"Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."BD88 said:
While written in June 2022, percentages are still pretty close. Those that scream this is all about money printing are incorrect. Currenty, this is mainly a SUPPLY side issue unless you have verifiable proof it is something else. I would like to see it.
San Francisco Fed Research Department - How Much Do Supply and Deman Drive Inflation
BD88 said:
While written in June 2022, percentages are still pretty close. Those that scream this is all about money printing are incorrect. Currenty, this is mainly a SUPPLY side issue unless you have verifiable proof it is something else. I would like to see it.
San Francisco Fed Research Department - How Much Do Supply and Deman Drive Inflation
You just pointed out the sheer lunacy, if not outright lying by these people.YouBet said:That dude conflating all kinds of stuff. The semi-conductor issue is not an inflation issue - it's a national security issue. We have to build more here because we otherwise are dependent upon one country that is a target of China. It also doesn't necessarily mean that it brings the price way down. It's going to cost more to build them here than elsewhere because we will pay more to get it done.Tom Kazansky 2012 said:Nailed it.Tom Kazansky 2012 said:LMCane said:
does OldAg miraculously appear in August when the inflation rate is 8.9%..
crowing about how "inflation has peaked and is now coming down to Biden's wonderful statecraft!"
I heard a good guess that I too am hitching my wagon to. We aren't governed by rational people in this country.
We see inflation soar well into September and then we see rates lower and spending start getting even more stupid around October because "we have to get the economy stimulated" will be crowed by this admin.
Gird your loins. Next year and the year after are going to have a reckoning the likes of which we haven't seen in a long time.Biden Admin Senior Gaslighter @BrianDeeseNEC on the worst inflation in 100 years: "More urgency than ever to pass" new spending bills pic.twitter.com/v48nkEcLCY
— Tom Elliott (@tomselliott) July 13, 2022
You have to be f'ing kidding me? I think most of us agree there are a mix of things causing inflation but this "analysis" is further proof of what I've been saying about this entire deal - that money printing is abjectly ignored by the supposed "experts". As if it never happened!!!!BD88 said:
While written in June 2022, percentages are still pretty close. Those that scream this is all about money printing are incorrect. Currenty, this is mainly a SUPPLY side issue unless you have verifiable proof it is something else. I would like to see it.
San Francisco Fed Research Department - How Much Do Supply and Deman Drive Inflation
Did you read the report? Demand is due to money printing. Hard for some to understand. Pretty sure demand was discussed. AGAIN, feel free to share verifiable evidence that staes your case unless of course there is a political narrative you are pushing. I would really like to read it.YouBet said:You have to be f'ing kidding me? I think most of us agree there are a mix of things causing inflation but this "analysis" is further proof of what I've been saying about this entire deal - that money printing is abjectly ignored by the supposed "experts". As if it never happened!!!!BD88 said:
While written in June 2022, percentages are still pretty close. Those that scream this is all about money printing are incorrect. Currenty, this is mainly a SUPPLY side issue unless you have verifiable proof it is something else. I would like to see it.
San Francisco Fed Research Department - How Much Do Supply and Deman Drive Inflation
There wasn't a single sentence in this generic and meaningless analysis about the printing of money. That is flat out negligence of an analysis and a joke, accordingly.
Are you stating that money printing had no impact on inflation?
Quote:
Be sure to allocate portfolios accordingly.
I did read it. Am I supposed to assume demand driven price changes are caused by money printing in this analysis? It seems like that would be mentioned but maybe that's on me for not knowing if that's common practice to just assume that.BD88 said:Did you read the report? Demand is due to money printing. Hard for some to understand. Pretty sure demand was discussed. AGAIN, feel free to share verifiable evidence that staes your case unless of course there is a political narrative you are pushing. I would really like to read it.YouBet said:You have to be f'ing kidding me? I think most of us agree there are a mix of things causing inflation but this "analysis" is further proof of what I've been saying about this entire deal - that money printing is abjectly ignored by the supposed "experts". As if it never happened!!!!BD88 said:
While written in June 2022, percentages are still pretty close. Those that scream this is all about money printing are incorrect. Currenty, this is mainly a SUPPLY side issue unless you have verifiable proof it is something else. I would like to see it.
