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How Bad is The Cost of Living Squeeze In the US?

newtboy says...

I’m still waiting for you to explain how 75% inflation over 22 years becomes 150% increased prices under Biden as you claimed. Please, I need your expertise in mathematics to make the world make sense. 😂


To my dumber than a bag of hammers-
😂 🤦‍♂️ 😂
So that’s a “yes”, you do think the economy is worse now than in 2020 solely because inflation is doubled and you don’t understand earnings/purchase power . 🤦‍♂️
I grant you, inflation is still elevated, but down near 2/3 and well below what other countries are experiencing, so is getting better not worse. Hyperactive economies can tend to have inflation issues, and the Biden economy exploded like it was made of lithium deuteride.

Yes booby, prices have gone up on average, they always do…and on average everyone makes more too….much more. If prices go up 3% and wages go up 6% you have 3% more buying power, A GAIN…that’s pretty basic math for it to go so far over your head. In 2020 prices went up near 1.5% (for items still on shelves) but wages went DOWN near 6% (for those who were still employed) for a >7% LOSS in buying power. See how Bidenomics is better yet?

Probably not…ask a 3rd grader…is being able to buy 3% more yearly better than only being able to buy >7% less than last year?

Earning power is rising fast, double inflation, so are GDP and employment rates unlike under Trump when not only was there still inflation (granted much less thanks to the floundering MAGA economy) but wages actually went down significantly GDP went NEGATIVE and up to 20 million jobs evaporated thanks to mismanagement (NZ didn’t have that problem).

When inflation is barely above 3% and wages are rising at near 6%, yes, things cost more, and average people can also BUY MORE you fucking idiot.
I know, that’s keeping two things in your head at once, so impossible for you to comprehend, but trust me, that’s reality. You should try it some time.
You think you have something because inflation went up, largely thanks to Trumps horrific last year of hyper spending and the economic crash his mismanagement caused but also due to Biden’s economic recovery outpacing the most optimistic predictions…but you are too dumb to see the other half of the earning equation…wages. Since earnings are rising at double inflation, people can buy more.
Again, in 2020 wages went down almost 6% with 1.5% inflation (during a massive negative gdp) so earning power went down by almost 7.5%…today inflation is 3.24 but wages are rising at nearly 6%, giving a RISE in earning power of 2.75%. That is a >10% difference, going from a 7.5% loss of buying power in 2020 to a 2.75% rise this year…and no recession. That’s called winning.
Inflation is only one part of the equation, buddy, and is absolutely meaningless without the other parts.

Yes, I repeated myself…I hoped by saying it over and over some might get through.

Interest rates…😂😂😂 true, Biden didn’t lower rates to zero and still have a stalled economy, he had to raise them to combat inflation…it worked, and hasn’t stalled the boom yet. You claim to be rich…high interest rates shouldn’t mean a thing to you…or do you really carry massive debt and aren’t really rich at all? 😂

As a side note, the stock market is also booming, paying great for those who are invested. Similar to wage growth since many (like me) live off investment earnings.

Gas prices have dropped sharply, today below $3 in 1/3 of the country and $.22 lower than a year ago on average. That’s costing LESS! Try again.

Many staple food prices are lower too. National average turkey prices were cheaper than last year, so are eggs. Try again.

According to Edmonds, “ The good news is that, in general, prices have been on the decline since late 2022. In May 2022, the average selling price of a vehicle was about $721 over MSRP. Compare that to July 2023, when the average selling price was about $714 below MSRP.”. Try again.

American's purchase power is rising, under Trump it plummeted like never before. I know, you just don’t understand. It’s ok boob. Adults understand.

I bought a bag of hammers for $10 at a yard sale…it was incredibly smart of me. I got about 10 hammers including 3 small sledge hammers and 2 metal framing hammers. My bag of hammers purchase was quite smart. 😂

Boob, get a brain. You might ask the scarecrow how he got his, because you really need help. I’ve never met a person as dumb and delusional as yourself, and I’ve known some real idiots.

Try this simple example.
Last week a soda cost you $1, and you made $12 an hour ($1 every 5 minutes). This week a soda costs $1.20 but your pay went to $15 ($1 every 4 minutes). Yes, the soda costs more this week…INFLATION!…are you better off now or were you better off with cheaper soda last week? Show your work. (I’m pretty certain that second grade math is just too hard and I won’t see a reply).

