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8% inflation my a$$
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DRR Pro
Picture of Goob
posted
4th, or maybe the 5th PRICE INCREASE SINCE December 2021 on Bridgestone Commercial tires came in today. ANOTHER 10% plus hit on almost every item number.

So far we've seen 25% to 35% increases across the board.

Insane!

This message has been edited. Last edited by: Goob,


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Posts: 1174 | Location: Indy | Registered: November 21, 2008Reply With QuoteReport This Post
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Picture of Roger McGinnis
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And to add to it, I've lost about 25% in the market this year.



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Posts: 545 | Location: Republic of Texas | Registered: January 16, 2011Reply With QuoteReport This Post
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Picture of Eman
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No price controls they charge what the market will bear. The precentages many items have gone up are far from being inline with any inflation numbers. If the product keeps selling they sure aren't going to lower the price. Supply and demand, stop buying and the demand drops price goes down.
Oil dropped to a lower price than it's been in years, gas dropped a little.
 
Posts: 1296 | Location: E TN | Registered: February 13, 2009Reply With QuoteReport This Post
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Picture of Mike Rietow
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quote:
Originally posted by Roger McGinnis:
And to add to it, I've lost about 25% in the market this year.


43 $trillion has evaporated into thin air since the self appointed, self anointed one Obiden, has taken the wheelhouse for his third term, Barry Obiden.


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Posts: 8834 | Location: Madeira Beach Fl. | Registered: June 12, 2018Reply With QuoteReport This Post
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Picture of wideopen231
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This is why students are math stupid nowadays. How do you have gas up 75% to 200%, everything in the grocery store is 33 to 50%,bulding materials is 100% in some cases.Yea 8% takes some screwed-up math to get there


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Posts: 3354 | Location: Greensboro NC | Registered: May 24, 2011Reply With QuoteReport This Post
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Gas was $1.49 a gallon here day after "Election" and is now well over $3.00 a gallon and has been over $5.00 here since "Election"

Eggs were $1.19 a dozen now they are $3.49. Some of the frozen dinners I buy for snacks were $1.99 now are $5.79. Bacon is about Double now as is most everything else.

So it is way worse than the claimed 8%.

But it gets worse than that, the stock market is crashing and we are losing TRILLIONS on our retirement plans.

Biden has brought in 4 million Illegal Aliens and that is flooding job market with low paid workers making it tougher for many hard working Americans.

In just the last year they have caught enough Fentanol to kill everyone in America, Canada and most of Mexico. 300 Americans a day are dying from Fentanol most do not even know they were taking it.

The Biden administration is spending money we do not have and will never be able to pay. This makes what little money you have worth even less as they print more money.


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Posts: 3152 | Location: United States of Texas | Registered: April 02, 2011Reply With QuoteReport This Post
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I work for a medical device company, we just had a 17% price increase across the board on all our parts
 
Posts: 1983 | Location: On the the dark side now | Registered: April 30, 2010Reply With QuoteReport This Post



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On Monday the average price of gas in California was $6.398 . It has increased every day for the past month, with no end in sight.

To qualify to buy a home in San Diego according to the California Real Estate Commission your combined income would have to exceed $187,000 a year. The Prime Rate is now 6.30% so at only 1 point over prime the best rate you can get is 7.30%. Go factor that on an average $900,000 home, don't forget to add in the home owners insurance and California yearly tax on that home. Many new home loans are for 50 or 60 years since very few can qualify for a 30 year mortgage.

If you are solely dependent on a Social Security, or a pension check your days of living in California are numbered. Many folks are moving out of the United States to Mexico, Central America or South America.

While Biden, his family and political friends are raking in billions everyone else is going broke.

Bob
 
Posts: 2794 | Location: Lakeside, Ca | Registered: February 15, 2003Reply With QuoteReport This Post
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The Biden Administration is bragging gas prices are down about $1.00 per gallon. Still almost three times what it was under Trump.

How has Biden lowered Gas Prices? He has drained our reserve down and notice he has done it before the Mid-Term Elections? If the average price in your area was $6.00 a gallon and using up most of the Reserve has lowered price down to $5 then what do you think it is going to do to price when he refills that Reserve? That is right gas will go back up at least $1 a gallon over the $6 that it was before they used it up. Tax of Voting Stupid.

