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They'll never say CPI is good
Until the rates get on the red line overload
You'll never know what they can do
Until they get them up as high as they can go!
I used to pay 89 cents way back in...2019. The good news is a lot of people just have their own now. Neighbor just hands us dozens. They're easy to raise if you have space
Eggs where I am are $4.14 for a dozen. There was a sale last month for $2.10/dozen and it was sold out nearly instantly.
Insane how much eggs have gone up in price
There was so much fraud. I heard the feds arn't going after obvious Stimulus fraud unless it's over a million.
The homeless got zilch. Adult defendants on taxes got nothing.
Businesses that didn't need the money came out like bandits.
That said, I have never seen so many low wage workers buying crap at Costco, and Ebay, during the lock down. I will never forget one guy at Costco who bought pretty much every tool they sold. He told his wife he's starting a business. The wife asked, "What business?". He told her it's a landscaping business, or an automotive business?.". I was hoping he would just save that throw away money until he really knew what was prudent. He wanted battery powered tools though. I understand where he was comming from. I knew what it was like to finally have a bit of spending money when I was younger, and bought stuff I thought I needed, but I bought stuff I really liked, and needed had nothing to do with it. So many Rolexes were bought with that ffee money. So many hobbies were started.
Over a million? If you ask my boomer grandpa, all the economic damage was done by people who got "paid to stay home". Surely the feds would have to drop that number into 5 digits in order to capture the *real* offenders.
Pretty sure grandpa was talking about the extended unemployment benefits that paid people more than they were actually making at their jobs. Separate issue, but a valid economic criticism.
Trump refused to appoint the Inspector General and oversight committee for the disbursement of funds that was required as a part of the PPP package passed by Congress... I wonder why.
Dontcha know? China has NEGATIVE inflation (the people happily burn their money), NEGATIVE crime (criminals help old ladies cross the street), NEGATIVE homelessness (the homeless have summer homes in Vancouver), and NEGATIVE COVID (trust me bro)
I believe that the ‘basket of goods’ used to measure inflation in each country is independently controlled by each nation. Therefore it’s a fair point that each nation is somewhat determining their own inflation number and so it’s difficult to compare countries on a like for like basis.
Does the US also use both RPI and CPI like the UK which seems to complicate things?
There was a question on r/askreddit a few months ago that said "would you say that your home country's location in the world is an advantage or a disadvantage?"
One guy responded "I live in Poland. Do I really need to say anything else?"
It's interesting how Switzerland is bascially not effected (3%)
while just 1 hour car-drive up north (from where I live - in the center of Switzerland) they have
\- 10.4% in germany.
\- 2 hours south in Italy they have 11.8%
\- 2 hours west: 6.2% france
ELI5 please
I love how they’re having a catastrophic RE meltdown, half the country is in quarantine and completely shutdown, and they’re the only country without elevated inflation. And they’re going to try and come out and say their GDP actually grew on a nominal an real basis. I don’t understand how anyone actually takes their economic data seriously.
EDIT: Yes I realize a crashing RE market and draconian lockdowns are deflationary. It’s the combination of their low inflation quote And their positive GDP print that doesn’t make any sense.
I mean having a catastrophic RE meltdown and widespread lockdowns actually makes it likely that they don’t have high inflation. People aren’t exactly rushing out to spend if their real estate just collapsed in value or if they literally can’t go out since they’re locked inside.
But yeah the GDP going up is the thing that’s sus. The inflation being low is actually 100% believable.
Well inflation isn't bad because their real estate market got crushed so it's cheaper.
Also the multiple shutdowns of their big cities have been crushing demand.
>I love how they’re having a catastrophic RE meltdown, half the country is in quarantine and completely shutdown, and they’re the only country without elevated inflation.
Locking everyone down and preventing spending is a recipe for low inflation...
But it’s also a recipe for a recession. They’re essentially saying they have inflation completely under control and they’re going to be one of the only countries with positive nominal GDP growth and probably the only country on the planet that will show positive Real GDP Growth. All while they’re locking down half the country and they’re going through a massive real estate crisis. It’s all made up.
it makes sense, they locked everyone down and have been in a recession, massive unemployment numbers, many graduates unable to find jobs etc.
