▲ 817 ▼ $3 for a single McDonald's hash brown? Some customers are fed up and pushing back (www.ksl.com) submitted 2 years ago by _number8_@lemmy.world to c/news@lemmy.world 279 comments fedilink hide all child comments "Even though we're pushing through pricing, the consumer is tolerating it well," he said in October analyst call. normal way to talk about 'fellow' human beings
[–] Knock_Knock_Lemmy_In@lemmy.world -1 points 2 years ago (1 child) There have been reports that the current inflation isn't driven by the state of the economy at all, but just corporate greed. Corporate greed definitely exists, but printing $15 Trillion also has an effect. permalink fedilink source parent hideshow 2 child comments replies: [–] saintshenanigans@programming.dev 8 points 2 years ago (1 child) I'm no financial analyst and im no good at all of the legal jargon, but aren't the notes below this chart explaining they changed how they calculate this right around may 2020? Like I said, I'm illiterate when it comes to the technical side of this stuff, so I just googled and from what I'm gathering from this article below, the fed changed the rules for what defines a savings account so they're almost the same as checking, and that caused them both to get reported in M1 and that's the majority of that surge of cash. Feel free to correct me with better evidence, like I said again, I'm just trying to understand the legal wording here: https://collabfund.com/blog/the-fed-isnt-printing-as-much-money-as-you-think/ permalink fedilink source parent hideshow 2 child comments replies: [–] Knock_Knock_Lemmy_In@lemmy.world 5 points 2 years ago* (last edited 2 years ago) True. If we stick to the older definition of M1 then it increases only by 125%. From 4 to 9bn If we look at M2 which includes M1 then we still see the massive recent increase in the money supply. permalink fedilink source parent
[–] saintshenanigans@programming.dev 8 points 2 years ago (1 child) I'm no financial analyst and im no good at all of the legal jargon, but aren't the notes below this chart explaining they changed how they calculate this right around may 2020? Like I said, I'm illiterate when it comes to the technical side of this stuff, so I just googled and from what I'm gathering from this article below, the fed changed the rules for what defines a savings account so they're almost the same as checking, and that caused them both to get reported in M1 and that's the majority of that surge of cash. Feel free to correct me with better evidence, like I said again, I'm just trying to understand the legal wording here: https://collabfund.com/blog/the-fed-isnt-printing-as-much-money-as-you-think/ permalink fedilink source parent hideshow 2 child comments replies: [–] Knock_Knock_Lemmy_In@lemmy.world 5 points 2 years ago* (last edited 2 years ago) True. If we stick to the older definition of M1 then it increases only by 125%. From 4 to 9bn If we look at M2 which includes M1 then we still see the massive recent increase in the money supply. permalink fedilink source parent
[–] Knock_Knock_Lemmy_In@lemmy.world 5 points 2 years ago* (last edited 2 years ago) True. If we stick to the older definition of M1 then it increases only by 125%. From 4 to 9bn If we look at M2 which includes M1 then we still see the massive recent increase in the money supply. permalink fedilink source parent