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Everything’s Deflating And Nobody Seems To Notice
Zero Hedge - Automatic Earth ^ | 10-22-2015 | Tyler Durden - Ilargi Meijer

Posted on 10/22/2015 10:19:33 AM PDT by blam

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To: Lee'sGhost
"Care to provide any context with the graph? I mean, other than copper is going down.

Doctor Copper

DEFINITION of 'Doctor Copper'

Market lingo for the base metal that is reputed to have a Ph.D. in economics because of its ability to predict turning points in the global economy. Because of copper's widespread applications in most sectors of the economy - from homes and factories, to electronics and power generation and transmission - demand for copper is often viewed as a reliable leading indicator of economic health. This demand is reflected in the market price of copper. Generally, rising copper prices suggest strong copper demand and hence a growing global economy, while declining copper prices may indicate sluggish demand and an imminent economic slowdown.

21 posted on 10/22/2015 10:40:07 AM PDT by blam (Jeff Sessions For President)
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To: blam
The overarching problem with all this is that if you look just at -consumer- price movements to define inflation or deflation, you will find it impossible to understand what goes on.

In other words, we've been predicting massive inflation for 7 years, this is our explanation for why we were really, really wrong.

22 posted on 10/22/2015 10:42:44 AM PDT by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: blam

Everything except my McDonalds value meal, which has increased in price by about fifty percent over the last several months.


23 posted on 10/22/2015 10:46:10 AM PDT by jpl ("You cannot defeat an enemy you do not admit exists." - Lt. General Michael Flynn)
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To: blam

For sure, you don’t want to be “that guy” who bought CAT at $106. :-)

But I’m betting that in a couple years I’ll be selling my $63 CAT at $106...


24 posted on 10/22/2015 10:49:09 AM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: SamAdams76

I haven’t even noticed, maybe that’s why my beer belly is shrinking.


25 posted on 10/22/2015 10:52:30 AM PDT by Marcus1967
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To: Mr. K

Boxes getting smaller = Obamasized


26 posted on 10/22/2015 10:52:34 AM PDT by frithguild (The warmth and goodness of Gaia is a nuclear reactor in the Earth's core that burns Thorium)
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To: Toddsterpatriot
"In other words, we've been predicting massive inflation for 7 years, this is our explanation for why we were really, really wrong. "

I don't know.

I don't believe anything I read anymore.
I posted the below article last week because it made me chuckle that it 'sounds like me.' (Up is Down/Down is Up)

"I Woke Up This Morning After Horrible Economic News, First Question Was How Much Are Stocks Up"

27 posted on 10/22/2015 10:52:41 AM PDT by blam (Jeff Sessions For President)
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To: blam

Thank you.


28 posted on 10/22/2015 10:58:11 AM PDT by Lee'sGhost ("Just look at the flowers, Lizzie. Just look at the flowers.")
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To: blam

I’d love to see deflation if wages stay constant.


29 posted on 10/22/2015 11:00:59 AM PDT by JmyBryan
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To: Mr. K

Always liked the Egg McMuffin but in recent years I make them at home with thick slices of swiss, real bacon and two fried eggs. And instead of butter on the English muffin, I use olive oil. Really good.


30 posted on 10/22/2015 11:02:51 AM PDT by SamAdams76 (Businessmen use their own money to succeed. Politicians take other people's money and fail.)
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To: blam; expat_panama
FYI
31 posted on 10/22/2015 11:03:40 AM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: Toddsterpatriot
In other words, we've been predicting massive inflation for 7 years, this is our explanation for why we were really, really wrong.

I don't know what *YOU* are talking about. All i've seen for the last seven years is massive inflation. By my estimate of the change in cost of items I purchased in 2007 versus now, inflation is running nearly 100% for that time period.

A quart of oil in 2007 was $0.85. Now it is $4.00.

32 posted on 10/22/2015 11:04:28 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: DiogenesLamp
By my estimate of the change in cost of items I purchased in 2007 versus now, inflation is running nearly 100% for that time period.

Every item you buy is up 100%? Sure.

A quart of oil in 2007 was $0.85. Now it is $4.00.

That's an interesting anecdote.

33 posted on 10/22/2015 11:09:20 AM PDT by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: LS

“Long article saying what I have said for a while-—we are in serious worldwide deflation.”

I have had the same opinion...there are too many phony “economists” who simply do not understand the difference between inflation/deflation and price increases. Same ignorance that caused the great depressions (yes, there were two) in the thirties.


34 posted on 10/22/2015 11:15:30 AM PDT by Wpin ("I Have Sworn Upon the Altar of God eternal hostility against every form of tyranny...")
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To: ForYourChildren

Remove taxes and regulations and the nature of immigration changes a bit, big industry immigrates from all over the world. Remove government welfare of all sorts and the third world stops swamping us and the tide reverses while the incoming mix trends back to productive people.Remove the government from education altogether and most of the brains of the world will eventually reside here. Remove the government from medicine and insurance and American medicine will become cheap and quality of care and medicines will head out on a long curve upward.


35 posted on 10/22/2015 11:16:44 AM PDT by arthurus (Het is waar. Tutti i liberali sono feccia.)
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To: jpl

It wasn’t long ago that a BK Junior Whopper was #.99. Now it is $1.89 in the same store. The dollar menus shrank and shrank then all disappeared.


36 posted on 10/22/2015 11:19:12 AM PDT by arthurus (Het is waar. Tutti i liberali sono feccia.)
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To: Toddsterpatriot
Every item you buy is up 100%? Sure.

Tuna fish. In 2007 it was $0.50 . In 2015, it is $0.95.

Car Battery. In 2007 it was ~ $45.00. In 2015 it is $85.00.

Milk. In 207 it was $2.00/gallon. In 2015 it is $4.00/gallon.

McDonalds cheese burger. In 2007 it was $0.55. Now it is $1.25.

Gasoline was $1.65 in 2007, went up to $3.85, and is now back down to $2.35, even though the price of oil has dropped greatly since 2007.

Used tires were $20.00 in 2007. They are $40.00 now.

Hershey candy. Was a 10 pack in 2007 for $1.00. Is now a 5 pack for that same $1.00.

If you aren't seeing the inflation, you are probably not doing much of your own shopping.

37 posted on 10/22/2015 11:21:49 AM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: JmyBryan

That actually happened through the 90s after the Reagan measures really took hold. My income did not actually change in that decade but I was less and less harried by bills and prices. A dollar bought more in 1998 than it did in 1989. That was relative deflation, not absolute. The money supply continued to increase but at a rate slower than productivity.


38 posted on 10/22/2015 11:22:00 AM PDT by arthurus (Het is waar. Tutti i liberali sono feccia.)
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To: SamAdams76

It’s the new ripoff. Soap bars are smaller, toilet paper tubes are bigger, and everything else. Anybody who claims there’s no inflation is a fool.


39 posted on 10/22/2015 11:34:55 AM PDT by ozzymandus
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To: DiogenesLamp
You pay $4 for milk?

I saw gas much higher than $1.65 in 2007.

Your prices are suspect.

40 posted on 10/22/2015 11:45:16 AM PDT by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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