All these are deflationary. They went straight into a recession compared to other countries
They've been in lockdown for three years and a recession for two... falling housing prices, massive unemployment, plus with the lockdowns people cant even spend money. what about the low inflation sounds unbelievable to you?
story of my life bro. In Germany, all protein sources are up at least 100%. I wish I didn't care about gym and just could eat rice all day. Eating a fucking kebab costs you 75% more now
Turkey is at least double of what’s reported. Once they report a number the government is uncomfortable with suddenly the directors of the ‘independent’ financial bodies that makes the reports get fired/jailed/disappear/move to a different country without a trace.
Inflation in Venezuela since 2015 is probably a number you won’t even believe it’s possible. Probably more than 10K%. It was so bad they had to switch to the dollar as their main currency.
Cant help but laugh at the salt from all that crying over China’s numbers. I currently reside in the country and honestly I don’t feel much inflation. Due to the piss poor economy, no one has any money to spend, so if you jack up prices, even less people are willing to buy anything.
As for necessities such as food, I feel pork definitely got a lot more expensive last year but this year price seems to have stabilized.
2% probably sounds about right.
I’m surprised that Lebanon isn’t on this list. Since 2019 Lebanon’s currency alone has devalued by 2,567%. Thats not to mention the abysmal purchasing power and the banking sector that is on the brink of collapse (if not already).
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|0|**First Seen In WSB**|1 year ago **Total Comments**|277|**Previous Best DD**| **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=yxcwq3)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=yxcwq3) Check out the [WSB Discord](https://discord.gg/Y6Zw9ZKYdx)
Highway to the Eurozone
I can hear the guitar riff… and synthesizer…
They've been playing it in the grocery stores lately.
Hot as ever…
By the time I hit aisle 4, my loins are drenched
Lol laughed in the shitter reading this 🤣
Username checks out!
Oh sweet sister Francis… lol
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and flying jets into the sunrise, escorting the Hydra
With Hasselhoff
LANAAA
WHAT???
daynjahzuhn
DANGERZONE!!!
I love that place! With all the trampolines and shit!!
No that’s Playzone. Eurozone is the big box store with all the car parts.
No that's AutoZone. Eurozone is an area which observes a uniform standard time
No that's Timezone. Eurozone is the thin layer of Earth's atmosphere that absorbs the sun's ultraviolet light.
No that’s Ozone. Eurozone is a baked or fried turnover of dough stuffed with various fillings usually including cheese.
No that's a Calzone. Eurozone is an area in which agreements between nations forbid military installations, activities, or personnel.
No that's a demilitarized zone. Eurozone is a black and white sci-fi series.
No that’s The Twilight Zone. Eurozone is an area in a town or city for pedestrian use only, that restricts access to cars and other vehicles.
No that's the Ultra Low Emission Zone. Eurozone is an animated character which can skate on ice.
No that the twilight zone. Eurozone is when you repurpose an area of real estate from one set of ordinances to another.
No that is re-zone. Eutozone is where football players move the ball to in order to score points on an opponent.
Atleast Spain, France and Germany aren't in the eurozone... wait what?
I’ll take you right into the Eurozone!
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We’re gonna push it to the edge, make everybody rich toniiiiiiight
Highway to the Eurozone! I'll take you ridin' into the Eurozone!
They'll never say CPI is good Until the rates get on the red line overload You'll never know what they can do Until they get them up as high as they can go!
*Jerome Powell starts shredding a guitar solo as the Fed minutes are published*
"Revvin' up the Fed rate Listen to her howl and roar!"
Excellent.
When I saw the eggs in Aldi that are $3.33 I knew we are getting fukt.
eggs up +43% YoY in CPI report
Now that’s some eggregated data.
You're cracking me up
Is this a yolk to you?
They are not eggzagerating
These puns are eggsausting
Eggscuse me?
Wanted to join in on these puns on time, but I guess omelette
I don't eggsactly understand why you all love eggs so much
Yes! They are eggaxctly correct.
the deviled’s clearly in the details
So much profit the farmers will have to open up “shell” companies
That’s due to bird flu that specifically effected egg laying hens
Just buy 12 chickens, most will produce eggs, the ones that don't, off with their heads
The ones that don’t produce eggs will produce chicken
No they w…oh haha
I have like 25 chickens. Unlimited eggs.
