Inflation highest in 30 years. Prices up 6.2% year over year.

Mega

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charknicks

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Im not sure if people are being serious about this being on Biden or not. The pandemic isnt on him, nor the fact that Americans and their 'freedoms' would not just sit and ride this out, instead extending the damage done is this country.

The problem is these companies who wont match this wave and raise salaries. People better buckle up. Might be some hard times coming, cause greed is gonna keep going up. Everyone is for self now out here.
 

Thavoiceofthevoiceless

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Folk who were paying attention are not surprised by this. The damn government printed a shytload of money. Inflation was predicted even by people here. Your cash has less value than it did last year. So you buy up assets to keep up with inflation.

Yet you still had members of The Coli insisting for months and even now still now that inflation isn't going on :francis:

You had Biden and Yellen downplaying the issue and insisting that it wasn't that big of a deal and a "temporary" thing when the numbers have always insisted otherwise.
 

beenz

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If only this was all somehow avoidable. Shame. Who could’ve predicted this in the past 50 years? :smh:

yes, if only trillions of dollars weren't printed up out of thin air and put into the economy without any thoughts of the repercussions.

how the hell is this a surprise?
 

beenz

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Folk who were paying attention are not surprised by this. The damn government printed a shytload of money. Inflation was predicted even by people here. Your cash has less value than it did last year. So you buy up assets to keep up with inflation.

yup, if you had all ur money invested in blue chip stocks or any index fund, you would be ahead of inflation.

that said, I need to get more of my cash in my investment account or use it to pay more on my mortgage because I'm losing money when I keep holding it
 

JLova

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Yet you still had members of The Coli insisting for months and even now still now that inflation isn't going on :francis:

You had Biden and Yellen downplaying the issue and insisting that it wasn't that big of a deal and a "temporary" thing when the numbers have always insisted otherwise.

Happening all around the world. All these countries were printing money. All that money has to go somewhere.
 

JLova

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yup, if you had all ur money invested in blue chip stocks or any index fund, you would be ahead of inflation.

that said, I need to get more of my cash in my investment account or use it to pay more on my mortgage because I'm losing money when I keep holding it

Same here. I have too much cash sitting around.
 
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