Rule of 72 applied to "inflation"

[<SLV>]

The Rule of 72:

72 / interest rate = number of years to double money.

Right now, at CPI 7% the price of goods will double in about 10 years. Of course, thus actually means that the value of the FRN will be cut in half in 10 years (assuming a constant CPI of 7%... and assuming the CPI is an honest measure of inflation).

How many of you expect your salary to more than double in the next 10 years?

 

[Goldhedge]

... that is if you can believe the CPI is 'correct'....

 

[pmbug]

Lots of grocery items in my area have already doubled over the last year or so. Whether these prices are sticky or come down after supply chain and fuel/fertilizer cost disruptions get alleviated remains to be seen.

 

[Goldhedge]

Oddly, I expected gas at the pump price to go up after the midterms, but they've actually gone down a bit here.

Maverik is $2.54 reg

If that continues it will help reduce inflation... somewhat.

 

[pmbug]

Oddly, I expected gas at the pump price to go up after the midterms, but they've actually gone down a bit here. ...

Discussion belongs in Politics forum, but at a high level, OPEC was not trying to help current POTUS administration.

 

[cheka]

Discussion belongs in Politics forum, but at a high level, OPEC was not trying to help current POTUS administration.

pols are one of the biggest drivers of this historic surge in inflation. hard to discuss/predict without including them

 

[cheka]

Oddly, I expected gas at the pump price to go up after the midterms, but they've actually gone down a bit here.

Maverik is $2.54 reg

If that continues it will help reduce inflation... somewhat.

like everything else that they trade - transactionalists often do things that separate price from discovery and/or fundamentals. oil and it's derivs are in that sphere

 

[Goldhedge]

does this fit ?

https://truthsocial.com/users/DevinNunes/statuses/109507438540010022