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Thread: Consumer Price Index

  1. #13

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    Default Re: Market News

    Those cheering the 5.9% increase in cost of living for Social Security need to look at the other side of the coin. Health care will go up at least 5%. If anything else goes up, you're still losing money.

    Health care is a joke at the federal level. I have no idea why I'm paying the same as a 65 year old diabetic.

    I'm still on the transitory side though. Much of this is self fulfilling. Articles now about people doing Christmas shopping now so they don't have to worry about supply issues. The oil/energy issues are a result of bad policies and forcing solar, etc. down everyone's throats. Some type of renewable energy will be here in the future, but it won't happen overnight. No incentives for large companies to drill thanks to public shareholders (re: XOM, Engine No. 1). The only companies doing any drilling or exploration will have to be private ones that don't answer to large shareholders such as Black Rock and Vanguard bound by ESG and other acronym mandates popular on social media.

    The nat gas fiasco worldwide can be blamed 100% on bad policies. Europe wants to "go green" and have NATO in their backyard, but can't break free from Nord Stream supply.
    Last edited by Bullitt; 10-13-2021 at 10:48 AM.

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  3. #14

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    Default Re: Market News

    Quote Originally Posted by Bullitt View Post
    I have no idea why I'm paying the same as a 65 year old diabetic.
    Sorry if that post got off topic. To clarify here, there should be incentives for people to maintain a healthy lifestyle. Sure, there are underlying health conditions, but when you pay a flat rate no matter what, where's the incentive to stop unhealthy behaviors such as smoking? In the end we all pay for it. My health care costs are going up 10% from 2020 to 2022. That's a big hit.

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  5. #15

    Default Re: Market News

    U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years

    The consumer price index surged 6.2% from a year ago in October, the most since December 1990.

    Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since November of the same year.

    Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.
    https://www.cnbc.com/2021/11/10/cons...x-october.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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