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-   -   Is inflation here? (http://glocktalk.com/forums/showthread.php?t=1446187)

vart 10-04-2012 15:11

Is inflation here?
 
My dad sure thinks so. He just put on a set of tires on his dually and it cost him $1700.

He said the same tires 2 years ago ran him $1100.

He said he's noticed that prices on everything have been going up the past few months and he thinks it is due to inflation from the Fed printing money like crazy.

I don't know enough to agree or disagree with him.

I do know that a few folks on talk radio have been warning of hyper inflation for a while...:dunno:

What do you guys think?

ilgunguygt 10-04-2012 15:19

Tires and batteries have been climbing steady for some time now.

Atlas 10-04-2012 15:20

:popcorn:

RonS 10-04-2012 15:30

Can't prove it and not interested in arguing with anyone, but I am starting to cut back on some stuff because of cost. Went to the local slop shop the other night for some carry out and the cost was up about $6 for the three of us, all getting the usual junk food. Same with some other things. Some stuff is holding steady.

itstime 10-04-2012 15:33

Yes. It's here. Go grocery shopping. Everything is going up.

devildog2067 10-04-2012 15:40

Yes, we've been experiencing inflation at a fairly normal rate. However, a 55% increase in 2 years isn't due to "regular" CPI inflation. Some stuff just gets expensive faster than other stuff. Other things get cheaper.

427 10-04-2012 15:41

It's been here. Have you not been paying attention when you shop for necessities?

devildog2067 10-04-2012 15:41

Quote:

Originally Posted by itstime (Post 19485527)
Yes. It's here. Go grocery shopping. Everything is going up.

Not everything. In consumer electronics, for example, prices are dropping continuously. Yes, inflation drives up the price of stuff, but there are other market forces at play as well.

devildog2067 10-04-2012 15:43

Rolling y-o-y change in the Consumer Price Index:

http://www.tradingeconomics.com/char...01&d2=20121031

Happypuppy 10-04-2012 15:46

Yes. Anytime you put massive amounts of money that is printed and not the result of labor it leads to inflation. Not possible otherwise... It is hidden because the dollar has devalued. Compare the price over the last 4 years of gas vs the dollar and then compare the price of gas vs Gold. the price is going up due to the devaluation of the currency. Look at packages, items that were 16 oz are now 14.5 oz , look at cereal boxes they are smaller too for the same amount.


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Atlas 10-04-2012 15:48

This thread is gonna be fun.. :supergrin:

Breadman03 10-04-2012 15:54

At the grocery store I work in, some items have been steadily rising, while others haven't had a price change since 2008. (The price tags have the date the tag was generated printed on it.)

VinnieD 10-04-2012 16:01

Where have you been? Inflation has BEEN here, and getting worse over the last 4 years. The fact that not only is the fed printing money like crazy, but also attaching additional debt to every dollar printed, which requires more money printed to pay it, means that money is practically being stolen out of your pocket every moment the presses run.

Atlas 10-04-2012 16:04

Quote:

Originally Posted by devildog2067 (Post 19485558)
Rolling y-o-y change in the Consumer Price Index:

...

The CPI, yeah....


You in particular understand the significance of valid and accurate metrics...

devildog2067 10-04-2012 16:26

Quote:

Originally Posted by Atlas (Post 19485617)
The CPI, yeah....


You in particular understand the significance of valid and accurate metrics...

Well, you gotta start somewhere. Looking at the change in price of a particular set of tires over 2 years isn't going to give you a valid picture.

8-Ball 10-04-2012 18:26

Roughly a quarter of the make up of tires come from petroleum products. Petroleum goes up, tires go up.

JPNH 10-04-2012 19:24

Quote:

Originally Posted by vart (Post 19485455)
My dad sure thinks so. He just put on a set of tires on his dually and it cost him $1700.

He said the same tires 2 years ago ran him $1100.

He said he's noticed that prices on everything have been going up the past few months and he thinks it is due to inflation from the Fed printing money like crazy.

I don't know enough to agree or disagree with him.

I do know that a few folks on talk radio have been warning of hyper inflation for a while...:dunno:

What do you guys think?

I would say that if you're buying tires, inflation is imminent.

Sorry in advance.

J

SPIN2010 10-04-2012 19:40

Tires = Oil and oil has been going up (for quite a while now), seems pretty straight forward.

nmstew 10-04-2012 19:42

Quote:

Originally Posted by jpnh (Post 19486292)
i would say that if you're buying tires, inflation is imminent.

Sorry in advance.

J

beautiful

mgentry 10-04-2012 19:48

Inflation is in the background but it will not be long at our spending/debt rate that it will come roaring into our economy.

paynter2 10-04-2012 21:19

Quote:

Originally Posted by SPIN2010 (Post 19486370)
Tires = Oil and oil has been going up (for quite a while now), seems pretty straight forward.

I wish I could remember the quote from a Saudi Sheik regarding oil and dollars. I also wish i could remember the guys name. He stated it during the '70s oil crisis. It went something like this...

"We need more of your dollars for our oil. Your dollar is not worth so much any more".

Not much else to say. Except maybe that the FED says inflation is currently at ~2%. I wonder where Helicopter Ben shops? :rofl:

IIRC, stadowstats.com thinks 'price' inflation is closer to 11%. They calculate such things as they were calculated 20 years ago. Now why would the Gov change their calc methods? :shocked:

NEOH212 10-05-2012 02:25

If this isn't inflation, I'd really hate to see what's coming next.

Highspeedlane 10-05-2012 03:46

With fuel costs what they are, it's got to be passed on to the consumer eventually.

I filled up two days ago @$3.93 for regular. Ouch. I ordered a screwdriver set from Midway and shipping costs have risen noticeably from what I remember last.

Without an economical way to move people and products around the nation (never mind the impact to petroleum based manufacturing) I don't see how it's possible to ever mount any sort of economic recovery.

c6601a 10-05-2012 04:13

Food prices are up and a likely to go MUCH higher. But it has nothing to do with the Fed. It is all due to the drought this summer and the subsequent crop failures. It will take 2 years for the prices to recover.

Everything related to petroleum is up because markets are worried about saber rattling from Iran and equally juvenile behavior out of Israel. Oil prices will crash if BOTH Ahmedin-nut-job and Nutt-n-yahoo are voted out and replaced by mature adults. That and no natural disasters or accidents that significantly impact oil production or refining.

Flying-Dutchman 10-05-2012 04:49

Let’s say you are running the Country, what would you do to solve all of our financial problems?

Inflation is the solution. It is the only way. It is coming in a big way.

$16 Trillion in US Debt – inflation solves it.

Housing crisis loaded with underwater mortgages – inflation solves it.

SS and Medicare crisis –inflation solves it.

Need an unauthorized tax increase –inflation solves it (everyone in a “rich” tax bracket).

Bernanke is pumping with QE3. He is stealing from you.

Notice it is the necessities; fuel, food that skyrocket. Is your paycheck going to keep up?


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