Inflation highest in 30 years. Prices up 6.2% year over year.

[No..Money..Mo..Problems]

Yup I believe it, I bought a 26k car 2 years ago and the dealer wants to buy it back from me for 29k with 30,000 miles already on it.


PS5 and Xbox X's series are going for $800 on secondary markets

 

[sayyestothis]

We're quickly approaching late 70s territory.

Yeah we are in the late 70s. The 10 yr treasury is trading in the teens...

Lmao if u make commentary at least be accurate breh

 

[sayyestothis]

Yup I believe it, I bought a 26k car 2 years ago and the dealer wants to buy it back from me for 29k with 30,000 miles already on it.


PS5 and Xbox X's series are going for $800 on secondary markets

Both these examples are from supply and demand. Not inflation breh

 

[No..Money..Mo..Problems]

Both these examples are from supply and demand. Not inflation breh

Same shyt right? Short supply helps push prices up

 

[Vandelay]

You can't print money AND have enhanced unemployment/stimulus benefits during the entire pandemic quarantine.

Any rise increased wages/money into the economy has to be slow/controlled. There are only a finite number of goods.

This is basic supply and demand. There's more money and the same or less amount of goods. People pay more. There's nothing else to think about this.

Less wood
Less metal
Less microchips
Less gas
Less housing
Less plastic
Furniture, diapers, chicken, cheese, fruits...

People will pay more AND have to pay more when there's less. You just can't add money to the system with no consequences.

It's like playing monopoly but everyone starts off with $5k instead of $1,500.

 

[Anerdyblackguy]

Yeah it’s bad out here. Just went food shopping and was disgusted at these prices
This economy all fukked up

 

[OfTheCross]

The inflation talk is nonsense.

There are only particular items that are driving up the CPI for specific reasons.

If people don't buy into the narrative and wait it out things will get back to normal

 

[sayyestothis]

Same shyt right? Short supply helps push prices up

Nah...it's actually two totally different things.

 

[CrimsonTider]

Im not sure if people are being serious about this being on Biden or not. The pandemic isnt on him, nor the fact that Americans and their 'freedoms' would not just sit and ride this out, instead extending the damage done is this country.

The problem is these companies who wont match this wave and raise salaries. People better buckle up. Might be some hard times coming, cause greed is gonna keep going up. Everyone is for self now out here.

The op is maga

 

[Mike809]

China CPI and PPI: The world's second largest economy has a big inflation problem - CNN

 

[jesc07]

Yup I believe it, I bought a 26k car 2 years ago and the dealer wants to buy it back from me for 29k with 30,000 miles already on it.


PS5 and Xbox X's series are going for $800 on secondary markets

Keep your car. I bought my car used for 10k in 2019 and now the same car with more miles is going for 15k. Crazy

 

[69 others]

That infrastructure spending would send it over the top

 

[calixprynce]

Folk who were paying attention are not surprised by this. The damn government printed a shytload of money. Inflation was predicted even by people here. Your cash has less value than it did last year. So you buy up assets to keep up with inflation.

If nikkas aint copped BTC for times like this , thats on them . nikkas been saying this since the pandemic . Money machine + inflation = crypto boom

 

[Why-Fi]

I need gold bullion to experience that bitcoin rally

for real...

 

[TELL ME YA CHEESIN FAM?]

Op is a faggt.but I have noticed prices going up