Inflation rose 8.6% in May, highest since 1981
- Thread starter Doobie Doo
- Start date
Yup. We are going to see deceleration on next month’s report.
But I can’t wait for the Q2 GDP report on the 28th
MasterOfAllHeSurveyz
All Star
Didn't you get the memo that unsubstantiated opinion trumps real-life experience?
Armchair Militant
Stay woke
Pain
Vandelay
Life is absurd. Lean into it.
Don't you hate when someone who isn't in the industry tries speak on the industry so confidently and is flat out wrong?
There's labor shortages all over the fukking supply chain, which leads to delays in production and shipping, which leads to delays on in-stocks, which drives up the cost on finished goods.
It's a multilayered problem. Anyone who thinks otherwise is just looking for feel good platitudes.
Kenny West
Veteran
nikkas didnt want to vote for Bernie tho
Kenny West
Veteran
Those corporations pay good bribe money to have their wayThe tax rates on the rich before 1980 was like 70% on income over 107k (431k in today’s dollars)
They need to go back to those old rates and stop letting corporations and the rich get away with murda
Historical Federal Individual Income Tax Rates & Brackets, 1862-2021
How do current federal individual income tax rates and brackets compare historically?taxfoundation.org
Kenny West
Veteran
The realest shyt ever. One of the reasons I dumped my ex. Shorty was spending that pamdemic bread like it was burning a hole in her pocket. She wanted to go to California, high key one of the most expensive places on the planet, I wanted to prepare for the fukkery and learn how to code so I can earn more.Saw this coming and switched jobs last fall for a huge salary increase. While cutting spending at the same time and paying down all my debt.
All the while every female I know is still spending money like crazy. And doesn't even pay attention to financial market news.
LA is eating her alive right now
I mean the shyt is common sense fam. Been in this industry in Operations and Engineering (on executive levels). It’s not rocket science. Ports are STRUGGLING with containers sitting on yards. SEVERE driver shortages, Etc.
Here comes the .75 and 1.00 bases point rise....
Biden just said the inflation numbers are out of date
Financially irresponsible people are the WOAT especially when the other person in the relationship is. Auto
IMOI understand now why people ask about credit scores on dating apps
I know folks don't want to hear it cause its blood in the streets. But this is where the REAL money is made if you got some you can hold off touching for some years.
These stocks/etfs, bonds and other investments (such as crypto I.E. good projects) are hedges against inflation. Its ok to hold onto money that you need. But if its money you don't need in the next few years. Its best to place it in some of these investments. Cause inflation will eventually cause the investments (good ones) to rise in the coming years.
Also this housing market about to slow down big time (no major crash like 2008), but all that paying 20K to 100K over the asking price about to be over on them 2100 to 5000 square foot houses. Once Powell raise this interest rate another .75 to 1.00 bases points the next 2 times this year.
These stocks/etfs, bonds and other investments (such as crypto I.E. good projects) are hedges against inflation. Its ok to hold onto money that you need. But if its money you don't need in the next few years. Its best to place it in some of these investments. Cause inflation will eventually cause the investments (good ones) to rise in the coming years.
Also this housing market about to slow down big time (no major crash like 2008), but all that paying 20K to 100K over the asking price about to be over on them 2100 to 5000 square foot houses. Once Powell raise this interest rate another .75 to 1.00 bases points the next 2 times this year.