2007).. at least not in my adult life. It's been absolute **** since graduating college.

So no, I don't buy ****. I splurge a bit on groceries to make quality meals because I enjoy cooking and eating well.. I like my bourbon, craft beers, and happy hours.. and I spend a little extra on fitness/gym memberships.. that's about it.

Dude. Millennials have just taken it one the chin repeatedly. This will be like the third big recession coming up. It’s insane.

I always swore I wouldn’t be a big spender, but dang, I’m afraid to buy things at all anymore. It’s insane!