The 2021-2022 Inflation Discussion Thread

[beenz]

amex plat gives you $15 off uber per month
it's not much but it's something

apple card with apple pay gives u 3% cash back on uber also.

 

[BmoreGorilla]

Inflation in Rich Countries Hit a 12-Year High in April
Jump in oil prices has led some to see echoes of the 1970s, but increase in supply suggests pressures will be temporary
What Your Breakfast Can Tell You About Inflation Worries

Rising costs for everyday foods like bacon and fruit have raised concerns about inflation. Here’s why you may be paying more for breakfast, and what that says about where prices might be heading in the future.

Photo: Carter McCall/WSJ


Consumer prices across the rich world rose at the fastest pace in more than 12 years during April, as central bankers try to figure out whether shortages that have emerged as the global economy reopens will prove transitory or have long-lasting consequences.

The Organization for Economic Cooperation and Development Wednesday said consumer prices in its 36 members, which are mostly rich countries, were 3.3% higher than in April 2020. That was the largest increase since October 2008.

Across the Group of 20 leading economies, which account for about four-fifths of global economic activity, the annual rate of inflation rose to 3.8% from 3.1% in March, reaching its highest level in over a year.

The jump in some prices over recent months has unsettled investors used to a long period of sluggish inflation. In the U.S. those concerns have been compounded by the Biden administration’s fiscal stimulus package, which is unmatched in any other part of the world economy.

“Market worries surrounding high and accelerating inflation stem from the risk that pent-up demand, strong fiscal stimulus and the Fed’s commitment to keep policy rates on hold will cause overheating,” said Moody’s Investors Service in a note on the inflation outlook.

Inflation in Rich Countries Hit a 12-Year High in April

My thing with rideshare tho is that prices can surge for 10 minutes and then come right back down

 

[Prodyson]

Inflation in Rich Countries Hit a 12-Year High in April
Jump in oil prices has led some to see echoes of the 1970s, but increase in supply suggests pressures will be temporary
What Your Breakfast Can Tell You About Inflation Worries

Rising costs for everyday foods like bacon and fruit have raised concerns about inflation. Here’s why you may be paying more for breakfast, and what that says about where prices might be heading in the future.

Photo: Carter McCall/WSJ


Consumer prices across the rich world rose at the fastest pace in more than 12 years during April, as central bankers try to figure out whether shortages that have emerged as the global economy reopens will prove transitory or have long-lasting consequences.

The Organization for Economic Cooperation and Development Wednesday said consumer prices in its 36 members, which are mostly rich countries, were 3.3% higher than in April 2020. That was the largest increase since October 2008.

Across the Group of 20 leading economies, which account for about four-fifths of global economic activity, the annual rate of inflation rose to 3.8% from 3.1% in March, reaching its highest level in over a year.

The jump in some prices over recent months has unsettled investors used to a long period of sluggish inflation. In the U.S. those concerns have been compounded by the Biden administration’s fiscal stimulus package, which is unmatched in any other part of the world economy.

“Market worries surrounding high and accelerating inflation stem from the risk that pent-up demand, strong fiscal stimulus and the Fed’s commitment to keep policy rates on hold will cause overheating,” said Moody’s Investors Service in a note on the inflation outlook.

Inflation in Rich Countries Hit a 12-Year High in April

Question. If the stimulus packages actually caused inflation, shouldn’t deflation happen once all this free money runs out? We aren’t going to continue to give people free money and eventually people aren’t going to be able to afford these higher prices and demand will fall. Consumers also aren’t normally investors either, so it’s not like they are compounding that free money.

As soon as they loosen these eviction restrictions, stop these unemployment benefits and open up more entertainment, restaurants and travel (giving people other places to spend their money), and they loosen the reins on international trade, I’d think true inflation would be minimal. For example, people aren’t going to be buying and renovating their homes forever.... so what happens to the housing market when all that comes to a screeching halt and demand for lumber levels out?

 

[Toe Jay Simpson]

I know a dude that made $40 taking somebody 2 miles during rush hour

 

[TRY GOD]

My thing with rideshare tho is that prices can surge for 10 minutes and then come right back down

Just like any investment or money hedging, we can counteract this by using taxis.

Rideshares are starting to be exposed for what they are, the introduction to the new servent economy. And unfortunately people are going to have to pay to play, or be left with services that are accessible to the general public, which means less quality.

Uber is just one of many companies where this will change. They already letting you know with the chicken hack and shortage, real estate bubble, gas hacks and shortages, and trade wars; everything's about to be specialty, exclusive, and high priced.

 

[TRY GOD]

Question. If the stimulus packages actually caused inflation, shouldn’t deflation happen once all this free money runs out? We aren’t going to continue to give people free money and eventually people aren’t going to be able to afford these higher prices and demand will fall. Consumers also aren’t normally investors either, so it’s not like they are compounding that free money.

As soon as they loosen these eviction restrictions, stop these unemployment benefits and open up more entertainment, restaurants and travel (giving people other places to spend their money), and they loosen the reins on international trade, I’d think true inflation would be minimal. For example, people aren’t going to be buying and renovating their homes forever.... so what happens to the housing market when all that comes to a screeching halt and demand for lumber levels out?

You're saying what so many people are thinking.

The takeaway I got from your posts is that it seems that everything you said was man-made, and it didn't have to result in what is happening to us now.

Both administrations have a hand in the continued destruction of our economy.

