June [July] inflation

Sure, show me where real wages are up $8,500 in 2 years. I'll wait LOL.

 

So you can't produce numbers showing otherwise. Best to sit and let the adults talk skippy.

 

Just tell me how he derived his numbers and we can use them. That's all you gotta do. And what about incomes? Did he say anything about incomes?

 

You show me where incomes went up more than $8,500. Call Zandi. He's a dem, I'm sure he'll take your call LOL.

 

Ok, it's pretty clear that you don't know what real wages are.

 

Oh man, I'm so glad inflation isn't an issue anymore. It's weird that in the real world that isn't true...

People are spending more on groceries. But they're buying less | CNN Business

his year through May 21, compared to the same period in 2022, sales of fresh eggs by volume fell 4.7%, milk dropped 3.9%, packaged bread fell 3.8%, and fresh root vegetables slid 3.5%, according to Circana, which tracks US retail sales. in that time, dollar sales of eggs rose by 41.2%, milk rose by 0.9%, bread jumped 8.5% and fresh root vegetables rose 10.7%.

Prices of each of these items rose during that period. Fresh eggs shot up 48.2%, milk rose 5%, bread rose 12.7% and fresh root vegetables went up 14.7.


https://www.usnews.com/news/healthi...lation-u-s-food-prices-remain-stubbornly-high

A spike in inflation to over 9% last year has largely subsided. But prices of staples like butter, sugar and potatoes that rose over 20% since the start of 2022 have yet to come down.

 

LOL. I'm in the financial field. Thanks for confirming you don't. This is the most fun i've had on Too Hot in a long time. Loving watching you flail around trying to argue inflation isn't an issue. So awesome.

 

Wow. That's truly sad. I feel sorry for your clients. See, when you asked him to show you where real income increased by $8500 over the last 2 years, it shows that you don't actually know what real income means. Because real income is chained to constant dollars and you are trying to compare that to nominal price increases (of $8500 in your example). That's either due to ignorance on your part or it's just more of your intellectual dishonesty.

But since you claim know what real income is, can you tell me how real income has changed over the last year? Hint, it's in this link:

Real Earnings Summary - 2023 M07 Results

 

you keep using that word “real”. Doesn’t appear you know what it means..

 

Loan shark?

 

Nope. Good try though. You keep thinking there hasn’t been an increase in inflation while the rest of the world laughs at you.

 

You don’t seem to know what inflation means and what it means when prices have increased $8,500 in 2 years. Sorry, you keep digging deeper and deeper

 

How did you know?

 

I haven't gotten into the weeds, but I do think inflation is an issue. I think a political question still exists regarding whom or what the voters may blame for it and what they believe should be done about it. I was trying to find fair and reliable numbers on the rates of inflation around the world, but based upon a couple results I got, it doesn't seem like everyone can agree about those data and the proper comparisons. Any good sites people have on those global numbers would be interesting to discuss.

 

What? What are you even talking about? When did I say there wasn't an increase in inflation?

 

pretty bad take. the extent that businesses can pass on wage increases, taxes, etc. depends on the elasticity of supply & demand. the bolded is particularly bad...there are situations where profit margins can be maintained or increased with price CUTS

 

To be honest, politicians deserve some of the blame, but ultimately I would put majority blame on the Federal Reserve. Politicians: passing additional stimulus beyond what was already expended in 2020. By the time 2021 rolled around, it was clear that economy was fundamentally recovered from any pandemic induced shock or recession. Federal Reserve not only continued printing trillions of dollars in 2021, keeping the key rate at 0, they were still printing into 2022 when it was abundantly clear the economy was entering a boom. The more they print, the greater the currency devaluation. Hence, inflation. Printing such a large amount in such a small window of time was short-sighted. They could have always tapped the brakes in early 2021 to see what would happen and re-start QE later.

 

Ok, that has nothing to do with what I said. Of course, every business with be different and nuanced. No shit, Sherlock. But generally speaking, when the government hikes taxes on businesses, those businesses are going to do what they can to pass on the increased tax burden to the consumer.

 

You are downplaying inflation like it doesn’t exist. It’s ok, we all see it. Prices have increased $8,500 in 2 years. Can you keep posting percentages for me LOL? I’ll just post $8,500 increase

 

My guess is you are arguing with a bot. I can't see it. (hint, hint)