Inflation down again

[Bob_C]

https://budget.house.gov/press-release/families-crushed-as-bidens-total-inflation-breaks-17

Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Consumer Price Index (CPI) report for September stated inflation grew at a rate of 3.7 percent and cumulative inflation under President Biden grew to a staggering 17.1 percent: [/i]

Even Biden's cooked books on CPI are gruesome

But let's celebrate inflation is "down" because the middle class can't afford higher prices as it is

Why wouldn’t we want to celebrate? The inflation caused by Daddy’s pandemic is finally ending.

It was there to claim that and not call it transitory. Whoops.

 

[Sledog]

 

[RaceBannon]

I'm getting a raise

In my pants

 

[RaceBannon]

http://twitter.com/KobeissiLetter/status/1745438016833785975?t=w_5MOa2b_SS_AE-myIaLnA&s=19

#winning

 

[HuskyBuck]

I’m just curious. If people could take their 2020 net worth and 2020 cost of everything vs 2024 net worth and 2024 cost of everything…..what are you guys choosing?

If it’s not the latter, it tells me everything I need to know. So which is it?

 

[RaceBannon]

I’m just curious. If people could take their 2020 net worth and 2020 cost of everything vs 2024 net worth and 2024 cost of everything…..what are you guys choosing?

If it’s not the latter, it tells me everything I need to know. So which is it?

Sounds like you have everything you need to know

As do I

 

[HuskyBuck]

I’m just curious. If people could take their 2020 net worth and 2020 cost of everything vs 2024 net worth and 2024 cost of everything…..what are you guys choosing?

If it’s not the latter, it tells me everything I need to know. So which is it?

Sounds like you have everything you need to know

As do I

So you’re not gonna answer my question? Which of those two options would you choose?

 

[Bob_C]

I’m just curious. If people could take their 2020 net worth and 2020 cost of everything vs 2024 net worth and 2024 cost of everything…..what are you guys choosing?

If it’s not the latter, it tells me everything I need to know. So which is it?

For most on this board, yes 2024 is “better” because of asset price inflation. Anyone under 35 is royally fucked though. Congrats.

 

[HuskyBuck]

I’m just curious. If people could take their 2020 net worth and 2020 cost of everything vs 2024 net worth and 2024 cost of everything…..what are you guys choosing?

If it’s not the latter, it tells me everything I need to know. So which is it?

For most on this board, yes 2024 is “better” because of asset price inflation. Anyone under 35 is royally fucked though. Congrats.

I’m under 35…..I’m not fucked, but I do respect that you answered my question Bob thanks.

And just FYI, even accounting for inflation, your net worth should have rose 37%….unless YOU suck, but you have no one to blame but yourself.

 

[RaceBannon]

I’m just curious. If people could take their 2020 net worth and 2020 cost of everything vs 2024 net worth and 2024 cost of everything…..what are you guys choosing?

If it’s not the latter, it tells me everything I need to know. So which is it?

Sounds like you have everything you need to know

As do I

So you’re not gonna answer my question? Which of those two options would you choose?

Why would I answer your question?

You think you're the first here with this bullshit?

You have everything you need to know.

 

[RaceBannon]

Yes buck got his

Who cares about energy and food costs killing families

Gotta defend Biden
You suck if you don't love the inflation of the last three years is a great campaign pitch

Must be why Biden is doing so well

 

[Bob_C]

I’m just curious. If people could take their 2020 net worth and 2020 cost of everything vs 2024 net worth and 2024 cost of everything…..what are you guys choosing?

If it’s not the latter, it tells me everything I need to know. So which is it?

For most on this board, yes 2024 is “better” because of asset price inflation. Anyone under 35 is royally fucked though. Congrats.

I’m under 35…..I’m not fucked, but I do respect that you answered my question Bob thanks.

And just FYI, even accounting for inflation, your net worth should have rose 37%….unless YOU suck, but you have no one to blame but yourself.

Weird how M2 increased by roughly that % too.

But it's not a bubble.

 

[RaceBannon]

Wages don't keep pace with inflation but you suck if you don't like it

 

[HuskyBuck]

I asked you a simple question (weird you didn’t answer it, it must not fit your narrative) . no one is defending anything. As usual, you got challenged with something that required critical thought and went apeshit on me!

Inflation sucks no denying, but you have more wealth that outgrew inflation. Does that suck too?

If you’re gonna blame Biden for food prices, are you gonna blame him for being richer?

 

[RaceBannon]

I asked you a simple question, no one is defending anything. As usual, you got challenged with something that required critical thought and went apeshit on me!

Inflation sucks no denying, but you have more wealth that outgrew inflation. Does that suck too?

I've been on this board for years

I don't owe you anything

You're defending high inflation

Let's see how that works in November

 

[Bob_C]

Wages don't keep pace with inflation but you suck if you don't like it

The monthly cost of buying the median priced house has more than doubled also during that time. But CPI only has a plus ~22% cumulative effect.

Things are great out there.

 

[HuskyBuck]

So you’re taking your 2020 net wealth and 2020 prices is what you’re telling me Bob? I’m unclear with your answer

 

[HuskyBuck]

I asked you a simple question, no one is defending anything. As usual, you got challenged with something that required critical thought and went apeshit on me!

Inflation sucks no denying, but you have more wealth that outgrew inflation. Does that suck too?

I've been on this board for years

I don't owe you anything

You're defending high inflation

Let's see how that works in November

Soooooo you’re taking 2020 net worth and 2020 prices?

Man you guys dance around more than Shakira.

 

[Bob_C]

So you’re taking your 2020 net wealth and 2020 prices is what you’re telling me Bob? I’m unclear with your answer

Meant I'd take 2024, but I own plenty of assets, thus inflation is a rounding error to me. It's not to an overwhelming % of the population.

I'd like to give the serfs a chance to own the land and not ring up crazy credit card debt, mainly so they don't violently take my land.

 

[HuskyBuck]

So you’re taking your 2020 net wealth and 2020 prices is what you’re telling me Bob? I’m unclear with your answer

Meant I'd take 2024, but I own plenty of assets, thus inflation is a rounding error to me. It's not to an overwhelming % of the population.

I'd like to give the serfs a chance to own the land and not ring up crazy credit card debt, mainly so they don't violently take my land.

Once again thanks Bob I appreciate the honest answer. I apologize for the namecalling on the other thread, probably let the husky defeat get to me.