Article

2021-05-13 Economy

Data Shows Massive Inflation Starting to Bite Middle-Class Hard

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Posted by Besoeker 2021-05-13 02:26|| || Front Page|| [7 views ] Top

#1 Yes Ethel, inflation can also be characterized as a TAX INCREASE.

Posted by Besoeker 2021-05-13 02:31|| 2021-05-13 02:31|| Front Page Top

#2 Ribeyes are so thin you can see thru them.

Posted by crazyhorse 2021-05-13 03:23|| 2021-05-13 03:23|| Front Page Top

#3 on the other hand,

The T-bond rates, while increasing, are still low by historic standards, about 1.7% for the 10-year and about 2.4% for the 30 year as of yesterday.

Posted by Lord Garth 2021-05-13 03:56|| 2021-05-13 03:56|| Front Page Top

#4 Compounding of interest aside, you mean to tell me over ten fucking years I'd make the equivalent of a dollar seventy for each $100? And $2.40 over 30 years? Give me a g.d. break.

Of course, since we have no true free market, such absurdities are allowed to flourish despite the extra trillions printed by the Fed going back to Dubya.

Posted by Clem 2021-05-13 05:12|| 2021-05-13 05:12|| Front Page Top

#5 A surefire way to get low earners interested in Marxist style redistribution.

Posted by M. Murcek 2021-05-13 08:51|| 2021-05-13 08:51|| Front Page Top

#6 Public policy for the past ten plus years has suppressed the rate for savings at banks and credit unions to minimal or non-existent levels. The old expectation of a 5% return on passbook savings as a conservative option for low-risk money evaporated long ago. Early policy explanations seemed at times to be transitory, but now, over a decade in, its clear that the expansive monetary policy was designed to drive money into the markets and real estate, and create the inflation solution to massive public debt (paying back older monetary value debt with more abundant and less valued inflationary recent fiat money). This is not going to end well...

Posted by NoMoreBS 2021-05-13 12:04|| 2021-05-13 12:04|| Front Page Top

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