When Do YOU Think INFLATION Will Hit 10%? (expenses, buy, company) - Economics - City-Data Forum

KevK · 07-23-2008, 05:18 AM

I say by October!

ViewFromThePeak · 07-23-2008, 05:29 AM

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.

GregW · 07-23-2008, 06:58 AM

My tracking of our household expenses indicates 10% inflation has been here for the last year.

Nor'Eastah · 07-23-2008, 02:57 PM

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!

brassbin · 07-23-2008, 03:45 PM

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%

brassbin · 07-23-2008, 03:47 PM

already that is

killer2021 · 07-24-2008, 12:35 AM

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.

sterlinggirl · 07-24-2008, 12:56 AM

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.

killer2021 · 07-24-2008, 01:56 AM

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.

Humanoid · 07-24-2008, 02:14 AM

Inflation won't get up to 10%, at least not during the current problems.