|
07-23-2008, 06:18 AM
|
|
Senior Member
|
|
Join Date: Jul 2007
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
11,352 posts, read 5,764,543 times
Reputation: 2283
|
|
When Do YOU Think INFLATION Will Hit 10%?
I say by October!
|
|
07-23-2008, 06:29 AM
|
|
Senior Member
|
|
Join Date: Feb 2008
Location: Raleigh, NC
9,047 posts, read 2,921,454 times
Reputation: 1270
|
|
Quote:
Originally Posted by KevK
I say by October!
|
With a Fannie/Freddie bailout, 10% is in the bag for this year and 20% next year is 100% certitude. It'll be realized after the election, IMO.
Gold at 2K also. Oil at 150, as it rose too quickly and needs a breather for now. |
|
07-23-2008, 07:58 AM
|
|
Senior Member
|
|
Join Date: Jan 2007
Location: Londonderry, NH
12,016 posts, read 5,430,784 times
Reputation: 3743
|
|
|
My tracking of our household expenses indicates 10% inflation has been here for the last year.
|
|
07-23-2008, 03:57 PM
|
|
Having All The Fun I Can Stand
|
|
Join Date: Mar 2008
Location: Rhode Island
936 posts, read 562,103 times
Reputation: 898
|
|
Quote:
Originally Posted by GregW
My tracking of our household expenses indicates 10% inflation has been here for the last year.
|
How right you are!
We don't need to wait for it. It has found us! |
|
07-23-2008, 04:45 PM
|
|
Senior Member
|
|
Join Date: Nov 2007
294 posts, read 178,499 times
Reputation: 37
|
|
i don't need to look at any "government" figure, i can just look at my grocery bill/home heating bill/gas price, may i say it's a bit higher than 10%  |
|
07-23-2008, 04:47 PM
|
|
Senior Member
|
|
Join Date: Nov 2007
294 posts, read 178,499 times
Reputation: 37
|
|
|
already that is
|
|
07-24-2008, 01:35 AM
|
|
Senior Member
|
|
Join Date: Feb 2007
2,931 posts, read 1,912,036 times
Reputation: 1182
|
|
lol yea. we've had 10% inflation for quite some time now. In fact, 10% inflation is low. The only reason we haven't noticed it before was because stock were going up and the economy was growing faster than usual. On average, the US increases the money supply by 10% per year. More money being printed while demand staying the same means less purchasing power which is why every American sees the price of EVERYTHING going up. My advice is to get out of fiat currencies entirely. Now you know why gold and silver are such great investments.
 |
|
07-24-2008, 01:56 AM
|
|
Senior Member
|
|
Join Date: Jan 2008
2,856 posts, read 1,408,686 times
Reputation: 5109
|
|
|
Last year I bought some fence posts for $4.00. This year they were $6.00. Gas bills are up, electricity is up, taxes are up, food and fuel are up, and the trash company just raised rates.
I'd guess that I'm spending close to 25% more on necessities than last year.
|
|
07-24-2008, 02:56 AM
|
|
Senior Member
|
|
Join Date: Feb 2007
2,931 posts, read 1,912,036 times
Reputation: 1182
|
|
Quote:
Originally Posted by sterlinggirl
Last year I bought some fence posts for $4.00. This year they were $6.00. Gas bills are up, electricity is up, taxes are up, food and fuel are up, and the trash company just raised rates.
I'd guess that I'm spending close to 25% more on necessities than last year.
|
lol yup. Pretty soon when I get paid I am just going to go to costco and buy bulk everything. Probably make a better return than throwing it away in the stock market. |
|
07-24-2008, 03:14 AM
|
|
Cantankerous
|
|
Join Date: Apr 2007
Location: Los Angeles Area
3,306 posts, read 1,148,368 times
Reputation: 592
|
|
|
Inflation won't get up to 10%, at least not during the current problems.
|
Please register to post and access all features of our very popular forum. It is free and quick.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
