Inflation and what to do?

[BlueWater]

Some news reports are beginning to appear that suggest it's well above 10%.

It'll be interesting to see the various official reports over the coming year or two. I suspect it'll be double-digits for awhile yet.

Perhaps Biden should get into the peanut business, after all's said and done.

 

[mike a]

Just keep a positive attitude like me. I’m positive I’m screwed!

 

[SecondsCount]

Who believes inflation is 8.5%? Our personal experience buying groceries, filling the gas tank, electricity, water, etc shows everything has increased at a much higher rate. The feds manipulate the items used in the calculations to temper the truth. The horizon looks stormy!

I do. The economy is starting to shrink a little which will help flatten inflation. Things have been propped up by stimulus and lack of labor due to Covid but that is starting to fade.

 

[CharlieNC]

I do. The economy is starting to shrink a little which will help flatten inflation. Things have been propped up by stimulus and lack of labor due to Covid but that is starting to fade.

More like 20%!

 

[M-61]

Perhaps Biden should get into the peanut business

Worked well for one JAMES Carter

 

[jackieschmidt]

Items like consumer goods and energy might be running at around 8.75%, but industrial materials are through the roof.
As an example, a little over a year ago, we were paying around $.87 cents a pound for 8 and 9 inch 30 foot long hot rolled bar.

We just ordered 6 bars for 3 new boats and it is quoted at $1.38 a pound.

You do the math.

 

[Will Henry]

This is the real issue, of course. It's bad enough our recreational costs are going up so much but when industrial materials and costs increase so much, it strikes at the foundation of our society. We have been put in a precarious position and my sniveling about the price of powder and primers is just a reflection and unimportant in the grand scheme. WH

 

[hoz53]

I’m not going to do that, life’s to short. What good are those components going to do when they throw dirt on us!

yes ,Im not going to buy anymore, just shoot mine all up. (if i live that long) who knows wat will happen after that

 

[243winxb]

Home heating oil just delivered today- $ 5.799 a gal.

 

[358WCF]

Worked well for one JAMES Carter

Joe doesn't need brother Billy. He has Hunter.

 

[rijndael]

Home heating oil just delivered today- $ 5.799 a gal.

Last fall I locked in my Natural Gas prices. I'm glad I did.

 

[gme]

for those of us who depend on metals to manufacture our products it's brutal, 18 months ago I paid $2.20/pound for aluminum, yesterday paid $4.90, availability of bar sizes we need has been spotty, we're increasingly being forced to buy oversize material and turn it into chips

 

[Bugs]

You know, we can blame all of this energy related stuff (and it's all energy related) on the policies of the current administration, the climate nazis, shutting down pipelines, the internal politics of the energy industry etc. etc. Just know this. . . . when the dust settles, 6 months from now some poor hard-working SOB is going to have to choose between heating his home or groceries, prescription meds for his kids, fixing the car etc. etc. That's what it all boils down to.

 

[jimcasey01]

Real estate prices rise as inflation does, rental prices go up likewise. Real estate and rents almost never go down in price. A basic law of supply and demand. There is only so much dirt out there.

 

[Kracken McGraw]

Real estate prices rise as inflation does, rental prices go up likewise. Real estate and rents almost never go down in price. A basic law of supply and demand. There is only so much dirt out there.

And Joe is letting how many cross the border each day……

 

[hogpatrol]

Boom and bust, it's the American way.

 

[K22]

What to do?

It comes down to choices - not pleasant for sure but maybe it's time to reset and decide what is really important. As long as you have your family and health, the other stuff is relatively insignificant. I'm not smart because it took me a long time to realize this basic truth of life. Unfortunately, sometimes it takes a lot of living, i.e., age to reach enlightenment.

Early in my shooting / hunting lifetime, I had one centerfire rifle and shot factory ammo which it those days was marginal at best. Still, I had a lot of memorable hunts and enjoyment with that one rifle and become 'one' with it developing really fine field marksmanship skills. I hunted deer, varmints, and predators and had many of great days in the field. Those memories cannot be taken away from me and I cherish them.

In my opinion, the government created this mess and it's been a long time coming. But I won't pontificate on that, this is after all a shooting web site.

When it comes to shooting, like others, I've rationed my shooting, cutting back on range time. Like others, shooting is therapeutic for me and a large part of my life for 50+ years. But the costs not to mention the shortage of supplies is making it difficult to continue. I'm towards the end of my shooting career anyway, it's the young guys wanting to get started in the sport that I feel bad for because without them, the sport is doomed.

 

[markT]

Leaving for WY praire dog hunt next week. My buddy has a GMC 2500 diesel. Diesel is $5.39/ gallon. It’s 1700 miles to our location. We could leave take my suburban but he wants to drive. At 18 mph she’s gonna hurt. Components are also re dang dick q luss. But them dogs need to be given flying lessons.

 

[FNSafari]

I remember the interest rates during the Carter administration too. My mom (widow) invested most of her life savings into Treasury Notes at the time that were paying over 10% guaranteed. Mortgage rates were double digits too. And gas lines with alternate day purchasing dependent on your license plate. Things were a lot tougher back then than now. But things were better in other ways too. No weird mental illnesses, the perverts stayed behind closed doors where they belonged, the kids ate everything with little reactions or allergies, and most of the population wanted to work and get ahead.

I have an old CD bank book from the Carter era....18% interest but the inflation rate was over 20%.

 

[WayneShaw]

We have been buying up on things for a while. I have a gas truck and a diesel truck, first an '02 and second a '05. A tank of fuel is over $20 per tank, closer to 30 difference. The diesel will be sitting more than driven, and all my shooting stuff will be transferred from one to the other. It saves the cost of match fees.