Inflation - temporary or long term?

[Fernando]

"An ad valorem tax is a tax based on the assessed value of an item, such as real estate or personal property. The most common ad valorem taxes are property taxes levied on real estate. The Latin phrase ad valorem means "according to value." So all ad valorem taxes are based on the assessed value of the item being taxed."

Ad Valorem Tax: Definition and How It's Determined

An ad valorem tax is a tax derived from an assessed value, such as the value real estate or personal property, with a tax rate applied.

www.investopedia.com

So what's the point. I took Latin in High School.

 

[Artemis Fowl]

four rules for government response.
1. There is no problem
2. There may be a problem and we may do something about it.
3. There is a problem but there’s nothing we can do.
4. There was a problem and we should have done something about it but it’s too late now.

Guess what? The Fed punted once again at Jackson Hole... Not going to raise interest rates...not going to cut back asset purchases. Fed think "inflation" is transitory and will level off (not flatten just go from 5% to 4% or lower...not to our 2% goal) - Worthless. This puts a lot of pressure on the US dollar since other central bankers are raising their rates. If the dollar weakens oil prices go up to compensate for it.

5. There is no problem but we should make something look like a problem so we can push thru policy that would otherwise never pass.

 

[Fernando]

Inflation reported in August prices went up the highest in 30 years. I hope this is not a continual trend.
My tenants are having hard time finding workers.
I'm having hard time finding handyman to work at reasonable fee on some repairs.
This economy is not normal.

 

[Tim Hicks (Texas)]

Inflation reported in August prices went up the highest in 40 years. I hope this is not a continual trend.
My tenants are having hard time finding workers.
I'm having hard time finding handyman to work at reasonable fee on some repairs.
This economy is not normal.

I wonder what could be the cause?

 

[Restrain]

COLA for SS recipients now estimated to exceed 6%. Given that the SS adjustments are always lower than underlying actual inflation rate indicates a base rate well in excess of that. In housing costs, SW Florida has seen an actual hard inflation rate of 30% over the last year. Due to low inventory, materials costs, increasing labor costs. Other areas where there is an influx of population are experiencing similar increases.

 

[Charles West]

Plus for whatever reaccuring reason the Port of Long Beach is still not running flat out with huge container ships from Asia anchored offshore.

 

[Charles West]

More on CA ports. https://justthenews.com/politics-po...ly-chain-system-collapse-california-ports-see

 

[Terrel L. Shields]

an influx of population are experiencing similar increases.

Ain't seen nuttin' yet. Food and Energy...predicting $100/BBL by end of Biden term.

still not running flat out with huge container ships from Asia anchored offshore.

If full of perishables, what is the cost?