The inflation shoe drops..........THUD!

[NavigatorII]

Contracts on each of the S&P 500, Dow and Nasdaq pulled back. The move lower came after a hotter-than-expected print on consumer price inflation Tuesday morning. The Labor Department's headline consumer price index rose 0.9% in June over the prior month, unexpectedly accelerating from May's 0.6% rise. Over last year, the CPI was up 5.4%, also exceeding the 4.9% increase expected and coming in at the fastest pace since 2008. And excluding more volatile food and energy prices, CPI was up 4.5% in June over last month, comprising the biggest jump since 1991 as prices bounced off last year's pandemic-depressed lows.

 

[gator1776]

Tick tock
Tick tock
Tick tock

 

[NavigatorII]

Tick tock
Tick tock
Tick tock

I think Wall Street is doing their usual "ah gots the vapas" routine. With inflation showing it's ass, the market and real estate valuations will eventually keep on trucking until there is a complete monetary collapse. There's no where else to park "value". But the crash will be ugly AF, considering the path the Dimtards are hell bent for:

Love, Venezuelan Style

 

[gator1776]

I think Wall Street is doing their usual "ah gots the vapas" routine. With inflation showing it's ass, the market and real estate valuations will eventually keep on trucking until there is a complete monetary collapse. There's no where else to park "value". But the crash will be ugly AF, considering the path the Dimtards are hell bent for:

Love, Venezuelan Style

Hell might as well pay $1 million for a house because your dollars worth about $.10 so you’re paying 100,000 for it.

 

[NavigatorII]

How many might as well pay $1 million for a house because your dollars worth about $.10 so you’re paying 100,000 for it.

The FED is eventually going to have to jack rates up, they'll have no other choice. They've been tip toeing around this for 2 years, starting with the Wu Kung Flu spending. When they do, shit meet fan.

 

[gator1776]

The FED is eventually going to have to jack rates up, they'll have no other choice. They've been tip toeing around this for 2 years, starting with the Wu Kung Flu spending. When they do, shit meet fan.

A lot of people are going to be upside down in their houses. That is why I decided not to buy anything right now even though I was in the market I’m waiting for the sump and I’ll come in with some cash and see if I can get a deal. Who knows

 

[fatman76]

How many might as well pay $1 million for a house because your dollars worth about $.10 so you’re paying 100,000 for it.

Now is the time when debt is good, for sure.

Hang on to those overdrawn credit cards folks, uncie Biden is coming to the rescue.

 

[fatman76]

A lot of people are going to be upside down in their houses. That is why I decided not to buy anything right now even though I was in the market I’m waiting for the sump and I’ll come in with some cash and see if I can get a deal. Who knows

It's all relative. In December we sold our house we bought in 2011 and made a (low) six figure profit on. Of course the house we bought was overpriced, but that was funded with the funny money from the sale of my old house, so the debt load was about the same...and the interest rate was much, much lower.

It's a REALLY bad time to upsize, but if you're making a lateral move it's ok.

 

[BCSpell]

Inflation Soars 5.4 Percent, Biggest Jump Since 2008

Prices paid by U.S. consumers surged in June by the most since 2008, topping all forecasts and showing higher costs associated with the economy's reopening continue to fuel inflationary pressures.

www.newsmax.com

 

[GhostOfMatchesMalone]

Now is the time when debt is good, for sure.

Hang on to those overdrawn credit cards folks, uncie Biden is coming to the rescue.

So you're saying this is why the dems here voted for Hiden?

I see Sarah from Accounts Receivable nodding behind you.

 

[GhostOfMatchesMalone]

Inflation Soars 5.4 Percent, Biggest Jump Since 2008

Prices paid by U.S. consumers surged in June by the most since 2008, topping all forecasts and showing higher costs associated with the economy's reopening continue to fuel inflationary pressures.

www.newsmax.com

2008 is when we had another establishment hack president who was about to hand off to another establishment hack president.

Thank goodness the dems put a stop to all this peace and prosperity we were enjoying under President Trump!

 

[nail1988]

@BSC911 told me this was on temporary 2 months ago?

