Annual inflation rose to 4.2% in April, highest in nearly 13 years - Page 1

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[ARCHIVED THREAD] - Annual inflation rose to 4.2% in April, highest in nearly 13 years (Page 1 of 2)

Posted: 5/12/2021 12:54:17 PM EST

Annual inflation rose to 4.2% in April, highest in nearly 13 years

Inflation Nation: Consumer Prices Jump 4.2%

Posted: 5/12/2021 12:55:06 PM EST

[#1]

Nobody saw it coming.

Posted: 5/12/2021 12:55:09 PM EST

[#2]

They are getting a little closer to the actual rate

Posted: 5/12/2021 12:56:07 PM EST

[#3]

I need to buy a fiddle so I can play it as Rome burns.

People are getting what they have been voting for their entire lives.

Posted: 5/12/2021 12:56:21 PM EST

[#4]

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Quoted:
They are getting a little closer to the actual rate

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'Sonly gettin started

Posted: 5/12/2021 12:56:35 PM EST

[#5]

Stock market in free fall now.

Posted: 5/12/2021 12:57:12 PM EST

[#6]

but....but....but he was mean and tweeted mean things!!

Posted: 5/12/2021 12:57:13 PM EST

[#7]

and 13 years ago was 2008

FJB
FBHO

Posted: 5/12/2021 12:58:38 PM EST

[#8]

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Stock market in free fall now.

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Back to lows not seen since... last month.

Posted: 5/12/2021 12:59:01 PM EST

[#9]

Quote History

Quoted:
They are getting a little closer to the actual rate

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based on what I'm seeing in parts costs, I'm gonna guess closer to 6%.

Posted: 5/12/2021 1:01:36 PM EST

[#10]

1) Drive production and supply into the dumper with Covid restrictions.

2) Pump trillions of dollars of cash into the hands of consumers.

3) Open shit back up.

4) What did they think was going to happen?

Posted: 5/12/2021 1:04:25 PM EST

[#11]

Posted: 5/12/2021 1:08:56 PM EST

[#12]

IJDGAF, let it burn down. It's fun watching the libtards squirm while potato head flounders.

Posted: 5/12/2021 1:11:48 PM EST

[#13]

It's not a big deal...yet. Prices dropped last April because people stopped going out and stopped buying things. Surplus items equals lower prices. The year of year CPI is comparing April 2020 to April 2021, of course the number is going to be a big jump. Jan 2020 the YoY CPI was 2.5, March is dropped to 1.5, April was 0.3, and May was 0.1. That is a 2 point drop from normal, so deduct that from this year's number...and you get 2.2% CPI based against "normal". Not a big deal at all.

Posted: 5/12/2021 1:14:05 PM EST

[#14]

And that's the bullshit govt numbers. Imagine what the real rate is

Posted: 5/12/2021 1:15:00 PM EST

[#15]

Better print more handouts to keep up!

Posted: 5/12/2021 1:16:06 PM EST

[#16]

Transitory.

Posted: 5/12/2021 1:20:09 PM EST

[#17]

The rate equivalent from 1990 standards is about 8%.
The rate equivalent from 1980 standards is about 14%.

Posted: 5/12/2021 1:21:39 PM EST

[#18]

Yeah...but... no mean tweets!

Posted: 5/12/2021 1:23:04 PM EST

[#19]

Quote History

Quoted:

Back to lows not seen since... last month.

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Just getting started.

Posted: 5/12/2021 1:25:27 PM EST

[#20]

Quote History

Quoted:
It's not a big deal...yet. Prices dropped last April because people stopped going out and stopped buying things. Surplus items equals lower prices. The year of year CPI is comparing April 2020 to April 2021, of course the number is going to be a big jump. Jan 2020 the YoY CPI was 2.5, March is dropped to 1.5, April was 0.3, and May was 0.1. That is a 2 point drop from normal, so deduct that from this year's number...and you get 2.2% CPI based against "normal". Not a big deal at all.

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Lol I suspected such a post from you

Posted: 5/12/2021 1:25:58 PM EST

[#21]

Prices will necessarily skyrocket......

Posted: 5/12/2021 1:27:13 PM EST

[#22]

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Quoted:
Yeah...but... no mean tweets!

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Higher inflation was inevitable, regardless of who was going to be in the White House.

Posted: 5/12/2021 1:27:40 PM EST

[#23]

FJB

Posted: 5/12/2021 1:28:29 PM EST

[#24]

Don’t recall the OP being from Cali. Visiting?...

Posted: 5/12/2021 1:31:53 PM EST

[#25]

https://www.reuters.com/world/us/treasurys-yellen-interest-rates-may-need-rise-modestly-2021-05-04/

Well, that didn't age well.

Posted: 5/12/2021 1:32:13 PM EST

[#26]

If interest rates rose to 4.9%, which is below historic norms, 30% of GDP goes directly to interest payments on the debt. That would be game.

And Inflation could very well necessitate higher rates. I can't help but lol @ the people who still believe this country can avoid massive economic implosion. Yeah, the rest of the world has debt problems as well, but the biggest loser will be the the one who loses reserve currency status... us.

https://twitter.com/LynAldenContact/status/1392127556292333573?s=20

Yeah, the stock market might not implode on Monday, but imagine sticking your fingers in your ears, thinking everything will just proceed as normal and lambasting everyone who is skeptical of the US economy long term as being "doomers." America is fucked. This train will run off the rails, and its gonna suck bigly. But low-key gonna enjoy watching the most entitled, pampered, debt-addicted citizenry in the world get a nice dose of humility. That's what it will take for us to truly make America Great Again and get back to our roots. Now if I could just get the fuck out of Atlanta before this shit comes off the tracks.

