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Airline Inflation Takes Off: Air Fare Prices Soar At 97% Annualized Rate, Highest Since 1999
Everyone knows that assorted food prices - most notably various meats such as beef and pork - have never been higher, but to Janet Yellen that's just noise. After all, why worry about food inflation or the highest gas prices on this day in the year with the exception of 2008 of course, when one can just keep buying ever (hedonically) cheaper plasma TVs (although unclear where said TVs would be put with rent inflation also off the charts). So perhaps the thinking is that the average American can just hop on a plane and go to where the prices are lower? Not so fast.
According to the latest CPI report, the May surge in airfare prices was so dramatic and unexpected, that on a compounded annualized basis (CAGR), the May surge in airline fares was a whopping 97%: the highest since 1999, and the third highest ever.
So, sorry America: you are stuck where you are, eating food that has rarely if ever cost more, fueling up with gas that is approaching it all time high summery prices. And now you are free to not move about the country and enjoy Yellen's "noise"... on a pro bono basis of course. Because while the Fed Chairwoman is wrong about inflation everywhere else, she is spot on about one place where there is absolutely no inflation: wages.
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Build a hotrod, drive in style. The road is reletively more free than flying on the airreichs.
Done and done. I'm all about the turning wrenches thing.
Hedonic inflation... people will use air balloons.
Flying is for the birds anyway.
In NY a sleeper ratrod is better, don't have to worry about dings.
I have one of each. My hotrod is a 2004 Ford Lightning (not stock). My ratrod is an old beat up 1998 Ford Ranger (also not stock).
One is a fair-weather vehicle, the other not so much. ;-)
Collusion Bitchez....just another tax. Put it on my tab.
Me thinks the NOISE is getting LOUDER and LOUDER!
-Not to worry.
Just the backside of the eyewall approaching.
If you have ever been in the eye of a hurricane, you know what comes next.
Its weird,its completely still, but with a background noise that sounds like a thousand banshees.
Then,slam.
indeed ! Ditto ... for those whe need more info see my post just below!
If you mean what I think you mean....we're saying the same thing!
The other peaks were:
Yugoslav war (threats of, and restructure 1991 - 1999 )
WTC & Afghanistan
Iraq 1 & 2
I don't think "bugging out" is going to cut it, for most. :(
The road is reletively more free than flying on the airreichs.
At least till you hit a 'Click It or Ticket' checkpoint, funded with fedgov dollars.
Only fair, making slaves pay for their own oppression.
Absolutely! I'm for hopping in the Hannibal 8 and hitting route 66.
Professor Fate
"Push the Button, Max"
free? I´ve been stopped 2 times for speeding last 3 months, for driving just above the legal limit. Id call it the new road tax. Freedom its not.
Anyone would think we were expecting a war or something! (sarc)
Come fly the inflationary skies.
Besides, the skies today are far from friendly.
replies Queen Janet Yellen: Let them eat noise...
This is how you know it's a recovery. You can't afford anything any more.
Price inversely proportional to service, always a sure-fire recipe for success.
the price of getting groped just went up bitchez
Whatever it takes to reach that iconic FED 2% inflation target.
Come on, people, we can do this.
I know right. Still groping people to get on an airplane and confiscating their water bottles while the borders are wide fucking open allowing any terrorist or cartel member who wants to come waltzing right across the border unimpeded. This country and all that inhabit it are tards.
But the Terrorist hords haven't swept across the borders have they? Reason is because there aren't many, probably only a few thousand on the planet who have the brains, skills, intestinal fortitide and so on to carry out a major attack. Hell, there aren't even any cheap suicide bombers.
Those are the numbers folks, a few thousand versus the most powerful country ever. Yet the masses think, perhaps because they're repeatedly told, that America will be 'under attack' if we 'don't do something'.
The Terrorist hordes haven't swept across the borders because they have been here all along since the real terrorists are .GOV. Only the MIC / Bankers benefit by the War on Terror. Sane human beings see no profit from indiscriminate droning, false flags, IRS audits, SWAT raids, RICO, Al-CIA-Duh Heroin traffic, fiat printing, etc. However, if you are a Satanic psychopath then this is your cup of tea.
Thank you TSA goons for trying to steal my iPod you thieving cunts the last time I flew two weeks ago. Good thing I was at the airport with time to kill so I could stand around and cuss your asses out under my breath for everyone to hear while I waited for you to 'find' my iPod.
glad i got my tickets 3 months in advance
you'll pay the extra, you always do. just look to the fine print. Unless you took the extra insurance against increased fuel costs
My rent is up, the public transit fare is up, the airplane prices are up, food is up.....
.....the only thing not up is my wage.
Fuck you, Bernanke!
You sound like maybe you want to short change the bond(age) holders.
Yep I have had one raise in 6 years which has been more than eaten up by health insurance costs, insane food price increases and continual rise of fuel prices. I have been assured by my leaders though that all is well so I hang in there.
Bernanke is gone ya know.
Just thought I'd remind you, in case ya forgot.
Or your all doped up. ;-)
I know where I can get felt-up for FREE.
I would have like to have seen Montana...
Or at least, St Lawrence waterway. Tough taking one for the team. :)
Once you are west of Cut Bank nature takes over.
That's funny, I stayed up with a bottle of wine and watched that movie over the weekend.
Even the TSA freedom-grope is costing more these days...
I always dress like a transexual when flying because then NOBODY wants to touch me.
Don't lie u like scratching that itch! Lol
According to Keyenes we are in for a demand surge. Cause lower prices equal lower demand and higher prices equal higher demand and black is white and Mila Kunis is ugly and Janet Yellen is a little hottie.
