THE MORNING RANT: Government Propaganda Outlets (the US Media) Report Joyful News of Glorious Uptick in Inflation for Benefit of Grateful Citizens

The official inflation rate for the month of July increased to 3.2% from 3.0% the prior month. You wouldn’t know that inflation was worsening if you read the news reports from the regime media.

Of course, the inflation figures produced by the Department of Labor are fraudulently understated to begin with, as I’ve covered several times, but even then the inflation rate in July showed to be higher than it was in June. The media was wanting to report that the Biden economic miracle was progressing apace, and that inflation was decreasing, so they pretty much went ahead and reported that inflation was decreasing, even though it wasn’t true.

”Inflation Picks Up, but Details Under the Surface Are Encouraging” [NY Times – 8/10/2023]

Economists looked past the first acceleration in overall inflation in more than a year and saw signs that price pressures continued to moderate in July.

Prices moderated in July? Even though the inflation rate had been trending downward but is now increasing again?

Fresh inflation data offered the latest evidence that price increases were meaningfully cooling, good news for consumers and policymakers alike more than a year into the Federal Reserve’s campaign to slow the economy and wrestle cost increases back under control.

Wait…“price increases were meaningfully cooling” even though their pace of increase accelerated in July?

The Consumer Price Index climbed 3.2 percent in July from a year earlier, according to a report released on Thursday. That was the first acceleration in 13 months, and followed a 3 percent reading in June.

That is not what my household would describe as “meaningfully cooling.” We would describe it as “worsening.”

Economists were more keenly focused on another figure: the “core” inflation index, which strips out volatile food and fuel prices. That picked up by 4.7 percent from last July, down from 4.8 percent in June. And on a monthly basis, core inflation roughly matched an encouragingly low pace from the previous month.

So, if we exclude things like food and fuel, which are driving the rise in inflation, then there is another inflation rate that is even higher, but somehow that’s good news because that higher rate ticked down a fraction. My brain hurts trying to follow that logic. But the key point is, apparently, that so long as you forego food and fuel you may be seeing a decrease in the rate that prices are rising. Or something like that.

But then there is this amazing sentence in which the NY Times publishes a breathtaking lie, “inflation continued to show signs of seriously receding…”

The upshot was that inflation continued to show signs of seriously receding after two years of rapid price increases that have bedeviled policymakers and burdened shoppers — and the details of the July report offered positive hints for the future.

No, inflation did not recede, nor did it show signs of receding. The inflation rate increased! There is nothing in the inflation data that would indicate that it is receding at all.

Pravda just read this story and laughed at the NY Times’ desperate effort to spin the Party’s propaganda.

*****

Reporting financial results and economic data compared to “analyst expectations” instead of against prior-period performance is another form of media disinformation.

Iowahawk has an ongoing gag about crashing his pickup truck into liquor stores. To borrow that metaphor, here is how the media might report the “good news” about his monthly crashes: “There was good news last month, as Iowahawk only crashed his pickup truck into three liquor stores in July. This welcome news was a 25% improvement over the expectation of analysts, who predicted four such pickup truck / liquor store encounters. However, it was still a tick up from the two liquor stores he crashed into in June.”

Here is CNBC clownishly reporting the “good news” that rising inflation was less than analysts’ expectations.

”July CPI Report Shows Inflation Gauge Rose 3.2%, Less Than Expected” [CNBC – 8/10/2023]

The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy.

It took until the 11th paragraph to finally acknowledges that this is an increase in the inflation rate.

The annual rate for headline inflation, while below expectations, actually marked an increase from the 3% level in June.

Oh. But it beat “expectations.” So how is this impacting wage earners?

The comparatively tame inflation levels helped raise worker pay. Real wages increased 0.3% on the month and were up 1.1% from a year ago, the BLS said in a separate release.

What joyous news! What a non-sequitur!

“Tame inflation” helped raise worker pay? Yet year-over-year wages are up just 1.1% compared to a reported inflation rate that is triple the increase in wages.

Again, Pravda smiles in admiration at the US media.

*****

The prize for most dishonest headline, however, has to go to Yahoo. With inflation rising again, but with the lapdog media determined to report good economic news, Yahoo is just flat out lying here.

”America's Biggest Brands Rethink Price Hikes in Disinflation Era” (Yahoo – 8/11/2023]

The Disinflation Era?! What the heck is disinflation? It certainly sounds like a synonym for deflation, conveying the idea that prices are falling. I follow business and economic news, but I have never encountered that word before, so I looked it up. “Disinflation” is a (misleading) term for when prices are still increasing due to inflation, but the overall inflation rate is trending downward.

In other words, disinflation means that prices are still rising, but less rapidly than they were before, and dishonest economists and journalists use the word to give the impression that prices are decreasing when they’re not.

But even then, this is still a dishonest use by Yahoo of the misleading term “disinflation,” since the story acknowledges that the inflation rate increased from June to July.

*****

This final story isn’t about inflation, but it is another example in the past week of dishonest media trying to spin bad news for the politically favored as somehow being good news.

Electric vehicle manufacturer Rivian continues to lose tens of thousands of dollars per unit sold while hemorrhaging cash. It lost over a billion dollars in Q2 2023 alone, and its cash reserves dropped by $2 billion. It has barely a year’s worth of cash left at the rate it is being burned.

So how does the once-respectable business paper Barron’s report Rivian’s results?

”Rivian Earnings Impressed Wall Street; The Stock Is Falling Anyway” [Barron’s – 8/09/2023]

“Earnings” is an interesting word to describe a staggering loss, as is the term “impressed.” It would be fair to say that Rivian’s results have “impressed” my opinion about the EV business in much the same way that the Hindenburg “impressed” people about the viability of hydrogen airships.

Per the Wall Street Journal, Rivian lost $1.2 billion in Q2 2023 on sales of 12,640 units. That is a loss of about $95k per unit.

Gosh, why would the stock be falling in the face of such impressive “earnings”?

[buck.throckmorton at protonmail dot com]

Posted by: Buck Throckmorton at 11:00 AM

Comments

(Jump to bottom of comments)

1 1

Posted by: Skip at August 14, 2023 11:00 AM (H0hXt)

2 hiya

Posted by: JT at August 14, 2023 11:01 AM (T4tVD)

3 Dutifully called em

Posted by: Skip at August 14, 2023 11:01 AM (H0hXt)

4 And remember the FNM will tell you Bidenflation has only been something like 10% overall even though food prices are literally double what they were when Trump left office

Posted by: 18-1 at August 14, 2023 11:02 AM (lc5cP)

5 Is this a rant or a doctorate?

Posted by: Biden's Dog sniffs a whole lotta malarkey, at August 14, 2023 11:02 AM (adINt)

6 Well, they are launching another fake rally as we speak. I guess this is Biden's Back and In Charge rally. Jeebus, this country is so fucking stupid.

Posted by: Puddinhead at August 14, 2023 11:03 AM (4vi12)

7 Willowing avoidance:
----------
No dog. Not art.
-----------
He has at least three paintings with dogs, including one of George Washington's family.

Posted by: andycanuck (krqg6) at August 14, 2023 11:04 AM (krqg6)

8 Televisions are cheap. Eat a TV today!

Posted by: Bertram Cabot, Jr. at August 14, 2023 11:05 AM (63Dwl)

9 It's a good thing I'm getting two raises this year...

Looks like I'm gonna need 'em.

Posted by: "Perfessor" Squirrel at August 14, 2023 11:05 AM (YIVH2)

10 What stopping inflation actually means: Prices stay what they are now but stop increasing

What LIVs think stopping inflation means: Prices go back to Trump levels

What the government claims: 3% a MONTH is like no inflation. Or something. Rejoice! You've only lost half you wealth....so far.

Posted by: 18-1 at August 14, 2023 11:05 AM (lc5cP)

11 In the Bideneconomy your salary will go up 10%, they'll tell you inflation was 8% and you'll still only be able to buy half as month in the next year with those Bidenbux

Posted by: 18-1 at August 14, 2023 11:06 AM (lc5cP)

12 Mortgage rate 7+%.

Posted by: Braenyard at August 14, 2023 11:06 AM (AbYHm)

13 Is this a rant or a doctorate?
Posted by: Biden's Dog sniffs a whole lotta malarkey,

doctor ate ?

Muldoon's at lunch ?

Posted by: JT at August 14, 2023 11:06 AM (T4tVD)

14 Dis inflation! Dat inflation!

Posted by: andycanuck (krqg6) at August 14, 2023 11:07 AM (krqg6)

15 Mortgage rate 7+%.

Young LIVs: I can't afford a house. Interest rates are too high! That's why we need another government bail out for college loans!

Posted by: 18-1 at August 14, 2023 11:07 AM (lc5cP)

16 The media is the enemy of the people, as your summary do amply demonstrates, Buck. Lie after lie piled upon half truths and more lies of omission and commission…

Posted by: LinusVanPelt at August 14, 2023 11:07 AM (nNI2N)

17 Great rant, Buck.

Posted by: Inogame at August 14, 2023 11:08 AM (53oGX)

18 "Inflation Picks Up, but Details Under the Surface Are Encouraging"

She roofied me, stole my watch and credit cards, uploaded embarrassing pics of me to FB, and took a dump on my bed, but under the surface the date was encouraging!

Posted by: Elric Blade at August 14, 2023 11:08 AM (iFTx/)

19 What the media says has to be true, otherwise they get sued.

Posted by: LIV at August 14, 2023 11:08 AM (SYTee)

20 Our Soviet style propaganda outlets seriously need to DIAF.

Posted by: Martini Farmer at August 14, 2023 11:09 AM (Q4IgG)

21 My favorite was the report out last week on jobs. They reported +/- 180K jobs number as good news, didn't happen to mention that 585,000 full time jobs were lost last month alone.

The number of people holding 2 or more part time jobs is the highest in history.

Posted by: Thomas Paine at August 14, 2023 11:09 AM (lTGtQ)

22 Inflation?

Like with a penis pump?

Posted by: Urine-Soaked Hillary Clinton at August 14, 2023 11:09 AM (KFhLj)

23 lots of good content.

also, re: "That is a loss of about $95k per unit."

maybe that's what impressed economists? losing nearly 100k per unit and STILL in business after a year of doing so?

Posted by: SturmToddler at August 14, 2023 11:09 AM (KZaqS)

24 16 - Autocucumber sometimes makes me look moronic. I am a moron, after all…

Posted by: LinusVanPelt at August 14, 2023 11:09 AM (nNI2N)

25 That is not what my household would describe as “meaningfully cooling.” We would describe it as “worsening.”

But is is not as worsening as it was a year ago so it is less worsening, which is bettering.

Posted by: Ripley at August 14, 2023 11:09 AM (KrJTL)

26 A cabinet bigwig of Justin's said that Canadians should do things like cancel luxuries like the Disney+ Channel [!!] to fight inflation.

||Nov 7, 2022
Chrystia Freeland has a tip for families struggling with inflation. Canada's Finance Minister suggests they follow her example and cut their @DisneyPlus subscription.||

Posted by: andycanuck (krqg6) at August 14, 2023 11:10 AM (krqg6)

27 We're making it up on volume!

Posted by: Rivian at August 14, 2023 11:10 AM (7B5FA)

28 Unit #4 at Chernoble is showing encouraging signs of meaningful reductions in nuclear particle emissions.

April 30, 1986

Posted by: If The US Media Were Pravda at August 14, 2023 11:11 AM (4I/2K)

29 Convinced that the people writing this drek and their editors never grocery shop or drive their own cars. It's Door Dash and Uber all the way!

Posted by: Cheri at August 14, 2023 11:11 AM (oiNtH)

30 The chocolate ration has increased to 20 grams from 30 grams...rejoice citizens!

Posted by: The FNM at August 14, 2023 11:11 AM (lc5cP)

31 deez disinflation nutz

Posted by: That guy who always says... at August 14, 2023 11:11 AM (Xrfse)

32 She roofied me, stole my watch and credit cards, uploaded embarrassing pics of me to FB, and took a dump on my bed, but under the surface the date was encouraging!
Posted by: Elric Blade at August 14, 2023 11:08 AM (iFTx/)

so, you're dating Amber Heard?

Posted by: SturmToddler at August 14, 2023 11:12 AM (KZaqS)

33 Inflation?

Like with a penis pump?
Posted by: Urine-Soaked Hillary Clinton at August 14, 2023 11:09 AM (KFhLj)

It's not mine, baby.

Posted by: Austin Powers at August 14, 2023 11:12 AM (4I/2K)

34 I think the guy who says the government has suppressed evidence of aliens is a lot more believable than the government's official inflation rate, to say nothing of the media's spin on it.

Also, China has entered into a deflationary spiral. Hang onto your seats, it's going to be a bumpy ride.

Posted by: Archimedes at August 14, 2023 11:12 AM (eOEVl)

35 Tame inflation” helped raise worker pay?

Sheesh! This takes stupid to a whole new level.
And then I saw the term Disinflation.
Gawd I hate these people.

Posted by: Diogenes at August 14, 2023 11:12 AM (hv9bm)

36 Young LIVs: I can't afford a house. Interest rates are too high! That's why we need another government bail out for college loans!

Posted by: 18-1

Hell, people who OWN a home can't sell it, because they couldn't afford the new payment unless they have a whole lot of equity in the current home.

Posted by: Thomas Paine at August 14, 2023 11:12 AM (lTGtQ)

37 The Consumer Price Index climbed 3.2 percent in July from a year earlier, according to a report released on Thursday. That was the first acceleration in 13 months, and followed a 3 percent reading in June.
----------------------

Moderator said, I'm from Texas, this time last year my electric bill was $287. dollars, this year it's $867dollars.

Posted by: Braenyard at August 14, 2023 11:12 AM (AbYHm)

38 Chrystia Freeland has a tip for families struggling with inflation. Canada's Finance Minister suggests they follow her example and cut their @DisneyPlus subscription.||

Funny how the government solution to them taking more of your money is for you to stop buying things.

