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(CBS 21 Harrisburg)   In other news, inflation is high and hitting U.S. consumers pretty good   (local21news.com) divider line
    More: Obvious, Jump In!, US consumers, prices, squeeze, jump  
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507 clicks; posted to Business » and Main » on 10 Jun 2021 at 9:50 AM (10 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



44 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-06-10 9:44:55 AM  
Obviously the only solution is to give rich corporations and rich people tax breaks.
 
2021-06-10 9:52:32 AM  

Merltech: Obviously the only solution is to give rich corporations and rich people tax breaks.


Taxes are going to go up for everybody.
 
2021-06-10 9:53:40 AM  
 
2021-06-10 9:55:02 AM  

Keyser_Soze_Death: Merltech: Obviously the only solution is to give rich corporations and rich people tax breaks.

Taxes are going to go up for everybody.


Have you ever been right about anything?
 
2021-06-10 9:55:50 AM  
The racist/fascist corporate media starts their assault on social programs.

Get ready, we are going to hear this bullshiat non stop for the next 12-18 months to make sure that nothing is passed to help the proles
 
2021-06-10 9:59:42 AM  
yawn
 
2021-06-10 10:02:10 AM  
Meanwhile, SP500 hits record high. I dunno.
 
2021-06-10 10:03:14 AM  

johnny_vegas: Meh, alarmist journalism


For a lot of items, doing a 12 month comparison is a bit disingenuous because so many things were super cheap last year due to lack of demand. For example, chicken wings were super cheap last spring because March Madness and the NBA championship were cancelled. Gas prices were similarly artificially low due to the shutdown.

Hell, for my job, all of our business analysis uses 2019 as a baseline because the 2020 numbers are so farked due to shutdowns and lockdowns last year.
 
2021-06-10 10:13:21 AM  

Merltech: Obviously the only solution is to give rich corporations and rich people tax breaks.


The Democrats control Congress and the White House. So they're going to do the right thing and finally make sure the rich and corporations pay their fair share even though it might mean a drop in their political donations.

/Ahhh hahahah hahaha haha ahaa
 
2021-06-10 10:20:14 AM  
If only there was a deflationary currency that will never have more than 21 million coins.....
 
2021-06-10 10:20:57 AM  

Linux_Yes: If only there was a deflationary currency that will never have more than 21 million coins.....


media4.giphy.comView Full Size
 
2021-06-10 10:21:06 AM  

KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.


It's almost like printing endless amounts of money has repercussions. Weird.
 
2021-06-10 10:42:30 AM  

Linux_Yes: If only there was a deflationary currency that will never have more than 21 million coins.....


Yes. The FBI is very pleased with it after the last week.
 
2021-06-10 10:49:33 AM  
I noticed it yesterday when the price of whoopie pies at this antique store moved from $1.00 to $1.10.
 
2021-06-10 10:53:06 AM  

Merltech: Obviously the only solution is to give rich corporations and rich people tax breaks.


The only tool the Fed has ever seemed to learn about is lowering interest rates, so they should do that, too.  Maybe they just haven't lowered them enough, you know?
 
2021-06-10 10:53:13 AM  

KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.


I had a FB friend try to claim his investments were down 15% this year due to Biden.  Which is either a complete lie or he's the worst investor in the world.

Also had people complaining about skyrocketing gas prices a week into his presidency...
 
2021-06-10 10:53:40 AM  

kdawg7736: I noticed it yesterday when the price of whoopie pies at this antique store moved from $1.00 to $1.10.


Profile checks out. Whoopie pies are both a Maine and PA thing.
 
2021-06-10 10:54:19 AM  

TheFoz: KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.

I had a FB friend try to claim his investments were down 15% this year due to Biden.  Which is either a complete lie or he's the worst investor in the world.

Also had people complaining about skyrocketing gas prices a week into his presidency...


So he bought Bitcoin?
 
2021-06-10 10:58:11 AM  

NuclearPenguins: kdawg7736: I noticed it yesterday when the price of whoopie pies at this antique store moved from $1.00 to $1.10.

Profile checks out. Whoopie pies are both a Maine and PA thing.


Just don't call them gobs.
 
2021-06-10 11:06:40 AM  

TheFoz: KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.

I had a FB friend try to claim his investments were down 15% this year due to Biden.  Which is either a complete lie or he's the worst investor in the world.

Also had people complaining about skyrocketing gas prices a week into his presidency...


Well, I don't know what he is investing in, but I'm doing average this year so far anyway.  Maybe he put it all in bitcoin, thanks Bide.

