American Economics Thread

manqiangrexue

Brigadier
All of this because you can’t handle the fact that there isn’t hyperinflation in the U.S.
LOLOLOL Noooo, you can't read, can you? I didn't say there's hyperinflation in the US. I don't think there is and you probably don't know what the term means if you thought anyone else here was claiming it. All this is because I'm wondering why you'd be so stupid as to issue a challenge to anyone to find a single thing that doubled in price in 10 years. I even said that finding such things, as I did, doesn't prove anything about the US economy; it only proves your personal ineptitude in data interpretation.
Except no. The article doesn’t provide prices, which are provided otherwhere which show it’s a ~68%, not a ~168% increase.
LOLOL Back to digging this hole deeper.

1. The TITLE says there is a doubling.
2. The MacNugget is listed at an 83% increase. If they made a mistake, and not you, then that would mean that the MacNugget fell to 83% of the prices 10 years ago.

You are stupid. You cannot read data. You don't know basic math or percentages. You said that a 168% increase is less than doubling. Nobody made any mistake but you and you can never escape that fact. But being 'Murcan, you're all nonsensical excuses and never self-reflection or improvement. It's what I love to see in rival countries: clearly wrong as shit, but never admit it and never improve.
No. The average NEW home has not increased since 2011.
So what, the old homes increased in size? LOLOL Everyone adding that new wing to the house, eh? LOL
But NEW homes are not all homes, and even if new homes are not increasing in size, average homes still can be since homes that are destroyed are smaller than homes that are being built.
The homes being built are new homes. You're like a snake trying to eat its own ass.
To wrap this up - the evidence presented counts against “prices doubling in 10 years” since home sizes have increased, the list price doubled in only 70 metro areas (and these were the highest increases across all ~350ish U.S. metro areas), and thus the true inflationary effect is smaller than double.
To wrap this up, I provided a chart with definitive data and you're just word-diarrheaing with imaginary scenerios. And also, you asked for 1 thing that doubled; that article provided 70. You don't get to argue that they can be diluted by lesser hit areas because you asked for 1 thing. I've found many. This isn't about a fair argument; it's about showing you how stupid your challenge is.
Anyways; this was a lot just to say that there, indeed, was not 7% inflation between 2010-2020 in the United States.
Anyways, that's not what I said at all and we can add reading comprehension to your list of deficiencies. This is a lot just to say that you're incompetent at data interpretation, incapable of admitting your mistakes, and now, deficient at reading comprehension as well.

Oh and you never actually provided the aggregate data needed to prove the 7% wrong. I don't know (or care) if it's 7% or not. I'm just watching you flounder around with useless random data and broken logic trying to prove something false just because you don't want it to be true.

"This one burger increased by 168%, which is the same as 68% because I hope that's what the reporter meant, and s/he said it's the biggest increase s/he has seen in the 8 restaurants s/he went to so that means that the whole of the US couldn't have went up by more than 68%." LMFAO sound like you didn't even make it through community college!
The BLS CPI index is broadly accurate (with of course, the endless debates over laspreyes/paache indexes, weightings, hedonic indexes, etc) but it’s aside the point - price levels didn’t double between 2010 to 2020 so ShadowStats is wrong.
Except you can't prove it's wrong because you don't know jack about finding the right data an interpreting it. You can only imagine and use broken logic to make yourself feel better.
 
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CMP

Senior Member
Registered Member
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These hedonic adjustment is just so crazy. Dies the consumption basket change? Like for cell phone, I think hedonic adjustment must be making a new phone a low price when the latest iphone is 1200 USD.
The fake deflation is probably just an artifact of advancing technological capabilities. They're not comparing it to the cost to buy a new model today in an equivalent tier (Apple v Samsung v etc., Flagship v lesser models). They're comparing it to the cost to buy a model with the actual specifications equal to those in 2019. It's a sneaky way to make inflation look lower than it actually is.
 

tokenanalyst

Brigadier
Registered Member
The fake deflation is probably just an artifact of advancing technological capabilities. They're not comparing it to the cost to buy a new model today in an equivalent tier (Apple v Samsung v etc., Flagship v lesser models). They're comparing it to the cost to buy a model with the actual specifications equal to those in 2019. It's a sneaky way to make inflation look lower than it actually is.
Yes, Is not necessary deflation but technological depreciation, of course the price of electronics are going to fall as new better electronics take over, nobody is going to pay the same price for a 2015 desktop CPU than for a 2023 desktop CPU.
 

CMP

Senior Member
Registered Member
Yes, Is not necessary deflation but technological depreciation, of course the price of electronics are going to fall as new better electronics take over, nobody is going to pay the same price for a 2015 desktop CPU than for a 2023 desktop CPU.
Exactly. In that sense, I consider this to be one among many other sneaky ways used by the gov to make inflation look lower than it really is. In reality, the vast majority of the population is falling way behind the inflationary curve, with the people around the ~82-87 percentile income rank just keeping up.
 

