Inflation, or price-gouging??

[napalmdeath]

I think prices on everyday things has gotten out of control. I know, it's been going on for the better part of the last couple years, but how much is just plain price-gouging? You have so many companies that have the market cornered, little or no competition, and I know these corporate fucks are collecting record profits. They have the muscle to charge whatever the fuck they want, and we're getting bent over. And with a week leader in the Whitehouse things won't change until Trump's back in charge and the clamps will be put on these assholes.

 

[JackBootedThug]

Both.

 

[Stumplegriltskin]

Well I stopped going out to eat on the weekend and stopped takeout altogether. Saved almost 2k in a little over a month. I never have a good meal outside my house, so I'm fucking done giving these assholes the high prices they charge. I get it, they're food is expensive, staff, etc.....

I like how my liability insurance for carpentry doubled. I call and asked them "WTF, you guys aren't fueling a fleet of trucks." "Sorry sir... bla bla bla...."

F-OFF
Was $50 a month 2 years ago, now $100 a month? FU

 

[Stumplegriltskin]

All that matters as that the executive skum does well. That's why I don't golf. That's where these assholes hang out and I'd be best to be far away from them. I've been at several places that got bought out. All the execs fucking cash in and everyone else gets fucked. Executive Slime, is what I call them.

 

[MadAsAHatter]

Both.

Pretty much this.

I know prices would be up from a few years ago no mater what, but I think they could come down from where they're at now and companies would still have profit. It's hard to tell where inflation stops and price gouging begins.

Once companies see they can charge a higher price, regardless of the reason, and people will still pay they're not going to come back down. They'll squeeze every last penny they can until their system breaks and profits drop. At that point they'll be forced to change.

 

[VonBonfire]

Well I stopped going out to eat on the weekend and stopped takeout altogether. Saved almost 2k in a little over a month. I never have a good meal outside my house, so I'm fucking done giving these assholes the high prices they charge. I get it, they're food is expensive, staff, etc.....

Same here. The only time we eat out is when it's gourmet BBQ cause the reality is a 3 people can eat at McDonalds and it's $35 but I can go to Blacks BBQ which is world class for around $50 or 60 bucks. So we just get food to go once a month instead of once a week and still save money. Yep....just had Dairy Queen treats this evening....she bought the strawberry syrup from DQ, 2 containers 94 cents each, and we used our own vanilla ice cream and strawberries. I'm done with the lousy service and insane prices. Order white meat, get dark, get shorted on your meal, or wrong items.

I'ts amazing here though. Fast food places are PACKED almost nightly and completely slammed on the weekends even at midnight.

 

[harddriver]

The people that run the show at the Federal Reserve and Washington DC and most Western governments would like to believe that it is the greedy capitalists price gouging you and TOTALLY NOT the out of control money printing and deficit spending in Washington. That way you cry out for them who caused all this to do something.......Pure Hegelian Dialectic. The governments are the corporations and the corporations are the government. The technical term is Fascism with a little communism sprinkled in or the Chinese version of state capitalism....

What you are describing is a SYMPTOM of overprinting and devaluation of the dollar by our so called representatives in Washington who do not represent the common middle class American any longer. This could have been fixed in 2008 if the market was allowed to correct itself, instead all the major BANKS got bailed out worldwide with all of our taxes and future taxes and the American and World Tax payer subsidized criminal behavior....ie the subprime mortgage and derivative markets. This action only kicked the can down the road until now. How much longer can it keep going, nobody knows...This is Modern Monetary Theory. Look up Wiemar republic to see what happens when reality sets in.

In all reality the GOV(BOTH PARTIES) threw the middle class overboard in 1971 when president Nixon took America off the gold standard so the government could print what they want when they want it. There is no Red team Blue team.....It's the Uniparty who serve their globalist masters.

Here's where the rates were roughly under Carter. Reagan won in a landslide.

What were mortgage interest rates under Carter?


Answer and Explanation: Home mortgage rates averaged about 8.85% at the onset of the Carter administration in 1977. However, by the end of Carter's presidency in 1981, home mortgage rates averaged a whopping 16.64%. Home mortgage rates have not been this high since the Carter administration.

What was the inflation rate during the Carter administration?


Of the seven previous presidents, only Carter had a higher rate of price increases, coming in at 18.1 percent overall. After Carter, every president has had a lower inflation rate at this point, and the last three scored under Biden by more than 10 percent.

 

[67mike]

Many businesses are gouging .

Example: buying some lumber recently, I was talking to the manager of the yard....turns out they have dropped their prices 30% from peak.......great

Couple days later, I am talking to my neighbour (Engineer who is in management at large Sawmill/ Pulp mill)......he says they dropped wholesale lumber prices by 60% since peak?!?

We are getting fucked. End of story.

