Secular inflation is here

That’s basically all the time…sadly.

Let us eat cake :cake:!
Kidding, I’m too overweight to be eating that much cake.

Data not supporting the thesis is also, sadly, all the time as well.
The Atlantic had an article on obesity and Covid. Blamed obesity on corporate advertising. At one point it said that people think obesity stems from a lack of willpower but that “science” disagreed. The supporting evidence? People who get fat tend to stay fat. Really? I lost 30 pounds at one point based on the science that told me that if I burned more calories than I took in I’d lose weight. Not a slam on you in any way, it took a lot of effort and commitment, just to say that very often an argument is made in the press but then not supported. Just word salad.

Some people can’t get thin.
Some people won’t become fat.
Average people do slim down when they eat less move more.

Harder for some than others but anyone can slim down and stay down if they really want to. Of course if you’re a foody and it gives you great pleasure than to heck with it. Accept the weight issues that go with it and be happy.

Supply Chain Crisis Risks Taking the Global Economy Down With It

New Bloomberg Economics gauges show the extent of the global supply shortages that are pushing prices higher and putting economic recoveries at risk.

https://www.bloomberg.com/news/features/2021-11-02/supply-chain-crisis-has-central-banks-facing-stagflation-lite?utm_content=markets&utm_medium=social&cmpid=socialflow-facebook-markets&utm_campaign=socialflow-organic&utm_source=facebook&fbclid=IwAR2WoSGkQFMYYcI_cvu-dY3o8VYneADJodNiXUGU9oUN5bP7QZbkSlRaEt0

Have not followed him. Has Kiyosaki ever been right?

In September, he told Kitco News that “the biggest crash in world history” would hit in October.

Thought is best month ever.

In fact, the famous author reiterated his belief that there are only three “smart” investments to buy right now: gold, silver and Bitcoin.

Assets that are store of value only? C’mon, if everybody do this, human beings would be replaced. Today society is going upside down, assets that doesn’t provide any services or products for human consumption or improve well-beings of humans are worth more than businesses that do? Fintech businesses that democratize finance are celebrated… but they are taking cuts in transactions thus increasing cost of transactions… feel more like credit bubble 2.0…

He’s a snake oil salesman! Went from selling real estate seminars to these latest fads/bubbles. :man_facepalming:t2: Run, don’t walk!

He did teach me to be buy assets and not liabilities back in my youth.

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Inflation may sound scary to the investor class, but what’s lost in the scaremongering articles is the fact that the bottom quartile of workers are seeing big wage hikes. A year or two ago people were still making noise about raising minimum wage to $15. Now it’s the de facto minimum among big employers. Amazon is paying $18 and free college as benefit. Truck drivers are making six figures.

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Poor people making more money is good for landlords and that’s about it. There are limited resources driving up costs. Great for landlords. Not so good for everyone else. Of course the liberals will use rent control to makes things even worse

House price inflation 13.6%

Higher inflation leads to higher interest rates. Will this not make home prices decrease because mortgages become more expensive?

Why will home prices go up?

RE price always goes up. Doesn’t matter.

Long term investors always win.

SS is only going up 5.9%. Medical costs inflation will bankrupt the country