Posted on 05/04/2021 12:44:11 PM PDT by RomanSoldier19
BofA: "Transitory Hyperinflation Ahead"
Last week, when discussing the latest earnings call commentary, Bank of America said "Buckle up! Inflation is here", and showed a chart of the number of mentions of “inflation”…
Last week, when discussing the latest earnings call commentary, Bank of America said "Buckle up! Inflation is here", and showed a chart of the number of mentions of “inflation” during earnings calls which exploded, more than tripling YoY per company so far, the and the biggest jump in history since BofA started keeping records in 2004.
Who knew that just one week later BofA would need a bigger chart... a much bigger chart.
As BofA's Savita Subramanian writes, after the third week of earnings. mentions of “inflation” have now quadrupled YoY; and after last week, mentions have jumped nearly 800% YoY!
(Excerpt) Read more at nxtmine.com ...
BofA: “Transitory Hyperinflation Ahead”
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Is that anything like having a momentary airframe failure?
Come for the degeneracy, stay for the hyperinflation. This is not headed anywhere good.
Meanwhile, ridiculous, over 40 soy boy, John Oliver, recently did a show segment shilling for MMT. Yes, that’s right, a late night show host delving into economic theory. Weird times.
We had a President named Trump: inflation was nil, gas prices were low, we were a net exporter of oil, the economy grew and provided a lot of jobs for minorities in poor areas, and the industrial sector boomed. We have an unintelligent replacement of dubious lineage in the White House, inflation is booming, gas prices are a buck a gallon higher, he is cutting off pipelines and halting offshore drilling, many poor people can’t get jobs while illegal invaders are treated like guests from royalty at taxpayer expense, the border is nonexistent and the industrial sector is shutting down in many cases. ‘Nuff said?
They raise gas and diesel prices nearly 50%, and then wonder why inflation kicks in- when everything is transported by truck or diesel locomotive.
With Joe Biden it’s not the airframe that’s going to crash it’s the titanic
Keyboard warriors to the fore! Not a damn thing will be done to punish those in control. The Founding Father’s dream is dead!!
If you divide that cost over the amount of cargo it is minuscule.
Usually works out about the same...
Well, I’m happy I was able to refinance my mortgage at a fixed rate near historic lows. But the money I save on the mortgage payment may well be spent elsewhere as prices of everything else explode.
I hope we have an assertive Republican presidential candidate in 2024, who can ask, are you better off than you were four years ago, and make it work as a campaign inducement for the voters to send Joe and Kamala home.
But let’s keep proposing and spending those trillion dollar programs, yeah?! /s
It is coming.
Also some finance people are predicting deflation.
What inflation is “transitory?”
In a printed, fiat, central-planning world, all inflation is permanent.
Are you kidding me?
Transportation costs are a significant factor in cost of goods sold.
Do you really think raising gas prices has ‘miniscule’ impact on that?
It impacts negatively on the driver’s profits. The goods not so much.
Time to dust off the Carter Misery index, back to the 70s.
Just curious (seriously) have you ever take Micro or Macro economics? Economics 101.
Because I promise you that you are very very wrong. And I wonder if you just thought this up? Or learned it in some class.
Because as a business major (before I became a Physics and Computer Science major) I wonder how on earth you came to think these two very different points.
1) that increasing the gas cost 50% is divided in to everything to make it a ‘miniscule’ amount.
and
2) increasing gas cost is absorbed by the trucker, decreasing his profit.
Both of those are so very incorrect.
So as a percent $2/$2000 = .1% per mower. Nothing.
I’m ready for my Disco Inferno.
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