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Re: 7 % inflation LOL LOL LOL [Re: Davisfur] #7459805
01/13/22 06:47 PM
01/13/22 06:47 PM
Joined: Dec 2008
Posts: 23,271
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Posts: 23,271
Eastern Shore of Maryland
Originally Posted by Davisfur
Originally Posted by HobbieTrapper


If you are not using every opportunity in the tax code to pay as little as possible you are an idiot.

Well calling the guy an idiot will definitely help him feel better about already being badgered and browbeat into not posting anymore. Good job! 👍


“You” is not exclusive to him in the statement.


-Goofy-
Re: 7 % inflation LOL LOL LOL [Re: Davisfur] #7459812
01/13/22 06:56 PM
01/13/22 06:56 PM
Joined: Dec 2006
Posts: 9,567
East-Central Wisconsin
B
bblwi Online content
trapper
bblwi  Online Content
trapper
B

Joined: Dec 2006
Posts: 9,567
East-Central Wisconsin
Changes in the economy can and does create opportunities and in some cases opportunities for new ventures and new startups. Stagnation has given us a lot of centralization, will it be good to reduce some of that? What may be the cost? For how long and for who? Inflation for those planting 300 million acres of commodity crops will be very high for the coming year and food and fiber transfer into increases that few can avoid.

Bryce

Re: 7 % inflation LOL LOL LOL [Re: ceelmo.trap] #7459813
01/13/22 06:57 PM
01/13/22 06:57 PM
Joined: Oct 2017
Posts: 485
Southern Indiana
H
Hoosier71 Offline
trapper
Hoosier71  Offline
trapper
H

Joined: Oct 2017
Posts: 485
Southern Indiana
Originally Posted by ceelmo.trap
The rich have exploited the tax loopholes like forever to keep from paying a fair taxable amount on their millions or billions some even say it isnt right but they keep doin it.Those that control the markets are the ones that control cost. Everyone should be sick and tired of pandemic blame for this. Find it hard to pat a the filthy rich on the back when they made that money on the sweat and labor by what i believe to be were the middle and lower class. Wages for years have not keep up with inflation, how many times have workers got a pay raise to have it wiped out by a tax increase or insurance that went and other rising costs at the time.


Start your own company. Then you can pay the workers whatever they want. See how long you are in business.


When people think top 10 % they think millionaires. $150,000 is top 10%. Probably top 1 percent for the world.

Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7459890
01/13/22 08:30 PM
01/13/22 08:30 PM
Joined: Feb 2014
Posts: 9,526
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 9,526
Ky


56% of adult Americans own stock, so the average "Joes" most definitely do own stock.

https://www.fool.com/research/how-many-americans-own-stock/

Stock prices are inflating just like the majority of other items for sale in America. America is not doing well.

Keith


One big mistake in this article is the obvious.
It claims 145 million people own stock. 145 million is NOT 54% of the US CITIZENS ! The reported US CITIZENS was roughly 331 million. Even Ky math 145 ain't 54 % of 331

Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7459901
01/13/22 08:41 PM
01/13/22 08:41 PM
Joined: Oct 2017
Posts: 5,082
perry co.Pa
wetdog Offline
trapper
wetdog  Offline
trapper

Joined: Oct 2017
Posts: 5,082
perry co.Pa
Originally Posted by jbyrd63


56% of adult Americans own stock, so the average "Joes" most definitely do own stock.

https://www.fool.com/research/how-many-americans-own-stock/

Stock prices are inflating just like the majority of other items for sale in America. America is not doing well.

Keith


One big mistake in this article is the obvious.
It claims 145 million people own stock. 145 million is NOT 54% of the US CITIZENS ! The reported US CITIZENS was roughly 331 million. Even Ky math 145 ain't 54 % of 331

You seem to have missed the word ADULT in Keith's reply.
209 million over 18 in the US.
You need to learn to do some research.
Lol Lol Lol

Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7459907
01/13/22 08:43 PM
01/13/22 08:43 PM
Joined: Dec 2008
Posts: 23,271
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Posts: 23,271
Eastern Shore of Maryland
“Come by here my Lord, come by here.”


-Goofy-
Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7459970
01/13/22 09:30 PM
01/13/22 09:30 PM
Joined: Dec 2010
Posts: 9,345
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 9,345
Armpit, ak
Any day now the Fed is going realize 7% is higher than 2% target rate.


Who is John Galt?
Re: 7 % inflation LOL LOL LOL [Re: Dirt] #7459978
01/13/22 09:35 PM
01/13/22 09:35 PM
Joined: May 2009
Posts: 11,668
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 11,668
Champaign County, Ohio.
Originally Posted by Dirt
Any day now the Fed is going realize 7% is higher than 2% target rate.


