Fogbow

tek wrote: ↑Mon Jul 04, 2022 3:39 pm I hope she's getting seriously dragged for that..

I’m told it was deleted.

But...increasing the minimum wage is what drives inflation, right?

Moar: https://neverleave.substack.com/p/75-of ... eholds-say

That spike at the end looks like trumpian tax laws in effect.

According to GasBuddy, gasoline costs $3.99/gal today at the Costco I fill up at. Yay!

I don't mind multiple threads (and have created a few duplicate ones by accident), but at least so I know should I wish to post:

Is there difference between this Inflation thread, and the Inflation Nation thread?

I left the comment in this thread since it is newest and much shorter, should the overlord wish to combine (which he may or may not due according to his wisdom and time, and I'm fine with that).

Ive had people start saying "That's nice now $1.99 to go" in response to dropping gas prices.

Suranis wrote: ↑Mon Jul 25, 2022 1:49 pm Ive had people start saying "That's nice now $1.99 to go" in response to dropping gas prices.

You have to compare the maximum price under Biden to the minimum price under Trump to get a fair comparison.

I don't put enough miles on my car in a year for the price of gas to be a major issue for me, but I feel so sorry for my recent college graduate nieces who have fairly long commutes for their jobs. The two with the long commutes will be moving later this year when one gets married, so they'll be closer to their jobs. Then they'll just have to contend with the rise in rental rates. (As someone who had a 14% mortgage when we bought our first home in 1980, I really, really sympathize with young people today. Inflation sucks! )

Rental rate increases are insane in the markets I follow, and will not be able to be absorbed by many people. I’m regularly seeing 35-45% YEARLY increases, which is just not sustainable. People are going to be hurting.

I had a real estate license when I lived in Virginia. I never sold a single house though. When I began the course interest rates were at around 7-9%. By the time I got my license they were at almost 15%. The Realty World office that hired me was in McLean where, at the time, most lots were 5+ acre estates and mansions.

Then I moved to California at the moment when real estate was beginning to be totally insane. 100 offers on a house in one day, the last one double what the first one was. Homeowners holding auctions on their front lawns. I decided not to pursue another license.

Our younger daughter and SIL in Dallas had been hoping to buy a home this year or next but have been priced out of the market for now.

On the plus side their jobs are getting better with significant salary increases.

Our daughter is now doing vocal captioning. She watches a live event (sports, news,etc) and with AI assistance adds closed captions in real time. Big demand for that now. Her employer has told her to expect a busy Autumn. College and high school sports. Political rallies. Concerts. They have had her training for additional types of events this summer.

Costco gas is now $4.89. It had been $5.79 or $5.89 - I forgot what it was.

That's a big drop! Gasoline is always high in Hawaii, so I don't freak out about it.

Suranis wrote: ↑Mon Jul 25, 2022 1:49 pm Ive had people start saying "That's nice now $1.99 to go" in response to dropping gas prices.

Also, too.

northland10 wrote: ↑Mon Jul 25, 2022 1:47 pm I don't mind multiple threads (and have created a few duplicate ones by accident), but at least so I know should I wish to post:

Is there difference between this Inflation thread, and the Inflation Nation thread?

!	Message from: Foggy
	When you are suggesting that I merge some duplicate threads - a thing I am very willing to do - it helps to give me a link to the thread that needs to be merged. I shall now search for the Inflation Nation thread. Thank you for your support!

“US economy shrinks again sparking recession fears”:
https://www.bbc.co.uk/news/business-62310355

“The US economy has shrunk for the second quarter in a row, a milestone that in many countries would be considered an economic recession.
That is not the case in the US, which uses additional data to make that call.
But the contraction, at an annual rate of 0.9% in the three months to July, has drawn widespread attention as worries about the economy grow.
Prices for groceries, petrol and other basics are rising at the fastest pace since 1981.”

My investment accounts. Interesting timeline.

Similar to mine -

Looks to me that #45 needs to revise the claim that economy was bestest under his reign

I'm sure he'll get right on it.

Predatory dealer markup, eh?