Inflation when he took ofc was less than 2%…went up to 9% last summer….back down now to around 4%….and still heading downward…. expected to be below 2% again by end of the year. (per Meet the Press this morning)
Unemployment is the very very low. People have money. People are buying things. Good for everyone, buyers and sellers.
BUT….don’t hold on to those Gift Cards! Wife went to Bed, Bath, and Beyond yesterday because they’re going out of business …..not bankrupt… just don’t like competing with on-line shoppers…. So Big Sale (they claimed)….. Right. 10% off….so overpriced stuff is still overpriced…and they REFUSED her PRE-PAID Gift Cards! So BB&B has stolen the money!
unemployment is low because people who could have afforded to retire early had to go back to work. I'm one of them.
BBBY stock went nuts for a minute. I bought in at perfect time, and sold at perfect time. Twice. First time 535%, second 1024%. I have no idea what I'm doing with stocks but I was acting on a tip from someone I don't even know, we was leaned over the side of his boat looking at a mess of crappie, at the boat ramp, talking about different things...and I mentioned that "I" had to go back to work after early retirement and he mentioned that you should look at bed bath and beyond stock. And there ya go.
people who held the money until the right time, are buying. People who was spending every penny they had, are not doing well, which accounts for a LOT of people. Money management is not my forte', and in fact I get to watch people fail in that sense on a daily basis-and I do too at times. In 19/20/21 there was money coming into my little household and it was a direct result of a lot of things, some related to COVID, some related to how the leaders were handling "that" mess, etc.. I (and everyone else should have) knew that it was temporary so I didn't change anything budget-wise. That it still there for investment purposes and historically economic downturns are a good time to "get in".
they say inflation is just about 5%. Then why are my groceries up about 45%? Gas, transportation, vehicle maintenance, vehicle repairs, electricity, home heating gas, water, internet (my internet bill is 94% higher than it was in 2020 with the exact same company and plan), the cost of tools to do my job, also higher, the cost to go to/from work is higher (which cuts into my pay), my pay is NOT higher; at least not enough to offset the cost of living increase. Taxes are higher. Insurance is higher.
At the end of last year I figured it up. On average, I saw a 43% price increase, overall. My pay did increase over 2021 but only by about 9%.
The figured that they're feeding us, are not the whole truth. It may only be the certain items that they've decided to report on. Who knows.