Posted by: 18-1 at August 14, 2023 11:12 AM (lc5cP)

39 We live in a world run by people who think that APPEARANCES are what are real and if they can create the appearance of what they want, then they have what they want.

It's cargo-cult thinking and our country has been increasingly gripped by it for over 60 years.

Posted by: Formerly Virginian at August 14, 2023 11:12 AM (zjgNU)

40 "Rivian lost $1.2 billion in Q2 2023 on sales of 12,640 units. That is a loss of about $95k per unit. Gosh, why would the stock be falling in the face of such impressive “earnings”?"

Oldest trick in the equity book: condition investors to expect an even bigger bloodbath than the Q actually is, so when you announce the results, investors are "impressed" that the company only lost 10 gallons of blood as opposed to the expected 8. But even the clueless Rivian investors aren't falling for that any more.

Posted by: Elric Blade at August 14, 2023 11:13 AM (iFTx/)

41 The initial shock of the massive inflation has worn off as people have adjusted to the 'new normal'. People still hate it, but have adjusted. That's how the crooks get away with it.

Posted by: davidt at August 14, 2023 11:13 AM (SYTee)

42 The only aliens the government is hiding are the ones crossing the border. And trust me you don't want their technology.

Posted by: 18-1 at August 14, 2023 11:13 AM (lc5cP)

43 You're not going to believe this, but normally, the Lefty sites would crow about economic news immediately, and how it validated the adults were back in charge, and Bidenomics works. I'm...not seeing ANY discussion on this latest news yet.

They must be low on coffee this morning, and a little behind. The cost of soy whip is getting out of hand! (or, uh...so I've heard)

Posted by: Intercepted DU Transmissions brought by the Intrepid AoS Liaison at August 14, 2023 11:13 AM (uZsmZ)

44
In other words, disinflation means that prices are still rising, but less rapidly than they were before, and dishonest economists and journalists use the word to give the impression that prices are decreasing when they’re not.

That sounds like Federal government budget "cuts".

Posted by: Bertram Cabot, Jr. at August 14, 2023 11:13 AM (63Dwl)

45 Convinced that the people writing this drek and their editors never grocery shop or drive their own cars. It's Door Dash and Uber all the way!
Posted by: Cheri at August 14, 2023 11:11 AM (oiNtH)

i know my step-dau in NYC is like this. her and her bf don't do a LOT of shopping, they they do amazon groceries often, or DD or UE.

i'm not shocked they are uninformed about pricing changes.

Posted by: SturmToddler at August 14, 2023 11:14 AM (KZaqS)

46 Rivian lost $1.2 billion in Q2 2023 on sales of 12,640 units. That is a loss of about $95k per unit.

That is ten percent of the MONTHLY sales volume on pickups from Ford or Chevrolet.

Posted by: Thomas Paine at August 14, 2023 11:14 AM (lTGtQ)

47 14 Dis inflation! Dat inflation!

Posted by: andycanuck (krqg6) at August 14, 2023 11:07 AM (krqg6)

So "disinformation" is actually...

Posted by: Grumpy and Recalcitrant at August 14, 2023 11:14 AM (qPw5n)

48 Rivian is a GREAT Investment! Buy Buy Boy!

Posted by: Jim Cramer at August 14, 2023 11:15 AM (PiwSw)

49 45 Convinced that the people writing this drek and their editors never grocery shop or drive their own cars. It's Door Dash and Uber all the way!
Posted by: Cheri at August 14, 2023 11:11 AM (oiNtH)
_______

They are living in their parents' basements and stumble up the staircase to raid the fridge for food

Posted by: Elric Blade at August 14, 2023 11:15 AM (iFTx/)

50 Wages have been stagnant or falling since 1974

Nicklefuckers gotta nicklefuck, I guess.

Posted by: Common Tater at August 14, 2023 11:15 AM (bz6bY)

51 The Shorter List will be of those in the media who are NOT deserving of a ride aboard Aero Pinochet.

Not to be forgotten to be ON such a Flight Manifest though? Let's not forget the myriad of Producers, News Directors, Editors and others not seen on camera or byline.

The talking heads on the TeeVee read naught but what those behind the scenes mavens cause to scroll down the Teleprompter.

Of equal importance, those are the same pukes who decide what News is omitted, blacked out and memory holed, never being relayed to We the People, in the first place.

Frankly, those types should all enjoy an extra thousand feet of altitude to better experience their rides.

Jim
Sunk New Dawn
Galveston, TX

Posted by: Jim at August 14, 2023 11:15 AM (e6UQI)

52 32 She roofied me, stole my watch and credit cards, uploaded embarrassing pics of me to FB, and took a dump on my bed, but under the surface the date was encouraging!
Posted by: Elric Blade at August 14, 2023 11:08 AM (iFTx/)

so, you're dating Amber Heard?
Posted by: SturmToddler at August 14, 2023 11:12 AM (KZaqS)
___________

Nah, more like friends with benefits. She's all outta whack on the hot-crazy matrix . . . .

Posted by: Elric Blade at August 14, 2023 11:16 AM (iFTx/)

53 When Volcker used the phrase "the cruelest tax," it wasn't a new idea. This was a marching chant at least since the sixties (for those under 29, yes inflation was discussed as high and 'runaway' back then -- they were not Good Old Days.)

A bunch of us said, as inflation ceased to be a factor for a few years after a gut-wrenching period of adjustment, that it would not take long for the mass of men to forget, and go wavering back to the flame. It is what people do, and one of the reasons governments are, supposedly, instituted among men. Not only can government not save you, but it has assumed a leading role. Nothing's foolproof, with big enough fools.

I saw scores of formerly prosperous retirees lose their houses, and then their rest-home leases, during the booming seventies. The pensions and SS that had defined them as solidly middle-income wasted away to nothingness. It will happen again.

Posted by: Way, Way Downriver at August 14, 2023 11:16 AM (4PZHB)

54 She roofied me, stole my watch and credit cards, uploaded embarrassing pics of me to FB, and took a dump on my bed, but under the surface the date was encouraging!
Posted by: Elric Blade

I was watching a video of some new hot comedian whose name I can't remember doing a show in Dallas. He asks his audience what the worst first date they ever had. There was a girl in her 20's who spoke up and said a guy took her to dinner at a very nice restaurant and then at the end, asked the waiter to split the check. She was horrified! The comedian then asks her, "Well, did you sleep with him that night?"......"Yes" she answered.

Posted by: Cheri at August 14, 2023 11:16 AM (oiNtH)

55 50 Wages have been stagnant or falling since 1974

Nicklefuckers gotta nicklefuck, I guess.
Posted by: Common Tater at August 14, 2023 11:15 AM (bz6bY)

What's this about Nickleback?

Posted by: Ron DeSantis at August 14, 2023 11:16 AM (KbCG3)

56 We live in a world run by people who think that APPEARANCES are what are real and if they can create the appearance of what they want, then they have what they want.

It's cargo-cult thinking and our country has been increasingly gripped by it for over 60 years.
Posted by: Formerly Virginian at August 14, 2023 11:12 AM (zjgNU)

It's subjectivism. You hear it a lot when people are talking about "your truth" or "my truth". Reality, to them, is internal and observer-dependent. It's magical thinking with the serial numbers filed off, it is, as you said, the cargo-cult mentality.

The same people will tell you that they "love science sexually", when the scientific method requires a universe that is external and objective in order to be valid. In a subjective universe, there's no reason why repeating the same experiment under the same conditions would yield the same result, because belief could alter the outcome.

Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:16 AM (gJKGU)

57 LOL, see tagline in nic for details ...

Posted by: sock_rat_eez - these lying liars have been lying for decades at August 14, 2023 11:17 AM (vbuLV)

58 i know my step-dau in NYC is like this. her and her bf don't do a LOT of shopping, they they do amazon groceries often, or DD or UE.

i'm not shocked they are uninformed about pricing changes.

When you consider that most denizens of NYC don't have a car, or if they do, there's no place to park it at the store, and it's extremely expensive to park it, you're probably better off financially paying DD or UE to deliver your groceries.

Posted by: Archimedes at August 14, 2023 11:17 AM (eOEVl)

59 It's Door Dash and Uber all the way!

****************

I used Door Dash once and it added $20 in fees/tips/markups to my Five Guys $15 burger.

Pass.

Posted by: The Unvaxxed and Unmasked Ranger - Longing to Lie in Zooey Deschanel's Bosom for Comfort at August 14, 2023 11:17 AM (VTu1l)

60 I tried door dash once. The delivery fee was more then the food cost. And that's before tip.

Posted by: 18-1 at August 14, 2023 11:17 AM (lc5cP)

61 50 Wages have been stagnant or falling since 1974

Nicklefuckers gotta nicklefuck, I guess.
Posted by: Common Tater at August 14, 2023 11:15 AM (bz6bY)

Govt workers around me (NH) are getting 5%+ raises now, and baked into their contracts going forward. I work 50+hrs a week and took on additional responsibilities this year and I'm told to be happy I got 3%.

Posted by: Our Country is Screwed at August 14, 2023 11:17 AM (N39Ws)

62 "50 Wages have been stagnant or falling since 1974"

Except during the Trump years when tightening immigration tightened the labor pool.

Posted by: davidt at August 14, 2023 11:18 AM (SYTee)

63 Funny how the government solution to them taking more of your money is for you to stop buying things.
Posted by: 18-1 at August 14, 2023 11:12 AM (lc5cP)
---
Cutting Disney+ isn't the worst idea I've ever heard.

Posted by: "Perfessor" Squirrel at August 14, 2023 11:18 AM (YIVH2)

64 Is disinflation anything like malinflation?

Posted by: Bertram Cabot, Jr. at August 14, 2023 11:19 AM (63Dwl)

65 When you consider that most denizens of NYC don't have a car, or if they do, there's no place to park it at the store, and it's extremely expensive to park it, you're probably better off financially paying DD or UE to deliver your groceries.

Posted by: Archimedes at August 14, 2023 11:17 AM (eOEVl)

These are the same a-holes who spent all of Covid wondering why everyone had such an issue with being locked inside forever.

"Just, like, get everything delivered. It's not like those people are even, like, real people."

Posted by: The Central Scrutinizer at August 14, 2023 11:19 AM (KbCG3)

66 Economists were more keenly focused on another figure: the “core” inflation index, which strips out volatile food and fuel prices. That picked up by 4.7 percent from last July, down from 4.8 percent in June. And on a monthly basis, core inflation roughly matched an encouragingly low pace from the previous month.
So, if we exclude things like food and fuel

Excuse please.
FOOD & FUEL ARE CORE INDICATORS.

Posted by: rickb223 at August 14, 2023 11:19 AM (nW4TA)

67 All is well!

Posted by: Chip Diller, US Economist at August 14, 2023 11:19 AM (4I/2K)

68 Govt workers around me (NH) are getting 5%+ raises now, and baked into their contracts going forward. I work 50+hrs a week and took on additional responsibilities this year and I'm told to be happy I got 3%.

Supposed inflation rate/year: 8%

Real Inflation Rate/year: 25%

So that 3% increase...isn't.

Posted by: 18-1 at August 14, 2023 11:19 AM (lc5cP)

69 Also, China has entered into a deflationary spiral. Hang onto your seats, it's going to be a bumpy ride.
-------------
We are into a Bear Market although no one says we are - so we aren't.

Posted by: Puddinhead at August 14, 2023 11:19 AM (DmtxH)

70 She roofied me, stole my watch and credit cards, uploaded embarrassing pics of me to FB, and took a dump on my bed, but under the surface the date was encouraging!
Posted by: Elric Blade at August 14, 2023 11:08 AM (iFTx/)

Amber - this you?
--Johnny Depp

Posted by: Our Country is Screwed at August 14, 2023 11:20 AM (N39Ws)

71 I laugh at my cow-orkers. Door Dash $25 burritos.

Posted by: Mr Aspirin Factory at August 14, 2023 11:20 AM (TZ75n)

72 I tried door dash once. The delivery fee was more then the food cost. And that's before tip.
Posted by: 18-1 at August 14, 2023 11:17 AM (lc5cP)

it's now gotten to the point that they flat out tell you to tip significantly to get your order picked up.

if you don't tip, drivers can and will refuse to take it.

which is why i haven't used either service in years.

Posted by: SturmToddler at August 14, 2023 11:20 AM (KZaqS)

73 "Not to worry, comrades -- the coming Great Grand Depression, collapse of the dollar, hyperinflation, and economic-societal collapse will be transitory!

Long Dignity Canalzzzz ..."

Posted by: ShainS -- Chief 'Misinformation' Researcher at AoSHQ at August 14, 2023 11:20 AM (ux8sM)

74 59 It's Door Dash and Uber all the way!

****************

I used Door Dash once and it added $20 in fees/tips/markups to my Five Guys $15 burger.

Pass.
Posted by: The Unvaxxed and Unmasked Ranger - Longing to Lie in Zooey Deschanel's Bosom for Comfort at August 14, 2023 11:17 AM (VTu1l)
_____________

I use Seamless and this fee and that fee and the other fee have risen dramatically since CV19. By design. It's nuts which I why I have basically told them to fuck off. I cook my own food unless I have a date or something. If you know which restaurants to order from, the vig actually ain't that bad. Some restaurants don't charge delivery fee and the service fee is only like $2.

Posted by: Elric Blade at August 14, 2023 11:20 AM (iFTx/)

75 Inflation does not exist in Bidenomics! It is caused by TRUMP!

Posted by: The Junta at August 14, 2023 11:20 AM (AMIL/)

76
These are the same a-holes who spent all of Covid wondering why everyone had such an issue with being locked inside forever.

In my areas it was the AWFLs in multi-dollar mansions "working" from home.

I can't imagine what life was like for someone in a tiny shitbox apartment in NYC during the worst of the lockdowns.

