How you know there is more inflation to come:

[aix_xpert]

Home prices surged in November, but at a slower rate than in October, S&P Case-Shiller says

Even as the housing market entered its traditionally slower season in November, home prices showed big gains from a year ago.

www.cnbc.com

see 20% annualized home value growth...

Consumer Price Index Summary - 2024 M08 Results

www.bls.gov

see 4.5% annualized rent equivalent growth

You can't have one component that makes up 30% of the CPI only reflect 20% of the actual asset inflation. Even if home values start to level out with higher interest rates, you'll have 3-4 years of Rent Equivalent costs to catch up to the existing property value inflation, and as 30% of CPI, that creates a very stubborn floor over the next 18-36 months for the CPI index.

 

[Red Phoenix]

Inflation is definitely bad right now. I cringe everytime I go shopping!

I hope they get it under control soon.

 

[aix_xpert]

Inflation is definitely bad right now. I cringe everytime I go shopping!

I hope they get it under control soon.

I do too. But even if they do, they can't control the narrative on it. If everything magically reverted back to 2% inflation starting tomorrow, the CPI over the next 18 months is still going to be 3.5-4%, because rents will eventually rebalance to property values.

 

[Red Phoenix]

I do too. But even if they do, they can't control the narrative on it. If everything magically reverted back to 2% inflation starting tomorrow, the CPI over the next 18 months is still going to be 3.5-4%, because rents will eventually rebalance to property values.

I don't care about the narrative. I just want to see it come down and our economy be successful.

 

[Bitter Creek]

Pilt needs to post some graphs showing how printing $3.5T increases the value of the dollar

 

[22LR]

Inflation is definitely bad right now. I cringe everytime I go shopping!

I hope they get it under control soon.

Store prices are nothing compared to what it’s doing to my liquid assets. Money is flying out the window daily through lost value. There is no sure fire hedge against inflation out there.

The gubment loves inflation. It cheapens the debt.

 

[2012Bearcat]

My son brought over some sirloins he took out of his freezer that he bought at Costco a while back. The price tag was still on them, 4 1-inch-thick sirloins were $24. Can't touch those now for less than $60.

 

[2012Bearcat]

Store prices are nothing compared to what it’s doing to my liquid assets. Money is flying out the window daily through lost value. There is no sure fire hedge against inflation out there.

The gubment loves inflation. It cheapens the debt.

Inflation is hurting everyone but it's really hurting the poor and middleclass.

 

[Red Phoenix]

My son brought over some sirloins he took out of his freezer that he bought at Costco a while back. The price tag was still on them, 4 1-inch-thick sirloins were $24. Can't touch those now for less than $60.

I don't doubt it. Inflation is a big problem right now.

I'm sure, like me, you and your son will be thankful when it gets fixed. We won't have to cringe when we go shopping!

 

[2012Bearcat]

I don't doubt it. Inflation is a big problem right now.

I'm sure, like me, you and your son will be thankful when it gets fixed. We won't have to cringe when we go shopping!

My focus now is what kind of country we leave for our kids and grandkids. My wife and I have made our lives and are pretty much set for our future, it's the kids I worry about.

 

[JimmyBob]

Inflation is hurting everyone but it's really hurting the poor and middleclass.

Meh, just collateral damage per the dims.

 

[squeak]

You’re number 1, Brandon.

 

[Red Phoenix]

My focus now is what kind of country we leave for our kids and grandkids. My wife and I have made our lives and are pretty much set for our future, it's the kids I worry about.

Fully agree. Which is one reason I want to see inflation come down and a strong exonomy. I'm sure it will, I just hope it happens sooner rather than later.

 

[Bitter Creek]

My son brought over some sirloins he took out of his freezer that he bought at Costco a while back. The price tag was still on them, 4 1-inch-thick sirloins were $24. Can't touch those now for less than $60.

I was thinking just this past weekend about how blessed we are that almost everyone in my immediate family has a freezer full of grass fed beef

 

[Bitter Creek]

Inflation is hurting everyone but it's really hurting the poor and middleclass.

Last fall I started buying stock in dollar general and dollar tree based on what you just typed

 

[Medic007]

Last fall I started buying stock in dollar general and dollar tree based on what you just typed

Oh I don't think those stores exist any longer. I think they've been replaced with 2 Dollar General and 2 Dollar Tree.

 

[Sunburnt Indian]

I'm still stunned. My Planter's can of Spanish legumes has been stuck at $3.18 forever at Walmart. My sausage, egg and cheese biscuit at Whataburger at $3.45. I keep watching for a price hike but it doesn't come.

 

[JimmyBob]

You’re number 2 Brandon.

Fify.

 

[Medic007]

Fify.

Especially when he's visiting the Pope...

