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FortWayneAsNancyPelosiHaircut saysBitcoin saysFor asset holders, inflation is a gift.....
House prices up
Stocks up (especially my tech stocks)
And CRYPTO! Bitcoin at 68k!
not if it leads to widespread poverty and revolution...
you can say that about everything. What you would need to explain is HOW mild inflation is supposed to lead to widespread poverty.
Otherwise, it doesnt mean much. If I say, its a good thing that we are getting some rain in sunny California.
You can reply and say, Not if it leads to widespread poverty and revolution.
Bitcoin saysHouse prices up
Yep, so now you get higher property taxes (except those under Prop 13) and higher insurance cost for the same house. Also, if you "cash out" in a sale, you will pay higher real estate fees on the sold house and your next house, in addition to the higher cost of the next house.
If you can't safely save money at a good enough rate to outpace inflation you're at the whim of speculation/investing or of your employer and savings account
Patrick saysTrue, my stocks seem to have nicely compensated for inflation, while my cash lost.
Paper stock gains verses real cash purchase power losses?
I didn't make it up. He really said that. And he said it on the day U.S. inflation came in at a 31-year-high.
Now THERE is a sound byte for the ages.
mell saysIf you can't safely save money at a good enough rate to outpace inflation you're at the whim of speculation/investing or of your employer and savings account
Totally, the poor are fucked. Middle class has to invest in stocks, crypto and RE. no other way to stay ahead.
Inflation is not a “gift” for investors
Correct. Inflation is a gift for irresponsible debtors.
Savers can finally get a decent CD or be in the stock market.
Debtors, irresponsible or not.
I see the inflation everywhere, but I have not see decent CD rates.
clambo saysInflation is not a “gift” for investors
Correct. Inflation is a gift for irresponsible debtors.
Wage inflation is a gift for irresponsible debtors.
It’s the average Joe that would be fucked.
>>>>>maybe we have a diff. definition of avg joe. I simplify: people who have' houses and stocks/crypto and have good paying jobs are just fine. The poor are fucked. poor means no stocks and no house. And people who wait for a crash and sit on cash are losing big time.
FuckTheMainstreamMedia says
And your premise earlier that everyone’s underwater is not correct either. 2018 and 2019 financially were some of the best years in a couple decades for the average dude. It’s why wages were record setting. Of course Covid and a likely rigged election messed that up.
>>>>>>when did i say everyone's under water? BTW 2020 was better than 2019.....i bought stocks left and right during the covid crash - a buying opportunity of a lifetime if you bought the lows.
FuckTheMainstreamMedia says
But anyway, yeah inflation now. Air flight are still underpopulated so not a good measure. Otoh US measured inflation is, as is noticeable price i...
Sure other items are up (groceries, gas) but my house, stocks and crypto also massively increased in value.
You just got to learn how to play the game in any market.
After watching long enough, I am very convinced that deflation will never happen. Corrupt gov thinks it’s a gift to print even more money in additon to the regular printing. Imagine now with new “social spending” crap, it will bump up more inflammation. Every nation is devaluing their currency. Only difference is that it’s happening at faster rate now using “pandemic” tool.
Imagine now with new “social spending” crap, it will bump up more inflammation.
all you need to do is gamble and win!
For average Americans with debt, inflation is a gift.
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https://www.whitehouse.gov/briefing-room/blog/2021/04/12/pandemic-prices-assessing-inflation-in-the-months-and-years-ahead/