@tincup said:
Where have the several posters, who a few months ago, were chiding us tin foil hatters that inflation was not a problem at all? Seems kind of quiet from their end...
Reality always wins.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@MsMorrisine said:
I just hope there isn’t a food riot in Bakersfield
Took some Vay-Kay this coming week. Clearing out a bit more brush to plant a few more acres of crops. Glad I started the pandemic stacking Mason jars....and a few other vital things instead of gutter metal. Live free my brothers! RGDS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
While QE has proven that central banks can throttle demand, they will never be able to create supply.
they can print money but they cannot print commodities. look for new QE to be injected into the commodity sector, particularly commodity base hedge funds that threaten to blow up the financial system. Will they have to rescue the bullion bankers setting prices at the COMEX CRIMEX?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Look for higher wages as both organized workers and individuals demand higher pay to keep up with inflation. Real wages (after adjustment for actual inflation) will continue to result in financial pain for consumers.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
We did something similar when we were kids in the winter. We would hide between the parked cars then sneak out and grab the back bumper and slide along the icey road crouching down so the driver couldn’t see use, we called it skeeching. I don’t know how I ever survived my childhood.
We did something similar when we were kids in the winter. We would hide between the parked cars then sneak out and grab the back bumper and slide along the icey road crouching down so the driver couldn’t see use, we called it skeeching. I don’t know how I ever survived my childhood.
We called it hooky-bobbin. All fun and games until you hit a manhole lid...
We did it on bicycles latching on the back of the pick up spraying for mosquitoes. Took a week to get the smell off. Could explain why I've been wrong about everything I post here.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
We did it on bicycles latching on the back of the pick up spraying for mosquitoes. Took a week to get the smell off. Could explain why I've been wrong about everything I post here.
I can’t believe you said that. We road our bikes in the cloud behind the mosquito truck. My wife blames that for my current mental state.
Hold the presses. You guys think you have problems I just found out my $8.50 burrito is now $10.50. Steak and avocado extra 😢 😭
Yesterday I paid $12.25 for a lousy chicken sandwich from Panera’s. I had to let them know I could get 3 at Popeyes for the same price with a senior discount.
@DrBuster said:
Official, 12 pack of my house brew went from $11 to $15 around here. If something is gonna get the freeload army upset a pricier buzz will do it.
24 pack 16 oz miller lite tall boys, previous price $17.50, for the past 4 years, current price, are you ready for it???? $17.75. lol I should start recycling cans. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
And the numbers are... CPI rose 1.2% in March... the highest since 1981. And some would argue that the number is much lower than what most people are seeing.
Sure waiting for that ' there is no inflation problem' crowd! I could use the re-assurance, cause it looks like I'm getting hammered everywhere I look.
@tincup said:
And just got my home insurance billing... quite a jump.... probably from 'inflated' home values that have been taking place...
Take a peek at some of the P&C insurers profits, they've raked in billions of "windfall" profits since 2020. I work for one of those P&C insurers and our profits increased about 33% in 2021 over 2020....and in 2020 we had record profits as well. Part of it has to do with inflation, but part of it is corporate greed and using inflation as an excuse. Insurers know that there is inflation and they've been aggressive in maintaining profit margins.
Now, for my employers personal lines auto business, were raising rates in 40 states, lol. DOI's and state regulators have been catching on, mainly NY, CA, IL and some of the other activist insurance regulatory states. The P&C industry is an unhealthy industry pumping out 10-15% margins at the expense of insureds. Below is an article showing how the IL DOI is now investigating P&C carriers profits...
my landlady just raised rent 10% and a local property management company said some owners raised rents as much as 40% recently. morning coffee jumped from 5.99/lb to 7.99/lb some even jumped up to 9.99/lb. Gas was under $4/gallon not too long ago and about 5.50 average here now. The tent encampments around town are growing fast outside of normal railway and shelter locations. (Sacramento area)
BST references: jdimmick;Gerard;wondercoin;claychaser;agentjim007;CCC2010;guitarwes;TAMU15;Zubie;mariner67;segoja;Smittys;kaz;CARDSANDCOINS;FadeToBlack; jrt103;tizofthe;bronze6827;mkman;Scootersdad;AllCoinsRule;coindeuce;dmarks;piecesofme; and many more
"Double-digit inflation is now guaranteed and it will be long-lasting."
