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

[oyarde]

Looking forward it seems as though inflation could be permanently be twice or more any GDP growth that could be obtained unless the economy totally collapsed . Say you could eventually summon 2 percent GDP on a consistent basis ( not been done in modern times) , I doubt youd get below 4 or 5 percent inflation.

[oyarde]

Labor Force Participation rate at 62.3 percent in Dec , below pre plague levels . The avg work week has declined over the past two yrs and at 34.3 hours in Dec does not appear poised to improve gdp .

[oyarde]

Tomorrow will be new inflation number from the magic hat , could it be 6.6 ? 6.45 ? no matter . I see no changes for positive

[oyarde]

New number is 6.5 . Keeps on Chooglin'

[Occam's Banana]

The Science^TM:

https://twitter.com/stocktalkweekly/...35030177050629

[oyarde]

Quite possibly in the next couple months inflation may not even go down. Fed probably moves a couple more 1/4 point moves and stops. That isnt ever going to reduce inflation under 4 perdent next yr and it could remain higher , say 5 percent easily. Keep in mind that percent has double digit third world food inflation removed. Reality check , your still living in a third world coutry. Services less shelter rent was up .4 percent and could even cause increases in inflation in near fuure.

[CaptUSA]

New number is 6.5 . Keeps on Chooglin'

6.5% above Dec 2021. Which was 7% above 2020. Only in clown world do people say that inflation is coming down.

[Krugminator2]

6.5% above Dec 2021. Which was 7% above 2020. Only in clown world do people say that inflation is coming down.

1. The rates you cited are backward looking and have nothing to do with what inflation is currently doing. The current rate is lower than Dec 2020 and Dec 2021

2. Inflation is dropping precipitously and is much lower than currently stated because of how they calculate housing. We are in deflation right now.

M2 growth is negative year over year which only happens a few times a century. The Fed's job should be done now.

[CaptUSA]

The Fed's job should be done now.

If we're going to talk about what "should" be, the Fed shouldn't have a job.

[acptulsa]

https://twitter.com/WallStreetSilv/s...23303579303936

[Occam's Banana]

The Science^TM:

"Inflation is always and everywhere a monetary millennial phenomenon." -- Milton Friedman

https://twitter.com/cnbc/status/1547812464263213056

[acptulsa]

The Science^TM:

"Inflation is always and everywhere a monetary millennial phenomenon." -- Milton Friedman

Uh huh. Because more people makes for a greater demand for currency, and when demand goes up, value goes--down?

Only if you print like Parker Brothers, $#@!s.

[Occam's Banana]

Uh huh. Because more people makes for a greater demand for currency, and when demand goes up, value goes--down?

Only if you print like Parker Brothers, $#@!s.

From what I can gather from the article's "everything but the kitchen sink"[1] approach to "explaining" inflation, it isn't so much that there are too many millennials, but that there are too many millennials with too much money and not enough stuff for them to consume.



[1] Apparently, "[t]he causes behind the steep jumps [in inflation] include high [...] prices [...]" - so I guess maybe they included the kitchen sink, after all.

[oyarde]

Looking forward In the new banana republik america ( sorry no bananas just a $#@!ty currency )you'll still have 4 or 5 percent inflation ( when it isnt 6.6) , double digit inflation on groceries and the fed probably will raise a 1/4 point a couple more times. There wont be any positive gdp , wages will lag behind inflation for months and yrs ( like the past 21 months ). You just have to find a way to be happy in it . The good times are gone , inflation may never be under 3 percent , unemployment may rise but these are the new good times because it can get quite worse than this .

[oyarde]

Chicom populations decline for first time since last great Mao famines (1961), last yrs gdp there was around 3 percent or about half the target.

[Swordsmyth]

Japan Sees Corporate Bankruptcies Rising

https://www.thefinancialtrends.com/2...ptcies-rising/

[oyarde]

new poitburo inflation number should be ready for St Valentines Day

[Swordsmyth]

Consumer Goods Prices Continue To Rise

https://www.thefinancialtrends.com/2...tinue-to-rise/

[oyarde]

Consumer Goods Prices Continue To Rise

https://www.thefinancialtrends.com/2...tinue-to-rise/

Ya still double digit food inflation in US and UK. No expectations for improvement this yr.

[jon4liberty]

They had to readjust how they figure the CP Lie again lol. Still came in over

[oyarde]

Ya , current inflation not going anywhere fast any time soon as I've said. Food still out of control. Still running about 6 1/2 without food and energy. Food double digits . Everybody should be used to the third world by now. Gonna be several years in now soon

[oyarde]

On a brighter note Ford halts production and shipment of electric toy F 150s. Indiana lawmakers advance bill to launch a two yr study for elimination of state tax , passing unanimously out of committee . New state budgets are written for 2025

[Swordsmyth]

Economic Expert Says Inflation May Prove Stickier Than Predicted

https://www.thefinancialtrends.com/2...han-predicted/

[Occam's Banana]

https://www.wsj.com/livecoverage/cpi...0miaAPhUFb2jgy

[oyarde]

Ya , no thanks WSJ . I'm not skipping breakfast just because a lb of bacon doubles every obama - biden presidency. You peasants can if you must. Olberman isnt going to starve me out .

[oyarde]

Nestle predicts increases this yr in food staples, they increased prices last yr 8.2 percent but was not enough to offset the price increases they had.

[Swordsmyth]

Nestle, the biggest food corporation in the world has said it expects the prices for staple items will continue to rise throughout 2023, following a year of increasing prices which have made the purchase of groceries a continuing struggle for the average consumer.

More at: https://www.thefinancialtrends.com/2...-dour-warning/

[oyarde]

At this point I am not seeing anything to make me think producer costs will not rise Jan through Apr this yr

[oyarde]

Household debt skyrockets to most since 2008 crash , 17 trillion nearly 143k per household. Household debt rose 320 billion in last three months of last yr with 61 billion being credit card debt. Mortgage debt rose 290 billion last yr. 986 billion on credit cards is an all time high . Avg interest on those credit cards is 19.14 percent , ouch . Breaks the 1991 record avg of 19 percent .

[oyarde]

Productivity 2005 through current avg 1.4 percent compared to post WWII avg of 2.2 percent. 2000 - 2022 is 1.9 percent avg while the debt increased 450 percent .