Anyone Afraid Of Inflation?

[Jkloc420]

He got us

 

[IVE GOTTA PACKAGE 4U]

He got us

Uncle Joe

 

[IVE GOTTA PACKAGE 4U]

Saw this quote, is it true?
“You guys all realise that with a 7.5% inflation rate, prices double every 9 years, right ?!”

I guess we need a bigger raise next contract

 

[Jkloc420]

Uncle Joe

Your wife

 

[IVE GOTTA PACKAGE 4U]

Your wife

She could use a raise also

 

[Jkloc420]

She could use a raise also

She got us all

 

[Jkloc420]

She could use a raise also

She gots your pension

 

[IVE GOTTA PACKAGE 4U]

She gots your pension

I'm not collecting it yet

 

[wilberforce15]

Saw this quote, is it true?
“You guys all realise that with a 7.5% inflation rate, prices double every 9 years, right ?!”

Yes, the rule of 72.

Divide 72 by the interest rate to find the doubling time.

7% per year will yield roughly a 10 year doubling time.

2% per month would yield a 36 month doubling time. Etc.

It's a handy estimation tool.

#formermathteacher
#realfinancedegrees

 

[Wally]

Inflation seems invisible to the media for the most part. No coverage=no issue for Democrats.

 

[Red Devil]

who needs extra hours and grievances to stay floating?

Anybody FT shouldn't have a single worry, and if he does, it's his own fault.

We don’t have time to learn about stocks lol.

 

[UnionStrong]

Inflation seems invisible to the media for the most part. No coverage=no issue for Democrats.

You seem surprised…

 

[wilberforce15]

We don’t have time to learn about stocks lol.

That's fine.

Any full timer makes plenty to not be paycheck to paycheck except in a few expensive areas.

 

[Red Devil]

That's fine.

Any full timer makes plenty to not be paycheck to paycheck except in a few expensive areas.

Yeah definitely. I live within my means never worry about money. My area isn’t cheap but it’s not outrageous either.

 

[Over70irregs]

I guess we need a bigger raise next contract

I’m on your team… Just paper, ink and silicon right?

 

[IVE GOTTA PACKAGE 4U]

I’m on your team… Just paper, ink and silicon right?

I guess they're trying to give all their money away and dividends and MIP bonuses...

 

[IVE GOTTA PACKAGE 4U]

"Inflation means price jumps for dinner and roses this Valentine's Day" Inflation means price jumps for dinner and a dozen roses this Valentine's Day

 

[Over70irregs]

Just take breaks, that will quickly put $ in your pockets that many give away often.

 

[Over70irregs]

1. So the Fed wants inflation to pay off debts faster?
2. But does not want wage inflation because it is always behind prices.
*Researching breakdown

 

[oldngray]

Goldman Sachs predicts seven rate hikes this year as Fed scrambles on inflation - Washington Examiner

Goldman Sachs predicted that the Federal Reserve will take an even more aggressive approach to raising interest rates in 2022 than previously anticipated as it scrambles to catch up with inflation. The financial service giant’s chief economist, Jan Hatzius, said in a report to clients that the...

www.washingtonexaminer.com