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Hope inflation numbers are correct #8604543
16 hours ago
16 hours ago
Joined: Feb 2014
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Ky
Wonder if fed will report REAL inflation numbers? I bond rates about to renew so they won’t want it too high because it will cost them too much. Look bad for Trump so maybe Dems will insist on high rate. During Biden they under reported the amount so who knows. Based on last month new rate should be around 4.26

Re: Hope inflation numbers are correct [Re: jbyrd63] #8604553
15 hours ago
15 hours ago
Joined: Jan 2008
Alaska and Washington State
W
waggler Offline
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waggler  Offline
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Joined: Jan 2008
Alaska and Washington State
I think the whole economic situation is now out of the control of any of the political parties. It's going to get interesting.
I don't think that the real players/manipulators ever imagined the fall of the petro-dollar.


"My life is better than your vacation"
Re: Hope inflation numbers are correct [Re: jbyrd63] #8604554
13 hours ago
13 hours ago
Joined: Aug 2010
Asheville, NC
C
charles Offline
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charles  Offline
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Joined: Aug 2010
Asheville, NC
Might help our Social Security and/or military pensions next year.

Re: Hope inflation numbers are correct [Re: charles] #8604598
10 hours ago
10 hours ago
Joined: Feb 2020
Indiana
P
Providence Farm Offline
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Providence Farm  Offline
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Joined: Feb 2020
Indiana
Originally Posted by charles
Might help our Social Security and/or military pensions next year.


May get social security a temporary increase in cost of living. But unless they get more funds into it they will just speed uo it going in solvent faster triggering an 11% cut automatically. Last I saw its got about 7 years left. Depe on age and health it may not effect everyone currently on it if they die befor then. But I believe that would be a larger concern if I was depending on it than next year's raise.

And yes its something im greatly conserned about being afraid of becoming disabled due to MS. Fingers crossed I dont but im geting more bad days more often. So...

Re: Hope inflation numbers are correct [Re: jbyrd63] #8604602
9 hours ago
9 hours ago
Joined: Dec 2011
MT
S
snowy Offline
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snowy  Offline
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Joined: Dec 2011
MT
Short term (2026):

Inflation likely stays above 3%, driven by energy and geopolitical instability.

Fed is cautious and unlikely to cut rates until late 2026.

Medium term (2027–2028):

Most forecasts converge on inflation returning near 2% as energy markets normalize and supply chains stabilize.


Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
Re: Hope inflation numbers are correct [Re: jbyrd63] #8604603
9 hours ago
9 hours ago
Joined: Feb 2011
alberta
S
spjones Offline
trapper
spjones  Offline
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Joined: Feb 2011
alberta
It’s a trap,,,,,,

[Linked Image]



Meaning your money is going to continue to be inflated away,,,

Last edited by spjones; 9 hours ago.
Re: Hope inflation numbers are correct [Re: spjones] #8604613
9 hours ago
9 hours ago
Joined: Sep 2008
NC
B
bowhunter27295 Offline
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Joined: Sep 2008
NC
LOL!! That is funny. Mr. Mises was a smart dude.

Shame we can't decide to all live within our means.


How many lies will people believe before they realize their own idiocy?
Re: Hope inflation numbers are correct [Re: spjones] #8604616
9 hours ago
9 hours ago
Joined: Feb 2020
Indiana
P
Providence Farm Offline
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Providence Farm  Offline
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Joined: Feb 2020
Indiana
Originally Posted by spjones
It’s a trap,,,,,,

[Linked Image]



Meaning your money is going to continue to be inflated away,,,


Solution- buy assets , asset prices will rise along with inflation. Cash will continue to loose purchasing power

Re: Hope inflation numbers are correct [Re: bowhunter27295] #8604618
9 hours ago
9 hours ago
Joined: Feb 2020
Indiana
P
Providence Farm Offline
trapper
Providence Farm  Offline
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P

Joined: Feb 2020
Indiana
Originally Posted by bowhunter27295
LOL!! That is funny. Mr. Mises was a smart dude.

Shame we can't decide to all live within our means.


Living within your means continue to get more difficult for people' taht dont have an income that he increases at or above the inflation rate.

