Prices.... Going Up!!!

[DesertRatt]

Or: The Fed simply needs to increase QT to $100B monthly, starting now until ________.

Absolutely right. And the S&P500 would fall to about 2,000 in 30 days. Which is probably about where it should be anyway. Or, putting it another way, the stock market was inflated by $8 trillion. Which is kind of like building a tree house way, way, way up in the highest branches blowing in the wind.

 

[Erik Tracy]

I dunno could bee wrong but seems to me key to getting inflation stabilized would be to stop printing money we dont have.

As long as the economy has "too many dollars chasing too few goods" we will continue to have inflation. It's a basic concept some still don't get.

 

[DesertRatt]

I dunno could bee wrong but seems to me key to getting inflation stabilized would be to stop printing money we dont have.

They are too afraid of the "D"-word. If they ever caused DEFLATION - by accidental or purposeful means - the entire global economy would implode and perhaps never recover from it. Not necessarily a bad thing depending on your individual circumstances of course.

 

[Mystic]

They are too afraid of the "D"-word. If they ever caused DEFLATION - by accidental or purposeful means - the entire global economy would implode and perhaps never recover from it. Not necessarily a bad thing depending on your individual circumstances of course.

Amen to that.

 

[Mystic]

For a bit of fun, set up, using Ford's website, a 2023 model year F-250. Ford suggested financing the thing via Ford Credit. With a down payment of $10,407, and a term of five years, at 5% APR, the monthly payment would be $1,768. Here's the result:



Pricey is putting it mildly.

 

[GChief]

For a bit of fun, set up, using Ford's website, a 2023 model year F-250. Ford suggested financing the thing via Ford Credit. With a down payment of $10,407, and a term of five years, at 5% APR, the monthly payment would be $1,768. Here's the result:

View attachment 2733610

Pricey is putting it mildly.

And people be bitchin about $45K EV

 

[Mystic]

And people be bitchin about $45K EV

I oughtta "build" a 2023 model year F-350. Price of that's sure to go into and out of the stratosphere.

 

[YY1]

I've bought houses for less.

...and my last vehicle cost less that the down payment and one year of payments.

I'm surprised they didn't suggest the 8 year loan.

Pretty soon you'll have a choice of 15 and 30 year notes.

 

[GChief]

I oughtta "build" a 2023 model year F-350. Price of that's sure to go into and out of the stratosphere.

Or just do like I am about to do, acquire a 1940 1T IH for our "farm truck" to keep our new to us 1939 Ford tractor company.

 

[MTalley]

I oughtta "build" a 2023 model year F-350. Price of that's sure to go into and out of the stratosphere.

I bought a 2016 F-350 King Ranch DRW new in 2015. MSRP was $71,000. Building a similar 2023 on the Ford website shows an MSRP of $90,730. Granted, there are a few standard items on the 2023 that were options or not available in 2016, so there is some additional content on the newer truck.

Note that I paid $58,900 for mine without even having to do any dealing with the dealer. They already had it marked down $12K, which I felt was a fair deal on a truck that had just come out (bought mine at the beginning of the 2016 model year). I financed mine for 5 years at 1.99% and paid it off a few months early. Also, recent NADA pricing on my truck as it sits with 125k miles on it is around $50K for clean retail.

Edited to add: I purchased an expensive, new truck as at the time we were living and traveling full-time in a fifth wheel RV. We had recently lost our previous truck in a wreck (not my fault) and needed something to pull the RV with (our only vehicle at the time).

 

[Mystic]

Or just do like I am about to do, acquire a 1940 1T IH for our "farm truck" to keep our new to us 1939 Ford tractor company.

I do like the sound, and look, of that.

 

[ernieb1536]

For a bit of fun, set up, using Ford's website, a 2023 model year F-250. Ford suggested financing the thing via Ford Credit. With a down payment of $10,407, and a term of five years, at 5% APR, the monthly payment would be $1,768. Here's the result:

View attachment 2733610

Pricey is putting it mildly.

That makes my 1993 full-size blazer look better and better .also factor in the cost of insuring a $71000 vehicle !

 

[OBMG74]

Natural gas prices here:
November: $1.14 per therm
December: $.85 per therm

 

[Andyman]

As long as the economy has "too many dollars chasing too few goods" we will continue to have inflation. It's a basic concept some still don't get.

And yet governments are passing out inflation payments, which only seem to throw gas on the fire...

 

[ernieb1536]

And yet governments are passing out inflation payments, which only seem to throw gas on the fire...

I would gladly give back my stimulus payments to have the economy we had before this mess !

 

[grillebilly]

I would gladly give back my stimulus payments to have the economy we had before this mess !

Amen!
I did a little research on stimulus payments, 10% went to foreign countries, and possibly 30% was outright theft. Of the 60% that was considered legit, most of it (most likely) went to people who never missed a paycheck. I think it's just bribery.

 

[Andyman]

I would gladly give back my stimulus payments to have the economy we had before this mess !

Those pre inflation stimulus checks are NOT what I was talking about; this is. California is passing out money to help middle class families making up to $500,000 (????) AGI deal with high gas prices, which have pretty much peaked and are coming down.

https://www.nbcbayarea.com/news/california/california-inflation-relief-payments/3023085/

 

[MTalley]

That makes my 1993 full-size blazer look better and better .also factor in the cost of insuring a $71000 vehicle !

Surprisingly, my F350 costs around the same or a little less to insure than my wife's 10 year old Ford Escape.

 

[nolasally]

@MTalley If your not using your F350 to tow anymore regularly, now might be a good time to sell if you can find some dumb schmuck to pay 50,000 for a 7yr old truck with 125K mi.....

Merica

 

[GChief]