| More Articles | Free Reports | Premium Services Saturday Round Up Fellow Navigator. Charles beat me to my soap-box session I’d planned for today. He wrote to you yesterday about the recent Consumer Price Index (CPI) numbers and the markets’ reaction to them. I’m still climbing onto that soap-box anyway. I’m angry. I’m frustrated. And I’m guessing many, many other Americans are as well. So inflation cooled in July. Good. But, while investors were ecstatic to hear the news because we’ll now get a rate cut for sure… the rest of us are still paying painfully more for things than ever before. In 2020, a pound of steak cost $7.67. In July, it cost $10.85. That’s a 41% increase in the last four years. A Hulu subscription will soon be $18.99 a month. It was just $8 a month in 2020. That’s 137.37% more expensive! Electricity… In 2020, it cost 13.15 cents per kilowatt-hour. In July, it cost 16.43 cents. That’s a 24.9% increase. Gas… It was $1.98 per gallon four years ago. In July, it was $3.60 per gallon. That’s an 81% increase! Big Macs cost 21% more. The price for a dozen eggs has more than doubled (up 104%). Even Top Ramen noodles – for goodness sake – cost 56% more than they did at the beginning of 2020. Yet we should all be doing a happy dance that inflation cooled in July. Why, then, am I not celebrating? Because next month, prices will be even higher. Meaning there’ll be even less money in Americans’ pockets. After all, even though inflation has cooled, there’s still inflation. Because, generally speaking, wages aren’t increasing at the same rate. If the stats can be trusted, wages have increased 22.7% since 2020 while consumer prices have increased 21%, according to a Bankrate analysis of Bureau of Labor Statistics data. If any of those numbers were true, on paper it looks like consumers are earning slightly more than inflation. It’s this kind of B.S. that makes me see red. The average American is suffering. Aging Americans relying on Social Security are suffering even more. This is yet another reminder of the value of being a member of The Freeport Society. This community is focused on cutting through the B.S.… looking behind the statistics and lies. It’s where we consider reality rather than wishful thinking… and where we seek to find investment opportunities that truly help us protect and grow our wealth despite the chaos. Here’s how we did that this week in The Freeport Navigator… | 
ليست هناك تعليقات:
إرسال تعليق