During his last “My Take”, “Varney & Co.” host Stuart Varney wonders if Americans are better off now than they were under former President Trump as sticker price shock rocks the US
STUART VARNEY: When inflation is at its peak, there are times when price increases are a real shock. When you get the bill, you think, damn it, do I really want to pay that much?
That’s when consumers start to back off. We may be close to that point.
Look what I saw this morning: the amazing concession stand prices at the PGA Championship this week.
For the benefit of our radio listeners, I’ll spell it out: $18 Michelob beer. $19 for a Stella. Cheeseburger $14, hot dog $8. $6 water. $7 Gatorade.
OK, it’s a special event, but if you want to eat or drink at the PGA, you’ll pay through your nose.
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Last weekend I was in Florida. Family holidays. What a shock. We ate in quality restaurants. OK, high end.
The price of appetizers, main courses, had gravitated around $60, compared to $40 a year ago. Cocktails: $20. I move back.
I went up to my farm. Filled the Ford F-150. $100. This is the first time I’ve paid this for a vehicle I’ve ever owned.
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I don’t look at this as an economist or as an investor. I watch this as a consumer, and I have to believe most people feel the same sticker price shock.
You can see it on people’s faces at the grocery store.
There is anger. There is despair. Our standard of living is falling.
Are you better now than you were when Trump was president?
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