Kelly Slater status
- Feb 25, 2020
Right? I’m programmed to buy food at the grocery store which is why groceries are up 20%. Do you have evidence that this is consumer demand side inflation rather than money supply side? Besides UMC corporate yuppies such as yourself, is everyone out buying more dumb sh!t or are prices up because there is more money chasing the same number of goods while demand remains the same? It’s definitely the matter in my case. And my neighbors’ case. They’re Lebanese and have already lived through a ton of inflation and know what it’s like. In Lebanon right now there’s such rampant inflation that people can’t afford food. How exactly is that due to people just buying more dumb sh!t?this
for the first time Debit Card spend has outdone Credit Card spend.
Now that's a telling point.
the supply chain cannot keep up with the demand generated by people buying tons of crap
people buying tons of crap was a way for them to deal with the frustration and restrictions of the pandemic but all these demand buyers which is the current engine of the US economy forgot that about the negative impact of the pandemic to the supply side. Remember when there was a meat crisis last year? Multiply that by every type of goods and you can see why things go up with scarcity.
Quit buying crap and maybe the supply side can catch up.
but in the US we are programmed to buy buy buy buy buy buy buy
TV and the internet made it too easy...One click
Thanks for this nuclear level Boomer gaslighting