Posted on 02/10/2022 6:02:35 AM PST by Red Badger
Our electric utility was recently sold, formerly owned by The Southern Company, out of Atlanta, under the name of ‘Gulf Power’ and bought by ‘Florida Power & Light’.
Our electric bill has nearly doubled. Pensacola, 40 miles west of here is studying starting their own utility in response to citizens complaints.....................
Hello Jimmy Carter...
Are gas lines next?
Like Toilet Paper and Hand Sanitizer.................
Yes and worse.............
This is why I reject the notion that “now that the China Virus is under control, Biteme/DemoKKKrats’ numbers will improve.” Nope. Inflation ain’t going away. Gonna get worse.
Meanwhile, especially because Biteme & Blue State Govs cling to the China Virus like leprosy, he won’t get any credit for “ending” it and it is baked into voters’ views he is an incompetent Rutabaga.
Please don’t insult the Rutabagas......................
Prices up everywhere on the stuff I buy.
Gas, utilities, grocery, auto parts...
Needs to go higher
Stolen elections have consequences
That being said at least there are no mean tweets this am
By the by nary a word about medicare for all
That comes out every September before elections hmmm
Biden: “The economy is booming! Unemployment is LOWEST in years! We fixed the Supply Chain! The Covid-19 virus is DEAD!”
The pure definition of GASLIGHTING!...............
Needs to go higher?
This is only the beginning!
The rollercoaster is still climbing that first hump!..............
FED is already tightening, using their shadow rate, which is now positive. The battle is on. It will be interesting for us investors as we try to thread the needle just as the FED is doing. Short-term Treasury Bonds finally have real return above liquid bank accounts, that gives some relief and will force bank to raise yields at some point.
Energy still roaring, OPEC+ can’t make their quotas. Biden is an idiot, but idiots always leave openings, like Obama did.
Keep rocking, the next 18 months will be very interesting.
But when inflation in 1982 was killing me, my rate if return on my money market mutual fund was 14%. Now it’s less than one percent. So now we get spitroasted from both ends.
I know. Coming up with any analogy to this Demented Pervert’s mental capacity will insult almost any inanimate object.
My wife does the shopping, but I just noticed one product where the old package was $3.99 and the new package was $4.49.
The old package was a month old....
Nothing to see here...in Bidinflation land.
“But when inflation in 1982 was killing me, my rate if return on my money market mutual fund was 14%. Now it’s less than one percent. So now we get spitroasted from both ends.”
I remember those days well. Looking forward to the next 18 months, will be interesting. Thank goodness short-term T-bonds now beat liquid banks for real return, I’ve started a ladder. T-bonds will pressure banks into raising their yields soon.
Inflation peaks this year, whoo-hoo, much better than Carter days and we did fine back then.
Only 15%? I was guessing it’s more like 25%. Gas prices in Pensacola have gone up about 20 cents in less than a week.
I live in Pensacola, so I’ll keep an eye out for that.
FJB, FDNC, FHUH....F all of em.
The banks have so much printed money that they don’t want it. Liquidity rules can be met without customer deposits. This is very dangerous. The customer has no relevance to the bank. They only want your debt, not your deposits.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.