Inflation
Comments
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I got a 30 year fixed on my White Wakanda house for 2.95 %. Then I got a letter from Amex on my high yield savings account that my interest rate was down to .5 % APR. I need to to nut up like @Swaye and buy more watches.
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@UW_Doog_Bot isn't wrong.creepycoug said:
It's an important question with which to wrestle, because if @UW_Doog_Bot is wrong and @godawgst is right, we are in for a world of shit.dflea said:I've seen a lot of indicators of inflation not lead to inflation over the years.
No party in power every worries about inflation. Worrying about inflation is for the losers, and they regularly do.
At least that's what it looks like to me.
These DC riots will seem like tame shit if we? wake up one day and bread costs $12.50 / loaf and a single block of ramen noodles goes for $4.50. At that point the pours (the real ones, not the pour-mouth @YellowSnow s) will not be able to adequately feed themselves and the shit will hit the fan.
And nobody, even the riches, will be buying flooring from @RaceBannon and his partner. Flooring? Did you say flooring? In this economy? Flooring? [Mora.gif]
hth
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I'm pretty sure inflation topped out at around 13-14% right around 1980. But that's 40 straight years of inflation fear mongering by both sides that hasn't materialized in reality.RaceBannon said:Inflation was around 18 percent at one point late 70s early 80s
This year's events could change things some, but I have faith in our fiat dollar. -
I'm not sure he's posted a single thing with which I have disagreed thus far.dflea said:
@UW_Doog_Bot isn't wrong.creepycoug said:
It's an important question with which to wrestle, because if @UW_Doog_Bot is wrong and @godawgst is right, we are in for a world of shit.dflea said:I've seen a lot of indicators of inflation not lead to inflation over the years.
No party in power every worries about inflation. Worrying about inflation is for the losers, and they regularly do.
At least that's what it looks like to me.
These DC riots will seem like tame shit if we? wake up one day and bread costs $12.50 / loaf and a single block of ramen noodles goes for $4.50. At that point the pours (the real ones, not the pour-mouth @YellowSnow s) will not be able to adequately feed themselves and the shit will hit the fan.
And nobody, even the riches, will be buying flooring from @RaceBannon and his partner. Flooring? Did you say flooring? In this economy? Flooring? [Mora.gif]
hth -
Oil prices doubled twice in the 70s.dflea said:
I'm pretty sure inflation topped out at around 13-14% right around 1980. But that's 40 straight years of inflation fear mongering by both sides that hasn't materialized in reality.RaceBannon said:Inflation was around 18 percent at one point late 70s early 80s
This year's events could change things some, but I have faith in our fiat dollar.
We survived -
I still remember the license plate game. And I was a wee lad.RaceBannon said:
Oil prices doubled twice in the 70s.dflea said:
I'm pretty sure inflation topped out at around 13-14% right around 1980. But that's 40 straight years of inflation fear mongering by both sides that hasn't materialized in reality.RaceBannon said:Inflation was around 18 percent at one point late 70s early 80s
This year's events could change things some, but I have faith in our fiat dollar.
We survived -
Looks like it peaked at 14.4 percent
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Ford wanted to Whip Inflation Now in 75 and 76
The WIN button -
10.25% in 1990 - and that was a deal. Until it wasn't.RaceBannon said:We bought our house at 11 percent in 87
They should have got into carpet laying
And, if I recall, pretty close to 20% down.
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It really was harder - it's hard - to buy a house back in the day. You had to have some capital and your shit together.PurpleThrobber said:
10.25% in 1990 - and that was a deal. Until it wasn't.RaceBannon said:We bought our house at 11 percent in 87
They should have got into carpet laying
And, if I recall, pretty close to 20% down.
