Key inflation gauge watched by the Federal Reserve hits another 30-year high

[Weatherman2020]

LOL! Debt free Bish! And you can't even pigeon hole me. You are a funny fucker.

Impossible. Blacks can’t succeed in America, you told us so.

 

[iamwhatiseem]

I'll never complain about that. Debt free and you can kiss my sorry azz all the way to the county tax assessment office. Sucker.

The point is that rates are low. Dummy.

Rates are artificially low. And that has many negative effects. MANY.
It helps you with saving money on your house payment, but utterly destroys your ability to save money, and continuously erodes the value of what money you have saved.

 

[harmonica]

I'll never complain about that. Debt free and you can kiss my sorry azz all the way to the county tax assessment office. Sucker.

The point is that rates are low. Dummy.

wrong

 

[Erinwltr]

wrong

A simple google will do. Dummy.

Compare Current Mortgage Interest Rates | Wells Fargo

View daily mortgage and refinance interest rates for a variety of mortgage products, and learn how we can help you reach your home financing goals.

www.wellsfargo.com

 

[HenryBHough]

I have a fucking freezer. And chicken per pound is not 5.45.

You're right!

I re-checked the slip from Safeway - it was actually $5.47/pound.

 

[Erinwltr]

Rates are artificially low. And that has many negative effects. MANY.
It helps you with saving money on your house payment, but utterly destroys your ability to save money, and continuously erodes the value of what money you have saved.

Then the Dollar is shit and we are all going to a Dumpster In The Sky.

 

[harmonica]

A simple google will do. Dummy.

Compare Current Mortgage Interest Rates | Wells Fargo

View daily mortgage and refinance interest rates for a variety of mortgage products, and learn how we can help you reach your home financing goals.

www.wellsfargo.com

Goebbels would be proud of you!!!

 

[iamwhatiseem]

Then the Dollar is shit and we are all going to a Dumpster In The Sky.

Well consider

In 1977, a union employed skilled labor made about $10/hr.
A decent car cost about $5000.
Today... that same laborer makes approx. $19/hr. Almost double what was made then.
However that same car now cost about $23,000. Almost 5 times the cost.
A 3 bdrm average home in 1977 - about $25,000.
Today - $300,000

You tell me.
You think we are winning??

 

[Erinwltr]

Well consider

In 1977, a union employed skilled labor made about $10/hr.
A decent car cost about $5000.
Today... that same laborer makes approx. $19/hr. Almost double what was made then.
However that same car now cost about $23,000. Almost 5 times the cost.
A 3 bdrm average home in 1977 - about $25,000.
Today - $300,000

You tell me.
You think we are winning??

Post your source.

And yeah, I get what you are saying. Since Reagan, the middle class in America has been shafted.

 

[iamwhatiseem]

Post your source.

And yeah, I get what you are saying. Since Reagan, the middle class in America has been shafted.

1977 Malibu Classic (Basic Model).... MSRP - $4,250

Used 1977 Chevrolet Malibu 2 Door Coupe Ratings, Values, Reviews & Awards

Get accurate pricing information for a used 1977 Chevrolet Malibu 2 Door Coupe, and explore other options.

www.nadaguides.com

2021 Ford Fusion S (Basic Model)... MSRP - $23,170

2021 Ford Fusion Price, Review, Pictures and Specs | CARHP

www.carhp.com

Journeyman wages July 1978... $11.05/hr Nat avg. I said $10, because that is what my father made at GM back then.

https://fraser.stlouisfed.org/files/docs/publications/bls/bls_2038_1979.pdf

Journeyman wages 2019... $22.93 Again, around here it is $19... 22.93 is nat avg.

Journeyman Salary (May 2024) - Zippia

The average salary for a Journeyman is $57,682 per year, or $28 per hour in United States. Find out the average a salary by state, years of experience, and field.

www.zippia.com

 

[JohnDB]

Market is unprepared for the inflation fallout, Wharton's Jeremy Siegel warns.

Decent article from a guy who is usually anything but a gloom and doom prophet.

This is going to happen...take precautions by dumping your growth stocks and buying value/dividend stocks. Profits are what matters during inflation...not the potential for growth.

Also commodities (like coffee or metals) can be another good place to invest.

 

[pinqy]

Well consider

In 1977, a union employed skilled labor made about $10/hr.
A decent car cost about $5000.
Today... that same laborer makes approx. $19/hr. Almost double what was made then.
However that same car now cost about $23,000. Almost 5 times the cost.
A 3 bdrm average home in 1977 - about $25,000.
Today - $300,000

You tell me.
You think we are winning??

Just addressing the car prices for now: A 1977 Honda Civic cost about $2,700 new. It included disc brakes, and optional A/C and am/fm radio. And it took leaded gasoline.
That same exact car would cost about $6,000 now, although it wouldn’t meet current safety or emissions standards.

Add in all the features a modern Civic has and that easily gets you from $6,000 to $23,000
Apartments and houses also tend to be larger, have A/C, and don’t have lead paint or asbestos.
My point is that things cost so much more now because the quality for many things and standard of living have gone up. (Yes the quality of many other things has gone down.

 

[task0778]

When the Fed and the gov't tells you inflation is merely transitory, do you believe them? Why? They've pretty much lied to us all along, and when the economic numbers and indicators turn negative they just adjust the formulas and algorythms so it doesn't look that bad. I'm guessing we heard the same shit back in the 70s when inflation took off.

 

[Mac-7]

The point is that rates are low. Dummy.

The inflation rate is not low

Its a 30-year high and maybe not finished going up yet

Thanks biden

Thanks vax nazis

Thanks libs who want to pay people for not working

 

[Ringo]

Americans are starting to think, but they dream of taking away billions, instead of taking away the means of production.

Wealth, shown to scale

Wealth inequality in the United States is out of control. Here we visualize the issue in a unique way.

mkorostoff.github.io