Inflation was going down under Biden, now it’s going back up

[GutterBoy 2,898]

Just had a roofer out to talk about getting a new roof.  I asked him about financing, and he said he would work with me on something reasonable, then we talked about bank rates and he made a comment about "Our president is focking us", I laughed it off, then just imagined some of these snowflakes throwing hissy fits based on politics.  In the end I'm still gonna use this guy to put a new roof on my house.

[Cdub100 3,826]

$6.00 for jar of mayo at my local Kroger.

Things aren't getting better.

[MTSkiBum 1,620]

The crash is coming soon, it was easy to see the inflation coming because the PPI index in china spiked months ahead of us getting inflation in the US. Now that China is facing deflationary pressure in their manufacturing industry we should start to see prices easy shortly in the US.

 

 

https://www.scmp.com/economy/economic-indicators/article/3227104/china-consumer-inflation-flat-june-factory-gate-prices-fall-further

Deflation risks in China heightened in June amid weak demand, with consumer prices remaining flat and a factory-gate price fall deepening further, underlining a slowing economic recovery.

The consumer price index (CPI) was unchanged from a year earlier, down from 0.2 per cent growth in May, according to the National Bureau of Statistics (NBS). It marked the lowest reading since February 2021.

Meanwhile, dragged down by a sharp fall in raw material prices, the producer price index (PPI) – which reflects the prices that factories charge wholesalers for products – fell by 5.4 per cent in June from the previous year. It marked the steepest fall since December 2015.

[MTSkiBum 1,620]

17 minutes ago, Cdub100 said:

$6.00 for jar of mayo at my local Kroger.

Things aren't getting better.

 

Eggs and chicken will continue to be expensive until we can solve the avian flu outbreak, as of a couple weeks ago it is still continuing. This will cause egg products like mayo to continue to have a high price.

https://www.sciencefriday.com/segments/avian-flu-outbreak-continues/

[Hawkeye21 2,380]

2 minutes ago, MTSkiBum said:

 

Eggs and chicken will continue to be expensive until we can solve the avian flu outbreak, as of a couple weeks ago it is still continuing. This will cause egg products like mayo to continue to have a high price.

https://www.sciencefriday.com/segments/avian-flu-outbreak-continues/

Thanks Biden!

[Ultra Max Power 214]

51 minutes ago, thegeneral said:

Looks like you will get to decide if you want back the guy at the wheel when the shet hit the fan or the guy currently at the wheel. 

Biden gave the last stimulus package... which was by far the least needed of the three.  So in that regard it did the most damage with the least benefit. 

I think Trump had limited options when covid hit and did a good job overall considering the situation.  

[seafoam1 2,799]

40 minutes ago, Ultra Max Power said:

Biden gave the last stimulus package... which was by far the least needed of the three.  So in that regard it did the most damage with the least benefit. 

I think Trump had limited options when covid hit and did a good job overall considering the situation.  

Trump was called a xenophobe by biden and pelosi for wanting to get ahead of things and closing the border to people who were at the heart of the chinese flu. 

pelosi formed an in person social event in the name of inclusion at the beginning of the outbreak. 

Great job liberals. They love throwing around "phobic" words and they don't even know how to use the reference. They're still doing it.

[BunnysBastatrds 2,310]

So is your face!!!Phag.

[RogerDodger 797]

13 hours ago, GutterBoy said:

Just had a roofer out to talk about getting a new roof.  I asked him about financing, and he said he would work with me on something reasonable, then we talked about bank rates and he made a comment about "Our president is focking us", I laughed it off, then just imagined some of these snowflakes throwing hissy fits based on politics.  In the end I'm still gonna use this guy to put a new roof on my house.

A - Finance Minor guy asking a roofing contractor about financing. 

B - Poor cant afford a new roof without taking out a loan. 

Quick - roof loan twice the interest rate as your mortgage which do you pay off first? 

 

[BunnysBastatrds 2,310]

Yer Mom isn’t going down like inflation. Butt tries

 

[GutterBoy 2,898]

7 hours ago, RogerDodger said:

A - Finance Minor guy asking a roofing contractor about financing. 

B - Poor cant afford a new roof without taking out a loan. 

Quick - roof loan twice the interest rate as your mortgage which do you pay off first? 

 

The first roofer offered me 6 months no interest to pay.  Why would I not do that?

[Ultra Max Power 214]

Numbers were better than expected today.  That's a good sign and has me a bit more optimistic. 

Shelter and Food are still up, while energy is dropping.  So the core needs of people are still hitting wallets hard.  