Posted by: 18-1 at August 14, 2023 11:21 AM (lc5cP)

77 In some ways the NYT and others are signaling to their readers that if you worry about putting food on the table or gas in your vehicle, then you're beneath their reporting.

The important people are discussing the real issues at hand, and if you're struggling, you should keep that to yourself.

Posted by: Grudge Harbor at August 14, 2023 11:21 AM (wBpKf)

78 i know my step-dau in NYC is like this. her and her bf don't do a LOT of shopping, they they do amazon groceries often, or DD or UE.

Sheep gotta get fleeced.

Posted by: rickb223 at August 14, 2023 11:21 AM (nW4TA)

79 3.2 Not great. Not terrible.

Posted by: Anatoly Dyatlov, US Gov't Economist at August 14, 2023 11:21 AM (4I/2K)

80 True Leftists are mentally unstable narcissists who will never admit that their political philosophy is self destructive.

They are also oxymorons in that they are low self esteem narcissists.

Posted by: polynikes at August 14, 2023 11:21 AM (Srp34)

81 Economists were more keenly focused on another figure: the “core” inflation index, which strips out volatile food and fuel prices. That picked up by 4.7 percent from last July, down from 4.8 percent in June. And on a monthly basis, core inflation roughly matched an encouragingly low pace from the previous month.
So, if we exclude things like food and fuel

Excuse please.
FOOD & FUEL ARE CORE INDICATORS.
Posted by: rickb223 at August 14, 2023 11:19 AM (nW4TA)
---
Yeah, that seems stupid to me as well. Food and fuel are necessary for life, or at least the life we currently lead. "Energy" would be a better term for fuel as that's what we're really discussing.

Posted by: "Perfessor" Squirrel at August 14, 2023 11:22 AM (YIVH2)

82 We are damn lucky they increased the chocolate ration.......

Posted by: Mister Scott (Formerly GWS) at August 14, 2023 11:22 AM (QNSds)

83 76
These are the same a-holes who spent all of Covid wondering why everyone had such an issue with being locked inside forever.

In my areas it was the AWFLs in multi-dollar mansions "working" from home.

I can't imagine what life was like for someone in a tiny shitbox apartment in NYC during the worst of the lockdowns.
Posted by: 18-1 at August 14, 2023 11:21 AM (lc5cP)

I would imagine that those who can stand living trapped like rats on top of each other even in the best of times didn't really mind it.

Posted by: The Central Scrutinizer at August 14, 2023 11:22 AM (KbCG3)

84 Thanks Buck !

Posted by: JT at August 14, 2023 11:22 AM (T4tVD)

85 Except during the Trump years when tightening immigration tightened the labor pool.

Posted by: davidt at August 14, 2023 11:18 AM (SYTee)

Most people don't grok just how badly expanding the labor pool against a fairly static demand distorts the labor market.

The uneducated and superficial will just go "they're taking the jobs Americans don't want!"

What happens when you oversupply the low end of the job market is that you create pressure for people who are being undercut by cheaper labor to seek other work. Adjacent sectors get distorted by an influx of new workers trying to escape excess competition. Workers in those sectors are now squeezed, and seek retraining to move up to higher levels.

Dislocations in any sector will affect every sector.

Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:22 AM (gJKGU)

86 I can't imagine what life was like for someone in a tiny shitbox apartment in NYC during the worst of the lockdowns.

My daughter just said screw it and came back home. She had lots of company.

Posted by: Archimedes at August 14, 2023 11:22 AM (eOEVl)

87 which is why i haven't used either service in years.

***********

Instacart marks up prices before you even order anything, so say a bag of chips is $2.99 at the store, it's $3.99 on Instacart, and you don't get any sale price either or you have to rely on the driver swiping their own discount card.

Then they charge a delivery fee where even if you opt to subscribe to their yearly subscription merely REDUCES the fee but doesnt eliminate it (or at least last I saw).

Then the tip of course.

Posted by: The Unvaxxed and Unmasked Ranger - Longing to Lie in Zooey Deschanel's Bosom for Comfort at August 14, 2023 11:22 AM (VTu1l)

88 54 She roofied me, stole my watch and credit cards, uploaded embarrassing pics of me to FB, and took a dump on my bed, but under the surface the date was encouraging!
Posted by: Elric Blade

I was watching a video of some new hot comedian whose name I can't remember doing a show in Dallas. He asks his audience what the worst first date they ever had. There was a girl in her 20's who spoke up and said a guy took her to dinner at a very nice restaurant and then at the end, asked the waiter to split the check. She was horrified! The comedian then asks her, "Well, did you sleep with him that night?"......"Yes" she answered.
Posted by: Cheri at August 14, 2023 11:16 AM (oiNtH)
__________

LOLOLOL. She is probably used to going on dates to White Castle. So a really nice place, even if she's splitting the check, is a substantial upgrade to her . . . .

Posted by: Elric Blade at August 14, 2023 11:22 AM (iFTx/)

89 For DD to be more affordable, you need to get Dash pass which is a subscription service every month. Free delivery on orders over $12 and you can cancel at any time.

Posted by: Cheri at August 14, 2023 11:23 AM (oiNtH)

90 Jeebus, this country is so fucking stupid.

I'll have you know, young man, that fvcking is not Stupid's middle name! You're lucky this is not Sunday! You'd get shivved.

Posted by: Way, Way Downriver at August 14, 2023 11:23 AM (4PZHB)

91 "I can't imagine what life was like for someone in a tiny shitbox apartment in NYC during the worst of the lockdowns.

Posted by: 18-1"

They had all those opera singers to brighten their days. (Until some vigilantes took them out.)

Posted by: Ripley at August 14, 2023 11:23 AM (KrJTL)

92 Door Dash won't exist in 12 months. Their model is unsustainable in this environment. Actually, their model only works during a lockdown while the government is shoveling printed money at people with a front end loader.

Posted by: Thomas Paine at August 14, 2023 11:24 AM (lTGtQ)

93 These are the same a-holes who spent all of Covid wondering why everyone had such an issue with being locked inside forever.

"Just, like, get everything delivered. It's not like those people are even, like, real people."
Posted by: The Central Scrutinizer at August 14, 2023 11:19 AM (KbCG3)
---
Can we lock them in next time and weld the doors shut? Maybe a slot for their daily ration of gruel.

Posted by: "Perfessor" Squirrel at August 14, 2023 11:24 AM (YIVH2)

94 How is Commercial Real Estate doing in NYC these days? It would be ashame if nobody bothered to return but chose to work remotely for another couple of years. This would be really bad or something.

Posted by: Puddinhead at August 14, 2023 11:24 AM (DmtxH)

95 Yeah, that seems stupid to me as well. Food and fuel are necessary for life, or at least the life we currently lead. "Energy" would be a better term for fuel as that's what we're really discussing.
Posted by: "Perfessor" Squirrel at August 14, 2023 11:22 AM (YIVH2)

Excluding the "volatiles" is and has always been a method of trying to game the inflation indexes to produce more favorable numbers. Most of the volatility is in one direction.

If all you're tracking is the price of an imported Chinese t-shirt, the index will be stable but meaningless.

Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:24 AM (gJKGU)

96 And remember, one of the things the Obama Administration weaponized was governmental economic statistics.

If a Democrat is President, the economic statistics initially reported are good, and then are quietly revised downwards a month or two later.

The errors only go in one direction, amazingly.

Posted by: The ARC of History! at August 14, 2023 11:25 AM (2tUFv)

97 Wages have been stagnant or falling since 1974
---
Wages have barely increased, adjusted for inflation.
But housing has nearly trippled.

But then, can you buy a nice stick-built 2 bed, 1 bath anymore?
Will consumers buy a "poor person's" house that small?
Why should a builder build that when the bank is happy to loan you more than you can afford and keep you in debt your whole natural life?

Posted by: People's Hippo Voice at August 14, 2023 11:25 AM (FGJND)

98 The same people will tell you that they "love science sexually", when the scientific method requires a universe that is external and objective in order to be valid. In a subjective universe, there's no reason why repeating the same experiment under the same conditions would yield the same result, because belief could alter the outcome.
Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:16 AM (gJKGU)

So you're saying that if I live in an objective universe I just can't believe in myself enough to become a god? That's just krazy!

Posted by: mrp at August 14, 2023 11:25 AM (rj6Yv)

99 Excuse please.
FOOD & FUEL ARE CORE INDICATORS.
Posted by: rickb223 at August 14, 2023 11:19 AM (nW4TA)
---
Yeah, that seems stupid to me as well. Food and fuel are necessary for life, or at least the life we currently lead. "Energy" would be a better term for fuel as that's what we're really discussing.

Posted by: "Perfessor" Squirrel at August 14, 2023 11:22 AM

The government has redefined the formula they use to calculate inflation at least three times in the last 30 years. The fed has changed the contents of the basket of goods they use to calculate inflation so many times it is worthless as an inflation calculating tool.

If we went back to the 1970s formula we would be seeing 15-18% annual inflation.

Posted by: Mister Scott (Formerly GWS) at August 14, 2023 11:25 AM (QNSds)

100 I can't imagine what life was like for someone in a tiny shitbox apartment in NYC during the worst of the lockdowns.
Posted by: 18-1

Same as it was before.

Posted by: rickb223 at August 14, 2023 11:25 AM (nW4TA)

101 How is Commercial Real Estate doing in NYC these days? It would be ashame if nobody bothered to return but chose to work remotely for another couple of years. This would be really bad or something.

I don't know about commercial, but apparently residential has rebounded nicely.

Posted by: Archimedes at August 14, 2023 11:25 AM (eOEVl)

102 I got news for you.

Nominal number increases in wages do not equal an actual wage increase.

Wages have been falling or stagnant since the dollar was allowed to “float”. It is untethered to anything, except to the fevered imaginations of functional retards in Washington.

There have been no “balanced budgets” or “surpluses” in government finances since 1958. They are now in the hole 30 trillion, the only question is how much longer they can make the monthly nut on interest payments.

Posted by: Common Tater at August 14, 2023 11:25 AM (bz6bY)

103 If you know which restaurants to order from, the vig actually ain't that bad. Some restaurants don't charge delivery fee and the service fee is only like $2.

***************

I generally just get up and pick it up myself, thankfully I live in a compact area so pretty much anything I want is 10 minutes away

Posted by: The Unvaxxed and Unmasked Ranger - Longing to Lie in Zooey Deschanel's Bosom for Comfort at August 14, 2023 11:25 AM (VTu1l)

104 somehow I rather doubt that we even have dd or ue out here among the cows & corn, lol

Posted by: sock_rat_eez - these lying liars have been lying for decades at August 14, 2023 11:26 AM (vbuLV)

105 Prices moderated in July? Even though the inflation rate had been trending downward but is now increasing again?
++++
Sure, as compared to July of last year! Failing that, then we can pick whatever baseline we wish. How about the late 70s?

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:26 AM (WkNQM)

106 Want my comment on Hawaii?

I'll win it by 20.

LOL

Posted by: Biden at August 14, 2023 11:26 AM (pHPwR)

107 LOL.

MFM: Far-right Javier Milei emerges as biggest vote getter in Argentina's primary elections ahead of general election.

ZeroHedge:
zerohedge @zerohedge 24 minutes
Argentina Devalues Peso, Hikes Rates After Libertarian Outsider's Shock Win In Presidential Primary

Posted by: andycanuck (krqg6) at August 14, 2023 11:26 AM (krqg6)

108 That is not what my household would describe as “meaningfully cooling.” We would describe it as “worsening.”
++++
Yeah, but you're a counterrevolutionary running dog enemy of the people...

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:26 AM (WkNQM)

109 I can't imagine what life was like for someone in a tiny shitbox apartment in NYC during the worst of the lockdowns.
Posted by: 18-1

Alcohol abuse skyrocketed especially among women. That's a hard one to turn off when lockdowns ended.

Posted by: Cheri at August 14, 2023 11:26 AM (oiNtH)

110 BAD NEWS FOOD INFLATION IS 4.3% MONTH TO MONTH.

GOOD NEWS IS YOU CAN STILL GET FOOD.

Don't look food horse in mouth comrades. Food like dark humor not all comrades get it.

Posted by: Jukin the Deplorable a Clear and Present Danger at August 14, 2023 11:27 AM (17s+e)

111 If all you're tracking is the price of an imported Chinese t-shirt, the index will be stable but meaningless.

The price of bauxite is quite stable. It and graphite comprise most of the CPI now.

Posted by: Archimedes at August 14, 2023 11:27 AM (eOEVl)

112 There have been no “balanced budgets” or “surpluses” in government finances since 1958. They are now in the hole 30 trillion, the only question is how much longer they can make the monthly nut on interest payments.
Posted by: Common Tater at August 14, 2023 11:25 AM (bz6bY)

They'll just print more money and devalue the debt (and everybody's wages at the same time).

The dumb shits think they've found an infinite wealth machine, but all it does is make everybody go broke.

Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:27 AM (gJKGU)

113 Zelensky Fires Military Officials, Alleging Corruption, Bribery, & Treason

-
Is this a mote in his brother's eye /beam in his own thing?

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at August 14, 2023 11:27 AM (FVME7)

114 The media would proclaim that it was good that the blood loss to a gunshot wound was slowing down. What they wouldn't tell you is that it's because the patient is almost out of blood.

Posted by: Minnfidel at August 14, 2023 11:27 AM (GwxCX)

115 If all you're tracking is the price of an imported Chinese t-shirt, the index will be stable but meaningless.
------------
A Chinese Tee Shirt won't even hold together to wash a car. The thread count in those things are like Kleenex.

Posted by: Puddinhead at August 14, 2023 11:27 AM (DmtxH)

116 Byron York
@ByronYork
WP editorial on Hunter Biden plea agreement: 'Initially appearing reasonable, the deal turned out to include peculiar details suggesting critics might have been justified to suspect that Mr. Biden was being given special treatment.'

