Posted on 07/06/2021 2:02:36 PM PDT by blam
So many weasel words and turgid explanations used to convey one simple idea. Profligate printing of money means inflation is here to stay.
“Transitory inflation” was nothing more than a convenient lie to make ignorant fools feel better for a few days. Dazzle them with BS.
And what could possibly be causing this inflation? /rhetorical question
The complete history of transitory inflation:
In before all the disaster hopers.
I don't know why you bother.
Are you just looking for someone to criticize?
Sure seems that way.
A nightmare who shouldn’t be in office. Remember last year Trump was talking about breaking records in the economy and jobs for 2021? I absolutely believe 100% he would have done it again, but now we got this.
See my tagline.
Does anyone else feel that inflation is to the right what global warming is the the left?
* lots of charts and graphs
* those reports come from people eager to sell you protection from the coming doom
* every news story gets interpreted as evidence for it
* it’s always right around the corner
* in 30 years of crying wolf it has still never happened
My financial advisor even repeated the “transitory inflation” garbage. How can you have a permanent increase in the amount of “free money” and not have inflation? I’m thinking of getting another financial advisor.
Does anyone else feel that inflation is to the right what global warming is the the left?
It happens always. Inflation is reflected not only in price increases. If prices would have been lower but stayed the same due to printing of money, that’s also caused by inflation.
Sure....get someone to say the things you want to hear?
So you believe the transitory inflation line?
Are people who believe 1+1=2 math 'hopers' ? Inflation follows the money supply and that has been growing at 38% yearly. It's really as obvious as night following day, we are going to get record high inflation sooner or later.
I sometimes wonder if long winded articles like this are published to deliberately confuse the public. That obvious lie about this inflation being transitory convinces me the rest was merely gobbledygook propaganda.
“How can you have a permanent increase in the amount of “free money” and not have inflation?”
The core argument against is that since 2008 Americans started saving a lot more. While there is more money out there less is being spent, keeping prices down.
That savings trend could very well reverse itself, in which case inflation numbers can come very quickly.
If you do think inflation is on the horizon, get a financial advisor who will invest you heavily in inflation caps. Then you can retire to your own island somewhere if inflation hits 10%.
25% of all currency in circulation has been printed under Biden
It looks doubtful, I agree.
I would argue with someone advising me about it...especially if I were paying them.
But...I'm not 100% sure it isn't transitory.
I would be happy to build a house on my wife’s farm (inherited from her parents) and live there.
“25% of all currency in circulation has been printed under Biden”
Do you have a citation for that?
I don’t doubt you, but I would appreciate the source when I spread that fact around.
Inflation is real. How persistent and severe, yet to be determined. Lots of shortages. Lots of backlog at the ports. Higher fuel and energy costs. Cereal boxes are now about 10% smaller in net weight, which is effectively a price increase. We import so much from Asia and ship so little back that there are miles of stacks of empty containers just sitting around the ports and the shippers don’t really want to send empties across the ocean. There is a shortage of containers in Asia. So you have a situation where higher margin exporters are paying to get loaded on limited numbers of containers while the commodity type imports used to process finished goods in the USA take a back seat. The cost to ship a container from Asia was ~$1000 a year ago, now ~$5000 to the west coast and ~$10,000 to the east coast. That is quite a big bite on bulk commodity type imports that sell for, say $1 a pound, they are now up 15%-20%.
Some of this is still lingering from covid and catching up with demand. But there is a shortage of silica, used to make microchips and silicones of all kinds etc, which mostly comes out of China. I had heard (but cannot confirm) that the main processing plant in China had an explosion. I do know that it is near impossible to get silicones and received a letter from the largest US supplier that basically said “forget about it until after Q1-2022”. We all also heard they can’t get microchips for 4 million vehicles either assembled or scheduled for assembly by US auto makers. There is also a shortage of palm oil derived products (which is used to process thousands of input materials) due to an embargo on Indonesia over labor practices. These kinds of things tip the pricing power into the hands of suppliers over those with demand for materials.
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