Inflation in U.S. Highest Since 1981; Fed Not Expected to Raise Rates

Quote from PohPoh:

Will that be for one or two drinks, and one or two fares?
That sounds like an inflationary depression to me...

It has already begun...

$500 oil / $5000 gold within the next 5 years...
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There was an article in the WSJ 20 years or so ago about Argentinian inflation. They mentioned the story of a Buenos Aires home owner who paid off the last 3 years of his mortgage on one payment. He said bus fare to the bank cost more than his monthly mortgage cost!
 
Quote from Jayford:



The Fed would behave the same way no matter who was in office.
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Golly, who would ever have believed that.
Will wonders never cease.
 
ByLo, what do those numbers really mean? Do they properly account for changes in the way inflation is computed? And when dollar numbers are compared, are they adjusted to a constant dollar? If not, then i suppose the best measure of ones personal economy at least is to consider ones' job and bank account, and then take a trip to the grocery store, stopping to fill-up on the way. What is the point of growth due to borrowing money and sending everyone a check? Perhaps we can remain in Wonderland a very long time, but sooner or later it would seem we must return to Kansas.
 
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