inflation

[GeoFisher]

GEO-SMS. We need the govt to mandate that to news networks.

Observations:
1. Of 40 items on my frequent buy history at Sams, I’ve seen about a 15-20% increase in beef and pork only.
2. 3 months ago gas was 3.25, today it was 2.65.
3. Savings and cd rates are down from rates I saw as high as 2.3 to 1.15. Offsetting that car loans and home loans are less with rates down too, and my small retirement funds are seeing 7- 9% higher returns than a year ago.
4. Used car prices are up, so cost more but your trade is worth more too.
5. Home prices are stupid high and ouch the PVA noticed. But that also means I got more to write off my taxes- fed this year.

So to me it ain’t great, but it don’t stink as bad as the headlines are reading . How about you all? What ya really personally seeing?

1. Yea meat prices in particular are definitely up.
2. Gas is still high in most areas. Some with close refining have rebounded a little, but still high, and WAY off of the 2.20 prices of a year ago.
3. I don't save in CD's so I don't know a whole lot about those rates, but bond rates are completely off, which is a sign of inflation.
4. That is a horrible argument. Used car prices are up and it is ok for other car prices to be up? Nope. Inflation is rampant in the vehicle market.
5. Home prices are stupid high. And I don't think you get more to write off, those writeoffs went away for most people, Maybe not you .

I don't buy that your retirement funds are seeing 7-9% higher returns. If you are a big investor in CD type funds, I"m assuming you are not in higher risk stuff in 401k's and stocks........ I play that market pretty well myself, and 7-9 percent higher than the last year, means you are a stock genius......Maybe you are, in which case, I'd like to get some of your advice .

The markets did perform well..........I made better than my average, which will guarantee me a solid retirement, but I did not do 7-9 percent higher.

Later,

Geo

[GeoFisher]

I should also say that you all know I do a 7 week trip to Dale Hollow. I know for a FACT that my costs totally for that trip were up 30 percent. I have EXACT costs, for every item:

Food
Cabin
Slip
Gas
Gas on the Water
Electric Rates ( I asked her)
Fishing Lures, when you can FIND them

On the Slip, I had the marina tell me STRAIGHT up that it has been a bad year, and that they needed to raise the slip rate 25%.


So, from a very personal side view, I know we are in an inflationary period, and the next few years are going to be ugly, IMHO.

I also know that from everything I'm seeing my KY Lake trips will cost upwards of 25% more.