flown-the-coop said:
The new head of BLS is much better with the numbers, thats for sure.
And interesting for 2 hours there have been no replies. Unless I missed the main thread.
CPI Mizuno a political tool. Everyone uses it.
It means literally nothing.
Steak has gone from $9/pound to $25
No problem, substitutionary rules say that since ground beef is a substitute and it is still $9 then there is no inflation.
Your new car costs $3000 more than last years models. It has all these new features. Those are valued at $3500. The cost of a car actually went down. Inflation is falling!!
Inflation is closer to 10%. We all know it.
That's ok with me. There is a debt aspect to this. Stay in physical or speculative assets during this phase and hope for the best. Stock market makes you feel like a winner despite knowing inflation is part of it.
My core the last two years. Percentages are way higher in reality but when you buy back in after trades it kills your numbers on this basic home page. INTC & TSLA are in the 500% plus range.
INTC has been gloriously and trackably volatile. Loaded up multiple times in the $17 range.
2/3 off my TESLA was purchased Sub $150.
Liberals have also made this gloriously volatile.
NVDA I recently entirely dumped for big gains. Just have a toe hold right now.
Same with Apple. You think they have gotten so much more incredible the last couple years? Nope! Good place to park money to fend off inflation.
Point being don't trust any of the government **** and use your own eyes and data.