Inflation at 53-year low as QE money printing rages unabated!

[Tsing Tao]

Lol, there you go, crying again. It's all irrelevant.

You must live in a bizarro world or something where "crying" to you is poking fun at someone. I dunno where that comes from - but if it makes you feel better, call it what you want.

Even if inflation is low, if it's still above zero then prices will over time set new record highs.

Yes. And as long as wages do not increase, any increase at all causes more pain to people. It would seem you're having a hard time with this, so let's do some simple math.

If little Johnny makes $1200 a month parking cars as a valet at the local golf club, and he is used to spending $600 on rent, $300 on food and $150 on bills, even if total expenses go up the next month by a mere 5$, it is still less money he has in his pocket. Thus, small increases in inflation cause more pain when wages don't follow.

 

[Ricter]

You must live in a bizarro world or something where "crying" to you is poking fun at someone. I dunno where that comes from - but if it makes you feel better, call it what you want.




Yes. And as long as wages do not increase, any increase at all causes more pain to people. It would seem you're having a hard time with this, so let's do some simple math.

If little Johnny makes $1200 a month parking cars as a valet at the local golf club, and he is used to spending $600 on rent, $300 on food and $150 on bills, even if total expenses go up the next month by a mere 5$, it is still less money he has in his pocket. Thus, small increases in inflation cause more pain when wages don't follow.

So the problem is stagnant wages. I suggest a new focus for your day.

 

[piezoe]

Not to worry Tsing Tao. It's just the rye whiskey talking - again.

Lucrum, have you tried that knob Creek stuff? I heard it was pretty good but haven't tried it yet.

 

[dbphoenix]

So the problem is stagnant wages. I suggest a new focus for your day.

Speaking of stagnant wages . . .

McDonald's Can Be Liable For Issues At Franchise-Owned Restaurants, NLRB Rules

NEW YORK (AP) — McDonald's is coming under intensifying pressure for labor practices at its U.S. restaurants.

The National Labor Relations Board said Tuesday that the world's biggest hamburger chain could be named as a joint employer in several complaints regarding worker rights at franchise-owned restaurants. The decision is pivotal because it could expose McDonald's Corp. to liability for management practices in those locations. more . . .

 

[Ricter]

Lucrum, have you tried that knob Creek stuff? I heard it was pretty good but haven't tried it yet.

Yeah, Lucrum, have you? Just don't try it and drive, again.

 

[Tsing Tao]

So the problem is stagnant wages. I suggest a new focus for your day.

No, the problem is inflation. It's just that when wages don't rise, it makes it even worse. If your solution was to simply get wages to rise because prices were rising (which would be better) then those without wages or on fixed income would still be feeling more pain. Eliminate prices from rising and that gets better for all.

 

[Tsing Tao]

Yeah, Lucrum, have you? Just don't try it and drive, again.

Says the guy with all the increases on his insurance from accidents!

 

[Ricter]

No, the problem is inflation.

So what do you want, zero inflation?

 

[Ricter]

Says the guy with all the increases on his insurance from accidents!

Nothing to do with alcohol, the wife is a teetotaler. But Lukie's insurance no doubt rose. DUIs will do that.

 

[Tsing Tao]

So what do you want, zero inflation?

In a perfect world, yes. But that will never happen, so I will settle for almost no inflation with rising wages. And before you think "I've got him now!" and say "well that's what we have - 53 year low inflation" - the whole point is that we DON'T have that. It's just a manipulated number in time that doesn't even include energy and food.