They said it was transitory until they clearly couldn't get away with it anymore. Coffee is 50% more expensive than it was a year ago. Let's dive into a few more examples shall we?
Great article. I do love seeing actual receipts instead of the manufactured expert’s evidence. Sadly the “me or your lyin’ eyes” truism is just a fact of life now. As many other have put it, any statement coming from the sources engineering these non-stop crises or their “fact-checkers” is almost 100% guaranteed to be a lie. So doing or believing the complete opposite is pretty much fail-safe.
We’ve prepped as best as we can, but unless folks are truly wealthy, what’s coming is going to hurt us all.
DUDE YES thank you. I can’t compare my Costco receipts for some reason but I am consistently getting a 15% increase -at least- in the last 6 months. I Love Mike Maloney’s work. I think he’s dead right about the inflation (we are here) collapse/deflation then hyperinflation. We’ll see food and energy keep increasing in price but the glut of Chinese shit will deflate . Do you think housing will crash too? Seems to be cooling here. And people are definitely feeling the squeeze with gas and food prices. But I’ve been erroneously predicting a crash for years 🌈🐻
Honestly, I don't know enough about housing to have a trustworthy opinion, but logic suggests prices are going to come down. To what degree? Who knows. ARMs aren't nearly as large a % of mortgages as they were 15 years ago so you wont see higher rates make homes that have already been purchased unaffordable - you'll just see those rates make fresh purchases for new buyers unaffordable. Which means if you're trying to sell your house, you're either trapped in it or you have to lower your price. We're going to see a rise in multi-generational homes, IMO. Adult children and their parents under one roof could become a thing again
Been begging my in-laws because I like my in-laws much more than my parents to do the multigenerational thing for years now but nooooo they want to stay in their big two story house they can’t maintain that is full of crap but is in a very hot neighborhood where they could get $$$$ for lot value right now. I’m worried they’re gonna wait til the market bottoms out or want to do it in 10 years and I’m not too hot on that because I have young kids NOW and I’d like it to at least get some benefit of the arrangement ya dig
Totally get it. Thomas Sowell would say "there are no solutions only tradeoffs" - I don't know your in-laws but if you all like each other enough is the value of watching their grandkids run around and play in their yard everyday and help cooking and cleaning equal or greater than the cost of having less space per person and not having a bunch of junk they probably don't need? Only they can answer that. But it might require a paradigm shift that will be difficult. We've been conditioned to be "consumers." I wrote about it last summer. Almost exactly a year ago, which is kind of funny. Paywalled. But since you're one of the few who actually engages, I just comped you a year so you can read it. Have a great weekend :)
Hey man I really appreciate it! I make $0 and spend money on canned chicken and my husband recently left his banking job (partly because of the vaccine and various Karening) and is doing an entrepreneurial bitcoin thing he's trying to get off the ground. So that's why I haven't paid yet. I understand you might be in a similar situation with leaving your job and trying to get a business going. Yours is one of my favorite substacks so I will definitely subscribe when finances permit. I keep telling my husband about your stack because I think y'all would really hit it off. Sometimes it takes him a while to listen to me. I told him to buy bitcoin <$6k and he didn't so that's why we're in this pickle. Not sure if you ever go to Texas but he's at consensus right now.
I'm happy to do it. And I respect the hustle. I haven't been to TX a LONG time but I gotta get there soon. Got a few people I need to connect with down there.
Whenever I tell my husband about my receipt comparisons he just tells me it’s transitory because it’s still funny right now I guess. We bought a full pastured beef for the deep freeze
Great article. I do love seeing actual receipts instead of the manufactured expert’s evidence. Sadly the “me or your lyin’ eyes” truism is just a fact of life now. As many other have put it, any statement coming from the sources engineering these non-stop crises or their “fact-checkers” is almost 100% guaranteed to be a lie. So doing or believing the complete opposite is pretty much fail-safe.
We’ve prepped as best as we can, but unless folks are truly wealthy, what’s coming is going to hurt us all.
Indeed. All the best!
BLS Data from today's report: food at home +11.9% https://www.youtube.com/watch?v=JgHnTLdSFpY
8.6% official print FWIW....
Can’t
Print
Indefinitely
Or can we?
DUDE YES thank you. I can’t compare my Costco receipts for some reason but I am consistently getting a 15% increase -at least- in the last 6 months. I Love Mike Maloney’s work. I think he’s dead right about the inflation (we are here) collapse/deflation then hyperinflation. We’ll see food and energy keep increasing in price but the glut of Chinese shit will deflate . Do you think housing will crash too? Seems to be cooling here. And people are definitely feeling the squeeze with gas and food prices. But I’ve been erroneously predicting a crash for years 🌈🐻
Honestly, I don't know enough about housing to have a trustworthy opinion, but logic suggests prices are going to come down. To what degree? Who knows. ARMs aren't nearly as large a % of mortgages as they were 15 years ago so you wont see higher rates make homes that have already been purchased unaffordable - you'll just see those rates make fresh purchases for new buyers unaffordable. Which means if you're trying to sell your house, you're either trapped in it or you have to lower your price. We're going to see a rise in multi-generational homes, IMO. Adult children and their parents under one roof could become a thing again
Been begging my in-laws because I like my in-laws much more than my parents to do the multigenerational thing for years now but nooooo they want to stay in their big two story house they can’t maintain that is full of crap but is in a very hot neighborhood where they could get $$$$ for lot value right now. I’m worried they’re gonna wait til the market bottoms out or want to do it in 10 years and I’m not too hot on that because I have young kids NOW and I’d like it to at least get some benefit of the arrangement ya dig
Totally get it. Thomas Sowell would say "there are no solutions only tradeoffs" - I don't know your in-laws but if you all like each other enough is the value of watching their grandkids run around and play in their yard everyday and help cooking and cleaning equal or greater than the cost of having less space per person and not having a bunch of junk they probably don't need? Only they can answer that. But it might require a paradigm shift that will be difficult. We've been conditioned to be "consumers." I wrote about it last summer. Almost exactly a year ago, which is kind of funny. Paywalled. But since you're one of the few who actually engages, I just comped you a year so you can read it. Have a great weekend :)
https://faybomb.substack.com/p/see-want-buy-repeat?s=w
Hey man I really appreciate it! I make $0 and spend money on canned chicken and my husband recently left his banking job (partly because of the vaccine and various Karening) and is doing an entrepreneurial bitcoin thing he's trying to get off the ground. So that's why I haven't paid yet. I understand you might be in a similar situation with leaving your job and trying to get a business going. Yours is one of my favorite substacks so I will definitely subscribe when finances permit. I keep telling my husband about your stack because I think y'all would really hit it off. Sometimes it takes him a while to listen to me. I told him to buy bitcoin <$6k and he didn't so that's why we're in this pickle. Not sure if you ever go to Texas but he's at consensus right now.
I'm happy to do it. And I respect the hustle. I haven't been to TX a LONG time but I gotta get there soon. Got a few people I need to connect with down there.
https://texasblockchaincouncil.org/
CANNED CHiCKEN AM I RIGhT
Whenever I tell my husband about my receipt comparisons he just tells me it’s transitory because it’s still funny right now I guess. We bought a full pastured beef for the deep freeze