Keep stackin' da metals.
Lol. Not him again.
Looks like he is reactive rather than proactive. Also seems like a Russian sympathizer. Is his inflation call really about the Russians?
Oh my. He does love Russia. Who in their right mind would have any sympathy for Russia in this country?
LOL. the Dumb Commie was actually Budget Director in the Reagan White House, who like some here is not blinded by red, white and blue. Often the truth contradicts the "patriotism" some let others sell to them. True patriots see truth.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
"Double-digit inflation is now guaranteed and it will be long-lasting."
Keep stackin' da metals.
Lol. Not him again.
Looks like he is reactive rather than proactive. Also seems like a Russian sympathizer. Is his inflation call really about the Russians?
Oh my. He does love Russia. Who in their right mind would have any sympathy for Russia in this country?
LOL. the Dumb Commie was actually Budget Director in the Reagan White House, who like some here is not blinded by red, white and blue. Often the truth contradicts the "patriotism" some let others sell to them. True patriots see truth.
I’m from Michigan and in the auto industry. I’m well aware of who he is. Don’t let him play you. He loves debt. Always has. Maybe he’s been the architect of America’s demise these last 50 years? In a sick way, I tip my cap to him. He played it well.
"Double-digit inflation is now guaranteed and it will be long-lasting."
Keep stackin' da metals.
Lol. Not him again.
Looks like he is reactive rather than proactive. Also seems like a Russian sympathizer. Is his inflation call really about the Russians?
Oh my. He does love Russia. Who in their right mind would have any sympathy for Russia in this country?
LOL. the Dumb Commie was actually Budget Director in the Reagan White House, who like some here is not blinded by red, white and blue. Often the truth contradicts the "patriotism" some let others sell to them. True patriots see truth.
I’m from Michigan and in the auto industry. I’m well aware of who he is. Don’t let him play you. He loves debt. Always has. Maybe he’s been the architect of America’s demise these last 50 years? In a sick way, I tip my cap to him. He played it well.
"Double-digit inflation is now guaranteed and it will be long-lasting."
Keep stackin' da metals.
Lol. Not him again.
Looks like he is reactive rather than proactive. Also seems like a Russian sympathizer. Is his inflation call really about the Russians?
Oh my. He does love Russia. Who in their right mind would have any sympathy for Russia in this country?
LOL. the Dumb Commie was actually Budget Director in the Reagan White House, who like some here is not blinded by red, white and blue. Often the truth contradicts the "patriotism" some let others sell to them. True patriots see truth.
I’m from Michigan and in the auto industry. I’m well aware of who he is. Don’t let him play you. He loves debt. Always has. Maybe he’s been the architect of America’s demise these last 50 years? In a sick way, I tip my cap to him. He played it well.
It’s the same guy. Started the trend of skyrocketing debt under Reagan. Went to the private sector and raided struggling auto parts suppliers, loaded them with debt, cashed himself out and let them go bankrupt. For someone who is allegedly so against debt he really likes it a lot. He should talk about debt the ways recovering alcoholic talks about booze, but that’s not the vibe I’m getting.
I'm ecstatic my wife and I decided to refinance our mortgage in 08/21. Went from a 30-year mortgage at ~3.7% (5 years into the mortgage) to a 15-year 2.625% rate with a modest increase in monthly payment. We will have our forever home paid off by the time we are 48 years old...
I feel bad for anyone who hasn't been able to purchase a house over the last year or two. Way too much demand and a very limited and competitive housing market these days. Now with housing prices high and interest rates doubling in a year, lots of people (many being millennials) are effectively priced out of the market.
