This is not going to be news to CTH readers and intellectually honest analysts. The Bureau of Labor and Statistics has released the March consumer pricing data [DATA HERE] showing the recent surge in energy, gasoline and food costs that we have all felt.
The monthly increase of 1.3% brings the annual rate of inflation to 8.5 percent year-over-year. However, the details tell the exact story we have been outlining for well over six months. This is the second wave of inflation being recorded. Grocery store prices (food at home), energy prices, and gasoline prices are all driving the inflation rate. [BLS Table 1]
Again, I modified Table-1 to take out the noise. The data shows what we have felt for the past two months. Working class families are feeling the pinch as their wages cannot keep pace with the increase in prices on products that are a priority. Food, housing, gasoline, energy.
If we were using the old CPI method for analysis, current inflation would be well above 20%.
That said, there are issues also inherent and visible in the data for the non-food and energy segments, what I would call the durable goods side. First, we are seeing the beginning of the durable good contraction getting quantified as we have previously discussed. The prices for used vehicles, electronics, appliances and other non-critical durable goods are now flatlining, or even dropping in price.
Every indication within the economy indicates this is being caused by a demand contraction. People are not purchasing durable goods because their disposable income is gone. This lack of demand also shows up in wage rate suppression. Despite high employment, wages are not rising – in part because there is excess productivity in the durable good economy.
You will note from Table-2 [available here] that food away from home, restaurant food, is not climbing as high as food at the grocery store (0.3% -vs- 1.5%). Restaurants are trying to keep prices down and their profit margins are being eroded. They are in a tough place, because if restaurants raise prices, they may lose customers who are already feeling pain in their checkbooks. However, they cannot hold out much longer before raising prices, because the price increases are permanent.
The good news is the March data appears to quantify the apex of the second wave rate of inflation. The rate of increase in food, fuel and energy will now start to moderate and slow down. The prices may, likely will, keep going up, but they will go up less dramatically than they have in the past six months. This price plateau will hopefully remain in place until late summer, that’s when the next harvest food costs will hit in Wave-3.
On the durable goods, what we will see now is a typical demand side issue. Price increases for durable goods will quickly, if they are not already, be less connected to material costs and more connected to demand. Obviously, the cost to manufacture, create, produce, transport and deliver durable goods is still experiencing upward pressure due to raw materials. However, the demand variable will now enter more dominantly.
With wage growth meek and prices still rising on essentials like food, housing, energy and gasoline, demand for non-essential durable goods will drop. The demand decline should naturally put downward price pressure on appliances, electronics, used vehicles, etc. Unfortunately, this also contracts the overall economy, creates unemployment, and indicates “stagflation.”
(MSM) – […] The consumer price index leaped 8.5% annually, the fastest pace since December 1981, the Labor Department said on Tuesday, likely cementing Federal Reserve plans for an unusually large half-point interest rate hike early next month. That increase is up from 7.9% in February and inflation now has notched new 40-year highs for five straight months. (more)
We will need to watch the service side closely now to see if consumers start to lessen travel, entertainment, and other service side expenses.
Protect your family. Be frugal, wise and smart with expenses. However, do not trouble yourself with dark imaginings.
If you are like most here, you have prepared yourself with commonsense actions and you are a doer who fixes problems, not a naysayer who sits around mulling over them. Your family, kids and/or grandkids as well as your community can benefit from wise, albeit sometimes stern, counsel. Stand strong, stand firm and stand resolute.
All of these challenges are simply that, challenges. Work any problem as it arises, including for the kids. And also remember, God is in charge, not you. So, listen to his instructions. Listen to that instinct he buried within you. Draw upon the strength that a loving God constantly provides.
Be a vessel for those who need hope. Be a guiding light for those who feel distressed. Be cheerfully strong among everyone around you, and thankful for all the kindness you experience. If you get stuck, start giving….
Amen
I’ve always kept this little reminder in my head, even for the most mundane things…do it with joy, or not at all. It really does help me with gratitude and service.
As it says in a prayer, “we will serve You with joy…”
It does, G. The way it should be.
Nice..one of ours is “ desire less have more”
Cheers!
