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

  1. #181
    Quote Originally Posted by oyarde View Post
    Daily out of control third world inflation continues in America as one yr oil forecast reaches 96 on 7 yr high for oil.
    No worries, it is "transitory", indeed...
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Trump Jr 2024!!!!



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  3. #182
    Quote Originally Posted by TheTexan View Post
    No worries, it is "transitory", indeed...
    Ya , transitory , LOL . I think its safe to say that since oil only has to rise 17 percent to break over 100 that within the next year we will see that unless the economies collapse and there is no demand.
    Do something Danke

  4. #183
    Quote Originally Posted by TheTexan View Post
    No worries, it is "transitory", indeed...
    Maybe it's only identifying as transitory....
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  5. #184
    Quote Originally Posted by CaptUSA View Post
    Maybe it's only identifying as transitory....
    LOL -- "Don't hurt inflation's feelings, it identifies as 'real economic growth'..."
    2 Sam. 12; John 6:38,39; Matt. 18:21-35; Rev. 2:5; 1 Cor. 4:20



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  7. #185
    Quote Originally Posted by oyarde View Post
    Ya , transitory , LOL . I think its safe to say that since oil only has to rise 17 percent to break over 100 that within the next year we will see that unless the economies collapse and there is no demand.
    This debt ceiling holdup is messing up the spending and borrowing. They need to clear that up to smooth the path for $150 oil. And they will.

  8. #186
    Gas stations across Iran are closed . Cyber attack rendering iranian govt subsidized fuel cards useless . Only gas stations outside the network that only take cash ( few) are operational . Iranians pay 20 cents a gallon while the govt picks up the tab ( marxist paradise ). In 2019 the iranian govt is believed to have killed 304 protesters over an increase in gas prices in the govt crackdown .
    Last edited by oyarde; 10-26-2021 at 09:40 PM.
    Do something Danke

  9. #187
    US Fed Comm commission voted to cancel permission for china telecom to operate in the US.
    Do something Danke

  10. #188
    GDP looking like a lock to be a let down , continuing the modern times trend .
    Do something Danke

  11. #189
    Avg gasoline price in San Fran hit 4.75 Thurs . Highest ever US avg for a city .
    Do something Danke

  12. #190
    US supreme court rejects religion challenge to Maine shot mandate for health care workers. Gamestop CEO leaving after 7 months .
    Last edited by oyarde; 10-29-2021 at 04:18 PM.
    Do something Danke

  13. #191
    Looks like the govt will run out of money by as early as a week and a half before Chrismas.
    Last edited by oyarde; 10-29-2021 at 07:47 PM.
    Do something Danke

  14. #192
    Deutche bank predicting chinese recession starts in Jan,
    Do something Danke



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  16. #193
    Today in 1895 the ottomans perpetrate the massacres of Amida exterminating 100K Greeks. In Oct , the 24th through 29th in 1929 the Dow had dropped 25 percent .. Tomorrow is 2 Nov so at least we avoided those so far this yr.
    Do something Danke

  17. #194
    Since we know the fed will not be aggressive with the taper or rate increases and that inflation through next yr is a lock our only entertainment left is guess the inflation and gold price by end of June . I'll guess 5 percent reported inflation .
    Do something Danke

  18. #195
    Quote Originally Posted by oyarde View Post
    Avg gasoline price in San Fran hit 4.75 Thurs . Highest ever US avg for a city .
    That doesn't sound right. I'm pretty sure it was higher back in 2007 or so?

  19. #196

  20. #197
    Unemployment at 4.6 percent , Dow at 36,400, biden claims this great news is because of his shot plan . The shot that doesnt work . Payroll groth though is slowing in retail trade , warehousing and transportation . Look for some good 6 percent inflation the remainder of 2021 and 2022 . Between now and April I would expect a new high for Gold but we shall see . Nov is a short month with a four day weekend and a planned strike of several days so the next econmic numbers to view will be Dec I suppose .
    Last edited by oyarde; 11-22-2021 at 08:50 AM.
    Do something Danke

  21. #198
    Kellogs strike reaches a month .
    Do something Danke

  22. #199
    Quote Originally Posted by Occam's Banana View Post
    //

  23. #200



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  25. #201
    Quote Originally Posted by Occam's Banana View Post
    This thing is just getting started. We've got 12 years of monetary inflation for prices to catch up with (from .8 trillion to 8.5 trillion) .


    My guess is that somewhere during the next couple years, while prices are running hot and the Fed is tapering, there's going to be a major crisis that's going to "require" more money printing and then it gets really interesting because we'll already have high price inflation. Most likely the crisis will simply be an imploding stock market but it could be anything. Imagine if the Dow crashes to 15K, and prices are still rising by 10%.

  26. #202
    Worldwide food prices up three percent last month . Turkey prices more than doubled in less than two years ensuring a biden Thanksgiving to be the most expensive Ever. With high prices and absent availability it will be similar to a 1930 Thanksgiving . Us producer price index still looking like it will get around 9 percent higher by yr end locking in another yr of high inflation. Oil thought now to reach 120 next yr . I expect gold will reach 2100 to 2400 by end of April. Dont forget after you give thanks to God for your meal also thank a biden voter .
    Last edited by oyarde; 11-10-2021 at 09:13 AM.
    Do something Danke

  27. #203
    Quote Originally Posted by oyarde View Post
    Worldwide food prices up three percent last month . Turkey prices more than doubled in less than two years ensuring a biden Thanksgiving to be the most expensive Ever. With high prices and absent availability it will be similar to a 1930 Thanksgiving . Us producer price index still looking like it will get around 9 percent higher by yr end locking in another yr of high inflation. Oil thought now to reach 120 next yr . I expect gold will reach 2100 to 2400 by end of April. Dont forget after you give thanks to God for your meal also thank a biden voter .
    I think it may be a positive if the dollar finally crashes on Biden's watch. If it would've happened while Trump was president it would get blamed on free market capitalism. If it happens while Biden is president there's a better chance that it will get blamed on socialism.

    Not that Trump is a free market guy, he's just less socialistic than Biden.

  28. #204
    Quote Originally Posted by Madison320 View Post
    If it would've happened while Trump was president it would get blamed on free market capitalism. If it happens while Biden is president there's a better chance that it will get blamed on socialism.

    Not that Trump is a free market guy, he's just...
    ...spun as one.
    "Stupidity got us into this mess. Why can't it get us out?"--Will Rogers

    "All I know is what I read in the newspapers, and that's an alibi for my ignorance."--Will Rogers

  29. #205
    John Hopkins University economist Steve Hanke predicts inflation at six percent or higher through 2022 , 2023 and 2024 at least .
    Do something Danke

  30. #206
    white house economic advisor insists trillions more spending bills will bring inflation down .
    Do something Danke

  31. #207
    Will the black friday Dow selloff finish at 1K points and be worst day in a yr ? I celebrated black friday by making a trip to the dump and watching cartoons with my three yr old great grand son.
    Last edited by oyarde; 11-26-2021 at 12:32 PM.
    Do something Danke

  32. #208
    Black Friday online sales decline for the first time. ED failing to do his part to prop up the economy I see .
    Last edited by oyarde; 11-29-2021 at 09:51 AM.
    Do something Danke



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  34. #209
    Cyber Mon spending expected to slow .
    Do something Danke

  35. #210
    Biden says US gas prices will drop soon . Only way that happens is if the economy tanks .
    Do something Danke

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