silversand wrote:
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
At the risk of starting some back and fourth, I'm already seeing the housing market "which I follow" coming down in Central Florida. I am seeing the cost of certain new travel trailers also coming down as in dealer rebates and sales. Not all but the cheaper lines. Groceries have dropped some here too. NOT! a ton but some, a little bit. Gas was 4.49 this time last week and it's down to 4.19 today. Cycles happen because of political and world events and of course people taking advantage of a bad situation. I bring this up because my wife and I are looking to dump some cash in a rental but our realtor said lets wait for a while and see what happens. She thinks the housing market is ready to bust.