You get what you give. 😉
“Let gratitude be the pillow upon which you kneel to say your nightly prayer. And let faith be the bridge you build to overcome evil and welcome good.”
~Maya Angelou
Btw, Mr D…
Congratulations!! 👶
👍👍
Yay!!! I missed the arrival! Blessings to all, D!🙏💖
Thank you.
We will be leaving the house shortly to take his 18 math old brother up to the hose for his first viewing.
Cheers!
🤗!!!!!!!
Yes indeed, Dekester! Wants and needs , additionally are two different things.
👍
Thank you, Sundance. Great info AND insight!
If anyone believes the inflation rate is only 8.5, perhaps they would be interested in the toll rights to a number of bridges I could have for sale.
Or they might be interested in taking the NYC Subway instead …
Too soon?
Very funny Kenji…..twisted, but funny….:0)
Exactly – anyone know what the real inflation percentage is?
The method of calculating inflation has changed twice since the 1970s. If the old method was used inflation would be greater than 17%.
See http://www.shadowstats.com/alternate_data
Are those being parceled out as derivatives?
“Be the Lighthouse, not the rocks.”
Wise and encouraging words.
The worst inflation and the highest risk of nuclear war in decades. The oligarchy are not your friends.
To think that just a few years ago we had a President who worked for peace and prosperity for the benefit of American citizens!
Not positive enough, I guess. I’ll try to move toward that.
For the world!
I’m sure this is true, Bob. But I think Mr. Trump was always focused first and foremost on his responsibilities to the people of whom he was President. We can be grateful for that, even if it is, for now, in the past tense.
And we can also look forward to paying the way (a golden ticket for them of what they are accustomed to) for an addt’l. 20K illegal aliens / month starting soon.
ya I just did my taxes yesterday and had to pay the Feds $2K. burns my backside because I know where the $ is going…
The worst inflation and the highest risk of nuclear war in decades. The oligarchy are not your friends.
True. But we can take a little bit of solace in knowing that a nuclear war soils their nest too.
The Godless Oligarchs are more afraid of nuclear war than we are, so don’t fall for their manipulations.
President Trump unequivocally proved that energy independence is the key to high employment, low inflation and economic growth not to mention national security. It is imperative for the nation to recognize and pursue that fundamental truth as soon as possible.
Obama had “funemployment”
Biden has “Putinflation”
Both are always “unexpected”
I disregard government statistics and use my own eyeballs based on the purchases I make. My own take is inflation is way higher than 8.5 percent. In some specific cases, prices have jumped 50% over the past year (food mainly). Utility bills and general merchandise have also climbed at least 10%. All of these started their fast climb right after Biden took office.
For all who live off fixed incomes and savings, this is a direct cut to your quality of life. And for those on social security, that also jumped up way more than 8.5 percent. I would guess closer to 20%. Of course, that is for those who actually pay for social security. Given that so much (maybe most) is now basically welfare payments to people who never paid into the system at all, it only affects their purchasing power and that will be the next “crisis” to “comprehensively” fix (as in openly enrolling illegal aliens the moment they cross the border).
Other than your mortgage, your inflation since Jan 1 is about 8.5% and tack on another 8.5% in the next 90 days. (not annualized, raw 8.5%)
The only thing increasing faster than inflation is “Grooming Activities” in public schools across our nation.
Disney has a new name .
” The Tragic Kingdom “
But when China told Disney to take the gay dialog out of the upcoming Fantastic Beasts movie, Disney immediately complied.
They bow before their masters
Hollywood often has a ChiCom agent on-set with the film production crew, giving demands, er “tips” to the “Elite” Artistes about what they need to re-shoot or censor, in order to equip their film for release in their depraved Communist sh*#hole. I’m sure Disney is among the top Boot lickers yet they talk a big talk in the US about “Democracy”and virtue signaling. LOL.
The GROOMING KINGDOM
Be careful, Racial Maddcow will have a conniption fit by what you just said, Lol.
Great overview of what is coming in terms of the ‘next’ monetary system and how it will affect you.
To point out the obvious (i.e., unstated in the video) – at some point, the decline in standard of living in the West turns the ESG crowd into a domestic enemy.
Things could get ugly.
The West (or its leadership) clearly is pinning its future on technical innovation. The race is on.
