Get Ready. Inflation Is Only Just Beginning

@porwest Damn it! That ain't good for anyone. I hope grocery prices will not skyrocket.

@lovebuglena Grocery prices already have skyrocketed, and will probably rise faster than anything else other than gas.

For the most part, in the U.S., there are always things that can be done to slow things down a bit. But inflation is still a beast of its own. But many factors influence it. A lot of what is driving this inflation has to do with the threat of a higher taxes, the shutting down of the XL pipeline and more dependence on foreign oil, the push for green technology, and let's not forget all of those stimulus checks that were sent out which was literally printed money. There is a lot going on here, and I think for the foreseeable future inflation is not only here to stay. It is going to get much worse and fast.

Even the picture I posted along with this doesn't tell the whole story. There is a lot more than just the printing of money that is behind this. But it is what it is. We can only deal with it.

@CarolDM Unfortunately the crazy hitting us now is right out of our wallets. But we know why.

@porwest Crazy times are getting crazier.

How correct this post and both my and your prediction turned out to be brutally correct. In fact, it probably turned out worse than I could have imagined a year ago when I wrote this post. Anyone still out there wanna listen to me? lol I can go back to many old posts where I predicted something and was told I was nuts that I could later point out turned out to be right. Oh well, all I can do is keep trying. lol

@porwest The sad part is that the anti-Trump crowd still doesn't realize that his policies were sound. Even in the face of this kind of turmoil, it's still all his fault. Biden is getting a free pass. I was called a lunatic, an idiot and many other names but after the dust settled, it turns out that I was the one thing that I was never called. Accurate.

@Vikingswest1 It's like Ronald Reagan once joked, "If you want to piss off a conservative, tell him a lie. If you want to piss off a liberal, tell him the truth." It may be a funny joke. But it is also completely true. lol

@porwest I absolutely don't remember it anywhere close to $2 last year. It has been in the upper $2s for quite awhile now. You are right. I don't pay much attention to gas prices. I don't have to fill up my little go-kart more often than every 3 weeks. I have to use super/premium and they never display THAT price. I just give them my debit card and let them go wild with it for 10 gallons. It was only after my dad made that comment that I started looking at gas prices as I passed gas stations.

@NJChicaa Does this post, as correct as it was, now give you some pause? Maybe Porwest actually DOES know a thing or two? lol

I don't think you have paid much attention to gas prices. I just looked at a historical chart for New Jersey. In June of 2020 the average price for a gallon of gas was $2.08. In June of 2021 in New Jersey the average price for a gallon of gas is $3.05. That is an increase of 46.63%. What do you mean no change?

@porwest You are right. Unfortunately.

It will only get worse. Unfortunately.

@thelme55 Looking back on this post it is scary to think how right it was.

@porwest we must keep our eyes open to save as much as we can.

@nela13 That's key. In times like these the best strategy is to have a strategy.

It is getting there and quickly. Time to hunker down and get really creative.

Hopefully the unemployment offerings are coming to a head. Especially since we are in a situation where employers are literally begging for workers. My thinking is that if there is a glut of open jobs out there waiting to be filled, there is no need to extend a safety net. But, we will see. As for Pizza Hut's situation, this is a situation affecting many employers. It's not just the push for the $15 minimum wage driving this. It's the fact that with the unemployment benefits still out there employers are forced to make more enticing offerings to lure in workers. But yes...someone has to pay for that, and it won't be the business. It will be the customers. On top of that, businesses are fully anticipating higher taxes, so that is driving some of this as well. And of course with fuel costs rising, that makes getting all the goods to the end user more expensive too. Lots of things driving this inflation.

lol. On the first comment. Yeah. Simple, easy peasy lemon squeezie. I just wish people understood better all the things that influence this that seem like good ideas, but turn out to bite us in the butt big time in the end. It is what it is. All we can do is deal with it the best we can. But it's going to get quite a lot more painful in the very near term. Crazy ride is right.

Being one who watches prices very closely, I disagree. There was a runup on certain items. But most other things held down their price. There are myriad things driving this current inflation. I also look at the official measure of inflation, and it was nearly stagnant for the past 8-10 years. The inflation we are seeing now is the highest in 11 years.