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> At what point does the massive pile of money injected into the economy translate into large price increases(i.e. inflation)? A burger at a nice restaurant in
by quotemstr 7y ago
> At what point does the massive pile of money injected into the economy translate into large price increases(i.e. inflation)?
A burger at a nice restaurant in Seattle can now cost you $18-$20. Maybe we're already in an era of more intense inflation and just don't realize it yet.
- ethbro 7y agoWealth inequality.
- 01100011 7y agoI went to buy a chocolate bar at Target yesterday. What used to be $3 for 3.5oz is now $3.98 for 3.15oz. I think it's been creeping up in some areas for a while now, but I don't see it as inevitable, across the board inflation just yet. Gas is still cheap. Utilities haven't gone up much for me. Rent is definitely up in CA, but I'm not sure how things are in the rest of the country. Generally, I haven't noticed inflation in most things I regularly purchase. Honestly, I work in tech and have a large, fixed alimony payment, so I could personally use some inflation.
- WillPostForFood 7y agoHow about housing?
- 01100011 7y agoDefinitely a bubble. I wonder though, it seems, at least in CA, that the prices are up but sales volume is down. People, perhaps, aren't converting the market increases into liquid assets. Maybe they're pulling refi's? Otherwise, a bubble in real estate may not be translating to any sort of broader economic gain?
- ksec 7y ago>I went to buy a chocolate bar at Target yesterday. What used to be $3 for 3.5oz is now $3.98 for 3.15oz. Are you sure the price increase is really because of the cost of chocolate increase or the rent of Target within your area or labour of your area increased?
- JamesBarney 7y agoThat's just caused by a lot of high earning tech people moving to Seattle. But there are tons of different groups that track inflation and all of them come up with pretty much the same answer. There isn't much inflation right now.
- lotsofpulp 7y agoBased on my businesses (and household expenses), there are two USs. Certain locales have increasing costs of for just about everything every year, and certain locales are stagnant.