Signs of inflation?

[silverflake]

My little sign of inflation:

I fish....I fish A LOT! Mostly bass but when it's hot and the bass aren't biting, I throw a can of corn in the slow moving part of the river, put a kernel on a hook and catch some massive carp.

Thus, I use a ton of corn. So every year I head to Kroger and they sell these 4 packs of canned corn. I will buy 5 or 6 packs of them. Literally for the last 4 springs the were the same price ----> $1.88

Went to stock up last week for the season -----> $2.13

Certainly not a wallet breaker but 4 years of stability shattered!

Stack anything tangible

[blackrabbit]

My utilities went up about 40% over the past year. Water, power, and garbage.
The good thing is my property value went up rather ridiculously as well.

[coppernickel]

Shrinkflation is beginning. The "gallon" of ice cream is getting smaller. Rolls, bag sizes, etc are shrinking faster than normal.

[JadeDragon]

Inflation is definitely real. Stats from around world here https://www.cnn.com/2021/06/04/business ... index.html

[Recyclersteve]

Here’s something that I thought was a bit ridiculous. On Monday I saw that my house was worth $4k more than it was on Saturday. Then I looked at the 30-day increase and it was about $2k a day for the past 30 days. Normally I’d be happy to get that type of gain in a year instead of just a month. Interesting times!

[Treetop]

Id be horrified if my property value shot up drastically. Just means more taxes. We bought a new placed awhile back. Couldnt come close to building it when we did and much less so now. It was on the market 2 years when we bought it. I held his poor feet to the fire in the deal. 20k under asking and a 5% seller concession to cover closing and a bit extra. Bought the house with a tiny bit of equity. Im happy to report it is not worth more in the local economy. People here with money to buy a place prefer to buy open land and build or move in a modular oftentimes.

[IdahoCopper]

Yesterday, I got the assessment notice from the county tax dept. My house went up in value $61,500 in the last year. It was a 25.48% increase of taxable value.

This is the face of inflation.

[ScrapMetal]

Yesterday, I got the assessment notice from the county tax dept. My house went up in value $61,500 in the last year. It was a 25.48% increase of taxable value.

This is the face of inflation.

That to me is the scam of property taxes. I thought taxes were to only match the proposed budgets of the various things they are collected to pay.
So the government just arbitrarily tells you your home is worth more and conveniently collects 25% more in taxes. And you are just supposed to come up with the overcharge to pay for less and less services.
You think the protestors are picking the wrong people to blame for our problems? I most certainly do.

[JadeDragon]

Should buy USED CARS? “For the second-consecutive month, used car and truck prices surged. Last month, they rose 7.3%, accounting for around one-third of the overall increase in prices in May. In April, used car and truck prices rose 10%, the biggest monthly price rise since used car data was first tracked in 1953.”.

Lot of other examples here. https://www.cnn.com/2021/06/10/economy/ ... index.html

[68Camaro]

Should buy USED CARS? “For the second-consecutive month, used car and truck prices surged. Last month, they rose 7.3%, accounting for around one-third of the overall increase in prices in May. In April, used car and truck prices rose 10%, the biggest monthly price rise since used car data was first tracked in 1953.”.

Lot of other examples here. https://www.cnn.com/2021/06/10/economy/ ... index.html

My wife and I discussed this last night. The small regional company she works for uses a small fleet of trucks of all sizes from pickups to semis, and when they recently went to plan their annual fleet rotation they found they can't get trucks at list price, period. Those few that are available are hard to find, and the prices of those that are available are being bid up to over list by thousands for the low end and tens of thousands for the larger models. They are now looking at gently used trucks, and are finding that low mileage trucks under 3 years old are bringing more on the market than their original list price. They haven't resolved what to do, but I predict (d'oh - it's a no-brainer) that many companies in the same position will find themselves spending more money on truck maintenance to keep their fleets longer, rather than replace them.

The product scarcity and price rises are more than just inflation - there is an inflation component, but the magnitude of rise (and the lack of supply) is more tied to COVID business interruption than simple inflation, though there is an obvious interaction between the two because of what the US and state governments have done to both continue record amounts of money printing while shutting down the economy and (in blue states) refusing to re-open the economy even though data shows there is no medical reason to continue to keep things closed. So the price is being paid. The speed of this disruption is also tied to the "just in time" business philosophy of minimizing part and product inventory, so disruptions in any part of the supply chain (such as electronic chip production, which now can cripple vehicle production due to vehicle producer dependence on computer controls) ripples almost instantly throughout the entire economy.

