When you say 'take home' ; do you mean, taking the $$ home to pay bills? OR what's actually left to buy that single MGD at circle K
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Inflation.......... ?
- Thread starter Hobo Hilton
- Start date
yea, people are dipping toes, ready to jump in and become polar bears. It's coming, it won't be pretty. Rest assured, Bill gates and the political class will go to bed at night with full stomachs.
I was being a smart ass. Nice 1/2 a day's work though.
Net pay that is shown on the paycheck stub..
I check the PX numerous times a day. A whole bunch of stuff is just not moving=overpriced or people are too broke to buy…or waiting for further discounts.
Pro-tip: If you post something for sale, and it’s not selling, it’s priced too high.
Home prices hit a new record high in the second quarter
Despite rising mortgage rates that dampened sales, home prices continued to climb higher in the second quarter, with many more cities seeing double-digit price gains than in the first part of the year.
right before every housing crash, you see multiple spikes after small declines in both mtg apps and prices. Crash is gonna be hardHome prices hit a new record high in the second quarter
Despite rising mortgage rates that dampened sales, home prices continued to climb higher in the second quarter, with many more cities seeing double-digit price gains than in the first part of the year.www.cnn.com
I agree. The run up (spike) in the markets over the past 6 weeds is unexplainable. I see it as gamblers playing with other people's money.
I have been wrong before when observing the unexplainable.
The hard part is just about everything is unexplainable right now, lol.
And so many of those are obsessed with “security” so they support any government initiative. Little do they understand that they are fucking themselves.
The only way out of this mess is "Deflation".
Went to Home Depot today. Needed a fitting to hook garden hose to 1/2" NPT...
Cost of one fitting was $11.67.... On a good day that fitting should sell for no more than $5.00
Deflate prices at least 50% from where they are today..... Or suffer the consequences.
Went to Home Depot today. Needed a fitting to hook garden hose to 1/2" NPT...
Cost of one fitting was $11.67.... On a good day that fitting should sell for no more than $5.00
Deflate prices at least 50% from where they are today..... Or suffer the consequences.
I ordered an above ground 1000-gal propane tank last year. Was quoted $2800 delivered and installed. They couldn't get one for me as everything was backordered. Now the price is $6000 for the same tank, and that's not delivered or installed.
A two way 4" PVC clean out cost me $54 yesterday at the local plumbing supply place. Yes, that's for one piece of plastic.
A two way 4" PVC clean out cost me $54 yesterday at the local plumbing supply place. Yes, that's for one piece of plastic.
They have to blame it on something........ A "Feel Good" psych trick.
www.cnbc.com
Co-pays, childcare costs and gas prices are some of the reasons people cut back on therapy this year, survey finds
Many people are canceling therapy sessions for financial reasons, according to a recent survey. Experts say inflation may be worsening the issue.
www.cnbc.com
The new feel good term:
Surge Inflation
Another "Hope Plan".... Hope it goes away.
www.cnbc.com
Surge Inflation
Another "Hope Plan".... Hope it goes away.
Amazon is raising seller fees for the holidays to manage through surging inflation
Amazon is increasing fees paid by sellers who use its shipping services as the company contends with rising costs.
www.cnbc.com
I'm surprised Biden's puppets haven't redefined 'inflation' to something more warm and fuzzy, like perfect economy temporary price rise.
Turkey shocks markets with rate cut despite inflation near 80%
Turkey's central bank shocked markets Thursday with a cut to its benchmark policy rate, despite inflation in the country sitting near 80%.
www.cnbc.com
Citi projects UK inflation to breach 18% in January as energy prices skyrocket
U.K. inflation is on course to exceed 18% in January as the country's energy price cap enters the stratosphere, Citi economists are projecting.
www.cnbc.com
I saw that report come out this morning. The UK and Europe have a much better realization of the inflation rate. Here in America the politician's are feeding the sheeple a lot of bull shit propaganda..... The little household budgets know that the inflation rate is the same here as the rest of the world...Citi projects UK inflation to breach 18% in January as energy prices skyrocket
U.K. inflation is on course to exceed 18% in January as the country's energy price cap enters the stratosphere, Citi economists are projecting.
Inflation is worldwide.
