Inflation

[What'dyabringmetoday???]

Where does the money come from to increase pension benefits for those who are retired and no longer work there?

From the government obviously...

 

[Over70irregs]

Thanks Obama

Roll the tape……

Obama’s economic legacy: Big bailouts that worked

The end of Barack Obama’s presidency is near, exemplified Tuesday by his farewell address at McCormick Place, but the historical assessment of his legacy is just beginning. Overall, I think h…

www.chicagotribune.com

 

[textat3]

That chart kind of illustrates a key difference between the current inflationary period, with the inflation of the early 80s. The massive gap between the truth (real inflation,) and the lies (official inflation.)

In the 80s you could earn 10-18% interest for doing nothing.
Today, we'll be lucky if can get 6-10% (when we should be at 12-20% right now.)

Plus, jobs are now being lost, food cost is inflating, energy is being squeezed (making food go higher still,) consumer confidence is wavering going into Fall & Winter, the Fed is probably going to hike rates 4 more times before the election, and the election means nothing is going to change until possibly Summer of '25...

And through it all, the average American's checking & savings account is still only earning 0.1% to 0.17% monthly interest.

Dude…summer of 2025 we will be under Chinese rule if things don’t change…right now forget about inflation, 401k, pension, retirement, the American Dream,,,,all that crap…we are heading into WWIII and we are screwed.…..thanks FJB

 

[Browntown2014]

Dude…summer of 2025 we will be under Chinese rule if things don’t change…right now forget about inflation, 401k, pension, retirement, the American Dream,,,,all that crap…we are heading into WWIII and we are screwed.…..thanks FJB

Lol drama queen much?

 

[PT Car Washer]

Dude…summer of 2025 we will be under Chinese rule if things don’t change…right now forget about inflation, 401k, pension, retirement, the American Dream,,,,all that crap…we are heading into WWIII and we are screwed.…..thanks FJB

I'm still waiting for the recession you predicted every month for 3 years that never happened. Now the Fed is predicting 5% growth.

 

[Over70irregs]

Dude…summer of 2025 we will be under Chinese rule if things don’t change…right now forget about inflation, 401k, pension, retirement, the American Dream,,,,all that crap…we are heading into WWIII and we are screwed.…..thanks FJB

Already in www3. It’s economic…. It started years ago.

 

[DriveInDriveOut]

Now the Fed is predicting 5% growth.

Hilarious that you're posting that as if it's a good thing. The Fed is trying to slow growth.

Read the thread title.
SMH

 

[Over70irregs]

Hilarious that you're posting that as if it's a good thing. The Fed is trying to slow growth.

Read the thread title.
SMH

Wait until 10% mortgage rates next year

 

[DriveInDriveOut]

Wait until 10% mortgage rates next year

Don't count on that buddy.

 

[Over70irregs]

Don't count on that buddy.

I hope not. We hv election next year and the $ game is already started.

 

[PT Car Washer]

Hilarious that you're posting that as if it's a good thing. The Fed is trying to slow growth.

Read the thread title.
SMH

The Fed is trying to slow inflation while the Republicans are trying to derail the economy by shutting down the government. Stick to something you know. If there is such a thing.

 

[Up In Smoke]

The Fed is trying to slow inflation while the Republicans are trying to derail the economy by shutting down the government. Stick to something you know. If there is such a thing.

GDP growth of 4.9% is the best level since Q4 21 and one of the best quarters in the last quarter century. The consumer is still driving the economy.

 

[UnionStrong]

Hilarious that you're posting that as if it's a good thing. The Fed is trying to slow growth.

Read the thread title.
SMH

He’s getting senile.

 

[DriveInDriveOut]

He’s getting senile.

He thinks he's trolling by saying stupid stuff even he himself doesn't believe. The guy doesn't realize how foolish he looks.

He's not smart enough to be embarrassed.

 

[Over70irregs]

GDP growth of 4.9% is the best level since Q4 21 and one of the best quarters in the last quarter century. The consumer is still driving the economy.

That is not a good thing. 10% mortgage rates are back in play next year. People are not paying attention. They want them to trickle spend. Lay off the cards people.

 

[oldngray]

The Truth Behind the Q3 GDP Surge

townhall.com

 

[DOK]

That is not a good thing. 10% mortgage rates are back in play next year. People are not paying attention. They want them to trickle spend. Lay off the cards people.

Yet people are still buying homes whose prices are over inflated, I guess figuring they’ll refi when rates go back down to 3%. Not sure I’d take that chance.

 

[DriveInDriveOut]

Yet people are still buying homes whose prices are over inflated, I guess figuring they’ll refi when rates go back down to 3%. Not sure I’d take that chance.

I don't think we're going to see 3% in the foreseeable future, but rates are going to come down soon because the federal reserve is going to decide to bring them down.

 

[IVE GOTTA PACKAGE 4U]

I don't think we're going to see 3% in the foreseeable future, but rates are going to come down soon because the federal reserve is going to decide to bring them down.

They can substain the interest on the debt

 

[Over70irregs]

I don't think we're going to see 3% in the foreseeable future, but rates are going to come down soon because the federal reserve is going to decide to bring them down.

Never 3% again. Cannot have 20T $ circulation and 33T debt. Not enough $ in world to pay off the debt. We WILL inflate……. Still looking for10% rates. Have to go socialists……. ?