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

[acptulsa]

Bubblicious

When 1932 popped...

...it was not pretty.

[oyarde]

Housing starts down 14.7 percent month to month in nation w/ housing shortage.Biden and dems bring you mo dirty immigrants . Biden said IRS funding wouldnt increase tax audits on regular Americans as poorest Americans audits increase by five times, US mo oil sanctions on Venezuela , canada raising capital gains tax .100 percent of toyota tacomas are built in mexico. more good news later , lol

[Madison320]

When 1932 popped...

...it was not pretty.

And I've been making the argument for years that the size of the crash is proportional to the size of the stimulus.

Since 2008 we've borrowed 25 trillion, printed 7 trillion and kept rates way below historical norms.

So the size of the stimulus dwarfs anything in history. It's amazing we've managed to keep the bubble going this long.

[acptulsa]

And I've been making the argument for years that the size of the crash is proportional to the size of the stimulus.

Since 2008 we've borrowed 25 trillion, printed 7 trillion and kept rates way below historical norms.

So the size of the stimulus dwarfs anything in history. It's amazing we've managed to keep the bubble going this long.

Ever look to the west and see a wall cloud approaching?



All this and we know they plan to use the resulting chaos to impose all kinds of tyranny.

The rednecks have a name for this feeling. They call it pucker factor.

[acptulsa]

[ClaytonB]

[acptulsa]

[oyarde]

First qtr gdp coming in at 1.6 ( to be revised down later) , or about 1/3 point below the dismal avg since yr 2000 or half of inflation rate used by truth ministry

[Madison320]

Ever look to the west and see a wall cloud approaching?



All this and we know they plan to use the resulting chaos to impose all kinds of tyranny.

The rednecks have a name for this feeling. They call it pucker factor.

I'm slightly more optimistic. There's a saying that change only happens when the pain of standing still is more than the pain of the change. When this debt bubble finally bursts there's going to be a lot of pain so there's a chance we might finally do the right thing and drastically cut government spending. On the other hand we could go full totalitarianism.

Either way big changes are coming. I'm just amazed we've kept the bubble going this long. I think the main reason is the dollar is so well established that it's hard to kill it even though we eventually will.

[acptulsa]

When this debt bubble finally bursts there's going to be a lot of pain so there's a chance we might finally do the right thing and drastically cut government spending. On the other hand we could go full totalitarianism.

I've been clinging to optimism that this will go well since before I joined this forum over a decade and a half ago. Because yes, this day has been coming longer than that, as you know.

But whether you're optimistic or not, when the stakes are this high, there is pucker factor.

[ClaytonB]

[oyarde]

new inflation report out tomorrow from propaganda ministry as we settle into yr 3 of third world inflation , US producer prices increase in Apr

[acptulsa]

[Occam's Banana]

https://x.com/LibertyLockPod/status/1791026532158247228

[Occam's Banana]

//

[Occam's Banana]

https://twitter.com/RAZ0RFIST/status...22850022674432

https://x.com/BobMurphyEcon/status/1791211493733601574

//

[acptulsa]

[Occam's Banana]

THREAD: Federal Reserve study proves Biden is lying about inflation

[ClaytonB]

[oyarde]

inflation about as low as it is going to get now due to oil being low without a complete collapse , will fed announce first 1/4 point cut ? Govt ministry will say 3 1/3 percent , isnt going to 2. today is fed day, unemployment already over 4 percent.

[oyarde]

Median list price of avg home increasesd in 70 pecent of US counties May 2023 to May 2024 w/ a median increase of 22K. Median price was 444k in May 2024 , 75k over avg median income ability to buy according to redfin data , I say way more over considering median income under 40k. On brite side , all numbers given are reported as improvements ( over previous yr I guess). 22K is an improvement yearly at around 5 percent , past 24 years avg is 6.67 percent on new median. So inflation went from 7 to 5. I know all of youve been getting 8 to 11 percent raises ea yr past 2 1/2 decades to stay almost even w/ inflation ( meaning in five yrs went from 60k to over 100K and same for anoter 20 yrs). Zillow suggesting 128k down payments to make typical more affordable, I say no way, still financing 316k at 7 percent on yer 40K salary ? Ridiculous

[oyarde]

National debt clock on pace to exceed 56 trillion in next decade

[oyarde]

Federal budget deficit forecast blows up , up 400 more billion

[Bern]

... and it will probably still be under the actual.

[Madison320]

The markets sure have been quiet for awhile now.

[oyarde]

The markets sure have been quiet for awhile now.

Silver looks to be steadying up at 29 and gold at 2320

[oyarde]

Unemployment 4.1 percent and rising , is fed waiting for 4 1/4 percent unemployment before 1st cut of 1/4 point ?Ive been convinced feds got no idea wat it is doing . No real improvement yet

[oyarde]

Workforce participation still only 62.6 percent, debt gonna keep on cooglin

[oyarde]

Silver got to 31.52 earlier before dropping to 31 1/4 , gold 2392.10 . Gold getting ready for first couple 1/4 point Fed cuts , takes off after

[ClaytonB]