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#3295942 - 03/11/22 06:28 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: tnshootist]
ADK Offline
Die Hard Member III

Registered: 12/11/05
Posts: 3802
Loc: North of Sodom,West of Gomorra...
Originally Posted By: tnshootist
Originally Posted By: ADK
$4.43 this morning for regular. Biden says it's Russia's fault. Joe wouldn't lie would he? sneaky2


You mean even when the truth would be better?


At least he's not still claiming it's Trumps fault.
_________________________
A reminder for Pride Month: pride is one of the Seven Deadly Sins.

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#3295949 - 03/11/22 07:33 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: tnshootist]
hm1996 Offline
Moderator

Registered: 07/23/06
Posts: 17986
Loc: S. Texas
Just saw a video on the news of a trucker standing in front of a diesel pump showing $1,152.05 after filling his semi. He asked a simple question, "What the %)#& are y'all gonna do when your next gallon of milk costs $11.00 ?"

Regards,
hm
_________________________
If what's ahead scares you & what's behind hurts you,look up; He never fails you.

If My people will humble themselves, pray, seek My face & turn from their wicked ways, I will hear from heaven & will forgive their sin & heal their land. 2 Chron 7:14




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#3295951 - 03/11/22 08:51 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
Foxpro.223 Offline
Die Hard Member II

Registered: 07/30/15
Posts: 1651
Loc: WY
_________________________
"To preserve liberty, it is essential that the whole body of people always possess arms, and be taught alike, especially when young, how to use them…” ~ Richard Henry Lee
2 Corinthians 3:17




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#3295952 - 03/11/22 08:59 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: prairiefire]
Foxpro.223 Offline
Die Hard Member II

Registered: 07/30/15
Posts: 1651
Loc: WY
Originally Posted By: prairiefire
It will be interesting to see how BRANDON and crew spin this bit of really bad news. And then they will front the redhead on TV telling us it isn't so bad and we should go get a margarita and do some kick boxing....


It's Putin's fault now. Nevermind the covid plandemic lockdowns for the last two years or the canceling of the Keystone pipeline among many, many other crisis the left and RINOs keep manufacturing.

They're probably going to drive the country into the ground to the point there is all out total chaos in the streets (Mainly in the blue cities.) like you'd see in cuba or venezuela. It's what communists and globalists do.
_________________________
"To preserve liberty, it is essential that the whole body of people always possess arms, and be taught alike, especially when young, how to use them…” ~ Richard Henry Lee
2 Corinthians 3:17




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#3296304 - 03/18/22 08:17 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
ADK Offline
Die Hard Member III

Registered: 12/11/05
Posts: 3802
Loc: North of Sodom,West of Gomorra...
A gallon of regular in some areas of Kalifornia is over $7.00. lol lol lol lol
_________________________
A reminder for Pride Month: pride is one of the Seven Deadly Sins.

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#3298432 - 04/28/22 09:16 AM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
ADK Offline
Die Hard Member III

Registered: 12/11/05
Posts: 3802
Loc: North of Sodom,West of Gomorra...
Paraphrased comment today from Kenneth Rogoff, Harvard U. Economics Professor:

[The growing risk of a 'perfect storm' where Europe because of the war is going into recession; China because of their version of Covid-19 lock-downs is going into recession and the U.S. because of interest rate hikes are all going into recession. The odds of having a Global Recession are rising by the day.]

https://forexnewsanalysis.com/2022/04/28...kenneth-rogoff/

The good news is that Joe's inflation should slow. (My comment).
_________________________
A reminder for Pride Month: pride is one of the Seven Deadly Sins.

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#3299165 - 05/16/22 11:31 AM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
ADK Offline
Die Hard Member III

Registered: 12/11/05
Posts: 3802
Loc: North of Sodom,West of Gomorra...
Filled-up yesterday. Lowest price for regular gas I could find in town was $4.74 for regular.

Dennis Gartman - Univerity of Akron Endowment says,again I'm paraphrasing,'I expect we will all be throwing-up on our shoes by mid-summer'. He was referring to the dismal performance of the stock-market and the economy under Biden and the Democrats. Anyone planning on retirement soon should rethink their plans.
_________________________
A reminder for Pride Month: pride is one of the Seven Deadly Sins.

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#3300844 - 07/05/22 02:11 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
ADK Offline
Die Hard Member III

Registered: 12/11/05
Posts: 3802
Loc: North of Sodom,West of Gomorra...
Good news! Regular gas is down by 5 cents in my area from June prices. $4.89.
_________________________
A reminder for Pride Month: pride is one of the Seven Deadly Sins.

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#3301195 - 07/13/22 01:28 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
ADK Offline
Die Hard Member III

Registered: 12/11/05
Posts: 3802
Loc: North of Sodom,West of Gomorra...
Joe just broke his own record! Inflation numbers came out this morning and year over year hit 9.1%.
Worst inflation since Jimmy Carters presidency,41 years ago. Way to go Brandon!
_________________________
A reminder for Pride Month: pride is one of the Seven Deadly Sins.