“The West (or its leadership) clearly is pinning its future on technical innovation.”
Joseph Schumpeter, High Priest of Neoclassical economics made “technological innovation” the centerpiece of his theory. I think he got the entire concept of entrepreneurial activity wrong.
https://mises.org/library/breaking-out-walrasian-box-cases-schumpeter-and-hansen
The entrepreneur does not “creatively destroy”; he reconciles disparities in the economic order.
Destruction does not bring order. “From Chaos Comes Order” is the motto of nihilists. They want to wreck the existing system and supplant it with a new One World Order.
https://freemasonscommunity.life/ordo-ab-chao/
Neoclassical economics is one means toward that end.
There are very few positives to living near Garbageville / Riot-town, but it being the location of Bob’s Red Mill factory and store is one of them.
This weekend we dropped about $1,500 on 25lb sacks of lentils, oat-stuff, rice and Quinn-noah. There were no pea or split pea at all – “supply chain issue”. Seemed to be plenty of wheat-based product but gluten churns my guts and causes virtual pass-outs so I avoid that.
I’ve got the 5 gallon buckets and will work on figuring out how the whole storage thing works.
The Red Mill staff evidently have not had many high quantity type of buyers like me. And as I’m walking the store watching the normies, half of which are wearing masks (all the employees were masked) I’m thinking “oh if you people only knew what’s coming.”
Make sure buckets are food grade and gamma seal lid, or none food grade bucket vac seal and then place in buckets
Bob’s Red Mill … excellent products.
Agree! Their products are great!
There is a lot of information out there on how to preserve.
Light moisture oxygen and pests. That’s your biggest enemy.
If you do store…look into the food grade buckets, mylar bags and oxygen absorbers.
You can also put in glass canning jars with oxygen absorbers and vacuum seal.
Advise against the dry canning that was going around as a trend. Too risky. It is where you put dry beans,etc. in oven then seal. Nope. Don’t do it.
Again, lots of information out there!
One of God’s ten THOUSAND commands is to be anxious over nothing. This is one of the toughest.
I appreciate the bookend provisions presented in Psalm 56:
v. 3 “Whenever I am afraid, I will trust in You.”
v. 11 “In God I have put my trust; I will not be afraid…”
So – there’s provision either way, to neutralize/prevent anxiety.
Controlling the mind is not so simple. There is a learning curve and discipline is required/recommended.
Behold, God is my salvation,
I will trust and not be afraid;
‘For Yah, the Lord, is my strength and song;
He also has become my salvation.’
One of my go to verses is Isaiah 12:2
Thou He slay me, yet will I praise Him.
Job 13:15
Amen.
Couldn’t agree more. Wonderful words. Although life does bring some forms of angst, fortunately mine are always short lived. Perhaps it is because of prayer and faith. My first spoken words each morning are “Thank you, Lord, for opening my eyes to a new day” followed by prayer. Kind of makes the rest of the day easier.
BTW, great handle their with Big Jake! My all time favorite Duke movie. Cheers!
My preacher used that one last week in his sermon. It is excellent to hear and to read.
I love it that you deliver the factual bad news and then offer hope and faith as the way out.
Beautiful.
Thank you.
The philosophical gulf between left and right is enormous and not bridgeable.
To the Left, all people are basically good, and guns kill.
To the right, bad people kill, and good people need guns for protection.
Theoretically, a world where only old ladies had guns would have more or less violence? Any honest person knows the answer.
The idea of market forces beyond the control of their beloved State drives leftists insane. Government is god, government can do anything. The latest meddling devil is Putin.
A huge uptick in the supply of oil and gas would, of course, drive down the price. We saw that, once again, during the Trump Presidency.
The farmers of the North American great plains are secular saints. Turn them loose, and they’ll feed the world. We know that, because these guys have been doing it since World War I.
I shudder to think that the deeply evil leftist billionaires like Soros and Gates have finally figured out how to starve the world into a shrunken population. Hamstring the farmers of the breadbasket, and the world dies.
Mitch McConnell, and his gaggle of establishment Republicans, is directly responsible for much of this mess of Biden and the Democrats.
“ To the Left, all people are basically good, and guns kill.”
