Hey I said that!! Post #9.
MAJOR omission for most ALL people big and small. Even the marginally homeless folks trying to get on their feet are impacted - cost of getting to work, rent, business owner expenses, etc...
Inflation of common items since 2021
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MAJOR omission for most ALL people big and small. Even the marginally homeless folks trying to get on their feet are impacted - cost of getting to work, rent, business owner expenses, etc...
The BLS tracks homeowners insurance, auto insurance, and health insurance. You can find whatever you want at the BLS website - https://www.bls.gov/cpi/data.htm
Here is auto insurance. My math puts it up 52% since January of 2021.
HOLY CREP!!! That makes insurance an even larger omission than I thought!!!!
I lot of people installed those bidet toilet attachments. If you haven't, get one. It's life changing!
Yep, people are traveling for leisure and paying for business/first, those cabins are filling up with people willing to pay a premium. I was at the airport yesterday, the Centurion was at capacity, as was the airline's lounge. Not only are more people traveling than ever, they're willing to pay for all the "luxury" add-ons.
You’re doing well right now but what happens if you and your wife lose your jobs and money gets tight ?
People don’t expect to lose their job and face major financial stress.
Kids asking why the refrigerator is empty…
Kids asking why a tow truck taking away mom’s mini van….
No job is safe. I know a manager with 33 years at a hospital and he was let go due to budget cuts.
They were a top performer every year, all star employee.
Daily Job Cuts .com
https://www.dailyjobcuts.com/
If you read a WARN report it will list the various jobs from A - Z that were cut.
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BTW, I’m not attacking you just be aware that a cascading economic effect can occur unexpectedly…. in any career field or industry.
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Seriously dishdude…
Do you live in a gated community ?
Yes or no…
Do you live in a high income neighborhood that is not gated but located in a very high end area separated from the other lesser areas of town ?
I just about bet you live in either of those circumstances…
And let me tell you something….,
A whole, whole lot of the rest of regular people out there are no where you are in this country…
You likely have enough base family high income to not notice or care about those things. .
I can say this because I live in the nice area of where I live.. And I blanking guarantee that many people near me are like where you live… And that it’s far different for many other people in those different areas a couple of miles away.
I live in an area where I know it’s a fish bowl… And it’s rough for many other people in the city of Williamsburg and other areas of James City county.
Do you live in a gated community ?
Yes or no…
Do you live in a high income neighborhood that is not gated but located in a very high end area separated from the other lesser areas of town ?
I just about bet you live in either of those circumstances…
And let me tell you something….,
A whole, whole lot of the rest of regular people out there are no where you are in this country…
You likely have enough base family high income to not notice or care about those things. .
I can say this because I live in the nice area of where I live.. And I blanking guarantee that many people near me are like where you live… And that it’s far different for many other people in those different areas a couple of miles away.
I live in an area where I know it’s a fish bowl… And it’s rough for many other people in the city of Williamsburg and other areas of James City county.
2008 happened because the House and Senate run by the party opposite from the current president at that time in the very late 1990s and a certain President did away with the Glass Stegal Act….
Which eliminated the wall between Investment banking and commercial regular banking…
There were huge reasons why the Glass Stegal act was passed…. People over 65 years later choose to forget those lessons…
Then add to the fun … Fannie and Freddie got stupid too…
And like you state in that other post… The Fed keeping interest rates very low was a HUGE part of that implosion as well.
A very, very good post here ^^^^^^.
Though low interest rates were and have been a problem for well over 20 years… Nothing new there.
Clinton did a fair amount of deregulation damage signing the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act, a cornerstone of Depression-era regulation. He also signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods.
We're all in trouble!
Excellent post … glad I’m not the only one.
I was just reading an article in a respected publication, sort of, no less …
And the pop tart person writing the article was advocating why parents should not cosign mortgages except in a couple situations and one of those was where the children would refinance into a more affordable mortgage and be able to leave the parents at that point off the mortgage, get this, once interest rates drop!
I’m thinking to myself am I living in an alternate universe here?
Interest rates are normal now who the heck can post a story and predict a drop in interest rates back down to where they were? What the heck?
Hasn't that always been true? Every decade of the last century plus. The ride is fun--until the merry-go-around stops. Then it's all over.
There was a "new economics" theory at the time, which stated that increasing the money supply would not automatically lead to increased inflation.
Predictably enough, politicians were quick to buy into it.
I wish Thomas Sowell's Basic Economics were mandatory reading for all who seek public office.
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Not sure who that is, quick google shows a bunch of people
What about Adam Smith, Murray Rothbard? I presume we're not Keysenians fans here.
Not that it matters to me, anything more complicated than balancing my checkbook is over my head.
Sorry, "Autocorrect" got me again - check out Thomas Sowell.Not sure who that is, quick google shows a bunch of people
What about Adam Smith, Murray Rothbard? I presume we're not Keysenians fans here.
Not that it matters to me, anything more complicated than balancing my checkbook is over my head.
I've corrected it in the original post.
Ah him, yes he's good. He has some stuff on youtube now too, can be interesting to listen to.
Here is a question though:
is the economy ever good? 99.99% of the time it's reported as being terrible (it seems). Non-stop doom and gloom. It sells. We were supposed to have a recession, the dollar was supposed to collapse, and gold was going to skyrocket. Since 2010 economists have been wrong about all of this. I'm not saying it's good or bad. I'll say it simply depends on what you do and where you live.
And if we had a R president, I GUARANTEE the same people talking down about the economy would be bragging about it. I 100% guarantee that would be the case.
Reality as I see it, we are still better off than most of the world, including advanced economies. But yes, we have problems....who doesn't?
And right now we're caught between a rock and hard place with this next election cycle.....
is the economy ever good? 99.99% of the time it's reported as being terrible (it seems). Non-stop doom and gloom. It sells. We were supposed to have a recession, the dollar was supposed to collapse, and gold was going to skyrocket. Since 2010 economists have been wrong about all of this. I'm not saying it's good or bad. I'll say it simply depends on what you do and where you live.
And if we had a R president, I GUARANTEE the same people talking down about the economy would be bragging about it. I 100% guarantee that would be the case.
Reality as I see it, we are still better off than most of the world, including advanced economies. But yes, we have problems....who doesn't?
And right now we're caught between a rock and hard place with this next election cycle.....
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One of the many advantages to owning a business - not that there aren't several risks too. Again, most of my friends do not own their own business and no one is getting laid off here. No one is canceling appointments because they lost their job. No one is transferring because we are not in-network with their insurance. Restaurants are full. The airport is full. People are going on vacation. I have no doubt there are areas feeling some strain right now, but it's not here.
Reality and “the news” are very different.