Re: Hope inflation numbers are correct [Re: jbyrd63] #8604629
9 hours ago
9 hours ago
Joined: Feb 2011
alberta
S
spjones Offline
trapper
spjones  Offline
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Joined: Feb 2011
alberta


Not just any assets,,,,,,

“Assets” is just a vague general term

Some assets are better than others

The best assets can’t have their supply increased

Re: Hope inflation numbers are correct [Re: Providence Farm] #8604695
6 hours ago
6 hours ago
Joined: Oct 2016
Michigan
B
BigBlackBirds Offline
trapper
BigBlackBirds  Offline
trapper
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Joined: Oct 2016
Michigan
Originally Posted by Providence Farm
,


Solution- buy assets , asset prices will rise along with inflation. Cash will continue to loose purchasing power [/quote]

too bad it isnt that simple. many asset prices will rise but we are still going to left behind as the value is actually eroded away

Re: Hope inflation numbers are correct [Re: jbyrd63] #8604735
4 hours ago
4 hours ago
Joined: Dec 2006
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
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Joined: Dec 2006
East-Central Wisconsin
It is OK to suggest that people or families buy assets, but that does show a lack of understanding where 50% or more of our country lies, financiallly. This group is not using or can't afford to invest in retirement or investments and a vast majority can't afford to purchase homes, even if they were available, as the price range is propped up by very high construction costs and the minority that is financially able to bid up the prices on the available homes.
We still see a lot of buying and spending of money but the vast majority of that is on consumables and there is more debt on those items also. With new job creation at a quite low levels the younger work force is facing even more stress in establishing a plan and program for living and preparing for families and retirement. I don't like aging, getting stiffer, finding more and more health issues as I age, but sometimes one can be born at the right time.

Bryce

Re: Hope inflation numbers are correct [Re: bblwi] #8604741
4 hours ago
4 hours ago
Joined: May 2011
Oakland, MS
yotetrapper30 Online content
trapper
yotetrapper30  Online Content
trapper

Joined: May 2011
Oakland, MS
Originally Posted by bblwi
It is OK to suggest that people or families buy assets, but that does show a lack of understanding where 50% or more of our country lies, financiallly. This group is not using or can't afford to invest in retirement or investments and a vast majority can't afford to purchase homes, even if they were available, as the price range is propped up by very high construction costs and the minority that is financially able to bid up the prices on the available homes.
We still see a lot of buying and spending of money but the vast majority of that is on consumables and there is more debt on those items also. With new job creation at a quite low levels the younger work force is facing even more stress in establishing a plan and program for living and preparing for families and retirement. I don't like aging, getting stiffer, finding more and more health issues as I age, but sometimes one can be born at the right time.

Bryce


But I bet they ALL drive a 2020 or newer vehicle, own multiple state-of-the-art cell phones per family, have multiple tattoos, and stop at Starbucks every day. No way do I believe that 50% of the country cannot afford to invest. They choose not to....


Gotta find a way, a better way, I'd better wait

Just because you're paranoid doesn't mean they're not after you
Re: Hope inflation numbers are correct [Re: yotetrapper30] #8604754
2 hours ago
2 hours ago
Joined: May 2019
Saskatchewan
R
rvsask Offline
trapper
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R

Joined: May 2019
Saskatchewan
Originally Posted by yotetrapper30
Originally Posted by bblwi
It is OK to suggest that people or families buy assets, but that does show a lack of understanding where 50% or more of our country lies, financiallly. This group is not using or can't afford to invest in retirement or investments and a vast majority can't afford to purchase homes, even if they were available, as the price range is propped up by very high construction costs and the minority that is financially able to bid up the prices on the available homes.
We still see a lot of buying and spending of money but the vast majority of that is on consumables and there is more debt on those items also. With new job creation at a quite low levels the younger work force is facing even more stress in establishing a plan and program for living and preparing for families and retirement. I don't like aging, getting stiffer, finding more and more health issues as I age, but sometimes one can be born at the right time.

Bryce


But I bet they ALL drive a 2020 or newer vehicle, own multiple state-of-the-art cell phones per family, have multiple tattoos, and stop at Starbucks every day. No way do I believe that 50% of the country cannot afford to invest. They choose not to....

