Inflation - Prices are going up!

[GRULSTMRNN]

There you go, poor retiries clamoring about smaller packagings. You guys should be thankful for smaller snickers bars. If any of you had the same fire in the belly than French workers and equally complained about corporate abuse of workers your salary and benefits would be way higher than it is. Instead you worship pure capitalism and the only alternative most Americans know is Venezuela Venezuela Venezuela. As if there is nothing in between. Now Canada is close to overtaking the US as tech hub, all that with a federal health care system and reasonable taxes (example, someone generating 400 or 500k in annual capital gains pays around 15% on such gains, show me where that is possible in the US without hiring expensive lawyers and abusing every last loop hole there is). Nothing and no place is perfect but the trajectory where the US is going vs countries like Canada could not be more different.

I am out of this thread to escape the scorn of fat, angry individuals who hardly make a dime trading and find it beneficial to moan about the package sizes of bagels and snacks. Ridiculous. All the while they see no correlation between decreasing quality of life and subdued wage levels. Please go on worshipping your billionaires while you yourself feel the pinch buying gallon milk containers.

 

[Overnight]

There you go, poor retiries clamoring about smaller packagings. You guys should be thankful for smaller snickers bars...

...Please go on worshipping your billionaires while you yourself feel the pinch buying gallon milk containers.

My oh my GRULT, what has your panties in a bunch? The point of the thread is that prices are going up, i.e. we are getting less product for the same amount of dollars. That is inflation. That is the argument being proffered here. I think you be on a different mission, with a different missive in mind.

 

[GRULSTMRNN]

Yes bro inflation is real. So what? That's life. But it's not skyrocketing. What is not increasing is your wages. Which part is so incredibly difficult to comprehend? You guys all got a brain. Can you please use it just fuxxing once? Geez.

My oh my GRULT, what has your panties in a bunch? The point of the thread is that prices are going up, i.e. we are getting less product for the same amount of dollars. That is inflation. That is the argument being proffered here. I think you be on a different mission, with a different missive in mind.

 

[Overnight]

...What is not increasing is your wages. Which part is so incredibly difficult to comprehend?

Yes! Price of the goods (cost of living) are rising but wages are not rising commensurate! That is inflation!

I guess we see inflation through different lenses.

...All the while they see no correlation between decreasing quality of life and subdued wage levels.

Yes, that is inflation, not old people complaining about smaller sizes in our packaging! Oi!

Here's a fun old-people-retiring-vid.

 

[GRULSTMRNN]

Bullshit. Look up the definition of inflation. It is the increase of price in a given good. Has nothing to do with wages in itself. Price increases of goods together with stagnant wages is NOT inflation. Price increases of goods ALONE constitutes inflation whether or not you have stagnant wages or rising wages is irrelevant in determining whether prices of goods are inflationary or not.

That is why the Fed has a dual mandate: control inflation AND maximum employment. If inflation was defined in the way you did then the Fed would only have an inflation mandate.

Yes! Price of the goods (cost of living) are rising but wages are not rising commensurate! That is inflation!

I guess we see inflation through different lenses.



Yes, that is inflation, not old people complaining about smaller sizes in our packaging! Oi!

Here's a fun old-people-retiring-vid.

 

[Overnight]

Bullshit. Look up the definition of inflation. It is the increase of price in a given good. Has nothing to do with wages in itself. Price increases of goods together with stagnant wages is NOT inflation. Price increases of goods ALONE constitutes inflation whether or not you have stagnant wages or rising wages is irrelevant in determining whether prices of goods are inflationary or not...

I'ma have to disagree with you there on your police work.

The increase in the price of a given good can be one of two things...

1) The increase the producer charges to the consumer to buy the good, or...

2) The decrease in the purchasing power of the currency used to buy that good.

And then there is

3) A combination of the two?

DLR?

 

[Overnight]

But that is ok. You can just ask your neighbor if they feel the cost of everything they buy is going up, and if it means inflation to them.

 

[GRULSTMRNN]

Then you simply don't understand inflation. I am not surprised, but not my problem. You can do your homework and read up or remain to be wrong. The facts speak against you. Tip: start reading up on the Fed mendates.

I'ma have to disagree with you there on your police work.

The increase in the price of a given good can be one of two things...

1) The increase the producer charges to the consumer to buy the good, or...

2) The decrease in the purchasing power of the currency used to buy that good.

And then there is

3) A combination of the two?

DLR?

 

[Ryan81]

Inflation is when a central bank increases the money supply of a fiat currency at a faster rate than an economy/GDK is growing.

 

[GRULSTMRNN]

also incorrect.

Why are you people so God damn lazy? Its on the Fed website clear and precise and for everyone with at least an IQ of 50 to comprehend:

"
What is inflation and how does the Federal Reserve evaluate changes in the rate of inflation?
Inflation occurs when the prices of goods and services increase over time. Inflation cannot be measured by an increase in the cost of one product or service, or even several products or services. Rather, inflation is a general increase in the overall price level of the goods and services in the economy."

(Reference: https://www.federalreserve.gov/faqs/economy_14419.htm)

It's really that simple!!!

Inflation is when a central bank increases the money supply of a fiat currency at a faster rate than an economy/GDK is growing.