-
Ya think?

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at August 14, 2023 11:27 AM (FVME7)

117 Reporting financial results and economic data compared to “analyst expectations” instead of against prior-period performance is another form of media disinformation.
++++
"Beat the Street" == "Wild, unbelievable success."

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:27 AM (WkNQM)

118 Wages have been falling or stagnant since the dollar was allowed to “float”. It is untethered to anything, except to the fevered imaginations of ~~functional~~ demented retards in Washington.

Posted by: Common Tater at August 14, 2023 11:25 AM (bz6bY)
---
FIFY...I question just how "functional" they really are.

Posted by: "Perfessor" Squirrel at August 14, 2023 11:27 AM (YIVH2)

119 The government claims inflation is around 3% even though it doesn't use the same calculation that it used in the 1970s. If the government were to use the old version, inflation would be around 15%, if I remember correctly what ShadowStatistics has been reporting

Posted by: Sasquatch, the Original Trans-Wookie at August 14, 2023 11:28 AM (xxG/v)

120 Justin Sink
@justinsink
After a couple hours on the Rehoboth beach, @potus was asked about the rising death toll in Hawaii
“No comment,” he said before heading home

-
I guess he has to wait to see how the fire plays in the polls.

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at August 14, 2023 11:28 AM (FVME7)

121 Door Dash won't exist in 12 months. Their model is unsustainable in this environment.

Particularly since a number of blue cities are demanding that these companies substantially raise compensation for drivers.

Minneapolis is demanding that Uber and Lyft raise their compensation enough that would roughly double the fares.

That will work well.

Posted by: The ARC of History! at August 14, 2023 11:28 AM (2tUFv)

122 I generally just get up and pick it up myself, thankfully I live in a compact area so pretty much anything I want is 10 minutes away
Posted by: The Unvaxxed and Unmasked Ranger - Longing to Lie in Zooey Deschanel's Bosom for Comfort at August 14, 2023 11:25 AM (VTu1l)

Good, good. Most excellent! *rubs hands with evil glee*

Posted by: WEF 15 Minute City Project Director at August 14, 2023 11:28 AM (4I/2K)

123 Food and fuel are left out of the “core” rate, but you are also missing another huge factor.

Real estate. Houses.

Guess what? They don’t count home prices either. They use a formula called “imputed rent” or some jiggery-pokery like that.

Everything is fake, and gay.
Everything is an op

Posted by: Common Tater at August 14, 2023 11:28 AM (bz6bY)

124 I used 2% fewer kilowatts this July than last but paid more. The utility's app identified the culprit in my rising bill: the taxes/fees/other part of the pie.

Same for the water/sewer bill.

Options for lowering my bill: none.

Posted by: NaughtyPine at August 14, 2023 11:29 AM (yKPAy)

125 Posted by: andycanuck (krqg6) at August 14, 2023 11:26 AM (krqg6)

Milei has made noises about closing Argentina's central bank and putting the country on the US Dollar as a means of fighting inflation.

As bad as our inflation is, it has nothing on Argentina's 100%+ levels.

The global political establishment will try to destroy him.

Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:29 AM (gJKGU)

126 Clearly, we need to go long Ramen Noodles.

Posted by: Puddinhead at August 14, 2023 11:29 AM (DmtxH)

127 18 What does “roofied” mean?

Posted by: Bulgaroctonus at August 14, 2023 11:29 AM (xTRSc)

128 The comparatively tame inflation levels helped raise worker pay. Real wages increased 0.3% on the month and were up 1.1% from a year ago, the BLS said in a separate release.
++++
Yup. This is giving a ton of heartburn to a ton of managers and executives at my company. Only the top 10% of employees are getting raises at 5% or higher. The middle of the pack or those who will put up with it are betting 2.5% to 3%. The rest get nothing. No raises.

But only the top performers - the people on whom the managers know their divisions depend - are getting enough to tread water in relative terms. Nobody at all is getting an actual raise.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:29 AM (WkNQM)

129 20 Our Soviet style propaganda outlets seriously need to DIAF.

I hope I'm somewhere where I can watch them roast.

Posted by: Dr. Claw at August 14, 2023 11:30 AM (VNGpB)

130
MFM: Far-right Javier Milei emerges as biggest vote getter in Argentina's primary elections ahead of general election.

ZeroHedge:
zerohedge @zerohedge 24 minutes
Argentina Devalues Peso, Hikes Rates After Libertarian Outsider's Shock Win In Presidential Primary

Posted by: andycanuck

The voters must be punished for making the wrong choice.

Posted by: Thomas Paine at August 14, 2023 11:30 AM (lTGtQ)

131 Instacart marks up prices before you even order anything, so say a bag of chips is $2.99 at the store, it's $3.99 on Instacart, and you don't get any sale price either or you have to rely on the driver swiping their own discount card.

Then they charge a delivery fee where even if you opt to subscribe to their yearly subscription merely REDUCES the fee but doesnt eliminate it (or at least last I saw).

Then the tip of course.
Posted by: The Unvaxxed and Unmasked Ranger

Whomever thought that ADDING another middleman would lower prices is nuts.

Posted by: rickb223 at August 14, 2023 11:30 AM (nW4TA)

132 My favorite stat remains that, in the 50's some 40% of homes had a garden to provide the majority of their vegetables.

Once established, it's less than 8 hours a week to grow all the vegetables you need a year.

Posted by: People's Hippo Voice at August 14, 2023 11:30 AM (FGJND)

133 Zelensky Fires Military Officials, Alleging Corruption, Bribery, & Treason

Demands from his NATO masters, plus increasing pressure on Ukraine's manpower.

Men 18-60 have been forbidden from leaving Ukraine without permission (i.e. bribes) since the start of the war. That is now being extended to 16 and 17-year-olds.

Posted by: The ARC of History! at August 14, 2023 11:30 AM (2tUFv)

134 Only one way to combat this transitory inflation that we have had since my junta took over, SPEND MORE MONEY.

Bidenomics is working baby!!

Posted by: Joe Biden at August 14, 2023 11:31 AM (17s+e)

135 A cabinet bigwig of Justin's said that Canadians should do things like cancel luxuries like the Disney+ Channel [!!] to fight inflation.

Freeland isn't just a bigwig, she's Castreau's WEF handler.

Posted by: Ian S. at August 14, 2023 11:31 AM (2ocoG)

136 Milei has made noises about closing Argentina's central bank and putting the country on the US Dollar as a means of fighting inflation.

What? They didn't choose the Chinese / Russian / Saudi / *checks notes* South African basket?

Posted by: Archimedes at August 14, 2023 11:31 AM (eOEVl)

137 My brain hurts trying to follow that logic.

---------

Lefty useless idiots in the MDM-MSM (BIRM) are gaslit-countering more and more overwhelming data that we're experiencing large spikes in excessive deaths since the jabs rolled out -- and in many cases mandated to work, travel, receive healthcare, etc. -- with this idiocy:

"We have always ~~been at war with Eastasia~~ had excessive deaths, h8rs!"

Posted by: ShainS -- Chief 'Misinformation' Researcher at AoSHQ at August 14, 2023 11:31 AM (+GUcx)

138 Wages have been falling or stagnant since the dollar was allowed to “float”. It is untethered to anything, except to the fevered imaginations of functional demented retards in Washington.

Posted by: Common Tater at August 14, 2023 11:25 AM (bz6bY)
---
FIFY...I question just how "functional" they really are.
Posted by: "Perfessor" Squirrel at August 14, 2023 11:27 AM (YIVH2)

We object!

Posted by: Senators Feinstein, McConnell, Fetterman, and Durbin at August 14, 2023 11:31 AM (4I/2K)

139 101 How is Commercial Real Estate doing in NYC these days? It would be ashame if nobody bothered to return but chose to work remotely for another couple of years. This would be really bad or something.

I don't know about commercial, but apparently residential has rebounded nicely.
Posted by: Archimedes at August 14, 2023 11:25 AM (eOEVl)
_____________

Residential rents are at all-time highs. Residential sale prices have bounced back but are still off their highs due to mortgage rates being so high. A lot of potential buyers are just sitting and waiting, hoping the rates will go down.

Posted by: Elric Blade at August 14, 2023 11:31 AM (iFTx/)

140 18 What does “roofied” mean?
Posted by: Bulgaroctonus at August 14, 2023 11:29 AM

A Really fun night!

Posted by: Pete Bootyjudge at August 14, 2023 11:32 AM (GwxCX)

141 127 18 What does “roofied” mean?
----------------
When you tie the family dog or grandma to the top of your car's roof while traveling to Disneyland.

Posted by: Puddinhead at August 14, 2023 11:32 AM (DmtxH)

142 I saw a story over the weekend that Canada is allowing people with variable rate mortgages to lock in their payment amounts, so then the excess interest is added to the balance. So, when the interest rate on the loan goes to 7% from 3%? Say hello to mortgages that last longer than a lifetime.

Posted by: Thomas Paine at August 14, 2023 11:32 AM (lTGtQ)

143 The Disinflation Era?! What the heck is disinflation? It certainly sounds like a synonym for deflation, conveying the idea that prices are falling. I follow business and economic news, but I have never encountered that word before, so I looked it up. “Disinflation” is a (misleading) term for when prices are still increasing due to inflation, but the overall inflation rate is trending downward.
++++
Not exactly. Deflation is a reduction in price levels or monetary base (depending on which school of economics you favor). Inflation is an increase in price levels or monetary base (same dependency). Some schools also include credit emission in the idea, some do not.

"Disinflation" is different, and is a word that does not need to exist. Disinflation is a reduction in the rate of inflation, and is not necessarily deflationary. If the rate of inflation moves from 5% to 3%, for example, there is a "disinflationary trend." This is often deemed to be worrisome to economists could disinflation in a low-inflation environment could result in crossing the threshold into deflation.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:32 AM (WkNQM)

144 What does “roofied” mean?

"Roofies" are the date rape drug, as used by Bill Cosby. You can follow the derivation from there.

Posted by: Ian S. at August 14, 2023 11:33 AM (2ocoG)

145 If all you're tracking is the price of an imported Chinese t-shirt, the index will be stable but meaningless.

Cheap chinese shirts have been getting thinner and thinner. Hell, I bought one recently that was like wearing mesh.

But even then the prices has still gone up. They haven't doubled like food, but they are up maybe 50% since Trump left office.

Posted by: 18-1 at August 14, 2023 11:33 AM (lc5cP)

146 MFM: Far-right Javier Milei emerges as biggest vote getter in Argentina's primary elections ahead of general election

Has the MFM ever labeled anyone as far left?

Posted by: That Northernlurker what lurkd at August 14, 2023 11:33 AM (HfNu5)

147 Alcohol abuse skyrocketed

Silly wymynz. You're not supposed to light it.
--Mel Brooks' Two Thousand Year Old Man

Posted by: Way, Way Downriver at August 14, 2023 11:33 AM (4PZHB)

148 "Disinflation" is different, and is a word that does not need to exist. Disinflation is a reduction in the rate of inflation, and is not necessarily deflationary. If the rate of inflation moves from 5% to 3%, for example, there is a "disinflationary trend." This is often deemed to be worrisome to economists could disinflation in a low-inflation environment could result in crossing the threshold into deflation.

Missinflation is what you see on many OnlyFans sites.

Posted by: Archimedes at August 14, 2023 11:34 AM (eOEVl)

149 142 I saw a story over the weekend that Canada is allowing people with variable rate mortgages to lock in their payment amounts, so then the excess interest is added to the balance. So, when the interest rate on the loan goes to 7% from 3%? Say hello to mortgages that last longer than a lifetime.

I saw it too! "Infinity Mortgages" - wow. I always forget the 30-yr-fixed is really only a USA thing

Posted by: BlackOrchid at August 14, 2023 11:34 AM (AcWfM)

150 What does “roofied” mean?

One heckuva night in Las Vegas. And pictures, eh Stu?

Posted by: Alan at August 14, 2023 11:35 AM (4I/2K)

151 116 Byron York
@ByronYork
WP editorial on Hunter Biden plea agreement: 'Initially appearing reasonable, the deal turned out ~~to include peculiar details suggesting critics might have been justified to suspect~~ that Mr. Biden was being given special treatment.'

Byron, FIFY.

Posted by: I am the Shadout Mapes, the Housekeeper at August 14, 2023 11:35 AM (PiwSw)

152 Joyful News of Glorious Uptick in Inflation for Benefit of Grateful Citizens

Borat lives! I love this formulation.

Posted by: t-bird at August 14, 2023 11:35 AM (CaJIi)

153 Two Princeton, MIT Scientists Say EPA Climate Regulations Are Based on a Hoax

-
Then they fell out of the window.

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at August 14, 2023 11:36 AM (FVME7)

154 "So how does the once-respectable business paper Barron’s report Rivian’s results?

”Rivian Earnings Impressed Wall Street; The Stock Is Falling Anyway” [Barron’s – 8/09/2023]"

Barron's is now a garbage publication, just like all of Murdoch's properties. I subscribed to them for years, and I pulled the plug on the payments last month. They are nothing but Biden cheerleaders - frankly, just like the rest of the financial press these days. They are only good to know what the conventional wisdom is, so you can take the other side of that trade.

I'm short RIVN; I've got puts out on them. The good news is that this Barron's headline gives me new conviction that I'm doing the right thing.

Posted by: Darrell Harris at August 14, 2023 11:36 AM (wMrni)

155 Residential rents are at all-time highs. Residential sale prices have bounced back but are still off their highs due to mortgage rates being so high. A lot of potential buyers are just sitting and waiting, hoping the rates will go down.
Posted by: Elric Blade at August 14, 2023 11:31 AM (iFTx/)

Real estate has bubbled worse than 2008. Prices zoomed off into the stratosphere, wages didn't. There's not a lot of buyers out there because nobody can afford these insane prices.

Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:36 AM (gJKGU)

156 "Showed signs of receding" just like Hunter's laptop "had all the earmarks of Russian disinformation."

Posted by: blaster at August 14, 2023 11:36 AM (Jk9SN)

157 Cheap chinese shirts have been getting thinner and thinner. Hell, I bought one recently that was like wearing mesh.

But even then the prices has still gone up. They haven't doubled like food, but they are up maybe 50% since Trump left office.

This is what happens when deflation occurs, as in China. The prices of the inputs are going up, while the amount the manufacturer gets for the finished product goes down. This obviously reduces profits, so they have to skimp where they can.

Posted by: Archimedes at August 14, 2023 11:36 AM (eOEVl)

158 If all you're tracking is the price of an imported Chinese t-shirt, the index will be stable but meaningless.

Cheap chinese shirts have been getting thinner and thinner. Hell, I bought one recently that was like wearing mesh.

But even then the prices has still gone up. They haven't doubled like food, but they are up maybe 50% since Trump left office.
Posted by: 18-1 at August 14, 2023 11:33 AM (lc5cP)

Are you too sexy for your shirt? Get on up there on the catwalk and let's see.

Posted by: Right Said Fred at August 14, 2023 11:36 AM (4I/2K)

159 God I miss low gas prices
This $5 a gallon shit is fucking awful.

Posted by: Mark Andrew Edwards, buy ammo, food, water at August 14, 2023 11:36 AM (xcxpd)

160 What does “roofied” mean?

My son has been in town.

Posted by: Joe Biden at August 14, 2023 11:36 AM (17s+e)

161 116 Byron York
@ByronYork
WP editorial on Hunter Biden plea agreement: 'Initially appearing reasonable

Reasonable? Yea, if you're Hunter Biden it seemed that way. If it were any of us regular morons we'd NEVER get that deal. Farq off Byron.

Posted by: Minnfidel at August 14, 2023 11:36 AM (GwxCX)

162 127 18 What does “roofied” mean?
Posted by: Bulgaroctonus at August 14, 2023 11:29 AM (xTRSc)
____________

A "roofie" is slang for a drug that makes someone very pliable to almost anything. Usually GHB, ketamine, or rohypnol. They are used by bad guys as "date rape drugs," but also increasingly by women out to scam and steal from guys. Lots of stories in the news about how some dumb guy met some girl at a club, took her home, she roofied him, and then stole all his shit -- usually in concert with someone else.

Posted by: Elric Blade at August 14, 2023 11:37 AM (iFTx/)

163 So in short, disinflation is misinformation.

Nice and slogany. Feel free to use it.

Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:37 AM (gJKGU)

164 Trump History @Trump_History45 22h
Donald Trump teaches a young Michael Jackson how to dance - 1964.

https://tinyurl.com/4jzzahk9
[photo... shop]

Posted by: andycanuck (krqg6) at August 14, 2023 11:38 AM (krqg6)

165
Once established, it's less than 8 hours a week to grow all the vegetables you need a year.

Well...look at the numbers on that. Americans make on average about $1000 a week - so if you need to spend 8h/week on a veggie garden that's the equivalent of $200/week. At my grocery store I can get a week's worth for $10-20.

Posted by: 18-1 at August 14, 2023 11:38 AM (lc5cP)

166 A "roofie" is slang for a drug that makes someone very pliable to almost anything. Usually GHB, ketamine, or rohypnol. They are used by bad guys as "date rape drugs," but also increasingly by women out to scam and steal from guys. Lots of stories in the news about how some dumb guy met some girl at a club, took her home, she roofied him, and then stole all his shit -- usually in concert with someone else.

Posted by: Elric Blade
==

Your knowledge is pretty specific.

Posted by: Jukin the Deplorable a Clear and Present Danger at August 14, 2023 11:38 AM (17s+e)

167 It can be lunch time

Posted by: Skip at August 14, 2023 11:38 AM (H0hXt)

168 Reasonable? Yea, if you're Hunter Biden it seemed that way. If it were any of us regular morons we'd NEVER get that deal. Farq off Byron.

BY is pretty good by the debased standards of today's media.

Posted by: Archimedes at August 14, 2023 11:38 AM (eOEVl)

169 Once established, it's less than 8 hours a week to grow all the vegetables you need a year.

As long as you REALLY like zucchini.

Posted by: blaster at August 14, 2023 11:39 AM (Jk9SN)

170 Electric vehicle manufacturer Rivian continues to lose tens of thousands of dollars per unit sold while hemorrhaging cash. It lost over a billion dollars in Q2 2023 alone, and its cash reserves dropped by $2 billion. It has barely a year’s worth of cash left at the rate it is being burned.
++++
A billion dollars, converted into cash, would be 10 million $100 bills.

There is somewhere in the neighborhood of 12 BTUs per bill. So converted to fuel, that billion dollars represents about 120 million BTUs of heat potential. That's about 35,168,528. That's about 35.2 kilowatts. If the money was simply shoveled into a furnace, it could produce about enough to power the average American home for more than an entire day.

And would be a better use of the money.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:39 AM (WkNQM)

171 Withdrawing from the fed-controlled economy sure seems attractive to me. But of course, it would be more complicated than I imagine. But just think how nice it would be to freely exchange goods and services among consenting providers and consumers.

Posted by: Emmie at August 14, 2023 11:39 AM (BqonO)

172 "At my grocery store I can get a week's worth for $10-20.
"

They are working on changing that.

Posted by: Minnfidel at August 14, 2023 11:39 AM (GwxCX)

173 There was a girl in her 20's who spoke up and said a guy took her to dinner at a very nice restaurant and then at the end, asked the waiter to split the check. She was horrified! The comedian then asks her, "Well, did you sleep with him that night?"......"Yes" she answered.

Saw a similar clip where a comedian asked a couple how long they'd been together. The woman said "he's just a friend". The comedian pried out that he's "just a friend" who pays for everything for her and she's not sleeping with him. He said "since he's just a friend, maybe he'd like to sit with her (points to significantly hotter woman sitting by herself)". The guy got up and moved, and the woman he was originally with looked like she was gonna rush the stage. LOL.

Posted by: Ian S. at August 14, 2023 11:39 AM (2ocoG)

174 Congratulations Comrade!
The gasoline prices have been lowered from $4 to $5.

Posted by: Roland THTG at August 14, 2023 11:39 AM (cl+Gq)

175 149 142 I saw a story over the weekend that Canada is allowing people with variable rate mortgages to lock in their payment amounts, so then the excess interest is added to the balance. So, when the interest rate on the loan goes to 7% from 3%? Say hello to mortgages that last longer than a lifetime.

I saw it too! "Infinity Mortgages" - wow. I always forget the 30-yr-fixed is really only a USA thing
Posted by: BlackOrchid at August 14, 2023 11:34 AM (AcWfM)

Yeah but Canada is also normalizing Euthenasia, so when you're staring down crushing debt well past your earning years, you can just solve the issue by offing yourself and allowing the bank to take back the property that you never actually owned.

Win-win!

Posted by: The Central Scrutinizer at August 14, 2023 11:39 AM (KbCG3)

176 136 Milei has made noises about closing Argentina's central bank and putting the country on the US Dollar as a means of fighting inflation.

What? They didn't choose the Chinese / Russian / Saudi / *checks notes* South African basket?
Posted by: Archimedes at
-------

BRICS, ya? No.

Posted by: Braenyard at August 14, 2023 11:39 AM (AbYHm)

177 What does “roofied” mean?

My son has been in town.
Posted by: Joe Biden at August 14, 2023 11:36 AM (17s+e)
++++
BOOM

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:40 AM (WkNQM)

178 Tomorrow's headline: Buck Pounces on Report of Lower Inflation

Posted by: Girls at August 14, 2023 11:40 AM (JvZF+)

179 Joe is going to be touting his Inflation Reduction Act today on it's one year anniversary.

Posted by: fd at August 14, 2023 11:40 AM (vFG9F)

180 This "Rich Men North of Richmond" song is quite the story.

I'm seeing statements it's had over 40 million views across all platforms this weekend, making it one of the most played songs globally. For a guy with no record deal who lives off the grid in rural VA.

No putting that genie back in the bottle for the media.

Posted by: brak at August 14, 2023 11:41 AM (25k9m)

181 They'll keep lying until there are real and painful consequences for it.

Posted by: acethepug at August 14, 2023 11:41 AM (aYyMD)

182 166 A "roofie" is slang for a drug that makes someone very pliable to almost anything. Usually GHB, ketamine, or rohypnol. They are used by bad guys as "date rape drugs," but also increasingly by women out to scam and steal from guys. Lots of stories in the news about how some dumb guy met some girl at a club, took her home, she roofied him, and then stole all his shit -- usually in concert with someone else.

Posted by: Elric Blade
==

Your knowledge is pretty specific.
Posted by: Jukin the Deplorable a Clear and Present Danger at August 14, 2023 11:38 AM (17s+e)
__________

Everyone in the club scene knows this and should be wary of it, both men and women. These drugs are everywhere and there are lots of bad people who will use them for bad purposes.

Posted by: Elric Blade at August 14, 2023 11:41 AM (iFTx/)

183 "Once established, it's less than 8 hours a week to grow all the vegetables you need a year."

For people raising chickens in their backyard I think it is 8 hours a day for all the eggs you need in a week.

Posted by: Ripley at August 14, 2023 11:41 AM (KrJTL)

184 Rivian's CEO has come out stating that "Sure we lose about $100,000 per EV, we are making it up in volume!"

CFO whispers in CEO's ear.... CEO "Ahhh nevermind."

Posted by: Jukin the Deplorable a Clear and Present Danger at August 14, 2023 11:41 AM (17s+e)

185 Judge shopping.

Last month, Hunter Biden went to federal court with the intention of entering a guilty plea as part of a plea deal that would keep him out of jail. However, Judge Maryellen Noreika didn’t approve it over concerns about its constitutionality, and the deal collapsed.
. . . .
The Department of Justice moved quickly and announced its intention to voluntarily dismiss two tax charges against Hunter Biden without prejudice. The purpose behind this move is to refile the charges either in the Central District of California or in Washington, D.C., rather than proceeding in Delaware.

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at August 14, 2023 11:42 AM (FVME7)

186 Yeah but Canada is also normalizing Euthenasia

With their glorious socialist healthcare it can take 2-3 years to see a doctor even for an emergency. So when you call they now routinely ask if you'd rather kill yourself, especially if you're over 50 or voted against Trudeau.

Posted by: Ian S. at August 14, 2023 11:42 AM (2ocoG)

187 I saw a story over the weekend that Canada is allowing people with variable rate mortgages to lock in their payment amounts, so then the excess interest is added to the balance. So, when the interest rate on the loan goes to 7% from 3%? Say hello to mortgages that last longer than a lifetime.

Posted by: Thomas Paine at August 14, 2023 11:32 AM

Multi generational mortgages have been a thing for decades in Japan.

Posted by: Mister Scott (Formerly GWS) at August 14, 2023 11:42 AM (QNSds)

188 Inflation is "receding" in the same manner that the debit is "shrinking" on those rare occasions where the rate at which we add to it decreases a bit.

Look, here is the situation:
The progs and their various barbarian constituents honestly don't give a fuck in the first place.
The normies distracted by normie bullshit just roll with whatever the headline is.
Any non-leftists actually paying attention are in the minority.

It doesn't matter anyways at this point, everything is going to crash and burn and there isn't fuckall you can do to prevent it. The solution you need is somewhere on a spectrum between getting the fuck away from progs and their barbarians and stacking beans/bullets/etc. Nothing is going to stop what is coming.

Posted by: somedood at August 14, 2023 11:42 AM (oL+dz)

189 172 "At my grocery store I can get a week's worth for $10-20.

with whatever chemicals on it and shot full of garbage, sure. I walk outside and grab tomatoes, onions, peppers, cucumbers, strawberries, etc etc fresh whenever I need, so no food wastage

I don't plant zucchini tho b/c yeah you never use it!

gardening is easy, fun, I like the freshness of going out and grabbing what's in season, less food wastage, I know what I've put into the produce or on the produce. it's not for everyone but just the poisonous sprays and weird "fertilizers" alone make you feel better growing your own.

Posted by: BlackOrchid at August 14, 2023 11:42 AM (AcWfM)

190 I'm seeing statements it's had over 40 million views across all platforms this weekend, making it one of the most played songs globally. For a guy with no record deal who lives off the grid in rural VA.

No putting that genie back in the bottle for the media.
Posted by: brak at August 14, 2023 11:41 AM (25k9m)

He's going to have a record deal soon, from chatter that's going on.

Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:42 AM (gJKGU)

191 Govt workers around me (NH) are getting 5%+ raises now, and baked into their contracts going forward. I work 50+hrs a week and took on additional responsibilities this year and I'm told to be happy I got 3%.
Posted by: Our Country is Screwed at August 14, 2023 11:17 AM (N39Ws)

Look on the bright side... when the crash finally happens, those jobs will go away. Those pensions will go away. Those benefits will go away. Those people have no real world skills and they have no idea what's coming.

It will hard not to laugh.

Posted by: I used to have a different nic at August 14, 2023 11:42 AM (z99Zw)

192
If you want to destroy the Middle and Working classes,

severe inflation works every time.

If you want to kill off "useless eaters" like retirees (Hello, Boomers! -Are you still voting for these Democrat/GOPe turds?)

severe inflation works every time.

But, hyperinflation seems to be the goal. Everybody into the pool!!!

Check out the comparisons of how much Biden is spending yearly vs W or even Oblabla. It's mind-blowing.

Posted by: naturalfake at August 14, 2023 11:43 AM (QzZeQ)

193 Electric vehicle manufacturer Rivian continues to lose tens of thousands of dollars per unit sold while hemorrhaging cash. "

Stupid lunkhead Kemp is giving them all kinds of incentives to build a plant in Georgia. The thing is bound to fail and I hope it bites him on the ass.

