Author Topic: INFLATION IS OUR FRIEND  (Read 9928 times)

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Offline akula1488

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Re: INFLATION IS OUR FRIEND
« Reply #15 on: July 16, 2021, 01:54:17 PM »
It is quite sad Americans need  to rely on other countries news agency to get neutral unbiased view of our own state affairs. CNN and MSNBC are nothing more than liberal mouthpiece


They know it but want to hide the facts...bad optics but the reality is not easy to hide...The Carter years are coming back.  New York is already there.. ;D ;D >:D

White House has quietly met with economists fearing inflation could last YEARS - not months - despite publicly saying it would be a 'temporary bottleneck' after the largest surge in prices in 13 years
Top Biden economic aides met with economist Larry Summers Tuesday
Summers has warned about inflation and inveighed against Biden's American Rescue Plan
Fed Chair Powell testified in Congress this week after the government released figures showing a 5.4 per cent jump in inflation in June compared to a year ago
It was the largest spike in 13 years
Powell said inflation will remain 'elevated'
On Thursday Powell called it a 'big uptick'

https://www.dailymail.co.uk/news/article-9793363/White-House-secretly-indicating-inflation-YEARS.html

Offline zubs

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Re: INFLATION IS OUR FRIEND
« Reply #16 on: July 16, 2021, 08:22:22 PM »
If you think inflation is NOT transitory, then it should be ok to buy a house now even with the crazy 25% runup from a year ago.

Offline marmott

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Re: INFLATION IS OUR FRIEND
« Reply #17 on: July 16, 2021, 09:14:53 PM »
I wouldn't call the DailyMail an unbiased foreign news agency but that's just me  ;D

I couldn't find what they meant by years in the article (3 years, 10 years or more?), it would have been nice.

Offline daedalus

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Re: INFLATION IS OUR FRIEND
« Reply #18 on: July 17, 2021, 02:26:10 PM »
If you think inflation is NOT transitory, then it should be ok to buy a house now even with the crazy 25% runup from a year ago.
Is it possible to run high inflation and low interest rates for sustained periods?  Will house prices keep up with inflation if mortgage rates are 6% and increasing?  God help us. 

Offline zubs

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Re: INFLATION IS OUR FRIEND
« Reply #19 on: July 17, 2021, 10:18:27 PM »
I remember when Bernanke was doing QE and he was saying it's never been done before.....we don't know what will happen.
Well that was 10 years ago.  So far so good?

Online morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #20 on: August 10, 2021, 01:16:26 PM »
Wages are rising, but inflation may have given workers a 2% pay cut

Average hourly wages grew 3.6% in June relative to last year, the most in more than a decade.
However, inflation essentially gave the average worker about a 2% pay cut, according to the Bureau of Labor Statistics.

https://www.cnbc.com/2021/07/27/wages-are-rising-but-has-inflation-given-workers-a-2percent-pay-cut.html


Shake Shack plans to hike menu prices 3.5% to offset the rising cost of ingredients and labor as inflation continues to soar nationwide
Shake Shack warned that it will likely raise prices more than it's usual 2% hike

CFO Katherine Fogerty said inflation is raising costs for the burger chain
Shake Shack also hiked its fee for third-party delivery services to 10%
Chain popular in NYC says sales are still not back to pre-pandemic levels

https://www.dailymail.co.uk/news/article-9880381/Shake-Shack-plans-hike-menu-prices-3-5-offset-rising-cost-ingredients.html




Offline qwerty

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Re: INFLATION IS OUR FRIEND
« Reply #21 on: August 10, 2021, 03:52:29 PM »
Yeah I preferred it when I would get a raise and prices remained flat. So much for that.

Offline zubs

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Re: INFLATION IS OUR FRIEND
« Reply #22 on: August 10, 2021, 03:59:02 PM »
Inflation is still here and is still going higher.

How long does it take a company in USA to receive parts after ordering from an Asian vendor?
For the computer parts industry if you order today 08.10.2021, you will get your parts in your CA warehouse after the Chinese New year.


They are suffering the semiconductor shortage as well as the ocean freight delays.

Online morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #23 on: September 02, 2021, 09:37:27 AM »
This should really help...

Can't find what you need at the store? 'Out of stock' is a sign of the times
Shortages show breadth, persistence of chaos roiling the global economy.

Before the pandemic, shipping a 40-foot container of games from Shanghai to the warehouse he uses in Michigan cost $6,000 to $7,000, Poses said. His next shipment, scheduled to leave China in mid-September, will cost at least $26,000. And his freight agent warned him that the price will most likely rise, to $35,000, because of rail and trucking difficulties in the United States.

https://www.startribune.com/out-of-stock-a-sign-of-the-times/600092398/

Online nosuchreality

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Re: INFLATION IS OUR FRIEND
« Reply #24 on: September 02, 2021, 09:47:17 AM »
Take one look out from the beach on a clear day, our ocean is a parking lot of container ships queued and waiting for the port.

