Posted on 12/06/2023 11:01:10 AM PST by Kaiser8408a
The Fed has not tightened nearly enough.
.
(Biden’s inflation)
Destroying America.
Just like Manchurian Candidate Barack Hussein Obama.
As his sock puppet.
The Fed are weak-minded and yet firm on wanting to keep Trump away from the helm of the Ship of State.
“As Credit Card Rates Exceed 20%”
Yes, ordinary folks, Democrats in DC love people, just not you.
Tightening credit will not stop house price rises when the stock market is so highly valued.
Weren’t people complaining about the increasing, inflation-causing money supply, and now they are complaining about a reduction in the money supply.
Could someone expand on this?
The problem going forward into 2024 could be DEFLATION.
Especially for real estate. There are people who bought the top of the real estate markets in some locations. Austin and San Fran for example.
Some real estate prices are already down 20-25%.
Automobiles are also not selling very well. New car prices have been coming down. This also puts pressure on used car prices.
What is NOT coming down is the price on anything in CVS or Walgreens. I think we are all paying extra to make up for all the LOST merchandise in other areas. For example, I bought a Zicam Nasal Spray this morning at Walgreens. The last time I bought it I paid $11.99. Toady it was $16.39. Buy one get 50% off on the second. So, I bought two.
So, there is inflation on small things and deflation on big ticket items.
And the price on BANANAS 🍌 HAS
Not changed for Years !?!
.
What’s up with That?
The Quantity Theory of Money states:
M * V = P * Q
where:
M = the money supply (think of M2)
V = the velocity of money
P = Prices (index like CPI)
Q = Output, or things produced
V has been almost constant for 5 decades. If there’s no inflation, then P should be constant. Given that, if productivity (Q) increases by 3.2% per year, then M should increase by a proportional amount.
If you look at the measure of M2 for the last six decades, it has been very stable.
https://www.reuters.com/markets/funds/us-money-supply-falling-fastest-rate-since-1930s-2023-03-29/
Now look what happened after Joe was elected. Never before have we ever seen such a mismanagement of M2...more that 5x the secular trend. If Dufus knew anything about economics, he would see that, with Q stagnate, P could only increase. Couple that with the explosive growth in M2, inflation had to be the result.
We should require politicians to take Econ 101...and pass.
econ,
Thanks.
Good article.
The goal is to bring the standard of living in the US of A down to third world levels.
oregon May 17 2008 “We can’t drive our SUVs and, you know, eat as much as we want and keep our homes on, you know, 72 degrees at all times, whether we’re living in the desert or we’re living in the tundra, and then just expect every other country is going to say OK, you know, you guys go ahead keep on using 25 percent of the world’s energy, even though you only account for 3 percent of the population, and we’ll be fine. Don’t worry about us. That’s not leadership. ~ Barack Obama
All going According to plan
I expect that too
And with those who bought overpriced automobiles with money loaned against those inflated prices......
I’ve never really recovered from 2008.
As such my immediate debt is rather small.
Good article, false headline, implying that M2 is shrinking, (deflation), while the reality is anything but.
“And the price on BANANAS 🍌 HAS
Not changed for Years !?! What’s up with That?”
Don’t expect an answer. The neurotic doomers cult is on a roll.
Boomers Cult ——
If they Passed me the Kool-Aid I’d
Drink It !
.
I missed the “E” ticket ride
of the Covidiots.
” I bought a Zicam Nasal Spray this morning at Walgreens... Toady it was $16.39. “
Single unit price $10.98 at both Walmart and Amazon.
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