RAT RUN #FAKNEWS Media Admit Inflation Is Rising with ‘Wild Price Hikes’ for ‘Everything’​

Media Admit Inflation Is Rising with 'Wild Price Hikes' for 'Everything'

The establishment media have begun to admit inflation is causing "wild price hikes" for "everything" under the Biden administration.

www.breitbart.com

 

[fatman76]

@BSC911 told me this was on temporary 2 months ago?

RAT RUN #FAKNEWS Media Admit Inflation Is Rising with ‘Wild Price Hikes’ for ‘Everything’​

View embedded media

Media Admit Inflation Is Rising with 'Wild Price Hikes' for 'Everything'

The establishment media have begun to admit inflation is causing "wild price hikes" for "everything" under the Biden administration.

www.breitbart.com

I work for a manufacturer. You would think I was lying if I told you the increases we are seeing right now. It’s unsustainable.

 

[BCSpell]

We are a family of 5 and our food bill for the week has already jumped about $40 to $50.

 

[NavigatorII]

I work for a manufacturer. You would think I was lying if I told you the increases we are seeing right now. It’s unsustainable.

I'd believe you. I'm on another forum where there are tradesmen of about anything you can think of, someone there does it. They are all saying the same thing. They can't give out firm quotes more than a week out, and even that is subject to price increases if items are backordered........which more often the case than not.

 

[fatman76]

I'd believe you. I'm on another forum where there are tradesmen of about anything you can think of, someone there does it. They are all saying the same thing. They can't give out firm quotes more than a week out, and even that is subject to price increases if items are backordered........which more often the case than not.

And my company supplies some of these tradesmen. It's not our fault, we're hurting.

 

[NavigatorII]

And my company supplies some of these tradesmen. It's not our fault, we're hurting.

Entire supply chains are broken, .Gov continues to pay people more than they made going to work. And I really can't say I blame the recipients who balk at going back to work. They are acting on their individual micro-economics instincts rooted in capitalism.......for them it's a business decision.

 

[EvilWayz]

We are a family of 5 and our food bill for the week has already jumped about $40 to $50.

Mines jumped from 55ish to 80. For the month.

 

[jfegaly]

Mines jumped from 55ish to 80. For the month.

Spam logs have gone up that much?

 

[gator1776]

Spam logs have gone up that much?

Almost as much as his Vienna sausages

 

[EvilWayz]

Spam logs have gone up that much?

*shudders*

 

[EvilWayz]

Almost as much as his Vienna sausages

There's an MRE with those in them. If you heat them up and use the whole bottle of Tabasco, they're palatable.

 

[BillCutting4585]

@BSC911 told me this was on temporary 2 months ago?

RAT RUN #FAKNEWS Media Admit Inflation Is Rising with ‘Wild Price Hikes’ for ‘Everything’​

View embedded media

Media Admit Inflation Is Rising with 'Wild Price Hikes' for 'Everything'

The establishment media have begun to admit inflation is causing "wild price hikes" for "everything" under the Biden administration.

www.breitbart.com

This is when their hysteria ramps up

 

[BCSpell]

Sen. Lankford to Newsmax: Current Inflation Is Not 'Transitory'

Sen. James Lankford told Newsmax that the current state of inflation under President Joe Biden is "not transitory." In other words, it's here to stay. "The additional money that was paid out by the federal government...

www.newsmax.com

 

[BCSpell]

Despite lumber price plunge, high prices here to stay: experts

Homebuilders are not out of the woods just yet despite lumber prices plunging off historic highs and into negative territory for the year.

www.foxbusiness.com

 

[BCSpell]

Ernst, GOP senators blast 'Bidenomics' for spinning out of control: 'that price ... it just isn't right'

FIRST ON FOX: A group of GOP senators led by Sen. Joni Ernst, R-Iowa, plans to blast "Bidenomics" during a speech on the Senate floor Wednesday afternoon focused on how Biden's proposed $3.5 trillion spending bill will harm hardworking Americans and contribute to "nationwide sticker shock."

www.foxnews.com

 

[nail1988]

What’s this?