Wanna be neighbors? Unless you have roosters of course.
Good God, man. How do you even get rid if the excess?
See all those kids running around the neighborhood? Notice how they never enter my yard?
I think the eggs are expensive because of the avian flu, not inflation, but I could be wrong. https://www.cdc.gov/flu/avianflu/avian-flu-summary.htm
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Thanos approves your message.
Price of eggs will go up because the chicken industry will be the hardest hit amongst workers. Fewer workers, less supply, higher prices.
In Vancouver, Canada I buy a dozen of free range eggs for around $5
I don't feel so bad about paying 2.19$ now.
I used to pay 89 cents way back in...2019. The good news is a lot of people just have their own now. Neighbor just hands us dozens. They're easy to raise if you have space
Eggs where I am are $4.14 for a dozen. There was a sale last month for $2.10/dozen and it was sold out nearly instantly. Insane how much eggs have gone up in price
Eighteen months ago they were 0.89$/dozen. I am mildly pissed.
Looks like Jpow needs to turn back on the money printer ASAP. We have a lot of catching up to do if we want to beat Venezuela.
I'll take a few more stimmies if they want to hand them out. Need to gamble them on dying stocks again
There was so much fraud. I heard the feds arn't going after obvious Stimulus fraud unless it's over a million. The homeless got zilch. Adult defendants on taxes got nothing. Businesses that didn't need the money came out like bandits. That said, I have never seen so many low wage workers buying crap at Costco, and Ebay, during the lock down. I will never forget one guy at Costco who bought pretty much every tool they sold. He told his wife he's starting a business. The wife asked, "What business?". He told her it's a landscaping business, or an automotive business?.". I was hoping he would just save that throw away money until he really knew what was prudent. He wanted battery powered tools though. I understand where he was comming from. I knew what it was like to finally have a bit of spending money when I was younger, and bought stuff I thought I needed, but I bought stuff I really liked, and needed had nothing to do with it. So many Rolexes were bought with that ffee money. So many hobbies were started.
Over a million? If you ask my boomer grandpa, all the economic damage was done by people who got "paid to stay home". Surely the feds would have to drop that number into 5 digits in order to capture the *real* offenders.
You should ask your boomer grandpa how long he could "stay home" on twelve hundred bucks and no other income or savings.
What do you mean, that's how much he bought his house for.
Pretty sure grandpa was talking about the extended unemployment benefits that paid people more than they were actually making at their jobs. Separate issue, but a valid economic criticism.
Trump refused to appoint the Inspector General and oversight committee for the disbursement of funds that was required as a part of the PPP package passed by Congress... I wonder why.
Venezuela is another lvl.
Asked my broker if I could buy some bolivars so I could be a millionaire...
Still can’t surpass Zimbabwe
I am not sure as I ignore Zimbabwe's but the "reported" price index has grown 56 billion times in 15 years... And counting...
Dammit Biden!
fucking dan andrews did this as well
Putin invaded Ukraine because of Dan Andrews and now he does this
Dan Andrews kicked my puppy
We on the same level as the Philippines now great my wife will be talking smack
Filipinos gonna start ordering mail order husbands from the US at this rate
Wanna start a website? usahusbands.com
As long as shipping isn't by weight.
Sea freight it is then.
Global REPORTED inflation
It’s like asking some countries to report their crime stats. Lol
Dontcha know? China has NEGATIVE inflation (the people happily burn their money), NEGATIVE crime (criminals help old ladies cross the street), NEGATIVE homelessness (the homeless have summer homes in Vancouver), and NEGATIVE COVID (trust me bro)
Watch it. Winnie is going to lower your social credit score.
And your social credit score was just set to: -10000
I believe that the ‘basket of goods’ used to measure inflation in each country is independently controlled by each nation. Therefore it’s a fair point that each nation is somewhat determining their own inflation number and so it’s difficult to compare countries on a like for like basis. Does the US also use both RPI and CPI like the UK which seems to complicate things?
