|
|
01-27-2023, 10:55 PM
|
#1061
|
Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,054
|
The market doesn't believe the Fed that is why it is going up. If they do a .25 they are saying we want growth over killing inflation and the market will be right. However I have seen the market be wrong in the past so time will tell.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
01-28-2023, 12:29 AM
|
#1062
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,809
|
Quote:
Originally Posted by ShokWaveRider
Ah, but how much is the hot dog and drink?
|
Yeah, ya got me there. I guess I'll just hang out at Costco and eat 3 meals a day. I can live on $4.50 (plus tax) per day.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
|
|
|
01-28-2023, 04:24 AM
|
#1063
|
Thinks s/he gets paid by the post
Join Date: Jan 2013
Location: SoCal, Lausanne
Posts: 4,408
|
Went to Shake Shack in Boca Raton Florida yesterday and ordered two Double Shacks, fries, and lemonades. It tasted so good that we forgot that we just paid $38.60 for a burger, fries, and drinks for two. Gas prices jumped from $3.18 10 days ago to $3.49 yesterday in Palm Beach County. On a positive side to inflation, our condo sold at 6.8 times what we bought it for in 2011 during the last real estate crash in Florida. This will be an all-cash private sale where the buyer is paying all close costs. So much for a slowing housing market. After paying long term capital gains, the proceeds will be invested in high grade corporate bonds earning income at over 5% versus paying monthly fees, utilities, annual property taxes and insurance on a property we were rarely using. Florida Real Estate outperformed most investments over the past 12 years and staged a remarkable turn-around from the doom and gloom of 2011.
|
|
|
01-28-2023, 04:46 AM
|
#1064
|
Recycles dryer sheets
Join Date: Sep 2008
Posts: 401
|
The price increase are coming from all over but been able to down play some of them by canceling services or going w/ a different provider. I also stop stocking up on sale items because it seem a good idea at that point.
We started to just buy what we need and it seems to work out fine at this moment.
|
|
|
01-28-2023, 01:33 PM
|
#1065
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,809
|
Quote:
Originally Posted by HF63
The price increase are coming from all over but been able to down play some of them by canceling services or going w/ a different provider. I also stop stocking up on sale items because it seem a good idea at that point.
We started to just buy what we need and it seems to work out fine at this moment.
|
The way I learned navigation of high inflation was to buy and store. Prices will go up if you wait. Generally, this has served me well, but YMMV.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
|
|
|
01-28-2023, 01:38 PM
|
#1066
|
Recycles dryer sheets
Join Date: Sep 2008
Posts: 401
|
The way I learned navigation of high inflation was to buy and store. Prices will go up if you wait. Generally, this has served me well, but YMMV.
Does one way, I hope to achieved greater savings when I moved later on.
|
|
|
01-28-2023, 05:39 PM
|
#1067
|
Administrator
Join Date: Apr 2006
Posts: 22,973
|
If you have a chance, read Paul Krugman's latest in the New York Times, where he talks about inflation and its measurement. A taste:
Quote:
When it comes to economic assessment, feelings are no substitute for hard data. A plurality of Americans say that we’re in a recession; the actual numbers on jobs and gross domestic product show an economy that remains quite strong.
|
https://www.nytimes.com/2023/01/27/o...sing-data.html
__________________
Living an analog life in the Digital Age.
|
|
|
Latest Inflation Numbers and Discussion
01-29-2023, 09:29 AM
|
#1068
|
Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,927
|
Latest Inflation Numbers and Discussion
Thanks for the article. I always read Paul Krugman’s articles and can’t help but agree with this one, which shows how the data that researchers rely on to assess and project inflation are skewed, limited and selective. But I also only trust Krugman only up to a point. He’s been wrong about transformational technologies like the internet, he missed the Great Recession, he missed the current inflation spike, and he never talks about monetary inflation as a fundamental component of price inflation. To him, it’s as if the overworked money printers of central banks around the world in 2020, which created from thin air for example some 40% of all US dollars in circulation, never existed and never happened. He doesn’t like inflation but doesn’t seem to DISLIKE monetary inflation’s role in it. I think he’s wrong about that.
|
|
|
01-29-2023, 09:53 AM
|
#1069
|
Thinks s/he gets paid by the post
Join Date: May 2019
Posts: 2,727
|
Right, he was wrong about inflation. I think he even admitted that a while back.
|
|
|
01-29-2023, 11:09 AM
|
#1070
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,546
|
He has been very wrong about many things. Unfortunately some of these personalities become slave to politics and economic views espoused thus need heavy filtering.
|
|
|
01-29-2023, 11:17 AM
|
#1071
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,546
|
And just to put a finer point on it, there is amble evidence that the economy has slowed markedly. Just look at q4 GDP sans the inventory build and government spending: under 1%.