 

[Thumbpicker]

If the rate of return on investment for the company is higher than normal then they are price gouging - however if it's basically the same as usual then either their input costs (labour and materials) have gone up and they are just passing it on.

This is why lefties will often quote that say a bank or supermarket etc has made a record profit and quote some figure in the billions. They fail to say the dividend return on capital invested is still only 5% or has gone down etc. That is to say not an abnormal profit at all.

Over here the "Greens" who are basically commies want to legislate that landlords to freeze rents because people can't afford to pay them. So basically they want mums and dads that invested in an investment property to subsidise their renters and make no return. There is something seriously wrong with the brains of lefties.

 

[Laputan Machine]

It's like 90% inflation, 10% gouging.
Inflation is realistically at about 16% not 2.3% (if you calculated it according to how it had been up until 1994). Inflation is probably much worse now than under Carter, they just drastically changed how CPI is calculated and gamed it to paint a rosy picture politically.
Unemployment is around 18%, GDP has been -2.5% for about 15 years (calculated pre fucky math).

You can see how this is all done at shadowstats.com

 

[dcburn]

Just had a quote for my shower to be replaced with a walk-in for my downstairs bathroom. First quote of a couple.
No flooring or wall work/repair.
I did opt for the ceiling to be covered as well as all the fixtures and sliding doors.
Some sort of plastic or PVC type material, no tile.
$17,500

Re-stoning my driveway and cutting a new, short one into west side of my barn.
$5600

 

[MadAsAHatter]

Just had a quote for my shower to be replaced with a walk-in for my downstairs bathroom. First quote of a couple.
No flooring or wall work/repair.
I did opt for the ceiling to be covered as well as all the fixtures and sliding doors.
Some sort of plastic or PVC type material, no tile.
$17,500

Re-stoning my driveway and cutting a new, short one into west side of my barn.
$5600

Damn, almost 20K for what almost amounts to a shower insert. That's nuts!

On the flip side I have to get a new roof which was quoted at 16K That's not far off from what I paid over 10 years ago for the roof replacement on my old house or what my father-in-law paid about 5 years ago. And this is going with the higher grade architectural shingles for everything.

It's just odd how some things skyrocketed in price and other have remained rather calm.

 

[MadAsAHatter]

Speaking of ridiculous inflation & price gouging; I saw this the other day. WTF happened to $5 footlong?

 

[dcburn]

It's just odd how some things skyrocketed in price and other have remained rather calm.

Exactly!

 

[Stumplegriltskin]

Speaking of ridiculous inflation & price gouging; I saw this the other day. WTF happened to $5 footlong?

View attachment 314799

I only eat once a day, so one of those is a small appetizer. I'd need 3.

 

[VonBonfire]

Speaking of ridiculous inflation & price gouging; I saw this the other day. WTF happened to $5 footlong?

View attachment 314799

Yuck.

 

[harddriver]

 

[Bluesuede]

Jus

Many businesses are gouging .

Example: buying some lumber recently, I was talking to the manager of the yard....turns out they have dropped their prices 30% from peak.......great

Couple days later, I am talking to my neighbour (Engineer who is in management at large Sawmill/ Pulp mill)......he says they dropped wholesale lumber prices by 60% since peak?!?

We are getting fucked. End of story.

Just because the price of a commodity drops doesn't meant the costs of selling that commodity at retail drops. The costs of selling often continue to increase.

The cost of labor doesn't drop by 60%. Rent doesn't drop by 60%. Insurance costs don't drop by 60. Utilities don't drop by 60%. The costs of equipment repairs don't drop by 60%. These costs are stagnant or increasing.

Retailnprice is typically double wholesale. If the lumber store does $100,000 in sales, they pay $50k for the lumber and have $50k left to pay the bills and make a profit. Typically they will have $47k in bills to pay and will make a $3000 profit.

If they get a 60% reduction in cost of goods, and reduce retail prices by 30%, at the same volume they will have $70,000 and will pay $20k for the goods they are selling. This leaves them with the same $50k to pay the bills and make a profit.

 

[shar-vell Dan]

It's like 90% inflation, 10% gouging.
Inflation is realistically at about 16% not 2.3% (if you calculated it according to how it had been up until 1994). Inflation is probably much worse now than under Carter, they just drastically changed how CPI is calculated and gamed it to paint a rosy picture politically.
Unemployment is around 18%, GDP has been -2.5% for about 15 years (calculated pre fucky math).

You can see how this is all done at shadowstats.com

Other way around.
No mechanism keeping companies honest.

 

[Laputan Machine]

Other way around.
No mechanism keeping companies honest.

That's why everything in the grocery store is up 30-100% and gas is up 100% and building materials up 100%+ and housing is up 50% and states are increasing taxes massively to pay for all their public workers paychecks which are basically reduced by 30% etc right? Because of that "healthy 2-3%" inflation. Bidens retardtank got it all under control, you just need to believe you're not really paying way more for everything.