Even in my small "rural-ish" town in Connecticut, there are very few houses for sale and the ones that are for sale, sell for 10-20% over ask with other crazy things like all-cash offers, no appraisals, no inspections etc. This is even after CT housing prices increased pretty dramatically to start in 2020-2021 thanks to New Yorkers escaping that dumpster fire of a city.
paid off our house and started paying ourselves the interest we were paying on the house. Wasn't a high rate but it was much higher than the rate the savings we were earning. I don't like holding a lot of dollars, it's like a game of hot potato.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Comments
And dont forget the protein.
Knowledge is the enemy of fear
Appears that the conspiracy theory voiced by some here that money printing will lead to inflation was in fact just another conspiracy reality.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I want to try the farm raised boar equivalent of ham
And even some prong horn antelope
Can find people claiming to sell stuff but can’t find anyone so interested they reply to emails or call back.
Reality always wins.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Unfortunately, inflation has only just begun.
I knew it would happen.
Yes, unfortunately there may be some rough times ahead for some folks. When cheap food goes away, people get desperate.
Picked up a sixer from the gas station. Last time was 7.99, 10.99 now.
I just hope there isn’t a food riot in Bakersfield
Took some Vay-Kay this coming week. Clearing out a bit more brush to plant a few more acres of crops. Glad I started the pandemic stacking Mason jars....and a few other vital things instead of gutter metal. Live free my brothers! RGDS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
My mason jars have silver lids.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Pretty sure this is the guy who bought all the toilet paper (and the twinkies) last year.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
This guy got carried away. He had mistaken his wife’s shorts for one more gas container.
While QE has proven that central banks can throttle demand, they will never be able to create supply.
they can print money but they cannot print commodities. look for new QE to be injected into the commodity sector, particularly commodity base hedge funds that threaten to blow up the financial system. Will they have to rescue the bullion bankers setting prices at the COMEX CRIMEX?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Look for higher wages as both organized workers and individuals demand higher pay to keep up with inflation. Real wages (after adjustment for actual inflation) will continue to result in financial pain for consumers.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
One way to beat the price of gas.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
We did something similar when we were kids in the winter. We would hide between the parked cars then sneak out and grab the back bumper and slide along the icey road crouching down so the driver couldn’t see use, we called it skeeching. I don’t know how I ever survived my childhood.
We called it hooky-bobbin. All fun and games until you hit a manhole lid...
We did it on bicycles latching on the back of the pick up spraying for mosquitoes. Took a week to get the smell off. Could explain why I've been wrong about everything I post here.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I can’t believe you said that. We road our bikes in the cloud behind the mosquito truck. My wife blames that for my current mental state.
Official, 12 pack of my house brew went from $11 to $15 around here. If something is gonna get the freeload army upset a pricier buzz will do it.
Keep in mind that gas was up 40% and oil was up 80% before the war began.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Hold the presses. You guys think you have problems I just found out my $8.50 burrito is now $10.50. Steak and avocado extra 😢 😭
Yesterday I paid $12.25 for a lousy chicken sandwich from Panera’s. I had to let them know I could get 3 at Popeyes for the same price with a senior discount.
24 pack 16 oz miller lite tall boys, previous price $17.50, for the past 4 years, current price, are you ready for it???? $17.75. lol I should start recycling cans. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Sounds like some really high inflation numbers coming up tomorrow....
And the numbers are... CPI rose 1.2% in March... the highest since 1981. And some would argue that the number is much lower than what most people are seeing.
Sure waiting for that ' there is no inflation problem' crowd! I could use the re-assurance, cause it looks like I'm getting hammered everywhere I look.
And just got my home insurance billing... quite a jump.... probably from 'inflated' home values that have been taking place...
The word is that it will continue now for a year, or more. At this rate, it's gonna get pretty ugly.
I knew it would happen.
Take a peek at some of the P&C insurers profits, they've raked in billions of "windfall" profits since 2020. I work for one of those P&C insurers and our profits increased about 33% in 2021 over 2020....and in 2020 we had record profits as well. Part of it has to do with inflation, but part of it is corporate greed and using inflation as an excuse. Insurers know that there is inflation and they've been aggressive in maintaining profit margins.
