Why Inflation Is Minimal Is Why The Middle Class Is Struggling

The Revolutionary Act ^ | 06/05/18

[DiogenesLamp]

Milk, eggs, bread and canned soup have all remained at roughly the same level for me. Of course, I buy store brand everything. Electric rates have gone down, and gas prices are roughly the same.

I do too, but the Milk, eggs, bread and canned soup I bought between 2008 to the Present have all gone up quite a lot. Milk has effectively doubled in price. Some of that is the consequence of the big drought that occurred four or five years ago, and Ranchers ended up culling their herds greatly.

Gas prices doubled reaching around $4.00 per gallon, and then came back down to under $2.00 per gallon for awhile, and then crept up to around $2.60 now.

[DiogenesLamp]

I feel like I am the only person who notices this.

I know how you feel. I think anyone paying bills for a family noticed this.

[DiogenesLamp]

Yup. Purchasing power was badly damaged by inflation during the Idiot-Obama years.

[JohnnyP]

All to keep from having to increase social security checks, which are tied to inflation.

[DiogenesLamp]

All to keep from having to increase social security checks, which are tied to inflation.

You give stupid Obama too much credit for having any sense. No, this was about the Ego Maniac not looking bad, and nothing else. A Sh*t he did not give about how much the US government spent. This was all about him and how he looked.

[riri]

It just doesn't stop either. It's at every step. A nickle here, a dime there, $50 here, $100 there...

I went to order take out Pizza Hut the other night and they now charge an extra dollar for "pan pizza". Are you kidding me? LOL.

[elbook]

Inflation is only one factor of many.

Ask yourself WHY does everything cost more today ?

Obama and the leftists Socialized medicine and Socialized energy drove prices up hugely (labor and energy being significant expense for everything else being produced/services)

So set the blame where it really belongs.

[DiogenesLamp]

And now a “proper” tip is 15%. What happened to 10%?

[ro_dreaming]

Yes. My ATT/DirecTv bill is over $300 a month, for a “smart phone”, a tablet, both with unlimited data, and a flip phone for my dad; we have the lowest tier of DirecTv, no sports/NFL ticket/movie package. We have no other internet service, as I live in the boonies with no cable, no DSL, no uVerse, so it’s either tether to the tablet, or satellite (which is 10 Gb a month, $100, and rate limited after the 10 Gb).

My mortgage, started in 2003, has been around $1300 a month (+ escrow). My soon-to-be-ex-wife didn’t bother to pay it for 6 months or so, and I have no idea what she did with the money that was deposited into her account (don’t get me started on why we had to have separate accounts, but I’m THANKFUL now that we did).

I still don’t understand why my mobile/TV bill is so damn high, but AT&T (as well as Trim, and some of the other bill reduction services) says it’s as low as it can be. I’m thinking of moving to Dish/Verizon, because I just can’t keep paying the $330+ a month for this crap.

[Toddsterpatriot]

three large Quantitative Easing (QE) programs, combined with an increase in the Federal Reserve Balance sheet from $800 billion to $4.5 trillion,

Ummmm…….QE, the Fed buying assets with new money, is why the Balance Sheet increased. Not 2 separate events.

No inflation occurs, as those investors don’t spend that money, but rather invest it in assets such as equities, real estate, other debt and art.

And there is no way the sellers of equities, real estate, art and other assets would ever spend their profits in the economy because, DERP!

Total household debt is $13.2 trillion, also a new record.

Total household net worth is $100.768 trillion, also a new record. Total household personal income is also a new record. Total household disposable income is also a new record.

[central_va]

Oh God the globalist sycophant is back!