Because a lot of people have to feel superior to others, in any way they can find?

OPEC running the show, inflation and a housing crisis…we saw this before in the late 70’s. We will over come it just like we did then. Enjoy life in the Villages and let the young sort out their problems.

And it is just getting started.

Highest Core Inflation in 40 Years Crossing Wall Street

Japan'''s wholesale inflation hits 40-year high as fuel costs spike | Reuters

Fed'''s inflation gauge hits fresh 31-year high as prices continue to soar | Fox Business

Inflation surges to its highest since 1990 : NPR

As I stated, your statement was incorrect - so thanks for the links proving it. It's the highest inflation in 30 years (as historically measured) - not 40 years. As far as "it's just getting started," you (nor anyone else) - knows that for sure.

We don't buy a lot of clothes or groceries or gasoline, so the new inflation has little effect on us.

However, I recall the horrible 1970's when were raising a family, and I hate to see inflation rearing its ugly head.

For core inflation it is indeed the highest in 40 years.

Thanksgiving Gas Prices at Least $1.20 More than Last Year

The point is we now are experiencing extremely high inflation, be it the highest in in 30 or 40 years, it is bad news, especially to seniors on fixed incomes.

BTW, it is just getting started. Wait and see!

Since we've had about six years of the stock market Rising and at least doubling am I would say most people are quite happy

Yes, I have three children in their 30s, the oldest bought a House ten years ago, now worth well over a million, the middle child just two years ago and still a double in value, but the third child while making six figures cannot afford anything since the average house where they live is at least $500,000. You shouldn't be so snide in your remarks as this really does affect everybody down the line

Turkey is only $0.49 a pound this week typically Publix sales turkey frozen their brand at $1 .49 per pound I want to see let's just keep the facts straight Charlie

It's a tax everyone, but felt the most by those with less.

Seems they are now trying to move their leftover stock...

Ohiobuckeye
 

How am I coping, I don’t have a choice! Whether I’m coping or not we all have to do our best until it changes, if it does.

Ohiobuckeye
 

I was in Chicago 3 weeks ago & gas was as high as $3.70. & traffic looks as bad as it was in the 90’s.

Wrong. We CAN do something about it. Self inflicted wounds can be healed. Decisions have consequences.

Unemployment claims are at a 52 year low - not unemployment. In October, 2021, the unemployment rate was 4.6 percent. That is not a 52 year low. The number of unemployed persons was 7.4 million. In February, 2020, the unemployment rate was 3.5 percent and 5.7 million were unemployed.

Good on you for explaining facts to the misguided that allow MSM to think and direct for them. No wonder we are in the situation we are in currently. We have people on MSM telling everyone that "all is OK, nothing to see here."

Chevron Premium is well over $5/gal in Orange County, CA where I came for Thanksgiving. It had been around $3/gal when I was here last, several months ago.

Ships are still lined up waiting at sea to get into LA and Long Beach Harbors. One's anchor broke an oil line a few months ago and caused a huge oil spill and oil slick. Stores are out of certain items and prices have gone way up. Shortages!

Look at used and new car prices; it is next to impossible to find a new car equipped just as one wants.

Although we are not yet circling the drain we are heading in that direction. What a mess!

Yep that’s why it’s such a great idea to give gigantic tax breaks to the wealthiest🤔

If the government is gonna start forgiving student loans, how do I get my credit for paying my loans off.

Give Up
 

Inflation is here to stay as long as we suppress fossil fuel exploration, regulate, tax and flood the economy with borrowed dollars.

The unemployment rate as late as April 2020, was 14.8%

The top 10% paid over 71% of the personal income tax paid in 2018. In 1980 they paid slightly less than 50%.

Who Pays Income Taxes? - Foundation - National Taxpayers Union

You are very lucky to be in a position where you thing this horrible inflation is “insignificant”…not all of us are…

Because of the spouting off my country greater than your.

The wealthiest always get gigantic tax breaks cause their lobbyists and lawyer’s write the tax laws with all the tax breaks for them. That’s why there will NEVER be flat tax.

Dreamer

Yes, and it could be all gone in month. What happens when invest in Ponzi scheme.

Sorry, use suckers don’t get redeemed.

Inflation will stop when we start paying down debt and stop printing extra cash for our citizens. As long as money is free and you don’t have to work for it, it is worth less of course.

