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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.
Fucked upMy mechanic says parts quality is in the trash! Had a chunk fall out of the casing of the two year old starter on my '96 Roadmaster less than a year ago. Last week, the same thing happened. Fixed under warranty, but had to pay for r&r. I'm getting tired of it. My friend who's in the electronics business says their quality is terrible, too.
those that hold cash and see investing as gambling lose big time during inflation.During the boom of the mid-60's, the stock market kept flirting with 1,000 in 1966, but never got above about 940. There was a date in 1966 that it would take the stock market until 1983 to reach again due to the Great Inflation of the 70's. Securities lost 40% of their value during that time.
Hoopties
I told my wife with inflation, it would likely be a lot cheaper to buy now than later.
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https://www.whitehouse.gov/briefing-room/blog/2021/04/12/pandemic-prices-assessing-inflation-in-the-months-and-years-ahead/