OP actually bumping this himself shows that he has surpassed Lot Y as the least self aware poster in recent history.

OP needs to fully explain why what he posted shows he was right all along.

Oldag2020 said:

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Demand is temporarily outpacing our production(supply). Due to covid shut downs and supply chain disruptions. Ex. Lumber prices were inflated, now they are correcting themselves.

Once our supply chains are back up to full capacity, the added demand created by the stimulus will not cause long lasting inflation.

Our productive capacity is so high, in fact, I believe our biggest fear should be deflation, not inflation. Our productivity growth is not disappearing any time soon. The inputs to production are 1. Technological advancements and 2. Increase in labor force. Our computing power doubles every 18 months. Clearly this growth will not disappear.

It's no accident that we have continued to spend more and more throughout the last several decades with little to zero long term negative consequences.

In fact, the fed has struggled the last decade to maintain their inflation level goal of 2%. This even Despite massive spending in 2008 and artificially low interest rates.


Another reason we should not be concerned by the massive spending is that $1 in government spending = greater than $1 in gdp growth.
Gdp growth = 1/ the propensity to save
The propensity to save is currently ~ 20%
Therefore every dollar spent today grows our gdp tomorrow by $5

This $5 of gdp growth then increases tax revenue by $5.
This increase in tax revenue is used to service the debt.

Basically, we can spend as much as we want with little to zero negative consequences. Long term inflation is not on the way.

Be sure to allocate portfolios accordingly.

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Two and a half years later and still bull*****

Oldag2020 said:

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Bump

https://www.cnbc.com/amp/2023/12/13/fed-lowers-inflation-forecast-for-2024-seeing-core-pce-falling-to-2point4percent.html

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Just wow! You actually bumped a thread almost 3 years later that made you look even more foolish? I seriously doubt anyone that can walk upright would think that almost 3 years equals "transitory" with regard to anything.

Ok, please opine on this Mr. Wizard. Why are grocery prices crippling the middle and lower class? Why are corporations providing negative forward guidance and announcing layoffs? Why are credit card and auto loan delinquencies rapidly rising? Why are rental rates in crappy apartments equal or higher than a starter home mortgage from just a few years back? Why are countries dumping our debt instead of buying it? Why are credit agencies putting us on notice before they downgrade our credit rating?

Your OP said to not worry about our out of control spending and we'd have Skittles in every bowl and unicorn rainbow fart scented candles.

You'd have been better to just let this embarrassing thread die, but no, you couldn't live with your own failure. I'm confident that you're the most intelligent barista at your Starbucks, but F16 is not the place to shovel your bull*****

There's been a lot of stupid **** posted on this website over the years so it's really an achievement when this thread ranks amongst the top. Not only that but then the OP tries to come back years later to claim victory with prices continuing to rise just takes it to a whole other level.

Core PCE is the biggest joke of an index because it excludes food and energy. 2 very important things that every family can't avoid spending money on. The Fed loves it because it understates (aka lies about) inflation the most.

And what makes this bump even funnier is that the article doesn't even report that core PCE is down to 2.4, it merely reports that the Fed THINKS it will be down to that next year. The same Fed that reality has proven wrong on EVERYTHING. Especially inflation. This, along with their statement that they are going to cut rates in 2024 is basically an admission that they have failed to cure inflation. Their goal was an average of 2%. Yet they can't even get their favorite index to touch 2%, nevermind get below 2% to bring the average down.

I feel sorry for OP's clients who have likely lost a lot of money or soon will. Society would be better served if such people worked in a field where they could be competent, like fry cooks at McDonald's or maybe dog walkers.

Oldag2020 said:

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Bump

https://www.cnbc.com/amp/2023/12/13/fed-lowers-inflation-forecast-for-2024-seeing-core-pce-falling-to-2point4percent.html

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ProgN said:

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Oldag2020 said:

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Bump

https://www.cnbc.com/amp/2023/12/13/fed-lowers-inflation-forecast-for-2024-seeing-core-pce-falling-to-2point4percent.html

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Just wow! You actually bumped a thread almost 3 years later that made you look even more foolish? I seriously doubt anyone that can walk upright would think that almost 3 years equals "transitory" with regard to anything.

Ok, please opine on this Mr. Wizard. Why are grocery prices crippling the middle and lower class? Why are corporations providing negative forward guidance and announcing layoffs? Why are credit card and auto loan delinquencies rapidly rising? Why are rental rates in crappy apartments equal or higher than a starter home mortgage from just a few years back? Why are countries dumping our debt instead of buying it? Why are credit agencies putting us on notice before they downgrade our credit rating?

Your OP said to not worry about our out of control spending and we'd have Skittles in every bowl and unicorn rainbow fart scented candles.

You'd have been better to just let this embarrassing thread die, but no, you couldn't live with your own failure. I'm confident that you're the most intelligent barista at your Starbucks, but F16 is not the place to shovel your bull*****

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Hello 9-11?

Yes, I'd like to report a murder.