Ohiobuckeye
 

Oh I don’t disagree with anything you said what you said is the truth. We bought a new Ford Edge a week & a half ago & yes the price went up 7 to $8,000. from a yr. ago. Our country is a mess! We drove from Texas to Ohio & Texas & Oklahoma gas was $2.99 & still is today, in fact some places here in TX. it’s $2.94. Every state north of Oklahoma was $3.13 to $3.59. Illinois was the highest we saw & still is!

It seems quality is really down.in touristy areas. Was in Myrtle Beach few months ago and not one decent meal, even went to the Hook and Barrell. Ended up eating appetizers all week which seem better than the Entrées. Went to Paducah Ky last month and not one bad meal!!

We are now experiencing the highest rate of inflation in almost 40 years according to the latest news.

Inflation is a tax on everyone. It places a greater burden on lower income people.

You know who's not hurting from inflation? Big business.

Andy Kiersz Nov 9, 2021, 4:24 PM

Wall Street NYSE Bull
Corporate profits are looking pretty bullish these days. Spencer Platt/Getty Images
A report from FactSet found that firms in the S&P 500 are on track for near-record high profit margins.
Corporate profits have been skyrocketing since the start of the pandemic, and margins keep getting fatter.
That is not what you'd expect to see from skyrocketing inflation, meaning inflation could be less of a problem than widely reported.
We are all being fooled

I wish the powers that be would stop blaming inflation on false narratives like the supply chain and the pandemic. Time tested and proven economics tells the real truth. Ever since the housing bubble crashed in 2007/2008 interest rates have been kept artificially low, the money supply has been steadily and dangerously increased through something called quantitative easing, and non-stop deficit spending has resulted in ever increasing levels of unsustainable debt. All of these actions used to be things that were reserved as very short term emergency measures to help pick up the economy during a time of crises, then very quickly reversed to prevent run away inflation. However, this time around these once extreme and drastic measures were never reversed, instead they have been irresponsibly continued non-stop for almost 14 years. The result is that our economy became hopelessly addicted to them. We now live in a crazy world where the market does good when we get bad economic news because the market views this as a reason to continue these reckless and irresponsible policies. Since there is a significant lag effect between irresponsible economic policy and the ultimate result of runaway inflation, we are only now beginning to see the results, which is runaway inflation, not transitional. Sure, supply chain shortages might be the fuse that finally ignited the ticking time bomb, but the bomb would have gone off eventually regardless. Unfortunately, the longer this irresponsible policy is allowed to go on, the harder it is to break the addiction, and the worse the pain is when the crap ultimately hits the fan. So here we are, get used to this inflation. The only way to get this under control, in any reasonable time frame, will be to follow the playbook of Paul Volcker, the former Chairman of the Federal Reserve. During the late 70’s and early 80’s, Volcker jacked up interest rates to extremely high levels, with short term T Bills reaching 20% and the 10 year UST rate reaching almost 16%. Unfortunately, taking these actions today is next to impossible without totally crippling the economy. Unlike the late 70’s, our economy today is hopelessly addicted to debt and cheap money. Raising interest rates to tame inflation when a country is over $30 trillion (and counting) in debt would result in literally every tax dollar collected needing to be used to just pay the interest on the debt, with little hope of ever paying down any of the debt. Think about it, there would not be a single penny available to spend on things like defense, infrastructure, or social programs. Talk about politically unacceptable! So here we are, facing a prolonged period of runaway inflation, caused by years and years of irresponsible policy, with virtually no politically acceptable tools at our disposal to do anything meaningful about it. Older people who have responsibly saved and invested over many years should be able to weather this storm, albeit possibly having to make some small sacrifices. On the other hand, I am extremely worried that younger generations will be feeling pain from this for a long time. Bottom line, the outlook for the value (purchasing power) of the dollar is not good.

Dam, I haven’t exercised my brain like that since I retired many years ago. One last thing, this is NOT a political post. The irresponsible policy, that has us where we are, has been going on for many many years, through multiple administrations and Federal Reserve Chairpeople, run and appointed by both parties. Buckle up, it’s going to be a long and rough ride.

I bought TIPS the 1st of the year. Figured it was a safe bet with the direction we are heading.

that's the meaning behind the statement. :coolsmiley:

that's the meaning behind the statement. :coolsmiley:

I agree. A convenient way to invest in TIPS (Treasury Inflation Protected Securities) is to buy shares in the Vanguard Inflation-Protected Securities Fund.