makorider

No inflation talk this morning? Welcome to the Carter Admin, V2.0

Rate this topic

26 posts in this topic

Its coming, and current policies IMO will not help, only compound

 

So, question for discussion, where or to what extent does everyone see inflation/rates ultimately reaching?

 

Don't worry though.  Frank says this is a good thing, it will set up the next administration's success.

 

.
 
CONSUMER PRICE INDEX – APRIL 2021
 
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent
in April on a seasonally adjusted basis after rising 0.6 percent in March, the
U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the
all items index increased 4.2 percent before seasonal adjustment. This is the
largest 12-month increase since a 4.9-percent increase for the period ending
September 2008.
 
The index for used cars and trucks rose 10.0 percent in April. This was the
largest 1-month increase since the series began in 1953, and it accounted for
over a third of the seasonally adjusted all items increase. The food index
increased in April, rising 0.4 percent as the indexes for food at home and
food away from home both increased. The energy index decreased slightly, as a
decline in the index for gasoline in April more than offset increases in the
indexes for electricity and natural gas. 
 
The index for all items less food and energy rose 0.9 percent in April, its
largest monthly increase since April 1982. Nearly all major component indexes
increased in April. Along with the index for used cars and trucks, the indexes
for shelter, airline fares, recreation, motor vehicle insurance, and household
furnishings and operations were among the indexes with a large impact on the
overall increase.   
 
The all items index rose 4.2 percent for the 12 months ending April, a larger
increase than the 2.6- percent increase for the period ending March. Similarly,
the index for all items less food and energy rose 3.0 percent over the last
12 months, a larger increase than the 1.6-percent rise over the 12 month period
ending in March. The energy index rose 25.1 percent over the last 12-months,
and the food index increased 2.4 percent. 
 
 
Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city
average
 
                                  Seasonally adjusted changes from
                                          preceding month
                                                                          Un-
                                                                       adjusted
                                                                        12-mos.
                              Oct.  Nov.  Dec.  Jan.  Feb.  Mar.  Apr.   ended
                              2020  2020  2020  2021  2021  2021  2021   Apr.
                                                                         2021
 
 All items..................    .1    .2    .2    .3    .4    .6    .8      4.2
  Food......................    .2    .0    .3    .1    .2    .1    .4      2.4
   Food at home.............    .1   -.2    .3   -.1    .3    .1    .4      1.2
   Food away from home (1)..    .3    .1    .4    .3    .1    .1    .3      3.8
  Energy....................    .6    .7   2.6   3.5   3.9   5.0   -.1     25.1
   Energy commodities.......    .7    .5   5.1   7.3   6.6   8.9  -1.4     47.9
    Gasoline (all types)....    .7    .5   5.2   7.4   6.4   9.1  -1.4     49.6
    Fuel oil (1)............    .7   3.3  10.2   5.4   9.9   3.2  -3.2     37.3
   Energy services..........    .5    .9    .2   -.3    .9    .6   1.5      5.4
    Electricity.............    .6    .3    .4   -.2    .7    .0   1.2      3.6
    Utility (piped) gas
       service..............    .4   3.0   -.4   -.4   1.6   2.5   2.4     12.1
  All items less food and
     energy.................    .1    .2    .0    .0    .1    .3    .9      3.0
   Commodities less food and
      energy commodities....    .0    .0    .1    .1   -.2    .1   2.0      4.4
    New vehicles............    .3    .0    .4   -.5    .0    .0    .5      2.0
    Used cars and trucks....    .9  -1.4   -.9   -.9   -.9    .5  10.0     21.0
    Apparel.................   -.9    .7    .9   2.2   -.7   -.3    .3      1.9
    Medical care
       commodities (1)......   -.7   -.4   -.2   -.1   -.7    .1    .6     -1.7
   Services less energy
      services..............    .1    .2    .0    .0    .2    .4    .5      2.5
    Shelter.................    .1    .1    .1    .1    .2    .3    .4      2.1
    Transportation services     .2   1.3   -.6   -.3   -.1   1.8   2.9      5.6
    Medical care services...   -.3   -.1   -.1    .5    .5    .1    .0      2.2
 

Share this post


Link to post
Share on other sites

It will be across board, but crazy on anything in tight supply.   

