Let's put aside for a moment that the Fed is a completely immoral, evil institution that should have never been created and the cycle of raising and cutting interest rates to manipulate the money supply is pure kikery at its worst. Also put aside that the widely cited inflation metrics (CPI, PCE) are just selective data sets to create a narrative. Again, kikery.
The Fed raised interest rates to curb inflation. They said they wanted it to trend towards 2% (based on their curated metrics). That would never happen unless they raised rates to at least 6% and sparked a major recession.
Now that the Fed will be starting with a 0.25% cut, it's possible inflation will trend upwards again. Government spending will never slow down. Individual spending isn't going down anytime soon. IIRC credit card debt is at all-time highs.
I think people are being led into a false sense of security that inflation has been tamed, when in reality the worse is yet to come.
Well eggs have already gone from $350 to $360 a dozen at the last west cost markets. I don't buy milk so don't know.
I have seen some food stuffs go DOWN from their place st covid highs. You can buy some canned stuff for less than $1 again.
I think we will see red meat go very high.
House prices have slowed and even retracted some before the rate cut.
I suspect the rash of apartments recent ly built expecting almost 50% or more more rent than last year may not get it.
I suspect other than Bitcoin which I expect to continue to go up the only other money maker will be holding rest dental real estate with renters installed and borrowing against it.
The house flipping move has already peaked as the renovating construction workers are very scarce and very expensive making it not profitable. Also houses that have been renovated or sitting on the market without any interest at all. And at least from the friends I know trying to build a new house has just gone crazy in price from contractors and they have so much work they don't have to negotiate.
So I think housing calls are going to kind of stop going up for a while I think we're going to see the prime foods like red meat go up I think we're going to see the processed foods probably hold their price or go down because they really peaked the most after covid and have come down.
Gas is hard to predict because it's very dependent on who is allowing domestic production and who isn't and that's political.
I do think the big surprise increase will come from the price of electricity. We have a lot of AI companies and others moving into low-cost electricity markets and those are going to raise the cost of electricity and even cause some scarcity problems I suspect
Crackinjokes 0 points 7 months ago
Well eggs have already gone from $350 to $360 a dozen at the last west cost markets.
I don't buy milk so don't know.
I have seen some food stuffs go DOWN from their place st covid highs. You can buy some canned stuff for less than $1 again.
I think we will see red meat go very high.
House prices have slowed and even retracted some before the rate cut.
I suspect the rash of apartments recent ly built expecting almost 50% or more more rent than last year may not get it.
I suspect other than Bitcoin which I expect to continue to go up the only other money maker will be holding rest dental real estate with renters installed and borrowing against it.
The house flipping move has already peaked as the renovating construction workers are very scarce and very expensive making it not profitable. Also houses that have been renovated or sitting on the market without any interest at all. And at least from the friends I know trying to build a new house has just gone crazy in price from contractors and they have so much work they don't have to negotiate.
So I think housing calls are going to kind of stop going up for a while I think we're going to see the prime foods like red meat go up I think we're going to see the processed foods probably hold their price or go down because they really peaked the most after covid and have come down.
Gas is hard to predict because it's very dependent on who is allowing domestic production and who isn't and that's political.
I do think the big surprise increase will come from the price of electricity. We have a lot of AI companies and others moving into low-cost electricity markets and those are going to raise the cost of electricity and even cause some scarcity problems I suspect