It will eventually shake out, but the effects are so significant that it will take several years to moderate, at best, and in the process prices will escalate significantly before they calm down (and that's if policies allow that to happen, because it's possible the policies will make this worse - and of course politicians can't let a crisis go to waste).

I'm personally glad that we got the work done on our house last year when we did - not sure we would have paid today's prices for lumber to do what we did. Lumber was already on the way up - doubled from job bid to job start on one of our tasks. A sheet of plywood here has gone from $13 to $75 in less than a year. And those price rises are typical for and have affected almost all building products.

[Treetop]

Im rather shocked prices are up more now then during the cash for clunkers nonsense. I had been on the market for a solid used car (1-2 years old kinda thing or very low miles if older) and there was just nothing.

Im afraid to even know what plywood here is. Was around 50 a sheet here 2 years back. Lumber is pricey in the desert.

[68Camaro]

Im rather shocked prices are up more now then during the cash for clunkers nonsense. I had been on the market for a solid used car (1-2 years old kinda thing or very low miles if older) and there was just nothing.

Different driver for the price increase than the cash for clunkers situation, with used cars becoming less numerous, as used car buyers are on the whole less willing to drive up prices (as much). This time used car prices are increasing because new cars are becoming hard to find, so relatively cash-rich buyers are priming the used vehicle market.

[Treetop]

Im rather shocked prices are up more now then during the cash for clunkers nonsense. I had been on the market for a solid used car (1-2 years old kinda thing or very low miles if older) and there was just nothing.

Different driver for the price increase than the cash for clunkers situation, with used cars becoming less numerous, as used car buyers are on the whole less willing to drive up prices (as much). This time used car prices are increasing because new cars are becoming hard to find, so relatively cash-rich buyers are priming the used vehicle market.

yeah makes sense I guess but still a bit shocking. atleast around here there was just nothing back at that time. Probably also a bunch of people with stimulus money they dont care if they throw at something they want. We were saving ours and finally decided to buy a new couch and a fridge and stove. have to say, as best I can tell prices on those items dont appear to be up much. I mean I dont track prices of them or anything but we almost got those things like 2 years back and prices seem about the same as best I could tell. (could be wrong). We even got memorial day sales for a few hundred more off.

[JadeDragon]

I’ve read furniture prices are climbing faster then any time in many years. Further in Canada there is a new tariff sending furniture costs sky high.

[IdahoCopper]

I recently bought a 2000 Ford Escort with 106,000 miles for $2400. It was a private party deal. The car is clean, nice condition, seems to drive well. I had my mechanic change the transmission filter and fluid. He said it looked normal in there, no issues. Also said the car drives and feels just like an Escort should. Its probably OK.

Six months ago that car would have been $1800.

[Treetop]

I’ve read furniture prices are climbing faster then any time in many years. Further in Canada there is a new tariff sending furniture costs sky high.

Could have been the memorial sales that made it not so obvious but the few % higher prices an article I looked up just now claimed on furniture didnt seem to stick out. (being sarcastic because of how trump was reacted to) I cant believe how isolationist and racist canada is being with a 295% tariff on furniture!! Trump came nowhere close to anything like that. Couple that with trump being basically hitler, canadas much tougher immigration laws and election integrity laws you guys really have a lot to account for up there!!

[JadeDragon]

Nothing wrong with Canadian election laws. If you don’t vote advance or absentee, we all show up in elementary school gyms and fire halls, mark our ballets with the supplied golf pencils and at the end of the day count up the votes by hand in full view of party/candidate accredited scrutinizers. Counts from each poll are totaled by election officials and reported by phone to Elections Canada/Provincial Returning office for the riding. They report to HQ and we have a winner before midnight. As all the ridings report in the info is released to the networks that run a live show election night. Unless there are some super close races and the national/provincial totals are really close, we know who will form the government that evening. Recounts do happen if there is a close race. My father ran for mayor when I was young and they counted the ballots three times - he lost by two votes.

I can’t even remember anyone seriously alleging any significant voter fraud or election irregularities other then the occasional breach of spending limits. While occasionally a very close race might go to a judicial recount, everyone respects the process and does not claim victory until the elections officials declare a winner (or any serious losing candidates conceded). No one has ever claimed a candidate actually won who was not declared the winner. No one refuses to concede once the results are clear and every losing local candidate (with enough support to warrant media attention or a watch party) and every losing party leader make a concession speech.

[bankmining]

They report to HQ and we have a winner before midnight.

But what happens if it’s obvious that the “wrong guy” is winning? How do they delay things so that more ballots can be found?

[Treetop]

and at the end of the day count up the votes by hand in full view of party/candidate accredited scrutinizers.

