Calculations for the CPI used to be based on a core group of items such as food, energy, services etc. These items were the same year after year so it was a good measure of how the costs changed over time for the same basket of goods.
New CPI uses substitutions, among other things, and assumes that say, if the price of beef is getting to high, people will switch to chicken and pork. They also change around the relative weight of each good again as an attempt to predict consumer response to price changes.
As a result the new variable method of calculating the CPI will, almost always, return a lower % result than the older fixed method. It is of course a total coincidence that this makes the government look better, they are just doing it in an attempt to be more 'accurate.'
If you're interested Investopedia has a good article on the subject.
Most of my cousins (I have a large extended family) voted for Biden and rubbed it in my face when he won. Now I see them on FB complaining about gas prices and how much things cost. I just stay quiet.
On God, I do that for any social media I consoom. I just call someone a subhuman fucking retard for their opinion, leave notifications for everything off, and go about my day.
In my opinion "give as much as you take applies". If you talk shit about a candidate you hate losing, you will receive shit when the candidate you voted for destroys the economy.
Did they gloat about Biden winning? They deserve to be told to take responsibility for rising inflation.
Naw, you just have to do what I did to my mom. Any time she complained about the economy or whatever I just say, “that’s what you voted for”. Those 5 words will instantly stop any political complaint she has. Then again that requires the subject to not be completely delusional.
There are dumb people who made this choice, sure, but I think this transcends stupidity for too many. At this point whether they will admit not or not this is what they want. Their party hates this country and pounds that message on every front. Their radicals are cultish. We deserve to suffer for our sins. Perhaps they just arent used to suffering personally, and got too comfortable inflicting it on others.
I’m sure they will have their MSNBC talking points. I love my cousins but they think the summer of love was about civil rights. So I gotta wonder about their mindset.
That's been my experience with most, they either run to how much better it is than an awful racist in office or directly to MSNBC points. Luckily for me it's not a ton of my family, but one is my brother. I stay out of politics with the cousins I'm close to for the most part, but I can tell what side they are on by what they do. I don't think the cousin who's homeschooled kid who told me Pride month was stupid is rushing out to support Democrats for example.
Too many people are just smart enough to get a credential that looks shiny but they are not smart enough to think about the bigger picture in terms of consequences of policies.
I told a ton of people that there would be severe side effects from all those "stimulus" bills. Every single one of them that was getting some immediate financial benefit from it were all for it no matter what politics they had. It didn't matter if the Covid panic had absolutely zero impact on their income or finances.
People really do sell themselves for cheap with no view for the future.
Friendly reminder that you might want to be prepared for a Democrat victory this November - because at this stage, they are letting you know they are in control.
All three currencies are converging toward the same approximate value. It almost makes you wonder they won't use a future global crisis to try and lock entirety of the first world into a single currency.
It's actually higher and will go higher, as intended. Two main reasons; the money printer of the past two years and gas prices, which touch everything, and this admins suffocating energy policy pushing the price up.
I'm going to exploit the market drop to load up on commodity futures. then cross my fingers that we don't do another full lockdown and I get to take profits this year.
Energy prices have been skyrocketing since last fall. The Ukraine conflict doesn't help but it's primarily because of all the green energy bullshit.
Electricty for consumers is up 40-50%. For businesses it's more like 70% AFAIK. Car gas is up 30-40% (and that's with a temporary tax break). Natural gas I'm not sure because it's so volatile. Current market rate is up 95% compared to a year ago but it was up to 200% higher a month ago but they're not yet passing all of that on because they have to honor existing contracts.
I thanked all the Biden voters I know in the only way I knew how: clean out the dust from the USB connectors and glue down those labels that started lifting from the flash drive housing.
Biden is definitely a turd but to act like none of the outrageous spending occurred under Trump is disingenuous. He signed many of the bs spending bills under covid.
Yep Trump was a big spender populist. At this point the government is just gonna spend into the ground. At least Trump tried keep taxes and regulations a bit less obtrusive.
And that’s just the best they could do after torturing the numbers. True inflation is probably over 20%.
17% by the old method.
What's the old method?
Calculations for the CPI used to be based on a core group of items such as food, energy, services etc. These items were the same year after year so it was a good measure of how the costs changed over time for the same basket of goods.
New CPI uses substitutions, among other things, and assumes that say, if the price of beef is getting to high, people will switch to chicken and pork. They also change around the relative weight of each good again as an attempt to predict consumer response to price changes.
As a result the new variable method of calculating the CPI will, almost always, return a lower % result than the older fixed method. It is of course a total coincidence that this makes the government look better, they are just doing it in an attempt to be more 'accurate.'
If you're interested Investopedia has a good article on the subject.
My grocery bills certainly reflect that.
You can't dig people up just for that.
My mistake
I should clarified and said thank only the living voters
Most of my cousins (I have a large extended family) voted for Biden and rubbed it in my face when he won. Now I see them on FB complaining about gas prices and how much things cost. I just stay quiet.
Call them out on their shit. Especially if you link to their posts about being proud to be a retard... Er... Biden voter.
