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

  1. #601
    Quote Originally Posted by oyarde View Post
    Energy prices just keep on chooglin' . No inflation relief or GDP growth in sight. The good times are over .
    We just blew thru the 31 trillion mark on the national debt. Yay!



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  3. #602
    Quote Originally Posted by Madison320 View Post
    We just blew thru the 31 trillion mark on the national debt. Yay!
    debt up about 450 percent since year 2000 (5.8 trillion to 31 ) while the gdp is up about 40 percent since then ( avg of 1.9 percent per year and going down). So thats a failed state that isnt coming back from the cliff edge . You cant run a successful country increasing debt like that
    Last edited by oyarde; 10-06-2022 at 12:11 PM.
    Do something Danke

  4. #603
    Quote Originally Posted by oyarde View Post
    debt up about 450 percent since year 2000 (5.8 trillion ) while the gdp is up about 40 percent since then ( avg of 1.9 percent per year and going down). So thats a failed state that isnt coming back from the cliff edge . You cant run a successful country increasing debt like that
    I'm starting to think that the best way out is to partially default on the debt.

    When you loan money to somebody you assume a certain amount of risk of default. Why should it be different when you loan it to the govt?

    After the default it would be much harder for the US govt to borrow money, and that's a good thing.

  5. #604
    Another jumbo rate hike coming from fed next month.
    Do something Danke

  6. #605
    Bottom 90 percent of US saw debt increases of 300 billion ( 110 million houseolds).in past yr .New record.
    Do something Danke

  7. #606
    Russia declares facebook meta a terror group. Rumors are Alaska will cancel crab season.
    Last edited by oyarde; 10-11-2022 at 06:19 PM.
    Do something Danke

  8. #607
    US producer price inflation reported at 8.5 percent . That is horribly high for wholesale. Should be plenty of third world inflation still around for Nov elections. Fresh veggies up 15.7 percent and rising .Enjoy. Dow up 137 on this great news.
    Last edited by oyarde; 10-12-2022 at 10:06 AM.
    Do something Danke

  9. #608
    Americas six largest banks are putting back 4 1/2 billion to be used to cover expected loan losses in Q3. 2022 second quarter saw deliinquent loans ( 30 to 89 days past due )rise 11.4 billion ( 25 percent ) over same period yr prior.
    Do something Danke



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  11. #609
    inflation hot , hot , hot .New number from information bureau still over 8 and up about a half point from the month prior.Dow at risk for 27k soon.
    Last edited by oyarde; 10-13-2022 at 08:09 AM.
    Do something Danke

  12. #610
    The next shock will be wintertime, the first one since natural gas prices have increased by 50% year-to-date.

  13. #611
    Quote Originally Posted by gaazn View Post
    The next shock will be wintertime, the first one since natural gas prices have increased by 50% year-to-date.
    yeah, that's what I use. yay.

  14. #612
    bank of america estimates inflation to last a decade.
    Do something Danke

  15. #613
    At this point there is no reason to expect any growth until summer of 2024 at least also no reason to expect much improvement in inflation.
    Do something Danke

  16. #614
    Just saw a headline that says "Budget deficit shrank to 1.37 trillion in fiscal 2022."

    First of all "shrank to 1.37 trillion" sounds kinda funny.

    Second the actual deficit, which is the amount we borrowed, was 2.5 trillion. They don't count a lot of spending when then calculate the deficit. So we just borrowed 2.5 trillion and that was before the effects of the coming crash have been felt. I'm betting we borrow 4 trillion in FY2023.

  17. #615
    Quote Originally Posted by Madison320 View Post
    Just saw a headline that says "Budget deficit shrank to 1.37 trillion in fiscal 2022."

    First of all "shrank to 1.37 trillion" sounds kinda funny.

    Second the actual deficit, which is the amount we borrowed, was 2.5 trillion. They don't count a lot of spending when then calculate the deficit. So we just borrowed 2.5 trillion and that was before the effects of the coming crash have been felt. I'm betting we borrow 4 trillion in FY2023.
    US Federal tax revenue for fiscal yr 2021 was about four trillion ( 4.047), an all time high so figure roughly they are adding another 61 percent in debt over that this past fiscal yr.
    Do something Danke

  18. #616
    Quote Originally Posted by oyarde View Post
    US Federal tax revenue for fiscal yr 2021 was about four trillion ( 4.047), an all time high so figure roughly they are adding another 61 percent in debt over that this past fiscal yr.
    I expect tax revenue to collapse over the next couple years as the recession deepens.