Have to correct you here, to the left all people that share or can be converted to their beliefs are basically good. They believe that anyone that opposes them are ontologically evil.
Farmers are the salt of the earth
Federal Reserve 0.25% interest rate increase will do nothing.
Inflation is a lot higher than the phony CPI of 7.9%.
Inflation is well above 35%. The price of everything from
Homes to food to gasoline is constantly going up.
Price is no longer Stable.
You’re right about the inflation numbers, Ocean.
Gas prices are so high…
The rats are carpooling into New York City 🙂
You mean they’re carpooling out of that sinking ship, right? :>)
Paging Ray Epps…Paging Ray Epps
You are needed at the subway platform for LARP event codename- Inflation Distraction.
OPEC Warns Of Potential “MAJOR OIL SHOCK.” Inflation Continues To SURGE At A RECORD PACE. Mannarino – YouTube
CHECK THIS CHANNEL OUT GOOD INFO
I watched some of it yesterday. Thanks for the reminder. Now please check out Jeffrey Prather’s website. If you have food you now need to protect you and yours.
Wood Elf. Thanks much for the site. Don
My observation? ALL retailers are … charging what the market will bear. If we keep buying gasoline at $6.00+/gal. here in CA … with no shrinkage in demand … then get ready for PERMANENT $6.00/gal. gasoline. And my local Safeway manipulates their prices WEEKLY … up and down, up and down … they’re pushing and probing consumer tolerance for price increases. And they commit INTENTIONAL price confusion by offering “two-for-one” one day … then a discounted price for purchasing 3-or-more … the price per unit is never the same … but they lure you into believing you’re getting a deal.
My advice? KNOW all the marketplace prices … and NEVER overpay! Get COSTCO gasoline, or small independent dealer gasoline at $5.39/gal. instead of the CORPORATE Chevron gasoline at $6.09/gal. across the street. Make greedy retailers EAT their own overpriced goods. This takes vigilance and KNOWLEDGE of the best unit prices in the marketplace.
EVERY price gouged purchase you make … drives prices higher. If COSTCO jacks up Rib Eye prices to $21.99/lb. … make them EAT the rotted meat out of their own dumpsters. Eff em! We are witnessing the “recovery phase” of the Plandemic … every manufacturer and retailer is trying to make-up their Pandemic losses on the backs of the consumer. Don’t let ‘em do it! They got $B’s from the Govt. … you didn’t. Don’t make them even $$ wealthier … as they cram their wokeness down your throat.
That is not a new thing. Retailers have always tried to maximize positive cash flow. However, when people are hurting it seems like gouging. They always profited by gouging in a way that could not be felt. Now, people walk in sore and bruised from continuous gouging and one more gouge hurts even more. I don’t blame the retailers. They do what they do.
FWIW, I sell stuff as part of what I do to make a living. I always price based on what the customer may be willing to pay and what I paid has little to do with that decision except to determine a floor on prices. Even then, I will often sell things below cost just to make them disappear. I don’t blame the customer for not wanting to pay my price. The fault is mine for buying it at a price where I could not make a profit. It happens.
One of my seasonal jobs earning for college was selling at a camera store. Wholesalers supplied the cameras and the accessories (bags, film, lenses, lens caps & cleaner etc.) to the store.
The cameras were all priced at least 15% BELOW our cost, to serve as “loss leaders”. The bags, auxiliary lenses and doodads were priced at least 300% ABOVE our cost. Customers would come in for the low-priced cameras, and sales staff were expected to “upsell”, adding the “extras”, including photography classes, to the total. We attracted more customers than our competitors, so we made more profit. One store expanded to four during the two summers I worked there.
Years later, once people began using their phones as cameras, that chain converted to selling phones instead. Same business model. Sell the phones below cost, and the cases, chargers, memory cards etc. way above cost.
There’s a lot of psychology involved in sales I was certainly never taught in school. I understand why pricing is intentionally variable at the grocery and other kinds of retail businesses better because of that experience. Customers will indeed pay what the market will bear, which varies greatly by demand and perceived value. It’s not directly proportional to what it costs the merchant to sell.
It’s the Gillette model from WW I. Give away the razors, charge a lot for the blades. It worked.