 

[Prodyson]

You're saying what so many people are thinking.

The takeaway I got from your posts is that it seems that everything you said was man-made, and it didn't have to result in what is happening to us now.

Both administrations have a hand in the continued destruction of our economy.

Definitely man made. Whether it was necessary is another conversation. I tend to fall somewhere in the middle. Some of these policies were probably in the best interest of the country... but then politics and pandering forced people to go overboard. Then we end up addressing symptoms and not the actual problems in our economy.

How about we start by taxing the shyt out of conglomerates who use tax funded infrastructure based on how much of their revenue in circulated to their workforce. For example, taxing a company heavily for any dollar below a percentage of revenue not paid to wages for workforce below executive level.... or make the tax standard and give tax benefits only for dollars spent above a certain percentage of revenue. But nope... instead we pay people for being poor. And the only way to sustain that without addressing the root cause is to continue paying people for being poor, further screwing up the economy by printing more and more valueless money. All the while the market incentivizes things like stock buybacks used to prop up stock prices and earn money based on imaginary hope.... not to mention the bonuses the executives get for the same.

Democrats and Republicans are both pretty shytty policy makers. Either that or they are genius policy makers and have figured out a way to trick us all into believing one thing and them get exactly what they want.

 

[Diunx]

everything is getting fukking expensive everywhere, I feel sorry for people with children.

 

[TRY GOD]

Bump

 

[Dirty Mcdrawz]

The Uber and Lyft prices in Hawaii were crazy. We ended up using a taxi to get us from and to the airport because Uber/Lyft was $60-70 dollars while the taxi was $35-40.

 

[TRY GOD]

The Uber and Lyft prices in Hawaii were crazy. We ended up using a taxi to get us from and to the airport because Uber/Lyft was $60-70 dollars while the taxi was $35-40.

I'm not going to lie, I shytted on taxis when Uber and Lyft came out around 2011 or 12. Right around HObama's second term.

Him and that Emmanuel guy from Chicago whose brother is re from Entourage champion this servant economy. ROM Emmanuel I think

 

[Jimmy from Linkedin]

I'm not going to lie, I shytted on taxis when Uber and Lyft came out around 2011 or 12. Right around HObama's second term.

Him and that Emmanuel guy from Chicago whose brother is re from Entourage champion this servant economy. ROM Emmanuel I think

rahm.
i just recently took a taxi back from the airport. It was hard to believe that there were 0 ubers or lyfts around 2pm at the airport, which is guaranteed money. There was only 1 taxi, as soon as he pulled up I hopped in. I think there will be a resurgence in taxis as people lose the "hustle" aspect, now that covid changed everything.

@MR. SNIFLES what are your thoughts on the future of rideshare?

 

[TRY GOD]

rahm.
i just recently took a taxi back from the airport. It was hard to believe that there were 0 ubers or lyfts around 2pm at the airport, which is guaranteed money. There was only 1 taxi, as soon as he pulled up I hopped in. I think there will be a resurgence in taxis as people lose the "hustle" aspect, now that covid changed everything.

@MR. SNIFLES what are your thoughts on the future of rideshare?

Which is kind of unfortunate. I know a lot of nikkas that was making a lot of money doing these type of side hustles.

This is what inflation exposes. Don't let these nikkas try to tell you ain't no inflation or not to be worried about rising prices.

Low supply, high demand equals higher prices. Inflation is literally predicated upon it.

 

[GatorStaceyAdams]

Which is kind of unfortunate. I know a lot of nikkas that was making a lot of money doing these type of side hustles.

This is what inflation exposes. Don't let these nikkas try to tell you ain't no inflation or not to be worried about rising prices.

Low supply, high demand equals higher prices. Inflation is literally predicated upon it.

Yep. Every one on this board keeps denying inflation despite all the indicators saying otherwise.

Worst thing about it is that inflation essentially becomes a tax that overwhelmingly penalizes the lower and middle class. Things about to look very ugly in a couple of years.

 

[MR. SNIFLES]

rahm.
i just recently took a taxi back from the airport. It was hard to believe that there were 0 ubers or lyfts around 2pm at the airport, which is guaranteed money. There was only 1 taxi, as soon as he pulled up I hopped in. I think there will be a resurgence in taxis as people lose the "hustle" aspect, now that covid changed everything.

@MR. SNIFLES what are your thoughts on the future of rideshare?

THIS IS THE TAIL END OF THE RIDESHARE GAME FOR HUMANS. DUE TO THE SHORTAGE OF DRIVERS, YOU CAN MAKE SOME SERIOUS BREAD IN SOME CITIES. AS THINGS SLOW DOWN, WE WILL SEE IF THE CASUAL DRIVERS COME BACK. THEY PROBABLY WON'T. ONLY THE HARDCORE DRIVERS ARE OUT RIGHT NOW.

THEY OFFERED ME 1K TO COME BACK WITH A GARUANTEED 3K A MONTH INCOME FOR 3 MONTHS. PLUS AND ADDITIONAL 1K FOR ANY DRIVER I REFER. STILL, NOBODY WANTED TO GO BACK.

I WOULD SAY TO AVOID IT. DOOR DASH IS MUCH SAFER AND POSSIBLY MORE MONEY. RIDESHARE IS DEAD FOR NOW UNLESS YOU HAVE ANOTHER HUSTLE PAIRED WITH IT.