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#3301629 - 07/22/22 10:14 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
spotstalkshoot Online
Die Hard Member III

Registered: 12/22/13
Posts: 2762
Loc: so.mn
When the rapidly increasing natural gas prices hit the index, you will see inflation jump above 10%. Regardless of oil prices, also coal prices have tripled because of diesel fuel. This will get much worse, the socialists are trying to bankrupt the whole country.

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#3301636 - 07/23/22 11:04 AM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: spotstalkshoot]
SixsixtyMags Offline
Die Hard Member

Registered: 02/01/16
Posts: 838
Loc: Pocono Mts.Pa.
Lets see, when I got fuel oil last year it was $3.00 a gal. (prepay was $2.55 a gal), just filled up at $4.50 a gal. Coal was slightly under $200 a Ton, this year $385 a Ton. PPL raised rates 38%, Gas is at $4.29 a gal., large eggs went from just over $1.00 to $3.00 a doz., and that is just a few examples.
10% inflation isn't even close to the actual cost of living increases that we all are seeing!
FWIW: I have read where the inflation number is calculated/linked to wages rising, NOT the actual cost of living increase, that would explain why it is so low!
I stopped at a local gun dealer yesterday and we were discussing how much everything is going up, he told me that that he bought out 3 gun collections just in the last few weeks because the people needed the money. Another tidbit; supposedly 75% of people live paycheck to paycheck, if that's the case and it's now costing an average family 4-500 dollars more a month to live, there is going to be a lot of people who can't make ends meet.
It sure looks like they are systematically trying to destroy the middle class, the mega rich can afford these massive price hikes and the poor get everything handed to them, it's the working middle class that's taking the pounding thanks again to the socialist party that's now in office!
End of rant!!!

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#3301639 - 07/23/22 12:25 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
ADK Offline
Die Hard Member III

Registered: 12/11/05
Posts: 3802
Loc: North of Sodom,West of Gomorra...
"It sure looks like they are systematically trying to destroy the middle class, the mega rich can afford these massive price hikes and the poor get everything handed to them, it's the working middle class that's taking the pounding thanks again to the socialist party that's now in office!"

Destroy the middle-class and you will destroy democracy!

David Madland describes the middle-class in the following way: “Being middle class in a middle-class society—where most people have adequate financial resources and stability, but not enough to allow for a life of leisure—fosters attitudes and behaviors that are essential to building a healthy capitalist system. Middle-class parents raise their children to value work and education because they understand their children will be dependent upon work, not capital, for most of their income. They convey to their children the principle that if you work hard within the system and follow the rules, you will get ahead. They pass down the patience necessary for children to pursue an education, career, or entrepreneurial activity, and they have the economic means to sustain that patience and plan for the long term.” (David Madland, Issue #20, Spring 2011)
_________________________
A reminder for Pride Month: pride is one of the Seven Deadly Sins.

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#3301648 - 07/23/22 05:07 PM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: SixsixtyMags]
hm1996 Offline
Moderator

Registered: 07/23/06
Posts: 17986
Loc: S. Texas
Originally Posted By: SixsixtyMags
Lets see, when I got fuel oil last year it was $3.00 a gal. (prepay was $2.55 a gal), just filled up at $4.50 a gal. Coal was slightly under $200 a Ton, this year $385 a Ton. PPL raised rates 38%, Gas is at $4.29 a gal., large eggs went from just over $1.00 to $3.00 a doz., and that is just a few examples.
10% inflation isn't even close to the actual cost of living increases that we all are seeing!




Originally Posted By: SixsixtyMags
FWIW: I have read where the inflation number is calculated/linked to wages rising, NOT the actual cost of living increase, that would explain why it is so low!


Originally Posted By: ADK
"It sure looks like they are systematically trying to destroy the middle class, the mega rich can afford these massive price hikes and the poor get everything handed to them, it's the working middle class that's taking the pounding thanks again to the socialist party that's now in office!"

Destroy the middle-class and you will destroy democracy!


Right on! Really hits those of us on retirement (fixed) income. Thanks Brandon!

Regards,
hm
_________________________
If what's ahead scares you & what's behind hurts you,look up; He never fails you.

If My people will humble themselves, pray, seek My face & turn from their wicked ways, I will hear from heaven & will forgive their sin & heal their land. 2 Chron 7:14




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#3302264 - 08/11/22 07:55 AM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
ADK Offline
Die Hard Member III

Registered: 12/11/05
Posts: 3802
Loc: North of Sodom,West of Gomorra...
Brandon just congratulated himself and his regime for zero inflation. Only low I.Q. voters would believe that.
_________________________
A reminder for Pride Month: pride is one of the Seven Deadly Sins.

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#3302267 - 08/11/22 09:59 AM Re: New Consumer Price Index report is out. Economic pandemonium! [Re: ADK]
Heymartay Offline
Seasoned Member

Registered: 02/08/15
Posts: 493
Loc: Montana
Guess we know now why the IRS is buying all the ammo. 80,000 armed agents to go harass people.
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