Community Chat

[bikerbabe]

Some of the biggest corporations that control much of the economy are making record profits.

Just sayin’.

[PickyPicky3]

Funny memory:

I taught English in Brazil in the late 60s. In the years prior, severe inflation caused a complete change of currency. So there were three kinds of bills: the old money, old money stamped with an upgrade to the new money, and the new money, which was a different size and color.

Suddenly you needed a wallet with three sections to store the three kinds of bills separately.

Inflation was painful to the Brazilian populace but certainly a boon to the wallet manufacturers. 

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[skatting44]

  Only can expect prices to go up . The shipping of items  to avoid  what's going on  in the Red Sea does not help along with price of oil .

[THEY CallMe Mr Wilkes]

Hyperinflation in Weimar pre-World War II Germany.

Going to the grocery store.  Some places resorted to weighing paper currency rather than count it.

[Lakelife62]

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@Sooner wrote:

@THEY CallMe Mr Wilkes It isn't really the norm, but it is much more prounounced and frequent depending on the economic policies in play and sometimes situations such as when the US falls behind on fuel production and foriegn suppliers play with availability and pricing.

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Domestic fuel production is the highest it has ever been in history. 

Gas here is under $3.00.

Inflation is down from 7% post Covid to 3/1%. Needs to be lower for sure, but economic indicators are pretty good.

Plus the Dow is at 39,000.

I'll take it! 

[Sooner]

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@THEY CallMe Mr Wilkes wrote:

Since 1914 there have been only 14 years when an annual CPI decline occurred. 

So I say yes, a positive inflation rate is indeed the historical norm.

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@THEY CallMe Mr Wilkes Well, in recent history, post WWII times, I'd look back to the 1980's and the oil embargo times for a better perspective on modern policy and world issues.  You can sort of look at where inflationary times are concentrated for a better picture. 

[CelticCrafter]

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@SilleeMee wrote:

Sometimes I think I should buy my things today b/c if I wait then the prices will be higher tomorrow, no doubt.

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@SilleeMee we do for non-perishables when they go on sale.

[THEY CallMe Mr Wilkes]

Since 1946 there are only 4 years of annualized CPI declines.

So I would most assuredly say yes, inflation and price increases are absolutely the norm post World War II.

[Still Raining]

Idle hands here.  Waiting to hear how much it costs to replace the senor inside the tire.  Enter your bids!

There is a live map thingy where you can see ships, named, transiting the canal and lakes.  They also publish a schedule.  Wait times too.  Red going south and blue going north 🤣

[threecees]

I miss the good ole days when the Dollar Store was only a dollar!