Inflation

[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)

[89th]

[jon-nyc]

@George-K said in Inflation:

@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.

Certainly that’s true of the rather significant jump in the last week

[George K]

@jon-nyc fair enough. A 60¢ rise in the last weeks.

But that's still only ¼ the rise over the last 15 months.

Seems like it was only two weeks ago that she was blaming the Ukraine shit for inflation.

[George K]

Obama's economic advisor, Stephen Rattner:

[jon-nyc]

Ratner’s right, but of course I’d say that because he’s making my point.

But @George-K 15 months is a bit of a cherry pick since gas prices plummeted in Q220 due to covid