Interest rates should be rising anytime now.

Keith

Re: 7 % inflation LOL LOL LOL [Re: ceelmo.trap] #7460105
01/13/22 10:51 PM
01/13/22 10:51 PM
Joined: Sep 2013
Posts: 9,982
Northeast Oklahoma
M
Mike in A-town Offline
trapper
Mike in A-town  Offline
trapper
M

Joined: Sep 2013
Posts: 9,982
Northeast Oklahoma
Originally Posted by ceelmo.trap
The rich have exploited the tax loopholes like forever to keep from paying a fair taxable amount on their millions or billions some even say it isnt right but they keep doin it.Those that control the markets are the ones that control cost. Everyone should be sick and tired of pandemic blame for this. Find it hard to pat a the filthy rich on the back when they made that money on the sweat and labor by what i believe to be were the middle and lower class. Wages for years have not keep up with inflation, how many times have workers got a pay raise to have it wiped out by a tax increase or insurance that went and other rising costs at the time.


Yes, those millionaires and billionaires have pallets of cash horded in their basements. Surely their "worth" isn't tied up in physical assets, property, and investments... That can't be it.

And all those corporations with record profits sit on all of it. They never pay out dividends or increase the value of the people who invested and bought a share of that corporation.

Economic illiteracy... the bread and butter of envy and marxist class struggle.

Mike


One man with a gun may control 100 others who have none.

Vladimir Lenin
Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7460112
01/13/22 10:55 PM
01/13/22 10:55 PM
Joined: Mar 2007
Posts: 33,306
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,306
McGrath, AK
Amen Mike !!


Mean As Nails
Re: 7 % inflation LOL LOL LOL [Re: KeithC] #7460135
01/13/22 11:11 PM
01/13/22 11:11 PM
Joined: Dec 2010
Posts: 9,345
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 9,345
Armpit, ak
Originally Posted by KeithC
Originally Posted by Dirt
Any day now the Fed is going realize 7% is higher than 2% target rate.


Interest rates should be rising anytime now.

Keith


The U.S. Federal Reserve has significantly ramped up its holdings of Treasury securities as part of a broader effort to counteract the economic impact of the coronavirus (COVID-19) pandemic. Currently, the Federal Reserve holds more Treasury notes and bonds than ever before.

As of July 14, 2021, the Federal Reserve has a portfolio totaling $8.3 trillion in assets, an increase of about $3.6 trillion since March 18, 2020. Longer-term Treasury notes and bonds (excluding inflation-indexed securities) comprise nearly two-thirds of that expansion, with holdings of those two types of securities doubling from $2.2 trillion on March 18, 2020, to $4.5 trillion on July 14, 2021.

Maybe they will be able to start selling these off? smile


Who is John Galt?
Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7460138
01/13/22 11:13 PM
01/13/22 11:13 PM
Joined: Mar 2007
Posts: 33,306
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,306
McGrath, AK
That's the plan but first they need to stop buying more


Mean As Nails
Re: 7 % inflation LOL LOL LOL [Re: white17] #7460186
01/13/22 11:39 PM
01/13/22 11:39 PM
Joined: Sep 2013
Posts: 9,982
Northeast Oklahoma
M
Mike in A-town Offline
trapper
Mike in A-town  Offline
trapper
M

Joined: Sep 2013
Posts: 9,982
Northeast Oklahoma
Originally Posted by white17
Amen Mike !!


You know, I really don't like being a hard case about stuff. But the constant onslaught of nonsense is wearing thin. I'm just a tradesman with a high school education. I don't know all the ins and outs of economics but I have a basic understanding of how things work.

One thing that I'll never figure out is why people insist others pay more taxes instead of demanding everyone pay less. Especially when the entities that they want to pay more taxes will just pass that cost along to the consumer.

Mike


One man with a gun may control 100 others who have none.

Vladimir Lenin
Re: 7 % inflation LOL LOL LOL [Re: Mike in A-town] #7460231
01/14/22 12:24 AM
01/14/22 12:24 AM
Joined: Jul 2016
Posts: 1,298
Ne pa
J
Jerry Jr. Offline
trapper
Jerry Jr.  Offline
trapper
J

Joined: Jul 2016
Posts: 1,298
Ne pa
Originally Posted by Mike in A-town
Originally Posted by white17
Amen Mike !!


You know, I really don't like being a hard case about stuff. But the constant onslaught of nonsense is wearing thin. I'm just a tradesman with a high school education. I don't know all the ins and outs of economics but I have a basic understanding of how things work.

