CPI jumps 5% in May of 2021, fastest since 2008
- Thread starter Matt Collins
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Fed carrying 330 billion in yet unrealized losses at the end of first quarter in mortgage backed securities . Last year ended with a larger 458 billion unrealized loss. Basically what this means going forward in the future is the treasury should not be expecting profits from the fed to deposit ( roughly 107 billion last year and 32 billion this yr ) .
Madison320
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That measure is the least accurate. It also happens to be the Fed's preferred measure. Why is that?
Price cuts are starting to happen in many areas. Some small cuts, some large cuts but they are starting. High rates and high prices have priced out a lot of otherwise potential buyers.
Pretty much big picture it is quite possible we are at the beginning of the end now. With the spending and debt gone on in the past 13 1/2 yrs and the amount of debt to our dismal GDP projected in the next decade along with a pelosi - schumer type budget its hard to imagine the unbacked paper dollar and the fed govt to remain as is in status quo within the next 10 to 12 yrs . Although they have kept it propped up the past 13 which is quite amazing in itself .
The Larry Kudlow commentary today titled "Biden knows the economy is moving towards recession " and the CBO report ( estimated annual shortfall of 1.6 trillion from 2023 to 2032 ) pretty well sum up the direction we are headed . By 2032 fed debt would be roughly 110 to 125 percent of GDP . All very realistic .
Krugminator2
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So the same americans who were recently given more unemployment monies than they made at work are supposed to suddenly toughen up , work harder for less and be happy with stagflation and lower standard of living ? I'm not really picturing it unless its after a total collapse.......
Gasoline prices through the roof here today pushing 4.90, expecting 5 on next stations fill ups as wholesale gasoline nears 4.20 .West Texas crude about 117 , Brent Crude about 118 . One yr oil forecast moves to 134. Pretty well out of control now as this inflation seeps into the grocery driving high prices higher.
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Oil 119.72 , one yr oil forecast moves to 136 . Pretty much all over now , local gas at 4.90 . Only thing that will stop 5 gas and 6 doll diesel now is an economy crash. Grocery inflation will rise between now and Christmas and the savings rate is dismal. More FRN's fueling the inflation.Looking like the calamity might arrive before one more decade.
