18% Inflation - The Real Rate

@Raiders22

 Fair enough

@dubz4dummyz

 So, please make sure you are invested for your retirement no matter what.  You will not regret it.

Then you can try timing it with extra money later on.

Folks, "" dollar cost averaging""  is still  your best tool to use to ride the ups and downs of the market.   As long as you're 5+ years from retirement,  you'll hope the market comes down in the near future,  so you can buy more shares at cheaper prices. 

If you have a 401k, then you are automatically implementing a "" dollar cost averaging""  strategy.   So, stick with it. 

Not my idea, but interesting discussion on proposed "fix".....

End the Federal Reserve:

1. Abolish the Fed. Unneeded, FFR floats 2% above inflation measured by three independent organizations.

2. Abolish government lending of any sort beyond infrastructure.

3. No bail outs and prison for executives.

4. Abolish all tax loopholes outside of actual production.

5. 15% flat tax, 1% state and local max

6. Cut non defense government employment by 70%

7. End all government pensions today

8. Abolish all offshoring and immigration unless doing so benefits all Americans

9. End SS, give everyone their money back with interest. If you take more than you paid, you get zero.

10. End welfare and Medicaid.

11. Make unemployment insurance far more robust with perks for people to start businesses

Great interview with Former FED Exec Dr. Thomas Hoenig here:

https://www.youtube.com/watch?v=MZCVCTWRAl4

He was also a featured source in the highly recommended book, "Lords of Easy Money".  If you haven't read it and want to make yourself a better educated person please do.  

Everyone, don't worry, the FED has infinite amounts of money!! 

Inside the link below is the dramatic price increases of various food items purchased from Maine to California and Hawaii and Alaska! I am thankful I can afford an occasional 12 oz of a cold Sam Adams lager!

N76kpZxxT4cf.jpeg (600×754) (scored.co)

@sundance

With the Bidenomics, things will only get worse over time. Inflation will soon show its real rate, gas and fuel will be going up and gas 4.00 a gallon plus. Food costs are crazy and cannot imagine any senior citizens voting for this. Were you better off 4 years ago? Easy answer,,, YES!

We have a real mess from the past 3 years and hope change can come Nov. 5th to save our once great Nation.

Go Trump and Go America!

Gas hit $4.14 a gallon in NE Illinois on Thursday. 

@THEMUGG

You can throw out the partisan Biden blame no problem but not with gas prices. You are reaching even for your standards. So Biden cut US production numbers? Or was that Saudi Arabia? 

You are better than sloppy partisan stuff Mugg.

Biden's failure to resolve the Russia/Ukraine conflict is a major reason fuel is high and transportation of goods high adding to inflation. In fact I would go as far as to say Biden and Zelensky gave Putin little choice, actually egging him on. 

Until now, never in my lifetime have I seen stickers on gas pumps with a picture of a president saying; "I did that." 

Remember... biden's words..." minor incursion is ok"..he gave the ok for putin to cross into the Ukraine.   His policies ...this administration has no accountability,  its a joke.

Last week the Fed released a new study that the wealth of the top 1% in America has hit a new all time high of $45 trillion.   

Up 15%, or $15 trillion, from 2020.

A lot of that $6 trillion printed in pandemic bucks poured into the financial markets and cheap loans to the rich still working its magic.... the rest, not so much.  

Cheers to the 1% while the poor and middle class continue to suffer the struggle each day.... 

We have bad leadership all the way around .

our “ leaders “ put their biased beliefs and personal goals ahead of doing what’s right for all . 

sadly this will not change . The human animal is inherently flawed .

Only 15%?

So what are the poor and middle class increases since 2020?

@UNIMAN

 those people don't own assets....  

what is the maths on the value of cash depreciation since 2020 ??  that is your answer (negative)  

@kcblitzkrieg

 Precisely..covid hammered the value of a dollar....which fucks the average Joe

All that money printed to save the markets basically was a free hand out to the 1%

Hence why market prices make absolutely no sense, in relation to what covid did to economy

See if this war threat crashes the market down a bit...you know ppl looking for reason to panic

Almost no support built

Extreme bubble. Can't go on for too long

Unless the ultra rich hold strong and prop the market...but I'm guessing they sell...panic regular joes to sell and then the ultra rich buy back at a discount again 

Many retirees are struggling with the massive inflation all the money printing did to this Country and World. Having to decide  buying meds, paying rent or eating is a terrible way to live and manage for some.

Hoping it gets better after Nov. 5th and we have a leader that focuses on America first and can help the world with all the wars, open borders and out of control energy costs.

That is great advice as long as you have the time. The hardest part is staying up with the Bidinflation and massive printing of money.

@witswits

 Yes the disconnect between the market and the real world is at an all-time high due to the FED investment in market and over-printing of US currency

It will be interesting to see if things ever level out or if the rich will keep the market propped up at these "out of whack" levels

Wonder who Trump will put in at the Fed in place of Powell? I hope he put Ted Cruz or Ron Dion DeSantis as AG to really clean up the mess and help rid the swamp of all corruption on both sides.

@witswits

I do not think there is much he can do about it without going through a rigamarole with the SC to settle the issue.  He would have to be clear that it was poor management or inefficiency and not just political differences.  So, until 2026 that is who he, or Biden, is stuck with.  Unless, for some reason Powell decides to step aside.

@Raiders22

Tough road ahead and not sure even Trump will be able to fix the destruction that happen the past 3.5 years. Will take someone that has a backbone and can stand the heat.

No more lead-from-behind as that put us in the situation were are in now.