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

Quote from Ricter:

Shadowstats has "been discredited". If inflation were actually that high you would be hearing about it from the general public, whose perception of inflation (while inflated, heh) is still lower than shadowstats.
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Unreal. "hear about it in the general public". We get plenty of anecdotal evidence every single day.

Besides your fellow wingnut, Piezoe, alluded to Shadowstats multiple times to defend the higher education cartel in their neverending tuition inflation.
 
Quote from Tsing Tao:

I'm ok with moving to food, but you can't say Shadowstats was "discredited" just because a few bloggers online think that Shadowstats isn't a good indicator. If "that was the way to bet" just by google (or duckduck) responses, then the government also lies about CPI.
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Just more of his troll behavior. He'll ask you for "proof", then go ahead and dismiss the proof because HE decides it's a "fringe" site..(as he's done with Zerohedge).
 
Quote from denner:

Unreal. "hear about it in the general public". We get plenty of anecdotal evidence every single day.

Besides your fellow wingnut, Piezoe, alluded to Shadowstats multiple times to defend the higher education cartel in their neverending tuition inflation.
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Quote from denner:

Just more of his troll behavior. He'll ask you for "proof", then go ahead and dismiss the proof because HE decides it's a "fringe" site..(as he's done with Zerohedge).
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This is why I laughed at the "discredited" statement, just after he posted the "anything you don't agree with is dismissed as fake". :)
 
Quote from Tsing Tao:

This is why I laughed at the "discredited" statement, just after he posted the "anything you don't agree with is dismissed as fake". :)
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I put "been discredited" in quotes because you were first to use it, back when Yglesias was the topic (and Max was criticizing his... appearance). I should have put a smiley on this one today, so I could claim I was laughing, too.
 
Quote from Ricter:

I put "been discredited" in quotes because you were first to use it, back when Yglesias was the topic (and Max was criticizing his... appearance). I should have put a smiley on this one today, so I could claim I was laughing, too.
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The only difference is that, in the Yglesias topic, I offered specific reasons detailed why the article from him was flawed. You used his blog to support your argument on how the Fed could unwind it's stimulus. You said "I read something last week that detailed how it could work." I then asked you to explain further, and, true to Ricter form, you provided me with a google search result as your answer. I then took the time to review the top 10 results, one of which was Yglesias (and incidentally that was the only result in the top 10 that spoke even to the topic you were trying to respond to).

I explained why his answer to Fed unwinding would not work here. You never did try to debate that and just exited the thread soon after. Here is another thread where I called out flaws in Yglesias, the blogger's, post about how unemployment could be affected by monetary policy. You never did answer that either, and did the ol' Ricter 2 step away.

Williams from shadowstats simply took the original BLS methodology and applied it to today's prices, and got what inflation would look like without the BLS admitted changes in their data. There's not a whole lot of complexity to what he did.

You compare this to a blogger who writes editorials without any data to back up his arguments.
 
(CNSNews.com) - The average price for a kilowatthour (KWH) of electricity hit a March record of 13.5 cents, according data released yesterday by the Bureau of Labor Statistics. That was up about 5.5 percent from 12.8 cents per KWH in March 2013.

The relative price of electricity in the United States tends to rise in spring, peak in summer, and decline in fall. Last year, after the price of a KWH averaged 12.8 cents in March, it rose to an all-time high of 13.7 cents in June, July, August and September.

If the prevailing trend holds, the average price of a KWH would hit a new record this summer.
 
Ah, thank you for bringing this thread back, Lucrum. I had been meaning to do so in the last week but had gotten sidetracked.

Gas at record pricing for this time of year.

Beef prices:

beef%20prices%201_0.jpg


Pork:

Pork%20prices_0.jpg



Shrimp! lol :)

shrimpt%20prices%201_0.jpg


Bah, who needs protein! Let the peasants eat cake!

From Bloomberg:

Prices for shrimp have jumped to a 14-year high in recent months, spurred by a disease that’s ravaging the crustacean’s population. At Noodles & Co., a chain with locations across the country, it costs 29 percent more to add the shellfish to pastas this year, and shrimp-heavy dishes at places like the Cheesecake Factory Inc. are going up as well.

Restaurant chains, already struggling with shaky U.S. consumer confidence, are taking a profit hit as prices climb. Even worse, the surge is happening during the season of Lent, when eateries rely on seafood to lure Christian diners who abstain from chicken, beef and pork on certain days.

“It’s coming at a tough time for the industry,” said Andrew Barish, a San Francisco-based analyst at Jefferies LLC. “With the Lenten season, what you’ll see out there is a lot of promotions with seafood, and usually shrimp is a big part of that.”

In March, shrimp prices jumped 61 percent from a year earlier, according to the U.S. Bureau of Labor Statistics. The climb is mainly due to a bacterial disease known as early mortality syndrome. While the ailment has no effect on humans, it’s wreaking havoc on young shrimp farmed in Southeast Asia, shrinking supplies.
***
James Johnson, a Jewel-Osco supermarket shopper in Chicago, has noticed the price increase. He’s been cutting back on one of his favorite dishes -- shrimp and potato soup -- because of the cost.

“I haven’t made it in a while,” the 29-year-old said. “Shrimp looks expensive.”
***
At Noodles, it now costs $3.34 to add the shellfish to a meal of pasta or pad thai, compared with $2.59 last year.

“We still want to at least offer it as choice,” Chief Executive Officer Kevin Reddy said in a phone interview. “As soon as the costs begin to normalize, we’ll return to the regular price.”
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Maybe Ricter will give us some circulars of "stores near us" that show cheap beef prices.
 
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