You forgot, have a Netflix account, and Amazon prime Account, A crave account, A disney plus account, a camper, an atv, a boat. etc etc etc.

Maybe that is just what I see about most of the people here in Canada complaining they can't afford living these days. It's a weird woe is me attitude considering we all have more than anyone did when I was growing up in the 80's and 90's.

Re: Hope inflation numbers are correct [Re: jbyrd63] #8604783
1 hour ago
1 hour ago
Joined: Feb 2014
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
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J

Joined: Feb 2014
Ky
Buying assets is not always the answer. Perfect example. I filled my boat up 64 gallons last fall @2.49 per gallon. BASED on the financial / stock market gurus I have made 124 bucks because of price increase. AN ASSET ONLY PAYS or loses money if sold or traded. If buying things to flip yes you can make some. BUT merely buying and holding it doesn't increase your bank accounts. But buy a 20,000 cd at 5 % and your bank account will grow. NOT SAYING only thing that will pay just giving an example..

Re: Hope inflation numbers are correct [Re: Providence Farm] #8604784
58 minutes ago
58 minutes ago
Joined: Feb 2014
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Ky
Originally Posted by Providence Farm
Originally Posted by charles
Might help our Social Security and/or military pensions next year.


May get social security a temporary increase in cost of living. But unless they get more funds into it they will just speed uo it going in solvent faster triggering an 11% cut automatically. Last I saw its got about 7 years left. Depe on age and health it may not effect everyone currently on it if they die befor then. But I believe that would be a larger concern if I was depending on it than next year's raise.

And yes its something im greatly conserned about being afraid of becoming disabled due to MS. Fingers crossed I dont but im geting more bad days more often. So...


Sorry to hear your condition is getting worse. Praying for remission.
But I figured you had enough investments you'd just let government keep their money .....

Re: Hope inflation numbers are correct [Re: jbyrd63] #8604802
9 minutes ago
9 minutes ago
Joined: Feb 2020
Indiana
P
Providence Farm Offline
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Providence Farm  Offline
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Joined: Feb 2020
Indiana
Well j I have been investing heavily the last few years to make up for not doing so when i was younger. Having less time to grow means it requires much larger investments to reach my goal. That goal needs 10 more years of investing and growth to hit it. Looking back and seeing the 8500 i paid in to social security and right under 9k the year befor and the last several years I have no issue claiming benefits I have paid into for decades if it do end up unable to work. I hope i dont get into that position. But on the bad days I dont think iits going to be far off if not that week. On good days I think its never going to happen. Unfortunately I have been having more bad then good lately.

Re: Hope inflation numbers are correct [Re: jbyrd63] #8604804
3 minutes ago
3 minutes ago
Joined: May 2011
Oakland, MS
yotetrapper30 Online content
trapper
yotetrapper30  Online Content
trapper

Joined: May 2011
Oakland, MS
Originally Posted by jbyrd63
Buying assets is not always the answer. Perfect example. I filled my boat up 64 gallons last fall @2.49 per gallon. BASED on the financial / stock market gurus I have made 124 bucks because of price increase. AN ASSET ONLY PAYS or loses money if sold or traded. If buying things to flip yes you can make some. BUT merely buying and holding it doesn't increase your bank accounts. But buy a 20,000 cd at 5 % and your bank account will grow. NOT SAYING only thing that will pay just giving an example..


This does not make sense to me.

Let's say 1 year ago today, you managed to find a CD with a 1 year term that paid 5%. You invested $20,000 in it. Today you would have $21,000.

If you had instead invested that $20,000 in QQQ 1 year ago today, and sold it today, you would have $27,900.

IF you felt like living dangerously, and had instead invested that $20,000 one year ago today in TSM, and sold it today, you would have had $48,000 today!!

The ONLY benefit investing in CDs has over investing in equities is that it virtually eliminates risk. If it is likely you will need that 20k in the short term, than investing in fixed securities might make sense for you, but if increasing your wealth is your objective, equities win hands down.


Gotta find a way, a better way, I'd better wait

Just because you're paranoid doesn't mean they're not after you
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