Offline eyephone

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Re: INFLATION IS OUR FRIEND
« Reply #25 on: September 02, 2021, 10:53:37 AM »
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.
« Last Edit: September 02, 2021, 11:11:01 AM by eyephone »

Online morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #26 on: September 02, 2021, 11:12:02 AM »
Welcome back Jimmy Carter/Biden...

Back to the Seventies?

AMBRIDGE – With the United States’ disastrous exit from Afghanistan, the parallels between the 2020s and the 1970s just keep growing. Has a sustained period of high inflation just become much more likely? Until recently, I would have said the odds were clearly against it. Now, I am not so sure, especially looking ahead a few years.

Many economists seem to view inflation as a purely technocratic problem, and most central bankers would like to believe that. In fact, the roots of sustained inflation mainly stem from political economy problems, and here the long list of similarities between the 1970s and today is unsettling

The global economy suffered a massive supply shock in the 1970s, as Middle East countries massively hiked the price of oil they charged the rest of the world. Today, protectionism and a retreat from global supply chains constitutes an equally consequential negative supply shock.

Finally, in the late 1960s and 1970s, huge increases in government spending were not matched by higher taxes on the wealthy. The spending increases stemmed in part from US President Lyndon B. Johnson’s “Great Society” programs in the 1960s, later amplified by the soaring cost of the Vietnam War. First Johnson and then Nixon were reluctant to raise taxes to pay for these costs, fearing a loss of political support. In recent years, first the Trump tax cuts, then pandemic-related catastrophe relief, and now progressive plans to expand the social safety net have hit the federal budget hard. Plans to fund these costs by raising taxes only on the rich will likely fall far short.

https://www.project-syndicate.org/commentary/america-facing-1970s-style-stagflation-threat-by-kenneth-rogoff-2021-08

« Last Edit: September 02, 2021, 11:21:23 AM by morekaos »

Offline eyephone

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Re: INFLATION IS OUR FRIEND
« Reply #27 on: September 02, 2021, 11:16:36 AM »
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft.

* not investment advice

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)

Online morekaos

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Re: INFLATION IS OUR FRIEND
« Reply #28 on: September 02, 2021, 11:24:27 AM »
Someone tell the fake guy to wake up. Huge demand is driving up prices.
1. That there was a mad dash for gpus, cpus, miners because of the of crypto. There still is a huge demand even after the LHR (limited hash rate) gpus. Just recently a lot of people were waiting or camping in line at Best Buy for gpus. Through out the pandemic people were lining up in front of stores even based on rumor of store shipment with no guarantee of the store receiving one. Some stores are forcing people to buy combos in order to receive a gpu or other item. This was primarily done during black friday or holiday season in the past. For example, if you a person wants a gpu they have to enter a raffle and if they win then they can buy the gpu, with monitor, motherboard, power supply, gaming case. (combination may vary)
Another way, is to sign up on the website to get email if stock is available. I know someone that waited more than 6 months and got an email that he can buy the gpu at retail price. Scalpers or individuals have sold gpus for double the price or more.
2. Demand for cars soar through the roof. (New and used) Many dealerships not receiving top selling cars or maybe only receiving 1.
3. Other collectables huge demand. Such as Pokemon cards. People waiting in front of Target and Walmart for Pokemon cards. (I am not sure if target still does lines for Pokemon cards) Special clothing/shoe releases.
4. Home goods/home improvement/construction. There has been a huge demand.
5. Electronics - huge demand
6. Video game system - huge demand for the new systems
7. Weights - people creating a home gym

Many more to list. Huge resale market for items mentioned above. Huge demand for everything and not enough supply. If you just woke up and did not know what realize what is happening. Then I suggest you drink some coffee. I know people quit their job just to do resell online.

Fyi - there is an unofficial driver for the new gpus that are lhr. I want to say to get 75% hash rate for ethereum. Huge demand for ethereum because that crypto is used to buy nfts. I guess the so called trend is nft. (Baloney)

* not investment advice (Good thing...leave that to the pro's...you would destroy many.)

Also, waiting list for Tesla is long due to huge demand. (really LONG =P)  (LONG Baloney)

Offline eyephone

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Re: INFLATION IS OUR FRIEND
« Reply #29 on: September 02, 2021, 11:26:17 AM »
He does not have a counter argument.

 

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