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Is Hyperinflation Around The Corner?! (Dave Ramsey Shocks Listeners)

DerekJohnson
DerekJohnson Administrator, Swaye's Wigwam Posts: 68,578 Founders Club
edited May 2022 in Tug Tavern
https://www.youtube.com/watch?v=f7r8abhLwzg
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  • ntxduck
    ntxduck Member Posts: 6,145
    It’s not. But if it was and Ramsey thinks so, isn’t going anti-Ramsey and going insanely in debt the answer?
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  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,578 Founders Club
    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,141 Standard Supporter
    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    What does the hookers and blow index stand at right now vs. this time a year ago?

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  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    How much did this exactly total 1 year ago?
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  • ntxduck
    ntxduck Member Posts: 6,145
    BennyBeaver said:

    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    How much did this exactly total 1 year ago?
    Pretty much the same. Inefficient supply chains get passed on to the consumer. Meat especially.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,239 Founders Club
    ntxduck said:

    BennyBeaver said:

    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    How much did this exactly total 1 year ago?
    Pretty much the same. Inefficient supply chains get passed on to the consumer. Meat especially.
    Pre covid the rib steaks were always "on sale". Since Covid they've been full price.

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  • creepycoug
    creepycoug Member Posts: 24,082
    edited April 2021
    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    A couple of coffee drinks at 5:00am? Overnight guest perhaps Stalin? Do tell.
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  • creepycoug
    creepycoug Member Posts: 24,082
    RaceBannon said:

    ntxduck said:

    BennyBeaver said:

    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    How much did this exactly total 1 year ago?
    Pretty much the same. Inefficient supply chains get passed on to the consumer. Meat especially.
    Pre covid the rib steaks were always "on sale". Since Covid they've been full price.

    Ribeye superiority guy.
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  • greenblood
    greenblood Member Posts: 14,560
    edited April 2021
    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    Make your own coffee and stop buying lattes. I just saved you $15, you’re welcome
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  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,578 Founders Club
    BennyBeaver said:

    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    How much did this exactly total 1 year ago?
    Well let's see, I buy Primotaglia Turkey... They used to be $5.99 a package, then it went to $6.99, and now it's $8.39

    The bacon I buy is now $7.99, and it was about $5.49 a year ago

    The coffee drinks I buy are $1 more

    The veggies seem like they're up by about 20%

    So if today the total was $48, a year ago it would have been around $40
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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,773 Founders Club
    DerekJohnson said:

    BennyBeaver said:

    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    How much did this exactly total 1 year ago?
    Well let's see, I buy Primotaglia Turkey... They used to be $5.99 a package, then it went to $6.99, and now it's $8.39

    The bacon I buy is now $7.99, and it was about $5.49 a year ago

    The coffee drinks I buy are $1 more

    The veggies seem like they're up by about 20%

    So if today the total was $48, a year ago it would have been around $40
    Inflation is 2%
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  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,578 Founders Club
    greenblood said:

    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    Make your own coffee and stop buying lattes. I just saved you $15, you’re welcome
    I've never bought a latte for myself in my entire lifetime
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  • Doog_de_Jour
    Doog_de_Jour Member Posts: 8,041 Standard Supporter
    DerekJohnson said:

    BennyBeaver said:

    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    How much did this exactly total 1 year ago?
    Well let's see, I buy Primotaglia Turkey... They used to be $5.99 a package, then it went to $6.99, and now it's $8.39

    The bacon I buy is now $7.99, and it was about $5.49 a year ago

    The coffee drinks I buy are $1 more

    The veggies seem like they're up by about 20%

    So if today the total was $48, a year ago it would have been around $40
    Yup. I’m pretty sure we had a thread a month or two talking about this. You think the price of gas has caused economic problems, wait until we see food or water prices go up.

    If COVID didn’t kill some restaurants, this will.

    I don’t know how much of it can be attributed to COVID supply chain issues or to inflation, but it’s probably abundance.
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  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    You guys sound kinda poor.
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  • creepycoug
    creepycoug Member Posts: 24,082
    edited April 2021
    Doog_de_Jour said:

    DerekJohnson said:

    BennyBeaver said:

    DerekJohnson said:

    I went to the store at 5a.m. this morning. I bought some vegetables, a couple coffee drinks, some premium sliced turkey and bacon. The total was almost $50. Prices are going up.

    How much did this exactly total 1 year ago?
    Well let's see, I buy Primotaglia Turkey... They used to be $5.99 a package, then it went to $6.99, and now it's $8.39

    The bacon I buy is now $7.99, and it was about $5.49 a year ago

    The coffee drinks I buy are $1 more

    The veggies seem like they're up by about 20%

    So if today the total was $48, a year ago it would have been around $40
    Yup. I’m pretty sure we had a thread a month or two talking about this. You think the price of gas has caused economic problems, wait until we see food or water prices go up.

    If COVID didn’t kill some restaurants, this will.

    I don’t know how much of it can be attributed to COVID supply chain issues or to inflation, but it’s probably abundance.<</b>/blockquote>

    This, to me, is the key question. Supply chain issues are temporary and fixable; the type of inflation @HoustonHusky talks about is more problematic IMO.
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