If they are admitting a 5% jump, the true number is probably more like 15%-20%
https://www.nytimes.com/2021/06/10/b...-may-2021.html
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If they are admitting a 5% jump, the true number is probably more like 15%-20%
https://www.nytimes.com/2021/06/10/b...-may-2021.html
It's mostly in strange places like used car prices, hotel rooms, etc
Some of it will settle out, only time will tell how much
I hope all those big screen stimulus tvs were worth the lifelong interest
They wereQuote:
Originally Posted by Warrior_of_Freedom
how big is yours?Quote:
Originally Posted by TheTexan
32" is the perfect size. Not too big, not too small.Quote:
Originally Posted by Danke
I have four 120"s stacked as 2x2, wired to work as a single TV.Quote:
Originally Posted by Danke
Thx covid stimmies
Used cars were up ten percent in April alone , more now . housing 13 percent last year , more this yr so expect these numbers to go much higher in the near future.
Companies like Coca Cola have said now they are already planning for price increases in 2022 . They know costs are rising and it cant be stopped .
Nine other companies working on price increases now are , Stanley, Clorox , Proctor and Gamble , Kimberly Clark , Honeywell , JM Smucker Co , Whirlpool , Reynolds , Campbell Soup . These are just the ones publicly admitting it . Reynolds has implemented the first round of increases and the second and third rounds are set . Meanwhile the Fed continues to blatantly lie and say it is of no concern and just due to plague shortages. Thats is not even close to the truth they just expect you to be stupid enough to believe it when your paying 45 percent more for a ribeye in 2022 than you did in 2019.
So far I havnt even seen any studies showing a projected impact of the shipping crisis. I expect this could also contribute more to consumer goods increases beyond all the other things contributing.
mine is 120”Quote:
Originally Posted by TheTexan
4000k Epson projector. Great for watching football. But don’t tell the Injun, I don’t want him knocking at my door and eating my popcorn during the playoffs.
you have popcorn ?Quote:
Originally Posted by Danke
Commodity prices have crashed the last couple weeks.
I think before prices really go crazy we'll see all time highs in every commodity, but I don't think we're there yet. Oil could change that.
One thing I think the "experts" are missing is that there's going to be another market crisis. I hear people saying the Fed might start to tighten but that assumes nothing is going to go wrong. When you have 28 trillion in debt and you're borrowing 4+trillion a year, something WILL go wrong. The experts that are predicting tightening will be screaming for more QE when the market starts crashing.
oil is out there leading the way today.
Fed continues with blatant dishonesty saying expects 3 1/2 percent inflation.
Quote:
Originally Posted by dannno
High prices mean more profits, which means more supply brought to market, which means lower prices and normalized profits. The cure for high prices is high prices.
Lumber is down 50% since the peak when he highlights that article.
Home prices are determined by supply and demand not by Blackrock or mysterious people on Wall Street. Speculators don't cause high prices. If Blackrock buys houses for more than they are theoretically worth, then they will lose money. If existing home prices rise to more than people can afford, then new homes will be more economical to build which will bring existing home prices down.
Basically nothing he said is worth listening to, assuming you believe markets work.
That "cure" only works in a free market. Unlimited Federal Reserve notes to select insiders does not a free market make.Quote:
Originally Posted by Krugminator2
Blackrock buys real estate with Federal Reserve notes that have no limits in supply. They can "overpay" because they are using an asset they have an unlimited supply of. Overpaying by 20% doesn't matter to them because more is just a phone call away.
As usual, you're completely wrong, but that's okay.
You should read Economics in One Lesson. Good foundation and gets rid of fuzzy thinking.Quote:
Originally Posted by Matt4Liberty
This article by Walter Block is also useful for this topic. https://fee.org/articles/the-benefits-of-speculation/
Systematically overpaying for something is not a winning strategy. It doesn't matter how much money you have or have access to. At some point you have to sell. And if you have a lot of inventory to unload that depresses price and in the meantime taking inventory off the market would encourage people to build. The laws of economics are undefeated.
