Posted on 12/15/2021 8:56:23 AM PST by DownInFlames
Some crypto, like Bitcoin, is limited by design. There is no way to ‘print more Bitcoin’ like dollars, so it is way more inflation proof due to flooding the market like dollars can be.
At this point, enough people don’t understand crypto (I do to a limited extent) to be comfortable enough to get into this market, so I’m not expecting market saturation anything soon. Everything’s a risk, and I didn’t invest more than I’m willing to lose.
I-bonds are yielding 7+%
I am not an economist, and do not play one, anywhere.
I’m 69. As a witness during the Nixon years, the Carter years, the Bush sr., and so on, IMHO, yes, we are, and with the clowns in charge, I would suggest buying cartons of Vaseline lubricant, (I know this might be a family read article), for it is going to bounce for a while.
I agree 100%. My post was pretty specific regarding the old index.
I fill up my truck every Friday AM. It’s gone from $40 on a normal week to about $70. And I don’t drive all that much.
Luckily my wife works from home, so we can hide from a lot of the old expenses: commuting, eating lunch at work, office clothes..there are a ton of hidden costs when you work.
Retired me buys a new sweatshirt every year…and a pair of jeans every other year.
Everything’s a risk, and I didn’t invest more than I’m willing to lose.
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I agree and that’s why I don’t invest in anything I cannot value based on well established and reliable financial ratios and/or cash flow analysis. I like the process of figuring out what something is really worth (i.e., its intrinsic value, which often reveals itself over time).
That said I understand why such fundamental is not attractive to many people.
Best of luck with your crypto position.
The cost of good and services, food, etc. will increase as energy costs increase. Less disposable income hurts businesses. It is a downward spiral. Will the Fed act or has it become so politicized, it will destroy the currency to satisfy their partisan interests?
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Well put. The Fed will try to finesse its way out of the box it’s in. Look for some very creative language today.
Globalists sold out industry to the 3rd world not Reagan.
increased interest rates + increased taxes + decreased rate of growth of money supply + credit crunch = recession
Consider that if you bought Bitcoin in 2011 at $0.005 in even insignificant quantities, you'd have $millions today.
If we see 12 to 15% rates from where we are now I will be shocked. Those rates then started at 6 to 8%. Those same 6 to 8% rates will scare the living daylights out of the kiddies today. Talk about unaffordable house and cars.
The recession is long over due. We have lived too high for too long now. We need a cooling off time. This economy is artificial now that Trump’s initiatives are hammered. If the Trump measures had been left alone there was room for pent up growth but we are back to pre Trump now. The malaise is over due.
I paid 16% interest on a new car loan in 1980.
There’s an entire generation of kids who have never experienced inflation.
Man, are they in for a rude awakening.
“Are you gonna believe us or your own lying eyes?”, says Brandon
Real estate around southern Wisconsin has been doing the same, and it was climbing pretty fast even before the spike.
I’m watching for the crash. My land is paid off, but most real estate isn’t. Add to that the rising cost and shrinking supply of farm inputs, and some of my neighbors are in for a rough time.
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