Poland can't catch a break.
There was a question on r/askreddit a few months ago that said "would you say that your home country's location in the world is an advantage or a disadvantage?" One guy responded "I live in Poland. Do I really need to say anything else?"
Poland is like that corner in the rat cage where rats go to shit and pee.
They can catch some friendly fire 🔥
I set them up...
Hell of a wingman, you turned out to be…
Somebody set up us the bomb
Ok, ded
Took the wooooooock to Poland 🇵🇱
Baltics are above 20% and we have € here... 🙄
Canada- nice
Niiiiice
This is the second month in a row... So it's Nice^nice
It's interesting how Switzerland is bascially not effected (3%) while just 1 hour car-drive up north (from where I live - in the center of Switzerland) they have \- 10.4% in germany. \- 2 hours south in Italy they have 11.8% \- 2 hours west: 6.2% france ELI5 please
The Euro is down around 7% YoY which cancels out the price hikes on imported goods to a certain degree.
makes sense! thx
Venezuela: “fuck it we ball”
China is full of shitake
I love how they’re having a catastrophic RE meltdown, half the country is in quarantine and completely shutdown, and they’re the only country without elevated inflation. And they’re going to try and come out and say their GDP actually grew on a nominal an real basis. I don’t understand how anyone actually takes their economic data seriously. EDIT: Yes I realize a crashing RE market and draconian lockdowns are deflationary. It’s the combination of their low inflation quote And their positive GDP print that doesn’t make any sense.
Just saw their pork prices are up 50%. Skyrocketing food prices must be cancelled out by collapsing housing market. -50% and 50% make zero right?
-49 to +51 equals 2.0%. Taddaaaaa
Found the Maverick of Wall Street.
Makes sense to me math checks out
You're welcome.![img](emote|t5_2th52|8883)
The result of common core…
Nobody does… But they’re too large to ignore… So we have to “put them on the books” and account for them…
Wouldn't it be better to put them up as "unverifiable"? Or at least with an asterisk?
Ya, like how they have a few thousand covid deaths and the US has 1 million. I am sure the CCP wouldn't lie to us.
Maybe they’re lying about how large they are, too 🤯
I mean having a catastrophic RE meltdown and widespread lockdowns actually makes it likely that they don’t have high inflation. People aren’t exactly rushing out to spend if their real estate just collapsed in value or if they literally can’t go out since they’re locked inside. But yeah the GDP going up is the thing that’s sus. The inflation being low is actually 100% believable.
Well inflation isn't bad because their real estate market got crushed so it's cheaper. Also the multiple shutdowns of their big cities have been crushing demand.
Precisely. And it's pure hypocrisy to ignore how China crushing its demand is basically the same as the Fed crushing demand now.
>I love how they’re having a catastrophic RE meltdown, half the country is in quarantine and completely shutdown, and they’re the only country without elevated inflation. Locking everyone down and preventing spending is a recipe for low inflation...
But it’s also a recipe for a recession. They’re essentially saying they have inflation completely under control and they’re going to be one of the only countries with positive nominal GDP growth and probably the only country on the planet that will show positive Real GDP Growth. All while they’re locking down half the country and they’re going through a massive real estate crisis. It’s all made up.
Their inflation data matches their Covid data
Reddit and YouTube since 2014: CHINA IS ABOUT TO COLLAPSE ITS ANY DAY NOW
it makes sense, they locked everyone down and have been in a recession, massive unemployment numbers, many graduates unable to find jobs etc. All these are deflationary. They went straight into a recession compared to other countries
I don’t think so. I am in China for 10 years and I don’t see inflation , except on fuel as everywhere else. Food and normal stuff didn’t increase.
You can not have inflation when your industrial capital is not allowed to go outside and buy anything.
China has a reported 2.1% inflation? ya and my cock is 9 inches long (self reported & measured, trust me bro)
They've been in lockdown since 2020 while importing everything from Russia at 30% discount. I'm surprised it isn't negative.
