What's new
By:
Filters

How hard is inflation going to hit, or has hit?

Roc Doc said:
How much concrete, steel, glass, electricity, etc. do you think this place will consume? You're looking at Fab1, and there will ultimately be 6. Price tag is up to $44b now, and I fully expect that number to go up.

Click to expand...

They have announced that Rivian is building a factory in Georgia , supposed to
Cost 5 BILLION .

Gonna out a real strain on every material
And workers .

And some battery factory just got finished with the construction in Georgia. The battery factory was Korean , and they imported most of the construction workers from Korea to build it
 
roundhouse said:
Worse than the price is the three week waiting list

It was torrential rain the day the GC had scheduled to pour the walls for
My garage .

If you don’t use your concrete at your appointment time , you get bumped to the bottom of the list , and the list is currently 3 weeks long .
It’s like making a dentist appointment ,
You call and they tell
You when it’s going to be available .
Click to expand...
Agreed, its longer than that right now. Hard to deal with on a little 1 acre site/bldg job
 
roundhouse said:
And issue arrest warrants

The local
Cops near the Atlanta airport drive through all The hotel parking lots with the license plate scanners and
Few years back they got a hit on the owner of a car having a warrant .
The cops got the room
Number and arrested the woman for the outstanding warrant for an unpaid dog license .
The night before they were flying out to go
On a cruise .
Click to expand...
Why would anyone live somewhere that required you to pay for a license for a pet? That's totally fucked up to me. What's next, they make you pay for a license for keeping house plants?
 
rockota said:
The cycle is starting…

www.geekwire.com

Satya Nadella details Microsoft plan for ‘significant additional investment’ in employee compensation

Microsoft CEO Satya Nadella. (GeekWire File Photo) Microsoft plans to nearly double its global budget for merit-based salary increases, and increase its
www.geekwire.com www.geekwire.com
Click to expand...
This might get me a big raise. As I'm in a field they compete for talent in.

I think if tech does big raise to retain talent, I'll be doing ok tm through the inflation. But it will really fuck those who are already struggling or in fields that won't be raising compensation.
 
It's pretty easy to see the writing on the wall. Cali (along with several euro countries) already made the sale of gas cars illegal just 2 1/2 short years from now. Next it will be illegal to own a gas powered anything (I'm sure they will give out state issued permits to those whom the rules don't apply) and even if you could get one they are doing a fine job making fuel itself unaffordable to most. Then we will be forced to adhere to the green new deal and all its nonsense.

But wait there's more

We already don't have the battery raw materials worldwide to keep up with demand. power grid brown outs and shortage is already happening but let's all plug our cars in every night. I'm sure all of that won't get worse when there is no other choice but to get an EV. So guess what? Only the mega rich elite will be able to afford personal transportation while the rest of us are told to suck it up and ride the bus for the greater good. But don't worry. You will be to distracted finding enough food & water to feed you and yours to worry about all that by then.

hard to gather in numbers, travel towards those in power and demand change when we are all driving our lamborfeeties thru a bread line.

It's all by careful design set in motion long ago. They don't want you to have the ability to do anything.

"You will own nothing. Eat the bugs and play in the metaverse"
-Klaus Schwab grand wizard of the WEF
 
Scott Cee aka 2drx4 said:
Why would anyone live somewhere that required you to pay for a license for a pet? That's totally fucked up to me. What's next, they make you pay for a license for keeping house plants?
Click to expand...
Why would anyone live somewhere with government quotas on the production of cheddar cheese specifically?
 
Scott Cee aka 2drx4 said:
Why would anyone live somewhere that required you to pay for a license for a pet? That's totally fucked up to me. What's next, they make you pay for a license for keeping house plants?
Click to expand...
y7922tugxfw21.jpg
 
Trackerbacker(fvckvs) said:
clue me in....when what why?
Click to expand...
England, TV license, socialist bullshit.


From Wikipedia, the free encyclopedia




This article includes information on TV licensing on the Isle of Man and the Channel Islands which is regulated by the United Kingdom's TV licensing authority.
280px-TV_licence_%283714001810%29.png
A British TV licence
In the British Islands, any household watching or recording television transmissions at the same time they are being broadcast is required by law to hold a television licence. This applies regardless of transmission method, including terrestrial, satellite, cable, or for BBC iPlayer internet streaming. The television licence is the instrument used to raise revenue to fund the BBC; it is considered to be a form of hypothecated taxation.[1]
Businesses, hospitals, schools and a range of other organisations are also required by law to hold television licences to watch and record live TV broadcasts.[2] The licence, originally a radio licence, was introduced in November 1923 by the Wireless Telegraphy Act 1923 and cost 10 shillings per annum. The licence was extended to televisions at a cost of £2 in June 1946. The radio part was abolished in February 1971.[3] A television licence is also required to receive video on demand programme services provided by the BBC via its iPlayer service.
Since April 2021, the annual cost has been £159.00 for a colour licence and £53.50 for a black and white licence. Income from the licence is primarily used to fund the television, radio and online services of the BBC. The total income from licence fees was £3.83 billion in 2017–18,[4] of which £655.3 million or 17.1% was provided by the government through concessions for those over the age of 75 (this subsidy has now been phased out). Thus, the licence fee made up the bulk (75.7%) of the BBC's total income of £5.0627 billion in 2017–2018.[4]
In May 2016, the government's white paper announced that the licence fee would rise with inflation for the first five years of the Charter period, from 1 April 2017.

