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

[acptulsa]

 

[Occam's Banana]

 

[TheTexan]

You can run on for a long time, run on for a long time... but sooner or later, inflation gonna cut you down

 

[Occam's Banana]

 

[Occam's Banana]

 

[Occam's Banana]

https://twitter.com/CNN/status/1483425033376747521

 

[devil21]

Prices are jumping every time I go grocery shopping. Most notable increase that I follow is the crab meat price. A can of claw meat was $12.99 a year ago. Same can is now $27.99.

 

[Madison320]

Prices are jumping every time I go grocery shopping. Most notable increase that I follow is the crab meat price. A can of claw meat was $12.99 a year ago. Same can is now $27.99.

I still firmly believe that the most accurate long term driver of inflation is the fed's balance sheet. If it wasn't it would mean we could all just stay home and let the Fed send us checks.

The balance sheet is 9 times larger than it was in 2008 so ultimately prices should follow. In other words the price rises we've seen over the past year are just the tip of the iceberg.

My guess is commodity prices will fall a little while the Fed is in this "tightening cycle" and then go ballistic later this year when all hell breaks loose and they launch an even bigger round of QE and set rates back to zero. I don't really watch the CPI, it's too rigged. I look at commodity prices like gold, oil, wheat, copper, etc. I think they'll all be making record highs later this year.

 

[ClaytonB]

Mises Institute: Will the Fed Pop the Everything Bubble? -- 01/26/2022 Daniel Lacalle

 

[ClaytonB]

I'm throwing a flag on "What Austrian economists think it is" -- move that under the burglar, and the meme will be salvaged (mostly). Austrians are crystal-clear that inflation is theft through counterfeiting.

 

[acptulsa]

I'm throwing a flag on "What Austrian economists think it is" -- move that under the burglar, and the meme will be salvaged (mostly). Austrians are crystal-clear that inflation is theft through counterfeiting.

Austrians don't think it's tyrants like Wilson blowing bubbles? You know, picking a lock and committing burglary aren't so mutually exclusive...

 

[ClaytonB]

Austrians don't think it's tyrants like Wilson blowing bubbles? You know, picking a lock and committing burglary aren't so mutually exclusive...

The implication of the meme is that Austrians are in the same boat as all others who don't realize that inflation is really burglary. If that's not what the meme-maker intended, he failed...

 

[acptulsa]

The implication of the meme is that Austrians are in the same boat as all others who don't realize that inflation is really burglary. If that's not what the meme-maker intended, he failed...

Whatever, dude. Only "what Keynesians think" is wrong. I think monetarists and capitalists know it's the dollar shrinking. I think capitalists and Austrians know it happens when the intaglio presses go brrrr.

And I think the meme-maker intended to make a meme, and in that particular meme form (a well-established precedent) the last frame is the punch line, and the punch line is, "What it really is". So if you want to break orthodoxy and go all heretical, go make your own damned memes!

 

[ClaytonB]

Whatever, dude. Only "what Keynesians think" is wrong. I think monetarists and capitalists know it's the dollar shrinking. I think capitalists and Austrians know it happens when the intaglio presses go brrrr.

And I think the meme-maker intended to make a meme, and in that particular meme form (a well-established precedent) the last frame is the punch line, and the punch line is, "What it really is". So if you want to break orthodoxy and go all heretical, go make your own damned memes!

Don't make me come down there and fix that meme myself...

 

[Occam's Banana]

National Enquirer >>> CNN / CNBC / Bloomberg / etc.

 

[oyarde]

National debt cruises past 30 trillion today . Keeps on Chooglin' like the inflation .

 

[oyarde]

Private sector loses jobs in Jan ( more than 300k ) making the forecast a loser by 508K and marking the first decline in 13 months . Decline is in the air for first quarter but expect no improvement on inflation. Trade , Transportation and utilities losing 62K jobs a large negative sign. Only mining showed improvement on the real job list. No improvements expected next month.

 

[oyarde]

Dow could be headed right back to 36K at this rate. March numbers looming large now because the Jan / Feb numbers could all be shit .

 

[oyarde]

Meta disaster and your amazon prime is going up 20 . Oyarde not effected.

 

[oyarde]

Record silver sales in Jan at Perth mint .