/biz/ - Business & Finance

>>53054446
Biden told me there's no inflation. Sorry, I think I'll listen to the President of the United States instead of some random poster on 4channel.

>>53054475
It’s transitory

>>53054446
Thankfully all these bullets do not lose value. Take the /leadpill/ bros

AJHHHHHHHHHHHHHHHHHHHHHH

>>53054514
when you say dont lose value, are they worth more now than 3 years ago?

>>53055269
bullets did a 5x in 2020-2022

>>53055308
huh. i wish i could buy them.

>>53054446
isn't this why you must invest? either roll the dice on sketching investments or spend it all and live paycheck to paycheck.

>>53055389
Yeah expect the least sketch investment has done -20% ytd(sp500). While investing in the sp is stupid on /biz/ standards, most people do it. Bonds have also done trash, and bonds make up most retirement and target-date fund portfolios.

>>53055380
I mean they ALREADY did the 5x, so not sure if they'll go up more. Although i do wanna still get my first gun. Im an amerifat so I feel an obligation to stay armed.

>>53055430
yeah probably -30% loss for most people this year, with inflation included. lol savers.

>>53055456
I mean the problem is even more systemic than lol savers. This was sort of the whole mini-budget crisis. Retirement/Pension funds are usually heavily exposed to fixed-income assets because you can immunize fixed-income portfolios. BUT these funds leveraged themselves to the tits because of near-0 interest rates, so when shit went negative(due to rising rates[rates up, bond prices down]), shit went negative FAST.

Is inflation really that big of an issue?

Didn't the Republicans make fixing inflation one of their biggest priorities in the midterms? Most of America came out to vote the Democrats, especially in states like Pennsylvania which are supposedly being hit the hardest.

What gives?

>>53055806
High interest rates are an even bigger issue. If all US debt was serviced at 6% interst, it would cost 80% of the tax base. The US debt's average maturity is 3 years iirc

>>53055806
It also depends on where you believe the inflation is coming from. There is not a real consensus. How would they even fight if they don't know how? Also, if it is by US deficits, then it will be impossible to stop bc the us will never have a surplus.

>>53056115
It's very obviously being driven by Biden's mass-spending.

>>53056127
yeah but spending doessnt go down for republican presidents either. See, the problem isn't red or blue, its just how the US budget is structured. The US will go bankrupt. Its a mathematical certainty, but the question is will the fed choose Hyperinflation or go into a depression?

Throughout history, everyone chooses hyperinflation in the long term.

>>53056142
The other question is: By when? Covid spending really accelerated things -- will things accelerate faster?? See: Obama spent more than all the previous presidents combined, Trump spent as much as obama in half the time, and now Biden is doing covid spending. We are in the accelerating part of an exponential curve.

>>53056127
Look at the clear fucking exponential curve in the CPI -- you can see it in deficit spending too.

>>53054446
It really depends where you send your money and the assets value