    Well at least until the Fed pivots ... then we'll have a spike up in a lot of things.



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  20. #617
    Quote Originally Posted by Madison320 View Post
    yeah, that's what I use. yay.
    Projections are nearly a 30 percent increase so far in billing.
    Do something Danke

  21. #618
    I'm thinking next yr we could see double digit interest for home loans
    Do something Danke

  22. #619
    Quote Originally Posted by oyarde View Post
    I'm thinking next yr we could see double digit interest for home loans
    You might be right, but gov. will intervene.
    https://www.yahoo.com/finance/news/b...090000513.html

    There are two kinds of people, those who own houses and those that don't.

    We're being governed ruled by a geriatric Alzheimer patient/puppet whose strings are being pulled by an elitist oligarchy who believe they can manage the world... imagine the utter maniacal, sociopathic hubris!

  23. #620
    Quote Originally Posted by Pauls' Revere View Post
    You might be right, but gov. will intervene.
    https://www.yahoo.com/finance/news/b...090000513.html

    There are two kinds of people, those who own houses and those that don't.
    I think pretty much every economist in that article said we could never have higher inflation, the only thing we had to worry about is deflation. So they don't have much credibility.

    But anyway I totally agree, the Fed/Govt is going to intervene at some point. Ultimately they'll intervene to prevent the US govt from defaulting on it's debt. But I think they'll intervene before that to prevent bank failures or some other crisis.

  24. #621
    Years of third world inflation are not free . The toll weighs heavy . Americas personal savings rate has fallen this quarter from last to the eigth lowest quarter in 75 yrs ( 1947) fallen from 3.4 percent of income to 3.3 percent of income which is dismal of course. Lowest level since the great obama - biden recession. Adjusted for inflation savings are down 88 percent from the 2020 peak and 61 percent lower than pre plague. Credit card debt up 13 percent this yr , the largest annual increase in twenty years . In case you are not aware the country is in much worse shape than 20 years ago by an amount that is staggering. Americans ability to pay bills on time has fell for the first time in five yrs. The ghost of printing past will be with you for some time.
    Last edited by oyarde; 10-28-2022 at 10:17 AM.
    Do something Danke

  25. #622
    Global markets down 28 trillion this yr. What will next yr bring ?
    Do something Danke

  26. #623
    After 1 1/2 yrs of runaway third world inflation americans celebrate by buying stocks. CPI comes in at 7.7 percent with higher food and fuel removed , Dow up 1201
    Do something Danke

  27. #624
    U.K. economy shrunk by .2 percent in Jul and Aug with wide spread reductions in mnfg . Bank of England still expecting an 8 quarter recession , stagflation , no growth and high inflation.
    Last edited by oyarde; 11-14-2022 at 03:07 PM.
    Do something Danke



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  29. #625
    Amazon layoffs rumored ( ny times) to start with 10K employees and could start this week , meta - facebook layoffs will be 11K or 13 percent of its workforce.
    Do something Danke

  30. #626
    Quote Originally Posted by oyarde View Post
    After 1 1/2 yrs of runaway third world inflation americans celebrate by buying stocks. CPI comes in at 7.7 percent with higher food and fuel removed , Dow up 1201
    That shows you how desperate the markets are for the fed to pivot to easy monetary policy.

  31. #627
    US household debt climbs at fastest annual rate last quarter since 2008 even though interest rates charged to consumers climbed to highest in several decades
    Do something Danke

  32. #628
    Inflation in UK reaches 11.1 percent , last time that high was 41 years ago.
    Do something Danke

  33. #629
    Japanese Inflation At Forty-Year High

    https://www.thefinancialtrends.com/2...rty-year-high/
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankindÖitís people I canít stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  34. #630
    Sales at brick and mortar stores after Thanksgiving were below pre plague numbers and down from last yr as well. General foot traffic down by more than ten percent from 2019, retail sales down 5 percent from last year and 9 percent from 2019. I see no reason not to expect inflation will continue this negative trend through next yr as well .
    Last edited by oyarde; 12-06-2022 at 08:17 PM.
    Do something Danke

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