The Bureau of Labor Statistics (BLS) released the inflation data from April today [DATA HERE] showing 0.3% increased inflation in April and a continued 8.3% ‘sticky’ inflation year-over-year.
CTH is going to say something slightly unusual, this data is actually worse than expected. The hidden canary in the mine is within this BLS sentence which shows in the statistics, “the index for gasoline fell 6.1 percent over the month, offsetting increases in the indexes for natural gas and electricity.” Remember, these are backwards reflections of price captured in early/mid-April.
The actual price of gasoline dropped 1% in April during the timeframe captured. Yes, there was an actual 18 days in April when gasoline prices moderated and slightly ticked down; however, those prices immediately jumped again late April through today.
Because the BLS puts a 5x weight on the importance of gas [Table A], the 1% temporary drop in gasoline led to 6.1% downward “seasonally adjusted” price pressure.
All of that said, and with the heavy weighting of the gasoline prices considered, the net inflation results barely moved from March (8.5%) to April (8.3%). I modified Table-A to take out the noise. You can see the downward pressure from gasoline and simultaneously the upward price pressure from food, specifically food at home.
This outcome is a reflection of what we have been seeing in the supermarkets and grocery stores.
The Joe Biden $1.9 trillion COVID spending package that created $1,400 checks for all Americans, was passed in March 2021. That massive infusion of cash took place in April of 2021. We are just now cycling through the year-over-year comparisons when that artificial economic stimulus took place.
The 2021 demand side inflation took off immediately after that massive spending spree. It was May, June and July of 2021 when the cash infusion and $1,400 checks drove demand side inflation. Starting next month, we cycle through that period in year-over-year comparisons.
As we have noted for a few months and has been quantified in the drop of overall first quarter GDP, the demand inflation is over. Most of the current inflation is being driven by producer price inflation, the cost to make and produce things.
The demand for goods and services is low (stagnant), but the prices to create goods and the costs of services remains high (inflation). Put those two dynamics together and you have “stagflation,” our current economic status.
The production inflation is directly connected to the cost of energy. Energy prices are embedded in every sector of the economy. Higher electricity, heating/cooling and petroleum costs (packaging, materials, transportation, etc) are unavoidable and passed on to consumers. Individuals and companies who provide services raise their prices to compensate for increases in their own costs. It is a cumulative inflation snowball.
I modified Table 1 to take out the noise (see below). You can see how production inflation continues to be the problem, even as the demand for the products and services declines. You can also see the weighting factor for gasoline overall and how it skews the overall inflation data.
Year-over-year inflation will statistically begin to give the appearance of moderation, once the June (’21) to June (’22) comparison cycle arrives. The Fed and White House will use the intentionally timed statistical outcome to claim inflation is diminishing. It’s a political trick we expected.
The key to remember is that western government debt incurred during COVID-19 is the problem. The debt incurred is unsustainable, and that debt burden can only be reduced by devaluing the currency. Inflation is the devaluing of currency that makes the debt manageable. Dollars that are worth less also make the dollar-based debt worth less.
From the position of the government inflation is good, it makes the debt burden less heavy. Unfortunately, that same inflation makes our money worth less, and our wages are chewed up by higher prices. Wages are destroyed by the increased prices the prior spending created.
• Inflation on durable goods is now at/near the apex. The durable goods price flatlines right now as all production costs are embedded in the cost of the product. The prices of finished goods are now set; inflation has caught up to production; the prices of on-shelf and inbound deliveries are higher, but stable. Production inflation is built in, prices will not drop. However, depending on origination, transportation costs may still increase the end price of finished goods as they transfer to the consumer market.
Now, we enter the phase where consumer demand becomes the dominant factor in price. Simultaneously, demand is contracting because the higher rate of inflation in highly consumable goods (energy, utility costs, housing, gasoline, food) is now a spending priority for consumers and eating a larger portion of wages. As a result, the price of durable goods is now dependent on the ability of the consumer to pay for them.
Sellers of durable goods are going to be chasing a smaller customer base who can afford the higher prices. Durable goods prices will remain static, and now durable goods prices will likely become part of the competitive equation. The businesses within the durable goods sector are going to have to find customers in order to stay in business. Incentives will show up this summer as businesses need customers. If you are a wise, careful and smart shopper for durable goods you will find some modest deals.
