Inflation

[LuFins Dad]

@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?

[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 K]

@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.

[89th]

So, what stops the snowball? Higher fed rates?

[Copper]

@89th said in Inflation:

So, what stops the snowball? Higher fed rates?

Federal price controls

[George K]

@copper said in Inflation:

Federal price controls

[Copper]

I remember

[Jolly]

Ah, I remember my 13.25% mortgage fondly.

Those were the days....

[George K]

@jolly said in Inflation:

I remember my 13.25% mortgage fondly.

LOL. That was ours as well, in 1980.

[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 K]

@lufins-dad said in Inflation:

Then we address spending.

[LuFins Dad]

A more cynical solution would be to go to war…

[George K]

@lufins-dad said in Inflation:

A more cynical solution would be to go to war…

Link to video

[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.

[Jolly]

@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.

[George K]

[Mik]

[taiwan_girl]

@george-k said in Inflation:

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.

[George K]

[Mik]

@George-K perfect.