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Started By
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re: Runaway hyperinflation now at 3% YoY
Posted on 7/12/23 at 12:32 pm to Paul Allen
Posted on 7/12/23 at 12:32 pm to Paul Allen
quote:
I'd hate to be a young person just starting out
This group will feel extreme pain by years end especially if they have student loans with those rates avging about 8%. Our oldest recently graduated college and is staying with us just to try and save enough from her job to be able to rent her own place, car insurance etc...Not a great time to be living on your own making around 20 or less an hour.
2
Posted on 7/12/23 at 12:34 pm to SuperSaint
Does hoping to get a starter home similar to what your parents had make one soft and spoiled? Serious question.
This post was edited on 7/12/23 at 12:44 pm
Posted on 7/12/23 at 12:43 pm to FLObserver
quote:
Our oldest recently graduated college and is staying with us just to try and save enough from her job to be able to rent her own place, car insurance etc...Not a great time to be living on your own making around 20 or less an hour.
My parents stayed at home, worked full time, and took night classes at college.
This notion that things are uniquely difficult and that unusual sacrifices must all of a sudden be made is poop.
We are all born naked. It takes hard work and sacrifice to make it on our own.
Posted on 7/12/23 at 12:45 pm to SloaneRanger
quote:
starter home similar to what your parents had make one soft and spoiled? Serious question.
1200-1400 square feet?
Posted on 7/12/23 at 1:08 pm to FLObserver
quote:can you elaborate on your prediction here a bit regarding Q4
This group will feel extreme pain by years end
Posted on 7/12/23 at 3:38 pm to notiger1997
quote:
Some of these folks are so desperate for continued doom and gloom that they can’t help themselves.
People deliberately describe the economic situation as bleak to conform to a political narrative. It seems to me that most people I know are doing better financially then they were before covid
Posted on 7/12/23 at 4:40 pm to slackster
This was a really good report. Energy's big drop is a boon, food is falling but still needs to come down more. Housing has a long way to go and is only slowly starting to move downward (CPI-wise, new housing prices have dropped quite a bit this year).
The problem we're still dealing with is how much inflation has outpaced wages over the last three years. Wage growth is now outpacing inflation growth, but there's still a lot of room to make up before we get to anything resembling FY2019 prices v. wages (actual, not growth).
The problem we're still dealing with is how much inflation has outpaced wages over the last three years. Wage growth is now outpacing inflation growth, but there's still a lot of room to make up before we get to anything resembling FY2019 prices v. wages (actual, not growth).
Posted on 7/12/23 at 5:29 pm to FLObserver
quote:
Looking more and more like a soft landing. Especially with the futures on the stock market right now.
I'm amazed at the confidence people give our gov't. The same clowns that created this disaster are somehow gonna get us out of it without pain?
Posted on 7/12/23 at 5:40 pm to Aubie Spr96
quote:What specifically is the disaster you're referring to?
created this disaster
Posted on 7/12/23 at 8:16 pm to slackster
So everything still up from January 2019? Great!
Energy is down from an all time high still means it is up.
Groceries which everyone pays but really hits the middle class is still up big. I do all the grocery shopping in my household so I see it first hand.
Q4 this year is what to look out for especially with Christmas time potentially being down big for consumer spending.
Energy is down from an all time high still means it is up.
Groceries which everyone pays but really hits the middle class is still up big. I do all the grocery shopping in my household so I see it first hand.
Q4 this year is what to look out for especially with Christmas time potentially being down big for consumer spending.
Posted on 7/12/23 at 8:26 pm to LSUSUPERSTAR
quote:
Q4 this year is what to look out for especially with Christmas time potentially being down big for consumer spending.
Been hearing this for a while. What should we look out for? It seems disaster is always 6 months away..
Posted on 7/12/23 at 9:39 pm to LSUSUPERSTAR
quote:
So everything still up from January 2019? Great!
Are you under the impression that we will ever live in a time in which the price of goods remains flat over a 3.5 year period?
Posted on 7/13/23 at 7:42 am to slackster
quote:
JUST IN - In June, U.S. producer prices and core PPI, excluding food and energy, rose by 0.1%, falling short of the predicted 0.2% increase. The lower-than-expected rise in US producer prices may signal diminished inflationary pressure in June. @disclosetv
Happy days are here again, right?
Posted on 7/13/23 at 7:43 am to Bard
PPI is in and it's lower than expectations. The market should have another solid day today over this as this and CPI should push the Fed toward another pause.
Some are still expecting another .25 before the year ends, but considering we're only now starting to get into the impacts of the large, continual hikes from last year I wouldn't bet on a hike at the end of the month. Depending on what happens over the next 2-3 months, we may see the pause continue for the rest of the year.
Some are still expecting another .25 before the year ends, but considering we're only now starting to get into the impacts of the large, continual hikes from last year I wouldn't bet on a hike at the end of the month. Depending on what happens over the next 2-3 months, we may see the pause continue for the rest of the year.
Posted on 7/13/23 at 8:12 am to Bard
Anecdotally, we have not had a price increase in a year in my industry (glass), whereas we went up almost 80% the year before. Aluminum seems to be holding pretty steady for me as well. It's actually a little cheaper than it was a year ago.
Posted on 7/13/23 at 8:56 am to slackster
Literally Zimbabzuela
Posted on 7/13/23 at 9:47 am to Riverside
quote:
Happy days are here again, right?
Unprecedented spending on top of long term zero interest rates spell a lost decade of growth imo. Stagflation in play?
Btw, can the fed or anyone in this administration be trusted? Im not convinced the banking system is as sound as reported. Longer term, hyperinflation may be in the cards.
Posted on 7/13/23 at 10:06 am to LSURussian
quote:
What specifically is the disaster you're referring to?
Posted on 7/13/23 at 10:10 am to LSURussian
quote:
What specifically is the disaster you're referring to?
Posted on 7/13/23 at 10:40 am to TUman
quote:
hyperinflation may be in the cards.
Do you even know what this word means?
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