Just checked GasBuddy, and that Costco is now $3.89.
Worst inflation in 40 years
- HTRN
- Posts: 12397
- Joined: Wed Aug 20, 2008 3:05 am
Re: Worst inflation in 40 years
HTRN, I would tell you that you are an evil fucker, but you probably get that a lot ~ Netpackrat
Describing what HTRN does as "antics" is like describing the wreck of the Titanic as "a minor boating incident" ~ First Shirt
Describing what HTRN does as "antics" is like describing the wreck of the Titanic as "a minor boating incident" ~ First Shirt
- blackeagle603
- Posts: 9770
- Joined: Tue Aug 19, 2008 4:13 am
Re: Worst inflation in 40 years
Here in SoCal 5.65/gal for diesel at the Rez never looked so good. $6+ anywhere in town.
"The Guncounter: More fun than a barrel of tattooed knife-fighting chain-smoking monkey butlers with drinking problems and excessive gambling debts!"
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic;" Justice Story
"The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of a republic;" Justice Story
- HTRN
- Posts: 12397
- Joined: Wed Aug 20, 2008 3:05 am
Re: Worst inflation in 40 years
One YouTuber who drives a Semi just did a video complaining somebody at a Truck stop siphoned his tanks at a Truck stop when he was away from the Semi...
I'm also hearing of alot more cases of punctured gas tanks by junkies stealing fuel. Between that and the Catalytic converter thefts...
I'm also hearing of alot more cases of punctured gas tanks by junkies stealing fuel. Between that and the Catalytic converter thefts...
HTRN, I would tell you that you are an evil fucker, but you probably get that a lot ~ Netpackrat
Describing what HTRN does as "antics" is like describing the wreck of the Titanic as "a minor boating incident" ~ First Shirt
Describing what HTRN does as "antics" is like describing the wreck of the Titanic as "a minor boating incident" ~ First Shirt
- Vonz90
- Posts: 4731
- Joined: Fri Sep 19, 2008 4:05 pm
- Jericho941
- Posts: 5180
- Joined: Sun Aug 24, 2008 8:30 am
Re: Worst inflation in 40 years
I know you don't know what inflation means, then.scipioafricanus wrote: ↑Fri Mar 18, 2022 10:16 amI don't think you know what inflation means, then.Jericho941 wrote: ↑Fri Mar 18, 2022 4:29 am I'll believe in inflation when corporations stop posting record profits.
- Vonz90
- Posts: 4731
- Joined: Fri Sep 19, 2008 4:05 pm
Re: Worst inflation in 40 years
Scipio is correct. Short term we have very loose money, that benefits a lot of industries which is driving profit growth (AKA a bubble most likely).Jericho941 wrote: ↑Mon Apr 11, 2022 5:17 amI know you don't know what inflation means, then.scipioafricanus wrote: ↑Fri Mar 18, 2022 10:16 amI don't think you know what inflation means, then.Jericho941 wrote: ↑Fri Mar 18, 2022 4:29 am I'll believe in inflation when corporations stop posting record profits.
Medium to long term, either the Fed will have to choke out the inflation with tighter money or inflation will keep spiraling- either of which will knock down profits a lot, although in different ways.
Looking at inflation and profits over time, you will see periods of high profits with high inflation, they just tank after a bit.
So the short answer is that it is not surprising and not sustainable.
You do not have the required permissions to view the files attached to this post.
- D5CAV
- Posts: 2428
- Joined: Tue Aug 19, 2008 2:48 am
Re: Worst inflation in 40 years
I tend to lean more toward the "inflation" camp, however, there are some smart guys who say "deflation": https://www.youtube.com/watch?v=ZtRf7m5UPrg
Another view, FWIW
Another view, FWIW
“None are more hopelessly enslaved than those who falsely believe they are free.” Johann Wolfgang von Goethe