Sun 18 Jun 2006
Inflation!
Posted by RichSlick under The Fed
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Holy cow! According to the latest inflation report http://www.bls.gov/news.release/cpi.nr0.htm , inflation is growing at 5.2% but what is truly scary is that these are government manipulated numbers that have “substitution”, “exclusions”, and other “anomolies.” As a general rule, always had 20% to government numbers so you really get inflation growing at least 6.25%!
What are some suggestions for fighting this…
- Go to your local Costco or Sams and load up on as many non-perishable goods as possible. i.e. it’ll all be cheaper today than in 3 months.
- Look for the highest yielding money market, CD, safe bonds out there. Stock market, in my opinion, will continue to drop.
- Lock in contracts at lower rates if possible (natural gas, fuel, energy, etc)
- Invest in tangible property that holds value agains inflation (gold, diamonds, silver, real estate rental property)
- Be cautious with your money!