That’s what Liz Warren is saying too. lol
She says that while we pay for her transportation and she dines on lobster .
I am a full on FREE MARKET Capitalist. However … please NOTE that the American economy has drifted far, far, far afield from a FREE marketplace. There is as little true competition in the grocery and gasoline industries as there is on social media. The HIGH barriers to entry effectively KILL competition.
Lizzie Warren doesn’t agree with ANYTHING I believe.
Please note that Adam Smith agrees with my opinion … not Fauxcohantus
Good advice.
I go to this diner, good food, good price. Now their prices keep going up. It is cheaper to go to other restaurants that were once more expensive than the diner.
The difficult part of viewing corporate America as the enemy is that so much of it is interwoven in the social and familial fabric of America.
It’s easy for someone like myself, who’s viewed them as the enemy for decades, including when I did business with them, and whose family is dead, to take steps to actualize that hatred of their kind.
For someone who’s supporting their family as a member of the corporate cabal, they have a markedly different belief system and narrative to support and defend. Lots of people, tens of millions, including many Treepers, pay those bills with money from the corporations they work for, or own. They, in my long experience, view people like myself as someone to maximize profits on by whatever means, or as the enemy, or someone to be squashed or killed.
That’s simply human nature. I’ve seen it for decades. God and my parents taught me to love; other humans taught me to hate and God bless them they’ve been excellent teachers. Fortunately God and parents had a larger and more lasting influence. For now.
Remember, corporations and government aren’t faceless machines, rather individual humans making choices each and every minute of every day. They are who and what they are. It is what it is. As one corporation, actually the last one, that screwed me, put it so succinctly, it’s not personal, it’s business. Damn straight. Nothing personal, ahole. War.
I was talking about these price gyrations with hubby just yesterday. One week Ralphs is up over Albertson’s, then they switch. Sometimes the prices are better at Stater Bros, but it’s hit and miss.
Having to price shop big time. Buying sale items and minimizing full-price purchases as much as possible. Thankfully I have a few stores to choose from near home & office. I realize many folks do not have such options. It really helps to have a deep pantry at home – allows a person to buy in bulk when the sales hit. But you blink and you miss it.
Stellar recommendations at the end, Sundance.
I am forwarding this article to friends and family although I think many of them are visiting the site frequently nowadays.
Reminded me to go visit the Donate button….
God Bless you and the entire CTH Staff.
Your family, kids and/or grandkids as well as your community can benefit from wise, albeit sometimes stern, counsel. Stand strong, stand firm and stand resolute.
Thanks so much, Sundance. I really needed this reminder, especially when family sometimes makes me question my sanity. It’s like I’m living on a different planet and having a totally different experience.
Been doing my best to get a younger friend to build a larder for her family. We agree on most things, yet she is not taking my warnings about stocking up food seriously.
Couple weeks ago I asked her how her emergency food supply was coming along. She said her teenagers keep eating all the bags of potato chips she’s been buying. “Potato chips?!” I asked, then told her she needs to buy big bags of hard, dry Pinto beans instead of potato chips.
She lives 170 miles away or I’d deliver pinto beans to her house. Instead I sent her cash to buy a big supply-o-beans. She laughed seeing the money, and told me she’s saving it to go out and eat together next time we’re down her way.
We do live on a different planet. Yes, we sure seem to anyway.
Well, she will remember you when times get tough for her. We have friends who are in bad shape due to job injuries and then a huge medical mistake I ordered all they needed from walmart and Sams and had them pick it up, they were grateful for sure, it was a shock and they were so worried, still worried but took the edge off. This won’t last long but gives them a base to build from.
https://pbs.twimg.com/media/FPzyyx5XEAcOXUb?format=png&name=900×900
Bonus points if you know who was POTUS during the lowest, most stable period of this graph …
I like bonus points, Kenji!
And since Donald J. Trump may end up as having been the greatest President the former United States of America has ever known, I’ll say President Trump.
How’d I do?
You’ve passed with flying colors! Red, white, and blue!
God Bless our very stable Genius … PDJT
Amen to that Kenji, amen to that.
Prices are higher, but there is a window of opportunity to keep stocking your pantry. 6 months from now is when the pain really starts!
