Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Inflation Roars Back: Dow Jones Plummets Over 400 Points as Economic Concerns Escalate
Citizen Watch Report ^

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 ...


TOPICS: Business/Economy; Government
KEYWORDS: inflation; markets; stocks; unexpected
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-62 next last
To: davikkm

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.


41 posted on 02/13/2024 9:25:44 AM PST by john drake (Lucius Accius-Roman,170 BC - "oderint dum metuant" translated "Let them hate so long as they fear")
[ Post Reply | Private Reply | To 1 | View Replies]

To: packagingguy

“There’s an infinite amount of cash at the Federal Reserve”

Kind of is since it’s all 1s-and-0s now.


42 posted on 02/13/2024 9:26:13 AM PST by Justa
[ Post Reply | Private Reply | To 39 | View Replies]

To: Tom Tetroxide

Betting against the DNC machine is just as dangerous as knowing the market should go down.


43 posted on 02/13/2024 9:26:28 AM PST by eyedigress
[ Post Reply | Private Reply | To 2 | View Replies]

To: packagingguy

Yep, if you run the printing presses 24/7 ad infinitum...and the purchasing power diminishes accordingly.


44 posted on 02/13/2024 9:26:51 AM PST by john drake (Lucius Accius-Roman,170 BC - "oderint dum metuant" translated "Let them hate so long as they fear")
[ Post Reply | Private Reply | To 39 | View Replies]

To: davikkm

Car Insurance Inflation: 20.6%

must be all the new illegal drivers bidumb is letting in.


45 posted on 02/13/2024 9:29:06 AM PST by cableguymn
[ Post Reply | Private Reply | To 1 | View Replies]

To: TexasGator
LOL....

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.........

46 posted on 02/13/2024 10:02:03 AM PST by Osage Orange (I miss Rush)
[ Post Reply | Private Reply | To 40 | View Replies]

To: chief lee runamok

America misses $1.80/gal and no inflation.


47 posted on 02/13/2024 10:09:30 AM PST by bray (You can tell who the Commies fear.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Sequoyah101

That was my explanation: Liberal media spin (lie) vs real news, as sad as it unfortunately is.


48 posted on 02/13/2024 10:14:48 AM PST by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TThose look good)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Osage Orange
I recall the days when I almost made 10% on CD's
My first CD was 8.5%. I thought "Wow! This is great," not recognizing why it was 8.5%.
49 posted on 02/13/2024 10:17:27 AM PST by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TThose look good)
[ Post Reply | Private Reply | To 37 | View Replies]

To: davikkm

The Dow is declining because of the Ukraine debt that McConnell and Schumer just committed the US to.


50 posted on 02/13/2024 10:19:31 AM PST by Eva
[ Post Reply | Private Reply | To 1 | View Replies]

To: Justa

“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.


51 posted on 02/13/2024 10:30:01 AM PST by TexasGator
[ Post Reply | Private Reply | To 38 | View Replies]

To: TexasGator

Now you can just wait it out until the government forgives the debts.


52 posted on 02/13/2024 10:33:35 AM PST by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 51 | View Replies]

To: davikkm

Printing money to pay your bills and showing no signs of slowing down well the stockmarket knows


53 posted on 02/13/2024 11:05:58 AM PST by wild74
[ Post Reply | Private Reply | To 1 | View Replies]

To: davikkm

“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.


54 posted on 02/13/2024 11:07:15 AM PST by Revel
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ancesthntr

“..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).


55 posted on 02/13/2024 11:52:50 AM PST by Robert357
[ Post Reply | Private Reply | To 17 | View Replies]

To: Revel

“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.


56 posted on 02/13/2024 11:58:52 AM PST by TexasGator
[ Post Reply | Private Reply | To 54 | View Replies]

To: Eva

“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.


57 posted on 02/13/2024 12:14:18 PM PST by TexasGator
[ Post Reply | Private Reply | To 50 | View Replies]

To: Robert357

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.


58 posted on 02/13/2024 6:41:23 PM PST by Ancesthntr (“The right to buy weapons is the right to be free.” ― A.E. Van Vogt, The Weapons Shops of Isher)
[ Post Reply | Private Reply | To 55 | View Replies]

To: algore
Another factor to consider with all lines of insurance is that as other sectors of the economy decline there will also be an increase in insurance fraud.
59 posted on 02/13/2024 6:46:49 PM PST by Joe 6-pack
[ Post Reply | Private Reply | To 7 | View Replies]

To: TexasGator

“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.


60 posted on 02/13/2024 6:53:39 PM PST by DAC21
[ Post Reply | Private Reply | To 56 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-62 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson