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

oyarde said:
new inflation number 7 1/2 percent
Click to expand...

SQno11h.jpg
 
South Afrika mining sectors grew 11.2 percent last yr . Here in the pelosi - schumer- biden - harris amerika the only 11 percent you'll see is decline of the value of the FRN.
 
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biden sending 3k more troops to poland to skeer putin. Should help the economy in poland , just not yours .
 
With inflation beginning the out of control spiral and the feds lack of general interest in the process I think its time to speculate when the next recession sets in
 
oyarde said:
With inflation beginning the out of control spiral and the feds lack of general interest in the process I think its time to speculate when the next recession sets in
Click to expand...

Assuming they stop doing QE my guess is they only get a few rate hikes before we get a crash and they go back to 0% and resume QE. Their cure for price inflation will be price controls. Then you'll see real shortages.

At some point things will get so bad that the Fed will be forced to raise rates, let the economy crash and force the US to default on it's debt. But I think we're a long way from that.
 
Madison320 said:
Assuming they stop doing QE my guess is they only get a few rate hikes before we get a crash and they go back to 0% and resume QE. Their cure for price inflation will be price controls. Then you'll see real shortages.

At some point things will get so bad that the Fed will be forced to raise rates, let the economy crash and force the US to default on it's debt. But I think we're a long way from that.
Click to expand...

I am currently working on an article for The Hill, discussing all of the reasons why monetary policy became too expansionary in late 2021. One reason I cite is the Fed’s reluctance to move fast. They’ve seen evidence of overheating for several months, but fear another “taper tantrum” if they move too quickly to tighten policy.

In fact, the 2013 taper tantrum is widely misunderstood. The problem was not that the Fed tightened policy unexpectedly, it’s that the Fed tightened policy inappropriately, at a time when unemployment was 7.5%. The markets don’t fear unstable policy instruments, they fear bad macroeconomic outcomes.

Today, a tightening of policy is overdue. A new article in the Financial Times discusses how things are very different from back in 2013. Here’s the headline:
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https://www.themoneyillusion.com/why-2022-is-different/



 
US relocates Ukraine embassy .Gold reaches 1875.20 , no sign of inflation doing anything but rising. One of my neighbors said his kid and spouse tracked grocery spending the past twelve months on same weekly items and saw 43.33 percent increase from Jan to Jan, hey but they got a three percent raise .
 
Inflation is already 10 percent or more so what CNN is saying is putin can move it to 15 percent or more or third world level.
 
oyarde said:
Inflation is already 10 percent or more so what CNN is saying is putin can move it to 15 percent or more or third world level.
Click to expand...

My guess is we get price controls in the next few years.

Followed by shortages. Not the wimpy little toilet paper shortages either.
 
Gold 1909 , Dow 33,689 , Silver 24.56 , yesterdays copper close over 4 1/2 , one yr oil forecast is 106. You are beginning to see the fruit of inflation from the past 13 years of added monies.
 
Think Oil pulls back 10% or so here but might not be a super smooth ride. A lot things lined up to keep it from going much higher. Technically very overbought using a few different metrics. Exchanges raising margin requirements. Using strategic reserve
 
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