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

[oyarde]

Fascinating , the economy can tank and food inflation will still be going up . I'd say by Jul no doritos for most. Enjoy the third world.

 

[otherone]

Fascinating , the economy can tank and food inflation will still be going up . I'd say by Jul no doritos for most. Enjoy the third world.

Yup. Those with debt are boned. Like I said in 08, "as long as people keep their jobs, we'll be ok". The other shoe's about to drop. Watch the housing market. Doritos are the last of people's worries. Right after pronouns.

 

[acptulsa]

Fascinating , the economy can tank and food inflation will still be going up .

Stagflation, just like the Ford and Carter years.

 

[oyarde]

Stagflation, just like the Ford and Carter years.

Thats where it seems to be going. Megan Henny , Fox Business article today titled , JP Morgan warns investors should brace for 1970s style stagflation.

 

[oyarde]

Yup. Those with debt are boned. Like I said in 08, "as long as people keep their jobs, we'll be ok". The other shoe's about to drop. Watch the housing market. Doritos are the last of people's worries. Right after pronouns.

The bright side of a collapse means those f a g g o t s wont have time to worry about pronouns

 

[oyarde]

looking like inflation this quarter will still run nearly a half point higher than GDP.

 

[oyarde]

Pending home sales down 4.9 percent in Jan while combined Dec - Jan inflation is up a half point and durable goods orders dropped 6.1 percent in Jan. The peasants savings are gone . Mortgage rates 7 percent .Bitcoin 61K .Record individual debt, may get a 1/4 point rate cut from Fed in Jul and another after, thats probably it without sending inflation back to 4 . Im thinking that should push 2200 to 2400 gold paper share spot. Physical gold could get as much as 8 percent higher , could mean 2690 Gold Buffalos for Christmas .Gold highly under valued in comparison to land . Silver and platinum highly undervalued, no idea if they pick up, silver ( peasants money) been belly up for a long time .Oil getting back close to 80 .Layoffs active , unemployment claims can start rising . Spending down , prices up.Everything appears fragile.

 

[oyarde]

UPS laying off 12k , completely predictable , 6 months after giving in to union with the go out of business contract. No idea how americans got so retarded in just a few decades, it is like watching someone walk in front of a speeding locomotive.

 

[oyarde]

2086 gold today with 2094 futures, lowest lobster catch since 09 , price probably rising .The Count is going to have to cut back. Oil back to 80 for first time since Nov , chooglin

 

[oyarde]

Gold ( it and bitcoin are the money of the future ) 2118.60 .

 

[oyarde]

With increases in borrowing costs factored in inflation wouldve peaked around 18 percent 2022 and currently run about 8 percent according to Mark Hulbert Marketwatch article today.

 

[oyarde]

Gold futures 2122.6 as gold broke 2120 today

 

[oyarde]

gold 2164 , starting to catch up a little with inflation

 

[oyarde]

No change in inflation expected for Feb or Mar , tax refund money keeping it flat. GDP 1st qtr may make 2 1/2 decade avg of 1.9 after revised down leaving inflation a full point more over productivity, no reason gold cant do 2200 in Mar

 

[oyarde]

Poland pres calls for NATO allies to spend 3 percent of GDP on defense

 

[ClaytonB]

 

[oyarde]

core inflation still nearly 4 percent , inflation pretty much unchanged 2023 and 2024 , after 3 yrs down a pecent from Collins original post

 

[oyarde]

Gold 2180 today , US Mint one oz gold Proof Buffalos priced at 2990, silver to 25 today moving silver eagle retail to 32, one oz gold eagles are 2257 to dealers, retail as muc as 2370, bitcoin 73k , Dow 39k

 

[oyarde]

Gold finally catcing up a bit for inflation and depreciated FRN . New all time mark tonigt.

 

[ClaytonB]