Inflation

[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.

[George K]

@Mik said in Inflation:

@George-K perfect.

Psaki actually had the (pardon the expression) balls to blame the surge in gas prices on the Ukrainian situation.

[Jolly]

That's a great clown pic.

[George K]

@Jolly said in Inflation:

That's a great clown pic.

I got yer great clown right here:

[Doctor Phibes]

WH Press Secretary has got to be the worst job in the world where you keep your clothes on.

[Aqua Letifer]

@Doctor-Phibes said in Inflation:

WH Press Secretary has got to be the worst job in the world where you keep your clothes on.

You know about the "flak jacket," right?

[George K]

[taiwan_girl]

@taiwan_girl said in Inflation:

@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.

I agree. If the US is going to promote a USD $1 coin, they need to stop printing the USD $1 paper money.

In Europe, I think the smallest bill is about USD $5. In Taiwan, it is about $3 USD.

(One country that keeps really small denomination bills is India. And they keep them for a long long time. The money can be quite tattered and dirty and still in use)