American Economics Thread

[gelgoog]

Food is typically grown locally and housing is also local. Both made in the US. And those had huge inflation values. Other US home grown goods and services also have had huge inflation. If it wasn't for Chinese imports, I think there would be ShadowStats levels of inflation in the US across the board.

You cannot expect to massively increase the monetary supply without consequences. The US printed its way out of the Recession in the beginning of the last decade. This printing only increased during the lockdowns.

Why do you think people sought Bitcoin and Gold as safe havens?

 

[chgough34]

You're the one who asked to have that argument.

All of this because you can’t handle the fact that there isn’t hyperinflation in the U.S.

You're wrong about math, and then even more wrong by attempting to cast blame on others for something that was undeniably due to your own incompetence.

Except no. The article doesn’t provide prices, which are provided otherwhere which show it’s a ~68%, not a ~168% increase.

The average size home in the US has not increased since 2011. That's a chart. What you just provided is word diarrhea that means nothing.

No. The average NEW home has not increased since 2011. But NEW homes are not all homes, and even if new homes are not increasing in size, average homes still can be since homes that are destroyed are smaller than homes that are being built. To wrap this up - the evidence presented counts against “prices doubling in 10 years” since home sizes have increased, the list price doubled in only 70 metro areas (and these were the highest increases across all ~350ish U.S. metro areas), and thus the true inflationary effect is smaller than double.

You are always wrong, incompetent, incapable, and unrepentently American in your failed attempts to cover your cringe-inducing mistakes.

Anyways; this was a lot just to say that there, indeed, was not 7% inflation between 2010-2020 in the United States. The BLS CPI index is broadly accurate (with of course, the endless debates over laspreyes/paache indexes, weightings, hedonic indexes, etc) but it’s aside the point - price levels didn’t double between 2010 to 2020 so ShadowStats is wrong.

 

[broadsword]

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McDonald’s was found to be the chain which saw prices spike most significantly. The company has actually doubled the prices of some popular menu items since 2014, marking an increase of 100 percent. Some of the more common items have seen even higher increases. McDouble and McChicken sandwiches, as well as medium-sized French fries, have seen increases approaching 200 percent. McDoubles now cost $3.19 on average, compared to $1.19 in 2014; and medium fries now cost $3.79 compared to a measly $1.59 a decade ago. At many locations, the McChicken sandwich—formerly a $1 staple on the chain’s value menu—has risen to $3. Other significant price hikes on the McDonald’s menu include the Quarter Pounder with Cheese meal and the chain’s Chicken McNugget combo; both of which come with fries and a drink. While they cost just $5.39 and $5.99, respectively, in 2014; the meals now run $11.99 and $10.99 on average.

 

[gelgoog]

All of this because you can’t handle the fact that there isn’t hyperinflation in the U.S.

None of us are claiming there is hyperinflation in the US. Hyperinflation is like 50% inflation a month.

 

[pbd456]

back in 2020, dollar tree was still a dollar store ( I shopped there). there was a news yesterday that dollar tree is 1.5 USD to up to 7 USD.
is that inflation of 50% over 4 years?

 

[Arij Javaid]

Everything Peter Schiff has said about the disastrous state of US economy is coming true

Inflation going back up

Gold with make record highs

Fed will be forced to cut rates.

Debt will increase astronomically.

This is the same guy who also accurately predicted the 2008 financial crisis

So I trust him

 

[henrik]

US national debt is increasing.

 

[henrik]

US national debt is increasing.

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[AssassinsMace]

It was less than two years ago you could buy a 2-litre bottle of coke for $1.99. On sale you could get them for $1. Now they cost more than $4 and you never find them on sale. I found 1-liter bottles at the Dollar Store for $1.25 but the last I saw they already raised the price to $1.75. I don’t know if they already raised their price again in their new price scheme they announced recently.

Let’s not forget shrinkflation where prices “stay” the same but they give you less than before.

 

[pbd456]

It was less than two years ago you could buy a 2-litre bottle of coke for $1.99. On sale you could get them for $1. Now they cost more than $4 and you never find them on sale. I found 1-liter bottles at the Dollar Store for $1.25 but the last I saw they already raised the price to $1.75. I don’t know if they already raised their price again in their new price scheme they announced recently.

Let’s not forget shrinkflation where prices “stay” the same but they give you less than before.

I drink a lot of any brand diet soda. For a long time, dollars tree sells 3l bottle for 1 USD. Then. Cut it to 2.5 L a few years ago. But not sure how much it costs now for store band diet soda