Posted on 06/15/2022 2:47:01 PM PDT by American Number 181269513
“Unexpectedly”
Everybody drink!
CC
Tens and tens of thousands of voters STILL cast their ballots for DEMOCRATS yesterday...
we will not have any freedoms the way its going....
unless those White hats kick it in gear.
Why do they want to strip out every commodity that is essential to a normal life? So, let’s take out the price of food, fuel, housing and transportation, and we are on our way to a rosie year of historical savings account growth. My BS METER is pegging all day, every day.
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The fed has been rigging the inflation numbers to attempt to hide actual inflation levels for decades; all to keep the debt based economy going through artificially low interest rates. With every financial calamity, the Fed has lowered rates to “fix” the problem.
Now they’ve run out of options. They’re stuck in a situation with artificially low interest rates, artificially cooked unemployment stats, and sky-high inflation, even with the scales weighted to try and hide inflation.
There’s a couple of rows of Mercedes at the local pick and pull. The place looks like a high-end used car lot. These things look nice! So I asked. The man said, “That one needs a new engine...$15k, those need transmissions...about 12k each and the rest all need one or more computers. I mean, you need to buy a used one because there are no new ones and that only allows you to further troubleshoot as the computers all talk to one another and it could be a different one. The computers, used, run 2-5k and there’s no money back if they don’t work.”
The cars of today have so many technical gizmos that when they fail the car will be undrivable...and, you probably won’t be able to find replacement parts. By year ten most modern cars will still look good but be uneconomical to repair. The sunk cost loss will be huge.
Don’t buy a new car. Lease one if you must.
Who can afford a car? I’m driving a 16 year old Honda with 330k miles that has to last me many more years at today prices. My fixed income was once comfortable.
This one of the many, many things that happen when the govt. declares “war” on the energy the fuels America.
It’s not by accident either.
These UniParty/AINO POSs need to be run out of the country on a rail.
Manual shifts are now the anti theft vehicle of today. Nobody knows how up to use them.
Everything I’ve been reading from across the political spectrum says that “experts” don’t expect a recession to hit until 2023 or at least late 2022. But we had a negative 1Q22 so if we get a negative report for 2Q, bingo, recession. And the news media will act like they’ve been blindsided by it.
With inflation running so hot, even if people are spending considerably more they may be buying a lot less.
The globalist depopulation psychopaths have some unintended consequences headed their way, and they aren’t going to like it.
They may even die before they can kill us, much to their surprise.
You sound like me. 2011 Prius with 321,000 miles.
I just got new tires on my 2000 Kia Sportage. My son just spent over $2k on his Kia Sportage (we have a lot of Kia’s...hubby and sons are basically the same model). Take care of them and they will last. Cheaper to fix them now, rather than incur more debt on a newer car. No freaking way I want any of these new cars. Too much crap to break. We inherited a 2006 Buick Park Avenue that’s got all kinds of bells and whistles. VERY nice car, and we could probably get a bundle of cash for it, but it sits. Just not willing to give anything up at this point in time.
Got you beat, I am driving a 30 year old vehicle.
I would think that inflation should be gauged based on a market basket of goods that are representative of one's actual cost, including food, shelter, transportation, education, clothing, personal costs involved in practicing a trade or profession or sukcing up to the boss or whatever, vacation and entertainment.
You cannot do horizontal substitution - oh, well, it's not really meat instead of steak but it's the same, or discount remainder DVDs instead of going to a first run movie, or a day camping in the state park vs a week at the beach or whatever, or stargazing vs running electricity.
It's clear from all of this that squeezing out the middle class is the end goal of the Schwab elected elite.
Exactly why I’m keeping my little 1997 Toyota Corolla.
“UNEXPECTEDLY”
They have to be kidding. With inflation running rampant and people’s income stationary what did they think would happen? We gave idiots running the country.
“Used vehicle prices are going to fall a lot more”
Curious, how’d you arrive at that conclusion?
Considering that overall availability (completion and warranty repair parts) of new vehicles is practically kaput. Wouldn’t that alone make used vehicles more valuable (heavy 3rd party/salvage parts availability)?
Those are the idiots who buy the whole Putin Price Hike.
Why are used vehicles going to fall?
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