• Inflation on consumable goods is not yet at the apex. It’s likely close to production parity, but price pressures are still volatile in the upward direction. The price of gasoline and transportation overall will be a big factor in current prices of highly consumable goods. We should see oil, gas and energy prices stabilize first.
Rents will likely increase for another three to six months, then stabilize (and, in my opinion start to fall).
Housing overall is far more challenging as mortgage rates are climbing. Refinancing as a method to bridge the income gap between wages and expenses is a big problem now in this phase. There is going to be a period of massive fluctuations and instability in the housing market depending on region and employment stability as the recession phase of the total economy is going to bite hard.
For most regions with mixed blend underlying economies (products and services) macro housing prices have peaked. For ordinary housing purchases, not institutional investments, we should start to see price decreases again as the customer base for higher prices shrink. Obviously, this is driven by inventory and regional specifics; however, I am talking in the aggregate within the macro housing situation.
Food prices still have some upward pressures through Memorial Day. Then a period of stability will settle, before the third wave of food inflation hits later in the summer/fall of this year; that’s when the increases in farming costs will reach the fork.
Late summer and fall food prices will likely be 15 to 20 percent higher than current prices at the supermarket. The fresh foods will be on the upper side of the future price wave, and the processed foods on the lower end; however, both will increase.
The last factors in the food price are far more challenging to predict…. Supply? Any problems within the food production cycle that impacts supply will drive prices, beyond what we already expect. If there are major shortages, the prices will go even higher.
This food environment is unfortunately the best time for Big Agriculture, the Wall Street multinationals, to make the most profit. The Big Ag multinationals will exploit every possible angle within inventory, supply and harvest controls to maximize their profit equation.
There are a great deal of unknown global variables right now that could impact U.S. food prices later this year. The only certainty is that prices will further increase.
Joe Biden sucks.
Big time!
Y’know, I have trouble even getting started with inflation discussions when I consider the fictional nature of the CPI (consumer price index)
Another article said something like “8.3 percent, excluding the volatile food and energy categories” yada yada
The fact that they’re “volatile” (bounce around a lot) is NOT a reason to exclude them
It’s a reason to devise an appropriate SMOOTHING AVERAGE to lessen the artifact of volatility while still including them
What the hell do people spend money on if not food, gasoline, and home heating? (AC in hot climes, but still “energy”)
Is it just me? Am I on crazy pills here?
What do they spend it on? The famous Andy Warhol Marilyn Monroe portrait just went for $195,000,000. So that I guess…
Oh…you’re talking about the peasant class. Sorry.
especially when you account that fuel costs are factored into EVERYTHING
That is the one thing that could be fixed with f r a c k I n g and increase d production
ya..you are on crazy pills (according to the establishment) .. just accept whatever our “leaders”are shoveling and repeat to yourself no matter how bad it gets…all is well.
nimrodman: I have referred your inquiry to the Ministry of Truth, Department of Economic Good News, so that someone more qualified than I can set you straight.
thanks, bill, can always count on you
It’s all someone else’s fault, though. -Joe Biden, Imbecile
Inflation is but one problem, here is what we face:
The Davos crowd is working overtime to destroy civilization. They must get paid by the hour:
Prepare accordingly.
Solutions at the bottom, send me yours: https://tritorch.com/fractured
Try and stay on topic and stop pushing your own agenda.
What agenda would that be?
It’s all one big spider’s web, Dan. Each thread, stated in the tritorch article, is connected to another. One can’t talk about the hideous inflation (which is more near 17% according to Shadowstats) without realizing it is just a part of the whole monstrous NWO plan that has been on the drawing board for years.
Dan fails to see that griever is on topic. Dan represents those around us who pretend not to see things to feel better and sleep at night.
As you said, it’s all connected.
It is, Dwayne, and in ways that even those of us who are following the bread crumbs probably are completely unaware of.
Blessings to you and your wife.
I believe his agenda is referred to as “The Big Picture”
Actually, he is dead on.
Inflation that is rising faster than wages is just one of many aspects that the puppets of Davos and their useful idiot henchmen/women of WEF-University are actively pushing.
What if any do you disagree with?
What is so frustrating; while I agree with the issue of limited sources of cheap fossil energy; is that Davos is preventing the free market mechanism of market prices to guide investments and future consumption patterns.