 

[iasooner2000]

Burnt you can get a better breakfast sandwich cheaper and great quality at Braum’s, provided you are in their radius from Tuttle.
It goes as far North as South KC so I am deprived (except for my black market of eggnog in the freezer awaiting my retrieval)

 

[JimmyBob]

my black market of eggnog in the freezer awaiting my retrieval)

Rule 1 and the only rule is you don't freeze eggnog! Here's how to "preserve" it:

Jones' Killer Eggnog

1 gal. commercial eggnog mix (we use Braum's)
2 1/2 C. bourbon
1 2/3 C. rum
1 2/3 C. brandy

Store upright in a glass bottle (empty booze/wine bottles work well). The booze
will come to the top and "seal off" the eggnog so it doesn't spoil. Done properly,
this will last indefinitely. We have a bunch of "aging" eggnog in garage frig. now.

Note: The oldest batch we've ever had was aged seven years. The taste does
get better with age!

 

[Sunburnt Indian]

Burnt you can get a better breakfast sandwich cheaper and great quality at Braum’s, provided you are in their radius from Tuttle.
It goes as far North as South KC so I am deprived (except for my black market of eggnog in the freezer awaiting my retrieval)

I don't have a Braum's. Wendy's sandwich is okay at $3.24. Excellent when they put it on 2 week special at $1.08.

 

[2012Bearcat]

I don't have a Braum's. Wendy's sandwich is okay at $3.24. Excellent when they put it on 2 week special at $1.08.

We have a Braums down off 377 in Benbrook. I take my grandson there after his swimming lessons at the YMCA to get ice cream.

 

[07pilt]

Home prices surged in November, but at a slower rate than in October, S&P Case-Shiller says

Even as the housing market entered its traditionally slower season in November, home prices showed big gains from a year ago.

www.cnbc.com

see 20% annualized home value growth...

Consumer Price Index Summary - 2024 M08 Results

www.bls.gov

see 4.5% annualized rent equivalent growth

You can't have one component that makes up 30% of the CPI only reflect 20% of the actual asset inflation. Even if home values start to level out with higher interest rates, you'll have 3-4 years of Rent Equivalent costs to catch up to the existing property value inflation, and as 30% of CPI, that creates a very stubborn floor over the next 18-36 months for the CPI index.

That's not how it works

 

[07pilt]

Inflation is hurting everyone but it's really hurting the poor and middleclass.

This isn't true

 

[Corndog2021]

I don't have a Braum's. Wendy's sandwich is okay at $3.24. Excellent when they put it on 2 week special at $1.08.

Mickey Ds in Sherman 6$ plus for a
Sammich and a small
Drink.....Whataburger still $5.40'ish here- gonna have to start eating at home more 😬

 

[Corndog2021]

I think fast breakfast hijacked the thread thus far

 

[2012Bearcat]

This isn't true

It isn't? Be sure and have Democrats include that in their platform, I'm sure the poor and middleclass will love it.

 

[07pilt]

It isn't? Be sure and have Democrats include that in their platform, I'm sure the poor and middleclass will love it.

It isn't. Inflation is good for debtors and bad for creditors. Have you had a salary negotiation in the last year?

Where exactly do you think the extra money from higher prices goes?

 

[Sunburnt Indian]

It isn't? Be sure and have Democrats include that in their platform, I'm sure the poor and middleclass will love it.

I know legions of minorities. Those poor stiffs need to be educated. They think their suffering by higher beef patty and gasoline prices.

 

[iasooner2000]

Note: The oldest batch we've ever had was aged seven years. The taste does
get better with age!

Sounds great. I’ve never had a problem with frozen plastic jugs of Braum’s Nogg but can see how your method would be better. Sometimes I blend it when it’s thawed but it’s always far better than anything available locally

 

[07pilt]

I know legions of minorities. Those poor stiffs need to be educated. They think their suffering by higher beef patty and gasoline prices.

Yes please tell them about the job market.

 

[JimmyBob]

Sounds great. I’ve never had a problem with frozen plastic jugs of Braum’s Nogg but can see how your method would be better. Sometimes I blend it when it’s thawed but it’s always far better than anything available locally

Just make sure it's stored in glass bottles; it goes bad in plastic.

 

[2012Bearcat]

Yes please tell them about the job market.

Well at least you didn't tell them to learn to code

 

[Medic007]

Yes please tell them about the job market.

Yeah, those fixed income retirees should get off their lazy asses and hit that job market.

 

[07pilt]

Yeah, those fixed income retirees should get off their lazy asses and hit that job market.

Or at least get a better financial advisor. We have SSI to keep people who make poor decisions like this from slipping into destitution.

 

[Sunburnt Indian]

Well at least you didn't tell them to learn to code

I heard Brandon claim creating 6 million new jobs in his first year on WBAP in Cow Town.

The female economist at ADP told us the 6 million jobs were people going back to work after China virus shut downs. Now who are we to believe? Let me guess.