Not calling them out is why the right is a bunch of pansy asses.
You aren’t wrong. I got into some nasty arguments with them over Jan 6 and just didn’t feel like trying to debate it anymore
Just call them out and let them seethe. Learn to shit post.
On God, I do that for any social media I consoom. I just call someone a subhuman fucking retard for their opinion, leave notifications for everything off, and go about my day.
It truly is a good vent for myself.
Link them a bunch of vids about biden wanting to destroy our energy sector
In my opinion "give as much as you take applies". If you talk shit about a candidate you hate losing, you will receive shit when the candidate you voted for destroys the economy.
Did they gloat about Biden winning? They deserve to be told to take responsibility for rising inflation.
Naw, you just have to do what I did to my mom. Any time she complained about the economy or whatever I just say, “that’s what you voted for”. Those 5 words will instantly stop any political complaint she has. Then again that requires the subject to not be completely delusional.
Of course not. NPCs aren't capable of thought at all, much less long term planning or critical thinking.
There are dumb people who made this choice, sure, but I think this transcends stupidity for too many. At this point whether they will admit not or not this is what they want. Their party hates this country and pounds that message on every front. Their radicals are cultish. We deserve to suffer for our sins. Perhaps they just arent used to suffering personally, and got too comfortable inflicting it on others.
I’m sure they will have their MSNBC talking points. I love my cousins but they think the summer of love was about civil rights. So I gotta wonder about their mindset.
Damn they are MSNBC watchers?
Sorry to say that then they are not capable of any independent thought.
MSNBC watchers are the most deluded group of people in America.
That's been my experience with most, they either run to how much better it is than an awful racist in office or directly to MSNBC points. Luckily for me it's not a ton of my family, but one is my brother. I stay out of politics with the cousins I'm close to for the most part, but I can tell what side they are on by what they do. I don't think the cousin who's homeschooled kid who told me Pride month was stupid is rushing out to support Democrats for example.
Because it's Trump's fault after all.
Somehow.
The age of the midwit.
Too many people are just smart enough to get a credential that looks shiny but they are not smart enough to think about the bigger picture in terms of consequences of policies.
Look at what your average MD, law degree or PhD results in these days.
I told a ton of people that there would be severe side effects from all those "stimulus" bills. Every single one of them that was getting some immediate financial benefit from it were all for it no matter what politics they had. It didn't matter if the Covid panic had absolutely zero impact on their income or finances. People really do sell themselves for cheap with no view for the future.
The average human has the foresight of a bacteria.
Bell goes DONG, economy goes CRASH.
Also this inflation number annualized would be around 17 percent.
Friendly reminder that you might want to be prepared for a Democrat victory this November - because at this stage, they are letting you know they are in control.
USD is now at parity with the Euro, kek.
At this rate, I wouldn't be shocked if USD eventually reaches parity with the Pound.
All three currencies are converging toward the same approximate value. It almost makes you wonder they won't use a future global crisis to try and lock entirety of the first world into a single currency.
CBDC is the inevitable "solution" to the problems the government is creating.
id number 1812452523 you didn't celebrate your daughter's transition loudly enough so your transaction has been declined
Why is that 'kek'? It used to be worth less than a euro.
The big three currencies of the west are all printing like mad and converging toward trilateral parity. Interesting, isn't it?
I'm just not sure how that explains the euro depreciating vs. the dollar.
It's actually higher and will go higher, as intended. Two main reasons; the money printer of the past two years and gas prices, which touch everything, and this admins suffocating energy policy pushing the price up.
I'm going to exploit the market drop to load up on commodity futures. then cross my fingers that we don't do another full lockdown and I get to take profits this year.
At least here in Germany I doubt we'll get another lockdown. The economy is already crashing and they cannot afford further lockdowns.
Retail associations already said they won't go along with the same measures as last year because they can simply no longer afford to do so.
Energy prices have been skyrocketing since last fall. The Ukraine conflict doesn't help but it's primarily because of all the green energy bullshit.
Electricty for consumers is up 40-50%. For businesses it's more like 70% AFAIK. Car gas is up 30-40% (and that's with a temporary tax break). Natural gas I'm not sure because it's so volatile. Current market rate is up 95% compared to a year ago but it was up to 200% higher a month ago but they're not yet passing all of that on because they have to honor existing contracts.
I thanked all the Biden voters I know in the only way I knew how: clean out the dust from the USB connectors and glue down those labels that started lifting from the flash drive housing.
This man fortifies.
Biden is definitely a turd but to act like none of the outrageous spending occurred under Trump is disingenuous. He signed many of the bs spending bills under covid.
Yep Trump was a big spender populist. At this point the government is just gonna spend into the ground. At least Trump tried keep taxes and regulations a bit less obtrusive.
This will be counterproductive. It will only make them defensive.
Do you really want me to go to all the cemeteries and leave thank you notes?
"Thank you" in binary is "01110100 01101000 01100001 01101110 01101011 00100000 01111001 01101111 01110101"