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

Occam's Banana said:
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This thing is just getting started. We've got 12 years of monetary inflation for prices to catch up with (from .8 trillion to 8.5 trillion) .


My guess is that somewhere during the next couple years, while prices are running hot and the Fed is tapering, there's going to be a major crisis that's going to "require" more money printing and then it gets really interesting because we'll already have high price inflation. Most likely the crisis will simply be an imploding stock market but it could be anything. Imagine if the Dow crashes to 15K, and prices are still rising by 10%.
 
Worldwide food prices up three percent last month . Turkey prices more than doubled in less than two years ensuring a biden Thanksgiving to be the most expensive Ever. With high prices and absent availability it will be similar to a 1930 Thanksgiving . Us producer price index still looking like it will get around 9 percent higher by yr end locking in another yr of high inflation. Oil thought now to reach 120 next yr . I expect gold will reach 2100 to 2400 by end of April. Dont forget after you give thanks to God for your meal also thank a biden voter .
 
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oyarde said:
Worldwide food prices up three percent last month . Turkey prices more than doubled in less than two years ensuring a biden Thanksgiving to be the most expensive Ever. With high prices and absent availability it will be similar to a 1930 Thanksgiving . Us producer price index still looking like it will get around 9 percent higher by yr end locking in another yr of high inflation. Oil thought now to reach 120 next yr . I expect gold will reach 2100 to 2400 by end of April. Dont forget after you give thanks to God for your meal also thank a biden voter .
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I think it may be a positive if the dollar finally crashes on Biden's watch. If it would've happened while Trump was president it would get blamed on free market capitalism. If it happens while Biden is president there's a better chance that it will get blamed on socialism.

Not that Trump is a free market guy, he's just less socialistic than Biden.
 
Madison320 said:
If it would've happened while Trump was president it would get blamed on free market capitalism. If it happens while Biden is president there's a better chance that it will get blamed on socialism.

Not that Trump is a free market guy, he's just...
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...spun as one.
 
John Hopkins University economist Steve Hanke predicts inflation at six percent or higher through 2022 , 2023 and 2024 at least .
 
white house economic advisor insists trillions more spending bills will bring inflation down .
 
Will the black friday Dow selloff finish at 1K points and be worst day in a yr ? I celebrated black friday by making a trip to the dump and watching cartoons with my three yr old great grand son.
 
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Black Friday online sales decline for the first time. ED failing to do his part to prop up the economy I see .
 
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Biden says US gas prices will drop soon . Only way that happens is if the economy tanks .
 
Dow up 300 on omega - Xi plague and retail decline news. Not much logic there but who am I to say .
 
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US inflation inflation pressures growing in Dallas . 95 Texas manufacturers were surveyed. 60 percent have raised wages , 90 percent expect inflation to last through 2022. ( From Dallas Fed survey ) .
 
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