EU electricity costs double
The cost of electricity in Europe has more than doubled since the beginning of summer, driven by soaring gas prices
I expect that to double again shortly. With no gas that and firewood look to be the alternatives unless we are going to go down even further and start burning dung.EU electricity costs double
The cost of electricity in Europe has more than doubled since the beginning of summer, driven by soaring gas priceswww.rt.com
The only way the FED Reserve can tackle inflation is to raise the interest rate to match the inflation rate....
Inflation is realistically, at 20%.......... Raise the interest rate to 20%.
Allow a guy with a few $$$ in the bank to at lease break even at the end of the year..... 20 / 20
Read it and weep:
www.cnn.com
Inflation is realistically, at 20%.......... Raise the interest rate to 20%.
Allow a guy with a few $$$ in the bank to at lease break even at the end of the year..... 20 / 20
Read it and weep:
Stocks tumble on fears of another big Fed rate hike
So much for hopes that the Federal Reserve will tap the brakes on its aggressive interest rate hikes. Stocks tumbled Monday morning as investors once again began to worry that the central bank will raise rates by three-quarters of a point next month.
It wouldn't work that way at a macro level. Raising interest rates that sharply would destroy the velocity of money in the economy, and then a real recession would ensue. This isn't Paul Volker's economy as there is a lot more debt in the economy that has to be serviced. This is what they are not telling you (or putting it all together for the masses to understand, probably a better way to say it). They are trying to "cool off" inflation while keeping demand high so that debt can still be serviced (keeping the banks solvent) but are also still printing money. Its not going to work.The only way the FED Reserve can tackle inflation is to raise the interest rate to match the inflation rate....
Inflation is realistically, at 20%.......... Raise the interest rate to 20%.
Allow a guy with a few $$$ in the bank to at lease break even at the end of the year..... 20 / 20
Read it and weep:
Stocks tumble on fears of another big Fed rate hike
So much for hopes that the Federal Reserve will tap the brakes on its aggressive interest rate hikes. Stocks tumbled Monday morning as investors once again began to worry that the central bank will raise rates by three-quarters of a point next month.
Trying to keep the macro economy humming and prevent bank failures while printing money AND increasing interest rates is a fools game. Time will prove this true.
You and I know they can only tread water for just so long...... Making it hard on the working middle class...
And pay taxes onThe only way the FED Reserve can tackle inflation is to raise the interest rate to match the inflation rate....
Inflation is realistically, at 20%.......... Raise the interest rate to 20%.
Allow a guy with a few $$$ in the bank to at lease break even at the end of the year..... 20 / 20
Read it and weep:
Stocks tumble on fears of another big Fed rate hike
So much for hopes that the Federal Reserve will tap the brakes on its aggressive interest rate hikes. Stocks tumbled Monday morning as investors once again began to worry that the central bank will raise rates by three-quarters of a point next month.
All these new little cars are being built with more aluminum, OTR 18 wheelers are being built with more aluminum, high tension cables in the power grid are aluminum and don't forget the beer cans....... The next shortage is looming.
The United States imported 5.5 million metric tons of aluminum in 2018, which is about $24.3 billion worth. The U.S.’s aluminum imports in 2018 came from a total of 134 countries. About 81.9% of aluminum imports into the U.S. came from these 15 countries,
oilprice.com
The United States imported 5.5 million metric tons of aluminum in 2018, which is about $24.3 billion worth. The U.S.’s aluminum imports in 2018 came from a total of 134 countries. About 81.9% of aluminum imports into the U.S. came from these 15 countries,
Aluminum Smelters Shutter Operations In Europe As Power Prices Soar | OilPrice.com
Soaring power prices across Europe are forcing aluminum and zinc smelters to shutter operations
oilprice.com
And this is the other side of the money printing coin. You got inflation? You want more money in raises to match the inflation rate? Perfect, except the taxes you pay on that raise just knocked you back down, so you actually need a raise beyond the inflation rate to keep up, since you may be buying goods and services that exceed the inflation rate and taxes are increased. God help you if a raise takes you **just barely** into another tax bracket.
I have seen several lower paid employees complain about notting getting back those crazy tax refunds they were used to getting.
The plus side is it devalues debt already in place.
Natural gas.......
www.marketwatch.com
Natural-gas prices surge to their highest level since 2008; oil slips
U.S. crude-oil futures end lower Monday, but pare much of the day's losses on renewed worries about tight supplies. Natural-gas prices, meanwhile, climb to a...
www.marketwatch.com
North Texas energy prices are double from just a couple years ago..
