Page 1 of 3 123 LastLast
Results 1 to 30 of 76

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

  1. #1

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

    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
    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst



  2. Remove this section of ads by registering.
  3. #2
    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
    "The one permanent emotion of the inferior man is fear - fear of the unknown, the complex, the inexplicable. What he wants above everything else is safety."
    H. L. Mencken

    Quote Originally Posted by Swordsmyth View Post
    Survival trumps liberty every time
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  4. #3
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc
    "You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
    "When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q

    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  5. #4
    I hope all those big screen stimulus tvs were worth the lifelong interest
    A savage barbaric tribal society where thugs parade the streets and illegally assault and murder innocent civilians, yeah that is the alternative to having police. Oh wait, that is the police

    We cannot defend freedom abroad by deserting it at home.
    - Edward R. Murrow

    ...I think we have moral obligations to disobey unjust laws, because non-cooperation with evil is as much as a moral obligation as cooperation with good. - MLK Jr.

    How to trigger a liberal: "I didn't get vaccinated."

  6. #5
    Quote Originally Posted by Warrior_of_Freedom View Post
    I hope all those big screen stimulus tvs were worth the lifelong interest
    They were
    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 / Rand Paul (Vice Pres) 2016!!!!

  7. #6
    Quote Originally Posted by TheTexan View Post
    They were
    how big is yours?
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  8. #7
    Quote Originally Posted by Danke View Post
    how big is yours?
    32" is the perfect size. Not too big, not too small.
    A savage barbaric tribal society where thugs parade the streets and illegally assault and murder innocent civilians, yeah that is the alternative to having police. Oh wait, that is the police

    We cannot defend freedom abroad by deserting it at home.
    - Edward R. Murrow

    ...I think we have moral obligations to disobey unjust laws, because non-cooperation with evil is as much as a moral obligation as cooperation with good. - MLK Jr.

    How to trigger a liberal: "I didn't get vaccinated."

  9. #8
    Quote Originally Posted by Danke View Post
    how big is yours?
    I have four 120"s stacked as 2x2, wired to work as a single TV.

    Thx covid stimmies
    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 / Rand Paul (Vice Pres) 2016!!!!



  10. Remove this section of ads by registering.
  11. #9
    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.
    Do something Danke

  12. #10
    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 .
    Do something Danke

  13. #11
    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.
    Last edited by oyarde; 06-13-2021 at 09:13 PM.
    Do something Danke

  14. #12
    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.
    Do something Danke

  15. #13
    Quote Originally Posted by TheTexan View Post
    I have four 120"s stacked as 2x2, wired to work as a single TV.

    Thx covid stimmies
    mine is 120”

    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.
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  16. #14
    Quote Originally Posted by Danke View Post
    mine is 120”

    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 ?
    Do something Danke

  17. #15
    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.

  18. #16
    oil is out there leading the way today.
    Do something Danke



  19. Remove this section of ads by registering.
  20. #17
    Fed continues with blatant dishonesty saying expects 3 1/2 percent inflation.
    Do something Danke

  21. #18
    Quote Originally Posted by dannno View Post

    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.

  22. #19

  23. #20
    Quote Originally Posted by Krugminator2 View Post
    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.


    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.

  24. #21
    Quote Originally Posted by Matt4Liberty View Post
    That "cure" only works in a free market. Unlimited Federal Reserve notes to select insiders does not a free market make.


    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.

    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.
    Last edited by Krugminator2; 06-19-2021 at 09:31 PM.

  25. #22
    Quote Originally Posted by Matt4Liberty View Post
    That "cure" only works in a free market. Unlimited Federal Reserve notes to select insiders does not a free market make.
    ^ This

    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.
    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).

    The Agenda is the same as it was since Marx wrote Das Kapital. Nothing has changed.
    Jesus Is Lord

  26. #23
    Quote Originally Posted by Krugminator2 View Post
    You should read Economics in One Lesson. Good foundation and gets rid of fuzzy thinking.

    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.
    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.


    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.

  27. #24
    Quote Originally Posted by Matt4Liberty View Post
    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.


    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.

    Makes sense.



  28. Remove this section of ads by registering.
  29. #25
    Quote Originally Posted by Krugminator2 View Post
    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.

    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."

    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.

  30. #26
    Quote Originally Posted by Krugminator2 View Post
    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.

    Makes sense.
    Jesus Is Lord

  31. #27
    Quote Originally Posted by Matt4Liberty View Post
    You keep pushing your MMT and then claim to be for free markets.
    I have a lot of posts over 8 years. Feel free to find one quote pushing MMT. Just one. Go ahead.

    FRNs are not money. They are debt coupons created out of thin air.
    Money - a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively

    Dollars are money.

    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

    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 View Post
    People always ask me if I want mortgage rates at 12% and I always say yes. Prices wouldn't be artificially high and you would have real savings rates.


  32. #28
    Quote Originally Posted by Krugminator2 View Post
    ...
    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.
    And how does that apply to the Federal Reserve purchasing government bonds at above market prices?
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul

    Proponent of real science.
    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  33. #29
    Quote Originally Posted by ClaytonB View Post
    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.
    Do something Danke

  34. #30
    Quote Originally Posted by Brian4Liberty View Post
    And how does that apply to the Federal Reserve purchasing government bonds at above market prices?
    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.
    Last edited by oyarde; 06-21-2021 at 11:44 AM.
    Do something Danke

Page 1 of 3 123 LastLast


Similar Threads

  1. FORD GT. Fastest American sports car.
    By JK/SEA in forum Open Discussion
    Replies: 5
    Last Post: 05-12-2017, 01:57 PM
  2. Rushwallet - Fastest and safest wallet.
    By AndrewB in forum Bitcoin / Cryptocurrencies
    Replies: 1
    Last Post: 08-12-2014, 08:05 AM
  3. Japan Fastest Growth in 2 Years: Why?
    By ItsTime in forum Economy & Markets
    Replies: 14
    Last Post: 11-16-2009, 02:19 PM
  4. LoL existignhome sales fastest in 2 years
    By NewEnd in forum Economy & Markets
    Replies: 4
    Last Post: 08-21-2009, 10:01 AM
  5. Fastest Gunman Ever
    By ryanduff in forum Second Amendment
    Replies: 24
    Last Post: 02-11-2009, 05:36 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •