RE: Reflection: On Making Difficult Decisions
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It is the people making $2500/hour convincing the people making $25 per hour that the people making $15/hour are the ones creating inflation that are a problem.
Everyone’s insurance has gone up and deductible/claim revenue is at an all time high though (auto) insurance companies are still making an average of 2% profit. So it is not just big business profit gouging that causing the inflation issue.
On the real estate side of things, prices seem to have at least stopped the ridiculous prices of homes around here at least. The world banks are matching stride and have cut interest rates a couple times so I bet more people entering the market will lead to another boom in price so there will probably be no relief there.
Most of us are drinking from a firehose of information that includes everyone’s problems and digitally being assimilated into the flock of chicken littles. I find focusing on the things I can control and creating my little patch of luck is more productive. How many times do we have to brave the ups and downs before we know we will do it again and again by staying within our means, even though they seem to be shrinking this cycle?
Being nervous means you are ready for this big moment so let’s kill it and share that story!
When people claim wage demands drive inflation, I know they haven't examined any real economic theories from any school of thought beyond partisan blame games.
We're increasingly focusing on "the small things" where we actually have a measure of control, and can "add something."
We have an increasingly productive vegetable garden; most of our business endeavors these days are person-to-person.
I step away from the information stream as often as possible because there's so much "noise" it tends to drown out most of the "signal," to the degree there even is a signal any more.