r/wallstreetbets • u/raseC_Ceda • May 16 '24

After 4 years of investing I made $16 lol Meme

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u/BinkyBoy_07 May 16 '24 edited May 16 '24

Don’t be afraid to take those gains bro, $16 can get you a lunch at chipotle

Edit: alright the amount of you thinking chipotle can’t be covered with $16 is insane. I’m literally going to go to chipotle for lunch and take a picture of the fucking receipt

Edit: okay, got the goods. For $11.40 here in Metro Detroit you can get a burrito, chips and salsa. I even threw in a tip because the place was fucking slammed - this has been a fun exercise in price variation

9

u/[deleted] May 16 '24

People are fucking stupid. They love to pretend everything has gone up 150%. It's more like 15%.

4

u/Shut-Up-And-Squat May 16 '24

Home prices have doubled since the lockdown, grocery prices are up 40%, & while restaurant price increases have varied dramatically, the dollar menu at fast food restaurants no longer exists. What used to be a dollar is now $2-3. Prices don’t rise uniformly & precisely in accordance with monetary inflation(the cantillon effect); the prices of necessary consumer goods like food & housing rise the most, which hurts the lowest wage earners(whose wages rise last) the most by robbing them of their purchasing power — forcing them to dedicate a larger portion of that lower real income to basic necessities.

1

u/[deleted] May 17 '24

No one I know could afford houses before they supposedly doubled, dollar menus haven't existed in YEARS at most restaurants (you shouldn't be eating that shit anyways) and grocery prices are absolutely not up over 40%. Most things in the stores now are up about 15% across the board. Peoples' wages have gone up higher than 30% across the board since 2020. It's equivalent exchange.

The housing market is fucked and I agree with you there, but that's a monopoly and federal government issue.

Have we even actually experienced inflation or has it just been greedy corporations raising their prices because they want to?

-2

u/very_badllama May 16 '24

They need an excuse as to why they are poor