Everything Costs So Much!

1630338879913345244497808190309.jpg

Bored

So I know many people do everything on their phones. I don't. I am old and like to have a monitor at least half of the size of the wall! However being stuck at the car dealership for a couple hours, the sheer boredom compels me to opine, albeit on my tiny phone screen. You know, the modern Hive version of Andy Rooney.

Everything Costs So Much.

Have you noticed that everything costs so much nowadays. I bet if you have made a sizable purchase lately, that you quickly became intimately acquainted with the current high inflation environment we find ourselves in today. For example I am here to get a simple brake controller installed. In the old days (like a few years ago) you could go to the local hitch store and have one installed for $200 bucks. Can you believe they want $500 bucks! Say that kind of slow... Five Hundred Dollars! Holy moly that is a lot of money! Now part of that is the fact that it has to be programed into the trucks computer but still....

20210830_121953.jpg

Prices

I just recently bought a 2019 Dodge Ram for $40,000. That is a more than it was new!! Omg! It's three years old and has 14000 miles on it.

BUT

20210830_121926.jpg

They are a lot more now for a new one!

So it doesn't take a financial genius to see the destruction of purchasing power by the silent culprit : Inflation.

20210830_121920.jpg

Inflation

We probably all have seen the pictures of Germany after the First World War where it took a wheelbarrow to bring enough paper money to buy a loaf of bread. Of course nobody want that to happen again, so it is the mandate of the Federal Reserve to try to keep inflation under control. Back when I was a newbie on Wall St they told us it was due to too many dollars chasing too few goods. (People love their stimies lol) IOW words exactly what we see with a sustained environment of ultra low interests rates where the cost of borrowing funds is nearly zero and the government flooding the economy with money.

20210830_121628.jpg

So now Jerome Powell and crew are in a tough spot. Try to keep prices from going more nuts by tightening the reins on the cheap money yet not so much as to throw off the recovery from the pandemic. All we can do is to hope for the best...


The Old Guy Amazon Store ❤️

https://www.amazon.com/shop/paulw

The Old Guy Amazon Store in the UK

https://www.amazon.co.uk/shop/paulw

This page contains Amazon affiliate links. As an Amazon Associate I earn a small commission on your Amazon order at no additional charge to you.

Hear OldGuy music at:

Spotify

Apple/iTunes

Amazon

Old Guy Photos are available at Twenty20


Thanks for stopping by!

All words and images are mine and can be also found on my various social media sites.


H2
H3
H4
3 columns
2 columns
1 column
15 Comments
Ecency