Inflation . . .
- Thread starter Sope Creek
- Start date
Joe: "Don't worry - inflation is only 4%!" over the 8% from one year ago. See, it's slowing down.
Consumer: well no shit.
Inventory is way down. What spurs growth in that market? How do we get developers cooking again?I though supply side was where it is at, we need more supply.
What about those living on the underground economy? Cash jobs, drug dealing, living on government checks? They're not in the 'looking for work' category.
We're not going to get more supply when people can't make their mortgage payments.I though supply side was where it is at, we need more supply.
just like you, most are here to bury the truth as deep as they can, not read or grasp it.
the animosity and push back towards my posts isn't due to my being wrong.
it's due to my being absolutely correct, and telling truths you and others are here for the specific reason of burying, no matter how many lies that takes..
that said, anyone that wants to know the real truth behind PRICE GOUGING falsely passed off as "inflation", and why prices are as they are, need just read my post as quoted, even if it does take longer than reading lies.
unfortunately, economic truth and corporate pricing dynamics, are much more difficult to condense into a sound bite or even 2 sentence statement, than are lies.
on the other hand, it is the real truth behind the subject at hand, for anyone actually looking for the real truth rather than to bury it.
Didn't read. Every one of your posts looks like you threw up on the screen.
The reason for inflation, is because Biden war on fossil fuels!
Just repeating one of Joe's favorite phrases.
His daddy told him that when they were sitting around the kitchen table, discussing economics.
Short term we need to build. Long term, Bitcoin, will lower the prices. It’s going to be a great time in Nashville with the Texan.
It didn’t until Volcker.
It's down to 4%, so the Fed's interest rate increase policy seems to have worked.
Inflation rose at a 4% annual rate in May, the lowest in 2 years
The consumer price index was expected to rise 0.1% in May, according to the Dow Jones consensus estimate.www.cnbc.com
I'm surprised this news hasn't been reported on this board, given the interest the topic garnered before.
We're getting there. I feel like I'm still noticing some big jumps over the last few months, but most of that is food-related, so it's getting excluded.
The real question is, can we maintain consumer spending enough to ensure we don't have deflation.
That may be a great question. I see more stimulus in our future.
U.S. Money Supply Is Doing Something Not Seen Since the Great Depression, and It May Signal a Big Move to Come for Stocks | The Motley Fool
It's been 90 years since M2 money supply has contracted by at least 2%.
www.fool.com
Once they printed trillions of dollars and shut down supply we were getting inflation and the FED couldn’t do anything about it. Massie comment was a little flippant, but it wasn’t dumb.
That may be a great question. I see more stimulus in our future.
U.S. Money Supply Is Doing Something Not Seen Since the Great Depression, and It May Signal a Big Move to Come for Stocks | The Motley Fool
It's been 90 years since M2 money supply has contracted by at least 2%.
You can’t taper a Ponzi scheme. There will be a lot more stimulus in the future.
Sure it was. It was catering to your view. They didn't shut down supply btw. No reason to keep mixing up areas of government.
That may be a great question. I see more stimulus in our future.
U.S. Money Supply Is Doing Something Not Seen Since the Great Depression, and It May Signal a Big Move to Come for Stocks | The Motley Fool
It's been 90 years since M2 money supply has contracted by at least 2%.
Woof. That's exactly what the bears have been claming is going to happen. To Sope's point, we still clocked 2% GDP growth in Q1 (revised upwards from 1.3%), but it does feel like there are still clouds on the horizon.
That may be a great question. I see more stimulus in our future.
U.S. Money Supply Is Doing Something Not Seen Since the Great Depression, and It May Signal a Big Move to Come for Stocks | The Motley Fool
It's been 90 years since M2 money supply has contracted by at least 2%.
On the plus side, velocity seems to be holding up
Compared to what we've seen in past recessions
Closing businesses shuts down supplies of goods. The FED isn’t a magic unicorn that can produce goods. Carry on with your silliness.
