ShokWaveRider
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I already have some
, it has a house on it that we live in. Fun Fact, most of Florida is/was one big swamp.
Inflation
- Thread starter viking111
- Start date
I already have some
, it has a house on it that we live in. Fun Fact, most of Florida is/was one big swamp.jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Yeah, i was listening to a podcast that was making this point but I just wasn’t clear on exactly what rate needs to be higher than inflation. I think they may mean the Fed Funds rate needs to go up to push some other rate (T2, T10?) to exceed inflation.
Amethyst
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Two years ago, the pool filter element cost $150 to replace.
Today, I was quoted $200 to replace it.
That is a 33% increase in 2 years. (yes, I know some of you replace your own for less).
Today, I was quoted $200 to replace it.
That is a 33% increase in 2 years. (yes, I know some of you replace your own for less).
John Galt III
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Store brand ice cream went from $1.99 to $2.29 for 1.5 qt box. 15 % increase. Iceberg lettuce was 99 cents to $1.49 forever. Now it is $2.99 . Has been for 3 months now. Not cool.
Luckily I still find great deals on certain items sometimes and of course I stock up then.
Luckily I still find great deals on certain items sometimes and of course I stock up then.
Another Reader
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Talenti ice cream on Just 4 You special at Safeway here is $3.49. Regular price is $5.99. I can't eat it, but I still watch the price... Looking at the cereals on Amazon, you can now buy chocolate peanut butter Cheerios. Oh, to be six again...
My homeowner's bill showed up yesterday, and it's another steep jump. Going off memory, I think it's 27% over 2 years.
I accidentally bought some Cheerios once with peanut butter in them - didn't like them, but I went ahead and choked them down. Actually had the same thing happen with ice cream once - had a ribbon of peanut of butter that I overlooked in the fine print. Yuk.
I accidentally bought some Cheerios once with peanut butter in them - didn't like them, but I went ahead and choked them down. Actually had the same thing happen with ice cream once - had a ribbon of peanut of butter that I overlooked in the fine print. Yuk.
corn18
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The 10 year break even inflation rate went over 3% for the first time since it has been tracked (2004).
tmm99
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I think some stores/companies are taking advantage of the situation in the name of inflation. Just my opinion...
W2R
Moderator Emeritus
I remember reading in one of my books on investing, that stocks could provide some cushion against the ravages of rapid inflation. I guess the idea was that stocks would go up during inflationary times.
That said, today the Dow went DOWN almost 1000 points! No fair.
I will continue to hang on and not sell, since:
(1) I am no expert investor, and
(2) I don't want to lock in my losses, and
(3) Market timing always backfires on me.
My investments are quite conservative, and I have "age 70 SS" plus a mini-pension, so I am not concerned for my own well being. Still, who knows what is going to happen to the economy here in the USA, or how that will affect daily life for Americans? I sure hope the NYSE springs back up on Monday and some investors get rich this weekend.
That said, today the Dow went DOWN almost 1000 points! No fair.
I will continue to hang on and not sell, since:
(1) I am no expert investor, and
(2) I don't want to lock in my losses, and
(3) Market timing always backfires on me.
My investments are quite conservative, and I have "age 70 SS" plus a mini-pension, so I am not concerned for my own well being. Still, who knows what is going to happen to the economy here in the USA, or how that will affect daily life for Americans?
I sure hope the NYSE springs back up on Monday and some investors get rich this weekend.Dtail
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I remember reading in one of my books on investing, that stocks could provide some cushion against the ravages of rapid inflation. I guess the idea was that stocks would go up during inflationary times.
That said, today the Dow went DOWN almost 1000 points! No fair.
I will continue to hang on and not sell, since:
(1) I am no expert investor, and
(2) I don't want to lock in my losses, and
(3) Market timing always backfires on me.
My investments are quite conservative, and I have "age 70 SS" plus a mini-pension, so I am not concerned for my own well being. Still, who knows what is going to happen to the economy here in the USA, or how that will affect daily life for Americans?
Still 9% from the bear in the S&P.
You need to take that Bear down...;
W2R
Moderator Emeritus
Still 9% from the bear in the S&P.
You need to take that Bear down...;
OK, how's this teddy bear instead?
jimbee
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Stocks did, prior to this period of recent inflation. The U.S. stock market return nearly doubled from the beginning of 2019 to the end of 2021. I'm living off of that now.
https://www.portfoliovisualizer.com...3=Portfolio+3&symbol1=VTSAX&allocation1_1=100
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Fermion
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I re-ran that from April 2019 to April 2022 and while it still did well, it was not a double.
jimbee
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Yep, change the endpoints, change the return.
My point was to demonstrate we've had excellent returns just before the present sh!tshow. Humans tend to be wired for loss aversion, disregarding recent gains when contemplating immediate losses.
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Retire2013
Recycles dryer sheets
To cope with rising prices, I hardly travel, eat out less, cook and eat in more, read more, and play the piano more. For fun, I just take my dog to the park for a long stroll, or play video games with my daughter.
Retire2013
Recycles dryer sheets
I also had the same luck buying my Skechers from Costco at $24.99. The Skechers outlet was selling the same shoes for $80.
Markola
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^^^^Sneaker Arbitrage play.
USGrant1962
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That’s pretty much the definition of inflation. I understand that most economists think deflation is worse. With deflation consumers quit spending expecting future lower prices, crashing demand and perhaps leading to a depression.
Greed has little or nothing to do with it.
No, the cost isn't here to stay. Prices will continue to go up. That's what inflation is all about, and it's extremely high right now.''
I had already shopped around and was cutting back and being extra frugal over the years to keep a high savings rate, well before soaring inflation struck, so those tips that others are just now starting aren't helpful for me.
W2R
Moderator Emeritus
+1
I remember candy bars costing 5 cents and comic books costing 10 cents at my local store back in the 1950's. In the many years since then there has been a lot of inflation, but prices never returned to that level AFAIK.
I agree, I mean once they peak, wherever that is, will they really ever come down?
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It depends on the "they" and whether or not consumer demand sticks around for the items at that price. Some will stay, some will go up more, some will come down.
