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

Looking forward it seems as though inflation could be permanently be twice or more any GDP growth that could be obtained unless the economy totally collapsed . Say you could eventually summon 2 percent GDP on a consistent basis ( not been done in modern times) , I doubt youd get below 4 or 5 percent inflation.
 
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Labor Force Participation rate at 62.3 percent in Dec , below pre plague levels . The avg work week has declined over the past two yrs and at 34.3 hours in Dec does not appear poised to improve gdp .
 
Tomorrow will be new inflation number from the magic hat , could it be 6.6 ? 6.45 ? no matter . I see no changes for positive
 
The Science[sup]TM[/sup]:

https://twitter.com/stocktalkweekly/status/1613535030177050629
IjmfOnL.png
 
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Quite possibly in the next couple months inflation may not even go down. Fed probably moves a couple more 1/4 point moves and stops. That isnt ever going to reduce inflation under 4 perdent next yr and it could remain higher , say 5 percent easily. Keep in mind that percent has double digit third world food inflation removed. Reality check , your still living in a third world coutry. Services less shelter rent was up .4 percent and could even cause increases in inflation in near fuure.
 
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CaptUSA said:
6.5% above Dec 2021. Which was 7% above 2020. Only in clown world do people say that inflation is coming down.
Click to expand...

1. The rates you cited are backward looking and have nothing to do with what inflation is currently doing. The current rate is lower than Dec 2020 and Dec 2021

2. Inflation is dropping precipitously and is much lower than currently stated because of how they calculate housing. We are in deflation right now.

M2 growth is negative year over year which only happens a few times a century. The Fed's job should be done now.
 
Occam's Banana said:
The Science[SUP]TM[/SUP]:

"Inflation is always and everywhere a monetary millennial phenomenon." -- Milton Friedman
​
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Uh huh. Because more people makes for a greater demand for currency, and when demand goes up, value goes--down?

Only if you print like Parker Brothers, assholes.
 
acptulsa said:
Uh huh. Because more people makes for a greater demand for currency, and when demand goes up, value goes--down?

Only if you print like Parker Brothers, assholes.
Click to expand...

From what I can gather from the article's "everything but the kitchen sink"[1] approach to "explaining" inflation, it isn't so much that there are too many millennials, but that there are too many millennials with too much money and not enough stuff for them to consume.



[1] Apparently, "[t]he causes behind the steep jumps [in inflation] include high [...] prices [...]" - so I guess maybe they included the kitchen sink, after all.
 
Looking forward In the new banana republik america ( sorry no bananas just a shitty currency )you'll still have 4 or 5 percent inflation ( when it isnt 6.6) , double digit inflation on groceries and the fed probably will raise a 1/4 point a couple more times. There wont be any positive gdp , wages will lag behind inflation for months and yrs ( like the past 21 months ). You just have to find a way to be happy in it . The good times are gone , inflation may never be under 3 percent , unemployment may rise but these are the new good times because it can get quite worse than this .
 
Chicom populations decline for first time since last great Mao famines (1961), last yrs gdp there was around 3 percent or about half the target.
 
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