We have laws in place to do that and just solidified them since they were ignored only in the areas we ended up with more votes then voters, had hundreds under threat of perjury list this and other major issues and election officials from only one side were blocked from watching. This is the first time Im aware of this happening. In one case they even sent all watchers away and are on video pulling cases of ballots out and counting anyway, after they lied and had said there was a water leak. (there wasnt) In many other cases democrats cheered as they blocked windows from the right wing poll watchers. Of course on top of the fact hundreds of them have logged issues we thus far have just ignored.

No one refuses to concede once the results are clear

We had abrahms do that. She still runs around pretending she won. In trumps case the results are nowhere near clear. There are major undeniable issues the likes of which weve never seen before. Only a week ago it came out in michigan that someone had accessed the voting machines during the election and was adding votes to the opposite of whatever it had been voted for. So the system would kick out the vote and leave it up to election officials to pick who to count the vote for. Among to many other proven issues to list. Somehow biden only did better as compared to hillary in the exact precincts where hundreds of people involved claim issues.

Still though, canada has stricter election laws then the US does.

[JadeDragon]

We’ve scrutinized Canadian elections since I was a teenager. Election officials operate strictly on a non-partisan basis. No such thing as the wrong candidate winning.

I’ve also lived and gone to university in the states. People pushing the lies about Trump winning in 2020 are just wrong. Trump was trounced. The current rounds of efforts to make voting harder are really race based and evil.

[Treetop]

The current rounds of efforts to make voting harder are really race based and evil.

In most of the states they literally made it EASIER to vote. In others they just solidified laws already in place for the most part. It is harder to vote in canada as was the point I brought up to begin with. Many articles on this point if you bother to look it up. There is nothing vaguely race based about US voting laws to even imply it borders on lunacy to be honest. Where you are confused is that during covid while bypassing state legislatures governors changed how we were going to do elections. On top of it in key areas they blatantly ignored laws and broke them repeatedly. Im not sure why this doesnt register for you. So now we have some states setting in most cases more open laws that establish more progressive methods of registering and wider voting windows. Georgia specifically did that. They didnt make them as wide open as the DNC wants which is right up to same day registering online. We have proof on some points and regular election officials in others telling us how these exact means were used to alter the vote in key areas this last election.

What I find strange is you appear to dismiss it as possible because firstly you hate trump. Secondly your media source assured you it never happened and was totally looked into!!! Except it wasnt. Your media source insisted the people who believe it were brainwashed!!! Which of course implies the hundreds under threat of perjury who were involved with the election are among the brainwashed or even trying to cheat by making things up. What a coincidence they did this almost solely in the tiny fraction of a % of precincts where biden did better than hillary and often there were more votes than voters in those places.

I dont even find your stance evil. I find it delusional. You live in a nation with stricter voting laws, and think even georgia who opened up legal voting to some degree were racist based on....... Only thing you said were there are longer lines in cities lol. Im sorry but that is many stages past nutty.

[Corsair]

...ended up with more votes then voters, had hundreds under threat of perjury list this..

Lawyer here. Can confirm no one has ever lied under oath, ever. Not once. Ever.

[IdahoCopper]

...ended up with more votes then voters, had hundreds under threat of perjury list this..

Lawyer here. Can confirm no one has ever lied under oath, ever. Not once. Ever.

In the history of the USA, there has never been a case where hundreds of people all lied under oath about the same thing.

[Treetop]

...ended up with more votes then voters, had hundreds under threat of perjury list this..

Lawyer here. Can confirm no one has ever lied under oath, ever. Not once. Ever.

Never said that. The idea we had election officials illegally blocked while votes were brought out secretly on top of hundreds who almost solely claimed these issues from very key areas that happen to be the small handful of places biden did better as a % than hillary (he did worse in almost all precincts) including places with more votes than voters DOES put a little weight to it though dont you think? Im not even sure what to say to people who insist there were no issues. What do we even have poll watchers for anyway? If hundreds can come out all saying the same things and we just ignore them without even properly checking their claims? Some of their claims we know at face value are true because we have video.

[Treetop]

To believe there were no issues with the last election you have to believe Trump had a network of grunts all over the nation who somehow knew in advance to make claims of fraud ONLY in a small number of places where biden did not just a bit better, but wide margins better than hillary when he did worse in almost all precincts. Some of which were later found to have been caught on film. All during an election we KNOW for sure in those key areas poll watchers were blocked for the first time ever (that Im aware of) in a major election from only one side. All of this without any intel agencies or the DOJ that constantly worked against Trump even hinting at a shred of suspicion or evidence that such a network was built by Trump or people on his behalf. With all due respect that just takes a level of gullibility I cant understand.