Money & Economics
- Thread starter bigredfish
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looney2ns
IPCT Contributor
looney2ns
IPCT Contributor
Wasn't sure as I couldn't read your Bourbon fueled mind.
Sybertiger
Known around here
401(k) hardship withdrawals on the upswing as inflation squeezes consumers
More Americans are making hardship withdrawals from their 401(k) retirement plans to cover expenses as they struggle with chronic inflation.
www.foxbusiness.com
Sybertiger
Known around here
Too bad we can't send them some of our inflation to help them out.
www.foxbusiness.com
China slides into deflation in potentially worrying sign for global economy
As many countries deal with crippling inflation, China is seeing month-on-month declines in consumer prices and spending stoking anxiety among investors and trading partners.
www.foxbusiness.com
Forget CPI: Inflation In Necessities Has Skyrocketed Since 2020
Forget CPI: Inflation In Necessities Has Skyrocketed Since 2020 | ZeroHedge
When mainstream economists and politicians cite “improvements” to the inflation problem in the US in recent months, what they are commonly referencing are changes to the Consumer Price Index (CPI). However, the CPI is not a measure of total inflation, rather, it is a median snapshot of prices at a particular point and time. True inflation is cumulative – A 10% increase one year and a 5% increase the next year is not a win, it means that you are now paying 15% more on average for everything you buy in the span of only two years.
When CPI falls this does not mean that prices on goods and services are going down, it only indicates that prices are rising slower than they were the month or the year before.
Forget CPI: Inflation In Necessities Has Skyrocketed Since 2020 | ZeroHedge
When mainstream economists and politicians cite “improvements” to the inflation problem in the US in recent months, what they are commonly referencing are changes to the Consumer Price Index (CPI). However, the CPI is not a measure of total inflation, rather, it is a median snapshot of prices at a particular point and time. True inflation is cumulative – A 10% increase one year and a 5% increase the next year is not a win, it means that you are now paying 15% more on average for everything you buy in the span of only two years.
When CPI falls this does not mean that prices on goods and services are going down, it only indicates that prices are rising slower than they were the month or the year before.
Sybertiger
Known around here
Wow, didn't know wheat is more expensive than beef (per lb).
Corporate America Panics As 'Student Loan' Chatter Hits Record On Earnings Calls
Corporate America Panics As 'Student Loan' Chatter Hits Record On Earnings Calls | ZeroHedge
Corporate America Panics As 'Student Loan' Chatter Hits Record On Earnings Calls | ZeroHedge
Sybertiger
Known around here
Corrupt vote buying politicians will probably figure out a way for further forebearance or forgiveness.
mat200
IPCT Contributor
- Jan 17, 2017
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Sybertiger
Known around here
Frontier, Peloton, and Old Navy among More Exposed Brands As Student Loan Payments set to Resume - Earnest Analytics
Student loan payers who suspended payments during Covid will have to resume those payments come October. What does that mean for consumer spend?
www.earnestanalytics.com
You know things are bad when….
"I Just Want To Sell Titty Pictures": Sex Workers F**ked By Crypto
www.zerohedge.com
"I Just Want To Sell Titty Pictures": Sex Workers F**ked By Crypto
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
I'm so thankful I'm not in need of a mortage.
Sybertiger
Known around here
I wonder how some who are just starting off with a new home would feel about 9% or higher like many of us dealt with when purchasing a home when we were first starting out. I was at 9% and I know others who had higher rates.
Not only that but property taxes have skyrocketed in many places so the local gov't. can fund so many useless projects and hand money hand-over-fist to every "disadvantaged", whiny group that comes along with their hands out.
I know of a modest, average sized, single story 40 year old home in San Jose, CA in a nice neighborhood that probably cost $60K when built in 1980 that is appraised now at $1.5M and the owner pays....brace yourself.....$20K in property taxes annually.
The fact that it's in CA should speak volumes about why most of those tax increases have occurred. Thank you, Lord...for getting me outta there in '04.
9.5% for me. I was able to pay off my 30 in 22 years...the mortgage company came up with a plan, instead of paying monthly, we paid every two weeks, 26 payments a year. I think it started out where we paid an extra $40 a month. Anyway, we paid it off in 22 years...
We looked into refinancing but instead of starting a new 30 year loan to save monthly, we passed...plus I think they wanted 2 or 3 points up front to get a 6% loan...glad we passed. There is a huge satisfaction in paying off a house mortgage...
It was below 3% when Trump was in office.