Posted by: fd at August 14, 2023 11:43 AM (vFG9F)

194 This "Rich Men North of Richmond" song is quite the story.

I'm seeing statements it's had over 40 million views across all platforms this weekend, making it one of the most played songs globally. For a guy with no record deal who lives off the grid in rural VA.

The left's official position is that he's a crisis actor.

Posted by: Ian S. at August 14, 2023 11:43 AM (2ocoG)

195 Everyone in the club scene knows this and should be wary of it, both men and women. These drugs are everywhere and there are lots of bad people who will use them for bad purposes.

Posted by: Elric Blade
==

Comrade, not everyone get dark satirical humor.

Posted by: Jukin the Deplorable a Clear and Present Danger at August 14, 2023 11:43 AM (17s+e)

196 177 What does “roofied” mean?

My son has been in town.
Posted by: Joe Biden at August 14, 2023 11:36 AM (17s+e)
++++
BOOM
Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:40 AM (WkNQM)
______

Yea, but who exactly got roofied? Hunter is so dumb and such a degenerate junkie it's highly likely that HE would be the one roofied and have his shit stolen . . . .

Posted by: Elric Blade at August 14, 2023 11:43 AM (iFTx/)

197 Top Dem Jamie Raskin Concedes That Hunter Biden “Did a Lot of Really Unlawful and Wrong Things”

-
But he's turning his life around.

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at August 14, 2023 11:43 AM (FVME7)

198 I saw a story over the weekend that Canada is allowing people with variable rate mortgages to lock in their payment amounts, so then the excess interest is added to the balance. So, when the interest rate on the loan goes to 7% from 3%? Say hello to mortgages that last longer than a lifetime.
Posted by: Thomas Paine at August 14, 2023 11:32 AM (lTGtQ)
++++
Recapitalized interest is *extremely* dangerous, and was one of the reasons that so-called "Pay-Option ARM" mortgages in the US blew up so spectacularly and took the banks down with them.

In an Option-ARM, you get a few choices for payment amount: fully amortizing, interest only, less than interest only. If you pick that third option, the difference gets rolled back into the loan and the loan balance grows. The asset on the bank's balance sheet also grows as a result, and it can leveraged even higher.

But the recapitalized interest doesn't represent real value, and it causes the interest cost to increase every time it happens. That lower option results in more recapitalized interest every time you do it, until the balance runs away and the borrower goes bankrupt. Then the bank goes bankrupt, since they're levered to the hilt.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:43 AM (WkNQM)

199 With their glorious socialist healthcare it can take 2-3 years to see a doctor even for an emergency. So when you call they now routinely ask if you'd rather kill yourself, especially if you're over 50 or voted against Trudeau.
Posted by: Ian S. at August 14, 2023 11:42 AM

Press 1 for English, 2 For French, 3, To Kill yourself.

Posted by: Minnfidel at August 14, 2023 11:43 AM (GwxCX)

200 Multi generational mortgages have been a thing for decades in Japan.
Posted by: Mister Scott (Formerly GWS) at August 14, 2023 11:42 AM (QNSds)

I heard over the weekend that Japan has something like 15 MILLON abandoned homes. Dunno if that's true but they have a serious depopulation and depreciation problem outside of Tokyo, Osaka and Sapporo

Posted by: Mark Andrew Edwards, buy ammo, food, water at August 14, 2023 11:43 AM (xcxpd)

201 Talk about a blast from the past.

Taylor Lorenz is so old, the Germans in World War II named a cipher machine Lorenz.

Posted by: Anna Puma at August 14, 2023 11:43 AM (ZIVuX)

202 For people raising chickens in their backyard I think it is 8 hours a day for all the eggs you need in a week.

that's my next project, altho I know I will get too attached to the chickens

Posted by: BlackOrchid at August 14, 2023 11:43 AM (AcWfM)

203 Native Sons, a group from Chicago’s Rogers Park neighborhood, is asking that gang members pledge to cease fire from 9:00 a.m. to 9:00 p.m. daily so no one lives in fear of being shot while going about their day-to-day activities. The push for the cease-fire is being called “The People’s Ordinance,” CWBChicago reported.

Posted by: SMOD at August 14, 2023 11:44 AM (RHGPo)

204 195 Everyone in the club scene knows this and should be wary of it, both men and women. These drugs are everywhere and there are lots of bad people who will use them for bad purposes.

Posted by: Elric Blade
==

Comrade, not everyone get dark satirical humor.
Posted by: Jukin the Deplorable a Clear and Present Danger at August 14, 2023 11:43 AM (17s+e)

It's like food in North Korea

Posted by: Mark Andrew Edwards, buy ammo, food, water at August 14, 2023 11:44 AM (xcxpd)

205 For 20 years while I was watching, the Wall Street Journal ran an article once a year analyzing why renting was a smarter financial move than owning a residence. Didn't matter which way the fundamentals were trending, or which party held majority. It just simply was. WSJ was the publication of, and for, landlords (and their investors).

Posted by: Way, Way Downriver at August 14, 2023 11:44 AM (4PZHB)

206 Media reporting inflation in the 70s:

1. Old people are eating cat food!
2. Social Security is now a pittance (argument for COLAs)
3. People have to eat Hamburger Helper instead of real meat

Posted by: Girls at August 14, 2023 11:45 AM (JvZF+)

207 Yea, but who exactly got roofied? Hunter is so dumb and such a degenerate junkie it's highly likely that HE would be the one roofied and have his shit stolen . . . .
Posted by: Elric Blade at August 14, 2023 11:43 AM (iFTx/)
++++
I would bet - in seriousness - that this is a "power of and" situation. Sometimes he is predator, sometimes he is prey.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:45 AM (WkNQM)

208
Yea, but who exactly got roofied? Hunter is so dumb and such a degenerate junkie it's highly likely that HE would be the one roofied and have his shit stolen . . . .
Posted by: Elric Blade at August 14, 2023 11:43 AM

Well the dumbfuck managed to leave his laptop at a repair shop with all kinds of shit on it. Smartest guy Joe knows, I have no doubt.

Posted by: Minnfidel at August 14, 2023 11:45 AM (GwxCX)

209 /female sock off

Posted by: San Franpsycho at August 14, 2023 11:45 AM (JvZF+)

210 CNN — Republicans are hammering away at President Joe Biden over his economic record. Despite good news that has been reported in recent weeks, including low unemployment, a revived stock market and apparently receding inflation, the GOP is attempting to deny Biden any credit for the economy in the 2024 presidential campaign. On the same day that fresh inflation data showed that prices continued to cool down, Republicans seized on the headline that the Consumer Price Index rose 3.2% in July compared to where it had been last year, the first time there had been an uptick in 13 months.

.. that didn't age well.

Posted by: SMOD at August 14, 2023 11:45 AM (RHGPo)

211 But the recapitalized interest doesn't represent real value, and it causes the interest cost to increase every time it happens. That lower option results in more recapitalized interest every time you do it, until the balance runs away and the borrower goes bankrupt. Then the bank goes bankrupt, since they're levered to the hilt.
Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:43 AM (WkNQM)
___________

Yea, but they make it up in volume, you dummy!

Posted by: Elric Blade at August 14, 2023 11:45 AM (iFTx/)

212 Top Dem Jamie Raskin Concedes That Hunter Biden “Did a Lot of Really Unlawful and Wrong Things”

It was for statements like this that the phrase "No s***, Sherlock" was invented.

Posted by: Archimedes at August 14, 2023 11:45 AM (eOEVl)

213 Top Dem Jamie Raskin Concedes That Hunter Biden “Did a Lot of Really Unlawful and Wrong Things”

-
But he's turning his life around.

He's an aspiring rapper?

Posted by: Ian S. at August 14, 2023 11:46 AM (2ocoG)

214 Georgia's Kemp is not a Republican he jus says he is.

Posted by: Braenyard at August 14, 2023 11:46 AM (AbYHm)

215 Yea, but they make it up in volume, you dummy!
Posted by: Elric Blade at August 14, 2023 11:45 AM (iFTx/)
++++
:: smacks forehead ::

Of course!

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:46 AM (WkNQM)

216 It's nice to be king.

Records Reveal Dr. Fauci Made Over $300 Million From COVID Pandemic

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at August 14, 2023 11:46 AM (FVME7)

217 Thanks for the explanation of “roofied,” Elric.

Posted by: Bulgaroctonus at August 14, 2023 11:46 AM (xTRSc)

218 Multi generational mortgages have been a thing for decades in Japan.

Posted by: Mister Scott (Formerly GWS) at August 14, 2023 11:42 AM (QNSds)

It'd be fun if there was no limit on those. Extend the life of the loan to two billion years, buy something worth a million bucks. Pay pennies until the bank collapses or you croak, whichever comes first.

Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:47 AM (gJKGU)

219 183 "Once established, it's less than 8 hours a week to grow all the vegetables you need a year."

For people raising chickens in their backyard I think it is 8 hours a day for all the eggs you need in a week.
Posted by: Ripley at August 14, 2023 11:41 AM (KrJTL)

People who own chickens are worse than people whose kids are doing fundraisers.

"Who wants eggs? You want eggs? I got eggs! Please, sign up to take some eggs!"

Posted by: The Central Scrutinizer at August 14, 2023 11:47 AM (KbCG3)

220 zerohedge @zerohedge Aug 12
Downtown San Fran Office Tower Sells At 66% Off As CRE Crisis Claims Another Victim

Posted by: andycanuck (krqg6) at August 14, 2023 11:47 AM (krqg6)

221 This redhead in a jean jacket doesn't know how to spot specific lies in government figures, so she just disregards all government figures as lies:
https://is.gd/ZmRhuo

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:47 AM (WkNQM)

222 Hunter Biden “Did a Lot of Really Unlawful and Wrong Things”

Unlawful? Is that anything like illegal?

Posted by: Ripley at August 14, 2023 11:47 AM (KrJTL)

223 Ngl outraged and disappointed by the unwarranted and hackneyed and unthinking Airship hate.

As always, I will perdure and one day see Airships own the skies!

Posted by: Thesokorus at August 14, 2023 11:47 AM (c82Gn)

224 Tesla also lost billions before becoming profitable.
The Dark Brandon is crushing yrussia economically: the ruble has lost 1/3 of its value in the last year.
Buck seems to have forgotten to mention that wage increases are now more than in ft lation

Posted by: Paul at August 14, 2023 11:47 AM (n3SoW)

225 So are we seizing or pouncing today? Is it like an odd/even type thing. We really need to have a rule around here for that.

Posted by: Minnfidel at August 14, 2023 11:47 AM (GwxCX)

226 *Reverse mortgages have entered the chat*

Posted by: San Franpsycho at August 14, 2023 11:48 AM (JvZF+)

227 " Georgia's Kemp is not a Republican he jus says he is.
Posted by: Braenyard"

Not one word from him or the worthless GA GOP about the Democrats in Atlanta's persecution of Trump.

Posted by: fd at August 14, 2023 11:48 AM (vFG9F)

228 they're not sending their best

... or are they?

Posted by: BlackOrchid at August 14, 2023 11:48 AM (AcWfM)

229 But the recapitalized interest doesn't represent real value, and it causes the interest cost to increase every time it happens. That lower option results in more recapitalized interest every time you do it, until the balance runs away and the borrower goes bankrupt. Then the bank goes bankrupt, since they're levered to the hilt.
Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:43 AM (WkNQM)
___________

Yea, but they make it up in volume, you dummy!
Posted by: Elric Blade at August 14, 2023 11:45 AM (iFTx/)

And then they just write it off!

Posted by: Seinfeld at August 14, 2023 11:49 AM (4I/2K)

230 Russia is being crushed! Crushed! Screams the neolib as the tears run down his face and he soils himself.

Posted by: Thesokorus at August 14, 2023 11:49 AM (c82Gn)

231 My wages have increased. I am now getting $25 per job.

Posted by: Pawl at August 14, 2023 11:49 AM (vFG9F)

232 Tesla also lost billions before becoming profitable.
The Dark Brandon is crushing yrussia economically: the ruble has lost 1/3 of its value in the last year.
Buck seems to have forgotten to mention that wage increases are now more than in ft lation
Posted by: Paul at August 14, 2023 11:47 AM

Damn, you're brick fucking stupid.

Posted by: Minnfidel at August 14, 2023 11:49 AM (GwxCX)

233 The fun part starts when Trump doesn't show up for 'trial' in Atlanta. This should be a lesson about the limits of fake government and fake laws.

Posted by: Puddinhead at August 14, 2023 11:50 AM (HTCOy)

234 Don't look food horse in mouth comrades. Food like dark humor not all comrades get it.
Posted by: Jukin the Deplorable a Clear and Present Danger at August 14, 2023 11:27 AM (17s+e)

in Soviet Russia, dark humor laughs at YOU...

Posted by: SturmToddler at August 14, 2023 11:50 AM (KZaqS)

235 207 Yea, but who exactly got roofied? Hunter is so dumb and such a degenerate junkie it's highly likely that HE would be the one roofied and have his shit stolen . . . .
Posted by: Elric Blade at August 14, 2023 11:43 AM (iFTx/)
++++
I would bet - in seriousness - that this is a "power of and" situation. Sometimes he is predator, sometimes he is prey.
Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:45 AM (WkNQM)
_____

Oh 100% it's an "and" situation. He was and is an easy and juicy target for predators. He hardly even made an effort to protect himself.

Posted by: Elric Blade at August 14, 2023 11:50 AM (iFTx/)

236 I can hardly wait until the "misinflation" kicks in.

Posted by: Simple Stevo at August 14, 2023 11:50 AM (Dgo06)

237 227 " Georgia's Kemp is not a Republican he jus says he is.
Posted by: Braenyard"

98.7% of the GOP has just entered the chat room.

