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

[oyarde]

I think the fed should be freaking out and while I personally see no reason for it to continue at all since it is there it wouldve helped if they were not all incompetent. If you performed at a job as they have for a yr you'd be fired sooner and rightfully so. When the major league baseball season ends this yr there will not be a player on a roster who didnt perform better than these dipshits.

 

[oyarde]

I read a book a few years ago on hyperinflation by a guy who lived thru 3 of them. 2 in argentina and one in chile. One thing he mentioned is that prices didn't all go up in fact real estate prices crashed hard each time because people were selling their homes so they could afford to buy food. I think the basic idea is that essentials like food go way up but non-essentials go way down.[/QUOTE
Interesting but different . On avg I'd say the avg Mexican or South American spends more on food and less on energy , housing , etc than an avg american even in normal times. Overall there is probably no welfare , food stamps or social security so hard to tell if that type of scenario could go here . I could picture americans selling bigger homes for smaller , especially childless couples but there is already a shortage of those smaller homes available .

 

[Madison320]

Interesting but different . On avg I'd say the avg Mexican or South American spends more on food and less on energy housing , clothing etc than an avg american even in normal times. Overall there is probably no welfare , food stamps or social security so hard to tell if that type of scenario could go here . I could picture americans selling bigger homes for smaller , especially childless couples but there is already a shortage of those smaller homes available .

I wouldn't be surprised if there's a lot of chinese people buying real estate. They're going to be trying to trade their dollars for something of real value. The next step will be a ban on foreigners buying US property.

 

[oyarde]

One yr oil forecast 122.00 . I still think gold has a good shot of hitting a new record in Apr - May. ( reached 2000.80 this morning )

 

[Madison320]

One yr oil forecast 122.00 . I still think gold has a good shot of hitting a new record in Apr - May. ( reached 2000.80 this morning )

I'm a little surprised commodities are all close or above hitting record highs since the Fed is just starting a "tightening" cycle. Just wait until the economy starts to crash hard and the Fed reverses course and starts printing. I think that will trigger massive moves up in commodities. I'm looking at the current increases as gravy since I didn't expect it.

 

[oyarde]

US Sec of Defense and Sec of State to arrive in Ukraine tomorrow

 

[oyarde]

On msnbc interview this week yellen says " I think we'll have to put up with high inflation for awhile longer " . Check back later to see how many years " awhile longer " may be uttered from someone who has lived under a rock for the past yr.

 

[ClaytonB]

On msnbc interview this week yellen says " I think we'll have to put up with high inflation for awhile longer " . Check back later to see how many years " awhile longer " may be uttered from someone who has lived under a rock for the past yr.

Two weeks to reduce inflation...

 

[Occam's Banana]

Inflation is workers' fault ...

https://www.wsj.com/articles/worker...-raisesand-keeping-inflation-high-11650792602

 

[oyarde]

Ya the inflation is all the fault of the median income US worker. If those bastards would quit buying so many 5.00 a doz eggs.LOL . That is so retarded even the public wont believe it. The propaganda needs improvement .

 

[oyarde]

economy shrinks in US 1.4 percent first quarter with double digit inflation still in the mix

 

[oyarde]

economy off by 2 1/2 percent of estimates

 

[oyarde]

personally , i'd view contraction during the height of tax refund season a very bad sign for the next quarter . inlafion still chooglin' though.

 

[oyarde]

US trade deficits reached all time high , will it be reaching for new highs? net exports dragging for seven consecutive quarters . Has the new US motto become "there may not be a lot to buy but it sure will be expensive " ?

 

[oyarde]

dow up 589

 

[oyarde]

China manufacturing weakens further , US consumer spending rising by .2 percent while savings rate dropped three times as much, inflation keeps on chooglin'

 

[oyarde]

Colorado inmate tests positive for H5 bird flu

 

[Occam's Banana]

god tier hoochie moron

https://twitter.com/decemberarie/status/1443270986103721984

 

[acptulsa]

 

[oyarde]

Gasoline and diesel exceeded all time high prices here this week . Inflation keeps on chooglin'