Here's a major reason massive inflation has been so blazingly obvious for so long: the oceans of red ink on Fed balance sheets. Seriously, do people not realize we would be scrounging for cat food without the debt-fueled petro-dollar "funding" the former US, our Bureaucratic Oligarchy Welfare-Warfare No Account Security State?
The reason we should not be concerned about inflation
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Last: 1 mo ago by Helicopter Ben
Producer Price Index March 2022: (cnbc.com)
Quote:
The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics reported Wednesday.
The producer price index, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a data series going back to November 2010. On a monthly basis, the gauge climbed 1.4%, above the 1.1% Dow Jones estimate and also a record.
Stripping out food, energy and trade services, so-called core PPI rose 0.9% on a monthly basis, nearly double the 0.5% estimate and the biggest monthly gain since January 2021. Core PPI increased 7% on a year-over-year basis.
PPI is considered a forward-looking inflation measure as it tracks prices in the pipeline for goods and services that eventually reach consumers.
This post is aging like fine wine sold at Costco.
Can someone do a wellness check?
I've been on this website a long, long time.
I'm struggling to remember a more epic fail thread than this one.
I'm struggling to remember a more epic fail thread than this one.
Oldag2020 said:
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.
Has the OP been nominated for the Nobel Prize in Economics yet? Can we make that happen?
CPI April 2022 (cnbc.com)
Further chronicling the real time failure of MMT that idiot progressive profs poison the minds of young students with.Quote:
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain.
Removing volatile food and energy prices, so-called core CPI still rose 6.2%, against expectations for a 6% gain.
Inflation has been the single biggest threat to a recovery that began early in the pandemic and saw the economy in 2021 stage its biggest single-year growth level since 1984. Rising prices at the pump and in grocery stores have been one problem, but inflation has spread beyond those two areas into housing, auto sales and a host of other areas.
Federal Reserve officials have responded to the problem with two interest rate hikes so far this year and pledges of more until inflation comes down to the central bank's 2% goal. However, Wednesday's data shows that the Fed has a big job ahead.
There are plenty of threads you have started to choose fromGeorgiAg said:
I've been on this website a long, long time.
I'm struggling to remember a more epic fail thread than this one.
After March's surge in consumer prices, analysts' consensus is that CPI has peaked and April was expected to show a big slowing from +8.5% YoY to +8.1% year over year
however, CPI printed hotter than expected at +8.3% year over year
Bear in mind that headline CPI is still at its second highest since 1982.
Core CPI was expected to rise 6.0% YoY in April (down from +6.5% YoY in March) but rose a hotter than expected 6.2% YoY and the 0.6% month over month spike in core inflation is bigger than all 67 estimates in BBG business survey.
Source: Bloomberg
however, CPI printed hotter than expected at +8.3% year over year
Bear in mind that headline CPI is still at its second highest since 1982.
Core CPI was expected to rise 6.0% YoY in April (down from +6.5% YoY in March) but rose a hotter than expected 6.2% YoY and the 0.6% month over month spike in core inflation is bigger than all 67 estimates in BBG business survey.
Source: Bloomberg
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nu awlins ag said:
This post is aging like fine wine sold at Costco.
Ahem…. Thou shall not talk crap about wine from Costco
Aged like spoiled baby formula....
...IF I COULD BUY SOME.
...IF I COULD BUY SOME.
As OP said, we can spend without consequence. It definitely will not cause long term inflation. Good grief this kid??? has a lot of life lessons in front of him (or her).
Absolutely terrible post. Wish the poster would come back and own it.
Absolutely terrible post. Wish the poster would come back and own it.
As per AAA, gasoline prices and diesel fuel prices just printed new record highs. Every delivery truck that requires fuel to deliver goods will be impacted.
https://gasprices.aaa.com
Regular Unleaded $4.404 5/11/22
Diesel $5.553 5/11/22
https://gasprices.aaa.com
Regular Unleaded $4.404 5/11/22
Diesel $5.553 5/11/22
Is 10 months considered long term or short term for the OP? Just wondering when this 'long term inflation is not a concern' will come to fruition
Trek Strategy said:nu awlins ag said:
This post is aging like fine wine sold at Costco.
Ahem…. Thou shall not talk crap about wine from Costco
- The food at home index rose 10.8 percent over the last 12 months, the largest 12-month increase since the period ending November 1980.
- The index for meats, poultry, fish, and eggs increased 14.3 percent over the last year, the largest 12-month increase since the period ending May 1979
- The index for airline fares continued to rise sharply, increasing 18.6 percent in April, the largest 1 month increase since the inception of the series in 1963.
Señor Chang said:Oldag2020 said:
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.
Has the OP been nominated for the Nobel Prize in Economics yet? Can we make that happen?