^ ThisQuote:
Originally Posted by Matt4Liberty
And even if Blackrock isn't getting "free inflationary cash", no matter, they're just a drop in the literal ocean of cash spewing out of the money-fountain in DC. In fact, most of it ends up going into "defense" spending. This is why it is so important to keep the MIC fully employed at all times. The true purpose of the central bank is not for the government to buy things -- rather, its primary purpose is to light the distributed savings/capital of the general public on fire because distributed savings/capital makes Marxist takeover impossible. "Paper assets" like stocks, mutual funds, bonds, etc. don't count because those are already in the custody of the banking system and can be seized at the snap of the fingers. Marxist takeover is only possible when the vast majority of liquid wealth is in the hands of the central-planners (whether through outright revolution or, as in the case of the US, through a "boiling the frog" approach).Quote:
Blackrock buys real estate with Federal Reserve notes that have no limits in supply. They can "overpay" because they are using an asset they have an unlimited supply of. Overpaying by 20% doesn't matter to them because more is just a phone call away.
As usual, you're completely wrong, but that's okay.
The Agenda is the same as it was since Marx wrote Das Kapital. Nothing has changed.
You keep assuming that the unlimited money printing of the MMT system you support has no affect on the market. Just because currently there are still people willing to buy something for the FED's IOUs doesn't mean that Blackrock isn't well aware of the worthlessness of them, and they have an unlimited supply. You can't overpay with something that has a value of zero.Quote:
Originally Posted by Krugminator2
https://i.pinimg.com/originals/57/f9...dd03ed28f5.jpg
Trying to justify your MMT planned economy with free market rules is like trying to use baseball rules in hockey. It does not work. You can site whatever you want. That's the ultimate scam of the MMT central planner. Trying to make markets out to be some magic form of sourcery. Only the great wizards Powell and Yellan can save us. We commoners can't understand the markets.
Good take. Money is worthless so that means houses are free. And the law of supply and demand is repealed because of something about MMT, Janet Yellen, and wizards.Quote:
Originally Posted by Matt4Liberty
Makes sense.
Your little show of always pretending the point went way over your head is getting old. You keep pushing your MMT and then claim to be for free markets. Somehow though, you conflate Blackrock having unlimited FRNs to "free markets."Quote:
Originally Posted by Krugminator2
Blackrock has as many FRNs as they want. FRNs are not money. They are debt coupons created out of thin air. Blackrock has no worry of devaluing those FRNs or any sort of need for "value" in terms of FRN value. It's like a cheet code in a video game. It doesn't matter if they buy a house at $500,000 that should be worth $400,000. All the money printing will inflate the price past that anyway. Yet somehow this is all free markets. Yeah OK. Let me know if you need this translated into Sinhala again so you can understand.
https://i.postimg.cc/4x88R62F/image.pngQuote:
Originally Posted by Krugminator2
I have a lot of posts over 8 years. Feel free to find one quote pushing MMT. Just one. Go ahead.Quote:
Originally Posted by Matt4Liberty
Money - a current medium of exchange in the form of coins and banknotes; coins and banknotes collectivelyQuote:
FRNs are not money. They are debt coupons created out of thin air.
Dollars are money.
Quote:
Your little show of always pretending the point went way over your head is getting old.
I regurgitated your point. No credible economist thinks like you or says anything close. You are an economic illiterate.
For example
Quote:
It doesn't matter if they buy a house at $500,000 that should be worth $400,000.
That's pretty daft.
Or this gem...
Quote:
Originally Posted by Matt4Liberty
And how does that apply to the Federal Reserve purchasing government bonds at above market prices?Quote:
Originally Posted by Krugminator2
The dropoff from the mid 1960's to now is incredible. People really dont understand it as far as I can tell .Of course a big part of the working population would have become accustomed to this in the late 80's to now.Quote:
Originally Posted by ClaytonB
At a set amount every month weather it is needed or not for years at a time . Crazy town is how I see it. You'd think AOC was running the Fed.Quote:
Originally Posted by Brian4Liberty