Bro stop it. Hyperinflation is defined as 50% and higher monthly inflation. The fact you brought up prewar Germany, the one hyperinflation situation ever taught about in the history of the world should tell you something. People don't even read the newspaper anymore and they are stil cheap here today. Wtf is that supposed to prove? This is extreme for you. Hypervommodoertion
The Astros have more demand right now because they are good so more people want to see them. Ecomonics
You mean price gorging suckers plus inflation It’s still wrong to charge that much for non alcoholic beverages Economics also shows that inflation out of control You ever been to LA?$6 a gallon
Inflation is a problem but it's not hyperinflation. Oil prices are purely supply and demand. Prices of food and beverages at a stadium and movie theater is another topic https://abc13.com/astros-game-costs-minute-maid-park-sporting-post-mlb-speed-of-play/13324794/ Minute Park is expensive but these prices have been about the same for a while Edit: the price of oil effects everything. I don't keep up with it as much as I used to but a quick look shoes OPEC is cutting supply. California has their taxes and fuel standards
Yesterday, The Federal Reserve said will pause its rate hikes, keeping its benchmark lending rate at a 22-year high, while signaling fewer rate cuts next year. The move was widely expected, after the central bank signaled in recent weeks that it intended to wait for more data to understand how previous rate hikes are affecting the US economy. Since March 2022, the Fed has lifted interest rates 11 times and held them steady twice, including September’s pause. The Fed’s latest set of economic projections showed that “The new projections suggest that the Fed has a fairly strong degree of confidence in its outlook for a soft landing and, in turn, that there will be very minimal space for policy easing next year,” " the message of ‘higher for longer’ and reflects the continued wariness and fear of an inflation resurgence if it takes the foot off the brake too soon and too quickly,”
Fun Boozy Fact: You don't need to submit the detailed receipt to the IRS for expense purchases under 75 bucks. A credit card statement/digital submission is fine, but i guess The Inflations is making that harder for poor Davie. I wonder if Brooks is a scotch or whisky kind of guy. Also, that deal is way too cheap for airplane food. I would've expected 1.5x to double at a place like Newark.
I went to burgerfi's yelp (ims srs about junk food prices). It's an ok deal but def not where Brooks ate. That salad in the screenshot hints a sitdown bar that doubles the price of a diner meal. 50 with a drink isn't abusing expenses at all nowadays... https://yelp.to/lQCKtaxcwu Thanks Ron for the rapid fire meme response... I guessing he makes "enough" not to sweat outdoor dining.
I believe this qualifies as greed, resulting in artificial inflation within the used-car industry. It ultimately leads to profits for a select few greedy individuals, while everyone else pays the price. If the economy were to plummet due to yet another financial scheme... Wall Street Bet Big on Used-Car Loans for Years. Now a Crisis May Be Looming. — ProPublica Wall Street could always bank on used cars. In fact, for years, investors bought bonds backed by auto loans because they reliably produced handsome returns, even amid rocky markets and downturns in the economy. But now, for the first time in decades, that winning streak appears to be coming to an end, with a half dozen prominent used-auto lenders facing either an avalanche of failed loans — or growing regulatory scrutiny. The Consumer Financial Protection Bureau is currently suing two of those lenders over potentially predatory practices. Together, experts say, the woes could signal a significant blow to a key pillar of the U.S. economy. The first warning sign came in late February, when a company called American Car Center, which offered loans to customers with troubled credit histories, abruptly closed its 40 dealerships across the South and filed for bankruptcy protection. Then in April, another lender called U.S. Auto Sales also collapsed, shuttering dozens of dealerships in several states. ... Lenders then used that steady revenue to fund a massive increase in new loans, particularly to people with low or even nonexistent credit scores. As a result, since 2020, the nation’s auto-loan balance jumped 28% and now totals more than $1.5 trillion, making it the fastest-growing type of consumer debt in the U.S., according to data from the Federal Reserve Bank of St. Louis. ... Lenders then used that steady revenue to fund a massive increase in new loans, particularly to people with low or even nonexistent credit scores. As a result, since 2020, the nation’s auto-loan balance jumped 28% and now totals more than $1.5 trillion, making it the fastest-growing type of consumer debt in the U.S., according to data from the Federal Reserve Bank of St. Louis.
Unlike a traditional lender, which assesses whether a borrower can repay a loan, CAC assumes from the outset that many of its customers will, in fact, default. Authorities accuse the company of charging interest rates so high that they violate New York law, as well as inducing dealers to inflate prices. As a result, “the median selling price for CAC consumers nationwide is over 77% greater” than the wholesale value of the vehicle, according to the complaint. Those prices also dramatically exceed standard retail prices, which include dealer markups.
August data for the core personal-consumption expenditures (PCE) index will be released Friday; it is the Fed’s preferred measure of inflation. It could be the next major catalyst that shifts the needle on expectations for where rates—and, thus, bond yields and likely the dollar, are going. “in July, The PCE price index had edged up, from 3.0% to 3.3%,”, https://www.bea.gov/data/personal-consumption-expenditures-price-index
