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The reason we should not be concerned about inflation

91,247 Views | 493 Replies | Last: 1 mo ago by Redstone
evan_aggie
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In reply to SteveBott • 1:59p, 11/10/21
AG
SteveBott said:
I've followed inflation since I got into mortgage in 2002. It directly affects my business. We have not had significant inflation since then even after 2008-9 QE and stimulus. This will be the same.

And the same nervous nellies are out like they were then


Inflation is actually a good thing.
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YouBet
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3:05p, 11/10/21
AG
Now serving some of you. Come and get it:



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Redstone
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8:53p, 11/11/21
AG
Still following this thread and still amused by the idiocy displayed here - by anyone who denied gigantic inflation / suggested this was a positive.

Anyone still wishing to make such an argument? Should I post a detailed breakdown of the latest numbers in various industries?
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Philip J Fry
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In reply to Redstone • 9:04p, 11/11/21
AG
Redstone said:
Still following this thread and still amused by the idiocy displayed here - by anyone who denied gigantic inflation / suggested this was a positive.

Anyone still wishing to make such an argument? Should I post a detailed breakdown of the latest numbers in various industries?


Saw this post coming a mile away.
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Redstone
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9:13p, 11/11/21
AG
Oh look, a generational high as literally everything has gotten more expensive

https://www.marketwatch.com/amp/story/coming-up-u-s-consumer-price-index-for-october-11636550300
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DannyDuberstein
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9:55p, 11/11/21
AG
Crickets from these inflation experts
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Señor Chang
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10:26p, 11/11/21
AG
Where did OP go? I'm starting to worry.
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OldArmyBrent
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In reply to Señor Chang • 10:38p, 11/11/21
AG
Señor Chang said:
Where did OP go? I'm starting to worry.

OP is transitory?
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leoj
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In reply to Redstone • 1:05p, 11/12/21
AG
Redstone said:
Oh look, a generational high as literally everything has gotten more expensive

https://www.marketwatch.com/amp/story/coming-up-u-s-consumer-price-index-for-october-11636550300


What happened to gdp after the 87-90 period?
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cena05
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1:33p, 11/12/21
AG
Has OP chimed back in?
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LMCane
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2:41p, 11/12/21
U of Michigan Consumer Sentiment plunges to 12 year low

due to increased inflation across the country
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evan_aggie
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3:49p, 11/12/21
AG
OP will be back summer 2023 when inflation is back at 2.3% and will say, "see, transitory"
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TikkaShooter
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In reply to evan_aggie • 7:06p, 11/12/21
Would that not be considered transitory? I mean, it will likely take that long to see stabilized pathways for many industries.
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GE
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8:45p, 11/12/21
AG
Wish Milton Friedman were still alive to interpret this and explain it to people
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txaggie_08
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In reply to TikkaShooter • 8:11a, 11/13/21
AG
TikkaShooter said:
Would that not be considered transitory? I mean, it will likely take that long to see stabilized pathways for many industries.

No. Administration is saying that it's transitory and would return to previous pricing. We're going to see rapid inflation for a while and then it'll most likely return to normal inflationary numbers, never returning to previous prices.
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evan_aggie
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In reply to txaggie_08 • 8:30a, 11/13/21
AG
Well. To be fair, we never return to previous prices bc even inflation at 2% is still 1.11x 5 years later.

My gripe is that the word "transitory" when initially used was meant to imply brief, by the fact that Fed started with saying inflation would subside into summer 2021 to fall to middle of next year. They actually have no clue.

It didn't take a genius to look at real life and see simple examples like Chipotle raising prices 4% and then wages and then prices. Home prices shooting up 20% while rents lagged.

The only thing they'd say: "well look at lumber, it's way back down from $1000+". Yet completely ignoring that $550-$650 is still 20% higher than the previous 5 year average.
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administrative errors
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In reply to GE • 9:00a, 11/13/21
GE said:
Wish Milton Friedman were still alive to interpret this and explain it to people




Sure feels like he'd be jumping for joy right now
***
Coming soon:
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*Physical and mental exercises
*Addiction services

Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
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Red Pear Realty
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12:37p, 11/13/21
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Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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TikkaShooter
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In reply to Red Pear Realty • 1:38p, 11/13/21
Businesses posting political memes from their business screen name is always an interesting tactic/marketing choice…
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Redstone
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1:41p, 11/13/21
AG
My posts and then the reactions to it seem to have all turned blue via surpassing the Star minimum threshold.

Thank you all.
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aggiepaintrain
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3:25p, 11/13/21
AG
this post is aging well

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Red Pear Realty
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In reply to TikkaShooter • 3:58p, 11/13/21
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AG
TikkaShooter said:
Businesses posting political memes from their business screen name is always an interesting tactic/marketing choice…


If your realtor doesn't have an informed take on inflation, you need a new realtor.

On that note, as the meme suggests, this is just the beginning of the inflation story. We are in for another 4 to 5 years of this, and it has the potential to do a lot of damage to our country. And people can stick their heads in the ground and try to pretend it's not real, but that's not going to stop it.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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Sully Dog
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In reply to Red Pear Realty • 5:20p, 11/13/21
I'll hire a political realtor if I ever move back to Texas.
Deplorable Neanderthal Clinger
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TikkaShooter
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In reply to Red Pear Realty • 7:19p, 11/14/21
Informed take /= political take

So enjoy losing business I guess
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Red Pear Realty
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In reply to TikkaShooter • 7:45p, 11/14/21
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AG
Judging by the stars and posts it looks like I probably picked up clients. Also, by now, if you haven't figured out I don't do this specific business for the money, I don't know what to tell you.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
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TikkaShooter
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In reply to Red Pear Realty • 8:26p, 11/14/21
Lol that fake internet blue stars = clients

That's all I need to know…
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YouBet
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8:28p, 11/14/21
AG
I don't have a problem with Red Pear's take on inflation. It's reality.
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CC09LawAg
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In reply to TikkaShooter • 9:30a, 11/15/21
You're totally winning this debate. Great work all around
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leoj
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In reply to YouBet • 9:34a, 11/15/21
AG
YouBet said:
I don't have a problem with Red Pear's take on inflation. It's reality.


4-5 years of 6% inflation is reality?
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YouBet
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In reply to leoj • 9:38a, 11/15/21
AG
leoj said:
YouBet said:
I don't have a problem with Red Pear's take on inflation. It's reality.


4-5 years of 6% inflation is reality?
Inflation is reality and the impact on his business is real. How long and how much increase is debatable.
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administrative errors
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2:34p, 11/15/21
***
Coming soon:
AE Ventures - sooner than soon
*Psychedelic Retreats
*Physical and mental exercises
*Addiction services

Step 3: property found

Step 4: set date

Step 5: plan agenda for participants, food, logistics etc, integration and counseling post-experience

Step 6: long-term planning

I am amped.
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pdawg10384
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10:09p, 11/15/21
AG
T&P for Scimi
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Redstone
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10:16p, 11/15/21
AG
Who is worried about inflation?

The most experienced and intelligent Democrat consultant class.

But hey what do they know about massive, wide, and sustained inflation and its potential political impact in midterms?
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Stive
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In reply to pdawg10384 • 10:56p, 11/15/21
AG
pdawg10384 said:
Surprised Scimi hasn't replied, as a "professional trader". Funny on so many levels.

Scimitar died earlier this fall.

(No I'm not kidding)
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evan_aggie
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In reply to Stive • 11:11p, 11/15/21
AG
No kidding? Wow T&P to his fam.

Hope he at least reached 65...
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