[Hardcore troubadour 14,923]

21 hours ago, GutterBoy said:

Just had a roofer out to talk about getting a new roof.  I asked him about financing, and he said he would work with me on something reasonable, then we talked about bank rates and he made a comment about "Our president is focking us", I laughed it off, then just imagined some of these snowflakes throwing hissy fits based on politics.  In the end I'm still gonna use this guy to put a new roof on my house.

Let me know what you pay. I have about five years left on mine and I’m starting to look. Got quoted a ridiculous price a few weeks ago.   

[GutterBoy 2,898]

2 minutes ago, Hardcore troubadour said:

Let me know what you pay. I have about five years left on mine and I’m starting to look. Got quoted a ridiculous price a few weeks ago.   

I got 2 quotes, $19,990 and $16,750.  I know I can get cheaper, as the local landscaper told me he would do it for cheap, but I want a real roofer, GAF certified, to do it.

I liked the second guy better, and he was cheaper.  Both local companies, want to support the locals.

[Hardcore troubadour 14,923]

9 minutes ago, GutterBoy said:

I got 2 quotes, $19,990 and $16,750.  I know I can get cheaper, as the local landscaper told me he would do it for cheap, but I want a real roofer, GAF certified, to do it.

I liked the second guy better, and he was cheaper.  Both local companies, want to support the locals.

I got 21k with a strip and 18 for an overlay, but the overlay voids the warranty. 2200 sq ft. 

[lod001 1,344]

21 minutes ago, GutterBoy said:

I got 2 quotes, $19,990 and $16,750.  I know I can get cheaper, as the local landscaper told me he would do it for cheap, but I want a real roofer, GAF certified, to do it.

I liked the second guy better, and he was cheaper.  Both local companies, want to support the locals.

That's about what I would expect to pay here in FL but I'm going with a metal roof this time. OUCH. I've been able to stretch it to 20 years which is rare here as the insurance companies are forcing many to re-roof after 15. 

[GutterBoy 2,898]

14 minutes ago, Hardcore troubadour said:

I got 21k with a strip and 18 for an overlay, but the overlay voids the warranty. 2200 sq ft. 

This is a full replace for me, house is 4500 sq ft, I would guess roof is half, little more since there are some one story rooms.

[Dizkneelande 1,085]

 

[Sean Mooney 1,937]

We had a new roof put on our house two years ago. The first place quoted me a price that was basically 750 dollars per square and that was even on the "OMG Sign today to get this price.!!" deal. I laughed at the guy and told him "Nah. I'll shop around." He called me an hour later and said "Ok. I talked with my manager and we can do this price"- which was still about 700 dollars per square. I said "You lost my business an hour ago. No thanks."

 

Basically if you are getting charged more than 600 per square you are getting a high estimate. Most places right now come in between 500-600 per square. If you get an estimate anywhere between like 300-400 do a little more digging as that is low end of estimates right now so just make sure they are legitimate.

 

The place who did our roof was just below 500 per square and they were great. The irony of the place though was at the house where they lived right next to their shop there were "Don't Tread on Me" and "America First" flags everywhere. Day of the job- one white foreman and 6 Mexicans show up to do the roof. Did a great job too.  

[Pimpadeaux 2,404]

22 hours ago, Cdub100 said:

$6.00 for jar of mayo at my local Kroger.

Things aren't getting better.

The reason mayo prices are high is because mayo contains eggs. Egg prices are high because avian flu has deeply affected the poultry industry. Even a Yooper should be able to grasp that prices go up when the supply is compromised. This is Economics 101. 

[seafoam1 2,799]

27 minutes ago, Pimpadeaux said:

The reason mayo prices are high is because mayo contains eggs. Egg prices are high because avian flu has deeply affected the poultry industry. Even a Yooper should be able to grasp that prices go up when the supply is compromised. This is Economics 101. 

I guess cows and pigs and utilities and everything else gets the avian flu too. 

Dumb ass.

[Blue Horseshoe 348]

22 hours ago, Cdub100 said:

$6.00 for jar of mayo at my local Kroger.

Things aren't getting better.

 

I sometimes order online now, because I have a much harder time getting around in my old age, but at one point, IIRC, it was 9 dollars in my area. Nine bucks for what should be about the standard 30 ounce jar of mayonnaise. 

Many of my employees are parents, so I felt badly for many of them, and of course for all parents out there, as there are some "staples" for kids that you can't avoid buying. Things like milk and eggs, you can skirt around that as an adult. But you can't really do that if you have young growing kids. 