Television licensing in the United Kingdom - Wikipedia
 
Trackerbacker(fvckvs) said:
clue me in....when what why?
Click to expand...
In the UK you had to pay for a TV license because that's how they financed the BBC. Since the programming was over the air they couldn't charge a user fee that way, unlike cable. So they would expect you would pay for a license for each TV every year. Obviously people didn't, so they made "TV detector vans" (they're just for show) and drove around demanding to inspect homes that weren't paying for a TV license. The whole thing is pretty insane and might well still be happening to some extent...
 
Trackerbacker(fvckvs) said:
clue me in....when what why?
Click to expand...

Over here they do.
Then they send you an invoice for the years you missed to pay. It's 20$ a month, and there is basically no way out. They say they deliver non-privatized news. And they actually do. Also, no ads during shows/movies - just before and after (which is a violation but ...) But then again we all know what government-controlled media does ACTUALLY...

GEZ: Beitragsservice von ARD, ZDF und Deutschlandradio - Wikipedia
GEMA goes to shops, clubs, and restaurants and checks if they pay their dues to the copyright holder. Basically, a good thing, if...
 
Thatg9659 said:
You should hear the statists supporting it, but we have really good shows & programming! you don't understand it's worth it!

:homer:
Click to expand...
Given that the BBC has moved from being a fairly objective news outlet to full fledged socialist propaganda I'd say it's especially infuriating.

In Canada we have the CBC, but it's just funded with stolen/tax dollars. Same thing, they have gone full propaganda and were actually cheering for the Liberal party during the last federal election. Now there's actually a movement to defund them and sell off the assets. I hope it happens.
 
Scott Cee aka 2drx4 said:
Why would anyone live somewhere that required you to pay for a license for a pet? That's totally fucked up to me. What's next, they make you pay for a license for keeping house plants?
Click to expand...
That's allegedly a thing at home. I've never bothered with it. My dog isn't a car... and even a car I don't agree with having to register.
 
The beatings will continue until moral improves.

Fed will keep increasing interest rates until the price of things stops rising.

They really are this stupid. As long as the price of goods comes down they'll claim victory on inflation. Unemployment could be sky high, and they'll claim victory because the price of gas went below $4.

Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession.

The Fed's increases in its benchmark short-term rate typically lead, in turn, to higher borrowing costs for consumers and businesses, including for mortgages, auto loans and credit cards.

“What we need to see is inflation coming down in a clear and convincing way,” Powell said in remarks to a Wall Street Journal conference. “And we’re going to keep pushing until we see that.”

The Fed chair, who was confirmed last week by the Senate to a second four-year term, suggested that the Fed would consider raising rates even faster if price increases fail to moderate.

“What we need to see,” Powell said, “is clear and convincing evidence that inflation pressures are abating and inflation is coming down. And if we don’t see that, then we’ll have to consider moving more aggressively. If we do see that, then we can consider moving to a slower pace.”

And he said the Fed “wouldn’t hesitate” to push its benchmark rate to a point that would slow the economy if needed. While it is unclear what level that might be, Fed officials peg it at about 2.5% to 3%, roughly triple its current setting.

Powell’s remarks Tuesday followed other statements he has made that have indicated the Fed is implementing a series of rate hikes that could amount to the fastest tightening of credit in more than 30 years.

At a meeting earlier this month, the Fed raised its key rate by a half-point — double the usual increase — for the first time since 2000, to a range of 0.75% to 1%. And at a news conference after the meeting, Powell suggested that Fed officials would continue to raise its rate by a half-point, at both its June and July meetings.

The Fed chair appeared unconcerned Tuesday about the stock market’s sharp decline over the past six weeks. Those declines partly reflect concern on Wall Street that the Fed’s efforts to rein in inflation, which has reached 40-year highs, could weaken the economy so much as to trigger a recession. Stock prices also often fall as interest rates rise, increasing the return from bonds.

When asked if the Fed’s rate hikes could disrupt financial markets, without necessarily bringing down inflation, Powell responded, “I don’t see that happening.”

