Author Topic: Inflation Staying  (Read 350 times)

Offline Nemo

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Inflation Staying
« on: July 11, 2021, 01:40:36 PM »
General mainstream media is say just temporary stuff due to economy reopening.  Some say it a problem here for a while.  You pick.

I look more to the latter than former.

Nemo


https://www.wsj.com/articles/higher-inflation-is-here-to-stay-for-years-economists-forecast-11626008400

I'm not a member so thats all you get.  Google-Fu'sters go to work.  (if you want)

From
Quote
The Wall Street Journal

Economy The Outlook

Higher Inflation Is Here to Stay for Years, Economists Forecast
Strong economic rebound and lingering pandemic disruptions fuel inflation forecasts above 2% through 2023, survey finds
If you need a second magazine, its time to call in air support.

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Offline pkveazey

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Re: Inflation Staying
« Reply #1 on: July 12, 2021, 03:03:37 AM »
Remember when I posted, "We're Screwed"? Well, that's what we are. If you haven't planned for hyper-inflation, your really screwed. Those dumbasses in Washington think going to a digital currency will save the day. Well, it won't. All it will do is tell Big Brother what you bought, how much of it you bought, where you bought it, when you bought it, and how much you paid for it. Set yourself up to operate outside the system and you might just survive, or at least survive longer than your idiot neighbor who uses that damn credit card, Debit card, or swipes their damn cell phone under a scanner. Hmmmmm..... I think I'll run out and buy some Preparation H, some condoms, some Ammo, or some incontonance diapers. Nobody will know. BS, big brother will monitor every purchase. Over the years I have watched a 5 cent Hershey bar go from a Nickel to $1 and when it goes to $10 and then to $100 people will be crapping their pants. The sad thing is WE LET IT HAPPEN.

Offline JohnyMac

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Re: Inflation Staying
« Reply #2 on: July 12, 2021, 08:24:33 AM »
June's CPI will be released tomorrow.

Remember, the formula being used will be from 2018 not 1980. YTD thru May, using the 1980 CPI formula, inflation is in the 10 to 12% range. The 2018 formula does not include fuel.  :coffeeNews:

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