...whoooaa....Mila Kunis is a mere whif of a girl, tiny, and while moderately attractive and not ugly, she is vastly overrated in the beauty department, with thousands of girls you see every day on the street, prettier by far.
IMHO
You should stick to subjective measures, because Mila Kunis is indeed attractive.
Beauty is in the eye....yada, yada.....I was wrong to accuse her of being 'objectively' not very attractive.
But as valid as your subjective opinion is of her, so is mine, and I don't find her nearly as attractive as the woman who lives in this house with me, or my blond neighbor likely 20 yrs older than the average looking Mila.
And without makeup, Mila would be waiting tables on the night shift in a diner.
IMHO
The stewardess asks “would you like something to eat?”
And then gives you a bag with 3 almonds in it!
For all intents and purposes the 3 almond bag is considered to be equal by the BLS to the 10 almond bags 5 years ago.
I'm old enough to remember that they used to hand out cigarettes to the adult passengers. Little two-packs if I recall correctly.
Fuck flying. When I have to pay to put my luggage above my head, fuck you airlines. I don't need to listen to the Tee S A goons tell me how to proceed in an orderly fashion.
Dropped some family off the other day at the local airport and some goon was throwing his weight around like a bigshot. Told us to "move over there" even though we were standing outside the zone. I just kind of laughed and muttered under my breath something about rent a cop. He was not amused, turned beat red and then glared at my teenage son as if to say "this is your old man?" The kid chuckled and we walked away, while all the sheep stood in line waiting to be hearded through.
It's a damn shame. I love aviation and flying but I won't feed the monster anymore, and fancy a long road trip these days anyway. Flyover states have a ton of hidden gems waiting to be seen.
I stopped using the airlines after the TSA was implemented. When I must fly, I opt out of the TSA nood scanner and request the more costly and time consuming grope. All the while telling them loud enough for everyone to hear, not to touch my junk.
Happy to say I don't care. I've started driving or canceling trips since the gropings began. Managed to avoid taking at least 20 flights so far. And on those three occasions where I absolutely needed to fly, I opted of the naked body scan and made the scum change their gloves (for my safety of course) before letting the pervs feel me up.
F Em!
I've flown a couple times and always opt out too. I'm pretty sure if you opt out, you get put on the list. See you at the FEMA camp, comrades.
I can't wait for the I-70 groping stations to be set up by TSA. / sarcasm
"If you weren't a potential terrorist, you wouldn't be traveling by car."
If you're here you're already on the list.
So, if we ignore soaring inflation in food, energy, clothing, rent, travel, ammo, health insurance and education, then we see deflation?
Higher prices = bigger profits.
Bullish!
DANG!!!
I was just looking for 5 plane tickets Brussels - California this summer, 320 euro's a piece more expensive than last year!!!!!
It takes a lot of calories to keep those birds in the air. What the price of calories these days (oil)?
Maybe Tesla can build an electric plane.
/s
They might want to get their car right first.
Not to worry, there aren't as many menacing curbs or road debris in the air. But recharging stations are fewer and farther between...
Well, since the energy density of jet fuel is 35-100x greater than a lithium battery, the wings would need to be at least 35x more volumnous.
I'm sure Elon Mush can do it though. He's gonna put a man on mars!
In true socialist fashion we here in California are building one of the slowest and most expensive high speed train in the world. Musk's SpaceX has proposed a train that is 3 times faster at about 1/8 the cost. So of course it won't happen.
http://en.wikipedia.org/wiki/Hyperloop
In true socialist fashion we here in California are building one of the slowest and most expensive high speed train in the world. Musk's SpaceX has proposed a train that is 3 times faster at about 1/8 the cost. So of course it won't happen.
http://en.wikipedia.org/wiki/Hyperloop
I keep waiting for California to break off and fall in the ocean. Dear God please...
Domestic air travel in the US has been ruined. Fuck the Federal Reserve and the TSA.
Ticket layaway programs or 36 month airfaire ticket finincing at 14.9%
Will solve that. In the USSA you can afford anything!
You don't even need to pay it back!
FSA 4EVUH!
Hillary 2016!
What a load of bollocks.
The destruction of the airlines will be a great help to humanity. People were never meant to move around as they please. If you want to move get a horse.
That's the opinion coming from within my brain mind.
I ask my horse every year, but he consistently refuses to take me to the Caribbean.
For something as volatile and seasonal as airline fares "annualizing" is a ridiculous effort. Did you ever notice no one "annualizes" stock market movements? Instead you should compare to the same period one year earlier, and speak of month over month gains in absolute percent terms. Annualizing volatile data is stupid.
What's good for Lloyd Blankfein is good for America.
The last couple of times I was in an airport they seemed almost deserted. I paid $700 tax on a $700 car rental in Boston, brutal.
Per the plan...WAGES, the last thing to rise
Thank you Tyler,
I was beginning to wonder I must poor guy who visits this site.
I noticed this about three weeks about, and posted about it here on ZH (I tried to retrieve my post but there's nothing older than two weeks ago stored). I travel a lot to the east coast these days because of my dad's health. About three weeks ago all of the flight prices suddenly doubled; it was/is crazy. I checked the peripheral airports, the ones where you can usually trade convenience for cost - they'd doubled too.
I mentioned this to a friend who had just booked a flght east for family reasons; he had had the same experience. Being 79 y.o. and crabby, he had even contacted the airlines to complain. He was really weirded out; he found it very strange too.
This is going to have a big effect on the economy, and on people's lives.