Showing posts with label cost of living. Show all posts
Showing posts with label cost of living. Show all posts

Tuesday, February 13, 2024

$12 Eggs

 $12 Eggs

 
 

Joe Biden has egg on his face. When the cost of a dozen eggs in the grocery store reaches twelve bucks, the economy is broken. Inflation over the past 3 years has ravished the United States far worse than any enemy, foreign or domestic.

This author estimates that we have lost some 50% (that's right, FIFTY percent) of our purchasing power over the past 3 years alone. And it has hit us where it hurts most; housing, food, energy, healthcare, and education. Nobody really cares about the cost of a ton of soybeans, that is literally for bean counters in Washington, D.C.!

The median American has been decimated by rampant inflation in core goods and services. Paying for two wars and absorbing some 5-10% of the existing US population in new migrants has triggered massive price increases across the board. "Free" is probably the most expensive word in existence; trillions in spending adds up, especially if there is not a corresponding increase in productivity. Empty carbs kill.


Wednesday, June 29, 2016

How Does Your Retirement Cashflow Stack Up?


Projected GDP Per Person over the next 5 years through 2020 gives an idea of what the average citizen in each of the following countries makes (either passively or actively) in income. Great snapshot of where investors should be targeting their returns in terms of local fiat currency. Interesting to see the effects of inflation even over a short amount of time in regards to estimated cost of living. Inflation is the enemy that never sleeps.