PiSigma

"the engineer"
LOLOLOL Noooo, you can't read, can you? I didn't say there's hyperinflation in the US. I don't think there is and you probably don't know what the term means if you thought anyone else here was claiming it. All this is because I'm wondering why you'd be so stupid as to issue a challenge to anyone to find a single thing that doubled in price in 10 years. I even said that finding such things, as I did, doesn't prove anything about the US economy; it only proves your personal ineptitude in data interpretation.

LOLOL Back to digging this hole deeper.

1. The TITLE says there is a doubling.
2. The MacNugget is listed at an 83% increase. If they made a mistake, and not you, then that would mean that the MacNugget fell to 83% of the prices 10 years ago.

You are stupid. You cannot read data. You don't know basic math or percentages. You said that a 168% increase is less than doubling. Nobody made any mistake but you and you can never escape that fact. But being 'Murcan, you're all nonsensical excuses and never self-reflection or improvement. It's what I love to see in rival countries: clearly wrong as shit, but never admit it and never improve.

So what, the old homes increased in size? LOLOL Everyone adding that new wing to the house, eh? LOL

The homes being built are new homes. You're like a snake trying to eat its own ass.

To wrap this up, I provided a chart with definitive data and you're just word-diarrheaing with imaginary scenerios. And also, you asked for 1 thing that doubled; that article provided 70. You don't get to argue that they can be diluted by lesser hit areas because you asked for 1 thing. I've found many. This isn't about a fair argument; it's about showing you how stupid your challenge is.

Anyways, that's not what I said at all and we can add reading comprehension to your list of deficiencies. This is a lot just to say that you're incompetent at data interpretation, incapable of admitting your mistakes, and now, deficient at reading comprehension as well.

Oh and you never actually provided the aggregate data needed to prove the 7% wrong. I don't know (or care) if it's 7% or not. I'm just watching you flounder around with useless random data and broken logic trying to prove something false just because you don't want it to be true.

"This one burger increased by 168%, which is the same as 68% because I hope that's what the reporter meant, and s/he said it's the biggest increase s/he has seen in the 8 restaurants s/he went to so that means that the whole of the US couldn't have went up by more than 68%." LMFAO sound like you didn't even make it through community college!

Except you can't prove it's wrong because you don't know jack about finding the right data an interpreting it. You can only imagine and use broken logic to make yourself feel better.
Remember this guy is always sleeping as a student. Even through basic elementary school math, don't be too hard on him.
 

Franklin

Captain
All of this because you can’t handle the fact that there isn’t hyperinflation in the U.S.
Just because there is no hyperinflation in the US today that doesn't mean there won't be hyperinflation in the future.

The problem is that the US is now stuck between high inflation and high debt that will either end in a massive financial crisis or runaway inflation. There is no middle road. Either the US defaults on its debts or they will have to ease in order to keep the debt payable. And if you look at gold prices, oil prices, the CRB index and with no end in sight with deficit spending and with the FED announcing they will ease. In the future inflation in the US will only go up from here.

The current issue is that the high interest rates are bankrupting the banks in the US as they are sitting on trillions of dollars of low yielding assets due to more than a decade of artificially suppressed rates. The banks are losing big time on the assets on their balance sheets and if the FED doesn't do something we will have a massive crisis on our hands. So it's likely that the FED will end up cutting rates while inflation is continuing to grow.
 

zbb

Junior Member
Registered Member
Does it also take into account that not only is fast food more expensive now, it also tastes even shittier?
The curious thing is that the BLS selectively applies hedonic quality adjustments only to cases where quality has supposedly improved and the adjustments result in lower inflation numbers. They never apply such adjustments in cases where quality worsened and the adjustment would result in higher inflation numbers. The most glaring example being airline fares where seats and legroom have gotten smaller and food service and luggage allowances have been reduced significantly over the years.
 

jiajia99

Junior Member
Registered Member
Food is typically grown locally and housing is also local. Both made in the US. And those had huge inflation values. Other US home grown goods and services also have had huge inflation. If it wasn't for Chinese imports, I think there would be ShadowStats levels of inflation in the US across the board.

You cannot expect to massively increase the monetary supply without consequences. The US printed its way out of the Recession in the beginning of the last decade. This printing only increased during the lockdowns.

Why do you think people sought Bitcoin and Gold as safe havens?
Here’s what I think, Bitcoins use is only if the electricity grid works and if you can actually get the cash out to by stuff, if it cannot be done, then it is useless. Also gold is a time old storage of value, that is true but in the event that the government demands all gold to be given to the government or else, unless you can hide you gold in a vault where no one ca find it, then you are in trouble if the government invents and excuse to invade your property and take it against your will. Should things really go the way of a civil war, both of those things will be worthless compared to guns or an escape route out of the country. I could be exaggerating but with the USA going off track like this, no one can be sure
 
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