Instead, of relying on honest money, free markets, and free people, they push centralized mass murder at a level that would cause even the greatest of evil people we have ever known to take a pause.
Also, know this as an absolute fact. The nuclear energy in the average crust of the Earth is 30x by volume of Oil.
No God would not have created mankind on a ball of matter that would cause our death. In short, we live on a ball of oil energy 30x the size of the Earth. We now know this, very recently. And yet that knowledge can both deliver life or death? From the beginning, God placed before us the choice of Life or Death; he also told us to choose life.
We have the great fusion reactor in the sky, our Sun, that not only grows all our food but sends an entire year’s worth of energy upon the Earth every day.
God has provided for his most beloved.
The only question is will we receive his blessings?
Or will we choose Davos and thus death?
well, according to this poll, https://www.express.co.uk/news/politics/1606839/Shock-poll-Ukraine-Zelensky-Biden-lose-war-Russia-Putin-Democracy-Institute-news, likely u.s. voters suggest biden resign rather than putin by nearly a ten percent margin, for the second straight month. and a majority are ok if ukraine loses the war.
that is pretty amazing to me. doubt even the matchup obama and assad would have had obama as the preferred resignation.
wonder if biden knows.
That’s the real problem.. He doesn’t!
Kinda reminds me of the Holodomor…
That is exactly what it is. The powers that shouldn’t be are and have been hard at work engineering it:
Too bad the history and origins of Holodomor are not taught in schools here. In fact , it’s a tragedy more in-depth world history is ignored in our schools. We aren’t the only country on the planet, though students could be forgiven for thinking so because of the ignorant omission.
Which is actually more proof that what I’m saying is true. They have no problem preaching Holocaust…even though they have to keep changing the story because of all the holes in it. Let’s just go with the premise that the Holocaust really happened as they say… wouldn’t that make the perpetrators of the Holodomor two to three times as bad? Yet the average American has no idea what it was.
The Irish famine too
There are no innocents when it comes to death.
That’s the most frustrating aspect to me: While for the first time in human history we can hold a device in our hand that can answer almost any question.. They’ve been taught not to ask them!
It wasn’t always this way. Here is what they used to show to students:
https://www.bitchute.com/video/PFnZOkIvArTV/
I think they have no idea WHAT to ask, John. Such is ignorance.
Part of the harm of the electronic addiction is that organic learning is dead. How many random words did we learn by looking up words in dictionaries printed on paper? The process of looking up things on paper involved a certainty that other words/ideas/issues would also be skimmed. I know I sure wouldn’t have learned the word cwm in the electronic age.
Hi Betsy!
Or been taught you are a bad person for asking such a question.
People need to learn what the Holodomor was and who did it. And HOW they did it. Through Russian Nationalism and awareness, the Russian people were able to take their country back…sorta. Putin is still fighting the Russian (Jewish) Oligarchs. This is THE reason what is happening in Ukraine is happening…it’s why we had to pull out of Afghanistan so fast. We can take our country back too. But first people have to realize what is actually happening right now. Keep digging. And if you are already woke to the JQ, keep speaking up. Education is our only hope.
The whole EU criminal cabal want Russia’s land and resources. Biden being loyal to that whole Clan (and not the American people, which is why he calls us extreme names willingly and broadly) is why he started the war in Ukraine in 2014. What’s interesting is if people looked into Burisma you would find that they were transporting Russian Gas, so how does that work? You mean Hunter was getting a Vig on no show job transferring Russian gas through Ukraine? That is why Biden is going full Stupid on Ukraine. He is willing to start WW3 to hide his crimes.
Who did it, how they did it…and who denied that it was happening. Now on that last point we can direct our gaze and accusatory eyes to the NY Times… which is in, of course, this country.
Those so-called “jewish” oligarchs are in actuality – Khazarians. The Khazars adopted a false sort of Judaism back in the 8th century to avoid political problems. They are fake Jews. No relation whatsoever to Abraham, Isaac, or Jacob (Israel). Search on “Khazarian” with Duck Duck Go…..
Turkish Iranian genetics. They are not semetic.
Khazars
Enjoy life go to thd Beach! ⛱️
And fake baby milk from Bill Gates teets!