The interest rate, or yield, on the two-year Treasury note has risen steadily since the start of the year, which Powell pointed to as a sign that Wall Street expects the Fed to keep tightening credit. Such expectations should help slow borrowing and spending, and cool the economy.

“It’s been good to see financial markets reacting in advance” of upcoming rate hikes, Powell said. “That’s what we need.”

The S&P 500, a broad market index, has tumbled about 15% from its January peak. That’s just short of the 20% decline that marks a bear market. Yet many economists say Powell is unlikely to let market disruptions change the Fed’s path, given that inflation has soared to such high levels and is causing hardships for millions of households.

“The markets are orderly, they’re functioning,” Powell said. “There are some volatile days and volatile markets, but so far, I see us as getting through this fairly well.”

The Fed chair also suggested, more explicitly than before, that the central bank’s efforts to bring down inflation may result in some people losing their jobs, pushing up the unemployment rate.

Powell said the Fed’s goal was to cool off consumer and business spending and bring it more into line with the restrained supply of goods and workers. That, in turn, should tame inflation.

The Fed hopes to accomplish that, Powell said, while keeping the job market strong. But that doesn’t mean the unemployment rate would necessarily stay at 3.6%, where it is now, he said.

“You’d still have quite a strong labor market if unemployment were to move up a few ticks,” he said.
Click to expand...
 
RunningProblem said:
The beatings will continue until moral improves.

Fed will keep increasing interest rates until the price of things stops rising.

They really are this stupid. As long as the price of goods comes down they'll claim victory on inflation. Unemployment could be sky high, and they'll claim victory because the price of gas went below $4.
Click to expand...

You're the one who doesn't understand. That's how it works. You can't tame inflation without hurting the economy. Nobody said it would be fun. Fuel prices, while no doubt influenced by inflation, are primarily a reflection of asinine executive policies, not central bank dumbassery.

And they can't make the price of goods come down. The best they can do is stop making them go up.
 
Just had my first ever $400+ grocery bill for a family of 4 :eek: I didn't even splurge on crab legs or steaks either
 
Kaptain said:
Just had my first ever $400+ grocery bill for a family of 4 :eek: I didn't even splurge on crab legs or steaks either
Click to expand...
On the plus side of that, you may see that bill go down. And it won't be because the costs go down either. :homer:
 
Kaptain said:
Just had my first ever $400+ grocery bill for a family of 4 :eek: I didn't even splurge on crab legs or steaks either
Click to expand...
I made a dire mistake a couple months ago, took wife and kids out for breakfast... let her talk me into us loading up on groceries.... "we can use 2 buggies, get a months worth".

$600. Six cock hundred fucking dollars. And it wast even 2 full buggies.

[old_man] "My first house payment wasn't even $600!!!!"
 
I've never heard the term buggies used for grocery carts before. :laughing:

I'm going to need to go this weekend. Wife went the last time. My turn now. Ma says things are getting a bit light on the shelves.
 
arse_sidewards said:
You're the one who doesn't understand. That's how it works. You can't tame inflation without hurting the economy. Nobody said it would be fun. Fuel prices, while no doubt influenced by inflation, are primarily a reflection of asinine executive policies, not central bank dumbassery.

And they can't make the price of goods come down. The best they can do is stop making them go up.
Click to expand...
This is what I was getting at. Federal Government wants control of inflation. They had zero control under President Trump. The standard believe that "2% inflation controlled by the Government was good" was proven wrong.

thehill.com

Trump touts ‘very low inflation’ amid push for Fed rate cut

President Trump on Friday hailed the release of federal data showing low inflation as he presses the Federal Reserve to cut interest rates.Trump praised the Friday release of the consumer price ind…
thehill.com thehill.com
The Fed has sought to prevent inflation from rising beyond its 2 percent target as the economy expanded by raising interest rates nine times since 2015. The Fed’s preferred gauge of inflation — the personal consumption expenditure index minus food and energy — only rose 1.6 percent since April 2018.
Click to expand...

Oh wait....it was probably due to Obama's policies like all good Democrats say.
 
RunningProblem said:
This is what I was getting at. Federal Government wants control of inflation. They had zero control under President Trump. The standard believe that "2% inflation controlled by the Government was good" was proven wrong.

thehill.com

Trump touts ‘very low inflation’ amid push for Fed rate cut

President Trump on Friday hailed the release of federal data showing low inflation as he presses the Federal Reserve to cut interest rates.Trump praised the Friday release of the consumer price ind…
thehill.com thehill.com


Oh wait....it was probably due to Obama's policies like all good Democrats say.
Click to expand...
every time someone tries to centrally control something... it fails.
 
You must log in or register to reply here.
Top Back Refresh