|
07-23-2008, 06:18 AM
|
|
|
|
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,255 posts, read 23,693,184 times
Reputation: 3587
|
|
|
I say by October!
|
|
07-23-2008, 06:29 AM
|
|
|
|
Location: Raleigh, NC
9,055 posts, read 12,521,347 times
Reputation: 1396
|
|
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
|
|
|
|
Location: Londonderry, NH
41,478 posts, read 57,436,015 times
Reputation: 24832
|
|
|
My tracking of our household expenses indicates 10% inflation has been here for the last year.
|
|
07-23-2008, 03:57 PM
|
|
|
|
Location: Backwoods of Maine
7,433 posts, read 9,887,501 times
Reputation: 20982
|
|
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
|
|
|
|
475 posts, read 1,309,829 times
Reputation: 103
|
|
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
|
|
|
|
475 posts, read 1,309,829 times
Reputation: 103
|
|
|
already that is
|
|
07-24-2008, 01:35 AM
|
|
|
|
3,852 posts, read 12,472,546 times
Reputation: 2528
|
|
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
|
|
|
|
3,459 posts, read 5,511,538 times
Reputation: 6677
|
|
|
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
|
|
|
|
3,852 posts, read 12,472,546 times
Reputation: 2528
|
|
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
|
|
|
|
Location: Los Angeles Area
3,306 posts, read 3,915,301 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. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