Hey, CR! What exactly is in that “just like mother’s milk”?
I saw the story about Gate’s involvement. It has the sinister word ” bio” (for that read GMO and what else I get chills thinking about ) in the brand name.
I’d say beware of buying anything ingestible from a man who believes there are too many people in the world. B
And per the liberal rag,
“New York (CNN Business)US inflation took a breather last month for the first time since August. Prices still increased, but at a slower pace than in previous months.
The Consumer Price Index was up 8.3% in the 12 months ended in April, the Bureau of Labor Statistics reported
Wednesday, slightly higher than economists had predicted. It was a decrease from the 8.5% recorded in March, which had been the highest level in more than 40 years.
Stripping out more volatile product categories like food and energy, the CPI stood at 6.2% over the same period, less than the 6.5% reported in March.
For April alone, prices increased by 0.3%, adjusted for seasonal swings, less than the 1.2% jump recorded in March. Without food and energy prices, core inflation rose 0.6%, more than the 0.3% advance in the prior month.
“Let them eat cake . . . and ice cream.”
Great for a T Shirt
Is that a little Murdoch Murdoch meme magic?
If Puke-rain wasn’t full of white people, would Democrats send anything?
The Fed failed you say?
To shreds you say?
The October Surprise of a major food cost spike/shortage/de-specialfication (less choice; ex: instead of 5 types of Pepperidge Farm Cookies, there will now only be 2 AND less of them)
will not be kind to those voting for $40 billion in domestic kickbacks, I mean foreign aid.
hope there’s still Milano cookies…
If you’re a truck driver, get it filled!
Thank you for an accurate analysis of our lying government on the economy and everything else they report. Shameful, as Pubbies sit by and say nothing.
I don’t see them sitting by…I’m watching them participate in the fleecing and destruction of America. They’re all to blame with a very small exception.
The people being hurt the most are the Biden Voters…. they wanted their leftist Utopia and got it.
Learned it wasn’t what they thought, Lol.
57 did not join in. Only 57. Disgraceful.
maybe those were the ones in sensitive districts…I am so haded by our government in DC I do not trust any of them except through LONG term actions showing their fidelity to the reality that IS America
Well put SD – well put: “Joe Biden sucks.”
In a bad economy where meeting ends is a big concern, people reduce any discretionary spending. Taking on new big debt such as a mortgage becomes much more risky.
I expect to see a significant decline in home buying and car purchases. That will drive job loses in those areas along with their supplier base. If not for government lies, we would already be in recession. The question is how bad it will get. This will be worse than stagflation where it was a case of high inflation, high interest, and zero growth.
As soon as Joe Stalin stole the WH…. I cut everything spending wise by about 75% in my personal budget, of course when I do a job or something where I have to buy inflated materials, my prices on those materials are up 2-3-4X, and with that input cost increase the added ( new inflated ) taxes I am paying once done is ~75-100% of what my old profits were, which means I have to increase prices even more than I want too, just to earn a little money. Hey Joe and his big Govt’ Crooks are getting more than their fair share though, they are making off like highway robbing Bandits and they still don’t have enough of OUR MONEY…. f*cking crooked SOB’s.
Housing is only now beginning to exploit adjustable financing so while it may not grow I think the pricing of housing will hold until the adjustable rates become intolerable.
And then perhaps we will see a crack in the housing market.
Car repo’s are flying off the charts, local towman has openings for 20 new drivers.
Funny you should say that. Today I noticed a car auction lot had sprouted up!
Wasn’t it in April when the Strategic Reserve was raided?
Late March is when the monthly release was announced, so someone was getting Joetatoe to act to manipulate numbers.
the wild card is how long the exporters of commodities, semi-finished goods, and fully manufactured products will continue exchanging them for the fed fiat financed by brrr. the annual u.s. trade deficit, if march is an indication, is set to top $1.3 trillion.
this doesn’t seem to be an equilibrium condition.
Can someone do math to figure out how much inflation TPTB need and how long it will take to sufficiently inflate the debt away?
Magnitude of order ~, what, cumulative 50% over the next few years?
Used to be 10 trillion was ridiculous but now it’s at ~30 trillion (not including off-balance sheet)
You actually believe they can inflate away the debts, LMAO.
They can’t and they don’t care about debt service, they will just print more money to pay interest. In fairness to Stu, he never said it could be done. He kind of said “show me the math on this.”