Again you seem to be confusing different branches of government. The Fed didn’t shut down any businesses.
Or “they” was referring to the government. Come on dude. We were both alive and it happened a few years ago. We both know who shut down supply during Covid. On second thought maybe it was Powell outside my gym who wouldn’t let me in?
I’d prefer you call me a f#cking idiot than read these disingenuous douche bag posts. I hope a sparkler burns your fingers.
You're a f#cking idiot.
I thought about trying for a hot minute, but nah.
Good luck, gentlemen. Happy Independence Day!
The rhetoric from the fed gov with fauci and the rest emboldened Dem execs at the state and local levels to shut down businesses. The feds were the impetus. Hell it took lawsuits here from the AG to even open schools. Now the guy is a US senator
Agreed. I sense we're getting "there" too.
I do worry about a deflationary spiral. I think Marv's right . . . stimulus is likely in our future . . . but will it be in the form of lower interest rates and QE? Or will it come from a fiscal source . . . tax cuts (that would be needed) or other deficit spending programs? A combination of lower rates, QE, and fiscal programs?
I dunno.
Bidenomics Is a Big Bust
hotair.com
Nah, this is Bidenomics:
First and foremost, it has been the economic reality that for most families, in 22 of the last 25 months, inflation has outpaced wages. So how can the White House claim that worker pay is rising?
Here’s the trick that the Biden number crunchers are playing: The White House is touting the rise of nominal hourly earnings, i.e., wages before inflation, since Biden took office. That part of the story is true. But as in the 1970s with double-digit inflation, nominal wages rose, but families got financially crushed because prices were rising so much faster. Today, prices have risen even faster, so those larger incomes buy less. Average hourly earnings are up by $3 an hour before inflation, but down by a little more than $1 an hour in terms of purchasing power.
Quite a bit of consumer spending right now is related to debt, which is costing more to hold. We are in a pickle.
Been a while, my man. How's farming doing with the total economic collapse we're currently suffering?
H
Farming has been good. There's just a lot more risk and capital involved. It's been a trend across all sectors.
Hey, how have you been UM? Did you ever fully retire? I remember it was still up in the air in the middle of all this chaos. I've missed you guys.
Farming has been good. There's just a lot more risk and capital involved. It's been a trend across all sectors.
This is why the surveys have consumer confidence low, but the overall economy is doing better than consumers perceptions. My assumption is it’s just taking longer for the other foot to drop because of the amount of money that was pumped into the system. We shall see.Bidenomics Is a Big Bust
Nah, this is Bidenomics:
First and foremost, it has been the economic reality that for most families, in 22 of the last 25 months, inflation has outpaced wages. So how can the White House claim that worker pay is rising?
Here’s the trick that the Biden number crunchers are playing: The White House is touting the rise of nominal hourly earnings, i.e., wages before inflation, since Biden took office. That part of the story is true. But as in the 1970s with double-digit inflation, nominal wages rose, but families got financially crushed because prices were rising so much faster. Today, prices have risen even faster, so those larger incomes buy less. Average hourly earnings are up by $3 an hour before inflation, but down by a little more than $1 an hour in terms of purchasing power.
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Oh hell yes. Has it been that long? I quit working full time in Dec 2020, but started doing deliveries part time for NAPA in Jan 21.
Hard to believe in the current economic climate. I figured farmers would all be going bankrupt and selling their family farms and dashing their childrens' dreams of tilling the soil and feeding the world. Silly me.
Yeah, it's been a while since I've been on here. I drop by and lurk occasionally, but not enough to know the inside scoop like I used to.
Well, it ain't over yet.🙃
I've yet to see anyone here talk about being unable to afford anything they really need or want in today's economy. Lot's of bitching, to be sure. But no one seems to have been unable to buy a car or go on vacation or eat out or buy groceries or pay the mortgage. Hell, I haven't even heard of anyone here doing any belt tightening to speak of.