The worst was the giant Trump Slump last year, that was scary but it recovered.
 
2021-06-10 11:09:23 AM  

Mad_Radhu: johnny_vegas: Meh, alarmist journalism

For a lot of items, doing a 12 month comparison is a bit disingenuous because so many things were super cheap last year due to lack of demand. For example, chicken wings were super cheap last spring because March Madness and the NBA championship were cancelled. Gas prices were similarly artificially low due to the shutdown.

Hell, for my job, all of our business analysis uses 2019 as a baseline because the 2020 numbers are so farked due to shutdowns and lockdowns last year.


Exactly, I bought a few energy ETF stocks (VDE) for ~$40 last year.  It is now close to $80.
 
2021-06-10 11:13:10 AM  

Earl of Chives: KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.

It's almost like printing endless amounts of money has repercussions. Weird.


Used car salesmen murcan capitalists dont have a problem with it
 
2021-06-10 11:20:08 AM  

GardenWeasel: Linux_Yes: If only there was a deflationary currency that will never have more than 21 million coins.....

Yes. The FBI is very pleased with it after the last week.


Bec the ransomware guys used custodial wallets and or exchanges

Not smart

Have to use hardwallets and DEXs for security on the blockchain
 
2021-06-10 11:20:38 AM  

GardenWeasel: Linux_Yes: If only there was a deflationary currency that will never have more than 21 million coins.....

Yes. The FBI is very pleased with it after the last week.


Otherwise FBI SOL
 
2021-06-10 11:21:44 AM  

TheFoz: KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.

I had a FB friend try to claim his investments were down 15% this year due to Biden.  Which is either a complete lie or he's the worst investor in the world.

Also had people complaining about skyrocketing gas prices a week into his presidency...


Did u ask him why he loves socialism since hes paid w public money???
 
2021-06-10 11:27:28 AM  

Sliding Carp: Merltech: Obviously the only solution is to give rich corporations and rich people tax breaks.

The only tool the Fed has ever seemed to learn about is lowering interest rates, so they should do that, too.  Maybe they just haven't lowered them enough, you know?


Lower them enough, and the banks pay you to borrow their money. Right?

/right?
 
2021-06-10 11:30:02 AM  
Inflation is bad for consumers, but good for jobs.
 
2021-06-10 11:30:10 AM  

TheFoz: KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.

I had a FB friend try to claim his investments were down 15% this year due to Biden.  Which is either a complete lie or he's the worst investor in the world.

Also had people complaining about skyrocketing gas prices a week into his presidency...


There's a meme going around showing some gas station in LA where the prices are $1.50 more than anywhere nearby claiming this was the norm now under Biden.
Idiots eat it up even though they can clearly see the gas station down the street hasn't changed their prices in a month.
 
2021-06-10 11:30:53 AM  

Linux_Yes: TheFoz: KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.

I had a FB friend try to claim his investments were down 15% this year due to Biden.  Which is either a complete lie or he's the worst investor in the world.

Also had people complaining about skyrocketing gas prices a week into his presidency...

Did u ask him why he loves socialism since hes paid w public money???


If he did President Biden would probably  look at TheFoz and say "you don't really know what socialism is, do you?"
 
2021-06-10 11:31:08 AM  

El Dudereno: Sliding Carp: Merltech: Obviously the only solution is to give rich corporations and rich people tax breaks.

The only tool the Fed has ever seemed to learn about is lowering interest rates, so they should do that, too.  Maybe they just haven't lowered them enough, you know?

Lower them enough, and the banks pay you to borrow their money. Right?

/right?


https://www.wsj.com/articles/with-neg​a​tive-rates-homeowners-in-europe-are-pa​id-to-borrow-11616664600

Paywalled, but you can read the URL.
 
2021-06-10 11:33:03 AM  

Keyser_Soze_Death: Merltech: Obviously the only solution is to give rich corporations and rich people tax breaks.

Taxes are going to go up for everybody.


Everybody who works, maybe. The ownership class won't be paying a dime more.
There is no such legislation being contemplated, or even spoken of.
 
2021-06-10 11:36:52 AM  

jso2897: Keyser_Soze_Death: Merltech: Obviously the only solution is to give rich corporations and rich people tax breaks.

Taxes are going to go up for everybody.

Everybody who works, maybe. The ownership class won't be paying a dime more.
There is no such legislation being contemplated, or even spoken of.