FED’s charter sets an annual goal of 2% a year… which means if it is hit every 36 years your purchasing power is halved….I do know a 2020 dollar could purchase less than $0.03 of 1913 goods
Fed charter has been overridden by the dual mandate. Inflation on one side and low unemployment on the other. They choose whatever they wish to suit their needs.
Yes, it’s kind of like travel to distant galaxies. Let’s try and play this out. A debt (on the books) of $30T. Current published GDP is $21T. Last few years debt service per year is about $500B.
All things “stop” so no more. Say you want to pay off debt in 10 years. Current debt service amount gets you $5T. If you want to pay off $30T in 10 years you have to inflate the money available by 6 times. Am I rough figuring that right? So for 10 years debt pay off you have to have total of cumulative 600% inflation during that time? So, 60% per year? Am I figuring that right. This is me just trying estimates.
They are never going to pay it. As Greece found out after the GFC, for every dollar they reduced spending, they lost $2 in GDP. To pay off any debt, you would have to spend less than tax collections. When GDP drops, you are going to have less tax collections.
Cadaver Joe and his Commie cabinet couldn’t be happier right now. Gasoline at an all time high and getting scarcer. The only way they would even consider increasing the gasoline supply is if they heard that conservatives houses were on fire. Then the tankers would roll.
Bastards.
This nation is officially unmanageable.
The “doomsday Jeremiah” comments are more prescient than they were six months ago. Electoral fixes are an illusion… look who our R reps and senators put in leadership! They are saboteurs.
There’s no fixing this short of “the Day of the Lord” which will disrupt it all. And to weather that you’d better know your Maker.
These evil types will be buried. Until then, Look UP.
We should see some increase in government assistance in the food stamp scam. Only people on public assistance using government freebies will be able to afford most food items. The Demented Fraud administration will have to increase food subsidies through food stamps so the multinationals can continue to make big profits. The middle class wage earners will continue to get crushed at the gas station and grocery store.
The perpetual public assistance crowd is just fine with the situation. Especially those households where no one in 3 generations has ever worked a day in their lives. In fact, to them Biden/Kamala is better than Trump/Pence.
Exactly! Now add in all the illegals getting free food etc makes you really happy to pay taxes
Where I live the crooked Govt’ taxes us 10% on foodsales, while the Free for all EBT folks pay no sales tax…. on top of getting everything free anyhow. What the F*ck is the world coming too? This leftist paradise of free sh!t army only for the few…. is a nightmare for normal people who pay their own way.
This rollercoaster is just getting started.
Fortunately for us, the “single most important issue in the world” according to Mitch McConnell is… Ukraine.
The GOP doesn’t give a s$$t about America or it’s people, and is voting to pump another $40B of fiat currency into the economy which will worsen matters.
That fat frog McConnell has been outed by PDT and no longer cares. McConnell will grab all he can while he can.
If the next R senate again elects him as majority leader, there’s your sign of surrender. They are insular and greedy, even the tea party favorites from recent elections (Rubio, Joni E etc). That movement capitulated spectacularly.
This has the feel of a hyperinflation followed by depression. The financial asset bubble is popping now, the inflation has transferred to the real economy, prices shooting up, and then the economy will burst into depression (or bad recession).
At least it’ll be fun listening to the Permanent War Party switch from saying wars are good for the economy to blaming the war for the economy or something completely insane like that.
Peak euphoria is $100,000 + pickup trucks….. ohhh, we already have that. We are definitely rolling over into a crisis right now. I see Repo’s everywhere and people selling off everything not stuck to the ground.
Where? Not in Florida!
Oh it will come, nobody is gonna escape this Irrational Exuberance. Even the Red States have over extended themselves because that is what your typical consumer always does. The crisis will start in the Blue States, Biden will come up with some BS plan to bail them out, but it won’t work and then the slowdown will spread. Our economy can only handle so much Inflation before everyone is either wiped out, or steps aside and waits for better deals.
Not in NY, not yet
Send more arms to Ukraine. That should fix inflation.
Isolationism is, imho, not a bad idea.
Promote law & order, secure our borders, temporarily halt foreign aid, eliminate government corruption and practice isolationism sounds like a winning platform.
