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Time to bump up that 401k
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<blockquote data-quote="Up In Smoke" data-source="post: 5312329" data-attributes="member: 79702"><p>I'm not sure why you think inflation is so much higher than reported. Every time someone or some business makes a purchase, it's recorded by the seller as revenue. Revenues are listed on a company's balance sheet by law and reflected on their P&L statements. Taxes are paid on the profitability of each business. PPI is factored into a company's P&Ls and the cost of their goods and services reflect that. The increase in wages, capital, raw materials and energy have driven company's PPI to inflationary levels. If we get 10% raises, that only increases all our customers PPI and the chain is never broken. What the Fed is doing has worked in the past to curb the consumer's demand for goods and services. Most inflation/recession cycles last less than a year. If the economy is as strong as they say, we'll start coming out in late 22 or mid 23. Free market capitalism, let it do it's job.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5312329, member: 79702"] I'm not sure why you think inflation is so much higher than reported. Every time someone or some business makes a purchase, it's recorded by the seller as revenue. Revenues are listed on a company's balance sheet by law and reflected on their P&L statements. Taxes are paid on the profitability of each business. PPI is factored into a company's P&Ls and the cost of their goods and services reflect that. The increase in wages, capital, raw materials and energy have driven company's PPI to inflationary levels. If we get 10% raises, that only increases all our customers PPI and the chain is never broken. What the Fed is doing has worked in the past to curb the consumer's demand for goods and services. Most inflation/recession cycles last less than a year. If the economy is as strong as they say, we'll start coming out in late 22 or mid 23. Free market capitalism, let it do it's job. [/QUOTE]
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Time to bump up that 401k
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