Tag: Economy
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Inflation in reality explained
Creating $5 trillion out of thin air devalues your money. It’s as easy to understand as a diluted glass of tea. The Federal Reserve financed $5 trillion of debt by printing money. This resulted in a dilution of the value of money, causing inflation. Printing money out of thin air is poison to an economy.…
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Retail sales at U.S. stores declined 0.6% in November WITHOUT adjusting for inflation
In October retail sales in the U.S. rose 1.3% and in November sales declined by 0.6%. Neither measure is adjusted for inflation which is over 7% for each month. Let’s forget for the moment inflation is no longer calculated to include the things you need to survive, like food and gasoline. October and November are…
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Shortage of everything except bad government policies
You’ve most likely heard we have a shortage of baby formula, nurses, teachers, and such. But did you know there is a shortage of accountants, Amoxicillin, diesel fuel, natural gas, jet fuel, Adderall, veterinarians, Thanksgiving turkeys, and bus drivers? Go to Google News, search “shortage”, and scroll through the ugly truth. Who would’ve thought shutting…
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I don’t know about the rest of you but I’m just a productive today as I was 2 years ago
A story in the Washington Post reports a severe drop in productivity in 2022. They wonder why while talking about remote work and flexible schedules. It’s not rocket science. People aren’t being productive because they don’t have to show up to work. In the immortal words of Red Foreman, “If it wasn’t work they wouldn’t…
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U.S. and California Economy is so great people are going to Mexico for lower prices
I wonder what kind of ad Gavin Newsom will run in Mexico telling Mexicans to shop in California? I guess living in a border town has its advantages as long as you can avoid the rampant crime and threats from cartels. Might be worth it for the great street tacos at low low prices.
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My personal inflation rate is 33.52%
The Wall Street Journal put together a handy little personal inflation estimator. You check off the boxes of the things you normally consume and they pop out an inflation number. If I was a more normal person that consumed more processed food, pop, beer & wine, and less meat I wouldn’t be feeling the pinch…