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Prices.... Going Up!!!

Mystic said:
Seconded... awaiting an explanation of the poster's comparison of the "market action" graph w/ the "purchasing poswer" graphs I posted a day or so ago. I think I know where the "market action" poster might go... but I wanna give him (her?) an opportunity to explain.
Click to expand...

Just posting the graph for information only on the continual climb of the stock market.
I probably shouldn't have used the word "compare". I'm not an Economist, for sure.
I was worried years ago when the market "climbed" to 14,000 after hovering around 10,000.

WTF seems a little harsh.....
I'm over and out. Think I'll move on to something more enjoyable like audio:).
 
OBMG74 said:
Just posting the graph for information only on the continual climb of the stock market.
I probably shouldn't have used the word "compare". I'm not an Economist, for sure.
I was worried years ago when the market "climbed" to 14,000 after hovering around 10,000.

WTF seems a little harsh.....
I'm over and out.
Click to expand...

I didn't use "WTF", only interested in the explanation of the chart data comparison. I try to avoid connecting "speculative markets" ruled by (very) big monied -- whether indiviudals, funds, etc. -- interests w/ household-level consumer spending and price indeces... the friggin' dots justnever seem connectable ... despite what many economists (especially devotees/proponents of the so-called Modern Monetary Theory (MMT) would have us believe (read: "swallow").

nb: see their explanation of MMT @ https://www.investopedia.com/modern-monetary-theory-mmt-4588060
 
@OBMG74

My "WTF" was about the correlation of the market climb vs the CPI near free-fall.

Not about you or your post.

Almost a direct illustration of the "rich get richer while the poor get poorer" without any easy "yeah, but they just need to work harder" outs.
 
It used to be they would watch the inflation numbers and be concerned about it, and control it by raising interest rates and such. IOW looking out for the long term. Nowadays they don't seem to care about anything except their own short term survival and they are letting the next crop worry about actually saving the economy (which will in all likelihood be too late). When all the dust and ash settles from this, I wonder what the official historic conclusion will be as to what would have cost more lives (and life years), the virus without lockdown, or the economic collapse scenario we appear to just be starting to go into now.
 
Alobar said:
It used to be they would watch the inflation numbers and be concerned about it, and control it by raising interest rates and such. IOW looking out for the long term. Nowadays they don't seem to care about anything except their own short term survival and they are letting the next crop worry about actually saving the economy (which will in all likelihood be too late). When all the dust and ash settles from this, I wonder what the official historic conclusion will be as to what would have cost more lives (and life years), the virus without lockdown, or the economic collapse scenario we appear to just be starting to go into now.
Click to expand...
From Market Watch.
Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania, warned in a CNBC interview on Friday that the Federal Reserve’s easy monetary policy stance in the face of building price pressures could set the stage for inflation to run as hot as 20% over the next two to three years before subsiding.

And while inflation jitters rattled the market this past week, Siegel argued that investors will have little in the way of an alternative to equities and other traditional inflation hedges, given the prospect of negative real, or inflation-adjusted, returns for government bonds.

In other words, Run to the market! Run to the market! And when the last "greater fool" has entered, it will crash.
 
Alobar said:
It used to be they would watch the inflation numbers and be concerned about it, and control it by raising interest rates and such. IOW looking out for the long term. Nowadays they don't seem to care about anything except their own short term survival and they are letting the next crop worry about actually saving the economy (which will in all likelihood be too late). When all the dust and ash settles from this, I wonder what the official historic conclusion will be as to what would have cost more lives (and life years), the virus without lockdown, or the economic collapse scenario we appear to just be starting to go into now.
Click to expand...
Well... that is answering itself. On the scoreboard... virus scores ten, lock down exceeding the scale. Both are still in the game... word is virus is variant and calling vaccine from the bench for a surprise play. Fans are tense and odds makers are hedging. The world is anxiously watching...
 
Beatnik said:
Eventually we'll need a 1000 dollar bill to buy a piece of gum.
Click to expand...
There is an interesting youtube video about how to leverage stuff like that. It uses the example of, after a bit of hyperinflation you can pull a marble out of a drawer and sell it to some kid and use that money to pay off your mortgage.

It's about borrowing a ton of money at fixed interest rates just before hyperinflation, and then selling something else after the hyperinflation has kicked in, and use that money to pay off your house. Owning a house free and clear in a time of hyperinflation is a big deal.
 
We actually just refinanced a house we paid 77K for in 2015 at 90K (well under the 180K current valuation) and paid off another house.

The new payment is actually $230/mo lower than the combined payments and the term is the same.
We were 5 years into a 20, and the refi is a 15.

RobRoy said:
Owning a house free and clear in a time of hyperinflation is a big deal.
Click to expand...

Owning rental property is even better.
 
Been taking stock in what I have to ride this apparent madness out. I think it is a good idea for everyone to have a plan, and it helps us all when we are all a little self reliant. Of course few really are, but everything we can do helps!

Things I need.
A bigger greenhouse.
A larger planter beds for planting some sort of crop. I have about 1/8 to 1/4 to acre that is sun exposed and could plant much more food. This isn't instant however, as we need soil.
More fishing gear. I live in a great place to get seafood. The boat launch is 1/4 mile away, and the canal has Dungeness crab, shrimp, salmon, halibut and other less popular fishes.
Gas cans, to stock up at least a little. Perhaps a couple 55 gal drums. Not for driving the car so much, but gas for the boat, snowblower, chainsaw for firewood to feed the woodstove.

Things I'm all set with.
House paid for. Zero debt.
Stand by generator, in order to get drinking water out of my deep well I needed that to be a 240v model.
A few guns, nothing resembling an "arsenal", but enough. And I have all the reloading supplies for each gun. Note, this isn't for protection from people but to get game. If it comes down to killing each other, then life worth living will be over for a long while at that point.
Boats, I have a good sea boat, and a inflatable boat suitable for river running. It has oars should I need to use it to get out to the shrimp and crab pots without using gasoline.
Live in a remote and isolated area, in a very small town which is known to look out for each other. If things do take a turn for the worse, there are few places that will be truly safe, but this one gives me hope.
 
Man this is a dark thread.

I hope (and I hope you all do too) that the hyperinflation and economic collapse stuff is something seen in on the horizon as the boat swings around, and we don't go that direction. Anyone who thinks they know exactly what is going to happen is probably wrong. If we were that good at predictions we'd all be rich, wouldn't we?

I'm going to hang with a fellow AKer tonight and have some drinks and tunes. Tomorrow I'll get back to the largest garden I've ever planted. :smoke: :rflmao:
 
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