That's what I think. I really thought it was going to be in this last quarter. My new guess is either 1) right after retail posts Christmas results or 2) in April when everyone's higher taxes are due.
On a side note, I was in BJ's warehouse club yesterday. The largest size of paper towels are going for 26 dollars. The largest size Charmin going for $30. Unsustainable. We're in big trouble. Once the market crashes, it's going to be a long, hard depression.
My co-workers at work, mostly younger than 28 years old, keep telling me that there is no inflation.
I choose not to argue with them. None of them have a house or family. Therefore, none of them have to worry to much about maintain a household budget, because they typically have much more money than they need to pay for their small apartment. They would not really know about the increase costs of food, because they eat out so often.
Inflation is high, and I see it everyday. I have much less discretionary income, despite making more, and my household expendiatures have remained the same.
“We’re in big trouble. Once the market crashes, it’s going to be a long, hard depression.”
In terms of timing, a market crash prior to September of 2016 would be about right for Ted Cruz. To get him in office I’ll take a personal financial hit. Everyone’s long term financial well-being depends on it.