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2022-02-11 Economy

The bad inflation numbers are even worse than the government says

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Posted by Besoeker 2022-02-11 05:58|| E-Mail|| Front Page|| [8 views ] Top

#1 Since 2020, here is some of what I am seeing in Mid East GA.

Gas (87) up 41% to 50+%
Smith Field Bacon up 155+%
Sunbeam Bread up 22%
DZ Eggs up 23%
2% Milk up 19% to 23%
Ribeye up 66%
80/20 Hamburger Up 32%

Dollar Tree up 25% ☺

WW Chicken Wings up 42%
SAMS Skinless Salmon up 19%
WW Pancake mix up 34%
40LBS wild bird seed up 19+%
SAMS Folgers Large Canister of Coffee up 19 to 21%

The Wrost Price Gouging seen to date
Food Lion 100 8 cup store label Coffee Filters $4.99
(note The Mr. Coffee brand in Dollar General sell for $1.99)

Is it all BIDEN's Fault NO.
The Global Pandemic shares significant blame also for the inflation.

BUT!!!
How the Biden Admin & SD's stumbled around, played politics with a pandemic to prolong it, meaningless Reg's, $ TRILLION in deficit spending, and general tinkle poor handling of the economy, are the largest part of the Blame.

Posted by NN2N1 2022-02-11 09:36|| 2022-02-11 09:36|| Front Page Top

#2 Funny how during the 2020 Trump Covid lockdowns inflation was only 1.4%. As soon as Democratic-socialists took power, inflation quintupled and is still rising. Last month inflation was 0.8% (10.0% normalized over one year).

Posted by Snusoting Omains7589 2022-02-11 09:48|| 2022-02-11 09:48|| Front Page Top

#3 NN2N1, who the hell believes that food only rose 6% in 2021. I am see similar similar price increases except that in Texas French bread increased by 33%, meat 20-25% and gas has doubled from $1.50 to $3.10.

Posted by Snusoting Omains7589 2022-02-11 09:54|| 2022-02-11 09:54|| Front Page Top

#4 Tyson Foods' earnings report this week indicated that the price of chicken is up 20%, meat is up 32% and pork 13%

Posted by Merrick Ferret 2022-02-11 10:53|| 2022-02-11 10:53|| Front Page Top

#5 Don't forget the SD's have renewed calls for a nationwide state level $15 p/hr Min Wage...

The usual election year carrots on a stick for Votes.

Think of the inflation % numbers that will add?
In some states that is 75% to 100% in additional wages.

But it does make Biden's & the SD's 2.4+ million recent Illegals more affordable to employers.

Posted by NN2N1 2022-02-11 11:18|| 2022-02-11 11:18|| Front Page Top

#6 I keep advising clients who are "considering" 4% mortgages "You better grab one--the real rate of inflation is much higher than even the Federal Reserve is pretending it is."

If you have the ability to borrow money cheaply and a GREAT thing to spend the money on, you better grab it before we witness Carter-era hijinx.

Posted by Crusader 2022-02-11 22:34|| 2022-02-11 22:34|| Front Page Top

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