Now, for my employers personal lines auto business, were raising rates in 40 states, lol. DOI's and state regulators have been catching on, mainly NY, CA, IL and some of the other activist insurance regulatory states. The P&C industry is an unhealthy industry pumping out 10-15% margins at the expense of insureds. Below is an article showing how the IL DOI is now investigating P&C carriers profits...
https://www.chicagobusiness.com/insurance/auto-insurers-mandated-disclose-covid-windfalls-illinois
my landlady just raised rent 10% and a local property management company said some owners raised rents as much as 40% recently. morning coffee jumped from 5.99/lb to 7.99/lb some even jumped up to 9.99/lb. Gas was under $4/gallon not too long ago and about 5.50 average here now. The tent encampments around town are growing fast outside of normal railway and shelter locations. (Sacramento area)
jdimmick;Gerard;wondercoin;claychaser;agentjim007;CCC2010;guitarwes;TAMU15;Zubie;mariner67;segoja;Smittys;kaz;CARDSANDCOINS;FadeToBlack;
jrt103;tizofthe;bronze6827;mkman;Scootersdad;AllCoinsRule;coindeuce;dmarks;piecesofme; and many more
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
This will not end well
What used to be my favorite taco truck.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
You got the bucks help keep the guy in business
Inflationary Hell That’s About to Break Loose
"Double-digit inflation is now guaranteed and it will be long-lasting."
Keep stackin' da metals.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
German inflation now at 30+%.
Those Mercedes are going to get really expensive.
Wealthy countries will eat. Poor countries will have famine. It's going to be a bumpy ride.
Lol. Not him again.
Looks like he is reactive rather than proactive. Also seems like a Russian sympathizer. Is his inflation call really about the Russians?
Knowledge is the enemy of fear
Oh my. He does love Russia. Who in their right mind would have any sympathy for Russia in this country?
LOL. the Dumb Commie was actually Budget Director in the Reagan White House, who like some here is not blinded by red, white and blue. Often the truth contradicts the "patriotism" some let others sell to them. True patriots see truth.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I’m from Michigan and in the auto industry. I’m well aware of who he is. Don’t let him play you. He loves debt. Always has. Maybe he’s been the architect of America’s demise these last 50 years? In a sick way, I tip my cap to him. He played it well.
Obviously a different David Stockman. The one from the Reagan years was a strong advocate for budget (debt) reduction.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
It’s the same guy. Started the trend of skyrocketing debt under Reagan. Went to the private sector and raided struggling auto parts suppliers, loaded them with debt, cashed himself out and let them go bankrupt. For someone who is allegedly so against debt he really likes it a lot. He should talk about debt the ways recovering alcoholic talks about booze, but that’s not the vibe I’m getting.
https://money.com/todays-mortgage-rates-april-18-2022/?amp=true
I'm ecstatic my wife and I decided to refinance our mortgage in 08/21. Went from a 30-year mortgage at ~3.7% (5 years into the mortgage) to a 15-year 2.625% rate with a modest increase in monthly payment. We will have our forever home paid off by the time we are 48 years old...
I feel bad for anyone who hasn't been able to purchase a house over the last year or two. Way too much demand and a very limited and competitive housing market these days. Now with housing prices high and interest rates doubling in a year, lots of people (many being millennials) are effectively priced out of the market.
Even in my small "rural-ish" town in Connecticut, there are very few houses for sale and the ones that are for sale, sell for 10-20% over ask with other crazy things like all-cash offers, no appraisals, no inspections etc. This is even after CT housing prices increased pretty dramatically to start in 2020-2021 thanks to New Yorkers escaping that dumpster fire of a city.
paid off our house and started paying ourselves the interest we were paying on the house. Wasn't a high rate but it was much higher than the rate the savings we were earning. I don't like holding a lot of dollars, it's like a game of hot potato.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Who says money ain't free?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I'd prefer dollars over gutter metal any day. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
they may come in handy!
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
UUP etf is better than cash, and should be for another month or 3.
Our no contract internet bill just shot up 50%, ATT fiber.