Unpossible, a young whippersnapper and self-proclaimed economic savant on F16 assured me that this is only transitory.Keegan99 said:JUST IN - NY Federal Reserve now sees inflation at 5.2% in one year, 4% in three years; a series high with "large expected price rises" in food, rent, and medical costs.
— Disclose.tv (@disclosetv) September 13, 2021
In May, Janet Yellen said the inflation was temporary.
Oops.
TAMU1990 said:They'll figure it out when their cash doesn't go as far to buy everything the government won't.HarryJ33tamu said:
I'm an econ major. This is very very bad. Too bad half of our population is too dumb to realize what is going on.
At least there are no more mean tweets though, and that's what really matters.
Sure they will. The same national `news' that started saying Republicans were for `defund the police' will just start lying and gaslighting to them.Fedup said:
Wow. Hope Social security recipients get a commiserate bump or there won't be a senior alive that'll ever vote for the dems again.
At least, Even McD stopped their $1 large soda deal. I say that because their is a huge markup on sodas.Keegan99 said:JUST IN - NY Federal Reserve now sees inflation at 5.2% in one year, 4% in three years; a series high with "large expected price rises" in food, rent, and medical costs.
— Disclose.tv (@disclosetv) September 13, 2021
In May, Janet Yellen said the inflation was temporary.
Oops.
Ironically, with all this, the globalists are imposing restrictions that are the most likely to end their preferred global commerce. This could easily produce conditions where national populists around the world take power amid a wave of "build it all at home" "employ all here" and figure out how to pay for it later in favor of just getting away from interdependence.Aggie95 said:
it's going to get worse before it gets better.
The avg container from Asia to the US has quadrupled over the last year to almost $9,000. Some are going for as much as $20,000 (think Amazon and others outbidding smaller companies for containers).
also...the bottleneck at the ports is unbelievable.
https://www.supplychainbrain.com/articles/33677-one-stuck-box-of-fertilizer-shows-the-global-supply-chain-crisis
The media will look directly at the camera in 2022 and tell you that your groceries, gas, and clothes costing you more is just normal cost increases, and if you find any friends discussing the perceived cost increases using the unpatriotic term "inflation", they should be turned in as insurrectionists.Keegan99 said:JUST IN - NY Federal Reserve now sees inflation at 5.2% in one year, 4% in three years; a series high with "large expected price rises" in food, rent, and medical costs.
— Disclose.tv (@disclosetv) September 13, 2021
In May, Janet Yellen said the inflation was temporary.
Oops.
2 of my 3 dogs are smarter than the fed. And it's a close call on that dumb one.Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
By what measure in the market pricing inflation at 2.5%?Quote:
A better metric is that the market is pricing inflation at 2.5%.
Ya I know just wanted to see what brought him to that conclusion.Tom Doniphon said:
He pulled that out of his ass.
Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
Price increases over last yr (CPI report)...
— Charlie Bilello (@charliebilello) September 14, 2021
Gasoline: +42.7%
Used Cars: +31.9%
Gas Utilities: +21%
New Cars: +7.6%
Overall CPI: +5.3%
Electricity: +5.2%
Food away from home: +4.7%
Transportation: +4.6%
Apparel: +4.2%
Food at home: +3.0%
Shelter: +2.8%
Medical care service: +1.0%
It won't, unless somehow a (real) Republican wins and both houses go GOP. Otherwise the socialist rot just continues.Muy said:
And how exactly is it stopping in just 3 years? Just because it's an election year?
mazag08 said:Oldag2020 said:
I'm amazed that some of you believe you are smarter than the fed. It's mind blowing.
The article says the 4% is based on consumer expeditions. Basically all of the doomsayers believe inflation is 4%. It's completely detached from reality.
A better metric is that the market is pricing inflation at 2.5%. That's only .5% above the feds target, and is hardly something to be concerned by.
Just want to remind everyone here that our government and many many large financial firms think exactly like this 22 year old.
This is where we failed. We let dumbass piece of **** Keynesians teach our kids. Now our kids are all idiots too.