I wonder what this governments forecast cost of a Thanksgiving meal will be for us? Better still, what will the cost of their meal be?
i compare weekly ads from all the stores and shop in a circle to go to them all buy only what is on sale and compare things like evaporated milk canned goods run to clearance shelves and use percentage coupons eg whole milk at cvs for 5.49 but with 40% coupon off it was cheapest for this week challanges make us creative thank you sundance as you and God give us comfort
With the durable goods demand destruction caused by high prices due to rapidly rising input costs, layoffs are coming as the multinationals look to hold margin. Supply shortages will soften as demand falls.
I hunkered down on Nov 4, 2020 and went long energy – Knew a crazed Obama 3.0 would be very bad for America.
A very dark shadow hangs over America.
I am an old maintenance guy. The process of fixing things always involves making it like it was in the past when it was working. We know what works. We always had those that wanted to fix things by making it different. That almost never works but that is the theme of Build Back Better. Take something broken and change it to fix it. It makes the maintenance guy in me cringe. Not only is it likely to fail, it does not make logical sense.
I will take “Put it back like it was” over “Build back better” every day.
So true. It was built that way for a reason.
Because it works.
Old mechanic here.
Just maybe, on the other side of this current dilemma, the Hobbits will slay the creature from Jekyll Island.
I don’t know why people are complaining , we saved 16 cents on hot-dogs last summer….
/s
Those were the ones made with real dog
US inflation rate is one of the worse of developed nations. Higher than the major economies of Europe and higher than Australia, Brazil, and India.
Here’s the list. Udated as of 4/12/2022
https://tradingeconomics.com/country-list/inflation-rate-?continent=asia
“If we were using the old CPI method for analysis, current inflation would be well above 20%.”
And we should use that older method, since it is obviously more accurate!
Mainly because in items I have been tracking, 20% – 40% increases are typical.
e.g.
Generic yogurt at Kroger’s ( a midwestern grocery chain): + 25%
Milk: + 25%
40 calorie a slice bread: + 33%
Blueberries: (volatile, sometimes used as a loss leader) one pint went overnight from $2.00 to $6.00!!! 300%!!!
And gasoline: up 70% in The Manchurian Marionette’s first year, before Putin invaded the Ukraine!
Love it Sundance – amen brother – dig in, fight, pray, repeat…
«If you get stuck, start giving….»
The most important thing to do because the one that gives will receive. As an old MD I have seen it all my life.
I think wave 3 hit this week! Eggs 18 large were 2.12, today same brand 3.99. milk last week 3.99 today 4.59 and there were many more OMG’s while shopping. A large container of oatmeal was 4.99 just looked last week they were 2.95. So another day of shocked faces at the store oh and gas went from 4.19 to 4.99 overnight.
Dee, I don’t know where you are, but the egg thing mystifies me. I did some grocery shopping today. The two places where we often buy eggs were still at $0.69 and $0.68 a dozen for large, plain old white eggs. I agree on the oatmeal. I like instant oatmeal as it is fast and filling. What I have noticed is that it has only gone up a bit but the sales that were common are almost non-existent. Grits, on the other hand, are going up and up. So, I have been going to the Mennonite grocery that sells out of date stuff, failed marketing experiments, shelf pulls and damaged packages and stocking up there. It won’t last as long in storage but it is mostly edible. A basket full of stuff is usually between $50 and $100.
The failed marketing experiments are the most interesting. Maybe Quaker decides to market and instant oatmeal with bubble gum flavor and it does not sell. The stores pull it and sell it on the surplus market where the stores like my Mennonite market buy it by the pallet and resell it cheap. People will buy anything that is cheap enough. Every so often I get something in which “free” is not cheap enough. Oh, well. Live and learn.
North of Tampa, yes eggs have been weird all over the board since covid started, but this was the highest for store brand I have seen. Refuse to pay 7 a dozen for free range, yet. Even on Craigs list here the local farmers are 3 a dozen bring your own box. May be time for a small flock of chickens if you can get them.
