Modern Day Hyperinflation

Is hyperinflation coming to the US in the next 8 years?

  • Yes

    Votes: 6 35.3%

  • No

    Votes: 10 58.8%

  • ET goes behind a firewall and charges people

    Votes: 2 11.8%
  • Total voters
    17
tomkat22 said:
I would venture to guess that 2.4 far outpaced annual salary growth for that same period. My salary damn sure didn't see that kind of growth and I bet a lot of other Americans didn't either.
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Inflation-adjusted, median US household income grew from 66k in 1990 to 71k in 2022 (https://www.statista.com/statistics/200838/median-household-income-in-the-united-states/). In nominal dollars (i.e. unadjusted for inflation), the median income in 1994 was ~30k and is 74k in 2023 (https://dqydj.com/household-income-by-year/), a growth rate of a bit over 3% so you can still afford your soap :D at double the price.
 
The major bone I have to pick is the metrics they use to measure inflation. They're bullshit and dont reflect what I see in my wallet. 2.4% inflation is a joke,in the real world it's way higher than that.
 
tomkat22 said:
The major bone I have to pick is the metrics they use to measure inflation. They're bullshit and dont reflect what I see in my wallet. 2.4% inflation is a joke,in the real world it's way higher than that.
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Well, what exactly is the problem do you have with the methdology? Is it the basket contents (e.g. you drink more beer), is it the substitution/replacement aspect, do you think something is missing?
 
I'm speaking anecdotally from 67 years of living and spending. Even the government admits they do the best they can on those stats but dont quite "get it right". (that's an understatement.)
 
tomkat22 said:
I'm speaking anecdotally from 67 years of living and spending. Even the government admits they do the best they can on those stats but dont quite "get it right". (that's an understatement.)
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I'd venture that your consumption basket has changed over the years. Mine certainly did - less beer, more dog food.

It's a hard problem and there is no perfect solution. The best comparison is that CPI is like trying to measure average blood pressure in a large hospital - between the morgue and the cardiovascular ward, the BP is perfectly normal. But intuitively 2-3 percent per year feels right unless you're very poor (it feels higher), loaded with education costs (feels much higher) or buy a lot of technology (feels much lower).
 
kashirin said:
isn't some form of economic genocide against Venezuela by USA? Sanctions for misbehaviour?
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The US needs to change its such wrong politics against these countries.
Otherwise rivals will make use of it, ie. profit from it...
 
Slow Learning Elf said:
Inflation-adjusted, median US household income grew from 66k in 1990 to 71k in 2022 (https://www.statista.com/statistics/200838/median-household-income-in-the-united-states/). In nominal dollars (i.e. unadjusted for inflation), the median income in 1994 was ~30k and is 74k in 2023 (https://dqydj.com/household-income-by-year/), a growth rate of a bit over 3% so you can still afford your soap :D at double the price.
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True but statistic (median) is misleading. The gap between high and low income is now like the Grand Canyon.

The better half of the median are making out like bandits.

I feel sorry for the bottom, many ended up on the street, homeless.

As a trader I produce nothing of real value, yet I make way more $ now than when I had my day job, producing something society needed. Something is not quite right.
 
ironchef said:
True but statistic (median) is misleading. The gap between high and low income is now like the Grand Canyon.

The better half of the median are making out like bandits.

I feel sorry for the bottom, many ended up on the street, homeless.

As a trader I produce nothing of real value, yet I make way more $ now than when I had my day job, producing something society needed. Something is not quite right.
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Are you already over the 1M benchmark? :)
I'll need at least 2+ more years... :-(
 
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