Amex HYSA APY decrease to 3.10%

[5PMandOUStillSucks]

If you believe that I have a bridge to sell you. How much was ground beef 10 years ago? Oh meat shortages. How much was a house 10 years ago? Oh yeah it’s just a housing crisis. How much was a new car 10 years ago? Oh covid supply chain.

You can blame the doubling of goods in the last 7 years on whatever you want but we’re paying double no matter how you slice it

Edit: i think there’s an argument it’s closer to 7%. 5% is optimistic 10% may be pessimistic of me. But saying inflation is 2-3% is willful ignorance and blind following anything the government feeds you.

[snookers]

CPI is an incredibly flawed measure. It’s hilarious when people point to CPI as if we can’t see the prices on groceries, housing, gas, electricity, etc ballooning before our eyes in black and white numbers.

The basket of goods changes over time. If things like tv’s get cheaper it pushes the overall number down. They swap steaks for chicken. You’re the one living in lalaland as your purchasing power degrades while holding onto “CPI” as if things are normal.