San Francisco Fed Research Department - How Much Do Supply and Deman Drive Inflation
There wasn't a single sentence in this generic and meaningless analysis about the printing of money. That is flat out negligence of an analysis and a joke, accordingly.
Are you stating that money printing had no impact on inflation?
Never too late to un starNOyster DuPree said:Decay said:ProgN said:
I'd love to know the 12 idiots that starred his OP.
I'm guessing… people who got drunk and starred it by accident
Right here
I don't think you understand the meaning of the graph.BD88 said:
Perfect for the simpletons. Almost as good as quoting an economist.
Bound to make us dumber and make poor decisions.Redstone said:
TITLE
Fed tackles inflation with its most diverse leadership ever
QUOTE
"Leadership at the Federal Reserve has become its most diverse ever. There are more female, Black and gay officials contributing to the central bank's interest-rate decisions than at any time in its 109-year history."
LINK
https://apnews.com/article/inflation-united-states-jackson-wyoming-economy-935581a0036858b89bcb2ca6c72b498d
Inflation is our strength.
BD88 said:
While written in June 2022, percentages are still pretty close. Those that scream this is all about money printing are incorrect. Currenty, this is mainly a SUPPLY side issue unless you have verifiable proof it is something else. I would like to see it.
San Francisco Fed Research Department - How Much Do Supply and Deman Drive Inflation
Ag with kids said:"Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output."BD88 said:
While written in June 2022, percentages are still pretty close. Those that scream this is all about money printing are incorrect. Currenty, this is mainly a SUPPLY side issue unless you have verifiable proof it is something else. I would like to see it.
San Francisco Fed Research Department - How Much Do Supply and Deman Drive Inflation
Long road sure doesn't sound "transitory".Quote:
Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the Bureau of Labor Statistics reported Tuesday.
The consumer price index, which tracks a broad swath of goods and services, increased 0.1% for the month and 8.3% over the past year. Excluding volatile food and energy costs, CPI rose 0.6% from July and 6.3% from the same month in 2021.
Economists had been expecting headline inflation to fall 0.1% and core to increase 0.3%, according to Dow Jones estimates. The respective year-over-year forecasts were for 8% and 6% gains.
Energy prices fell 5% for the month, led by a 10.6% slide in the gasoline index. However, those declines were offset by increases elsewhere.
The food index increased 0.8% in August and shelter costs, which make up about one-third of the weighting in the CPI, jumped 0.7% and are up 6.2% from a year ago.
Medical care services also showed a big gain, rising 0.8% on the month and up 5.6% from August 2021. New vehicle prices also climbed, increasing 0.8% though used vehicles fell 0.1%.
Markets slumped after the news, with futures tied to the Dow Jones Industrial Average down nearly 350 points after being higher earlier.
"Today's CPI reading is a stark reminder of the long road we have until inflation is back down to earth," said Mike Loewengart, head of model portfolio construction for Morgan Stanley's Global Investment Office. "Wishful expectations that we are on a downward trajectory and the Fed will lay off the gas may have been a bit premature."
OP isn't worried about it, you MAGA extremist. This is just transitory.CDUB98 said:
The thread that keeps on giving.
Ellis Wyatt said:OP isn't worried about it, you MAGA extremist. This is just transitory.CDUB98 said:
The thread that keeps on giving.
Oldag2020 said:
3 weeks ago I would have said inflation was higher for longer than expected, but it would still decrease to approximately 3% over the next several months.
However, the Ukrainian invasion has dramatically changed my opinion. There is real reason to be extremely concerned about inflation and a potential recession. The fed is going to be forced to raise interest rates dramatically to slow the inflation (which is still in my opinion caused by supply chain disruptions). Our risk of recession is going to increase dramatically when interest rates rise.
Stagflation is becoming a legitimate issue and I'm afraid this isn't going to be pretty.
Invest in real estate. Invest in treasury inflation protected securities (TIPS). Especially if close to retirement. Get a good financial advisor if you don't have one. Ensure you're properly allocated.
