Today (1/12/2022) PBS newshour was playing an appearance by a FED reserve officer,I believe from San Francisco,I am a bit worried by her apparent lack of concern about the inflation which she seemed to acknowledge is occurring but rather didn't seem to have a whole lot of objection to letting it run,she made some reference about maybe raising interest rates in March--- I think interest rates need to be raised NOW Inflation is a hungry rat nibbling away at the contents of your wallet or pocketbook
Bad for people preparing to buy a house (first time) who are following the traditional advice to build up enough cash to put out a downpayment or even full price only to see the goal posts being pulled further away (rapidly) might reward people who are irresponsibly expecting to buy with "no money down"
That’s the new strategy with minimal down payment instead of the old way if you want any entry level home in a competitive city market. I lived on ramen noodles and as soon as I could buy, I bought my first property. If I waited any longer, I would’ve been priced out and had to buy super far AND buy a car!
On the spending side, back to living on ramen noodles and further spending cuts in my household, lol. On the investing side, need to try to keep up with inflation.
Hi can I get 50% of my deceased husband ssi when I file at 67? I received at age 60 survival benefits now I will file at 67 with requesting my husband portion.
No, the Survivor's benefit it 100% of your deceased husbans SS benefit. You either keep it or switch to you own if it is larger but you can't get yours and part of his. That is only if you are both living. Sorry.
The effects of investing by the government to fund vaccines and treatments in record time, incentives to help people survive during the pandemic, and the Tax and spend actions of the current administration are driving all of this. It's not just monetary policy and actions. The overwhelming requirement to solve a worldwide pandemic was the first driver. Stimuli were being backed off until the actions of the current administration. If we keep going in the current direction, everyone will be ruined financially.
I think the spending on vaccines and antivirals is justified. The "spending" with "created" dollars to buy bonds by the FED is not in my opinion. Not at all. Also paying people not to work when jobs are available is not justified. Free child care government subsidies at others' expense? People are trying to read the (inverted?) "yield curve" like tea leaves. But I don't think that is valid when FED bond buying is distorting what the bond market would be doing otherwise.
Appreciate the information. Seems we’re heading for some very difficult times.
You gave a short but packed relevant message on how to confront inflation/hyperinflation
Today (1/12/2022) PBS newshour was playing an appearance by a FED reserve officer,I believe from San Francisco,I am a bit worried by her apparent lack of concern about the inflation which she seemed to acknowledge is occurring but rather didn't seem to have a whole lot of objection to letting it run,she made some reference about maybe raising interest rates in March---
I think interest rates need to be raised NOW
Inflation is a hungry rat nibbling away at the contents of your wallet or pocketbook
Since by definition hyperinflation is very high, we should have an Inflation scale. Say, Mach One Inflation, Mach Two Inflation, etc.
Bad for people preparing to buy a house (first time) who are following the traditional advice to build up enough cash to put out a downpayment or even full price only to see the goal posts being pulled further away (rapidly)
might reward people who are irresponsibly expecting to buy with "no money down"
That’s the new strategy with minimal down payment instead of the old way if you want any entry level home in a competitive city market. I lived on ramen noodles and as soon as I could buy, I bought my first property. If I waited any longer, I would’ve been priced out and had to buy super far AND buy a car!
“Inflation is really a form of tax… a stealth tax” wow 🤯
Actually, an insidious way to retroactively tax the population...it's paradoxical because it's historical theft in real-time
On the spending side, back to living on ramen noodles and further spending cuts in my household, lol.
On the investing side, need to try to keep up with inflation.
The audio was very poor.., couldn’t hear you very clearly
Sounds normal to me and haven’t heard anyone else having trouble with the audio. 🤷♂️
Hi can I get 50% of my deceased husband ssi when I file at 67? I received at age 60 survival benefits now I will file at 67 with requesting my husband portion.
No, the Survivor's benefit it 100% of your deceased husbans SS benefit. You either keep it or switch to you own if it is larger but you can't get yours and part of his. That is only if you are both living. Sorry.
The effects of investing by the government to fund vaccines and treatments in record time, incentives to help people survive during the pandemic, and the Tax and spend actions of the current administration are driving all of this. It's not just monetary policy and actions. The overwhelming requirement to solve a worldwide pandemic was the first driver. Stimuli were being backed off until the actions of the current administration. If we keep going in the current direction, everyone will be ruined financially.
Well said Jerry, I agree. Thank you for your comment!!
I think the spending on vaccines and antivirals is justified. The "spending" with "created" dollars to buy bonds by the FED is not in my opinion. Not at all. Also paying people not to work when jobs are available is not justified. Free child care government subsidies at others' expense?
People are trying to read the (inverted?) "yield curve" like tea leaves. But I don't think that is valid when FED bond buying is distorting what the bond market would be doing otherwise.
i hate to say it, but you are spot on.
"Transitory Inflation" --disingenuous
I agree. The Fed is no longer calling it transitory.
We’re gonna crash…..that’s what I think, and I hope I’m wrong