Jump to content

Recommended Posts

56 minutes ago, bornontheblue said:

Inflation surged by the largest amount in more than 13 years caused by an overly stimulated economy, and supply chain issues which are making it impossible to meet consumer demands. If Biden's multi trillion dollar infrastructure plan gets through it will be throwing gasoline on the fire. If this continues the fed will be forced to raise interest rates and throw the economy into a slowdown or a recession. 

It will be like the 1970's stagflation all over again, gas lines and all. Expect disco to be popular with the kids again. 

https://www.wsj.com/articles/us-inflation-consumer-price-index-april-2021-11620781266?mod=hp_lead_pos1

 

in runescape when this happens they release a new money sink skill :hmmm:

make cocaine popular again?

  • Haha 1
Link to post
Share on other sites
9 minutes ago, Bob said:

Why go to work when you can make more sitting on your ass.

Kind of crazy that UI benefits pay more than some businesses will.  Folks are sitting at home thinking as the good sir Trump said, "That makes me smart"

  • Like 1
  • Confused 1
  • Cheers 1
Link to post
Share on other sites
13 minutes ago, Bob said:

Why go to work when you can make more sitting on your ass.

bob you are literally a landlord buying investment properties to rent as your retirement plan why would you be mad that other people see that as a good idea too

  • Like 2
Link to post
Share on other sites
1 hour ago, bornontheblue said:

Inflation surged by the largest amount in more than 13 years caused by an overly stimulated economy, and supply chain issues which are making it impossible to meet consumer demands. If Biden's multi trillion dollar infrastructure plan gets through it will be throwing gasoline on the fire. If this continues the fed will be forced to raise interest rates and throw the economy into a slowdown or a recession. 

It will be like the 1970's stagflation all over again, gas lines and all. Expect disco to be popular with the kids again. 

https://www.wsj.com/articles/us-inflation-consumer-price-index-april-2021-11620781266?mod=hp_lead_pos1

 

It’s going to be interesting to watch.  I do think the view that part of this is transitory (buzzword of subject), and will subside to some degree 9-12 months down the road. But, I always listen the Jeremy Siegel. He’s not always right, but often gets the macro right.  He’s looking at 6 to 7% inflation for 3-4 years:

https://www.ai-cio.com/news/is-higher-inflation-coming-yeah-a-whopping-20-says-jeremy-siegel/

Link to post
Share on other sites
18 minutes ago, Bob said:

Why go to work when you can make more sitting on your ass.

Damn right!

Link to post
Share on other sites
44 minutes ago, bornontheblue said:

You are a complete fool, and you continue to repeatedly display that in this public forum. Have you read about the 70's when unemployment was above 10% and inflation was above 10% , and interest rates were above 20%. Read a book man! 

The problem is not slack in the supply chain you fool! That is the exact backwards way of looking at the problem. If there was too much slack in the supply chain that would be putting downward pressure on prices. 

 

Dude, every steel mill across the world has been running at like 60% capacity for the last year.  Steel goes into every building, car, washing machine, etc., that anyone buys.  

What you are advocating is to keep "inflation" down by cutting people's income to 60% capacity as well so prices of steel doesn't rise.  That is just stupidity.

If you have 100% of the income chasing only 60% of prior capacity of course prices will rise.  I KNOW this isn't a long term problem until we see a consistent and long lasting increases in wages year after year and factories running at full capacity...that is inflationary.  Wages are used in every production process so if they aren't rising then inflation can't be rising.  

If an important factor of production is consistently rising (like oil in the 70s) that is more likely stagflation where you have prices going up but also workers getting laid off.  That is more like what we have today.  

These high prices are exactly what the doctor ordered to get those idle factories running again and offering their workers a living wage.  As we see them come online we will see prices decreasing as they ramp up production.

Link to post
Share on other sites

Chik-Fil-A says they are experiencing a 'sauce shortage'.  Supply chain issues.  Seems like a theme.

Link to post
Share on other sites
6 minutes ago, RSF said:

Chik-Fil-A says they are experiencing a 'sauce shortage'.  Supply chain issues.  Seems like a theme.

Same in Florida, but they sell them at grocery stores.  
 

I’ve also heard of a ketchup package shortage.  
 

 

Link to post
Share on other sites
1 hour ago, misplacedcowboy said:

What is playing the bigger part in current inflation... increase in money supply? Or supply curve shifting to the left because of supply chain issues?

I guess I can understand why lumber has become a luxury good, but dammit why is milk more expensive? Cows can't get the 'rona!!

Stagflation will be the new buzz word used soon by honest media (ok, I know there isn’t a lot of them out there).

Link to post
Share on other sites
28 minutes ago, RSF said:

Chik-Fil-A says they are experiencing a 'sauce shortage'.  Supply chain issues.  Seems like a theme.

There's also a chicken wing shortage. 

Link to post
Share on other sites
2 minutes ago, Nevada Convert said:

Stagflation will be the new buzz word used soon by honest media.

The only thing that is doing any inflating is CEO pay, tax cuts, the stock market casino, and any hard assets where they can stash this embarrassment of riches.  

  • Idiot 1
Link to post
Share on other sites
1 minute ago, retrofade said:

There's also a chicken wing shortage. 

Guess the chickens is comin' home to roost....

Link to post
Share on other sites
1 minute ago, retrofade said:

There's also a chicken wing shortage. 

There’s a huge backbone sale going on and no one in Congress wants to buy any. 

  • Like 1
Link to post
Share on other sites
1 hour ago, happycamper said:

bob you are literally a landlord buying investment properties to rent as your retirement plan why would you be mad that other people see that as a good idea too

wut? Running a legitimate business vs. being able-bodied and not working because you can make as much as working by staying willfully unemployed.

  • Haha 1
Link to post
Share on other sites
3 minutes ago, Bob said:

wut? Running a legitimate business vs. being able-bodied and not working because you can make as much as working by staying willfully unemployed.

bob what do you think rent seeking is? Once you're collecting rent you're not producing goods any more. It doesn't matter if you worked to produce goods in the past, you become a net negative on total economic production once you do that. 

Furthermore it's not any different than investing enough in a 401(k) to retire early! once you have that magic capital, you're "sitting on your ass instead of working". That's the goal of everyone but god forbid people don't do it the "right" way :lol:

  • Like 1
  • Idiot 1
Link to post
Share on other sites
5 minutes ago, happycamper said:

bob what do you think rent seeking is? Once you're collecting rent you're not producing goods any more. It doesn't matter if you worked to produce goods in the past, you become a net negative on total economic production once you do that. 

Furthermore it's not any different than investing enough in a 401(k) to retire early! once you have that magic capital, you're "sitting on your ass instead of working". That's the goal of everyone but god forbid people don't do it the "right" way :lol:

Why do you think he's been so pissed off over the eviction moratorium. 

Link to post
Share on other sites
17 minutes ago, happycamper said:

bob what do you think rent seeking is? Once you're collecting rent you're not producing goods any more. It doesn't matter if you worked to produce goods in the past, you become a net negative on total economic production once you do that. 

Furthermore it's not any different than investing enough in a 401(k) to retire early! once you have that magic capital, you're "sitting on your ass instead of working". That's the goal of everyone but god forbid people don't do it the "right" way :lol:

No goods may be further produced, but value is being exchanged. What Bob is doing is very good for the economy. Keep it up. Bob how many rental properties do you own? how much time do you spend managing them? You may be able to qualify as a real estate professional and avoid the passive income limitations. Find a good CPA. 

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.




×
×
  • Create New...