In increments, not all at once. Now we will pay the price.
Is Inflation Going To Cripple The Economy ?
- Thread starter Warstud
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EXCELLENT post and thinking.
Don’t forget about all the zombie companies doing poorly and the stock buybacks from some very powerful companies driving their stock price higher and higher.
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In Canada we had the “ 6 and 5”. Companies were limited to a wage increase of 6 % that year and 5 % the next. The Fed interest hike to 21% slammed everything shut and that took care of the issue.
The problem is that Politics has a hell of a lot to do with it....Just look at the inflation rate over the past year... IMO
problem is when they get a raise everthing goes up...so how do you come out ahead??? you dont
the problem is the ship is taking on water right now and might sink
The cost of many things I have noticed up 20 %. Our wages at my company was just increased 3 to 5 dollars a person. This did help keeping some people that were browsing other options. I think this year will be the biggest inflation jump we have ever seen
YUP...........I hope that people remember this...
Elon Musk is a bright spot. There are others too.
The steam engine/railroad, telegraph/telephone, light bulb, phonograph/cameras/movies, airplane, rocket, nuclear, computer, internet were all industrial related booms that fueled amazing growth.
It's possible we will see another such cycle, I just don't know what it could possibly be. If we do, all bets are off.
The steam engine/railroad, telegraph/telephone, light bulb, phonograph/cameras/movies, airplane, rocket, nuclear, computer, internet were all industrial related booms that fueled amazing growth.
It's possible we will see another such cycle, I just don't know what it could possibly be. If we do, all bets are off.
Personally I feel any supply chain bottle neck is going to hurt the economy. While it is a complicated topic, one thing that never changes (just my observation) is the concept of supply and demand.
Spend wisely. Stock up on what you need BUT DONT HOARD. Sit tight and hold on. As long as we keep politicians in office that have our livelihood in their best interests we should be ok. Eventually.
I’m not a political zealot but the current administration doesn’t seem to be focused on anything but spending and raising taxes.
Spend wisely. Stock up on what you need BUT DONT HOARD. Sit tight and hold on. As long as we keep politicians in office that have our livelihood in their best interests we should be ok. Eventually.
I’m not a political zealot but the current administration doesn’t seem to be focused on anything but spending and raising taxes.
It can be when actions they take to fix things end up exacerbating the problem but again, this talk is for another forum.
The big question is, what will you do and others do to adapt to a inflationary economy? Millions across the country are thinking about this right now. How can the family save on their budget. This is also a great moment to talk to your kids. Kids are resilient. They don’t need to be coddled throughout life. Explain to them how times might get worse. You might be surprised at how they respond.
Tough times and adversity can build character.
but do not hoard???? Like some do with Oil and Oil Filters??????????????????//
I guess it’s in our nature to do so….but when I see a good deal on my favorite filters and oil I DO stock up!
By the way, the toilet paper hoarding was a perfect example. There are so many things you could substitute for wiping your butt, I had a hard time understanding that.
Remember when diapers were washed and reused? Hell I’d just **** my pants and wash them later if I had to. Just stay away from using poison ivy leaves
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JHZR2
Staff member
Sure, disrupters can start new trends and cycles and profits. But not everyone makes out. With each of those cycles, someone was left holding the bag on something else. How those in decline will make do when the costs of everything increase is a challenge. People stop buying stuff when it gets too expensive, or the costs of other things erode buying power.
The $1600 cost share that my HDHP is going to cost us this year is going to erode what I spend on other things, for example. Will that be food in restaurants? US made tools? A new computer? TBD.
The stock market is at a record high due to stellar corporate earnings. If you’re not pushing for more pay (or a better paying job) now to keep up with inflation, you’re being laughed at by senior management behind your back. No better time (for many companies, not all).
Think of how many companies used to have (say) 100 employees before COVID, now they have 90 after. Most all customers have come back, they can charge more for their products and services, and employees are working harder than ever, but haven’t demanded big pay raises. They are cashing in on the chaos.
Finally hints of American workers having the upper hand - better take advantage of it.
I used to play nice worker-bee, then went through a sham union-contract-busting bankruptcy that cut everything. Never again. Now I use every minute of my sick time, every day of vacation, every cent of 401k match, etc. I suggest being highly selfish in regard to your employers - almost none of them actually care about you. You’re a part number.
Think of how many companies used to have (say) 100 employees before COVID, now they have 90 after. Most all customers have come back, they can charge more for their products and services, and employees are working harder than ever, but haven’t demanded big pay raises. They are cashing in on the chaos.
Finally hints of American workers having the upper hand - better take advantage of it.
I used to play nice worker-bee, then went through a sham union-contract-busting bankruptcy that cut everything. Never again. Now I use every minute of my sick time, every day of vacation, every cent of 401k match, etc. I suggest being highly selfish in regard to your employers - almost none of them actually care about you. You’re a part number.
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