BradW wrote:
I need a new Miller mig welding machine. I've been looking at them for the last 3 years. In that time the machine I wanted has gone from about $2400 to $4000. Whoever is saying inflation is 7.9% is full of it.
that's correct....inflation (consumer) in the US is running 16% ++ presently. But it's not as high as it was in 1917, when inflation was 19.6%. But at this rate, real inflation (your purchasing power) may take a 20% or 30% hit in near future. When consumer interest rates hit 12% to 16%. Imagine how much a mortgage payment will cost then? Better renew fast. I should have started a chartered bank 3 years ago, and got $billions in free money from the Fed at 0%.....to lend out at 8% !
...the way "we" measure inflation today (CPI) is all wrong. We need to measure inflation based on the stuff
we really buy. Look at gasoline. In our neck of the woods, gasoline prices went up by 50% (!). What about home heating cost? A travel trailer? We were looking at a particular brand of trailers. 3 years ago, $22,700. Today? $38,000.
But I'm preaching to the choir :D
