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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #42

    Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.

    “Cry havoc and let slip the DOGE of war!”

    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

    LuFins DadL 1 Reply Last reply
    • CopperC Offline
      CopperC Offline
      Copper
      wrote on last edited by
      #43

      CPI Inflation Rate Hits Scorching 7.5%; Dow Jones Slides On Fed Rate-Hike Views

      The consumer price index came in hotter than expected in January, as both the CPI inflation rate and the core rate, excluding food and energy, hit new 39-year highs. Dow Jones industrial average and Nasdaq losses deepened in Thursday afternoon stock market action as Wall Street priced in additional Fed rate hikes. Meanwhile, the 10-year Treasury yield crested 2% for the first time since August 2019 and kept on rising.

      https://www.investors.com/news/economy/cpi-inflation-rate-hotter-than-expected-in-january-dow-jones-falls-bond-yields-rise/

      1 Reply Last reply
      • JollyJ Jolly

        Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.

        LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #44

        @jolly said in Inflation:

        Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.

        They changed the formula this month, don’t ya know?

        The Brad

        1 Reply Last reply
        • LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #45

          Snowballing. In order to pay sales staff, technicians, and movers enough to maintain their equivalent income while also accounting for higher overhead for store supplies and higher energy costs, I have to raise my margins which will raise the prices further, and that’s before I get my price increases from the manufacturers…

          The Brad

          George KG 1 Reply Last reply
          • LuFins DadL LuFins Dad

            Snowballing. In order to pay sales staff, technicians, and movers enough to maintain their equivalent income while also accounting for higher overhead for store supplies and higher energy costs, I have to raise my margins which will raise the prices further, and that’s before I get my price increases from the manufacturers…

            George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #46

            @lufins-dad and the fact that energy (fuel) prices are rising will only increase prices for everything that's dependent upon transportation.

            Which is...everything.

            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

            1 Reply Last reply
            • 89th8 Offline
              89th8 Offline
              89th
              wrote on last edited by
              #47

              So, what stops the snowball? Higher fed rates?

              CopperC LuFins DadL 2 Replies Last reply
              • 89th8 89th

                So, what stops the snowball? Higher fed rates?

                CopperC Offline
                CopperC Offline
                Copper
                wrote on last edited by
                #48

                @89th said in Inflation:

                So, what stops the snowball? Higher fed rates?

                Federal price controls

                George KG 1 Reply Last reply
                • CopperC Copper

                  @89th said in Inflation:

                  So, what stops the snowball? Higher fed rates?

                  Federal price controls

                  George KG Offline
                  George KG Offline
                  George K
                  wrote on last edited by
                  #49

                  @copper said in Inflation:

                  Federal price controls

                  image.jpeg

                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                  1 Reply Last reply
                  • CopperC Offline
                    CopperC Offline
                    Copper
                    wrote on last edited by
                    #50

                    I remember

                    1 Reply Last reply
                    • JollyJ Offline
                      JollyJ Offline
                      Jolly
                      wrote on last edited by
                      #51

                      Ah, I remember my 13.25% mortgage fondly.

                      Those were the days....

                      “Cry havoc and let slip the DOGE of war!”

                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                      George KG 1 Reply Last reply
                      • JollyJ Jolly

                        Ah, I remember my 13.25% mortgage fondly.

                        Those were the days....

                        George KG Offline
                        George KG Offline
                        George K
                        wrote on last edited by
                        #52

                        @jolly said in Inflation:

                        I remember my 13.25% mortgage fondly.

                        LOL. That was ours as well, in 1980.

                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                        1 Reply Last reply
                        • 89th8 89th

                          So, what stops the snowball? Higher fed rates?

                          LuFins DadL Offline
                          LuFins DadL Offline
                          LuFins Dad
                          wrote on last edited by
                          #53

                          @89th said in Inflation:

                          So, what stops the snowball? Higher fed rates?

                          No, first step is fixing the supply chain. More goods moving will help tremendously. Then we address spending.

                          Though, a rate hike wouldn’t hurt.

                          The Brad

                          George KG 1 Reply Last reply
                          • LuFins DadL LuFins Dad

                            @89th said in Inflation:

                            So, what stops the snowball? Higher fed rates?

                            No, first step is fixing the supply chain. More goods moving will help tremendously. Then we address spending.

                            Though, a rate hike wouldn’t hurt.

                            George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #54

                            @lufins-dad said in Inflation:

                            Then we address spending.

                            alt text

                            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                            1 Reply Last reply
                            • LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote on last edited by
                              #55

                              A more cynical solution would be to go to war…

                              The Brad

                              George KG 1 Reply Last reply
                              • LuFins DadL LuFins Dad

                                A more cynical solution would be to go to war…

                                George KG Offline
                                George KG Offline
                                George K
                                wrote on last edited by
                                #56

                                @lufins-dad said in Inflation:

                                A more cynical solution would be to go to war…

                                Link to video

                                "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                1 Reply Last reply
                                • 89th8 Offline
                                  89th8 Offline
                                  89th
                                  wrote on last edited by
                                  #57

                                  Best investment strategy for cash during a period of inflation? Certainly if the rates go up then savings accounts (and CDs, bonds, etc) all would be more attractive than the current 0.05% rates out there.

                                  JollyJ 1 Reply Last reply
                                  • 89th8 89th

                                    Best investment strategy for cash during a period of inflation? Certainly if the rates go up then savings accounts (and CDs, bonds, etc) all would be more attractive than the current 0.05% rates out there.

                                    JollyJ Offline
                                    JollyJ Offline
                                    Jolly
                                    wrote on last edited by
                                    #58

                                    @89th said in Inflation:

                                    Best investment strategy for cash during a period of inflation? Certainly if the rates go up then savings accounts (and CDs, bonds, etc) all would be more attractive than the current 0.05% rates out there.

                                    Yeah, but what you get, still won't keep up with inflation.

                                    “Cry havoc and let slip the DOGE of war!”

                                    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                    1 Reply Last reply
                                    • George KG Offline
                                      George KG Offline
                                      George K
                                      wrote on last edited by
                                      #59

                                      Screen-Shot-2022-02-05-at-9.22.29-PM.png.jpg

                                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                      taiwan_girlT 1 Reply Last reply
                                      • MikM Away
                                        MikM Away
                                        Mik
                                        wrote on last edited by
                                        #60

                                        alt text

                                        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                        1 Reply Last reply
                                        • George KG George K

                                          Screen-Shot-2022-02-05-at-9.22.29-PM.png.jpg

                                          taiwan_girlT Offline
                                          taiwan_girlT Offline
                                          taiwan_girl
                                          wrote on last edited by
                                          #61

                                          @george-k said in Inflation:

                                          Screen-Shot-2022-02-05-at-9.22.29-PM.png.jpg

                                          I think that the US should get rid of the one dollar bill. I know that they have tried to promote the USD$1 coin, but unless you give more of an incentive, it will not work.

                                          taiwan_girlT 1 Reply Last reply
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