I know – I know – its too early in the day to be drinking heavily. Burrrrp! Oops – sorry.
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You are not crazy, just dealing with Democrat Con artists. We need to kick the Democrats to the curb and let them live in their little paradise as a separate union/utopia. The conservative America would thrive without these leeches on our backs and in our affairs/ lives 24/7
Here we go with the democrats vs republicans. ALL politicians bow to AIPAC and swear allegiance to Israel. They are merely puppets of the ZOG. We can reclaim America. But first Americans needs to see who has stole their government and how. The Russian people were able to reclaim their country from the Bolshevik/communist/Zionist in the 90s. They did it through a sense of Russian Nationalism and realizing who their real enemy was. Putin is a nationalist leader. They ran the Bolsheviks out of Russia and Putin has been going after the Russian (Jewish) Oligarchs that bought Russia for less than pennies on the dollar after the fall of the Soviet union. This is why western Zionist occupied governments are out to get Putin. That’s why Ukraine. Maybe “Bolsheviks” is too old school for some. How about Neo-cons…progressives… globalist??? It’s the same people. Do we have to suffer holodomor 2.0 before people see what’s happening?
I don’t know about you, but Democrats are pretty much the enemy of the USA and its Constitution.
Everyday they are attacking that piece of paper and the Conservative values that built this nation into a power house industrial nation. I don’t like some republicans obviously, but most are aligned with the Nations long term health and prosperity. Please stop throwing the two parties together like they are the same. They are not….
Actually I don’t care about the democrats and republicans cause they are simply puppets. So you think the neoconservatives aren’t raping our constitution? What about Richard Perle? The 2003 Iraq War neocon conspiracy? Jewish neocons in the bush administration including deputy secretary of defense Paul wolfowitz, defense policy board advisory committee chair Richard Perle, under secretary of defense Douglas Feith, Assistant to the vice president for national security affairs scooter Libby, special assistant to the president Elliot Abrams, middle east advisor to the VP David Wurmser, under secretary of state for arms affairs John Bolton all have us “WEAPONS of MASS DESTRUCTION” These are your upstanding conservatives? Krystol, Krauthammer? You really think Joe Biden is making any decisions? Or is Ron Klain? Ted Cruz really gets mad…but what’s come of it? Looks to me like both parties are more than excited about sending money to Ukraine…Why? I know it is a hard pill to swallow. But the first step is to admit we have a problem and then identify the problem. Trying to do a tune up on a car that is up on jacks is probably not going to accomplish much. Both sides of the isle bow to AIPAC and swear allegiance to Israel.
I don’t know about you, but Democrats are pretty much the enemy of the USA and its Constitution
I’ve come to recognize that my very best friends who are Democrats – at a fundamental level – are my enemies
… in that they support and elect the forces that are dismantling our formerly great nation
How are people making minimum wage or lower middle class wages surviving at this point?
There is no way, have to be living with family, etc.
They are more creative and resourceful than given credit for and know how to get by with less. It’s those that have had it good, have debt and then find themselves in a tough spot that will feel hopelessness and despair the most.
Messed up with a capital F.
Way to go Brandon.
As seasoned economist would say, “If it shows up in the stats its too late” to do anything about it cuz it’s baked in the cake.
Just like the Carole King song…….
I heard something about the fed raising rates 3/4 percent. That will strangle the economy BIG TIME BRO!
“It’s cuz Russia,” will be Raggedy Anne’s stance.
It’s coming. And the country continues to burn as our elected officials give more money to Ukraine, continue to ignore our border, continue to ignore the rule of law (protestors outside of SCOTUS Justice’s homes, ballot mules galore, Hunter’s laptop, and all of Ghislaine’s clients), and continue to ignore the will of the people.
And soon, FJB will sign the treaty giving the WHO control…..yes, he doesn’t have the authority; only Congress can ratify treaties….but they have the numbers. It’s coming.
And the derps and idiots will continue to march in lock step off the cliff.
I suspect this will all stop once the Mistress of Truth finds out that the food and gas prices at the stores are misinformation.
Freedom, great point. I wonder why they just haven’t done that yet. Oh, they did, and all of the Dems on Twitter started waiving their Ukraine flags again while chanting, “My body, my choice!” They can’t keep track of the “current thing,” so they now merge them together.