THIS IS WHY YOU FAIL EVERY TIME BOOB. BECAUSE YOU DON’T UNDERSTAND WHAT YOU RANT ABOUT AT ALL.
GO TO SCHOOL AND LEARN THE BASICS.

bobknight33 said:

" it’s better by every single measure used to measure any economy."

Gas , food , cars, interest rates all cost more.

-Your dumber than a bag of hammers.

Why GM Says Its Ultium Batteries Will Lead To EV Dominance

spawnflagger says...

I think Tesla does some innovative stuff - like using the worlds largest metallic moulds (built by some Italian company if I recall, which make those exclusively for Tesla). But ultimately Elon is a "hype man", and most of his promises have fallen flat (check out Thunderf00t's youtube channel - he debunks many scammy startups as well as Elon's claims, using high school chemistry and physics).

I do applaud Tesla for opening additional factories in Germany and China so quickly, but exponential growth (for any EV maker) is impossible - there's simply not enough easy-to-mine lithium in the world. (Maybe Elon is planning to mine some asteroids instead of going to Mars? who knows)

The GM battery tech isn't exciting or sexy, but it is a means to building a more affordable EV. Ford is already shipping F-150 Lightning (assuming its not affected by the same contactor recall as the Mach-E). Rivian has been (slowly) shipping trucks.
Where's the CyberTruck? I bet even the electric Silverado will start shipping before the CyberTruck.

Elon’s Next Big Idea- Put Cocaine Back In Coca-cola

Porsche shatters Nurburgring record

oritteropo says...

As far as I know you are pretty much spot on. The 919 was run in the LMP1 class with 8 megajoules of hybrid power and a turbo 4 cylinder petrol engine.

This evolution of the 919 has increased the power of both systems, by removing the fuel flow restrictions and increasing the output of the electric motors. The boost graphic is probably showing the deployment of the stored power from the lithium batteries, but it wasn't 100% clear to me (usually they will indicate when it is charging or discharging, and this didn't).

I didn't find a really good reference, but there is a bit on wikipedia https://en.wikipedia.org/wiki/Porsche_919_Hybrid

eric3579 said:

So my limited understanding is that it's a hybrid car (twin turbo 4 cyl and electric motor), and in braking, electrical energy is generated to use as boost coming out of the corner. It helps with power as there may be some turbo lag from the 4 cyl. I however could be completely wrong. Maybe @oritteropo knows for sure.

gramar explaned | exurb1a

ChaosEngine jokingly says...

No, but I'm wearing one made from Titanium right now.

There's also Helium, Lithium, Beryllium, Sodium, Magnesium, Potassium, Calcium, Scandium, Vanadium, Chromium, Gallium, Germanium, Selenium, Rubidium, Strontium, Yttrium, Zirconium, Niobium, Technetium, Ruthenium, Rhodium, Palladium, Cadmium, Indium, Tellurium, Caesium, Barium, Hafnium, Rhenium, Osmium, Iridium, Thallium, Polonium, Francium, Radium, Actinium, Rutherfordium, Dubnium, Seaborgium, Bohrium, Hassium, Meitnerium, Darmstadtium, Roentgenium, Copernicium, Nihonium, Flerovium, Moscovium, Livermorium, Cerium, Praseodymium, Neodymium, Promethium, Samarium, Europium, Gadolinium, Terbium, Dysprosium, Holmium, Erbium, Thulium, Ytterbium, Lutetium, Thorium, Protactinium, Uranium, Neptunium, Plutonium, Americium, Curium, Berkelium, Californium, Einsteinium, Fermium, Mendelevium, Nobelium,* and Lawrencium.

* oxford comma for life!

TheFreak said:

Aluminum or aluminium?

I don't know, would wear a ring made out of platinium?

Super 73 ebike review: the best electric bike!

slickhead says...

60 lbs is not terrible for an e-bike. The extra pounds don't matter so much with electric assist.
https://www.reddit.com/r/ebikes/comments/6mz5vg/upgrading_parts_on_ebike_worth_it/
Also, the wider tires don't add resistance.
https://www.schwalbetires.com/wider_faster_page

I like the 70s style (and the copper finish on the edition limited of two bikes .... wonder what that cost?) but this thing is overpriced for the level of tech. If these guys put as much effort into e-bikes as they do hyping stuff on YouTube they might make a nice bike one day. As it stands this is simply overpriced. The narrator thinks he can just call it the "best electric bike" when it's obvious that he knows F-All about the technology. There are much better e-bikes for the money in this niche (within a niche) category alone.

