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Started By
Message
re: Inflation rises 7% over the past year, highest since 1982
Posted on 1/12/22 at 11:08 am to UAinSOUTHAL
Posted on 1/12/22 at 11:08 am to UAinSOUTHAL
quote:
Well if you like 10-14% home and car loans you are in for a treat!
That's frightening for people that will be looking to purchase homes in the next few years.
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Posted on 1/12/22 at 11:12 am to RLDSC FAN
quote:
frightening for people that will be looking to purchase homes in the next few years.
On the up side I would be able to make a shitload of money on CD’s
Posted on 1/12/22 at 11:14 am to Civildawg
We elected Reagan in 1984 and while there wasn’t deflation there was a rapid slowing of inflation.
I’m not sure this train is controllable now given the national debt and deficit spending America is addicted to.
I’m not sure this train is controllable now given the national debt and deficit spending America is addicted to.
Posted on 1/12/22 at 11:44 am to RLDSC FAN
LET'S GO BRANDON!!!
Posted on 1/12/22 at 11:45 am to RLDSC FAN
Now for a response from the Federal Reserve:
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Posted on 1/12/22 at 11:52 am to AllDayEveryDay
quote:
That's frightening for people that will be looking to purchase homes in the next few years.
Not for those paying cash and taking advantage of the much needed correction in housing prices.
Posted on 1/12/22 at 11:57 am to RLDSC FAN
quote:
That's frightening for people that will be looking to purchase homes in the next few years.
Great to hear for millenials. It's not like they haven't faced economic adversity in their adult lives...
Posted on 1/12/22 at 11:59 am to SlowFlowPro
Yeah, all of this on top of student loans. Yikes!
Posted on 1/12/22 at 12:00 pm to SlowFlowPro
yea I could see us doing something to Singapore eventually.
so many zoomers are just completely fricked.
so many zoomers are just completely fricked.
This post was edited on 1/12/22 at 12:01 pm
Posted on 1/12/22 at 12:00 pm to RLDSC FAN
quote:
Yeah, all of this on top of student loans. Yikes!
This is the best thing Biden has done for student loans. You get to pay them back with inflated dollars.
Posted on 1/12/22 at 12:11 pm to rocket31
I don't know if you can run from this. This is going to be felt and repeated everywhere.
Posted on 1/12/22 at 12:13 pm to RLDSC FAN
It is worse than 7%.
And this train has no destination. They won't raise rates to any meaningful level as government is running its gravy train--spending won't stop from government.
Inflation is here to stay. The last leg of a once proud Republic is upon us. Next stop is the wreck.
And this train has no destination. They won't raise rates to any meaningful level as government is running its gravy train--spending won't stop from government.
Inflation is here to stay. The last leg of a once proud Republic is upon us. Next stop is the wreck.
Posted on 1/12/22 at 2:14 pm to Joshjrn
quote:
I think it’s kind of an odd take that mortgages becoming “effectively smaller” would be considered an erosion of wealth
I worded it poorly. Inflation erodes the value of your savings/investments. That's the "erosion of wealth."
But high inflation has the effect of making loans (and mortgages) less of a liability.
Posted on 1/12/22 at 2:22 pm to Grievous Angel
quote:
But high inflation has the effect of making loans (and mortgages) less of a liability.
This assumes your paycheck has increased at the same rate. Don’t know about yours but I haven’t seen a raise in two plus years
Posted on 1/12/22 at 2:30 pm to Ajo Devil
quote:
while true, does not fit the narrative, "everything bad is Biden's fault", all the trump sheep like to parrot on this board.
if there's one thing all Trump supporters disagree with him on, it was his spending.
Posted on 1/12/22 at 2:33 pm to MorbidTheClown
That’s what Trump did.
Posted on 1/12/22 at 2:34 pm to Rza32
yes. and you accepted it
what should have he done instead? he wasn’t pressured by both sides to pass it? congress wouldn’t have past the payments themselves if he didn’t? would Biden not have passed it?
in short: you point is dumb, real dumb.
what should have he done instead? he wasn’t pressured by both sides to pass it? congress wouldn’t have past the payments themselves if he didn’t? would Biden not have passed it?
in short: you point is dumb, real dumb.
This post was edited on 1/12/22 at 2:40 pm
Posted on 1/12/22 at 2:38 pm to RLDSC FAN
I haven't seen a single mean tweet in over a year though.
Posted on 1/12/22 at 2:41 pm to Rza32
quote:
That’s what Trump did.
Trump handed out 1/3 of what Biden did, and only did it while we were actively shut down. Biden just slung money around left and right with no thought behind it. Equating them is something only a fool would do.
Posted on 1/12/22 at 2:42 pm to imjustafatkid
quote:
Everyone who voted Democrat voted for this.
Why? Trump pressured the fed to drop the fed rate 3 times in late 2019, to prop up his stagnating economy. By March 2020 rates were dropped to 0%, and then he started giving away trillions. He sent us down this unavoidable path to inflation. Biden sure af hasn't done anything to correct it, but he's not why we got there.
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