Posted: 5/12/2021 1:33:00 PM EST

[#27]

I feel like I should stock up on some stuff now, but how do you know WHAT to stock up on?

Posted: 5/12/2021 1:34:14 PM EST

[#28]

CPI had the largest month over month increase in 40 years.

Posted: 5/12/2021 1:34:32 PM EST

[#29]

Bought miners and silver ETF.

Thought to myself, "they are going to announce record high inflation, maybe i can balance out my shitty tech stocks with some PM's" but no luck

Posted: 5/12/2021 1:38:26 PM EST

[#30]

Quote History

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Bought miners and silver ETF.

Thought to myself, "they are going to announce record high inflation, maybe i can balance out my shitty tech stocks with some PM's" but no luck

View Quote

Good time to be buying crypto now.

Posted: 5/12/2021 1:41:21 PM EST

[#31]

Quote History

Quoted:
I need to buy a fiddle so I can play it as Rome burns.

People are getting what they have been voting for their entire lives.

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Boomers voting for boomtastic policy which comes home to roost just as they are exiting their earning years.

You could look at it as justice if not for the fact that the rest of us are getting screwed as well in the process.

Posted: 5/12/2021 1:42:12 PM EST

[#32]

Money printer go brrrr.

Posted: 5/12/2021 1:42:37 PM EST

[#33]

Quote History

Quoted:
IJDGAF, let it burn down. It's fun watching the libtards squirm while potato head flounders.

View Quote

That's how I feel. I know a few states cheated in the election, but still, nearly half of the country voted for biden. They deserve it.

I hope the pipelines shutdown and the electrical grid crashes. I want them all to sit at home in the dark and think about whats happening.

And then they will still vote democrat. We are screwed.

Posted: 5/12/2021 1:46:20 PM EST

[#34]

Attached File

Posted: 5/12/2021 1:48:15 PM EST

[#35]

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https://www.ar15.com/media/mediaFiles/339553/RudrXWc_jpg-1939474.JPG

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To be fair, inflation was going to surge even if Trump got re-elected. That's what happens when you hold rates down and spend trillions of dollars you don't have. This is likely just the base effects from Trump. Now Biden and Co are dumping fuel on top of an already absurd situation.

Posted: 5/12/2021 1:52:32 PM EST

[#36]

Quote History

Quoted:

Higher inflation was inevitable, regardless of who was going to be in the White House.

View Quote

True. 4.2% is still quite a bit higher than expected.

We were anticpating mid 3s at the worst at this stage of the game.

People need to go back to work and the Fed dollar faucet needs to be shut off sooner rather than later.

Posted: 5/12/2021 2:03:05 PM EST

[#37]

Only 25.8% off the real rate right now.

Posted: 5/12/2021 2:04:08 PM EST

[#38]

Quote History

Quoted:
Only 25.8% off the real rate right now.

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Yeah, I was going to say 30% since February.

Posted: 5/12/2021 2:27:37 PM EST

[#39]

Does this mean my yearly COL raise will be higher?

Holding my breath.

Posted: 5/12/2021 2:28:07 PM EST

[#40]

Watch out below!!

Er, excuse me, it’s “transitory” says Powell and(Cramer)

Posted: 5/12/2021 2:30:35 PM EST

[#41]

well on a serious note....now we know what causes inflation...it's increasing the money supply to the poors and not to the financial systems.

Posted: 5/12/2021 2:33:23 PM EST

[#42]

Quote History

Quoted:
and 13 years ago was 2008

FJB
FBHO

View Quote

Had a pipeline down then too (Sept 2008) caused about the same amount of panic and oh yeah gas was already heavily on the rise.

Weird isn't it? Like all these coincidences.

Posted: 5/12/2021 2:39:11 PM EST

[#43]

Judgment is also coming for home buyers that think a home's listing price is a starting bid at a auction.

Posted: 5/12/2021 2:42:26 PM EST

[#44]

Quote History

Quoted:
well on a serious note....now we know what causes inflation...it's increasing the money supply to the poors and not to the financial systems.

View Quote

Increasing the money supply to the financial system most definitely leads to asset inflation.

Posted: 5/12/2021 2:43:30 PM EST

[#45]

Quote History

Quoted:
Judgment is also coming for home buyers that think a home's listing price is a starting bid at a auction.

View Quote

I assume inflation would mean your hard assets would increase.

Figure this would make houses even more $$$

Posted: 5/12/2021 2:59:10 PM EST

[#46]

Quote History

Quoted:
Judgment is also coming for home buyers that think a home's listing price is a starting bid at a auction.

View Quote

Fed buys all the mortgages still, right?

Posted: 5/12/2021 2:59:39 PM EST

[#47]

Joe Biden's Amerika

Posted: 5/12/2021 3:00:27 PM EST

[#48]

We just need to push for more renewable energy, kill a pipeline or two more, print a couple trillion dollars and then have a couple good political purges of anyone who likes the Constitution, and this will all be fixed!

If only there was a historical example to look to as a cautionary tale of printing shit tons of money, constraining goods manufacture, delivery, etc.

Posted: 5/12/2021 3:07:40 PM EST

[#49]

Quote History

Quoted:
We just need to push for more renewable energy, kill a pipeline or two more, print a couple trillion dollars and then have a couple good political purges of anyone who likes the Constitution, and this will all be fixed!

If only there was a historical example to look to as a cautionary tale of printing shit tons of money, constraining goods manufacture, delivery, etc.

View Quote

Gee. Almost like it’s being done on purpose.