In all the debate excitement, did I miss the excitement for this? We need to buy a new car by December, c'mon rate cuts.
No inflation last month
- Thread starter Marvin the Martian
- Start date
What are you in the market for? 69 mustang? 57 Chevy? Something you and your bride can cruise around btown in? Maybe pop the hood on a Saturday morning at sonic?
Marvin, it doesn’t matter much. It’s stopped rising after prices are through the roof. Who’s going to jump for joy when going the grocery store over the holidays.
Another big benefit of dumping Biden Harris and his goofball administration. The new Dem can distance himself from all that. Wasn’t me. Like a reset button. Just focus all energy on trump
Sonic closed down. Right across from Bloomington South and I guess they couldn't make hay. Sucks.
Car show is Thursday nights at Hardee's on the west side. 😄 Roll the Chevelle and the Olds over there on occasion.
How many items are they leaving out of the inflation equation? Energy, utilities, food? What has gone up that is going down? Unemployment soon to be going up in Indiana. Trailer factories in northern Indiana slowing down work 3 weeks off 2. Lots are getting full
Please tell me Night Moves is still around.
As strip clubs go, that place was sad. Surprising, considering the potential employee pool.
I'm looking to pick up a small RV at a fire sale when the recession hits.
The wife's car, hers is kaput. She wants an Outback as it appears I will spend my retirement kayaking.
It is...but it moved down south of town into an old laundromat. Right next to the Fellowship of Eagles.
I've never been in, but based on the number of cars in thwir lot, the Eagles seem to have picked up quite a few new members since their new neighbors moved in. 😄
I have a large RV client. They boomed under Trump. They’ve been feeling Bidenomics from quite some time.
Didn't their business go up during Covid? I know their business has been bad for a while, but I thought they went through a boom there about that time.
How did the Amish do during Covid? Did they have the number of cases as the rest of the country?
Good point. My guess is, they did better because they're more agrarian and outside more. I assume most don't smoke, which caused so many serious issues. But they would have gathered in homes and meeting houses for workship.
Great, but think of this:
2021: Inflation 4.7%, My (as a stand-in for any employed American) raise 3%
2022: Inflation 8.0%, My raise 3%
2023: Inflation 4.1%, My raise 3%
You see where I'm going with this. Even if we did 12 straight months of no inflation, I'm still not as wealthy as I was 4 years ago.
(Of course, this isn't true for me, because I'm boring, and I save everything, so I'm flush with cash, but overall, this is why Biden's economic arguments don't work.)
I am not at all disagreeing. My personal raises have been 2%, 2%, 3%. But BLS says raises have outstripped inflation for 12 consecutive months. Someone is doing better. Those are wages, so it would not include investor class.
The problem when the economy is turbulent is it tends to be uneven. At the same time some are going down, others are going up.
Average wages have surpassed inflation for 12 straight months
Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As...
www.epi.org
We're doing better this year. Not sure it's enough to make up for the three years prior.I am not at all disagreeing. My personal raises have been 2%, 2%, 3%. But BLS says raises have outstripped inflation for 12 consecutive months. Someone is doing better. Those are wages, so it would not include investor class.
The problem when the economy is turbulent is it tends to be uneven. At the same time some are going down, others are going up.
Average wages have surpassed inflation for 12 straight months
Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As...
In January 2021 I started at $10/hr. I'm now making $12.45. You can do the math.
Gotta have a few months to be a trend. I’m skeptical given the volatility.
An average of 7.5%/year. You're doing fine.
Can't wait for my next raise from @JamieDimonsBalls .
He’s just another rich Boomer.
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Reich is nothing more than a mouthpiece who doubles as a hack. Anyone with a little bit of common sense can understand that a lower inflation rate doesn't mean that costs are declining, but there are people who eat this type of stuff up.
Sure, groceries are still high
The Dow is at 39,775.72
Four years ago it was at 26,075
NASDAQ closed yesterday at 18,647
Four years ago it was at 10,617
Am I better off than I was 4 years ago? Absolutely. 401k / 403b / brokerage account savings have gone through the roof. Money invested is making way more money than any salary could match.
I live frugally and have long saved for retirement, along with saving for kid's colleges. Anybody who has been doing that is doing well.
But maybe you are young and haven't saved enough yet to have money to make money for you. I feel for you.
But if you are my age (60-ish) and feel that that you just have to lease the newest car, buy the biggest house that a bank will allow you to buy, eat out 3+ times a week, take all-inclusive 5-star resort vacations, etc. then maybe things aren't going so well. Likely somebody once advised you to not live like that.
The Dow is at 39,775.72
Four years ago it was at 26,075
NASDAQ closed yesterday at 18,647
Four years ago it was at 10,617
Am I better off than I was 4 years ago? Absolutely. 401k / 403b / brokerage account savings have gone through the roof. Money invested is making way more money than any salary could match.
I live frugally and have long saved for retirement, along with saving for kid's colleges. Anybody who has been doing that is doing well.
But maybe you are young and haven't saved enough yet to have money to make money for you. I feel for you.
But if you are my age (60-ish) and feel that that you just have to lease the newest car, buy the biggest house that a bank will allow you to buy, eat out 3+ times a week, take all-inclusive 5-star resort vacations, etc. then maybe things aren't going so well. Likely somebody once advised you to not live like that.
Progress. I am not saying things are great, just getting better.
And Biden will come in and/or the progressives and promise more money. And will F it up. Or trump will with tariffs/manufacturing etc. they can’t just continue to leave things alone