$0.836 Texas avg last Nov, is now around $0.14/kwh here around Dallas.
This snapshot from Nov-21' had Texas near the bottom in the US in avg costs.
www.eia.gov
$0.836 Texas avg last Nov, is now around $0.14/kwh here around Dallas.
This snapshot from Nov-21' had Texas near the bottom in the US in avg costs.
US Electricity Profile 2023
Oregons Yaquina Bay live oysters up from one dollar to $1.38.
The price of a bottle of fine single malt is holding steady.
The price of a bottle of fine single malt is holding steady.
If the government is giving a handout you better duck because you are about to get slapped by the other hand.
Despite rising costs, oil and gas producers globally are expected to book new records in cash flows and offer the best return on capital employed (ROCE) in 15 years, BMO Capital Markets said in a new report cited by Upstream.
Stronger oil and gas prices will be the key driver of record cash flows in the industry, according to an analysis by BMO Capital Markets of 120 oil and gas firms globally.
oilprice.com
Stronger oil and gas prices will be the key driver of record cash flows in the industry, according to an analysis by BMO Capital Markets of 120 oil and gas firms globally.
Oil And Gas Producers To Break New Cash Flow Records | OilPrice.com
Oil and gas producers are on track to book new records in cash flows this year thanks to high prices
oilprice.com
Have a big ol' glass of Koolaid......
www.cnbc.com
Fewer Americans say they are living paycheck to paycheck as inflation begins to ease
Fewer Americans are feeling financially strained after recent signs inflation has started to cool.
www.cnbc.com
LOL, inflation is easing? 1 MONTH. fk'n CNBCHave a big ol' glass of Koolaid......
Fewer Americans say they are living paycheck to paycheck as inflation begins to ease
Fewer Americans are feeling financially strained after recent signs inflation has started to cool.
More like.. They quit driving, going out, buying meat, and most food stocks, let their insurance lap, and cancelled the 401k. They've gone on the Maduro diet. Feral animals are no longer a concern around the house.
oh, the GREAT NEWS - 2% drop, LET'S PARTY
As of July, 59% of Americans said they lived paycheck to paycheck, down from 61% in June but still higher than a year ago, when the number of adults who felt stretched too thin was 54%
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The fk'n headline is just sooooo misleading !@$##@!%$@#$$
Fewer Americans say they are living paycheck to paycheck as inflation begins to ease
And the kicker, I bet those 250K dollar a year people, REALLY HAD to work at tightening their belts.
" LendingClub Corp. conducted a survey from April 6-13 with about 4,000 US consumers, finding that roughly 36 percent of households bringing in $250,000-plus annually spend most of their income on household expenses."
www.breitbart.com
" LendingClub Corp. conducted a survey from April 6-13 with about 4,000 US consumers, finding that roughly 36 percent of households bringing in $250,000-plus annually spend most of their income on household expenses."
Poll: One-Third of Americans Making $250K 'Live Paycheck-to-Paycheck'
More than 33 percent of Americans who earn $250,000 a year report living paycheck to paycheck, a new survey revealed.
www.breitbart.com
Unfortunately, there appears to be no worldwide acceptable formula to calculate inflation. I suspect the Governments of the world are doing their best to "cook the books" and present lower inflation numbers in an effort to hold down panic. The article points out that inflation in the Euro Zone was 9.1%, France 6.5%, Spain 10.4% and Germany 8.8%. It is 8.7% here in the US.
Japan inflation rate is 2.6%.
Extensive government bond purchases by the Bank of Japan enabled the Japanese government to subsidise goods and services on a large scale. Estimates indicate that about 50 per cent of goods and services in the Japanese consumer basket — used to measure consumer price inflation — are subsidised.Aug 12, 2022
www.cnbc.com
www.oecd.org
Japan inflation rate is 2.6%.
Extensive government bond purchases by the Bank of Japan enabled the Japanese government to subsidise goods and services on a large scale. Estimates indicate that about 50 per cent of goods and services in the Japanese consumer basket — used to measure consumer price inflation — are subsidised.Aug 12, 2022
Euro zone inflation hits another record of 9.1% as food and energy prices soar
Euro zone inflation hit a new record high in August at 9.1%, exceeding economists' expectations.
www.cnbc.com
Consumer Prices, OECD - Updated: 5 July 2022 - OECD
OECD Information for journalists, Inflation in the OECD rises further in May 2022, reaching 9.6%
www.oecd.org
Apply some common sense.
survivalblog.com
Whip Inflation Nonconformably: We can at least effectively hedge against inflation.
