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Online mystery-ak

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Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« on: March 10, 2022, 09:02:41 am »
Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades

John Carney 10 Mar 2022

Inflation climbed to another four-decade high in February with prices expected to push even higher on the back of soaring energy prices following the Russian invasion of Ukraine.

The Department of Labor said that the consumer price index rose 7.9 percent compared with a year ago. Prices were up 0.8 compared with the prior month.

This is the ninth straight month of inflation above 5 percent. Prices rose at an annual rate of 7.5 percent in January, jumping 0.6 percent from December.

Economists had forecast CPI to rise by 0.7 percent for the month and 7.8 percent compared with a year ago.

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https://www.breitbart.com/economy/2022/03/10/inflation-february/
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Offline cato potatoe

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #1 on: March 10, 2022, 09:54:49 am »
Adults younger than about 60 have never dealt with anything like this before.  Lord only knows how they will react.  Retirees are instructed to shed their portfolios of stock, and every safe investment is losing value, so I'll imagine quite a few of them will be forced to draw from their home equity if this persists. 
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Offline IsailedawayfromFR

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #2 on: March 10, 2022, 10:04:12 am »
Quote from: cato potatoe on March 10, 2022, 09:54:49 am
Adults younger than about 60 have never dealt with anything like this before.  Lord only knows how they will react.  Retirees are instructed to shed their portfolios of stock, and every safe investment is losing value, so I'll imagine quite a few of them will be forced to draw from their home equity if this persists.
Who is instructing retirees to sell their stock?  Seems like a foolish move.

Oil stocks have jumped up significantly in just the past several weeks, so to have sold would have been disastrous.
« Last Edit: March 10, 2022, 10:27:40 am by IsailedawayfromFR »
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Offline cato potatoe

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #3 on: March 10, 2022, 10:28:01 am »
Quote from: IsailedawayfromFR on March 10, 2022, 10:04:12 am
Who is instructing retirees to sell their stock?  Seems like a foolish move.

Oil stocks have jumped up significantly in just the past several weeks, so to sell would be disastrous.

Many financial advisors steer them into low return investments, unless they have atypical risk tolerance. 
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Offline libertybele

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #4 on: March 10, 2022, 10:48:10 am »
Highest inflation in 4 decades.  Gee --- Hello America, do y'all see what Joe has done and is continuing to do??
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Offline IsailedawayfromFR

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #5 on: March 10, 2022, 11:11:06 am »
Quote from: cato potatoe on March 10, 2022, 10:28:01 am
Many financial advisors steer them into low return investments, unless they have atypical risk tolerance.
Time to dump the financial advisors who make this call.
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Offline LMAO

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #6 on: March 10, 2022, 11:12:36 am »
Quote from: libertybele on March 10, 2022, 10:48:10 am
  Gee --- Hello America, do y'all see what Joe has done and is continuing to do??

They do

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Online mystery-ak

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #7 on: March 10, 2022, 06:54:22 pm »
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Online mystery-ak

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #8 on: March 10, 2022, 09:05:57 pm »
WATCH: Fox asks Psaki if Putin will be Biden's scapegoat until after midterms

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Offline LMAO

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #9 on: March 11, 2022, 07:59:20 am »
Quote from: mystery-ak on March 10, 2022, 09:05:57 pm
WATCH: Fox asks Psaki if Putin will be Biden's scapegoat until after midterms

<script type="text/javascript" src="https://video.foxnews.com/v/embed.js?id=6300281393001&w=466&h=263"></script><noscript>Watch the latest video at foxnews.com</noscript>

Lol

Love it
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I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

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Online rustynail

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Re: Inflation Reaches New High as Consumer Prices Jump 7.9%, Highest in Four Decades
« Reply #10 on: March 11, 2022, 08:22:33 am »
We just have WIN

Whip Inflation Now!
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