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Post by tigercpa on Jul 27, 2023 16:58:27 GMT
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Post by tigercpa on Jul 27, 2023 17:06:29 GMT
The number of bad, hot takes on this graph is crazy.
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Post by Hero on Jul 27, 2023 21:16:38 GMT
I sure wish I knew where those guys bought groceries and gas.
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Post by tigercpa on Jul 29, 2023 13:29:21 GMT
I sure wish I knew where those guys bought groceries and gas. No kidding - gas is up here 45 cents gallon in the last two weeks. And the other thing, inflation is not "coming down", as the graph (and Biden) is trying to get you to believe. |
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Post by tigercpa on Jul 31, 2023 13:59:07 GMT
"Inflation is disappearing" - Silly Congressmen
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Post by tigercpa on Aug 10, 2023 13:48:50 GMT
Auto loan and credit card interest rates just hit a new record high.
Average interest rates:
- Credit Card: 25%
- Used Cars: 14%
- New Cars: 9%
Meanwhile, we have record levels of debt:
- Total Household Debt: $17.1 trillion
- Auto Loans: $1.6 trillion
- Credit Card Debt: $1.0 trillion
The worst part?
Student loans just hit a record $1.6 trillion.
Interest on student loans has been suspended since 2020, but it set to resume next month.
The debt crisis is real.
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Post by Bevo on Aug 10, 2023 14:04:24 GMT
I sure wish I knew where those guys bought groceries and gas. No kidding - gas is up here 45 cents gallon in the last two weeks. And the other thing, inflation is not "coming down", as the graph (and Biden) is trying to get you to believe. "YoY Inflation" is declining at the moment. That doesn't mean prices are coming down. It just means they're increasing less, sequentially. This time last year, we had several months of RECORD increases. So, the comparisons this year don't look quite as bad. But, oil prices are heading up again. When energy cost go up, EVERYTHING goes up. We're not done with this yet. |
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Post by tigercpa on Aug 10, 2023 18:35:07 GMT
No kidding - gas is up here 45 cents gallon in the last two weeks. And the other thing, inflation is not "coming down", as the graph (and Biden) is trying to get you to believe. "YoY Inflation" is declining at the moment. That doesn't mean prices are coming down. It just means they're increasing less, sequentially. This time last year, we had several months of RECORD increases. So, the comparisons this year don't look quite as bad. But, oil prices are heading up again. When energy cost go up, EVERYTHING goes up. We're not done with this yet. Correct, Bevo. The RATE of inflation is decreasing, but inflation is not decreasing. So June vs. June is 12.1% (cumulative). And, for the government to exclude food and energy form the CPI is criminal. |
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Post by Bevo on Aug 10, 2023 22:14:13 GMT
Oil is up 30% in the past 3 months. Just wait till that rolls downstream.
And, sooner or later, we HAVE to start re-filling the strategic reserve, that Biden has needlessly and recklessly depleted.
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