almost like..did you see the increased Medicare premium post above?
infrastructure vote surprise...
- Thread starter Roger A. Shrubber
- Start date
injinji
Well-Known Member
No, I don't think anyone planned for this rate of inflation. It's worldwide, with China and Japan in far worse shape than we are. This is scary to anyone who lived through the 70's and 80's. Even though I'm taking a bath with savings, I hope they hold out raising interest rates. This is driven by supply and demand. Interest rate increases will not help the inflation, and will just slow down the economy.
injinji
Well-Known Member
I had lost hope it would pass. Was a real surprise that they got it done.
HGCC
Well-Known Member
I honestly think they need to go back to 3-5%, these super low rates are just propping up the stock market and enriching the already rich that can take advantage. The zero/near zero rates impact things far and wide and broke quite a bit of how the financial system worked and what feeds into retirement stuff.
injinji
Well-Known Member
It's been a while since banks were paying 1%. That is what we will see before anything bigger comes down the pike.
hanimmal
Well-Known Member
Id like to see a lot more local manufacturing/ag businesses open up to ease the supply chains before that personally.
The biggest issue (that I am not sure how large it is atm) is the adjustable rate mortgages that were big prior to the 08 recession. If people start seeing their house payments drastically increase with the interest rates adjusting upwards it would be pretty devastating.
How is your property values doing in relation to your savings?
Unclebaldrick
Well-Known Member
Why was Trump trying to raise oil prices in summer of 2020 by getting the Russians and Saudis to cut production?
HGCC
Well-Known Member
I dont really see it as doing much to spur actual business, business doesn't hire due to an extra few percent, it goes into the owners pocket. Rates have been what they are for more than 10 years, it hasn't really done that. But hey, stock markets high.
Three Berries
Well-Known Member
You got a link? I'd tell you what I really think but would probably get locked out of this thread.
CunningCanuk
Well-Known Member
Anyone who doesn’t live in your propaganda bubble knows this.
UncleBuck
Well-Known Member
ive got a link to your mom doing hardcore pornography with horses
Roger A. Shrubber
Well-Known Member
https://www.wsj.com/articles/trump-putin-saudi-crown-prince-scramble-to-fix-oil-markets-11586523939
https://www.politico.com/news/2020/04/13/trump-crude-problem-america-oil-jobs-184374
https://www.bbc.com/news/business-52264546
https://www.washingtonpost.com/business/2020/04/08/oil-price-war-coronavirus/
here you go buttercup, suck it up....i always post at least 4 links so you can't accuse me of cherrypicking, or using all left wing sources...the first link is from the wall street journal, owned by trumps butt buddy rupert murdoch
i was getting ready to add a line about your cranio-rectal inversion...but i actually want you to open your eyes, start trying to confirm the things you see on oan, on newsmax, on fox...my guess is that you won't be able to, because they either flatly make shit up, or they selectively edit to make things seem like they aren't....
you call most of us idiots, and claim we listen to lies from the "liberal media"...i don't believe anything from a single source.
i use forbes, the AP, reuters, the bbc, npr, the washington post, the guardian, the hill, WSJ....i never trust a single source...
try it, it may open your eyes
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Roger A. Shrubber
Well-Known Member
oohh, share plz?
UncleBuck
Well-Known Member
hanimmal
Well-Known Member
Im not saying it will spur business, I think that the problems with the production lines over the last few years (even Trump's closing of the border threats and auto manufacturers were an issue) is what will cause newer local industries to get rebuilt.
Higher interest rates would do more to stop that than lower rates would spur it.
But I am not too worried about it one way or the other since the Fed doesn't screw around and has teams of economists looking through every scrap of data and running models to figure out what will be the best practices for them to follow. And really don't see them pulling a Volker/Reagan and tanking the economy to stop inflation.
Unclebaldrick
Well-Known Member
Yes. Because it was news. Now go Google some shit. It occurred in April - June, 2020.
I don't care what you really think. I know you well enough to know that the facts won't change your mind. I've been thinking a lot about the differences, if any, of one who knows better and tells lies and an idiot who lacks the capacity to understand that their worldviews is built on lies. Right now my thinking is that it doesn't functionaly matter.
I'm just here pointing out that you belong to one of the above groups.
it was done the old way true negotiating..the way they did in Lincoln's time..the way it's supposed to be done.
injinji
Well-Known Member
All of my land is family land. Even the 23 acres with the riverhouse we bought used to be my aunt's. So I would never sell any of it out of the family. I will most likely leave it to my great niece and nephews. (they are too young to have pissed me off, so we will see what happens when they grow up) Values really don't matter unless you are looking to sale.
The last couple three years have been rough on savings. In relation to inflation, we are losing money. But more importantly, since I've only been working one day a week for the last two years, we are not actively saving new money. I'm a couple of months away from 61, so these years should be used to pad my nest. My wife's retirement is golden, so as long as she is alive we will be fine. (that is why I am able to work one day a week)
hanimmal
Well-Known Member
You could always take out a loan though if you got an opportunity/emergency though right?
It is not just the one time sales that benefit people from owning land.
injinji
Well-Known Member
Yes, we could get a lone if needed. But we live within our means, so unless something major comes down the pike, I don't see this happening.
Our biggest concern is my wife has a disease that effects her mobility, and it will progressively get worse as she gets older. If she had to go into a nursing home all our plans would be thrown out the window. We have talked about the possibility we may have to divorce to save the farm. Look back period is up to 7 years for Medicaid. You can protect your house, but other properties can be taken to pay for your care.