Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (12011)	9/27/2021 12:22:59 AM
From: Kirk ©	2 Recommendations Recommended By berniel Investor2 Read Replies (1) \| Respond to of 26918

That looked like a tough course! Inflation... lies the government tells us! I've been keeping "score" of a few places we like to eat. They can change the portion size and quality of food, but for this one they have kept it the same and let the prices soar. I get a kick out of how so many claim there is no inflation... but with the min wage in the Bay Area soaring to keep workers and meet all the health care and vacation requirements... you tell me how much inflation there is for a few select items we like to order from a Korean restaurant that had Michelin nods before the pandemic. A rough estimate is 10% a year for this restaurant. Pictures of Seafood pancake and stir-fried squid with veggies (HOT!) facebook.com Jang Su Jang Food Inflation 2017 is December 2017 2019 is September 2019 2021 is September 2021 Appetizers #3 Seafood Pancake - Haemul Pajeon 2017 $18 2019 $22 2021 $24 Noodles #3 Hand-cut Noodle soup with seafood 2017 $14 2019 $16 2011 $20 Tofu Soup #4 Oyster Soon Tofu 2017 $12 2019 $14 2021 $19 Fish #2 Stir-fried squid with vegetables 2019 $25 2021 $30 Jungsik #7 L.A. Galbi BBQ beef short ribs 2017 $22 2019 $25 2021 $30 Jungsik #3 Bulgogi Marinated Sliced beef ribeye 2017 $18 2019 $21 2021 $28 Of course we could probably buy a restaurant with all the money made in stocks during this time... or eat out every night if not for health concerns. but it is fascinating to measure REAL inflation people feel.

To: robert b furman who wrote (12011)	9/28/2021 10:04:47 AM
From: Kirk ©	1 Recommendation Recommended By robert b furman Respond to of 26918

Like I said... inflation is SOARING and it is finally too high to hide. FWIW, the politicians LOVE high inflation even thought it is devastating to their constituents because it kicks people into higher tax brackets AND they collect tons more in Taxifornica on property, sales AND income taxes that they can hand out like candy in exchange for votes to deadbeats who don't want to work or pay rent. S&P Corelogic Case-Shiller Index Reports Record High 19.7% Annual Home Price Gain in July NEW YORK, SEPTEMBER 28, 2021: S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for July 2021 show that home prices continue to increase across the U.S. More than 27 years of history are available for the data series and can be accessed in full by going to spglobal.com. YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 19.7% annual gain in July, up from 18.7% in the previous month. The 10-City Composite annual increase came in at 19.1%, up from 18.5% in the previous month. The 20-City Composite posted a 19.9% year-over-year gain, up from 19.1% in the previous month. Phoenix, San Diego, and Seattle reported the highest year-over-year gains among the 20 cities in July. Phoenix led the way with a 32.4% year-over-year price increase, followed by San Diego with a 27.8% increase and Seattle with a 25.5% increase. Seventeen of the 20 cities reported higher price increases in the year ending July 2021 versus the year ending June 2021. The charts on the following page compare year-over-year returns of different housing price ranges (tiers) for Phoenix and San Diego. Full Article spglobal.com