So I grew up without very much and started out with basically nothing as a very young adult, so I'm attuned to simply moving on and doing without if it came to that. My bigger concern is if things like rice, dry beans, salt, vinegar, plain oatmeal, flour, basic fruit, basic vegetables, etc, etc explodes in price. A person can live without mayo if they had to do it, but if basic rice explodes in cost, it would actually hamper core survival pathways. 

The "baby formula" crisis over a year ago however was unforgivable. Mothers couldn't find baby formula anywhere. And it's not like infants have some magical list of alternatives available to them. 

[Blue Horseshoe 348]

23 hours ago, GutterBoy said:

Just had a roofer out to talk about getting a new roof.  I asked him about financing, and he said he would work with me on something reasonable, then we talked about bank rates and he made a comment about "Our president is focking us", I laughed it off, then just imagined some of these snowflakes throwing hissy fits based on politics.  In the end I'm still gonna use this guy to put a new roof on my house.

 

 

 

[Blue Horseshoe 348]

On 7/11/2023 at 8:21 AM, thegeneral said:

Supply and demand, people being flush with cash, limited inventory is a part of inflation, no? Part of this is allowing all the issues Covid created flush out. 

 

 

[Blue Horseshoe 348]

On 7/11/2023 at 8:21 AM, thegeneral said:

Supply and demand, people being flush with cash, limited inventory is a part of inflation, no? Part of this is allowing all the issues Covid created flush out. 

 

 

 

[Pimpadeaux 2,404]

10 minutes ago, seafoam1 said:

I guess cows and pigs and utilities and everything else gets the avian flu too. 

Dumb ass.

Supply and demand affects everthing, dipchit. Your butt buddy Putin's invasion of Ukraine had a worldwide economic impact. Supply and demand for energy has affected utility prices. Of course, you're cardboard one-track mind can't grasp these things because can't do anything but blame a president you hate, blinding you to basic economic principles. You probably put some of the blame on trannies as well. 

[Blue Horseshoe 348]

On 7/11/2023 at 8:21 AM, thegeneral said:

Supply and demand, people being flush with cash, limited inventory is a part of inflation, no? Part of this is allowing all the issues Covid created flush out. 

 

 

 

[Blue Horseshoe 348]

On 7/11/2023 at 8:21 AM, thegeneral said:

Supply and demand, people being flush with cash, limited inventory is a part of inflation, no? Part of this is allowing all the issues Covid created flush out. 

 

 

 

[Cloaca du jour 2,147]

3 minutes ago, Blue Horseshoe said:

 

 

 

Wasnt this like forever ago??

[seafoam1 2,799]

16 minutes ago, Pimpadeaux said:

Supply and demand affects everthing, dipchit. Your butt buddy Putin's invasion of Ukraine had a worldwide economic impact. Supply and demand for energy has affected utility prices. Of course, you're cardboard one-track mind can't grasp these things because can't do anything but blame a president you hate, blinding you to basic economic principles. You probably put some of the blame on trannies as well. 

Yeah, people running the government and making shlt decisions on massive spending have nothing to do with the economy.

Good one dumbass.

Thank God they got shot down on bailing out idiots who don't know how student loans work. 

And trannies are a moral degrage in society, not an economic one dumbass. 

[Blue Horseshoe 348]

4 minutes ago, Pimpadeaux said:

 Of course, you're cardboard one-track mind can't grasp these things because can't do anything but blame a president you hate, blinding you to basic economic principles

 

Over a year ago, there was a massive baby formula shortage across the nation. 

However at the Southern Border, there were stockpiles of baby formula available for illegal immigrants. American tax dollars were spent to send baby formula to non citizens first. I have no ill will for hungry infants period. No one here wants to see infants starve at the Southern Border. However none of those people and their infants needed to be in this country in the first place. If hard choices need to be made, it's the Obama/Biden Administration's job to PRIORITIZE American citizens first. Also the American infants first. 

Records show that the baby formula crisis hit critical mass in May to July of 2022. But the records also show the Biden Administration, specifically Susan Rice, was informed of the supply chain / production problems all the way back in November of 2021. Industry experts literally begged the Biden Administration to make sweeping changes in February of 2022. Then when it became a crisis that would cost the DNC votes ( not that Team Blue gave a single damn about starving infants) , Susan Rice sent C130s to Europe to purchase baby formula in mass quantities ( And at what incredible cost to tax payers)  Critics argued and asked why Biden simply did not deploy actual federal personnel to intervene in the issues with these baby formula production facilities that continued to fail to pass inspection. 

Biden ( actually his handlers) had up to a SEVEN MONTH LEAD TIME on the entire baby formula crisis. And did nothing until it cost them votes. Never mind actual infants were starving. 

