I'm surprised there's not an inflation thread yet
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
VIEWED: 37356
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Quote:I stopped wondering why poor people are poor after some poor people I know went to the trouble of carefully explaining to me over and over how they think prices are set on anything, including the price of oil, proving the poor know nothing, nothing at all:
Originally posted by 6IXSTRINGJACK:
You're having a one sided argument here.
Meanwhile, Biden* just signed the death warrant for his political career and that of many Democrats all over the country this week.
No need to argue me on this point. We're just going to sit here and watch it happen without a damn thing either of us can do about it.
Crude goes up, crude goes down
https://jabberwocking.com/crude-goes-up-crude-goes-down/
(I'll let you figure out how crude prices change gasoline prices. I could do it, but you couldn't get a correct answer even if your life depended on it, which is why the poor shall forever be poor. The ignorance of the poor is why they are poor, not the knowledge and greed of the rich, who know the poor never-never understand how this works.)
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Oh. That argument again, huh?
Go fuck yourself brother. I haven't worked in over 2.5 years and you don't hear me crying about where my meals are coming from.
I'm better off than most people.
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Here is another inflation example easier for 6ix to understand since there is only one seller per house. You might want to blame Biden for house price inflation, but the blame goes to the greed of the seller:
The median single-family home price rose 19.3 percent over the year to an all-time high of $328,000 in February, according to the Houston Association of Realtors. Meanwhile, the average sales price jumped by 13.4 percent to $395,871 in February.
Single-family home sales jumped 22.9 percent to 7,372 units sold from 5,997 in February of 2021.
The sales volume was up 23.3 from Feb. 2020, one of the last normal months before the pandemic began to shake up the real estate market.
The supply of homes on the market sunk to a low of 1.3 months in February, matching the historic low in May of 2021. The "months inventory", which represents how long it would take to sell the homes on the market at the current pace, is six months in a balance market where neither the buyer or seller has the upper hand.
(In Houston, the sellers have the upper hand and sellers are gouging buyers. Biden is not involved in any way, shape, or form. This is how pure Capitalism operates. The same happens with gasoline, except gallons of gasoline from different sellers don't have the distinctive differences that different houses have.)
https://web.archive.org/web/20220310000901/https://www.houstonchronicl
e.com/business/real-estate/article/Houston-home-sales-set-records-as-options-shrink-16989865.php
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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At some point you're going to have to stop pretending that you're smarter than I am dude.
Haven't worked in over 2.5 years. Paid for house. Paid for car. Gas in the tank. Money in the bank. 826 credit score. Semi-retired since I was 32 years old.
Go talk to your fellow dummies on Twitter if you want to lord your pea brain over somebody.
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Raw data: Gasoline price, 1950-2022
Author Kevin Drum Published on March 10, 2022 – 10:30 am
A reader emails with a question:
Could (would) you prepare a chart of gasoline prices (adjusted for inflation) say from 1950 to the present? I think it would be very informative.
Yes indeed! I'd be delighted. Here it is:
Data through 2021 is annual. Data for 2022 is the latest and greatest for this week. Inflation is adjusted using the implicit GDP deflator, which is the EIA's preferred measure. https://www.eia.gov/totalenergy/data/browser/index.php?tbl=T09.04#/?f=
A&start=1949&end=2020&charted=5-10-11
https://jabberwocking.com/raw-data-gasoline-price-1950-2022/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Chart of the day: Inflation is up yet again
Author Kevin Drum Published on March 10, 2022 – 9:13 am
The BLS reports that the US inflation rate rose in lockstep with the European rate announced a few days ago. The headline inflation rate went up from 7.1% in January to 7.9% in February:
Corporations are using the current high inflation rate as an excuse to raise prices on just about everything. However, despite their claims of a workforce shortage, they are somehow finding the fortitude to avoid raising wages for their workers. Funny how that works.
https://jabberwocking.com/chart-of-the-day-inflation-is-up-yet-again/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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lol
Keep telling yourself Biden* isn't directly responsible for everything right now.
November is going to be a bloodbath for the Democratic Party.
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Me: "Remember Covid?"
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Dan Price @DanPriceSeattle tweeted:
hear a lot of talk about food prices but no one ever seems to mention that four companies control 85% of all meat Americans eat.
And yes their profits are all doing quite well right now.
(P.S. 10 poultry execs are currently under indictment for alleged price-fixing)
3:22 PM · Mar 10, 2022·Twitter Web App
https://twitter.com/DanPriceSeattle/status/1502032248681467906
Chief Judge Philip A. Brimmer said in a Jan. 14 order there was evidence of a conspiracy.
"The testimony of government witness Robbie Bryant, a Pilgrim's Pride employee, is sufficient to support a finding beyond a reasonable doubt that a conspiracy existed between Pilgrim's, Koch Foods, Claxton Poultry, Tyson Foods, Mar-Jac Poultry, and George's Inc. to rig bids and fix prices," the judge said in his order.
Standing trial are Jayson Penn, former president and CEO of Pilgrim's Pride; Roger Austin, former vice president of Fresh Foodservice at Pilgrim's Pride; Claxton Poultry Farms President Mikell Fries; Scott Brady, vice president of national accounts for Claxton Poultry Farms; along with other poultry company employees Jimmie Little, Timothy Mulrenin, William Kantola, William Lovette, Gary Roberts and Rickie Blake.
https://www.dtnpf.com/agriculture/web/ag/news/article/2022/01/20/feder
al-judge-rejects-acquittal
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by second:
Dan Price @DanPriceSeattle tweeted:
hear a lot of talk about food prices but no one ever seems to mention that four companies control 85% of all meat Americans eat.
I do. But nobody listens to me.
If you think that Democrats are going to do anything about it, this is just more evidence to throw on the pile of lies and stupidity you regularly spout here.
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Me: "Remember Covid?"
Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"
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Quote:Democrats won't do anything about this because Republicans, who can stop anything so long as there are 41 GOP Senators, will scream that the Constitution forbids the Federal government from limiting greed and price gouging just as 19th Century Democrats (absolutely no connection to today, other than sharing the same name) once said the Constitution forbid limiting slavery.
Originally posted by 6IXSTRINGJACK:
If you think that Democrats are going to do anything about it, this is just more evidence to throw on the pile of lies and stupidity you regularly spout here.
Inflation in Action:
'Anomalies' found in natural gas market pricing during 2021 freeze
Natural gas prices spiked to more than $100 per million British thermal units in West Texas during the freeze, according to The Woodlands-based nonprofit Houston Advanced Research Center, which analyzes energy issues. Before the winter storm, natural gas was selling for an average of about $3 per million British thermal units. Some gas-powered electricity generators and municipalities reported that despite having contracts setting a price for the gas they planned to buy, some providers refused to sell their product at those prices, instead putting their gas on the open market for much higher prices.
Federal government and state government said they can’t do a damn thing about it, except investigate. The law forbids government to do anything more.
https://web.archive.org/web/20220311135620/https://www.houstonchronicl
e.com/business/energy/article/FERC-official-Anomalies-found-in-natural-16993174.php
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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