[Nemo]

I think someone around here predicted this might happen. Might reassess your investments.

Nemo

https://www.foxbusiness.com/markets/biden-spending-impact-inflation-bonds

Bonds
Published 2 hours ago
Biden's trillion-dollar spending may restore inflation missing since '08 crisis
'The tide is about to turn' in a long-running bull market for bonds
By Jonathan Garber FOX Business

President-elect Joe Biden's promise to spend trillions could bring back a healthy level of inflation that has been lacking since the 2008 financial crisis and put an end to the nearly 40-year bull market in bonds.

Biden unveiled the details Thursday of a $1.9 trillion COVID-19 relief package, the opening gambit in a two-year stretch in which Democrats are likely to have few restraints on their spendingc priorities, with the party controlling both the House and the Senate along with the presidency.

"I think the [inflation] tide is about to turn and the higher inflation provides a basis for the 10-year yield rising" for U.S. Treasurys, said Sri Kumar, president of the Santa Monica, California-based Sri Kumar Global Strategies, pointing to the Biden administration's plans to spend money to help support lower-income groups.

continued

 

[seajay]

The signs are already present. Go to the grocery, get gas for your vehicle or buy a soft drink. You will also see the inflation signs.

 

[HJB]

Inflation has existed all along. The way the government calculates is BS. My home heating, electric, water, car insurance, medical insurance and copays, cable TV, phone, internet, and every other thing I buy that I can track have gone up 10% or more each year for as many years as I can remember.

Don't buy the "no inflation" or the 1.4% inflation BS from the government.

 

[Daniel8mm]

I believe 100% they have been suppressing it, once they raise minimum wage, They’re going to let inflation go a little, nobody is getting a raise, they’ll be making the same thing in reality cause milk is going up

 

[a_springfield]

I believe 100% they have been suppressing it, once they raise minimum wage, They're going to let inflation go a little, nobody is getting a raise, they'll be making the same thing in reality cause milk is going up

Everyone above the new min are getting a pay cut

 

[NTA]

I've noticed increases for over a year. Bread, beer, etc.
Gas is on the move now.

 

[HJB]

I've noticed increases for over a year. Bread, beer, etc.
Gas is on the move now.

Over a year ? Are you kidding me ? Screw bread and beer...go back for the last 7 to 10 years and see what your car insurance, your homeowner's taxes, your homeowner's insurance, your dental checkups, you eyeglasses, your termite inspections, your water, gas and electric bills, and see what they have been doing.

 

[NTA]

No argument from me on inflation.

The Gov is careful to report low inflation rates to keep from having to boost soc sec payments, most things are exempt from their calculations. And the Fed has stepped in to keep interest rates under 1% - the national debt would explode if it had to be financed at real rates.

https://www.businessinsider.com/if-...lation-rate-it-would-crash-the-economy-2016-8

http://www.shadowstats.com/alternate_data/inflation-charts

 

[Daniel8mm]

Everyone above the new min are getting a pay cut

Ill just raise my rates and pass bad economic policies onto the white liberals who voted for them