iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,430 Blog Posts

Trump: America Has VERY LOW Inflation; The Fed Doesn’t Have a Clue

It’s a beautiful thing, truly — lack of inflation and all that. Family healthcare is running hot nearing $2k per month. You have to make $200k to insure a family of 5 in a proper way, otherwise pay cash and cross your fingers that no one gets sick.

Life at the grocery store has never been better, for grocers. Trying to feed a family of 5 organic food will cost you anywhere from $1750 to $3200 per mo, believe me. Couple that with your beautiful non-inflationary healthcare expense, and you’re looking at over $50k in expenses — and we’re not even getting started on cars, cost of living, and of course mortgages.

In other news, The Fed has no idea what they’re doing!

Bear in mind, had it not been for those rascal kids at the Fed meddling in Trump’s affairs, the market would be TEN THOUSAND points higher.

 

I know, I know…

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8 comments

  1. ferd

    Just heard throughout flyover country: “Hey Martha, look what this precious fella from Princeton said it costs to live.”

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  2. WrongView

    I live in flyover country and my health insurance costs about the same.

    Hoping that many years from now I develop a fully-covered, relatively painless, extremely expensive, chronic condition. Because at this point, having been blessed with good health and a healthy family (knock wood) I am about $250k in the hole on health insurance.

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    • metalleg

      Same for me except it’s for life insurance.

      I’ve been paying for life insurance for 27 years, since my first child was born, and I have yet to get any use from it!

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      • numbersgame

        The only reason to hold life insurance policies is if you are the major household breadwinner and you have dependants.

        Some investment advisors will tell you to buy it for tax reasons, but unless you have $10M+, your beneficiaries won’t pay tax anyway.

        If you held a term-life insurance polices, then the rates are probably are good deal for you. However, it may still me more beneficial for you to sell your insurance policy to a third party so that *you* can benefit from it if you think your kids will be fine without a big inheritance.

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  3. MSGT HARTMAN

    Sounds like a day trader that blew up his account buying high and selling low, complaining about everything under the sun.

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  4. omfgitsjd

    Wish this damn bitcoin would tick up.

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  5. CoinSpeak

    $600/mo for healthcare for single male here. Deductibles high and one prescription is over $100/month.

    Totally fine.

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  6. numbersgame

    There is no free ride. That is the lie sold by the Democrats. If you think that everybody should be covered, then healthy people will be subsidizing the $100k costs of Cancer patients.

    In many cases, costly health issues (ie, cancer) are the (bad) luck of the draw, so maybe it is fair that those costs are socialized. However, should non-smokers subsidize smokers? Should vegan joggers subsidize fast-food couch potatoes? Should Millenials subsidize Baby Boomers? Should singles subsidize familes (more than they already do through the tax code)?

    There is a middle-ground between the pre-Obamacare days and Medicare-for-all, but it requires hard decisions.

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