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re: Annual inflation rate hit 2.6% in October

Posted on 11/13/24 at 7:48 pm to
Posted by N2cars
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Member since Feb 2008
37928 posts
Posted on 11/13/24 at 7:48 pm to
I was actually conservative in my numbers, but tbh, I was just quoting from memory.

Yes, inflation is ridiculous, but thay was to be expected since the gov threw so much money into the economy via extended, ridiculous unemployment benefits and PPP.

You can do your own research; check car loan defaults rates, credit card delinquency ( Not cc balances- that's stupid), etc.
Posted by Camijoe
Member since May 2024
453 posts
Posted on 11/13/24 at 11:47 pm to
You feel poor because you are poor. You waste a lot of money on services you should be doing yourself. Learn how to do manly work and repairs. Stop worrying about soiling your hands. Man up
Posted by RohanGonzales
Member since Apr 2024
8179 posts
Posted on 11/13/24 at 11:51 pm to
quote:

But also all the boomers will die off in the next 10-15 years so maybe things will even out in terms of the people trying to participate in the labor market


Dumbshit, the youngest boomers are only 60.
Posted by Hondo Blacksheep
Member since Jul 2022
2949 posts
Posted on 11/14/24 at 12:27 am to
It's almost as if -- get this -- they aren't being entirely honest with us
Posted by FireawayLSU
Baton Rouge
Member since Nov 2023
1718 posts
Posted on 11/14/24 at 4:06 am to
quote:

Let's check back in 12 months after Trump raises tariffs.


Bookmarked and I will post it but you’ll never respond so let’s be honest. What’s the point?? Crybaby
Posted by DMAN1968
Member since Apr 2019
12586 posts
Posted on 11/14/24 at 6:51 am to
quote:

Let's check back in 12 months after Trump raises tariffs.

Or the FED foolishly drops interest rates another full point.
Posted by dgnx6
Member since Feb 2006
85779 posts
Posted on 11/14/24 at 6:56 am to
quote:

Let's check back in 12 months after Trump raises tariffs.



He’s going to cause 40% inflation and claim you are a Nazi if you point it out?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93338 posts
Posted on 11/14/24 at 6:57 am to
quote:

Read above, or don't.


Ah yes google AI says it so it must be true
Posted by BottomlandBrew
Member since Aug 2010
29241 posts
Posted on 11/14/24 at 7:37 am to
quote:

Bookmarked and I will post it


Please do post it. I'm a big enough man to admit I'm wrong. I have no ego to defend.

I'm really curious where all of this affordable supply is going to come from when we don't have the resources domestically to produce most of what we consume. My only experience is in my industry, which is glass fabrication and associated metal/hardware/machinery. I have to import because domestic supply is either finite or non-existent for the things I need for my business. It would be a minimum of 3-5 years before any additional domestic supply could come online, and it would be sold at a massively increased price. If the tariffs are as proposed, my industry's only chance is getting exemptions.

My hope is that the tariffs are not as large as Trump campaigned on. He has some smart people around him, and I hope they can bend his ear and convince him that 60% on China and 10-20% on everything else is bad for business. I truly worry about a lot of small businesses surviving such huge increases in prices.

Do we need to encourage investment in American manufacturing? Abso-fricking-lutely. Do we need to encourage it with a sledgehammer? I don't believe so. I foresee too much collateral damage.
Posted by N2cars
Close by
Member since Feb 2008
37928 posts
Posted on 11/14/24 at 7:54 am to
It's just a quick summary of actual facts.

Unemployment for college degreed folks is around 2%.
90%+ are current on their CC bills.
90%+ are current on their auto loans.

Feel free to cite something that disproves that.

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