Inflation at a 40 year high

[zantax]

@TheRedComet

At some point the house of cards has to fly apart.

The West done this to ourselves. I say West because the Europeans aren’t in any better shape than we are from a debt standpoint.

Well the East isn’t looking so hot either.

[TheRedComet]

That’s true. China’s ridiculously inflated housing market is fixing to come down like a meteor.

[PurpnGold]

@zantax

Oh no, this is just a foretaste. Wait for the double digit interest rates to kick in to see real misery.

What about companies continuing to earn record profits while inflation is considered this doom and gloom thing?

Not revenue…profit

[FreeAndClear]

@zantax

@TheRedComet

I keep asking my grandparents if this is what the 70s felt like.

They always say yes.

This ■■■■ sucks. And certain commodities are never going back to pre-Covid levels.

Oh no, this is just a foretaste. Wait for the double digit interest rates to kick in to see real misery.

When are these double digits kicking in? Right before the 49 state sweep of house and senate?

[zantax]

@PurpnGold

@zantax

Oh no, this is just a foretaste. Wait for the double digit interest rates to kick in to see real misery.

What about companies continuing to earn record profits while inflation is considered this doom and gloom thing?

Not revenue…profit

Inflation increases both profits and revenues. You should pay attention to which stocks are going up, typically the ones that are less in-elastic in pricing. A coke or medicine can double in price and keep selling. To make it easy for you, simply search for inflation hedging investment and then go look at what the big billionaire finance guys are buying.

[FreeAndClear]

The doom and gloom is phantasmagorical.

[zantax]

@FreeAndClear

The doom and gloom is phantasmagorical.

Not gloomy for me, I am adequately hedged.

[Guntsu]

@TheRedComet

I keep asking my grandparents if this is what the 70s felt like.

They always say yes.

This ■■■■ sucks. And certain commodities are never going back to pre-Covid levels.

No its not we are not experiencing a period of stagflation, this inflation has been caused due to an imbalance in demand and supply due to world wide shortages and trade disruption.

We also wont be seeing double digit interest rates either

Republicans will win congress in 2022 and then magically they will have “repaired” the damage, that will be the new tune count on it.

[NJBob]

@Cratic3947

Imagine having to commute 1.5 hours a day in the Cal bay area and having to pay 5 bucks a gallon. Dems make people poorer…

Take BART.

[WuWei]

@zantax

@TheRedComet

I keep asking my grandparents if this is what the 70s felt like.

They always say yes.

This ■■■■ sucks. And certain commodities are never going back to pre-Covid levels.

Oh no, this is just a foretaste. Wait for the double digit interest rates to kick in to see real misery.

Yep, the misery is just beginning.

[Guntsu]

One can only hope

[zantax]

@WuWei

@zantax

@TheRedComet

I keep asking my grandparents if this is what the 70s felt like.

They always say yes.

This ■■■■ sucks. And certain commodities are never going back to pre-Covid levels.

Oh no, this is just a foretaste. Wait for the double digit interest rates to kick in to see real misery.

Yep, the misery is just beginning.

All the misery of the mid to late seventies was to remove a fraction of the excess money we have printed now.

[PurpnGold]

@zantax

Inflation increases both profits

How??

[PurpnGold]

@WuWei

Yep, the misery is just beginning.

[WuWei]

This seems to be a recurring problem with progs, you© don’t seem to understand there’s always a price to be paid. A bill that comes due.

[FreeAndClear]

@zantax

@WuWei

@zantax

@TheRedComet

I keep asking my grandparents if this is what the 70s felt like.

They always say yes.

This ■■■■ sucks. And certain commodities are never going back to pre-Covid levels.

Oh no, this is just a foretaste. Wait for the double digit interest rates to kick in to see real misery.

Yep, the misery is just beginning.

All the misery of the mid to late seventies was to remove a fraction of the excess money we have printed now.

That’s why it failed. Amazing. Truly.

[FreeAndClear]

@Guntsu

One can only hope

How else can

[PurpnGold]

@WuWei

This seems to be a recurring problem with progs, you© don’t seem to understand there’s always a price to be paid. A bill that comes due.

We understand it, which is why we always attempt to generate revenue from taxes when implementing new policies.

Conservatives don’t seem to understand

[WuWei]

@PurpnGold

@WuWei

This seems to be a recurring problem with progs, you© don’t seem to understand there’s always a price to be paid. A bill that comes due.

We understand it, which is why we always attempt to generate revenue from taxes when implementing new policies.

Conservatives don’t seem to understand

Blood from a turnip.

[Samm]

@PurpnGold

@Samm

That’s because he is in a competitive business. If he raises the wages of his employees and his competition doesn’t, he will lose that .40 to .60 cents per item plus lose business because his competitors sell comparable products cheaper. If the government forces everyone to raise the wages, everyone will raise their prices and the customers will pick up the tab.

.40 cents for 10 items to raise his staffs pay by $3-$4 a hour?

In other words, we have to pay less than a half a dollar more to eat so that his staff can make an additional 6-8000 a year?

And that’s bad because……?

Seems that you missed the entire point of the conversation that you started.