Article

2022-03-11 Economy

CPI up 7.9% in year ending Feb 2022 Worst in over 40 years

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Posted by Lord Garth 2022-03-11 00:00|| || Front Page|| [9 views ] Top

#1 oops 40 years not 30

Posted by Lord Garth 2022-03-11 05:01|| 2022-03-11 05:01|| Front Page Top

#2 And much worse to come. BOHICA.

Sacrifice for Ukraine? FUCK NO

Posted by No Fortunate Son 2022-03-11 05:10|| 2022-03-11 05:10|| Front Page Top

#3 #1 - Fixed

Posted by Frank G 2022-03-11 06:57|| 2022-03-11 06:57|| Front Page Top

#4 re #2: what does the WH mean by 'substantially increase' (White House expects inflation will 'substantially' increase in coming months)? 8 percent inflation's not enough for them?

15 percent? 20 percent?

Posted by Hunter Bidens Laptop 2022-03-11 09:07|| 2022-03-11 09:07|| Front Page Top

#5 Hunter

a lot of housing inflation hasn't yet been recorded by the BLS because of the methodology but unless oil hits $150/bar the annual increases will probably be below 10% through the summer.

Of course 10% is horrible. A lot of business will be disrupted, people will lose opportunity to buy houses, people will lose jobs.

Posted by Lord Garth 2022-03-11 10:58|| 2022-03-11 10:58|| Front Page Top

#6 Cui bono?
Why are we doing this to ourselves?

Posted by Hunter Bidens Laptop 2022-03-11 11:26|| 2022-03-11 11:26|| Front Page Top

#7 as to who benefits, if you have a $1M mortgage with a 3% rate, count yourself as lucky

as to why we are doing this to ourselves, I'm pretty sure the Biden Admin basically believed (to some extent still believes) in its own theory of economics where wages rise but business costs don't, where windmills fuel cars, where budget deficits don't matter, etc.

Granted that this sounds insane but having met members of the USA ruling class, this type of insanity is pretty common.

Posted by Lord Garth 2022-03-11 13:29|| 2022-03-11 13:29|| Front Page Top

#8 Anyone going around saying get an EV if gas is too expensive, hasn't been paying attention is simply isn't affected by the price of electricity.

Posted by swksvolFF 2022-03-11 13:47|| 2022-03-11 13:47|| Front Page Top

#9 good point swksvolFF

I didn't think to highlight that but from Dec 20 to Dec 21, electric rates for residential are up about 8.5% on a national basis. Some States really feeling the pain, e.g., Hawaii where the increase was about 20% and rates are almost three times the national average.

Posted by Lord Garth 2022-03-11 15:29|| 2022-03-11 15:29|| Front Page Top

#10 Those EV batteries are gonna get REALLY expensive. Lithium spot price is up 114% since Jan 1 alone

Posted by Porthos 2022-03-11 15:43|| 2022-03-11 15:43|| Front Page Top

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