8.3%……
You betcha……
Go buy groceries…..
Go buy gas/diesel…….
We do get a break of Spring……
At least the idiots that voted/stole the election for PedoJoe46 are paying outrageous prices also.
Its the only thing that makes me smile somedays ED357 LMAO
Well…all I can say is “At least there aren’t anymore mean Tweets”…/s
With full gas tanks, full pantry, and on top of all that -still able to keep a full wallet, and enjoy the freedom to go wherever I wanted and do whatever I wanted, those so-called “mean”tweets just didn’t seem to factor in to ANY of that.
But the man making those tweets was the positive force behind ALL the good things that were happening….
That line from Braveheart by King Longshanks — The trouble with Scotland ( America ) is that it’s full of Scotts
If we can’t drive them out , we’ll breed ( STARVE ) them out
My teen daughter says to me:” Dad we should buy a tesla! They’re just laughing at us having to fill our gas tanks.”
My response: “Honey, get used to the rich people laughing at you while they pretend to care about the environment. And, by the way, the government paid them to do that.”
… “and by the way, go price a Tesla and get back to me”
My daughter purchased a mid priced Tesla; takes a half hour and $12.00 to charge
for 240 miles. BTW, she also has a jeep, Chevy pick up truck, older Acura sedan
and Suburban truck that she purchases gas for. I asked her if she knew how much a
new battery for the Tesla cost and when it would have to be replaced. She said she
has no clue!
how much was the Tesla?
battery replacement will likely be half the sales price of the entire car, I’d bet
So effed up.
This is not good
Business: Where is my delivery?
Producer/wholesaler: Come and get it yourself
NYC Billionaire Catsimatidis Warns of Looming East Coast Diesel Rationing
https://archive.ph/nu5hc#selection-3287.0-3305.57
Don’t hit a Dimm/commie with facts it will only confuse them….they prefer to argue over feeeeelings
Hahaha, I actually had some idiot Democrat tell me Biden was really a Republican and that is why he royally corrupted and screwed up our healthy Trump Economy. Democrats are the most Delusional nutcases you will ever meet. It wouldn’t surprise me if the guy was part of Biden’s apparatus claiming to be someone else. That is right up their with the Disinformation BS they push.
#100% Spin Doctors
Hearing rumors of major diesel shortages in the next 10 to 14 days. I think Loves truck stop mentioned but I don’t trust google to provide anything accurate. Wondered if any of you good folks had come across any info?—TY
Fyi…
Thanks CM
Thank you ever so much for this informative article. I took lots of notes. As usual I will recommend to other people to read it as well.
The wrath is going to go deeper. People are not buying single digit figures that come out of lofty theories by lofty thinkers on television. They look at the ticker tape from the grocery store and realize that 8.3% is not the 30% that hamburger went up. It’s not 100% that eggs went up. It’s not the 18% that bread went up, it’s not the 100% that unleaded gas went up, etc.
On average I would say inflation is probably 50-60%.
Fuel prices alone are well over 100% gain, or double Trump prices in many areas.
Anyone who shops at lower end Dollar Stores who used to spend $10 will now spend upwards of $15-16 for the same items. Steel prices are up 2-3x, Building supplies are atleast doubled. Welders are up 50% in 5 months, Welding gas is up 40%, Electrical items testers, wire, etc. up minimum 30+%
Yes. It depends what you buy. For people like me, I buy these things: food and gasoline. And they have gone up a LOT.
Sure, I buy my natural gas, water and electric and pay my mortgage (property taxes just went up), but pretty much I have cut out all discretionary items and cut back on utilities where I can. Need the gasoline to get to work and to check in on my aging parents. I combine trips to the grocery store and gas station with those necessary trips. Otherwise, I stay home.
I don’t take vacations. I don’t buy clothing. I don’t buy “durable goods.” All repairs have been deferred, and that’s not how I like to operate.
And I have a regular job with a salary, which has not increased. I would rather not look for another job with a higher salary because I’m comfy where I am, but OMG I might have to. This is getting unsustainable. Or a second job.
Of course I have a pantry. I’ve been stocking up for awhile.
My mom shoved the grocery sale ad at me this week. I’m not buying any groceries “this week.” Can’t.
Need to pay the mortgage, buy the gasoline. Food can wait. I have a reserve because I plan ahead.
