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+--- Thread: Largest Price increase you have seen ? (/showthread.php?tid=22611)
Largest Price increase you have seen ? - 'elepaio - 02-05-2022
In day to day items.
Random, Friday night party junks for our worker guys.
Potato Chips 3.99/4.49. Now 5.49/6.49.
Cheap Beer 8.99. Now 13.98 !!!!!
Normal cat food out, went for cheaper version, My hands now bloody from kitty biting.
RE: Largest Price increase you have seen ? - tawyna - 02-05-2022
Price of petrol or gasoline will soon be between 6 and 7 dollars a gallon .
The national debt was 29 trillion about 48 days ago ,
Today the national debt hit 30 trillion,
Soon with interest we will be in a recession or worse .
Time to have large gardens , loaded firearms in house - cameras inside and out and fenced yards with razor wire and vicious dogs plus solar on the roof ,
Make your own chips and beer .
There is a state tax of 5.67 a gallon on all alcohol along with tax on food .
It is inflation.
Harry Kim put a 78 cent tax on top of the 30 cent tax on petrol or gasoline.
You can cook with solar at gosolar.co
and ride a bicycle if need be or take public transport like the hele- on bus
if you must.
RE: Largest Price increase you have seen ? - terracore - 02-05-2022
They say the inflation rate is 7%, the highest rate in 40 years.
The problem is that if they measured inflation using the same metrics they used 40 years ago, it would be 15%. (If this post is read in the future, the graph below may not jive with the numbers in this post because it's a hotlinked graphic (subject to change).
![[Image: sgs-cpi.gif?hl=ad&t=1642004240]](http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=1642004240)
(shadowstats.com)
And look at the money supply:
![[Image: sgs-m3.gif?hl=ad&t=1643140238]](http://www.shadowstats.com/imgs/sgs-m3.gif?hl=ad&t=1643140238)
Reverse repos consistently over $1.6 trillion:
https://fred.stlouisfed.org/series/RRPONTSYD/
RE: Largest Price increase you have seen ? - randomq - 02-06-2022
Historical P/E ratios (similar to the dotcom highs), historical participation in the markets (which peaks in the speculation before a crash), historical price vs equity (which predicts -10% per year for the next 10 years). The only surefire indicator we haven't seen yet is bond curve inversion...
I'd love to hear from you old-timers how Puna/Hilo fared during the 2000 dotcom and 2008 housing crashes. Did business dry up locally? Did the County cut jobs or pay?
RE: Largest Price increase you have seen ? - kalianna - 02-06-2022
I hadnʻt moved here yet but was visiting in ʻ09. Hilo bay front looked like a ghost town. Ruebenʻs was the only place to eat. Most of the stores boarded up. Very sad.
RE: Largest Price increase you have seen ? - ChunksterK - 02-06-2022
Did business dry up locally? Did the County cut jobs or pay - randomq
Although some went under, most established Big Island businesses came through the Great Recession OK. A lot of people were laid off, however, and I recall the foreclosure rate going through the roof as people found they couldn't pay the mortgages they took out at the peak of the real estate bubble. Some of those properties here in HPP are still derelict and/or occupied by squatters despite the current property price boom, btw. Bankruptcies were rampant as well.
Both the county and state reduced payroll via furloughs, with most government employees being sent home without pay for "Furlough Fridays." Most government offices closed on Fridays, and honestly, a lot of us (myself included) did not notice a tremendous difference in the level of services provided. The lines at some offices were a bit longer, but things got done. The mayor at the time, Billy Kenoi, put a hiring freeze on all but public safety positions. That last bit was a big hit to his patronage quotient, as giving jobs to friends, family, and political supporters is a way of life around here.
I'll never forget the look on Billy's face when I had some face to face time with him at a community meeting and said, "Well, now that we know the county can get by with 20% fewer personnel, can we expect the hiring freeze to stay in place until the numbers are down permanently." He seemed horrified and mumbled something about "exceptional circumstances" and hurried away. IIRC, Billy left the county with about the same number of employees as he started with, something that can't be said for Harry Kim who bloated the payrolls significantly.
RE: Largest Price increase you have seen ? - tawyna - 02-06-2022
We just bought an older 85 ford Ranger at Kens Towing 2 wheel drive single cab for 1800 dollars . Took it to Lex Brodies to have it gone over and it just needs a tune up and oil change , 4 cylinder in fair condition , that was the only truck they had that was legal .Now gonna sell our 96 ford 4x4 for 5 grand that needs 5K worth of work done to it .
Inflation is more like 17 percent - the U S Govt says 7 percent .
Soon rates will go up again and many more foreclosures will happen all again. Just like in the 2008 bubble burst.
Gasoline may even hit 10 dollars a gallon very soon as a barrel of oil just closed at over 91 dollars a barrel .
RE: Largest Price increase you have seen ? - kander - 02-06-2022
The amount of money that has been printed things will just get more expensive, and greatly so. The federal reserve is locked into QE forever. There will be no way they can raise rates any significant amount that will make any difference from an inflation standpoint. the second they do they wont be able to pump enough money into the stock market to keep it afloat. Keep an eye on the bond market.
They printed their way out of 2008, kicked the can down the road. That wont work again. Checkmate.
I would suggest that you stock up on cheap food now. its like an investment in your future.
RE: Largest Price increase you have seen ? - tawyna - 02-06-2022
we have large gardens and make our own fertilizers.
RE: Largest Price increase you have seen ? - randomq - 02-06-2022
A stock market crash would be healthy and should be allowed to happen. Unfortunately it would take many pensions and retirement accounts with it. Maybe instead of bailing out billion and trillion dollar companies, they should just provide a better safety net for retirees.
A lot of people planning on retiring on social security are going to have a rough time with this inflation no matter what else happens.