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Maybe I’m just lucky, but I’ve been reading a lot more about how we’re headed into a recession (since March 2020) than I’ve actually been feeling it, or even se
by s0sa 4y ago
Maybe I’m just lucky, but I’ve been reading a lot more about how we’re headed into a recession (since March 2020) than I’ve actually been feeling it, or even seeing it. I’m starting to think people just want one. “It’s not my failure, it’s the economy!”
- BuyMyBitcoins 4y agoI sense this is another one of those “Slowly, then suddenly” kinds of things. My grocery bills have slowly crept up, but remain manageable. That being said, I have noticed a few shocking things this last month. The contract on my electricity service is due to renew and the rate has increased by 30%. My insurance premium has gone up by 45%, and I haven’t gotten into any accents or made any claims - I’m told this isn’t unique to me and the industry is seeing 30-50% increases as common this year. Truth be told, I think things are continuing to build up and we haven’t had a Lehman Brothers moment yet.
- theGnuMe 4y agoCorps are boiling the frog slowly. The counter narrative is that this inflation is about corporate profiteering. Wages haven’t grown to increase demand to justify prices.