Praying, and trying to keep my spirits high. Challenging.
But we are down to the nitty gritty. There really isn’t any more to be cut. But I will find something, and a way to be happy. (not eating bugs!)
I’m grateful I can be frugal and have these skills. They are really being put to the test, now.
went to get rx for husband and noticed the higher price and cvs said yes double in price for generic been around for 40 years so called insurance co for drugs and confirmed that both of our rx – mine 2 rx generic have doubled in price and husbands 5 rx generic have also doubled but the one not generic stayed same at $75.00 so where do l go canada,india, or mexico? we are not dying fast enough all of these generics been around for 30 yrs and checked all against good rx which is even higher than new doubled rate
#FJB and the horse he rode in on.
Single moms, elderly, disabled… this is going to suck donkey balls for them.
I’m hoping the price of lumber drops a little – there are projects to be done. And I’m hoping to buy a freezer and a fridge this year. I’ll be watching for those temporary price reductions. Other than that it’s thrift shopping locally. The older stuff is made better anyway.
Small, but important, nitpick.
“Inflation” is what the politicians did to the money supply.
“Rising prices” are the inevitable response to inflation. Rising prices are not inflation.
The reason why this matters is that there actually is a villain in this story, and that villain always seeks to escape culpability by blaming ordinary people who are forced to raise prices to offset the damage caused by the villain.
When we call rising prices “inflation” we are abetting the villain’s escape. We should stop helping the very people who are harming us by adopting their continuously misleading language.
I’m curious what all these numbers would be if Jobama had not crippled the energy sector.
Another thing to consider about the cause of the desire of the Dems to disrupt our energy economy and cause energy prices to inflate; it causes heavy industry to decamp to lower cost regions. If you remember, one of the reasons many manufacturing concerns moved to China in the first place was lower costs, including energy. A modern country with a balanced mix of heavy industry and service industry has the need for a robust energy infrastructure that can handle 24/7 demand. A strictly service based economy, especially one driven by work-at-home workers, doesn’t demand the same energy supply. The kind of energy supply needed by these “knowledge workers”? Moderate daytime demand energy.
You know, the kind that can be more easily met by ….. green energy.
Just saying.
This is one of the best articles Sundance has done. Showing how it all flows through energy, consumers, housing etc. Thank you Sundance, I will share this everywhere.
WOW
https://www.zerohedge.com/commodities/major-trucking-firms-prepare-imminent-diesel-shortage-eastern-half-us-freightwaves-says
Major trucking fleets across the eastern half of the US are preparing for an “imminent” diesel shortage, according to logistics firm FreightWaves.
Founder and CEO of FreightWaves Craig Fuller said “3 very large fleets” are preparing for diesel pumps at fuel stations to run dry. Drivers of these fleets received notifications about fuel shortages that could materialize in the coming weeks across the Mid-Atlantic and Northeast regions.
Oil & gas makes just about everything you see and use. Your clothing is made from oil, your medicines, your cosmetics, chemicals, fertilizers, building materials are made from oil, all plastics, all packaging, sporting equipment, shoes, furniture, office equipment, computers – just look around you, most things are at least partially manufactured from oil & gas.
When oil goes up, everything goes up.
Didn’t gas stabilize when dummy release the strategic reserves?
$7 trillion in printed money in a year and a half will have a long lasting inflationary effect. No way around that.
I went grocery shopping yesterday. I bought my spray butter which used to be $2.69 for a 12 oz bottle. The butter was now $3.89 for a 8 oz bottle. Did not notice it until I got home and put the bottle in the fridge. next to the older one.
Noticed that a lot of detergents and softeners are also smaller and more expensive. Probably many more are like that.
The system is so rigged not to reflect current living standards. CPI calculation of 1980’s would put us around 20%. Most would agree with this who pay their own way.
Government is not honest about inflation. It avoids talk of effects of printing money and the negative aspects of sanctions and the dollar losing some ground as the reserve currency. All while supporting foreign governments in foreign wars by printing more monies?
Like the consumer who uses one credit card to pay another, this will not end well.
Food away from home which I assume restaurants has gone up 15-25% at all places by me since about April 2021. The 7.2% number is just a lie. My weekly grocery bill is approx 20% higher as well. Inflation is at least double what they are reporting.