Inflation Up
 

Up tick.

:oops:

Don’t need a government statistic to confirm that. A trip to the grocery store or the renewal notice for homeowners or health insurance makes it abundantly clear.

Rich People's inflation
 

per macro analyst this morning on Bloomberg, Dr. David Kelly, Chief Global Strategist for J.P. Morgan Asset Management.

Inflation is currently a rich person's problem, where the bulk of the inflation is in high end services

For the poors, gasoline is down, and shelter costs coming down.

People under 40 have never seen inflation like this. We have lived it a couple of times, always planned for it. This time is different because we are locked into the high level. Typically demand destruction reduces it. ...layoffs, recession etc.

I think the real "Killer" is housing costs and mortgage interest rates. My son who is 28 years old told me that his generation has given up on the American dream.

Historical inflation rates show otherwise. (2000, 2001, 2005, 2006, 2008, 2011...)

Interesting you say your son says that given the UHC discussion….he was 26 had it all and gave it all away.

Going to the Supermarket is painful. So what's causing this painful inflation? I just have to feed myself. I can only imagine how tough it is on families.

this 2020's inflation period was transitory, though a bit longer than the federal reserve had hoped, the inflation of the 70s was not transitory like this, but was more relentless because the cost of crude and derivatives usage was very, very inefficient as compared to today, and there was a much higher mfg demand for energy than today. .

So the 70's inflation is still the boogie man in many boomers memory and are still haunted to this day. . see the decade of dave's post above for confirmation

Housing costs do seem to have increased disproportionately. At the same time, both my nieces (30 and 28) recently purchased homes.

Guess the new Gulfstream or sport fishing boat is now off my bucket list

Not a true housing market when most of the sales are made by long term investors who buy with cash.

Its 2.7% year-over-year if I read the reports correctly. I can live with that. We definitely don't want deflation, and we don't want runaway inflation. 2.7% seems comfortable.

the books are being cooked