Posted by: naturalfake at August 14, 2023 11:51 AM (QzZeQ)

238 232 Tesla also lost billions before becoming profitable.
The Dark Brandon is crushing yrussia economically: the ruble has lost 1/3 of its value in the last year.
Buck seems to have forgotten to mention that wage increases are now more than in ft lation
Posted by: Paul at August 14, 2023 11:47 AM

Damn, you're brick fucking stupid.
---------------
Yep. Must be a Democrat cocksucker.

Posted by: Puddinhead at August 14, 2023 11:51 AM (HTCOy)

239 "Buck seems to have forgotten to mention that wage increases are now more than inflation "

That strategy worked out great to stabilize things in the 70's (and other times and places)

Posted by: Ripley at August 14, 2023 11:51 AM (KrJTL)

240 Good. The more inflation the better.

No one really cares about the economy anymore simply because it's all lies and gobbledygook anyways.

Posted by: Hairyback Guy at August 14, 2023 11:51 AM (0XsSe)

241 97 Wages have been stagnant or falling since 1974
---
Wages have barely increased, adjusted for inflation.
But housing has nearly trippled.

But then, can you buy a nice stick-built 2 bed, 1 bath anymore?
Will consumers buy a "poor person's" house that small?
Why should a builder build that when the bank is happy to loan you more than you can afford and keep you in debt your whole natural life?
Posted by: People's Hippo Voice at August 14, 2023 11:25 AM (FGJND)

Hmmm.... it's almost as if you nearly double the labor supply by telling half the population that she is a useless eater if she stays home to raise children has some sort of cost associated with it!

Somehow, you now need two incomes to get to the same lifestyle one once supplied!

GEE, who benefited from THAT deal?!

Posted by: Formerly Virginian at August 14, 2023 11:51 AM (zjgNU)

242 Damn, you're brick f***ing stupid.

Then stop encouraging him by replying.

Posted by: Archimedes at August 14, 2023 11:51 AM (eOEVl)

243 Tesla also lost billions before becoming profitable.
The Dark Brandon is crushing yrussia economically: the ruble has lost 1/3 of its value in the last year.
Buck seems to have forgotten to mention that wage increases are now more than in ft lation
Posted by: Cocksucker at August 14, 2023 11:47 AM (C0ck$)
++++
TL;DR: I hope your monkeypox medicine doubles in price.

Musk did it through being first, being competent, getting YUGE subsidies and being able to project a reality-distortion field that kept investors credulous for long enough for it to finally work. Tesla isn't all that profitable and is obscenely overvalued and has been for a decade. That's lightning in a bottle.

I don't care about the Russian economy, or the relative value of the Ruble. I care about the US economy and how much stuff my money can buy here at home, and how much interest money I don't need to spend can earn. A comparison to some foreigner is irrelevant (also, Russia survived and wasn't supposed to - still a failure for Biden).

And Buck did mention wage increases, which you'd know if you read the column. Rising below inflation - loss in real terms.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:51 AM (WkNQM)

244 236 I can hardly wait until the "misinflation" kicks in.
Posted by: Simple Stevo at August 14, 2023 11:50 AM (Dgo06)

Ready for my close up!

Posted by: Lizzo, Miss Inflation 2023 at August 14, 2023 11:51 AM (PiwSw)

245 Real estate has bubbled worse than 2008. Prices zoomed off into the stratosphere, wages didn't. There's not a lot of buyers out there because nobody can afford these insane prices.
Posted by: Cato

Someone paid $245,000 for a two bedroom, 1 bath that was purchased in 1991 for $59,900 26 miles north of downtown Dallas.

Posted by: rickb223 at August 14, 2023 11:51 AM (nW4TA)

246 @238:

But at least he's getting 25 dollars, same as in town.

Posted by: Grumpy and Recalcitrant at August 14, 2023 11:52 AM (qPw5n)

247 ... There's not a lot of buyers out there because nobody can afford these insane prices.
Posted by: Cato, Post-Apocalyptic Scourge of the Seas at August 14, 2023 11:36 AM (gJKGU)
++++
Which is what a market top looks like.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:52 AM (WkNQM)

248 Someone paid $245,000 for a two bedroom, 1 bath that was purchased in 1991 for $59,900 26 miles north of downtown Dallas.
---------------
Meth Lab?

Posted by: Puddinhead at August 14, 2023 11:52 AM (DmtxH)

249 Did you know that Skittles goes great with beer?

https://tinyurl.com/yebwyhr9

(Twitter)

Posted by: Biden's Dog sniffs a whole lotta malarkey, at August 14, 2023 11:53 AM (adINt)

250 Then stop encouraging him by replying.
Posted by: Archimedes at August 14, 2023 11:51 AM

Dohkay.

Posted by: Minnfidel at August 14, 2023 11:53 AM (GwxCX)

251 Yeah but Canada is also normalizing Euthenasia, so when you're staring down crushing debt well past your earning years, you can just solve the issue by offing yourself and allowing the bank to take back the property that you never actually owned.
--------
MAID = Medically-Aided Inflation Defeater

Posted by: andycanuck (krqg6) at August 14, 2023 11:53 AM (krqg6)

252 "Recapitalized interest is *extremely* dangerous, and was one of the reasons that so-called "Pay-Option ARM" mortgages in the US blew up so spectacularly and took the banks down with them.
Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:43 AM (WkNQM)"

This is actually a key element to the (mostly under the radar at the moment) student loan servicing scandals. The various crooked outfits that the loans were farmed out to post-2009 basically spend a decade coming up with scams to capitalize the interest.

Lots of lawsuits. Lots of companies evaporating so they can't be sued effectively, being replaced with new companies.

Posted by: somedood at August 14, 2023 11:53 AM (oL+dz)

253 221 This redhead in a jean jacket doesn't know how to spot specific lies in government figures, so she just disregards all government figures as lies:
https://is.gd/ZmRhuo
Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:47 AM (WkNQM)

THOTy THOTy girl

Posted by: Mark Andrew Edwards, buy ammo, food, water at August 14, 2023 11:53 AM (xcxpd)

254 It's kind of like those signs you see in restaurant bathrooms telling employees to wash their hands. You don't know whether to be glad that they're being told or worried that they have to be told.

Quebec Doctors Urged Not to Kill Patients

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at August 14, 2023 11:53 AM (FVME7)

255 Crushing Russia economically wasn't very high on my list of priorities in 2020 election.

Posted by: Ripley at August 14, 2023 11:53 AM (KrJTL)

256 I have no sympathy for someone who goes buy a toy to run around on roads.

Posted by: Skip at August 14, 2023 11:54 AM (H0hXt)

257 Has Sponge been around at all today?

Posted by: Bulgaroctonus at August 14, 2023 11:54 AM (xTRSc)

258 Someone paid $245,000 for a two bedroom, 1 bath that was purchased in 1991 for $59,900 26 miles north of downtown Dallas.
---------------
Meth Lab?
Posted by: Puddinhead

Nope. I sold it after living there for 31 years when we moved out onto wife's family's land.

Posted by: rickb223 at August 14, 2023 11:55 AM (nW4TA)

259 255 Crushing Russia economically wasn't very high on my list of priorities in 2020 election.
----------------
Oddly, Biden only crushed his allies and us. Its like this is the plan.

Posted by: Puddinhead at August 14, 2023 11:55 AM (DmtxH)

260 Oliver Anthony's "Rich Men North of Richmond" strikes a certain nerve with a lot of people. Whether he'll be able to deal with the media spotlight (the eventual attempts to cancel him by the left) remain to be seen.

But his song has captured attention, both good and bad.

Posted by: Martini Farmer at August 14, 2023 11:55 AM (Q4IgG)

261 Crushing Russia economically wasn't very high on my list of priorities in 2020 election.
Posted by: Ripley at August 14, 2023 11:53 AM (KrJTL)

Well, that's good because it isn't happening.

Posted by: Thesokorus at August 14, 2023 11:55 AM (c82Gn)

262 the ruble has lost 1/3 of its value in the last year.

In any case, he's wrong. The ruble has gone from about 17-18 cents to about 10 cents in the last year, so it's worth about 57% of what it was.

Posted by: Archimedes at August 14, 2023 11:55 AM (eOEVl)

263 Someone paid $245,000 for a two bedroom, 1 bath that was purchased in 1991 for $59,900 26 miles north of downtown Dallas.
Posted by: rickb223 at August 14, 2023 11:51 AM (nW4TA)
++++
Inflation-adjusted, that house would have been about $136k.

Per capita income for Dallas County has increased 3.27x since 1991. By that standard, the house should have cost $195,873.

I'm glad I'm not in the Dallas property market.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:55 AM (WkNQM)

264 Government mouthpieces, all.

Posted by: Catch Thirty-Thr33 at August 14, 2023 11:55 AM (3g9WA)

265 During the Depression, before the govt gave us a law for everything, gramp's had a milk cow , chickens, a garden and watch guineas.

Posted by: Braenyard at August 14, 2023 11:56 AM (AbYHm)

266 203 Native Sons, a group from Chicago’s Rogers Park neighborhood, is asking that gang members pledge to cease fire from 9:00 a.m. to 9:00 p.m. daily so no one lives in fear of being shot while going about their day-to-day activities. The push for the cease-fire is being called “The People’s Ordinance,” CWBChicago reported.
------------
That could be "The People's Ordnance" too!

Posted by: andycanuck (krqg6) at August 14, 2023 11:56 AM (krqg6)

267 258 Someone paid $245,000 for a two bedroom, 1 bath that was purchased in 1991 for $59,900 26 miles north of downtown Dallas.
---------------
Meth Lab?
Posted by: Puddinhead

Nope. I sold it after living there for 31 years when we moved out onto wife's family's land.
------------
Wife keeps asking where do you want to retire to? I have no idea but we do own a home in NOVA - the land that laughs at inflation.

Posted by: Puddinhead at August 14, 2023 11:56 AM (DmtxH)

268 As the Musk-Zuck steel cage match draws near, Elon posts pic of his training regime:

https://tinyurl.com/bdd9ejrt

Posted by: kallisto at August 14, 2023 11:56 AM (dCxaZ)

269 Ruble is about 1 cent

Posted by: San Franpsycho at August 14, 2023 11:57 AM (JvZF+)

270 Native Sons, a group from Chicago’s Rogers Park neighborhood, is asking that gang members pledge to cease fire from 9:00 a.m. to 9:00 p.m. daily so no one lives in fear of being shot while going about their day-to-day activities. The push for the cease-fire is being called “The People’s Ordinance,” CWBChicago reported.

Posted by: SMOD

Haha. The people who have no compunction shooting others will obey a timeline to do so. Sure.

Posted by: Thomas Paine at August 14, 2023 11:57 AM (lTGtQ)

271 265 During the Depression, before the govt gave us a law for everything, gramp's had a milk cow , chickens, a garden and watch guineas.
-------------
You gramp had Wop lookouts?

Posted by: Puddinhead at August 14, 2023 11:57 AM (T/Wjp)

272 My wages have increased. I am now getting $25 per job.
Posted by: Pawl at August 14, 2023 11:49 AM

Yee haw! I'm rolling over in the clover!

Posted by: Outside town worker at August 14, 2023 11:57 AM (d7KVM)

273 1. Old people are eating cat food!

And dog food.

The Soviet government propaganda outlets in the 1970's announced to the Soviet people that Americans were so poor that they had to eat cat and dog food.

The response of the Soviet people was:

"Wait - Americans have special food for cats and dogs?"

Posted by: The ARC of History! at August 14, 2023 11:57 AM (2tUFv)

274 You gramp had Wop lookouts?

WASPS are just jelly that their wangs aren't thicc

Posted by: kallisto at August 14, 2023 11:58 AM (dCxaZ)

275 Crushing Russia economically wasn't very high on my list of priorities in 2020 election.
-
Isn't Russia currently outpacing every country in Europe?

Posted by: Methos at August 14, 2023 11:58 AM (Dnobf)

276 Ruble is about 1 cent

You are correct, I misread the graph, but the overall loss of value is correct.

Posted by: Archimedes at August 14, 2023 11:58 AM (eOEVl)

277 As the Musk-Zuck steel cage match draws near, Elon posts pic of his training regime:

https://tinyurl.com/bdd9ejrt
Posted by: kallisto at August 14, 2023 11:56 AM (dCxaZ)
++++
Nice.

In seriousness, though, Musk needs to be careful. There was a Twilight Zone episode about how it will go if if you get into the ring with a robot:
https://is.gd/C8SuIP

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:58 AM (WkNQM)

278 Per capita income for Dallas County has increased 3.27x since 1991. By that standard, the house should have cost $195,873.

I'm glad I'm not in the Dallas property market.
Posted by: Joe Mannix

It was actually in Denton County.
One county north of Dallas County.

Posted by: rickb223 at August 14, 2023 11:58 AM (nW4TA)

279 Second look at eating the rich?

Posted by: Joe, living dangerously at August 14, 2023 11:58 AM (LcVJM)

280 Ruble is about 1 cent

Yeah, the only significant damage to the Russian economy is that the ruble is sliding.

Posted by: The ARC of History! at August 14, 2023 11:58 AM (2tUFv)

281 During the Depression, before the govt gave us a law for everything, gramp's had a milk cow , chickens, a garden and watch guineas.
Posted by: Braenyard

Italians patrolling his farm?

Posted by: Mr Aspirin Factory at August 14, 2023 11:59 AM (TZ75n)

282 Isn't Russia currently outpacing every country in Europe?

It is not.
https://youtu.be/HS69XvT2OIs

Posted by: Archimedes at August 14, 2023 11:59 AM (eOEVl)

283 Someone paid $245,000 for a two bedroom, 1 bath that was purchased in 1991 for $59,900 26 miles north of downtown Dallas.
Posted by: rickb223 at August 14, 2023 11:51 AM (nW4TA)
++++
Inflation-adjusted, that house would have been about $136k.

