Inflation
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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
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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.
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Just a SWAG, but I suspect even those numbers a smidgen. I would guess closer to 10%, rather than 7.5%.
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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…
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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…
@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.
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So, what stops the snowball? Higher fed rates?
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Ah, I remember my 13.25% mortgage fondly.
Those were the days....
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A more cynical solution would be to go to war…
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A more cynical solution would be to go to war…
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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.
