Tag: inflation
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Wall Street Journal reports food inflation of 36.6% since 2019
I don’t know why they used 2019 as the base line when most of the price hikes came in 2021 shortly after Biden took office. Prices started accelerating in 2020 during the government created pandemic but didn’t really take off until 2021. Now, that same $100 basket of goods you were buying in 2019 takes…
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Cumulative inflation under Biden is 17% while under Trump it was only 7%
If you want to know why spending is up while the public feels pessimistic about the economy just look to cumulative inflation or compound inflation if you will. It’s very simple but legacy news won’t report the reality. It’s the cumulative effect of inflation. It’s like the concept of compounding interest in a savings account…
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Question: What does an inflation adjusted 4.9% increase in GDP mean?
This is an honest question. It’s reported the GDP number is inflation adjusted. But the inflation numbers don’t include things like food and energy. GDP is the measure of all final goods and services produced in a time period. I take that to mean GDP includes food and fuel. How can we reconcile the true…
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Bidenomics brought you cumulative inflation of 17% in only 19 months
Since Joe Biden took office in 2021 the cumulative effect of compounding inflation over less than two years has amounted to 17%. This means today it takes $1.17 to buy what would have cost you $1.00 in January of 2021. This is using the U.S. Bureau of Labor Statistics web site. It’s important to look…
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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…