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Posted on 10/31/2022 9:21:12 AM PDT by Kaiser8408a
How bad is inflation under Biden?
Consumer credit outstanding soared by 8.1% YoY in August as the inflation rate soared to 8.2%. Meanwhile, the personal savings rate YoY cratered to -59.3%.
Of course, Biden is his tone-deaf manner told Americans to buy a cheaper brand of bran cereal.
What a complete and utter mess under Inflation Joe and Foul Powell (on the prowl).
(Excerpt) Read more at confoundedinterest.net ...
We put a ton of personal savings into real estate, which typically does ok (if well-selected) in inflationary times.
But .....but....but....abortions are more important than feeding your family!!!
Pronouns are more important to the average American.
Liberals told me so.
I sure hope we can keep giving a couple of Billion a month and free weaponry to Ukraine GloboHomoNazis.
You know how in sports when a record is broken they often involve the guy who had the old record?
They should invite Jimmy Carter to the White House for some sort of passing of the baton.
We have money in agricultural real estate which normally does well.
This year the land is just stunted brown crops with weeds growing up.
Maybe the public will have to wait until next year to eat.
Inflation is way more than 8% - it’s about triple that. They stopped counting gas and groceries in the inflation number. We’re already halfway in the grave and they’re lying about it.
Democrats can’t lie about these figures. People see their account balances and have to make decisions about what they buy.
Yeah, I don’t have any of that, but the MIL does. I doubt her renters of had much of a crop this year.
People looked at their 3rd quarter 401k statements and their home heating Fall fillup bill, and their latest grocery bill and if they're too stupid to realize that they need to stop voting Democrat they are beyond help.
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Given how much real estate prices ran up the last few years I wonder if that will hold true this time. With mortgage costs skyrocketing I have a hard time seeing the elevated prices hold up as buyers won’t be able to afford the interest. Hope for your sake I’m wrong.
And don’t forget old Ukrainian Mister GIBS-ME-DAT yet ‘nother BILLION DOLLARS.
That 8.2% inflation is a real knee slapper, huh.
3% is a precious gift. In the 90s, it was 12-13%.
My first mortgage was in 1983.
13% on a 30 year fixed.
And I think I’ll do OK on the real estate. I have the three key factors for real estate working for me, I think: Location, location, location.
Can Biden ask Fed Reserve to wait to raise rates? I was yelling that at my TV this morning. If Biden could’ve stopped this, maybe he was hoping inflation would drop a point or two, so he could say it is all under control.
Fox News has shown people saying their home heating oil price has doubled. They’ve woken up. Prepare for the Red Tsunami on Nov 8.
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