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MrBayAreaHokie
Joined: 11/05/2005
Posts: 33,042
Likes: 28,246
MrBayAreaHokie
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doesn't change the fact the inflation numbers by the gov't aren't accurate

You can go on youtube and find a host of economists who say the number is very high...some 10%, some 15%, some more the gov't keeps the number low so they don't have to raise SS payments...they have a giant incentive to fib it also doesn't change the fact the middle class is getting destroyed...it's so funny how people think the economy is good...it's great for rich people, but that's not most people
Posted: 03/11/2024 at 02:04 PM ET
(In response to this post by Hokebury)

Thread Replies (35)

Full Thread →
now up to 23% of $ in NVDA and 23% in BTC...i am in "burn the boats" mode
MrBayAreaHokie • 03/11/24 10:34 AM ET
NVDA will always be my "white whale" that got away.
Naelbis • 03/11/24 06:50 PM ET
Ooof.**
Will StewartAdmin • 03/12/24 01:25 PM ET
What are you doing for BTC?
HokieAl • 03/11/24 04:45 PM ET
so, i guess i am a trend follower
MrBayAreaHokie • 03/11/24 05:13 PM ET
It has definitely been crazy, doubling in the past 2 months
HokieAl • 03/11/24 06:01 PM ET
If you don't mind me asking, how old are you?
HokieByWater • 03/11/24 10:47 AM ET
Here's my take on this
MrBayAreaHokie • 03/11/24 11:18 AM ET
I've always stayed fully invested (early 60s) but just recently I'm selling
501 • 03/11/24 09:54 PM ET
The Crack up is <12 months out**
ColoVT82 • 03/11/24 05:34 PM ET
It'll be a December to remember for sure.... **
Vtskier1 • 03/11/24 07:14 PM ET
I'm investing heavily in the precious metals of brass and lead.**
MP4VT2004 • 03/11/24 02:52 PM ET
Hyperinflation is 3.5% - 5%? Expected to drop to 2.4% in 2024. Nope...**
Hokebury • 03/11/24 11:48 AM ET
believe the numbers if you want
MrBayAreaHokie • 03/11/24 12:02 PM ET
He strikes me as the Donald Trump of the multi-family real estate world
Hokebury • 03/11/24 12:30 PM ET
doesn't change the fact the inflation numbers by the gov't aren't accurate ◄
MrBayAreaHokie • 03/11/24 02:04 PM ET
My coffee went up 182% per oz..... it isn't the only item.**
Vtskier1 • 03/11/24 07:18 PM ET
Everyone's definition of what is middle class has changed dramatically over
Hokebury • 03/11/24 03:47 PM ET
And you sound like you're trying to convince the rest of us...
MP4VT2004 • 03/11/24 08:27 PM ET
Convince you of what? It’s clear you and Bay Area are struggling. Im
Hokebury • 03/11/24 09:18 PM ET
Good for you if you're breezing through life right now...
MP4VT2004 • 03/11/24 09:56 PM ET
This is a dire statistic.**
mancunian • 03/12/24 12:38 PM ET
I don’t think that’s especially new. Many Americans live paycheck to
AbsolutVT03 • 03/13/24 12:15 AM ET
I was laying in bed last night thinking about how frustrating it is that...
MP4VT2004 • 03/11/24 03:17 PM ET
3 years ago air fare to take the kids to grandma was $2400 for 4 people.
Naelbis • 03/11/24 07:22 PM ET
almost 58
MrBayAreaHokie • 03/11/24 10:50 AM ET
I think that is in Florida, not that I was looking into it...**
HortHokie • 03/11/24 02:06 PM ET
My bad...maybe there are two of them
MrBayAreaHokie • 03/11/24 04:28 PM ET
Yes, The Villages. Just outside of Orlando.**
HokieByWater • 03/11/24 03:07 PM ET
You're old enough to remember the Nixon/Ford/Carter hyper inflation years
Hokebury • 03/11/24 11:59 AM ET
Mortgage loans got up to 18% at one point. Delayed buying a house until 86.
TomTurkey • 03/11/24 03:56 PM ET
I had a 13% mortgage during that time (also a 18% 20 year IRA CD)**
UTPr0sim • 03/11/24 04:56 PM ET
i remember when seller financing was not an uncommon thing
MrBayAreaHokie • 03/11/24 04:26 PM ET
I remember writing a Fortran program to calculate a mortgage payment...
EDGEMAN • 03/11/24 12:08 PM ET
i missed the punchcard era
MrBayAreaHokie • 03/11/24 04:27 PM ET
That's why I will probably never move, at this point.
MP4VT2004 • 03/11/24 03:00 PM ET