@BSC911 told us this was temporary ?

The Vegetable Administration Admits There Will Be ‘Several More Months Of Rapid Inflation’​

Biden Administration Admits There Will Be ‘Several More Months Of Rapid Inflation’

The Biden administration admitted on Thursday that there will be “several more months” of major inflation spikes as the overwhelming majority of Americans are worried about rising prices. “We will have several more months of rapid inflation,” Treasury Secretary Janet Yellen said. “So I’m not...

www.dailywire.com

 

[Mdfgator]

Just the tip.

 

[goldmom]

Yay my SSI check will go up. 🤯

 

[GhostOfMatchesMalone]

I work for a manufacturer. You would think I was lying if I told you the increases we are seeing right now. It’s unsustainable.

Didn't @BSC911 tell us runaway inflation was a sign of Hiden's economy taking off?

 

[instaGATOR]

Inflation = Tax Increase

It's just stealing your money is a different way.

Politicians and bankers working hand-n-hand against the peasants/slaves....

 

[Mdfgator]

Didn't @BSC911 tell us runaway inflation was a sign of Hiden's economy taking off?

It's unlikely you get runaway inflation, at least in the short to intermediate term, and I seriously doubt the guy said that. This is from trumps largess, Biden's continuing trumps work. Just the tip,

 

[instaGATOR]

It's unlikely you get runaway inflation, at least in the short to intermediate term, and I seriously doubt the guy said that. This is from trumps largess, Biden's continuing trumps work. Just the tip,

Yeah, like Trumps work on the Southern Border Wall.
And the Economic Zones for minorities.
And the long term funding of traditionally Black colleges.
And the 4 Abraham Middle East Peace deals.
And American Energy Independence.
And rebuilding the Military.
And,,,, well you get the idea,,, (prolly not).

 

[Mdfgator]

Yeah, like Trumps work on the Southern Border Wall.
And the Economic Zones for minorities.
And the long term funding of traditionally Black colleges.
And the 4 Abraham Middle East Peace deals.
And American Energy Independence.
And rebuilding the Military.
And,,,, well you get the idea,,, (prolly not).

What wall, he had 4 years, no wall. Didn't like the opportunity zones, did he fund white colleges too? Will be no peace in the Middle East, religious people are crazy, we were energy independent for a year due to him shutting country down don't know what rebuilding the military means, nor do you. Trump was a raging fiscal lib, not my cup of tea. You keep cheerleading and buying his bullshit though.

 

[instaGATOR]

Who constantly fought against the wall while Trump was in the WH?
Who stopped the wall the first day as the fraud President?

So, your type instead loves the Vegetable and the Ho instead?
Nuff-said....

 

[NavigatorII]

Who constantly fought against the wall while Trump was in the WH?
Who stopped the wall the first day as the fraud President?

So, your type instead loves the Vegetable and the Ho instead?
Nuff-said....

The Biden administration has proposed more money to be given to Pakistani gender studies than border protection. Vegetable in Chief!

 

[BCSpell]

 

[NavigatorII]

Hark! Is that MDF'er? 😂

 

[nail1988]

years of inflation ? @BSC911

‘Biden’s America’: Economists Issue Warning For Americans To ‘Brace Themselves’ For Years Of Inflation Not Seen In Decades, Report Says​

‘Biden’s America’: Economists Issue Warning For Americans To ‘Brace Themselves’ For Years Of Inflation Not Seen In Decades, Report Says

A new report on Sunday highlighted concerns from top economists about the impacts of Democrat President Joe Biden’s massive government spending. “Americans should brace themselves for several years of higher inflation than they’ve seen in decades, according to economists who expect the robust...

www.dailywire.com

 

[skybsbll]

What wall, he had 4 years, no wall. Didn't like the opportunity zones, did he fund white colleges too? Will be no peace in the Middle East, religious people are crazy, we were energy independent for a year due to him shutting country down don't know what rebuilding the military means, nor do you. Trump was a raging fiscal lib, not my cup of tea. You keep cheerleading and buying his bullshit though.