One thing that I'll never figure out is why people insist others pay more taxes instead of demanding everyone pay less. Especially when the entities that they want to pay more taxes will just pass that cost along to the consumer.

Mike


Envy.


You can't buy experience, but you'll pay for it.
.... but what do I know, I'm just a dumb farmer. ~ My Dad.
NRA LIFE MEMBER, Endowment Member 5-23-14
Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7460268
01/14/22 01:36 AM
01/14/22 01:36 AM
Joined: May 2013
Posts: 2,941
Green Bay, Wisconsin
tlguy Offline
trapper
tlguy  Offline
trapper

Joined: May 2013
Posts: 2,941
Green Bay, Wisconsin
[Linked Image]

Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7460292
01/14/22 03:37 AM
01/14/22 03:37 AM
Joined: May 2010
Posts: 8,823
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 8,823
mn north of blakely
Originally Posted by white17
Originally Posted by adam m
7% laugh
I ate panda Express for lunch. The same 2 item meal was $8.52 2 weeks ago. Today it was $9.23 that equals 8.3333% increase.




Inflation is measured in several places across the country. In some areas it is higher than others. But the same methods are used everywhere so that an overall WEIGHTED AVERAGE" can be determined for a given time period. Some items in the basket of goods may go up in certain areas and down in others.

The other thing to factor in here is that inflation is increasing WORLDWIDE. Not just in the USA. What is going on in the world that is affecting labor markets, and supply chain issues ? Something we won't talk about but certainly has an impact.


If you really think that overall inflation in the US is averaging greater than 7% annually, please explain to me why the 10 year treasury yield is only 1.72 % currently .


It stands to reason that inflation is a worldwide issue. Every central bank in advanced economies cranked the presses in 2020. QE isn't only a US phenomenon.

Real inflation is greater than 7 percent and I believe you know why 10 year rates are artificially low.

Eventually the market will set the rates.

If the inflation we are currently experiencing is a result of labor and supply shortages caused by the elephant in the room it would be transitory. Even the FED has finally realized there is nothing transitory about this.


Re: 7 % inflation LOL LOL LOL [Re: Dirt] #7460294
01/14/22 03:45 AM
01/14/22 03:45 AM
Joined: May 2010
Posts: 8,823
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 8,823
mn north of blakely
Originally Posted by Dirt


As of July 14, 2021, the Federal Reserve has a portfolio totaling $8.3 trillion in assets, an increase of about $3.6 trillion since March 18, 2020. Longer-term Treasury notes and bonds (excluding inflation-indexed securities) comprise nearly two-thirds of that expansion, with holdings of those two types of securities doubling from $2.2 trillion on March 18, 2020, to $4.5 trillion on July 14, 2021.

Maybe they will be able to start selling these off? smile



They tried that in 2018 when the economy was supposedly red hot. It failed and QE began anew in august of 19.

THE FED is trapped.

Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7460347
01/14/22 07:23 AM
01/14/22 07:23 AM
Joined: Jan 2018
Posts: 1,255
Henry Co, IL
3
3togo Offline
trapper
3togo  Offline
trapper
3

Joined: Jan 2018
Posts: 1,255
Henry Co, IL
I'm surprised that no one mentioned that the CPI excludes the cost of food and fuel in its calculation.

The government removed those 2, I believe in the '70's because it made the inflation % look to high when the "average" person was told what it was.

Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7460349
01/14/22 07:28 AM
01/14/22 07:28 AM
Joined: Mar 2019
Posts: 1,392
Southern NJ
maintenanceguy Offline
trapper
maintenanceguy  Offline
trapper

Joined: Mar 2019
Posts: 1,392
Southern NJ
I've raised my prices 8% and then again 9% in the last 6 months. My suppliers are still raising theirs so I'll soon be raising them again, probably another 8 or 9%.


-Ryan
Re: 7 % inflation LOL LOL LOL [Re: jbyrd63] #7460407
01/14/22 08:52 AM
01/14/22 08:52 AM
Joined: Jan 2009
Posts: 98
Olathe , KS
B
bwurts Offline
trapper
bwurts  Offline
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B

Joined: Jan 2009
Posts: 98
Olathe , KS
something that could affect inflation that I haven't heard anyone speak of is that the West Coast Dockworkers contract expires July 2022 - guess who has ALL of the leverage in those negotiations? things are bad enough now as it pertains to ships being unloaded - what happens if things come to a complete standstill? - something to think about


tough times dont last tough people do

You are the sum of YOUR decisions
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