Originally Posted by Blueblaze (Post 2136503)

OK, I'll play. Name something that's only up 15%.

Will raising rates end inflation? That's the only thing the FED is willing to do, but that's not the real solution. The real solution is to STOP PRINTING FAKE MONEY. In fact, in the history of the world, the only thing that's ever solved 50% inflation is to ISSUE A NEW CURRENCY and then DON'T INFLATE IT.

Yes, raising the rate the FED charges banks for their fake money, discourages banks from taking it, but not enough to convince them to quit paying the FED and start paying YOU. THAT would allow a real "soft landing", by attracting REAL INVESTMENT. Or, at least it would, if inflation wasn't already at these astronomic levels. At this point, I don't see any solution.

Mortgage rates are now over 6%. Is your savings account making any more than it was a year ago? There's your clue. For the 100 years prior to the 2008 crash, when Obama effectively nationalized the banking system, you could get 4.25% in any passbook savings account, through inflation, depression, recession, and what-have you. The banks WANTED and NEEDED your money. Now they don't. How do we recover from a banking system that doesn't want investment from the real economy?

Originally Posted by Stu from NYC (Post 2136580)

You would have to be able to think first.

Originally Posted by golfing eagles (Post 2136585)

I do so hope that was a general statement and not directed at me, I'd hate to have to leave the Village of Stu:1rotfl::1rotfl::1rotfl:

Originally Posted by Stu from NYC (Post 2136605)

It was not directed at you at all. As long as rent is paid on time you are still a resident and entitled to all the amenities we have to offer that we have not yet taken away.

Originally Posted by Rainger99 (Post 2136467)

What have interest rates been in Canada the past 10 years??

If you can only invest $6000, even at 5% interest (haven’t seen that high a rate in years), you would only get $300.

And is that just interest that is tax free or is it capital gains and dividends?

Originally Posted by golfing eagles (Post 2136614)

But should I spend hours and hours comparing my amenity fee to my neighbors then whine about a $2.98 difference?????:1rotfl::1rotfl::1rotfl:

Originally Posted by Stu from NYC (Post 2136676)

Maybe not hours and hours but perhaps you should spend a little time. Can we compromise at 5 minutes once a week?

Originally Posted by CoachKandSportsguy (Post 2136450)

With oil declining from peak, there will be less inflation pressure on goods, however, labor inflation lags goods / rent inflation and now we are seeing the effects of labor inflation, and the only way to reduce labor inflation is to reduce job growth, which when due to a pandemic and those in their 60's retiring early, results in a labor shortage, means that the Fed may have to follow the Volker formula, and many are betting that won't happen. . .

Just remember that your house is NOT an investment. there is no revenue generated by it and there are only expenses associated with it. a car is also not an investment, just future junk. And in the villages, houses can come close to future junk with no wills/trusts, etc

Originally Posted by Rainger99 (Post 2136577)

The good news is that Social Security recipients may receive an 8.7% cost-of-living adjustment next year.

Originally Posted by Tvflguy (Post 2136249)

For those who may have spare money to invest, check into iBonds. Max is $10k per individual. 9.2% interest annually for next six months. Gvt re evaluates interest every six months. A solid investment and
way to safely park $10k per person with very good return.

Google I bond for details. Only individuals can purchase thru US Treasury Direct Website.

Originally Posted by Blueblaze (Post 2136339)

Can anyone name anything that's ONLY 8.3% higher than last year?

It looks more like 50%, when I walk the aisles at Wal-Mart, or fill my tank, or read my tax appraisal, or pay my insurance bill.

But Good News Everybody! My Social Security check went up 7% this year! (But then they hiked my Medicare bill 20%, so there's that).

Gee, you don't think this could be related somehow to paying everybody a bunch of monopoly money to take a year off and hide in their basement from Covid, do you? Whodathunk that would cause problems?

I'm trying think of a country that ever survived 50% inflation, and I'm drawing a blank. Maybe our gooberment just "identifies" with 8.3%! Everybody knows, that's not the same as lying, right? That could work, right?