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Posted on 11/12/2021 6:54:22 AM PST by SaxxonWoods
“That’s it. Don’t want to hear another word about stagflation,” the “Mad Money” host said. “There’s nothing stagnant about this economy. In fact, retailers may be experiencing their strongest quarter in history. I know I use a lot of superlatives, but that’s not hyperbole.”
“When these retail stocks lead, many others follow. It’s just one more sign that, despite the endless handwringing about inflation and stagflation from the so-called experts, or possibly supply-chain induced shortages, shoppers remain undaunted and eager to buy.”
(Excerpt) Read more at cnbc.com ...
How often has Cramer been wrong,
There has to be a drinking game associated with Jim.
It couldn’t possibly be because the prices went up, right?
I have no doubt that demand is there. The problem is there’s no product to meet the demand. Newsom’s stupid truck regulations are part of the problem, and so is Stupid’s killing of the Keystone Pipeline and tightening oil leases on Federal lands. He them asks them to lower gas prices to help reduce inflation. That’s like the Menendez brothers asking the court for mercy because they’re orphans.
Retail numbers are up largely due to…. (wait for it)….. inflation.
Stock market has NOTHING to do with stagflation. He’s an idiot.
1. Prices went up meaning revenues went up. Doesn’t mean profitability went up.
2. Many people, myself included, are purchasing many things now for future use in anticipation of a price increase spiral.
Yeah, but will it be their strongest quarter in history due to a rise in retail prices or will the number of widgets sold also be up?
Oops, didn’t read the article, or didn’t understand it.
FR tradition, I get it.
What’s the comparison period? We pretty much dug a large hole last year when we shut down most of country. Even into this year, many businesses, particularly those related to sports and entertainment, were still running at limit capacity. It would seem we had nowhere to go but upward.
He’s been right a lot more than he’s been wrong if you check his investments.
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Cramer, when prices skyrocket and wages stay the same...
That is Stagflation.
Ask Jimmy Carter about it if his brain still functions.
“Retail numbers are up largely due to…. (wait for it)….. inflation.”
Uh, no that’s not right.
Cramer is a doofus.
Does anybody listen to anything he says?..................🤔
Stagflation is the phenomenon that shouldn’t occur in economics (unless gov’t screws up things). It has nothing to do with profits.
Econ 101 teaches you when you have high unemployment you should have decreasing demand and lower pressure on prices (no inflation). But if you have strong employment then you have high demand and increased pressure on prices causing inflation. Having high/increasing inflation AND high/increasing unemployment at the same time was unheard of until Jimmy Carter screwed up the economy in the 70s. And now it’s back with Bidenomics.
Only one thing can make this worse...price controls!
no it’s not.
High unemployment and high inflation is staglfation.
re No. 2 on your list....I also have been stocking up on all kinds of things from food, to first aid, batteries etc.
Also just bought a new refrigerator. Mine was still working but about 30 years old. Figured get one while available at a price I could afford.
On the flip side we planned to do some home renovations if Trump had won. Now we are focusing our purchases on essentials only.
Me too. I’ve been a minor prepper for the last 20 years, but I’m ramping it up even more. I’ve already bought more than half my grandchildren’s Christmas presents just to be on the safe side, and I usually don’t start Christmas shopping until December 1st.
Inflation is eating up purchasing power. Once inflation rises to the point that only necessities are purchased due to high price points, the stagflation will hit. No more disposable income.
People will take on debt in the short-term to compensate, but that will run out.
Doomsday scenario: another economic crisis like 2008, but with runaway inflation.
I understand that people are stuck on stagflation, fear sells.
And after watching and investing for 45 years I’ve learned that fear always sells best to non-investors.
Of course, I’m still waiting for that big correction, but it hasn’t come yet. It’s out there, and there will be tax selling coming soon, that’s a given as the year closes out.
COVID still a huge question mark as winter comes. I’m in a very conservative position generally, with some flyers just because one should always have some of those too.
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