CPI jumps 5% in May of 2021, fastest since 2008

[Matt Collins]

If they are admitting a 5% jump, the true number is probably more like 15%-20%


https://www.nytimes.com/2021/06/10/business/consumer-price-index-may-2021.html

 

[TheCount]

It's mostly in strange places like used car prices, hotel rooms, etc


Some of it will settle out, only time will tell how much

 

[dannno]

 

[Warrior_of_Freedom]

I hope all those big screen stimulus tvs were worth the lifelong interest

 

[TheTexan]

I hope all those big screen stimulus tvs were worth the lifelong interest

They were

 

[Danke]

They were

how big is yours?

 

[Warrior_of_Freedom]

how big is yours?

32" is the perfect size. Not too big, not too small.

 

[TheTexan]

how big is yours?

I have four 120"s stacked as 2x2, wired to work as a single TV.

Thx covid stimmies

 

[oyarde]

Used cars were up ten percent in April alone , more now . housing 13 percent last year , more this yr so expect these numbers to go much higher in the near future.

 

[oyarde]

Companies like Coca Cola have said now they are already planning for price increases in 2022 . They know costs are rising and it cant be stopped .

 

[oyarde]

Nine other companies working on price increases now are , Stanley, Clorox , Proctor and Gamble , Kimberly Clark , Honeywell , JM Smucker Co , Whirlpool , Reynolds , Campbell Soup . These are just the ones publicly admitting it . Reynolds has implemented the first round of increases and the second and third rounds are set . Meanwhile the Fed continues to blatantly lie and say it is of no concern and just due to plague shortages. Thats is not even close to the truth they just expect you to be stupid enough to believe it when your paying 45 percent more for a ribeye in 2022 than you did in 2019.

 

[oyarde]

So far I havnt even seen any studies showing a projected impact of the shipping crisis. I expect this could also contribute more to consumer goods increases beyond all the other things contributing.

 

[Danke]

I have four 120"s stacked as 2x2, wired to work as a single TV.

Thx covid stimmies

mine is 120”

4000k Epson projector. Great for watching football. But don’t tell the Injun, I don’t want him knocking at my door and eating my popcorn during the playoffs.

 

[oyarde]

mine is 120”

4000k Epson projector. Great for watching football. But don’t tell the Injun, I don’t want him knocking at my door and eating my popcorn during the playoffs.

you have popcorn ?

 

[Madison320]

Commodity prices have crashed the last couple weeks.

I think before prices really go crazy we'll see all time highs in every commodity, but I don't think we're there yet. Oil could change that.

One thing I think the "experts" are missing is that there's going to be another market crisis. I hear people saying the Fed might start to tighten but that assumes nothing is going to go wrong. When you have 28 trillion in debt and you're borrowing 4+trillion a year, something WILL go wrong. The experts that are predicting tightening will be screaming for more QE when the market starts crashing.

 

[oyarde]

oil is out there leading the way today.

 

[oyarde]

Fed continues with blatant dishonesty saying expects 3 1/2 percent inflation.

 

[Krugminator2]

High prices mean more profits, which means more supply brought to market, which means lower prices and normalized profits. The cure for high prices is high prices.

Lumber is down 50% since the peak when he highlights that article.

Home prices are determined by supply and demand not by Blackrock or mysterious people on Wall Street. Speculators don't cause high prices. If Blackrock buys houses for more than they are theoretically worth, then they will lose money. If existing home prices rise to more than people can afford, then new homes will be more economical to build which will bring existing home prices down.

Basically nothing he said is worth listening to, assuming you believe markets work.

 

[ClaytonB]

 

[Matt4Liberty]

High prices mean more profits, which means more supply brought to market, which means lower prices and normalized profits. The cure for high prices is high prices.

Lumber is down 50% since the peak when he highlights that article.

Home prices are determined by supply and demand not by Blackrock or mysterious people on Wall Street. Speculators don't cause high prices. If Blackrock buys houses for more than they are theoretically worth, then they will lose money. If existing home prices rise to more than people can afford, then new homes will be more economical to build which will bring existing home prices down.

Basically nothing he said is worth listening to, assuming you believe markets work.

That "cure" only works in a free market. Unlimited Federal Reserve notes to select insiders does not a free market make.


Blackrock buys real estate with Federal Reserve notes that have no limits in supply. They can "overpay" because they are using an asset they have an unlimited supply of. Overpaying by 20% doesn't matter to them because more is just a phone call away.

As usual, you're completely wrong, but that's okay.