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Old 03-05-2022, 04:48 AM
 
Location: Free State of Florida
25,430 posts, read 12,545,994 times
Reputation: 19032

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Countries are made up of people, and not all people are impacted the same by inflation. Consider...

...If you are an employee, who rents, has low equity in your cars, live paycheck to paycheck w/ little savings to invest, & have to commute daily in your gas car, inflation is a big problem.

Inflation mostly crushes the bottom 40% (renters). It's a concern to the next 40% (home-owning strivers), & to the debt-free top 20% (like me) we barely feel it. The top 1% laugh at it. My paid-off home value rose from $550k to $1M, so $5/gal gas & milk...no biggy.

So, only ~40% of these high inflation-ridden countries' citizens, are being hurt bad by it.

I hope this puts inflation into clearer perspective. Elections have consequences, so think long & hard come November.
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Old 03-05-2022, 04:49 AM
 
30,000 posts, read 11,586,381 times
Reputation: 18516
Quote:
Originally Posted by lovecrowds View Post
China sure knows what they are doing. The Chinese Communist Party is immoral and barbaric but the China is almost there, they will ruin Europe, Canada, UK and USA economy soon.

Well, I guess when the goods are mined and made in China and don't have to travel far it would be natural they would not have inflation.
Inflation in China is whatever the CCP says it is. They lied for years about their GDP numbers. Their covid case numbers are probably baloney. Their claim about how the pandemic began is almost certainly a lie. Yet you believe their inflation numbers.

Quote:
Originally Posted by lovecrowds View Post
Japan has zero interest rates and zero inflation.

Japan's inflation hovers around 2-year high, BOJ flags price pressure

Japan has unique issues. Birth rates, a long terms big but stagnant economy. And now inflation is a problem there also. Its also very expensive to live there, expensive housing. Which you say is a problem only in the west.
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Old 03-05-2022, 05:27 AM
 
30,000 posts, read 11,586,381 times
Reputation: 18516
Quote:
Originally Posted by beach43ofus View Post
Countries are made up of people, and not all people are impacted the same by inflation. Consider...

...If you are an employee, who rents, has low equity in your cars, live paycheck to paycheck w/ little savings to invest, & have to commute daily in your gas car, inflation is a big problem.

Inflation mostly crushes the bottom 40% (renters). It's a concern to the next 40% (home-owning strivers), & to the debt-free top 20% (like me) we barely feel it. The top 1% laugh at it. My paid-off home value rose from $550k to $1M, so $5/gal gas & milk...no biggy.

So, only ~40% of these high inflation-ridden countries' citizens, are being hurt bad by it.

I hope this puts inflation into clearer perspective. Elections have consequences, so think long & hard come November.
I have also benefited in many ways from the current inflation situation. Glad the days of renting and living check to check. Or even having a mortgage are far behind me. However this whole inflation situation is not over. If we end up having to raise rates like the 1980's up close to 20%. Housing is going to take a big hit. Investing will be difficult and expensive. The economy will go into recession. All the people buying the past couple years will be way underwater and lots will just walk away from their over paid for homes.


The early stages of inflation is great if you have the right assets. But the medicine to stop it will have side effects for everyone.
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Old 03-05-2022, 08:51 AM
 
22,923 posts, read 15,418,292 times
Reputation: 16962
Quote:
Originally Posted by moneill View Post
Consumers demanding more goods and services. They should just stop.
Good luck with that! The societies that are buying up Tesla's faster than they can build them not shiving a git where those toxic Lithium batteries are going to end up or what building them costs the environment through additional demand for generating electricity.

We're busily buying new smart phones at a rate demanding more petroleum be extracted; that were all the internal combustion engines to cease to exist tomorrow, there'd still be wells pumping that stuff out of the ground and refineries modifying it to make all those water bottles, I-Pads and smart phones to choke the planet for decades to come.

We are without a doubt, the dumbest species to populate this planet since it's creation.
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Old 04-01-2022, 05:25 PM
 
18,063 posts, read 25,158,903 times
Reputation: 16767
You can thank the COVID freak out for this
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Old 04-01-2022, 09:54 PM
 
Location: From Denver, CO to Hong Kong China
900 posts, read 373,276 times
Reputation: 389
Quote:
Originally Posted by Tall Traveler View Post
I didn't see in the links the inflation rates of China and Japan. I don't see how any oil importing country can avoid inflation right now.

After living and working in China, I have a different view of the people and to some degree the CCP. The Chinese are intelligent and hardworking people only held back by the Socialist system for decades. Since the CCP incorporated capitalism into their systems, they have been tearing it up and will eventually pass the USA in GDP (they shoudl given the fact that they have 4 times more people).

The CCP has run a peaceful and stable nation for quite some time and but they do so at the expense of freedom which I dislike so I wouldn't want a similar system but it does work pretty well currently.
If China had a model like ours it wouldn't exist anymore.. in an eventual democracy, many provinces would ask for self-determination... The lack of freedom in China does not compromise the daily lives of the Chinese... just don't get involved in political or militancy issues and live well.
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Old 04-02-2022, 03:37 AM
 
Location: Unperson Everyman Land
38,622 posts, read 26,292,175 times
Reputation: 12634
Quote:
Originally Posted by moneill View Post
Consumers demanding more goods and services. They should just stop.


The thing is inflation begets inflation because consumers can't wait to buy when the prices keep going up.

The best solution is increasing productivity, but kids don't want to work and us old guys are retiring, so good luck with that.
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Old 04-23-2022, 03:37 PM
 
10,864 posts, read 6,387,311 times
Reputation: 7959
Japan is now seeing inflation,alas they are coming out of deflation.
Japan is an expensive place to live,the Japanese just put up with it.
out of high school,they get a low level clerical job and live with their parents,no cars,no rent.
They do not complain,it is rude to complain
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