Re: Bidenflation and Shortage thread
Posted: Tue Apr 26, 2022 4:19 pm
Next will be that food shortages are transitory.
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Wipe your nose, sweetheart. You must be young that you don't remember we've been here before, and worse. I remember taking a mortgage at 10.5% - this ain't shit.SeattleGriz wrote: ↑Sat Mar 19, 2022 7:07 am Bahaha. Getting so bad, Dems are bringing in the evil gas executives to blame for the high prices.
I sure hope one of the gas executives points out like last time (to paraphrase), how they make .08 cents a gallon profit, while the Government adds .80 in taxes. So who is gouging the public?
Ha! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"houndawg wrote: ↑Tue May 03, 2022 6:39 amWipe your nose, sweetheart. You must be young that you don't remember we've been here before, and worse. I remember taking a mortgage at 10.5% - this ain't shit.SeattleGriz wrote: ↑Sat Mar 19, 2022 7:07 am Bahaha. Getting so bad, Dems are bringing in the evil gas executives to blame for the high prices.
I sure hope one of the gas executives points out like last time (to paraphrase), how they make .08 cents a gallon profit, while the Government adds .80 in taxes. So who is gouging the public?
Yeah, my dad said 18% for his mortgage too. Gosh, I really hope we can return the stagflation of the '70's, that would be great.SeattleGriz wrote: ↑Tue May 03, 2022 7:15 amHa! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"
GannonFan wrote: ↑Tue May 03, 2022 9:24 amYeah, my dad said 18% for his mortgage too. Gosh, I really hope we can return the stagflation of the '70's, that would be great.SeattleGriz wrote: ↑Tue May 03, 2022 7:15 am
Ha! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"
It won't be so bad if you don't have a mortgageGannonFan wrote: ↑Tue May 03, 2022 9:24 amYeah, my dad said 18% for his mortgage too. Gosh, I really hope we can return the stagflation of the '70's, that would be great.SeattleGriz wrote: ↑Tue May 03, 2022 7:15 am
Ha! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"
Not bad for me, I'm locked in at 2.75% for my mortgage. Unfortunately for those looking for houses now, those aren't the rates and they don't have the cash to get a smaller or no mortgage. Rental rates are through the roof too so no relief there. If people could just get used to not having a home I'm sure we'd be all good.
We’re there. Negative GDP, runaway inflation. Fucking awesome.GannonFan wrote: ↑Tue May 03, 2022 9:24 amYeah, my dad said 18% for his mortgage too. Gosh, I really hope we can return the stagflation of the '70's, that would be great.SeattleGriz wrote: ↑Tue May 03, 2022 7:15 am
Ha! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"
Dems. Bitch on one hand about young people not being able to afford houses, and then drive the economy off a cliff to the point where rates are skyrocketing and they will NEVER be able to afford one now. Seriously, you can’t make this shit up.GannonFan wrote: ↑Wed May 04, 2022 6:42 amNot bad for me, I'm locked in at 2.75% for my mortgage. Unfortunately for those looking for houses now, those aren't the rates and they don't have the cash to get a smaller or no mortgage. Rental rates are through the roof too so no relief there. If people could just get used to not having a home I'm sure we'd be all good.
So glad I locked in a 15 year note at 2.75 back in 2016.AZGrizFan wrote: ↑Wed May 04, 2022 3:38 pmDems. Bitch on one hand about young people not being able to afford houses, and then drive the economy off a cliff to the point where rates are skyrocketing and they will NEVER be able to afford one now. Seriously, you can’t make this shit up.GannonFan wrote: ↑Wed May 04, 2022 6:42 am
Not bad for me, I'm locked in at 2.75% for my mortgage. Unfortunately for those looking for houses now, those aren't the rates and they don't have the cash to get a smaller or no mortgage. Rental rates are through the roof too so no relief there. If people could just get used to not having a home I'm sure we'd be all good.
https://www.cnbc.com/2022/05/11/cpi-april-2022.htmlInflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. That represented a slight ease from March’s peak but was still close to the highest level since the summer of 1982.
Removing volatile food and energy prices, so-called core CPI still rose 6.2%, against expectations for a 6% gain, seemingly dashing hopes that inflation had peaked in March.
The price gains also meant that workers continued to lose ground. Real wages adjusted for inflation decreased 0.1% on the month despite a nominal increase of 0.3% in average hourly earnings. Over the past year, real earnings have dropped 2.6% even though average hourly earnings are up 5.5%.
And the things that really matter to people -Winterborn wrote: ↑Wed May 11, 2022 6:11 amhttps://www.cnbc.com/2022/05/11/cpi-april-2022.htmlInflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. That represented a slight ease from March’s peak but was still close to the highest level since the summer of 1982.
Removing volatile food and energy prices, so-called core CPI still rose 6.2%, against expectations for a 6% gain, seemingly dashing hopes that inflation had peaked in March.
The price gains also meant that workers continued to lose ground. Real wages adjusted for inflation decreased 0.1% on the month despite a nominal increase of 0.3% in average hourly earnings. Over the past year, real earnings have dropped 2.6% even though average hourly earnings are up 5.5%.
They can say "slight ease" all they want, but this is yet again another crappy inflation number. This is why you don't let inflation out of the bag in the first place, because it's incredibly hard to fix once its there. The central bank and the Biden administration couldn't have done a worse job economically than they have. This is Carter-esque in terms of economic management, and even then that might be too harsh on Carter.
Yeah, and I remember there was another Donk in the White House at that time too.houndawg wrote: ↑Tue May 03, 2022 6:39 amWipe your nose, sweetheart. You must be young that you don't remember we've been here before, and worse. I remember taking a mortgage at 10.5% - this ain't shit.SeattleGriz wrote: ↑Sat Mar 19, 2022 7:07 am Bahaha. Getting so bad, Dems are bringing in the evil gas executives to blame for the high prices.
I sure hope one of the gas executives points out like last time (to paraphrase), how they make .08 cents a gallon profit, while the Government adds .80 in taxes. So who is gouging the public?
...wrong, as, evidently, is your custom.