Posted on 06/14/2022 10:29:51 AM PDT by blam
The good news is there is always enough taxpayer dollars to bail out politically connected corporations. Always.
That's what you want to hold during a period of exploding inflation - cash. Because it sits under your mattress and loses value with every inflationary increment.
Lol.. that’s what crossed my mind too.I remeber reading about people in various countríes with runaway inflation…particularly in Germany during the Weimar Republic…coming down the street with wheelbarrows full of useless cash just to buy a few loaves of bread.
Glass is going up between 30% and 40% at the start of third quarter (in two weeks). This could devastate the building industry.
There doesn’t seem like a good alternative.
I’m sitting in mostly cash right now. The inflation numbers (at least the cooked numbers they are reporting) show me losing about 9% over the next year. Even if real inflation is twice that, it still seems like a better option.
The S&P is down 20% since January. NASDAAQ even worse. Then individual “solid” equities like APPL, AMZN, Ford, etc. are now 30%-60%.
And real estate very much looks like a bubble about to pop as well.
Whats left? NFTs?
“This is the most prosperous economy the world has ever seen. It’s going to be a very prosperous economy for the next 100 years.”
“Therefore, I am voting for Joe Biden to f... er I mean louse it up.”
Jamie Dimon
Remember the famous Margaret Thatcher Quote, paraphrasing, the problem with socialism is eventually you run out of other people’s money.
Perhaps we’ve reached that point.
I agree with your cynicism on that cash thing.
How about this one: “reduce exposure to commodities”; huh? what?
The solution is oil.
I always loved the joke in your scenario where the mother, on her way to market, with the wheelbarrow of cash gets robbed. The crook dumps the money and runs off with the wheelbarrow.
Lol! On the serious side, I think we’re in Weimar Republic territory here.
Yes. We all know that commodities get less expensive during inflationary periods. Gas prices go down, lumber goes down, pork bellies go down, it all goes down.
Once again: we deserve to be cynical on these humpty-dumpties. How can we out here in blogville know this stuff, but the experts are in foul territory?
Because the experts sit inside the swamp and are on the receiving end of the huge ever inflating moneyball that rewards folks who are in on the game and don't actually do anything that looks like productivity.
At the top end its running hedge funds to buy cheap and sell at inflated prices using the FED supplied liquidity as capital. At the mid level its having a high level gubmint job writing masking protocols and rules for proving how many faux vaxxes you have had. At the bottom level its being an illegally invited immigrant who is promised lots of free stuff.
And being in on this game means being clever. It doesn't mean you are smart because if you were you would have had an exit strategy. And it means you may have a woke compass but you sure don't have a moral compass.
And we got there through hard and persistent work.
Fed’s gonna raise interest rates bigly today.
Paraphrasing (Shane to Joey re: quick-draw techniques): your take on the matter “is as good as any, better than most”.
Wait a minute.
What about my inflation check from the government.
The fix for inflation. Print more money and hand it out to people to relieve the effects of inflation caused by printing more money.
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