I have so much to be thankful for. My computer crashed and the hard drive is corrupted. But, I found a company that retrieves lost information, so I may be able to get some of it back. A replacement hard drive only cost around $60 and my computer guy will be able to put it in, so I didn’t have to buy a new computer! I have a small laptop that doesn’t do a whole lot, but it works, so…..there’s that, too.
I am thankful that I found the Treehouse in time to pay attention to Sundance’s warnings.
The azaleas are in full bloom in time for Easter week.
I have found a yard person who will come on Friday after my last person went out of business (but hasn’t told me he is out of business).
Peanut butter cookies are baking.
Seed potatoes ready to go in the ground Good Friday as was recommended to me.
Bah and humbug on inflation! Life is good and there is hope for the future.
https://www.walmart.com/search?q=pc+refurbished&sort=price_low
And https://www.dell.com/en-us/dfh/shop/dell-refurbished/cp/outlet
You’re KILLING IT, Sundance – Kudos!
“If we were using the old CPI method for analysis, current inflation would be well above 20%.”
“That said, there are issues also inherent and visible in the data for the non-food and energy segments, what I would call the durable goods side. First, we are seeing the beginning of the durable good contraction getting quantified as we have previously discussed.
=> The prices for used vehicles, electronics, appliances and other non-critical durable goods are now flatlining, or even dropping in price.”
Every indication within the economy indicates this is being caused by a demand contraction.
=> People are not purchasing durable goods because their disposable income is gone.
=> This lack of demand also shows up in wage rate suppression. Despite high employment, wages are not rising – in part because there is excess productivity in the durable good economy.
Noone likes to “lose” an election, but I’m sure there was going to be inflation if Trump was there. We know the occupant is still getting cover from the media, but we know if there was even miniscule inflation over “normal”, Trump would be pounded. I for one am somewhat glad Trump isn’t there at this time. Now the GOPrick RINOs not taking advantage of this is another thing entirely.
Trump would have declared war on Fauci and then fired him. The shutdown would have no WH support. Things would not be this bad.
But for the part where President Trump would not have done the damage potatus has, I’m sure you might be right.
The GOPe period have earned my ire more by the day as they are the do nothing party.
https://www.investopedia.com/terms/h/hyperinflation.asp
A very interesting and informative article. The causes sort of have a familiar ring to them….
O’biden yelling again about Putin’s price hike. Click.
=> Watch for Stocks to plunge on declining demand-and-profitability for companies producing “Discretionary Products” aka “Stuff” and “Gadgets” and “Clothes” and “iDevices” that we’ve been replacing/upgrading perennially.
Also available at your Tractor Supply Store where it’s called Zimecterin, $10/6g, ask for Mr. Ed. 🙂
Best wishes to all CTH supporters.
TCTH is nourishing in a Spiritual, Emotional,Mental, sense and assists one with financial insights too.
Cheers, and thank you.
People do understand what is going on…..
That chick needs to do a LOT more research. Inflation is guaranteed when you print more money without having more precious metals or goods to back it up. Politicians choose to inflate the money supply so they can give people something and get reelected. As John Maynard Keynes wrote, not one man in a thousand understands that the pols doing this are stealing from us by doing this.
Every extra dollar the Fed prints takes one more small nibble out of the value of the dollars you have. That is how it is. The only way out is to for the government to stop printing money and cut back on its expenditures. There is no magic solution. It will take a lot of hard work and realistic thinking, neither of which the current administration has a clue about.
Welp, evil Trump put more disposable income in our pockets, and it’s now being returned to deserving multinational corporations. Almost like it’s the plan.
It is one more measure of Actual President Trump’s greatness that he was able to accomplish so much, even with the entire blood-sucking Parasite Political Class kneecapping his agenda at every turn.
The mind boggles to think of what else might have been achieved if only our Garbage Elites weren’t all traitors, pedophiles and money-grubbing whores.
How can anyone in their right mind believe the economy is better now than under President Trump? The 30% to 40% of the population that actually believe the country is better off now, in my opinion, are as dangerous as the ptb.
The key sentence is this:
“If we were using the old CPI method for analysis, current inflation would be well above 20%.”
That’s one small indication of how badly our leaders and the media are STILL lying to us.