Whip Inflation Nonconformably. We can't whip inflation, collectively. But as individuals and families, we can at least effectively hedge against inflation.
survivalblog.com
Kicking the can into 2023.
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“My current view is that it will be necessary to move the fed funds rate up to somewhat above 4 percent by early next year and hold it there,” she said in prepared remarks for a speech in Dayton. “I do not anticipate the Fed cutting the fed funds rate target next year.”
www.cnbc.com
______________
“My current view is that it will be necessary to move the fed funds rate up to somewhat above 4 percent by early next year and hold it there,” she said in prepared remarks for a speech in Dayton. “I do not anticipate the Fed cutting the fed funds rate target next year.”
Fed's Mester sees benchmark rate above 4% and no cuts at least through 2023
Cleveland Fed President Loretta Mester said she sees rates rising considerably higher before the central bank can ease off in its fight against inflation.
www.cnbc.com
All those EBT cards probably get bumped up for inflation so no worriesHave a big ol' glass of Koolaid......
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Fewer Americans say they are living paycheck to paycheck as inflation begins to ease
Fewer Americans are feeling financially strained after recent signs inflation has started to cool.
You can take the housing market out of the economy for a while. And the trade jobs that go with it. And the manufacturers of all housing related goods. Add to that the higher prices of everyday living and high debt loads of the citizenry. E Bryant may be right on the money - this thing could turn down on a dime, especially with the Fed utilizing backward looking data for performance metrics.Kicking the can into 2023.
______________
“My current view is that it will be necessary to move the fed funds rate up to somewhat above 4 percent by early next year and hold it there,” she said in prepared remarks for a speech in Dayton. “I do not anticipate the Fed cutting the fed funds rate target next year.”
Fed's Mester sees benchmark rate above 4% and no cuts at least through 2023
Cleveland Fed President Loretta Mester said she sees rates rising considerably higher before the central bank can ease off in its fight against inflation.
I agree 100% with "turn on a dime"..... A 3 day holiday weekend would give the rest of the world markets a chance to posture while America wakes up after a long weekend. I've mentioned a "Black Swan" event many times. Maybe a Black Swan appearing half way around the world and setting off a financial tsunami that washes over America.
Get ready and have a plan to out live 2 million of your fellow Americans..... Even BFC has a plan.
Bigfatcock
Connect the dots...
oilprice.com
Natural Gas (Henry Hub)
U.S. Natural Gas Power Generation Hits Record High Despite Soaring Prices | OilPrice.com
In July, natural gas consumption for power generation in the U.S. hit a record high due to a lack of coal generation and renewable energy supply.
oilprice.com
That’s happening right now
If you follow charts on various markets, look at them now
Worldwide........ And it all started right here in America and the rest of the world is following the US down the rabbit hole.
Yessir.
And the books are being cooked pretty subtly also. Example is employment numbers. The number they use is simply a gross number which counts a person holding 2 jobs (for need or whatever) as 2 separate employees and employments. What’s more indicative and true is a percentage of actual workforce employed which tells a different story.
Housing listing times are increasing (obviously) as mortgage rates go up. Those traditionally lag and probably won’t become more obvious until late fall, early winter.
‘The energy disaster for Europe will ripple. Winter may be ugly there.
‘Also keep an eye on Africa and the Middle East as the grain shipments were delayed, interrupted or some didn’t happen at all. In difficult times those are traditionally boiling point areas.
Theres still a pretty interesting divergence between the PPI and CPI Which bears watching. Wholesale versus retail if you will.
FWIW, anyone following the market talking heads and buying dips better have a fairly long timeline. If close to retirement and still in risk then that is folly. All the signs are there if you pay attention. Focus more on providing income than a gross number. Retirement is about cash flow not some magic number imo.
Sorry for the rant.
I don't take your input as a rant....... Thanks for sharing.
Very few even know about the boiling points of Africa and the middle East, in a way, self governs. Give Africa some basic dirty bombs and the Black Swan will fly.
"Over the winter, it wouldn't come as a surprise if some of the developed nations in Europe start to see more serious forms of civil unrest," Soltvedt said.
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