Please explain how to keep up with a fricking 7.9% inflation rate...

[CET]

Not true for most. It starts biting most families. And mortgage rates have not even meaningfully ticked up yet. If mortgage rates quote 4 or 5 percent then let's talk again. Unless the supply crunch abides soon and China again manufactures and delivers on time prices will only tick up more. This is highly questionable in the current geopolitical realm.

The following is from Bankrate.com today.

On Tuesday, April 05, 2022, the national average 30-year fixed mortgage APR is 4.870%. The average 15-year fixed mortgage APR is 4.090%, according to Bankrate’s latest survey of the nation’s largest mortgage lenders.

 

[smallfil]

As if not every single republican lawmaker and former government official has not grossly collided with industry and pushed the winner take all propaganda. Don't deceive yourself.

Someone is responsible or are you going with the lie that Putin's war in Ukraine increased the price of oil? The problem with you on the left is you never take responsibility for your screw ups. You act like all you do is A-Okay. Joe Biden screwed up and continues his bad policies against the US oil companies then, wonders why there is not an increase in US oil production?

 

[tiddlywinks]

Not true for most. It starts biting most families. And mortgage rates have not even meaningfully ticked up yet. If mortgage rates quote 4 or 5 percent then let's talk again. Unless the supply crunch abides soon and China again manufactures and delivers on time prices will only tick up more. This is highly questionable in the current geopolitical realm.

You meant to say 6 or 7 percent?

https://twitter.com/x/status/1511402466419654659

The following is from Bankrate.com today.

On Tuesday, April 05, 2022, the national average 30-year fixed mortgage APR is 4.870%. The average 15-year fixed mortgage APR is 4.090%, according to Bankrate’s latest survey of the nation’s largest mortgage lenders.

 

[GoldDigger]

There's only ever been one way to keep up with
inflation, and that is to make more money.

I think that Howard J. Ruff said that way back in
the 80s. Please correct me if it was someone
different.

 

[VicBee]

timestamped

I don't like Michael Saylor's delivery. He always comes across as arrogant, as if we're all too stupid to understand the subject matter. He made a multi billion $ bet on btc which has yet to become what he thinks it should be.
It's well understood that inflation is different for anything and everything. But the best way to measure something over a period of time is to use the same reference as an indicator, and that's all the gov's inflation number is.
Your inflated US$ can buy you more stuff in other countries. Go visit the world, buy apartments or whatever.

 

[zdreg]

We have it better than 90% of the rest of the world and yet we constantly bitch and complain

"We bitch and complaint."
Then we babble about inequality and the free market is unfair. Then we conclude that a dose of socialism light would solve the issue. Then we start to have shortages. Then we conclude that we need more regulation, price controls etc. to be rid of the shortages. Then the producers stop producing. The shortages increase. Then government decides to nationalize companies that are deemed to cause the shortages. The shortages spiral under government control. Then we rename the country Venezuela North.

 

[SimpleMeLike]

- A 3% raise at work is typical--if you're lucky.
- 10yT is paying 2.4%
- To consistently pull 8% out of the equities market qualifies you as a fund manager

Just to tread water, you have to take a lot of risk. 9% just to get ahead by 1%? Maybe junk bonds? Again... the risk. Do drug dealers issue bonds?

They flooded the system with USD, and in the process, are making us all poor!

Hello kmiklas,

You can beat inflation 7.9% and anything else in your life by:

Earning $X,XXX,XXX in 1 to 10 years.

The best way to earn $X,XXX,XXX in 1 to 10 years is to trade well and hurry up and increase size on your trades.

Once you have $X,XXX,XXX EVERY PROBLEM in your present and future life is fixed within 24 hours guaranteed.

I do not know 1 problem in this world that can not be fixed within 24 hours by having $X,XXX,XXX.

Thank you,

 

[TheDawn]

Hello kmiklas,

You can beat inflation 7.9% and anything else in your life by:

Earning $X,XXX,XXX in 1 to 10 years.

The best way to earn $X,XXX,XXX in 1 to 10 years is to trade well and hurry up and increase size on your trades.

Once you have $X,XXX,XXX EVERY PROBLEM in your present and future life is fixed within 24 hours guaranteed.

I do not know 1 problem in this world that can not be fixed within 24 hours by having $X,XXX,XXX.

Thank you,

Have $X,XXX,XXX and not lose it. Plenty of people have made $X,XXX,XXX and lost it and their problem(s) still persisted.

 

[M.W.]

The typical Mantra. "if you don't do what we dictate under cold blooded capitalism then the country turns into Venezuela" . Did Japan, Germany, France, Denmark, Switzerland, Norway, Finland, Belgium, Holland turn into Venezuela? Not that I can see.

Bidding wars for properties happen in a society where housing becomes a commodity and where venture capital firms and hedge funds can buy up huge swath of land and where there is zero rent control. In a nation that borrows without limits nor regard for future generations. Inequality and limitless greed lead to a society where huge portions of the population end up with nothing. That's what has disenfranchised an entire young generation and turned them into Muppets without hope. Not social market economic ideas that are practiced all over Europe and have led to a much more balanced society and lesser inequality. Last time I checked all above named nations produce top tier technology and play in the top league. Their policies can't be all that bad.

"We bitch and complaint."
Then we babble about inequality and the free market is unfair. Then we conclude that a dose of socialism light would solve the issue. Then we start to have shortages. Then we conclude that we need more regulation, price controls etc. to be rid of the shortages. Then the producers stop producing. The shortages increase. Then government decides to nationalize companies that are deemed to cause the shortages. The shortages spiral under government control. Then we rename the country Venezuela North.

 

[VicBee]

"We bitch and complaint."
Then we babble about inequality and the free market is unfair. Then we conclude that a dose of socialism light would solve the issue. Then we start to have shortages. Then we conclude that we need more regulation, price controls etc. to be rid of the shortages. Then the producers stop producing. The shortages increase. Then government decides to nationalize companies that are deemed to cause the shortages. The shortages spiral under government control. Then we rename the country Venezuela North.

You like intellectual shortcuts? No every road leads to Venezuela. Communists, fascists and religious autocracies all impose strict controls over their economies. Doesn't Russia ring a bell?
Now, name me a single country in the world that imposes no rules.