I bet $10,000 that the OP is actually Paul Krugman.
Shelter is the single biggest component of CPI (33% of the Index) and is still being wildly understated (@ +5.1% YoY) with rents up 16% over the last year and home prices up 20%. The true inflation rate is much higher than 8.3%. pic.twitter.com/Gk0u0YSllg
— Charlie Bilello (@charliebilello) May 11, 2022
Don't look up the government says!
If OP had predicted out of control flaming wildfire inflation, OP would have been correct. We have this glorious thread instead....
Every time this thread gets bumped it's like a virtual curb stomp.
" 'People that read with pictures think that it's simply about a mask' - Dana Loesch" - Ban Cow Gas
"Truth is treason in the empire of lies." - Dr. Ron Paul
Big Tech IS the empire of lies
TEXIT
"Truth is treason in the empire of lies." - Dr. Ron Paul
Big Tech IS the empire of lies
TEXIT
How many people have this thread tagged and ready to recall every time there is an inflation print???
Epic fail
Ah yes, this thread. Can we list when OP tried to double down a few months ago.
The same people who shut down the government to prevent Trump from spending $5 billion to build the wall are about to cut a $40 billion check to corrupt Ukrainian oligarchs.
Careful, certain posters may start calling you pro Puttin for stating the obvious.
Who could have ever guessed that a giant printing spree for years would impact literally all prices?
Oh, wait, it was extremely predictable by anyone with two functional brain cells, excluding the vast majority of FedGov.
Oh, wait, it was extremely predictable by anyone with two functional brain cells, excluding the vast majority of FedGov.
MuchosPollos said:
How many people have this thread tagged and ready to recall every time there is an inflation print???
And I will post CPI monthly until he admits MMT is bull**** and so were his profs that preached this crap.
Let us ponder: why are the 2 inflation threads, identical in original content, easily Top 10 Fail in the history of TexAgs?
BECAUSE NON-OLIGARCH PEOPLE ARE HURTING
BECAUSE THIS WAS EXTREMELY PREDICTABLE
BECAUSE THIS WAS AVOIDABLE
BECAUSE THIS SHOULD NEVER HAPPEN AGAIN
BECAUSE NON-OLIGARCH PEOPLE ARE HURTING
BECAUSE THIS WAS EXTREMELY PREDICTABLE
BECAUSE THIS WAS AVOIDABLE
BECAUSE THIS SHOULD NEVER HAPPEN AGAIN
Wholesale inflation rose 11% in April as producer prices keep accelerating (cnbc.com)
Transitory............Quote:
Prices at the wholesale level accelerated further in April, part of a broader inflation problem persisting through the U.S. economy, the Bureau of Labor Statistics reported Thursday.
The producer price index, which tracks how much manufacturers get for their products at their initial sale, rose 0.5% on the month and 11% from a year ago. Economists surveyed by Dow Jones had been looking for a monthly increase of 0.5%.
Excluding food, energy and trade services, core PPI rose 0.6% in April and 6.9% from a year ago.
Both monthly increases were exactly in line with Dow Jones estimates.
Those numbers came the day after the BLS reported that consumer prices for goods and services in the marketplace rose 8.3% from a year ago, down from 8.5% in March but still indicative of the worst inflation the U.S. has seen since the early 1980s.
BECAUSE NO ONE IS TRYING TO STOP ITRedstone said:
Let us ponder: why are the 2 inflation threads, identical in original content, easily Top 10 Fail in the history of TexAgs?
BECAUSE NON-OLIGARCH PEOPLE ARE HURTING
BECAUSE THIS WAS EXTREMELY PREDICTABLE
BECAUSE THIS WAS AVOIDABLE
BECAUSE THIS SHOULD NEVER HAPPEN AGAIN
Our country is this dysfunctional that we don't address our problems because of ideological differences in politics. We are ******ed.
This thread aged well
This is the best example I've seen. Truly excellent post.BuddysBud said:Oldag2020 said:
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.
This reads like a perpetual motion machine.
Put a big fan in front of a windmill to blow on the blades to generate electricity that powers the fan. The fan blowing the windmill will never stop because the windmill keeps turning by the fan blowing on it. Easy.
Look, an endless supply of energy.
LOL, got a good chuckle this morning.
Thanks!!!!
On second thought, it's probably more sad than funny. But, I LOL'd anyway.
Thanks!!!!
On second thought, it's probably more sad than funny. But, I LOL'd anyway.
LOL OLD
This is when they double down..Nitro Power said:
As OP said, we can spend without consequence. It definitely will not cause long term inflation. Good grief this kid??? has a lot of life lessons in front of him (or her).
Absolutely terrible post. Wish the poster would come back and own it.