This is entirely wrong. If what you are saying is true then yields would go up because people don’t want to buy now and bonds are sold at auction.
If you don’t want to buy now that means yields should go UP, not DOWN.
If you don’t want to buy now that means yields should go UP, not DOWN.
I started the chicken wing thread, there was never any shortage of anything else, in fact breasts fell to $1.38lb. Wings are now back in stock although prices remain high, as a relation of the total biomass of a chicken it's wings are tiny.
Zorba
Lifer
- Oct 22, 1999
- 15,613
- 11,255
- 136
BWW has been whining about wing prices for years. Once they hit in popularity they got scarce. Takes 5 chickens to produce one meal of wings, while 1 Chicken can do two meals of breasts.
nickqt
Diamond Member
- Jan 15, 2015
- 8,175
- 9,157
- 136
Next thing you're going to tell me is that hyperinflation isn't right around the corner and it wasn't BLM that attacked the Capitol on January 6th.
Jaskalas
Lifer
- Jun 23, 2004
- 35,716
- 10,021
- 136
Republicans tried to lead on economic theory in 2008-9. It was all doom and gloom. But none of that, and I mean NONE of it was ever real. None of it ever materialized. Now I understand the scope and scale is much bigger this time, but some principles remain the same. First and foremost, they don't know a damn thing about economics.
Inflation moved from 3 to 4%. Headlines "MASSIVE SURGE". My reaction? "Not this !@#$ again".
Inflation moved from 3 to 4%. Headlines "MASSIVE SURGE". My reaction? "Not this !@#$ again".
I guess you will just have to resort to shitting in your tighty whiteys and eat them for breakfast.
K1052
Elite Member
- Aug 21, 2003
- 52,600
- 46,246
- 136
Doesn’t he claim to work in finance or something? If so, how can he get away with this level of ignorance and incompetence?
cytg111
Lifer
- Mar 17, 2008
- 26,136
- 15,569
- 136
Pohemi
Lifer
- Oct 2, 2004
- 10,876
- 16,959
- 146
Can you imagine having a fucking clown like him as your CPA? Jeebus, that's a theoretical nightmare...
Fanatical Meat
Lifer
- Feb 4, 2009
- 35,862
- 17,403
- 136
Not to mention why would a stock broker be unhappy with a President taking care of stock holders first?
I would be terrified by the idea of him in charge of anything I consider important.
Yup. This is allllll normal. It's just cars! duh!
milk, eggs, gas, cheese, bacon - who uses such luxuries anyhow?!
JEDIYoda
Lifer
- Jul 13, 2005
- 33,986
- 3,321
- 126
don`t forget what they guy who invented the internet said.....Al Gore is the name I think.....he said - You can claim to be anything you want to be on the internet!
ultimatebob
Lifer
- Jul 1, 2001
- 25,134
- 2,450
- 126
I wonder if these Child Tax Credit rebates that just got announced are going to make this even worse. Just in case prices weren't going up fast enough, let's throw another $200 a month in stimmies on the fire 
Use that big genius brain of yours and look at the categories with the big increases and ask yourself if there’s anything different between June 2020 and June 2021.
Let us know what you find.
If you cut out the car effects which are clearly caused by the global chip shortage inflation is basically right where we want it.I wonder if these Child Tax Credit rebates that just got announced are going to make this even worse. Just in case prices weren't going up fast enough, let's throw another $200 a month in stimmies on the fire
We had inflation below target for the last decade, the country would be better off with inflation modestly above target for a couple years.
ultimatebob
Lifer
- Jul 1, 2001
- 25,134
- 2,450
- 126
This inflation is showing up everywhere, though. For example, it suddenly costs $20 more to get my cat groomed, and my haircut is now up to $19.
I don't believe for a second that those price increases are temporary and are going to go down.
Hell... I can sell my 2018 Mustang GT used right now for $37,000, which is almost what I paid for it NEW. Prices are soooo screwed up right now!
It really isn’t showing up everywhere though, see stats quoted earlier in this thread.
Pandemic affected industries, cars, and durable goods are going up. Everything else not so much.
Car prices are really screwed up right now, but that’s due to new car production being in the toilet due to the global chip shortage. No new cars = no used cars = higher used car prices.
I’m going to sell my car this week. I don’t really need one in the city and similarly its value has gone way up. Used car prices look to be subject to deflation the rest of the year so i better strike while the iron is hot.
Also remember, inflation isn’t a bad thing. 3-4% annual inflation for a few years would be a good thing for the average person.
woolfe9998
Lifer
- Apr 8, 2013
- 16,242
- 14,243
- 136
Paying 3-4% more for everyday goods is a good thing!
Okay Bernie
I think you're once again commenting on something you do not understand.
bbhaag
Diamond Member
- Jul 2, 2011
- 7,328
- 2,894
- 146
It's just off the charts right now but hopefully things come back into perspective. Take a look at this PDF one of my wholesale vendors sent me a couple of days ago. They import most of if not all of their goods from China and just LOOK at the fucking increase in price for the freight on a cargo container. It's just insane and not sustainable IMO.
Vic
Elite Member
- Jun 12, 2001
- 50,422
- 14,337
- 136
Given that wage growth is outpacing inflation, I don't see what the issue is unless you're just looking for something to complain about.
Personally, I'm stoked that my income and assets are all up strongly this year. And that tens of millions of other Americans are experiencing the same. This is a big growth opportunity for many. And if the cost for that is slightly higher prices, that does not seem to be in any way unusual or unexpected.
Or would the OP prefer the wage stagnation that he used to complain about? Was he just completely clueless as to what would happen if wage stagnation ended?
Personally, I'm stoked that my income and assets are all up strongly this year. And that tens of millions of other Americans are experiencing the same. This is a big growth opportunity for many. And if the cost for that is slightly higher prices, that does not seem to be in any way unusual or unexpected.
Or would the OP prefer the wage stagnation that he used to complain about? Was he just completely clueless as to what would happen if wage stagnation ended?
Yes exactly, because the average American is a net debtor and inflation reduces the real value of debt.Paying 3-4% more for everyday goods is a good thing!
Okay Bernie
If rising prices are bad then 2009 and early 2020 must have been great because we experienced declining prices.
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