Investors....come in please!
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Neither one. I don't like losing money.
I'd rather buy something like J&J, a big bank, a railroad, a utility, Berkshire, VTI, etc.
I've been investing for more than 40 years. I prefer to grind out my gains rather than here today and gone tomorrow. Been there done that.
I'd rather buy something like J&J, a big bank, a railroad, a utility, Berkshire, VTI, etc.
I've been investing for more than 40 years. I prefer to grind out my gains rather than here today and gone tomorrow. Been there done that.
Believe what you want or don't want to. But unofficial numbers are even worse than government numbers. Yeah, they might not be 100% accurate, but they never claimed they were.Sooner the rates increases the better.
Never believe any official numbers such as inflation or unemployment figures.
I know Wolf will post a link to Gov website showing official numbers.
Most people know that inflation is much higher than the official 7% rate. They see it in food price, fuel prices and everything else. The government decided to not count these sectors as part of computing inflation.
This is a fine mess you got us into this time Ollie.
Neither but if i had to, Tesla.
They can deliver high volume of cars, profitably, and have the supercharger network. Lucid, currently, is just a very high cost "old man car" looking thing that i can't see very many people wanting. Rivian at least has a cool truck at a more buyable price to go along with its low volume and crazy valuation.
You're wrong about how it's calculated. It covers about 80k items include food and fuel but things are weighed and it's an average and basically covers about 95% of the population which lives in urban areas. You guys out in the sticks out are out of luck.
But while it's easy to notice that some things are 20% or higher, that 7% is the overall inflation rate. Certain other things like your cell phone bill, cable bill, medical insurance, housing, etc have not gone up 20%+
Based on what? Personal experience? That varies from area to area. Did everything go up 15-20% or just the stuff you noticed? 7% is the average, not the high or just whatever you noticed.
Wolf,
2.5X the government’s fake number.
Remember the tire pressure gauge being off by 10 PSI ?
If you measure the pressure of 500 tires….. all your data is wrong.
You are an engineer and know you need very accurate measurements or else it’s useless crap……
.
2.5X the government’s fake number.
Remember the tire pressure gauge being off by 10 PSI ?
If you measure the pressure of 500 tires….. all your data is wrong.
You are an engineer and know you need very accurate measurements or else it’s useless crap……
.
You said it in the end. It's useless crap. Where did the 2.5x number come from? You didn't answer my other questions.Wolf,
2.5X the government’s fake number.
Remember the tire pressure gauge being off by 10 PSI ?
If you measure the pressure of 500 tires….. all your data is wrong.
You are an engineer and know you need very accurate measurements or else it’s useless crap……
.
Something is better than nothing. You prefer nothing.
Accuracy is important, but you also have a range of error. Usually things can be off by a certain percentage, but not by several orders of magnitude.
The Boy Who Cried Wolf
Right but you're claiming it's off by 250% with nothing to back up your assertion. Remember, it's an average, doesn't apply specifically to one person. Your mileage may vary and all that. Amazing that people here can't figure that out. I never get the EPA mileage numbers just because of the way I drive and the area I'm in. But it's still a useful number when comparing it to other cars.
There is no one person in charge. The inflation is due to the global thing and its ramifications.
And as long as it continues, we will continue to have the same related problems.
Anyone who does not understand this is ...
This inflation was caused by the sudden and massive influx of money with more to come. Add to that the Fed signaling that they will have raise rates and they will have to raise them multiple times in 2022 alone plus their intent to unwind positions they have bought using money printed for that purpose.
In layman’s terms, the Fed got caught with their pants down. Inflation has taken off and they are way behind the eight ball.
Unfortunately one way to stop inflation is to raise rates. The Fed cannot be timid though. We may have to swallow the bitter medicine like back in the Paul Volcker days.
And why was there an influx of money? Just for fun? People could not go to work.
The reason for inflation is the supply and demand imbalance. Have you seen store shelves lately? What are your choices on a new car right now?
Unemployment is low but there are many unfilled jobs. What caused that?
Have you heard about the trucker shortages? Containers that cannot be emptied? Tankers off shore?
WSJ
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Based on my observation, food price probably went up a lot by about 10-20% depends on what you buy. Other items +/- 5 to 10% based on what I have seen around here. HOWEVER, we are in an area of high cost so if home price went up 20% in the last 2 years then you bet everything else will increase.
I think we can say that our cost of living really depends on the location. Inflation is definitely not only 6-9% last year but about 10-15% overall. Wonder why we have labor shortage at the lowend? They are fed up with their jobs and finally started looking, learn a new skill and find higher paying jobs, etc.
Stock wise I wouldn't touch Tesla and Lucid, nor GM / Ford / Chrysler / Toyota / Honda etc. The margin is low and risk is high, not worth the return. I would buy high growth potential enterprise or consumer software / service companies' stock (Microsoft, etc) even if the PE is high, as long as their revenue and profit is easy to understand and hard to cook the book. Your pick might be different but that's the general rule I follow myself.
I think we can say that our cost of living really depends on the location. Inflation is definitely not only 6-9% last year but about 10-15% overall. Wonder why we have labor shortage at the lowend? They are fed up with their jobs and finally started looking, learn a new skill and find higher paying jobs, etc.
Stock wise I wouldn't touch Tesla and Lucid, nor GM / Ford / Chrysler / Toyota / Honda etc. The margin is low and risk is high, not worth the return. I would buy high growth potential enterprise or consumer software / service companies' stock (Microsoft, etc) even if the PE is high, as long as their revenue and profit is easy to understand and hard to cook the book. Your pick might be different but that's the general rule I follow myself.
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