Fed’s Bostic Finally Admits It: Inflation Is Not Transitory, And It’s Getting Worse

Nation & State ^ | 10-12-2021

[blam]

IMF Issues Global Stagflation Alert: Cuts Global GDP As It Warns Of Rising Inflation And “Dangerous Divergence”

[Governor Dinwiddie]

"Let's Go Brandon!"

[Da Coyote]

One man that leftists will never ever listen to is Captain Obvious. Yup, oh loathsome woke folk, Obvious was a man. (At least until DC or Marvel changes him to an it/something/whatever.)

[fhayek]

Funny how no one else thought that it was not transitory...

Except for EVERYONE ON FREE REPUBLIC!

[Gen.Blather]

I had a list of simple building materials i needed. I hit a Gulf coast, Ace, two Home Depot’s and two Lowe’s. I was unable to get the entire list. The price of everything was twice what I expected.

[TChad]

“I think that the progress has been made, and the sooner we get moving on that the better.”

Oh.

[JoSixChip]

They sould have raised rates starting back in April when the housing market exploded. Now when they raise them the markets will crash much worse then the would have before. They just keep trying to push it down the road. Well, they are about out of road. We’re screwed.

[PGR88]

Money printing + bloated regulatory system + activist government + neo-marxist ideology = massive inflation

[Boogieman]

“the longer the supply bottlenecks and attendant price pressures last, the more likely they will shape the expectations of consumers and businesspeople”

Meaning that once businesses know you’ll pay $10/lb, they’ll never want to sell it to you for less.

[JoSixChip]

Meaning that once businesses know you’ll pay $10/lb, they’ll never want to sell it to you for less.

Well that's the thing. When supply doesn't meet demand, you'll pay what they ask. Prices will only go down when supply exceeds demand. With no small business to meet demand, the big corporation have full control over supply.

[rktman]

WHAT! Butt, butt, butt........

[Sicon]

You mean to tell me that when the government prints $6+ TRILLION dollars in fake, foundationless money, it might cause inflation?!

Bunch of geniuses we have in our government.

[servantboy777]

The horizon looks a bit bumpy

[Leaning Right]

Inflation will continue until morale improves.

[cgbg]

Yup—and once you get inflationary expectations from every player in the economy, there is a multiplier effect.

Nobody wants to get stuck being underpaid for their product.

That is part of the cause of the supply craziness at the moment. All you need is a small percentage of suppliers thinking “Why sell the product now if you can get a lot more for it just by waiting a month or two?”. While many products have high costs of inventory (and won’t go there) there are enough that do not that this effect is real in an inflationary environment.

[billyboy15]

“The price of everything was twice what I expected.”

Twice? What were your expectations based on? Where they on recent purchases of the same items or were you just guessing?

Prices are definitely up but not anywhere near 100%

[Pontiac]

Nothing that a $3 trillion infrastructure budget won’t help.

[Pontiac]

Expectation of 5% inflation, REALLY?!

Triple that or more would be more realistic.

[caww]

Family member said inflation is already up 10% and moving higher.

[roadcat]

They just keep trying to push it down the road. Well, they are about out of road. We’re screwed.

Maybe more like a sinkhole opening up on the road ahead. All you can do is cry as it swallows everything.