Skip to comments.Inflation, gas prices, tariffs squeeze consumers
Posted on 08/01/2018 10:21:50 AM PDT by DCBryan1
The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs.
Janette Hendricks said she has noticed higher prices on just about everything in the past three months or so. Thats put a little pressure on the recently retired nurse in Washington. So she goes shopping less often, makes things stretch, and she always shops for things on sale. She said she has also considered going back to work to have more cushion in the budget.
The economy is doing great, so why is everyone doing so poorly? she asked.
(Excerpt) Read more at seattletimes.com ...
Doesnt fit their narrative.
Funny, when prices went up under 8 years of Obama, these stories never made it to print. Trying to figure out why.... What am I missing?
But I recall that the Light Bringer (the AA ignoramus and moron) wanted electricity prices to “necessarily skyrocket” and his head of the DOE wanted $9/gallon gas like in Europe. So energy prices rising is a good thing, right?
Planes are full. Hotels are full. Restaurants are full. Sales are up. People have jobs. And the press is trying hard to make it sound like a problem.
Let's start with there being a job to go get, something that was absent for much of the Obamas enjoying the sweet life in the White House (and golf courses and hot vacation spots...)
Now let's go to typical price realignment which happens during the summertime pretty much every year. You'll see lots of things on ‘sale’ for pretty much their previous price and then when the sale ends, you get the new higher price (or the box or can size shrank, etc.)
But yeah, things are more horrible under Trump; can't drift from the liberal line. Oh, hey, several chains are starting to offer higher starting wages because they're having trouble with employee turnover. Must be the bad economy... (please be remembering the bad economy and vote out evil Republicans... pretty please — Seattle Times.)
total BS. WSJ says manufacturing brushing off tariff effects ... not to mention all the U.S. steel mills coming back on line ...
ad then there’s this, namely retaliatory tariffs by our unfair trading partners hurting them WAY more than us:
Yah, but Seattle has a living wage! Pony up whiner.
This is horse manure. We have had a gravy train for years and years when it comes to inflation, gasoline prices and cheap chinese goods. The economy is booming and jobs are available.
10 years ago we were all going to die from deflation, now it’s inflation.
This is why most people never build wealth. They are constantly paralyzed by the latest boogie man.
I’ve been reading this crap since 1965. Fortunately I’ve ignored it.
The Seattle Times lies:
“We have had a gravy train for years and years when it comes to inflation...”
See my Post #11. We’ve had it MADE since 1981, Fer Pete’s Sake!
In fact, and with all due respect to Shadowstats, I believe we went through an eight year period of stagflation like we did under Nixon/Ford/Carter.
I'm just waiting for the San Francisco homeless problem to be blamed on Trump.
I live in a tourist area, a driving destination. I’ve never seen so many out of state plates and general traffic as this year.
Business is off the hook. Talked to a contractor yesterday. He’s booked through 2020 solid with projects.
Prices have been going up for years, the years Obama printed billions in cash and gave it to wall street to hide his disasterous finnanti policy of zero interest rates, massive debt and Quantitative Easing. It will rise for a decade at least.
Tariffs do cause a small amount of inflation. The rest of the tariff story is all to the good.
Funny. Inflation has been destroying wages since the mid-90s but we are what, suddenly noticing it, now?
As we say in Wisconsin, ‘You’re Lawrence WELK-ome!’
Seriously, if you haven’t made hay in your career or in your investments since the 80’s...you haven’t been paying attention! ;)
I’m kinda sad now that I don’t pay any income taxes...I spent a good portion of my Adult Earning Years thwarting The Tax Man at every turn. It was kind of a Hobby. I miss that. :)
Yes. You are right there. Low inflation and reasonable stock market growth over the 40 years I worked and saved.
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