And the record growth in credit card debt suggests people are struggling to make ends meet.
|
|
|
01-29-2023, 11:54 AM
|
#1072
|
Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,927
|
|
|
|
01-29-2023, 12:59 PM
|
#1073
|
Full time employment: Posting here.
Join Date: Dec 2014
Posts: 669
|
There was an article in the local paper about timber prices coming back down to pre covid levels. But it seems people are not yet aware since they still don't sell much volume.
I'm thinking people are too busy paying for everything else to be interested in timber.
|
|
|
01-29-2023, 01:04 PM
|
#1074
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,422
|
Lower inflation rate than last year doesn't necessarily mean prices of all goods are falling.
Some goods may see falling prices or lower price increases on a percentage basis than last year.
Restaurants raised menu prices a lot. They may not drop them any time soon as long as they still get good business.
Or maybe they push more lunch specials as job growth declines or there are more and more layoffs.
|
|
|
01-29-2023, 01:08 PM
|
#1075
|
Thinks s/he gets paid by the post
Join Date: May 2019
Posts: 2,727
|
Quote:
Originally Posted by explanade
Lower inflation rate than last year doesn't necessarily mean prices of all goods are falling.
Some goods may see falling prices or lower price increases on a percentage basis than last year.
Restaurants raised menu prices a lot. They may not drop them any time soon as long as they still get good business.
Or maybe they push more lunch specials as job growth declines or there are more and more layoffs.
|
When inflation is above zero, even if it's lower than what it was, it doesn't mean prices are dropping, just the opposite. I've mentioned this various times here, including in this thread. Positive inflation means that prices are going up on average. There are always some exceptions, of course, like gas prices that fluctuate a lot. You would need some sustained deflation to see prices fall on average.
https://www.early-retirement.org/for...ml#post2888166
|
|
|
01-29-2023, 01:54 PM
|
#1076
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,173
|
Maybe it’s my imagination but the eggs in the 24 pack of extra large eggs at Costco seems to have gone on a diet. The eggs are smaller.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
|
|
|
01-29-2023, 02:03 PM
|
#1077
|
Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,983
|
Quote:
Originally Posted by Christine
There was an article in the local paper about timber prices coming back down to pre covid levels. But it seems people are not yet aware since they still don't sell much volume.
I'm thinking people are too busy paying for everything else to be interested in timber.
|
But now they're up about 35%+ from the recent lows. 360 to 492 per thousand on Bloomberg. Fairly quick rise in timber prices. I could go into tariffs and other factors but will defer.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
|
|
|
01-29-2023, 02:49 PM
|
#1078
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,546
|
Quote:
Originally Posted by foxfirev5
But now they're up about 35%+ from the recent lows. 360 to 492 per thousand on Bloomberg. Fairly quick rise in timber prices. I could go into tariffs and other factors but will defer.
|
These prices may be oscillating a bit. Down massively since peak, but sensitive to home construction activity (which is mostly down sharply) and changes in market perception.
I don't see much chance of a sustained rebound.
|
|
|
01-29-2023, 03:02 PM
|
#1079
|
Thinks s/he gets paid by the post
Join Date: May 2019
Posts: 2,727
|
I know lumber prices were up about 400% at one point from pre-pedamic levels. The last I heard, they had never dropped near those prices and were headed back up. That's not something on my everyday shopping list.
|
|
|
01-29-2023, 03:11 PM
|
#1080
|
Thinks s/he gets paid by the post
Join Date: Mar 2011
Location: North TX
Posts: 1,800
|
Quote:
Originally Posted by Chuckanut
Maybe it’s my imagination but the eggs in the 24 pack of extra large eggs at Costco seems to have gone on a diet. The eggs are smaller.
|
Eggland's best eggs are definitely smaller. Maybe why they have less of the bad stuff in there?
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|