Their 2018 Super 73 is $3200 vs $2750 for the Luna Super Banana

https://lunacycle.com/luna-cycle-super-banana-ebike-racing-edition/

• 1000 watt vs. 3000 watt
• 48V 15.4 Ah (740 watt hours) vs. 72v 11.5 ah (830 watt hours)
• 25-27 mph vs. 40 mph

... for $2,300 the Luna Banana BBSHD has similar specs (more likely to be street legal) and still smokes the Super 73 in performance.

https://lunacycle.com/luna-banana-bbshd-ebike/

Or get the donor bike for $1,150 and add an electric kit for a few hundred more. (which is exactly what Lithium Cycles did!)

https://coastcycles.com/product-category/buzzraw/

https://lunacycle.com/mid-drive-kits/

Hoverbike Scorpion-3

newtboy says...

It's a good thing someone just invented a new lithium battery (not lithium ion) with a plastic electrolyte that can't short out and explode and can produce 3 times the energy density of lithium ion batteries. I hope they go into production soon.

Asmo said:

Yeah, and therein the problem lies. We have so many great ideas but they all rely on power that we cannot supply enough of in the form factor required.

This is a funky idea for the lab, but without some form of extremely efficient high energy engine/battery etc, it's basically useless.

How to make everyone on a bus hate you

newtboy says...

I used to carry one of those, but I never once used it to force my music on anyone else. In the days before lithium batteries, it was the only way to listen to your music for over 2 1/2 hours without replacing batteries....mine had a headphone jack.
Also, it was a workout wherever I went! That's a good thing when you're 16.

Ginrummy33 said:

This would take us back to the bad old days when people carried huge Boom Boxes around on their shoulder to share their personal music with the world. Tiny players with headphone are so much better for everybody.

Damascus doesn't quite look like it used to...

rich_magnet says...

I translated the YouTube comments of this video and I didn't learn much. Anyone know what's going on in this video? It seems to be taken from a recon drone. Do those tanks in the video deploy drones for targeting and recon? I doubt this is is the work of a hobby droner, unless said droner has huge lithium balls.

Also, what a tragedy. I don't know what Damascus used to look like, but it's sure in ruin now.

Elon Musk introduces the TESLA ENERGY POWERWALL

Elon Musk introduces the TESLA ENERGY POWERWALL

Elon Musk introduces the TESLA ENERGY POWERWALL

ghark says...

The info on the batteries is at the bottom of this page:
http://www.teslamotors.com/powerwall

There are different types of Lithium ion batteries, so I'm curious as to what combination of minerals Tesla is using. The temperature range they can operate in seems decent, from -20 to +43 degrees C, which is ok for most places. Shipping outside the US is probably going to be really expensive, as they weigh 100kg each, so add up to about another thousand dollars for that.

Overall though, looks like an amazing solution - hook a couple of these up, and with some solar panels you can stop paying for grid power altogether.

World's Smallest 3D Printed Cordless Drill

Power Japan Plus - Dual Carbon Battery

aaronfr says...

Tell an engineer that you want a battery that’s powerful, safe, reliable, and cheap, and he’ll probably respond, “Powerful, safe, reliable, cheap: pick any two.”

It's "dual carbon" because both anode and diode are carbon. It is still a lithium ion battery, but it is much cheaper because most lithium ion batteries today use rare earth metals that are hard to mine, very expensive and difficult to recycle/dispose of.

So this battery might be cheaper and safer, but jury's still out on powerful and reliable.

newtboy said:

But didn't the video say the 'electrolyte' was still made of lithium ions? Maybe I missed something?
I want it to be a real, cheap, stable, eco-friendly, powerful battery, but I have to wait to see it for sale and in action first.

Power Japan Plus - Dual Carbon Battery

newtboy says...

But didn't the video say the 'electrolyte' was still made of lithium ions? Maybe I missed something?
I want it to be a real, cheap, stable, eco-friendly, powerful battery, but I have to wait to see it for sale and in action first.

lucky760 said:

If this is for real...

FINALFUCKINGLY!

It always blows my mind that in 2014 with all our technology we still don't have any newer battery technology than lithium ion and nickel cadmium.

*promote



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