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Inflation at its highest in 40 years…

Discussion in 'BBS Hangout: Debate & Discussion' started by LosPollosHermanos, Dec 10, 2021.

  1. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    I just think it's obvious not to use an electric vehicle to drive cross country unless you know the challenges that will come with that. They aren't designed for road trips but rather local commuting and short distance driving. Seems like a contrived piece of journalism.
     
  2. adoo

    adoo Member

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    add ot it, these developing market dynamics
    • over-compensating for the supply shortage, attributable to the global supply chain bottleneck, big retailers (Target, HD, Lowes, Walmart, Costco, etc.) had been builting up too much inventory. eg, Target's inventory level is 43% higher than last year
      • they are / will be aggressively clearing that inventory in time for back-to-school sales.
        • this means that discount retailers such tjMax, Marshall, 5Below, dollar tree, etc.will have an abundance of lower-price items to sell
    • lumber prices, the most vivid leading inflationary indicator during the pandemic, have declined >60% since the the all-time high in mid-2021, https://azbigmedia.com/real-estate/...-falling-but-when-will-consumers-see-savings/
     
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  3. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    This is just such a fabrication it needs to be called out.

    Dems did not fund the China Syndrome. It was a Hollywood movie with Jane Fonda for god's sake.

    The reality is that no one wanted a nuke plant in their backyard - most Republicans as plants were not built in cities for obvious reasons.

    Even still, that's not the only reason as to what killed nuclear. What killed it was economics. The high investment cost of building a reactor scares off investors. And natural gas and other fossil fuels became more competitive.

    In fact, one of the very few reactors being built today is by Bill Gates, the rich guy so beloved by conservatives.
     
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  4. tinman

    tinman Contributing Member
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  5. Os Trigonum

    Os Trigonum Contributing Member
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    "thoughts and prayers"
     
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  6. Haymitch

    Haymitch Custom Title
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    Weekly grocery bill was just under $200. Wtf.
     
  7. DaDakota

    DaDakota If you want to know, just ask!
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    Corporations profits are the highest in 50 years....this is pure profiteering.

    DD
     
  8. Jontro

    Jontro Member

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  9. Rocket River

    Rocket River Member

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    At least 75% of all "Inflations" is simply price gouging and greed

    Rocket River
     
  10. Roc Paint

    Roc Paint Contributing Member

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    Thank God I live 1.7 nautical miles from work
     
  11. Bandwagoner

    Bandwagoner Contributing Member

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    greed didn't exist for 15 years?

    seems unlikely
     
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  12. Invisible Fan

    Invisible Fan Contributing Member

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    Climate change affecting crops like wheat , corn, precious sriracha peppers... Years long drought in California won't help either.

    Then there's the fertilizer shortage made more acute by the Russia embargos.

    Is it that bad an idea to **** on electric as an elitist tool to control the masses?

    Seems like we're all gonna slow cook in our rose-smelling farts while thinking cheaper gas by any means necessary is the answer out of this.
     
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  13. Rocket River

    Rocket River Member

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    Chaos is a latter

    Rocket River
     
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  14. supaflyz

    supaflyz Member

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    I should of kept my Rav4. My f150 takes about $125 to fill up the 36 gallon tank.
     
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  15. whag00

    whag00 Contributing Member

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    “Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since 1981, the Bureau of Labor Statistics reported Friday.

    The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate.”

    https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html

    Even worse than expected…
     
  16. Space Ghost

    Space Ghost Contributing Member

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    This isnt good news at all. I wonder what our economist experts @adoo and @Major think about this? I did observe a whopping 4% increase in gas prices midday yesterday.

    So much for that soft landing?
     
  17. Sajan

    Sajan Member

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    [​IMG]

    Thanks Obama.

    Can't wait to buy a 1 bedroom house in the houston burbs for 2 million...
     
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  18. HTM

    HTM Member

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    Don't look at the stock market
     
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  19. DaDakota

    DaDakota If you want to know, just ask!
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    The Stock market is NOT the economy.

    DD
     
  20. HTM

    HTM Member

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    Don't look at the economy either

    - HTM
     

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