Posted on 02/13/2024 8:09:05 AM PST by davikkm
Just as confidence grew that inflation was tamed, it rears its head again, sending shockwaves through the markets. The Dow Jones takes a nosedive of more than 400 points following January's inflation report, which significantly surpassed expectations.
Economists find themselves puzzled as both Core CPI and headline CPI register higher than anticipated for the second consecutive month. The unsettling reality extends beyond these headline figures, with inflation soaring in essential areas:
Car Insurance Inflation: 20.6% Transportation Inflation: 9.5% Hospital Services Inflation: 6.7% Car Repair Inflation: 6.5% Homeowner Inflation: 6.2% Rent Inflation: 6.1% Food Away From Home Inflation: 5.1%
(Excerpt) Read more at citizenwatchreport.com ...
Inflation never went away, the Feds just play with the numbers to their liking....as is the case for the past several decades. Most Americans continue to get poorer and saddle their children and grandchildren (and great grandchildren) with debt that will never be paid. And then the implosion. Won’t be pretty. Actually very ugly. The old America is gone and not coming back. Welcome to the turd world, America.
“There’s an infinite amount of cash at the Federal Reserve”
Kind of is since it’s all 1s-and-0s now.
Betting against the DNC machine is just as dangerous as knowing the market should go down.
Yep, if you run the printing presses 24/7 ad infinitum...and the purchasing power diminishes accordingly.
Car Insurance Inflation: 20.6%
must be all the new illegal drivers bidumb is letting in.
Here is what you wrote..
"Strange statement when desire that people feel the pain of losing their investments."
Put the crack pipe down...TG. It aint WACO anymore.........
America misses $1.80/gal and no inflation.
That was my explanation: Liberal media spin (lie) vs real news, as sad as it unfortunately is.
The Dow is declining because of the Ukraine debt that McConnell and Schumer just committed the US to.
“And my personal favorite “Pay off all your debts ASAP!” -so when the value of the currency approaches a grain of sand you wont owe any. Smart.”
If the currency devalues that debt will only worth a few grains of sand and can be paid off with loose change.
Now you can just wait it out until the government forgives the debts.
Printing money to pay your bills and showing no signs of slowing down well the stockmarket knows
“Car Insurance Inflation: 20.6%”
Goes up 50 bucks more every six months for me.
My guess is that EV’s have a lot to do with it. They cost way more and do more damage in an accident. And they get totaled with even the slightest battery damage.
“..My hatred of insurance companies knows few boundaries. There are a few decent ones out there (like USAA), but the rest are a bunch of utter scum..”
Understand that almost all insurance rates are set and regulated by State Insurance Commissions. So, if there is a problem, it is really with the State regulators, which are either headed by appointed or elected officials (AKA political hacks).
“My guess is that EV’s have a lot to do with it. They cost way more and do more damage in an accident. And they get totaled with even the slightest battery damage.”
EV’s are less than 1% so now way can they have a large effect.
“The Dow is declining because of the Ukraine debt that McConnell and Schumer just committed the US to.”
Dec # was 3.4
Came in today as 3.1 BUT analysts expected 2.9.
The regulators come from the insurance industry, or they are looking forward to joining the industry they finish their service on the commission. is self regulation, without being so from a technical point of view. So I still hate the bastards.
“EV’s are less than 1% so now way can they have a large effect”
I believe it is a bit above 1% not significant in it’s self. But by market it can be. I live in So. Kal. and white Tesla’s are everywhere. It could well be 4-5% of the cars on the road.
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