Economy

Its a huge deal for me. A huge deal for me. My fixed dollar annuity has lost well over 10% of its purchasing power. And unlike stocks, purchasing power does not recover, ever. When its gone its gone, barring a long sustained deflation like we get in a real Depression, which obviously we don't want.

Almost as badly hurt are my other fixed income investments.

Stocks of course, besides having lost nearly 25% year-to-date, have also lost purchasing power beyond that. I expect that will all be recovered and surpassed, but it may take several years.

To be clear, I'm not going to vote for a Repuke because of inflation. And a full-fledged RW yammerhead isn't going to change his/her vote for some RW fuckhead either. But independents / swing voters? Where do you live that rising prices aren't a huge concern? Wages not keeping up with inflation ... shrug? I realize this is DU and we're supposed to be posting how great the economy is doing, and inflation and interest rates are nowhere near as bad as under Reagan, blah blah, but come on.