Posted on 07/13/2022 7:20:45 AM PDT by tanstaafl.72555
U.S. consumer prices in June accelerated at the fastest annual pace since November 1981.
(Excerpt) Read more at finance.yahoo.com ...
Would not surprise me in the least if that were still happening.
***********
What would be truly surprising is if it was NOT happening.
Today’s report, though somewhat expected, was still way above the consensus estimate. At the 9.1 rate the Fed is going to have to keep raising, which increases the cost of doing business for all companies. by all normal logic, the market should be down a lot more than it is.
But it isn’t. A new form of invisible hand, as it were.
And then the Reagan Renaissance will follow. If we are not destroyed first.
*************
We were a different country back then. Totally different place from today’s permanent kleptocracy.
You’ll always suffer if you fall for the “everything is a conspiracy” BS. I’ve watched it happen for almost 50 years. Been through 3 real estate crashes and made out bigger on each one.
People that are fixated by the present never prosper. Huge opportunities are in place right now, I have friends who are doing great. I don’t need to take big risks anymore, but I’m watching for the next land opportunity timing just to help out my heirs.
The question will be: will we be able to pull out of the nose dive in time to recover. It won't be easy.
The market will indeed close up…at 4 pm per usual. Let’s not get hysterical people.
Right.
1. The daily/weekly/monthly movements of the market are meaningless!
2. Fortunes are made by taking advantage of real estate crashes.
3. The house you live in isn’t really an investment.
If that's the case, then buying gold and silver isn't going to do much good. The prices for those commodities are going to decline (at worst) or stay flat (at best) over the long term, anyway.
The only major financial move I made recently was to draw on a major line of credit from my personal bank that I use for my business. I don't need the money, but they're offering a ridiculously low promotional interest rate for the next 18 months. I'll just put the money in the bank for 18 months and earn 1.2% interest while paying 0.5% on the loan.
The question will be: will we be able to pull out of the nose dive in time to recover. It won’t be easy.
************
The problem is America is not the same place it used to be. Demographics, ethics, morality and culture have fundamentally changed. How do you reorient the purpose and character of a nation once its changed to the degree ours has?
Ash, is that you?
Eschoir?
Mojo?
I am so screwed.
Back when interest rates were near 0% this website was filled with people complaining that seniors living on fixed incomes can't afford to pay their bills. They said it was IMPERATIVE that interest rates must rise to help these people survive.
Now, this website is filled with people complaining that rising interest rates are going to DESTROY the U.S. and bring on a never-before-seen economic Armageddon.
I suspect the same people are posting these diametrically opposing rants here.
I dont know these names, so no
There is definitely a lot of that religion out there. And it is being reinforced by the lefty leadership with the delusional promise that green energy is a job and economic cherry just waiting for the picking.
“And what comes next”
C O L Buying power drop
Unemployment
Deflation
The Old Ones.
Nephilim Summerian cult. Gath. Ashtaroth. Goliath.
Isis. Diana. Molech.
8th circle of the Coming delusion. 2 Thessalonians.
You’ll always suffer if you fall for the “everything is a conspiracy” BS.
***********
Do you buy the 9.1% inflation number the government has conveniently been able to manufacture? Who believes that? It bears no resemblance to the real cost of living. Now THAT is an example of real BS.
How about the ‘transitory’ nonsense they fed us? Yet another case of pure BS.
You may be completely unaffected by inflation. If so, good for you. But its causing very challenging and stressful problems for most people in this country. Many of who do not have the luxury of investing in land speculation.
The Social Security COLA increase for 2023 is calculated based on the inflation from Q4 2021 through Q3 2022.
Democrats live in a fantasy world where a woman is not a woman and microaggressions are at every corner and if you don't use the right pronoun people will whine and be offended and cry. I hope that Republicans are more realistic about the world and that that will make the difference when times are tough. The real world is cold cruel and tough and we are just a short distance from knowing the cold cruel world first hand. The ivory towers that we live under will fall and then what?
“INTEREST RATES” will not “destroy” the US. They are the antidote for what will destroy the US (the deliberate destruction of the currency by the fed). The problem is, we have pushed back the needed correction for too much money so intensely and so long (ESPECIALLY since 2007) that if we really grind down on interest rates to choke out inflation, it will actually seem like we are “destroying” the economy.
Were you around in 2001-2002? Before the fed finally let interest rates go, the results were nothing less than apocalyptic. I saw my dad lose everything he had (he was in real estate), and have to go out to TX to work in the oil fields. It was very ugly.
The point is, to address the problem now, it is going to be very much like the philosophy of chemo to a cancer patient. You poison his whole body with the hopes that the cancer dies before he does. It won’t be pretty. The alternative is to believe the BS of the feelgood money printers who have already destroyed over 60% of the dollar’s value in just the last 10 years.
If that sound like “hand wringing” to you then ... well... good luck to you. I ain’t buyin’
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.