Per capita income for Dallas County has increased 3.27x since 1991. By that standard, the house should have cost $195,873.

I'm glad I'm not in the Dallas property market.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 11:55 AM

They just finished building a new lake up by where Rick and I live NE of Dallas. There was an auction that had 92 lots for sale and over 800 people showed up. Multiple 1 acre lake front lots went for $1,000,000 each. It's insane.

A guy I know has a camper on 2 acres his grandparents gave him that is now lakefront property. He has been offered over 2,000,000 for his property.

Posted by: Mister Scott (Formerly GWS) at August 14, 2023 11:59 AM (QNSds)

284 Nic update.

Posted by: ShainS -- Misinflation, Disinflation, & Malinflation Researcher ' Researcher at AoSH at August 14, 2023 11:59 AM (AlCoY)

285 Isn't Russia currently outpacing every country in Europe?

Not that well.

They're doing a lot better than Germany, though.

Posted by: The ARC of History! at August 14, 2023 12:00 PM (2tUFv)

286 Denton County median household income (a better measure, and one I should have used for Dallas) went up by 2.62x from 1989 to 2021. So even worse.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 12:00 PM (WkNQM)

287 Rivian losing $95K per vehicle sold; Wall Street analysts see bright days ahead as sales decline.

Posted by: Oglebay at August 14, 2023 12:00 PM (ogTiX)

288 Native Sons, a group from Chicago’s Rogers Park neighborhood, is asking that gang members pledge to cease fire from 9:00 a.m. to 9:00 p.m. daily so no one lives in fear of being shot while going about their day-to-day activities. The push for the cease-fire is being called “The People’s Ordinance,” CWBChicago reported.

Posted by: SMOD

Haha. The people who have no compunction shooting others will obey a timeline to do so. Sure.
Posted by: Thomas Paine

Sounds like someone is wanting to sucker a rival gang to disarm.

Posted by: rickb223 at August 14, 2023 12:00 PM (nW4TA)

289 Yeah, the only significant damage to the Russian economy is that the ruble is sliding.

Nonsense.

https://youtu.be/xYF74BdiCQM

Posted by: Archimedes at August 14, 2023 12:00 PM (eOEVl)

290 Copy/paste fail.

Posted by: ShainS -- Misinflation, Disinflation, & Malinflation Researcher at August 14, 2023 12:01 PM (AlCoY)

291 Tesla makes as much from selling carbon credits as it makes from selling cars.

Posted by: Thomas Paine at August 14, 2023 12:01 PM (lTGtQ)

292

Tyrance Billingsley

Really.

Snip from Zero Hedge on AI:

"General artificial intelligence could be the last innovation that human beings really need to do themselves," said Tyrance Billingsley, executive director of the group who is also an event judge. "We’re still in the early, early, early stages."

Posted by: pawn at August 14, 2023 12:01 PM (wsHtO)

293 Denton County median household income (a better measure, and one I should have used for Dallas) went up by 2.62x from 1989 to 2021. So even worse.
Posted by: Joe Mannix

Yeah. I'm glad I got out when I did. I wouldn't trade living in the country for nothing.

Posted by: rickb223 at August 14, 2023 12:01 PM (nW4TA)

294 Biden's economic prowess has gotten deflation well under control.

Posted by: News Media at August 14, 2023 12:01 PM (LaNzR)

295 Disclose.tv @disclosetv 43m
JUST IN - Argentina's central bank hikes interest rates to 118% in a drastic policy shift as it runs out of funds to defend its currency — Bloomberg

Disclose.tv @disclosetv 2h
JUST IN - India's retail inflation rose sharply to 7.44% in July due to surging food costs.

Posted by: andycanuck (krqg6) at August 14, 2023 12:02 PM (krqg6)

296 RUSSIAN Ruble COLLAPSES Below 100 Against US Dollar, Euro, Yuan & Rupee as Russian Economy Crashes

"Crashes".

Uh huh.

And the Great Ukrainian Counteroffensive is going superbly!

They may even capture another village in a month or two!

Posted by: The ARC of History! at August 14, 2023 12:02 PM (2tUFv)

297 You gramp had Wop lookouts?
Posted by: Puddinhead at August 14, 2023 11:57 AM (T/Wjp)
-----------

The know their business.

Posted by: Braenyard at August 14, 2023 12:03 PM (AbYHm)

298 If you steal your food and other luxury items, inflation will not affect you.

Posted by: t-bird at August 14, 2023 12:03 PM (CaJIi)

299 Cutting Disney+ isn't the worst idea I've ever heard.
Posted by: "Perfessor" Squirrel at August 14, 2023 11:18 AM (YIVH2)

You can't cut what you never had. I can't cut my cable bill, either.

Posted by: Alberta Oil Peon at August 14, 2023 12:03 PM (YMhCy)

300 Biden's economic prowess has gotten deflation well under control.
Posted by: News Media at August 14, 2023 12:01 PM (LaNzR)
++++
The economy is firing on cylinders!*

* The economy's V-8 engine was replaced with a three-cylinder motor from a Daihatsu Charade.

Posted by: Joe Mannix (Not a cop!) at August 14, 2023 12:03 PM (WkNQM)

301 Native Sons, a group from Chicago’s Rogers Park neighborhood, is asking that gang members pledge to cease fire from 9:00 a.m. to 9:00 p.m. daily so no one lives in fear of being shot while going about their day-to-day activities. The push for the cease-fire is being called “The People’s Ordinance,” CWBChicago reported.

Posted by: SMOD

-----------

Midnight Pickleball Leagues hardest hit.

Posted by: ShainS -- Misinflation, Disinflation, & Malinflation Researcher at August 14, 2023 12:03 PM (AlCoY)

302 They just finished building a new lake up by where Rick and I live NE of Dallas. There was an auction that had 92 lots for sale and over 800 people showed up. Multiple 1 acre lake front lots went for $1,000,000 each. It's insane.

A guy I know has a camper on 2 acres his grandparents gave him that is now lakefront property. He has been offered over 2,000,000 for his property.
Posted by: Mister Scott

Yeah. Bois D'arc Lake. Haven't heard what the new one around Honey Grove is going for.

Posted by: rickb223 at August 14, 2023 12:03 PM (nW4TA)

303 "Crashes".

Uh huh.

And the Great Ukrainian Counteroffensive is going superbly!

They may even capture another village in a month or two!

I know it's not your way, but perhaps you should try actually listening to the information in the two links I posted. You might actually learn something more than "Ukraine bad".

Posted by: Archimedes at August 14, 2023 12:03 PM (eOEVl)

304 How tf are there still ppl here dropping to their knees for the US State Dept and the MIC?

"Yes. They lie compulsively and are incompetent EXCEPT when it comes to heckin' badass warfighting with warfighters and financial warfare! And when it is against Putl0r boooooo hissssss that Tsarist commie bolshie stalinist trotskyite red blooded american hater russians are bad at war because they are drunk 24/7!"

Posted by: Thesokorus at August 14, 2023 12:03 PM (c82Gn)

305 Bidenomics staves of Venezuelan levels of inflation in this quarter.

Posted by: News Media at August 14, 2023 12:04 PM (LaNzR)

306 The video:

Breaking911 @Breaking911 31m
"Any comment on the rising death toll in Maui?"
BIDEN: "No. No comment."

https://tinyurl.com/2s3sdyv9
8 seconds; BTW, it was a female reporter asking.

Posted by: andycanuck (krqg6) at August 14, 2023 12:04 PM (krqg6)

307 So with Russia collapsing we will be getting a flood of hot Russian supermodels looking for men, right?

Posted by: Ripley at August 14, 2023 12:04 PM (KrJTL)

308 And now, economic advice from Aaron Rupar . . .

Aaron Rupar
@atrupar
i can't believe the children of famous and powerful people never thought of cashing in on their family name until Hunter Biden

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at August 14, 2023 12:05 PM (FVME7)

309 Excuse please.
FOOD & FUEL ARE CORE INDICATORS.
Posted by: rickb223 at August 14, 2023 11:19 AM (nW4TA)

^^^This^^^

Food, fuel, and housing are the core indicators, because everybody uses them in some way.

Posted by: Alberta Oil Peon at August 14, 2023 12:05 PM (YMhCy)

310 290 Copy/paste fail.
Posted by: ShainS -- Misinflation
---------

iPad we much.

Posted by: Braenyard at August 14, 2023 12:05 PM (AbYHm)

311 JJ is up. Again.

Posted by: rickb223 at August 14, 2023 12:05 PM (nW4TA)

312 I know it's not your way, but perhaps you should try actually listening to the information in the two links I posted. You might actually learn something more than "Ukraine bad".

Copium.

The Russian economy is growing this year.

The German economy is not.

I'm supposed to listen to drivel about the Russian economy "crashing"?

Posted by: The ARC of History! at August 14, 2023 12:05 PM (2tUFv)

313 Nood. Sefton.

Posted by: Bulgaroctonus at August 14, 2023 12:05 PM (xTRSc)

314 263 Someone paid $245,000 for a two bedroom, 1 bath that was purchased in 1991 for $59,900 26 miles north of downtown Dallas.
Posted by: rickb223

That same home in Seattle will cost you over 700k

Posted by: nurse ratched, otter 841 superfan! at August 14, 2023 12:07 PM (hK9T6)

315 it's now gotten to the point that they flat out tell you to tip significantly to get your order picked up.

if you don't tip, drivers can and will refuse to take it.

which is why i haven't used either service in years.
Posted by: SturmToddler at August 14, 2023 11:20 AM (KZaqS)

Tipping before the service is even rendered? Fuck that nonsense.

Posted by: Alberta Oil Peon at August 14, 2023 12:07 PM (YMhCy)

316 My sis, Bro-in-law and I were talking about all the self service checkouts in Walmart and how no one seems to go to the actual checker lanes anymore.

I said, "When you only have a few things self serve is faster. When was the last time you saw lines of people at Walmart with carts full? "

How is it in your areas, Walmart Shoppers? Or even grocery store shoppers? Do you see carts full like you used to? Used to be common to see someone buying a week or two worth of stuff. Now most people walk out with what they can carry out in two hands.

Still a hundred+ bucks worth though, right?

Posted by: Just Lily at August 14, 2023 12:08 PM (RLLZj)

317 Biden's economic plans fight America's obesity epidemic by restaurants switching to smaller portions.

Posted by: News Media at August 14, 2023 12:09 PM (LaNzR)

318 Insider Paper @TheInsiderPaper 3h
NEW - French police have launched an investigation into two bomb scares at the Eiffel Tower this weekend that forced the monument to be evacuated twice in the same day, prosecutors said
-------------
Booomb threats??

Posted by: andycanuck (krqg6) at August 14, 2023 12:09 PM (krqg6)

319 I'm supposed to listen to drivel about the Russian economy "crashing"?

Yeah, that's what I figured.

Posted by: Archimedes at August 14, 2023 12:10 PM (eOEVl)

320 Nood. Sefton.

It's morning again already?

Posted by: Diesel Jones, Biologist at August 14, 2023 12:13 PM (Vu7A1)

321 It's shower time, Ashley!

Posted by: REALLY Dark Brandon at August 14, 2023 12:23 PM (ji3Wy)

322 That same home in Seattle will cost you over 700k

Posted by: nurse ratched, otter 841 superfan! at August 14, 2023 12:07 PM (hK9T6)

My parent's house in Ellensburg is on 1 acre and they bought it for $40,000 in 1975. Appraisal is at $750,000 and nothing has really been upgraded except the kitchen in them mid 80's.

Posted by: Wierzbowski formerly QID at August 14, 2023 12:25 PM (CjHGv)

323 I know it's not your way, but perhaps you should try actually listening to the information in the two links I posted. You might actually learn something more than "Ukraine bad".
Posted by: Archimedes at August 14, 2023 12:03 PM (eOEVl)

Bwahahaha! Pot, meet kettle.

Posted by: Alberta Oil Peon at August 14, 2023 12:34 PM (SWoAk)

324 See i f you can spot the pattern:
Beam
Koch
Dinkins

Bloomberg
DeBlasio
Adams.

It's a pop quiz!

Posted by: Regular joe at August 14, 2023 12:46 PM (nnp+f)

325 Unexpectedly!

Or has that word now been retired?

Posted by: Mustache Man 89 at August 14, 2023 01:00 PM (PruVJ)

326 Facts don't lie...
https://www.officialdata.org/ 2022-dollars-in-2020#buying-power.

$100 in 2022 is equivalent in purchasing power to about $88.44 in 2020, an increase of $-11.56 over 2 years. The dollar had an average inflation rate of 6.34% per year between 2020 and 2022, producing a cumulative price increase of -11.56%.

This means that prices in 2020 are 11.56% lower than average prices since 2022, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 2020 was 1.23%. The inflation rate in 2022 was 8.00%. The 2022 inflation rate is higher compared to the average inflation rate of 4.45% per year between 2022 and 2023.

Even with their rigged numbers, it's an unmitigated disaster.

Posted by: Augusto Perez at August 14, 2023 04:02 PM (yNhcS)

327 Most of our M.S. Media are bottom feeders and gutter dwellers

Posted by: Tamaa the Drongo Bird at August 14, 2023 04:22 PM (wGqjj)

328 Yahoo’s headline and story require one data point to correctly evaluate: China’s “economy” has entered “deflation.” Since the Middle Kingdom is the center of all things and every one else is just foreign barbarians, Yahoo’s headline and story based on the truly relevant situation in the land of their masters make perfect sense.

Posted by: Pandas All Worship Pooh at August 14, 2023 10:18 PM (471mx)

329 It seems Buck doesn't know what a 1.1% increase in Real Wages means. It means on top of inflation, not less than the 3x increase as he incorrectly writes.

This isn't a hard concept, people. Do better.

Posted by: horn at August 15, 2023 04:10 PM (9y0gG)

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