7% is abating? Damn…
So is that the plan? Make things so damn bad that when they improve, although exponentially worse than where it started, you claim victory?
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Rising Prices
- Thread starter bbncal02
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7% is abating? Damn…
So is that the plan? Make things so damn bad that when they improve, although exponentially worse than where it started, you claim victory?
Yeah it dropped a whopping .20%. Which will do almost nothing for the average American.
Meanwhile gas stays ridiculously high.
Which means less money to spend on other things like savings, or vacations, or concerts. Which will bring the slow the economy to a stall.
Us millennials have just kinda resinged ourselves to everlasting recession at this point. We’ve definitely gotten the short end in a lot of ways.
Never said you like politicians. You said you hate to get political. That's a big ol' falsity-false.
Price of Blue Bell is going down, thank the lord in heaven. Kroger had 2 for $10 sale going, and Walmart was down to $6 a bucket. That will do wonders for morale.
We reduced domestic energy production then we talked everyone into not buying Russian energy. Then we begged former foes to sell us energy but they refused.... so energy shortage. Really predictable if you think about it.
Biden absolutely has to do an about face on energy production. Revisit all pipeline opportunities and increase production here. Gas will be 5 bucks a gallon here soon. Diesel? Yikes.
Wheat can somewhat be explained with war but milk too? If there's any good news, mass liquidations are happening this week. Can a bottom be far behind?
You have to think longer term. Regular contributions to savings and a 401k are made for times like these unless you want to keep buying Bitcoin at $62k or SPY at $500. Just in case the world isn't coming to an end.
The U.S. government handed out money like it was water during COVID and increased our national debt by ~10 trillion. The outcome of such runaway spending is runaway inflation. Too many dollars out there chasing far too few goods. Entirely predictable.
The "fix" is coming: Higher interest rates, people getting concerned and conservative about the family budget and holding onto their money, which decreases demand and prices begin to fall, and we will probably end up in a recession before it gets better--but gas prices need to stabilize before any of that will work.
Yes, my post was sarcasm and mocking those who thought Biden would lead us into a magical economic boom as was the political class’ prediction early last year.
Lot of people here bought into it as well - just search the inflation thread and read the first page or two.
Didn’t take much thought to understand what was ahead.
So much winning I just can't take any more. 81m votes, my ***.
