European inflation hits 24 year high of 4.9%

[Shaul]

Inflation hits 4.9% in EU. That is the highest since1997 and since the introduction of the Euro in 1999.

https://ec.europa.eu/eurostat/docum...7-4379-7fbe-af36-ec2300c42265?t=1638263548305

 

[Suave]

Inflation hits 4.9% in EU. That is the highest since1997 and since the introduction of the Euro in 1999.

https://ec.europa.eu/eurostat/docum...7-4379-7fbe-af36-ec2300c42265?t=1638263548305

I don't need to worry much about inflation, because I am invested in cryptocurrency as a hedge against inflation.

 

[Suave]

I don't need to worry much about inflation, because I am invested in cryptocurrency as a hedge against inflation.

JPMorgan - Bitcoin is Replacing Gold as Hedge Against Inflation.

 

[Shaul]

JPMorgan - Bitcoin is Replacing Gold as Hedge Against Inflation.

Good luck with that.

Warren Buffett blasted Bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto.

 

[We Never Know]

Inflation hits 4.9% in EU. That is the highest since1997 and since the introduction of the Euro in 1999.

https://ec.europa.eu/eurostat/docum...7-4379-7fbe-af36-ec2300c42265?t=1638263548305

From November 10th, 2021

US inflation hits highest level since 1990 at 6.2% as food and fuel prices surge

https://news-sky-com.cdn.ampproject...at-6-2-as-food-and-fuel-prices-surge-12465340

 

[Suave]

Good luck with that.

Warren Buffett blasted Bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto.

F.Y.I. ... My investment portfolio is well diversified among many different asset classes, including indexed stock market mutual funds and REITS ....

For those who don't wish to invest in crypto, REITS might be a good inflation hedge alternative to cryptocurrency.

 

[Shaul]

From November 10th, 2021

US inflation hits highest level since 1990 at 6.2% as food and fuel prices surge

https://news-sky-com.cdn.ampproject.org/v/s/news.sky.com/story/amp/us-inflation-hits-highest-level-since-1990-at-6-2-as-food-and-fuel-prices-surge-12465340?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw==#aoh=16385013366608&referrer=https://www.google.com&amp_tf=From %1$s&ampshare=https://news.sky.com/story/us-inflation-hits-highest-level-since-1990-at-6-2-as-food-and-fuel-prices-surge-12465340

Yeah, I know, there was a thread about this about a week ago.

 

[We Never Know]

Yeah, I know, there was a thread about this about a week ago.

I must have missed it.

 

[Suave]

Yeah, I know, there was a thread about this about a week ago.

I'm sick and tired of people whining about inflation when there are so many ways us investors can hedge against inflation.

 

[Shaul]

F.Y.I. ... My investment portfolio is well diversified among many different asset classes, including indexed stock market mutual funds and REITS ....

For those who don't wish to invest in crypto, REITS might be a good inflation hedge alternative to cryptocurrency.

I think I can be excused since you first were saying you were invested in crypto currency with no mention of other investments.

 

[Suave]

I think I can be excused since you first were saying you were invested in crypto currency with no mention of other investments.

My bad for leaving out the important details. I hope you are also well invested against inflation, because I expect there will be significant price increases due to all the federal government spending on rebuilding our nation's infrastructure.

 

[Shaul]

I must have missed it.

October Inflation Rate 8.6%

 

[We Never Know]

October Inflation Rate 8.6%

That was for a year. The one I posted was for 30 years.

 

[Shaul]

That was for a year. The one I posted was for 30 years.

It is a link to the thread which discusses the U.S. inflation situation including how it hit the annualized rate of 6.2%.

 

[We Never Know]

It is a link to the thread which discusses the U.S. inflation situation including how it hit the annualized rate of 6.2%.

Thanks

 

[Shaul]

My bad for leaving out the important details. I hope you are also well invested against inflation, because I expect there will be significant price increases due to all the federal government spending on rebuilding our nation's infrastructure.

I am quite well positioned. I started divestment of inflation sensitive investments in anticipation of Biden’s election last year.

 

[ChristineM]

I'm sick and tired of people whining about inflation when there are so many ways us investors can hedge against inflation.

Not good news for those who cannot afford to invest though.

 

[Twilight Hue]

I am quite well positioned. I started divestment of inflation sensitive investments in anticipation of Biden’s election last year.

Anytime Democrats take office, prepare for hyperinflation to erupt just about everywhere and with everything.

I'm guessing it's the same over the pond.

My emergency storehouse of Ramien Noodles proved quite useful during the Biden administration so far over here.

 

[Twilight Hue]

Not good news for those who cannot afford to invest though.

Really.

A good share just live paycheck to paycheck barely scraping by.

 

[ChristineM]

Really.

A good share just live paycheck to paycheck barely scraping by.

Try investing on a basic pay check when you need to make a choice - heating or food... Very difficult to invest anything when you can't even invest in life