The middle of 2020 showed how easily Americans can be choked out of basic necessities. It won't take much. 

Basic Media Optics 101 - You can't keep telling every day working class Americans something different than what they are seeing with their own two eyes. 

I have no quarrel with traditional liberals. But I am absolutely sure plenty of you activist radical leftists here are perfectly OK with people dying as long as you can try to scratch something pathetic together to defend your "tribe" 

[Pimpadeaux 2,404]

7 minutes ago, seafoam1 said:

Yeah, people running the government and making shlt decisions on massive spending have nothing to do with the economy.

Good one dumbass.

Thank God they got shot down on bailing out idiots who don't know how student loans work. 

And trannies are a moral degrage in society, not an economic one dumbass. 

OK, so let's take a look at the governmental impact on inflation under T-pump.

https://royalexaminer.com/trumps-inflation/

Quote

The increase in consumer and producer prices is due to the dramatic explosion of money and credit which took place during the Trump Administration not only in response to the scamdemic, but in the years leading up to it.  In fact, the plandemic was a convenient excuse to inject massive liquidity into a system that began to hemorrhage in September 2019.  In the early months of 2020, the markets began to implode before the unnecessary lockdowns as the air came out of the financial bubble.  This has been ignored by the financial press and Trump himself.

Before the covid hysteria, Trump had repeatedly lobbied for “cheap” money, calling for a renewal of “Quantitative Easing” (QE), reduction in interest rates, and he even spoke about “negative” rates.  The former president threatened to fire Jerome Powell, whom he had picked to head the Federal Reserve, for not reducing interest rates far enough.  Trump complained that President Obama benefitted from the Fed’s accommodative monetary policy and wanted similar treatment to keep the financial bubble going.

Trump’s fiscal policy was also highly inflationary as he ran record deficits long before covid.  His tax cuts and failure to cut government spending led to greater government borrowing, which the Fed was forced to monetize.  Trump was on pace, well before the 2020 lockdowns, to spend more money in four years than Obama spent in his two terms.  By 2019, the deficit had grown to $1 trillion dollars, up $205 billion, 26 percent from 2018. https://www.washingtonpost.com/business/2019/10/25/us-deficit-hit-billion-marking-nearly-percent-increase-during-trump-era/

Again, all before covid had begun.

GO GET YOUR SHINE BOX, BOYEEEEEE!

[seafoam1 2,799]

2 minutes ago, Pimpadeaux said:

OK, so let's take a look at the governmental impact on inflation under T-pump.

https://royalexaminer.com/trumps-inflation/

GO GET YOUR SHINE BOX, BOYEEEEEE!

Yeah. Using fake words like "Scandemic" "Plandemic" 

Great liberal opinion piece you follow as "truth". 

[Hardcore troubadour 14,923]

I’d the Ukraine war is the reason for the higher energy prices, why aren’t we producing more oil domestically, not less? 

[seafoam1 2,799]

9 minutes ago, Hardcore troubadour said:

I’d the Ukraine war is the reason for the higher energy prices, why aren’t we producing more oil domestically, not less? 

Biden prefers using up our reserves for some unknown reason. 

[RLLD 4,143]

2 minutes ago, seafoam1 said:

Biden prefers using up our reserves for some unknown reason. 

Pandering to the climate retards within his party....who think that lowering our usage matters at all, while China increases their emissions and in the process their economic and military power.   

[posty 2,611]

1 hour ago, Pimpadeaux said:

The reason mayo prices are high is because mayo contains eggs. Egg prices are high because avian flu has deeply affected the poultry industry. Even a Yooper should be able to grasp that prices go up when the supply is compromised. This is Economics 101. 

Egg prices in my neck of the woods are pretty much back to normal pre-increase...

https://fred.stlouisfed.org/series/APU0000708111

[JustinCharge 2,397]

as far as oil goes, Russia sends oil to India, which then refines it and sells it to the US.   This allows Biden to lie to everyone that he has sanctions in place on Russia while buying Russian oil.  But you must wonder what would happen if India just shut off the spigot.

[MTSkiBum 1,620]

6 hours ago, Hardcore troubadour said:

I’d the Ukraine war is the reason for the higher energy prices, why aren’t we producing more oil domestically, not less? 

I thought i saw that bat signal go up.

 

This year should be a record setting year for oil production in the US.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M

[Hardcore troubadour 14,923]

1 minute ago, MTSkiBum said:

I thought i saw that bat signal go up.

 

This year should be a record setting year for oil production in the US.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M

I hope you’re right. But it’s been down and it should probably be a lot more.