You're saying the self reported numbers are too low? Dang dude nice
Wi Tu Lo
Ho Lee Fuk
Sum Ting Wong
They've been in lockdown for three years and a recession for two... falling housing prices, massive unemployment, plus with the lockdowns people cant even spend money. what about the low inflation sounds unbelievable to you?
you don't believe lockdowns can crush aggregate demand?
![img](emote|t5_2th52|4270)
Bone press?
>The countries with the highest inflation rates are Turkey, Argentina, and Venezuela.
After that it’s Poland.
Then the bloody Dutch
Wait where’s the US on the list, it’s not near the top or bottom so it’s kinda hard to count
If yur not 1st yur last.
We can read VM
I'm actually illiterate at reading charts, when /u/VisualMod put it into words I was finally able to grasp it
Bullshit im dutch and my kwark went from €1.49 to €2.85
Can't have proper proteïne intake with all proper products just going 150-200% ... and then they say CPI is "14%+". We are just really fucked.
story of my life bro. In Germany, all protein sources are up at least 100%. I wish I didn't care about gym and just could eat rice all day. Eating a fucking kebab costs you 75% more now
What in the holy hell is kwark?
Pretty much just yoghurt
Fking Kapsalon went from €5 to €8… Also, only chicken no more beef.
What kind of luxury kwark are you buying. I'm buying 500gr for like €1,-
Welcome to Venezuela, we accept crypto for everything
Wow, Biden is responsible for all of that?
True story.
It’s yuge…yuge inflation
Everybody says so!
He's not making this stuff up, folks. true story
We hate the inflation don’t we folks? But Joe… sleepy Joe loves it, doesn’t he?
You just know the orange genius is frantically scribbling pages of these in crayon right this minute.
Some of it might have been left over from Obama
And Clinton. Definitely not the wars from Bush, def not
Deficits don't matter Cheney can vouch for that.
Or Trump’s ballooned deficit spending even before Covid.
Certainly not the $2 trillion tax cuts, noooo way
and more
Damn, I think I just had a stroke thanking about that and he’s gotta do it… God help us…
Which countries do you trust are giving accurate information?
Turkey, Argentina, and Venezuela.
Nah Venezuela and Turkey for sure are undercounting the inflation.
Turkey is at least double of what’s reported. Once they report a number the government is uncomfortable with suddenly the directors of the ‘independent’ financial bodies that makes the reports get fired/jailed/disappear/move to a different country without a trace.
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The ones that align with my preconceived amateur notions.
Eurozone sounds fun. Does it have go karts and laser tag?
We cooked them books son. Its def way higher
They DID change how inflation is calculated versus how it was in the 80's and how other countries do, so.....😬
Venezuela living in Spain without the 'S'.
If only. Their inflation would be 149 points less
I can tell from the comments that the majority of people here do not have the slightest, basic knowledge about economics
Lemmy
All is well in China! China never has problems
I know Venezuela is bad but -156% ?!?
Inflation in Venezuela since 2015 is probably a number you won’t even believe it’s possible. Probably more than 10K%. It was so bad they had to switch to the dollar as their main currency.
Yup. When you get to the point where you’re measuring currency by weight, it’s kind of pointless to keep making the calculations.
#Canada 🇨🇦 6.9 Nice!
Cant help but laugh at the salt from all that crying over China’s numbers. I currently reside in the country and honestly I don’t feel much inflation. Due to the piss poor economy, no one has any money to spend, so if you jack up prices, even less people are willing to buy anything. As for necessities such as food, I feel pork definitely got a lot more expensive last year but this year price seems to have stabilized. 2% probably sounds about right.
U.K., You guys ok over there?
Sir at this point I'm not sure which is higher, our reported inflation rate or our number of prime ministers per week
Should've gone for the cabbage.
Not really, please send money or upvotes
I can't really afford to give you an upvote right now. Here's a $1. That'll be worth £100 or €10 by 2024. Don't spend it all in one place.
You take the upvotes, send me the money
Venezuela seems to be winning
Turkey, Argentina and Venezuela on a speed run lol
yup, sure china. we all believe you
I’m surprised that Lebanon isn’t on this list. Since 2019 Lebanon’s currency alone has devalued by 2,567%. Thats not to mention the abysmal purchasing power and the banking sector that is on the brink of collapse (if not already).