Prices are outrageous for everything

I guess "the economy" is whatever people want it to be. 🙄

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They had burrowed so deep this time. It was let them have it ALL forever, or destroy their Nest, again.
So It Was Existential !

Don't worry according to lefties, Camela is gonna fix shit and get it done !

Next up... FED rate cut. 🤞

So, I guess it'll be Camela's doing that it evens out? Cause Prices are never going to go down, unless we flood the market with goods. That means cutting regulation quotas on farmers and we all know Dems with NEVER cut regs.

Ya prices (except gas, flatscreen TVs, computer memory, and possibly a few other items) generally will probably not go down. The FEDs stated goal is 2% inflation. Every year.

Prices going down (deflation) is actually seen as far worse than inflation (economically). It is generally associated with economic decline/ the great depression.

I am just hoping the rate of inflation continues going back down towards the less noticeable 2% versus what we saw coming out of the pandemic.

Whether or not anything will be Kamala's doing as far as inflation I guess depends.

Will she get elected? Will she keep Trump's guy, Jerome Powell, as chairman of the FED ? Do you play the "it happened under president ______ " game? Will there be another pandemic? Will govt spending skyrocket again as it did in 2020?
Who knows.

Ugh I hate when I agree with you , but those are the questions that can't be answered until it happens. The things you mentions prices could go down if we mass produced them, even gas can come down if we cut production regulations, even if its only short term to give people a breather from the prices. I got a bunch of cash tied into commodities , I thinkyou mentioned something of the sort as well, so smart investing is what everyone should be doing with any extra cash they have now. Silver is only at 28 bucks an ounce , but its estimated to go up to 50 by 2025.

Sure ..if we mass produced stuff (and the amount produced exceeeded demand) prices would probably go down.

Contrary to what some might think we have been producing a record amount of oil. And that seems to have led to decreasing gas prices. It might not last but it's cool for now.

Ya I did own some silver stonks aka "paper silver" but I cashed out already. Oil stocks too.... With inflation coming down I would be somewhat skeptical of precious metals. But I have definitely been wrong before.

So far I am happy with my Pfizer (PFE) buy though. 🤑

The silver in solar panels and solid state electric car batteries is going to push the price up on silver. Also clean energy regulations, and Silver in AI production is critical. Keep your eyes on it, I think its gonna spike in the next few years bigly. ;)

There is an argument to be made for Silver stonks based on usage in products (beyond jewelry)... but.... if trump wins, I am not sure he and repubs will exactly be on board with the "clean energy regulations" you're talking about.

So if your time-frame is looking at the next few years, that would seem to add some level of uncertainty to that trade. But as I said idk, I could be wrong. Good luck though 👍

Thanks , silver has been good to me. I wish i could have gotten in on the ground floor of Amazon, it started at $0.54 in 2001 and it closed today at $194 and change.

Amazon would've been cool but you would've kind of had to have a 6th sense for that one. I mean seriously... a website... that exclusively sells books? Who could've known that it would turn into what it is now?

But ya it has had quite the ride. Besides the price going up and up, the stock has also apparently split 4 times..... ( 2:1, 3:1, 2:1, and 20:1 ) so if my math is correct and you originally got in with 100 shares, you would now have 24,000 shares. 🤑

When you raise inflation by over 100% and then drop it 20%, it's not really going down.

I don't know what you are buying that is now 80% more expensive than it was in 2020 but I think you might be getting ripped off there buddy.

Gas? Groceries? My electric bill is 3x as high now.

Gas
July 2020 avg $2.272
July 2021 avg $3.231
July 2022 avg $4.668
July 2023 avg $3.712
July 2024 avg $3.600

80% higher than the July 2020 average price would be $4.09.... So as I said if you're paying 80% more, you're getting ripped off.

And that isnt even considering that oil tanked in 2020 due to the lack of demand/covid lockdowns, so gas prices were generally cheaper than they normally would have been.

Grocery prices on the other hand, did not tank in 2020 so if you are paying 80% more for groceries you are REALLY getting ripped off.

Not sure why your electric bill tripled but maybe you're getting ripped off there as well.

Not to mention per barrel prices at one point in 2020 were in the negatives due to oversupply and lack of demand, and Trump convinced Russia and the Saudis to cut production in order to boost the price of oil, which, as we all can see, worked quite well,,,

After he topped off the national reserve, which Biden then gave away.

Fake Trump news.

In fact, when Trump entered office in 2017, it was at 695 million barrels. When he left, it was down to 638 million barrels.

The most it ever had was under Obama in 2010.

Weekly but it has years. Where did you dig up this fake chart?

Out by I-85.

Sorry, no. I'm talking about comparing Trumps gas to Bidens.

Those were average gas prices in the US over a 5 year span.

Welcome back!!!!!

Thanks, will post every once in a while.

You're back :D

Good morning to you.

ty

There is no inflation. Even if there was inflation it's not because of deficit spending. It's because of corporate greed. Somehow it's Trump's fault.

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Hello, nice to be back. I will post once in a while.