In Reply to: 5.9 raise for SS? posted by Bruce(OR) on December 10, 2021 at 11:30:53:
Share prices follow profits.
An increase in the supply of money is the root cause of inflation.
Two truths worth following. But the spin doctors will offer up several competing ideas. What the average family quickly finds out is things cost more. It is hard to escape.
Could be a jug of milk, sheet of plywood, pulley belt for the car.
Up here our spender in chief has promised to increase OAS, old age security by 10% starting soon. About $63.50 for me. The current food prices have increased by about the same amount.
On another front we here about affordable housing all the time. Unless someone else pays for it, housing is not affordable in these parts. Renting is a problem.
House down the road from me is for sale, about $500,000. That amount at 5% is worth about $2,000 per month, yet renters would like to rent it for about half that much.
Oh dear. Island Mike