The New CS Board

[jumanji0881]

Welcome to Inflation 2022 -

$29,000 for a used car? Blame inflation. (msn.com) : https://www.msn.com/en-us/money/news/29-000-for-a-used-car-blame-inflation/ar-AASodMM?ocid=msedgntp

My Comment: Consumers priced out of housing and autos. Food prices keep rising. Lumber prices are through the roof, crude oil and natural gas are in short supply and rising and the ultimate inflation hedge, gold, is struggling to maintain $1800/oz while the stock market keeps going higher. There will be a huge price to pay once the asset bubbles in stocks, bonds, realestate, and collectibles burst.

Excerpt:
Consider that the average price of a used vehicle in the United States in November, according to Edmunds.com, was $29,011 — a dizzying 39% more than just 12 months earlier. And for the first time that anyone can recall, more than half of America's households have less income than is considered necessary to buy the average-priced used vehicle.