I didn’t see anywhere in this article that points out the real cause of inflation 🙄….at least according to Jen Hacki on Monday April !!, 2022. “We expect March CPI headline inflation to be extraordinarily elevated due to Putin’s price hike. And we expect a large difference between core and headline inflation reflecting the global disruptions in energy and food markets,” Psaki said….. Of course it is all “Putin’s” fault.
Go back in the “way back” machine to November 2021, just before Thanksgiving and read all the headlines and articles that state the cost of a Thanksgiving dinner will be up 14% (American Farm Bureau) due to….wait for it….INFLATION.
I may be grossly misinformed because I don’t watch any of the talking heads on network or cable snews, (don’t have or pay for that garbage) but I thought the “Putin” invasion of Ukraine did not commence until February 25, 2022. Nonetheless, yesterday I learned something from Jen Hacki. Inflation and especially for “Putin blame” inflation, can be declared retroactive to last year when Baked Potato Joe and his merry band of incompetent Communist took office and destroyed President Trump’s great economy.
I would gladly pay 8% more for my food today but I haven’t found any food that has gone up that little!
For us retirees on social security and small pensions, the golden years are beginning to SUCK.
The items, packages that are 20% smaller, have usually only gone up 8%. /s
ha!
Most food items jumped 30% the week Biden Regime raised foodstamp payments 25%. Recently I have seen items that were in the $10 range go up $3 in a week and then the next week they will be down $1. These people (the Biden Regime) are really F*cking with the American Populace.
Yes they are sticking it right to us.
And the Republicans are equally as guilty for not doing a damn thing about it.
Vote ALL incumbents out.
Retired Magistrate here: OK, this lighthouse is dyeing Easter Eggs on Friday, making Easter Baskets on Saturday and delivering them to friends and neighbors the same day. If I can get them done in time, I will also put some small paintings in the basket; cheerful Spring paintings. I will also invite those who don’t have a church to come to our little country church down the road for our Resurrection Sunday Sunrise Service, Breakfast and Sermon.
I do this every year and it brings people joy; joy which a lot of people really need right now. Enjoy this lovely Spring Day, at least here in Central Ohio.
Rock on, Marcia! 👍
I was colored shocked. I knew my electric bill would go up, but it has doubled. I was paying an average of $200 a month in the cold months. The bill I just received is $396.
What really peeves me is that I started using a kerosene heater so I didn’t need to heat the whole house. It is a pain to deal w/buying the kerosene and filling the heater, but I love it, warm heat as opposed to heat pump air. We also lost a week of power due to a storm, so between those two things still my electric bill doubles? As a sidebar when I started buying the kerosene it was around $2 a gallon depending on where I got it. It is now $4.69-4.99 depending on the station.
This summer is going to be an expensive hot mess. People are already angry and irritable. Medically I need A/C, not looking forward to the bill.
Leavemygunsalone: If you heat your home in the summer time and air condition during the winter, you could save a lot of money.
I’m here to be helpful 🙂
…and one doesn’t need any equipment to do it!
Try to use the ‘chimney effect’ to keep the house cooler for free. Open a shady side basement window and a top story window or two. It helps draw the warmer air up and out and replaces it with cooler fresh air from the basement.
I like to change out my toothbrush every few weeks. A .25 brush is just fine for me. Both of the Dollar Trees in the area were extremely low, almost empty, one had a better selection, but the wall was not full which is usually the case.
So if you don’t like paying $3-5 for a name brand toothbrush and you need a barter item I would suggest getting them while you can. 4 for a buck is a deal. I don’t buy their China toothpaste though, they say they are Colgate etc, but are not the real product. Amazing how they get away w/that.
The think-tank white paper called : ” Silent Weapons For Quiet Wars ” should be read , not that long.
It has a very relevant section on ” Economic Shocks ” as a weapon/tactic to affect change.
( Just search , its out there. )
Biden could make this problem go away tomorrow by simply announcing the approval of the Keystone Pipeline and halt the attempted shutdown of the Dakota Access Pipeline along with opening drilling on federal lands but he won’t because it’s apparently not enough of a problem for him?
“C’mon man – pudding has gone up that much”
He doesn’t want it to go away, none of them do. I am not sure enough Americans understand that is the answer. It is all Putin’s fault according to some.