Sort of, maybe
 
2021-06-10 11:38:30 AM  

Mad_Radhu: johnny_vegas: Meh, alarmist journalism

For a lot of items, doing a 12 month comparison is a bit disingenuous because so many things were super cheap last year due to lack of demand. For example, chicken wings were super cheap last spring because March Madness and the NBA championship were cancelled. Gas prices were similarly artificially low due to the shutdown.

Hell, for my job, all of our business analysis uses 2019 as a baseline because the 2020 numbers are so farked due to shutdowns and lockdowns last year.


Using the cpi to gauge inflation is bogus anyway.

The government started cooking the books during Reagan's first term to make folks happy by dropping a lot of stuff from be factored in.

Also let them save a lot on automatic cola raises and such.

Inflation has always been higher irl than what they report ever since.
 
2021-06-10 12:51:32 PM  
Local 21 News WHP

The station is owned by the Sinclair Broadcast Group.
 
2021-06-10 1:44:43 PM  

TheFoz: KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.

I had a FB friend try to claim his investments were down 15% this year due to Biden.  Which is either a complete lie or he's the worst investor in the world.

Also had people complaining about skyrocketing gas prices a week into his presidency...


Probably the sort of "investor" that bought AMC and GameStop at their peak. And then panic sold when they tanked.
 
2021-06-10 2:01:33 PM  
I was recently assured by Farkers that inflation would never again be above 2% and there was nothing to worry about.

So this article is highly suspect.
 
2021-06-10 2:09:11 PM  

iamskibibitz: Merltech: Obviously the only solution is to give rich corporations and rich people tax breaks.

The Democrats control Congress and the White House. So they're going to do the right thing and finally make sure the rich and corporations pay their fair share even though it might mean a drop in their political donations.

/Ahhh hahahah hahaha haha ahaa


This

We are totally saved
 
2021-06-10 2:10:17 PM  

Linux_Yes: If only there was a deflationary currency that will never have more than 21 million coins.....


The OG block chain
Fark user imageView Full Size

That 1/128th fraction of the stone is yours if you can recite the history.
 
2021-06-10 2:27:29 PM  

Bonzo_1116: Linux_Yes: If only there was a deflationary currency that will never have more than 21 million coins.....

The OG block chain
[Fark user image image 425x335]
That 1/128th fraction of the stone is yours if you can recite the history.


I bet it has more value than the hog wild fed printing presses
 
2021-06-10 4:58:55 PM  

Lord Bear: I was recently assured by Farkers that inflation would never again be above 2% and there was nothing to worry about.

So this article is highly suspect.


If inflation becomes a problem, the Fed will raise interest rates to stem it.
 
2021-06-10 5:54:03 PM  
I swear I live in an alternate universe from this stuff.  It's like last year when someone would start yammering about Hunter Biden or Solindra or whatever latest right wing outrage was being stoked by the Fox crowd.

Everything is getting better.  COVID rates have dropped off a cliff.  If you don't subscribe the Mary Baker Eddy school of medicine, you got your shot and COVID worries are behind you.  People who didn't have savings had a massive influx of cash over the last year.  Mortgage payments have gone down thanks to <3% interest.  Even a bonkers COVID response last year crashing the markets couldn't keep them down long term, and investment accounts continue to rise.  

They haven't been able to cast Biden as a bad guy, because, really, he's pretty likable.  They haven't been able to scream SOSHULISM because it turns out the relief packages have been pretty popular.  So what is it?  HaVe YoU sEeN tHe PrIcE oF MiLk!?!  It'S uP tO $6 a GaLlOn InStEaD oF $5!!!"
 
2021-06-10 5:54:39 PM  

Resin33: Lord Bear: I was recently assured by Farkers that inflation would never again be above 2% and there was nothing to worry about.

So this article is highly suspect.

If inflation becomes a problem, the Fed will raise interest rates to stem it.


Couldn't get over 2.5% last time they tried to tighten. They have even less room to raise rates now. The debt has gotten so large. The Fed needs to keep rates down because servicing that debt is an anchor very quickly when they raise rates. We're in a tight spot.
 
2021-06-10 8:52:13 PM  

Earl of Chives: KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.

It's almost like printing endless amounts of money has repercussions. Weird.


https://en.wikipedia.org/wiki/Early_A​m​erican_currency#Continental_currency
 
2021-06-10 9:22:18 PM  

Earl of Chives: KarmicDisaster: Meanwhile, SP500 hits record high. I dunno.

It's almost like printing endless amounts of money has repercussions. Weird.


Lol - someone thinks we've been printing endless amounts of money.
 
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