The day after the "Election" gas was $1.49 a gallon here in Dallas/ Fort Worth, Texas. Now was over $5 and still a little over $3 a gallon.

Home Loan Interest Rates have gone way up to slow Inflation. Think about that. THEY RAISED THE INTEREST RATE TO SLOW INFLATION. Makes no sense, if you want to get Economy rolling again and people buying stuff you lower price.

If I remember right they said average home loan now costs you $900 a month more for same home loan. Over a 30 year note or even 15 year note that is throwing away a lot of money. Tax of Voting Stupid.

Also for some reason homes, Cars, Trucks, Trailers and every thing else is selling for way more than they are actually worth.

That will hurt us especially when bottom falls out and I think it will.

Our Federal Deficit is way more than our Gross National Product. Meaning we have more on our Credit card than we make a year. You can not survive like that the Bottom has to fall out and it will.

Biden thinks that SPENDING MONEY will resolve our Inflation problem. No, it only makes it worse. When you do not have the money to pay your credit cards and bills the last thing you need to do is go out on a stupid spending spree. Even if you call it something cute like "Inflation Reduction Act" is is still spending / wasting money we do not have and some day we will have to pay the piper.

At some point our deficit will get so big it crushes and destroys our economy and puts us in a DEPRESSION. Not a Recession but DEPRESSION.

I think we are dangerously close to that cliff and have one foot over the edge. I also think the Democrats are doing it on purpose so they can force Socialism on us and come in and "Save" us from problem they created.

Nobody really wants to talk about the Deficit but Trumps plan was to get everyone possible working (Paying Taxes) and start lowering that Deficit. That plan was working and really moving us in right direction. Our 401K's and Stock Market, Jobs and everything was moving good. Then Covid came along and we were forced to stop and attack that problem and spend trillions to do so. And we were not told all of the facts about Covid from the very beginning. Still we had to fight it to save people especially older Americans. That added to Deficit but we had to do it.

I hate to tell you this but with us having to build back up the Federal Gas Reserves and high Federal Interest Rates Inflation is going to go up even more.

Biden has barely got the head in.


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Posts: 3152 | Location: United States of Texas | Registered: April 02, 2011Reply With QuoteReport This Post
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Under Biden's "Economic Recovery Plan" the wealthy will become richer and the middle class will disappear , there will only be the very wealthy and the very poor. The wealthy will rule the Country. If you think you are immune you are very, very wrong!

Like sand falling through an hour glass when you fall to the bottom under this Administration you never get back to the top.

Bob

This message has been edited. Last edited by: RPROGAS,
 
Posts: 2794 | Location: Lakeside, Ca | Registered: February 15, 2003Reply With QuoteReport This Post
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quote:
Originally posted by RPROGAS:
Under Biden's "Economic Recovery Plan" the wealthy will become richer and the middle class will disappear , there will only be the very wealthy and the very poor. The wealthy will rule the Country. If you think you are immune you are very, very wrong!

Like sand falling through an hour glass when you fall to the bottom you under this Administration never get back to the top.

Bob


Clever in leading the sheep to slaughter, ain't they?


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Posts: 8834 | Location: Madeira Beach Fl. | Registered: June 12, 2018Reply With QuoteReport This Post
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The ship is sinking.
If people would go vote in 35 days,maybe the leak could at least be partially fixed?
If not,it's going DOWN.
 
Posts: 1095 | Location: Elgin,IL | Registered: February 08, 2010Reply With QuoteReport This Post
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Picture of wideopen231
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Front of boat tipping up right now.

This **** has to come to stop and I feel only one way. It will require lots of blood from Americans on American soil. Sorry just the only way I see it happening. Hopefully wrong. it has to happen sometime and this would be best.


Your first mistake was thinking your opinion made a d a m n

America home of free. Brought to you by 2nd amendment.
 
Posts: 3354 | Location: Greensboro NC | Registered: May 24, 2011Reply With QuoteReport This Post
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Picture of Goob
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quote:
Originally posted by 442OLDS:
The ship is sinking.
If people would go vote in 35 days,maybe the leak could at least be partially fixed?
If not,it's going DOWN.


We already tried the voting thing, they cheated. Now what?


"Despite the high cost of living, it remains popular."
Dave Cook
N375
 
Posts: 1174 | Location: Indy | Registered: November 21, 2008Reply With QuoteReport This Post



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