 

Another question is what will the status of the dollar be as a reserve currency by the end of obama 2?

Share this post


Link to post
Share on other sites

Where are those dems ....are they licking antifa boots again ....oooh biden hit them in the pocketbook and the 401k .....that  26% on 401k deposits is still out there ....LOL LOL LOL  you showed trump LOL LOL LOL ...inflation hmmm interest rates on the over inflated house they are buying...sept pay up on the covid back rent ,mortgage,loans ....uh huh ,the foreclosure folks are gearing up as we speak ....LOL LOL LOL ...

Share this post


Link to post
Share on other sites

The toughest “tax” on the poor who already have little discretionary funds to begin with. 

 

Welcome to Joe Biden’s America!

Share this post


Link to post
Share on other sites

This is nothing like the OPEC oil shock of the 1970's.

 

Those were exogenous forces outside of our control (Arabs jacked up the price of oil overnight)..

 

This time, the shock we will experience will have been entirely self-inflicted.

 

And it will be WORSE than OPEC (arguably nothing to do with oil too).

Share this post


Link to post
Share on other sites

In fact, the only time in our history that we did SOMETHING RIGHT was what Fed Chair Paul Volcker did RIGHT AFTER THE OPEC SHOCK.

 

TODAY, WE ARE DOING THE EXACT OPPOSITE.

Share this post


Link to post
Share on other sites

Posted (edited) · Report post

5 mins ago, Maine Guide said:

The toughest “tax” on the poor who already have little discretionary funds to begin with. 

 

Welcome to Joe Biden’s America!

Any attempt by Biden's money people will be met with Strong resistance from the Squad and the other Leftist Radicals.  As the Reps consolidate the Dims will pull apart.

 

I'm not sure the Dims even have a plan considering none of them have any Real life Experience 

Edited by Harf

Share this post


Link to post
Share on other sites

The commies here are still screeching about Trump. They don’t see the disaster Hiden and his far left wing administration is causing. 

Share this post


Link to post
Share on other sites

Posted (edited) · Report post

2 hours ago, jkrock said:

What’s plywood now?  $70+ a sheet? $8 for a 2x4?

A 30$ 250' roll of 14/2 romex is 130$

After the crash of 08 it was 77$

 

copper scrap is still 3 and change per lb.

 

The plastic coating cost went way up.

 

 

Edited by scoobydoo

Share this post


Link to post
Share on other sites
4 hours ago, makorider said:

Its coming, and current policies IMO will not help, only compound

 

So, question for discussion, where or to what extent does everyone see inflation/rates ultimately reaching?

 

Don't worry though.  Frank says this is a good thing, it will set up the next administration's success.

you are pretty stupid if you didn't understand my post.

Carter didn't CAUSE inflation,

he inherited it,

he via his Fed chair Volker addressed it by constricting the money supply,

When Reagan became president Volker then fired up the printing presses, and the Reagan economy boomed,

but that was already the plan.......

Share this post


Link to post
Share on other sites
2 mins ago, scoobydoo said:

A 30$ 250' roll of 14/2 romex is 130$

After the crash of 08 it was 77$

 

copper scrap is still 3 and change per lb.

 

The plastic coating cost went way up.

 

 

Crazy.  Those affordable houses the Dems want to build are going to cost 5 times as much

Share this post


Link to post
Share on other sites

The price of corn is up 50%. They're printing money and handing it out, so there's a rapidly inflating supply of currency with a decreasing supply of consumer items. Everyone is throwing money at a shrinking supply of goods. They have a name for that...Inflation. Inflated lumber costs now add $30,000 to the construction cost of a 1500 square foot house.

 When bread costs $15 a loaf and gasoline hits $5-6 a gallon, they won't be able to print enough money to stave off the crash.

  They've inflated the currency. That's what inflation is.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.