Just my opinion.... "Bad debt" will continue to be inflationary until the default. How long before the defaults start ? To me, it appears the defaults will begin to get noticed around the middle of 2022... Similar to the Savings and Loans collapsing many years ago. Many things (propaganda) will obscure the defaults.. ie words like transitory. Federal Reserve will invent new ways to kick the can down the road. Unfortunately the rules for the Fed won't apply to the middle class Americans. The lowest class people in America have little to lose and will live off of the government hand outs. The upper class has already prepared for a long downturn, similar to companies buying back their own stock. The biggest challenge to the remaining middle class will be debt.
Understood. I bring a black Sharpie with me when in Costco. When an item goes in my basket there is a large price notation on the package. When things go into my "stores" at home, the price is looking outward. Just my simple way to note inflation, at a glance. It helps when making my next trip to the big box food stores.
www.cnbc.com
www.marketwatch.com
Historically, I would agree with you. However, America has never had an administration dolling out cash like this one is doing. At the point where a wheel barrow full of USD's will buy one loaf of bread it will kill the economy.... History repeating itself.
www.marketwatch.com
It reminds me of pre '08 and I don't believe we'll be able to face that again. Fed debt then was around nine trillion. We will hit the 30 trillion mark really soon.
Read an article today that said the Federal Reserve had no part in the increasing inflation... As I read on it said "There is very little the Federal Reserve can do to lower the inflation rate"......
The one sobering line was this = Even if lumber prices pull back somewhat, it doesn't mean we're headed back to pre-pandemic levels. There were announcements about new steel mills being built in Arkansas and other US locations... Basic commodities timber, iron ore, natural gas, fertilizer and refining capabilities are all in short supplies now. The declining value of the USD compounds the challenges. Any new manufacturing plants take years to get into production.. America does not have the skilled tradesmen to build multi-billion dollar projects.
www.axios.com
It means the only plan the Fed has is "Hope"....
Like domino's falling
www.zerohedge.com
Its retracting because we can't get the raw materials.It's been a while since college econ, but I thought that an increase in prices was supposed to result in an increased supply:
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Can't wait to watch the Fed botch the landing in such a fashion that it crashes the economy and stock market but fails to control inflation.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/T3PTKPDYUFNMBNPFF2EK667F7M.jpg)
www.reuters.com
I agree.... Interesting that the shortage of raw materials is world wide. Historically it has been regional shortages and that's the occasion's commodity traders make out like bandits.
Today's "Snake Oil" salesman: John C. Williams is the president and chief executive officer of the Federal Reserve Bank of New York.
Today he said.... he expects inflation to drop to around 2.5% this year and close to 2% in 2023.
Jun 30, 2021 — Yet he also predicts inflation will subside to 2% by 2022
___________________________________
Fed officials say rate hikes near as inflation soars By Reuters
Fed officials say rate hikes near as inflation soarswww.investing.com
I agree...... about 12 months of being beat over the head with the financial 2" X 4" will knock some sense into the crowd that thinks they can live forever on the doll..........
ca.finance.yahoo.com
www.foxnews.com
**Must stop printing money**To qualify a few things. Simply raising interest rates alone is not going to curb inflation. The US Government must stop spending money to create inflation. Dolling out USD's while increasing interest is a futile effort.
This article is a good example.
Left-wing group secured $158 million taxpayer-funded contract to help illegal immigrants avoid deportation
The Vera Institute of Justice, a progressive nonprofit, receives hefty taxpayer-backed federal contracts to help illegal immigrants sidestep deportation.
| Up to three-quarters of the $800 billion PPP flowed to business owners instead of workers, study finds |
To qualify a few things. Simply raising interest rates alone is not going to curb inflation. The US Government must stop spending money to create inflation. Dolling out USD's while increasing interest is a futile effort.
This article is a good example.
Left-wing group secured $158 million taxpayer-funded contract to help illegal immigrants avoid deportation
The Vera Institute of Justice, a progressive nonprofit, receives hefty taxpayer-backed federal contracts to help illegal immigrants sidestep deportation.
www.pehalnews.in
www.cnbc.com
I honestly have no idea where this is going.Homebuilder confidence drops for the first time in four months, as inflation hits materials
Homebuilders are facing rising costs for materials and labor, causing the first drop in builder confidence in four months.
All contribute. Rents up, grocery bills up. To me, I’m betting the gas prices will be the final nail. Utility prices are up too.
reporterwings.com
NEW YORK, Jan 18 (Reuters) - Oil prices on Tuesday climbed to their highest since 2014 as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/5L7A5E5CCBIGJBV4BXGODRBF3Q.jpg)
www.reuters.com
odd considering omicron isn't as bad. I call bs!Appearing the omicron virus is going to be the Fed's scapegoat for the next crash landing.
____________________________
The numbers: The Empire State survey of business conditions nosedived to -0.7 points in January from 31.9 in the prior month, the New York Federal Reserve said, reflecting fresh strains from the omicron virus and ongoing supply-chain bottlenecks.
It was the first decline in the index since June 2020. Economists had expected a reading of 25.5, according to a survey by The Wall Street Journal.
Any reading below zero indicates worsening conditions. The index has been quite strong through most of 2021, even during the delta wave of the coronavirus, before the recent tumble.
Nomor Keluaran HK ~ Pengeluaran HK Pools ~ Togel Hongkong Pools~ Data HK Prize ~ Result HK
Togel hongkong adalah sebuah situs resmi yang menyediakan data hk dan paito hk yang berisikan semua angka keluaran hk pools dan pengeluaran hk prize.
