Should be able to see them here: https://www.bls.gov/news.release/cpi.nr0.htm

We'll see how hard they're going to push the "wages have to come down right now" thing.

1% in May vs 0.3% in April lol. lmao.

  • mr_world [they/them]
    ·
    3 years ago

    We're just in a shitty situation. Holding cash means losing money. Hold real assets like real estate could mean losing money if there's a housing crash. A market crash will wipe out your pension/retirement. Basically everyone is fucked and there's no real place to put your money that's safe right now. All the inflation hedges are down or trading sideways.

    I can't say you should do a down payment on a home, but interest rates are going up no matter what. Even if next month the CPI is only 0.8%, that's still higher than everyone was wanting/expecting a couple of weeks ago. A couple of weeks ago the Fed was floating they would cut rates by end of 2023. I doubt that will happen now. We're already halfway through 2022. Inflation being more than negative for the next six months means more stagnation.

    If you are going to do a home, do the math and make sure it's a great deal. Find something as cheap as you can tolerate and shop around for the best mortgage. Haggle on everything. Housing is overpriced so don't feel bad about talking someone down on their price. Find a reason why you can't pay their opening offer. Then find another reason why you can't pay their next best offer. In other words, find flaws in the property and make it sound like an imposition to fix it. Be as nice about it as you want, but be blunt and treat it like a negotiation.

    Just make sure you have several months worth of payments on hand. Do not miss a payment to the bank. During 2008 they were taking people's homes away over any small transgression.

    • TheOwlReturns [comrade/them]
      ·
      3 years ago

      Thank you for the advice, my friend. It certainly is hard to make sense of what to do at this point in time economically. I am always planning for the worst, so hopefully I can find a good deal and keep my cost of living as low as possible.

    • PrideBoy [he/him]
      ·
      3 years ago

      I-bonds are tied to inflation so they are at least a way to make sure your savings doesn’t get worth less because of inflation. At least a little bit.

      We are living in a complete bubble economy just like people predicted after the way they bailed out the banks in 2008.

      Capitalism is done for: the question is does it drag the entire world to hell with it on its way out? Probably yes.