Inflation MEGATHREAD

[mr2mike]

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Herbalife is a legit business doood.

Got a great investment for you. Do you have an hour and I can change your life.
Shakeology!

[ThePenIsMightier]

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Got a great investment for you. Do you have an hour and I can change your life.
Shakeology!

Invigaron!

[Misterman]

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The interesting debate is if this is rebound demand or pure monetary phenomenon.

Obviously the monetary supply is going to factor in to things quite a bit. But there has been lots of supply chain shortages and disruptions that are also playing into price increases. This whole semi conductor chip shortage is crazy, who would've ever thought a used vehicle would become an appreciating asset.

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This must solely due to lack of supply rather than demand. I know I have driven less than half of what I normally drive over the last year. I would think there is a fair majority in the same boat.

Never waste a good crisis.

It's due to the cost of resources that go in to making a tire, going up in price. The manufacturers are never going to just eat extra overhead costs, they pass that shit on to the customer.

- - - Updated - - -

Well my house is officially sold. Downsized about $200k. So I feel like I'm better prepared

[tonytiger55]

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Shit, I didn't understand traditional monetary theory, and now there's a modern version? Is this like the discovery math my kids learn? I don't understand that either. Than gawd I don't need math for teh powrepointz.

I tend to look at it like playing Sim City back in the 90's and 2000's. If you need more money, just enter a cheat code. It works for a while but if you keep using it it messes everything up.
Governments across the globe keep entering the cheat code.

[mr2mike]

That's a good way of thinking of it.
FUNDS

[davidI]

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I tend to look at it like playing Sim City back in the 90's and 2000's. If you need more money, just enter a cheat code. It works for a while but if you keep using it it messes everything up.
Governments across the globe keep entering the cheat code.

I haven't read "The Deficit Myth" by Stephanie Kelton yet but it's on my list. I had discredited MMT entirely until yesterday when I heard Steve Keen saying he built a Minsky-inspired model that actually supports the concept on the MacroVoices podcast.

Steve Keen seems to me like a straight-shooting, down to earth, and brilliant economist so I'm going to try expanding my Austrian views and see if MMT and Austrian Theories can actually work-together to provide a justification better than that of a giant political re-election Ponzi scheme.

[Buster]

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I haven't read "The Deficit Myth" by Stephanie Kelton yet but it's on my list. I had discredited MMT entirely until yesterday when I heard Steve Keen saying he built a Minsky-inspired model that actually supports the concept on the MacroVoices podcast.

Steve Keen seems to me like a straight-shooting, down to earth, and brilliant economist so I'm going to try expanding my Austrian views and see if MMT and Austrian Theories can actually work-together to provide a justification better than that of a giant political re-election Ponzi scheme.

You will likely find a giant wealth transfer scheme.

[sabad66]

Stats Canada says inflation in Canada hit 3.6%
https://www.cbc.ca/news/business/inf...nada-1.6067484

[killramos]

Nothing to see here. Modern Monetary theory. Gender equality. Climate change. Equity.

Add whatever word salad you want to that.

[suntan]

Genger change equity.

[tirebob]

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This must solely due to lack of supply rather than demand. I know I have driven less than half of what I normally drive over the last year. I would think there is a fair majority in the same boat.

Never waste a good crisis.

To some degree sure, but you have to remember tires are constructed out of some the highest in demand raw material commodities (oil, natural rubber and steel) so any increase in those items will cause an increase in production costs.

[JohnnyHockey13]

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HDTVs still dropping though. TCL 65 incher $599 is a steal.

Funny you mention this, I literally just bought this TV from Walmart after reading reviews on TCL, great buy! It's 4K too!

[Xtrema]

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Funny you mention this, I literally just bought this TV from Walmart after reading reviews on TCL, great buy! It's 4K too!

Can you still buy a non-4k panel?

[killramos]

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Can you still buy a non-4k panel?

Sure. PC users do it all the time

[Disoblige]

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I tend to look at it like playing Sim City back in the 90's and 2000's. If you need more money, just enter a cheat code. It works for a while but if you keep using it it messes everything up.
Governments across the globe keep entering the cheat code.

robin hood
robin hood
robin hood
rock on
rock on
rock on
lumberjack
lumberjack
lumberjack
cheese steak jimmy's
cheese steak jimmy's
cheese steak jimmy's

aegis
aegis
aegis

[ZenOps]

Evil London Drugs doubled the price of my usual gummy vitamins.

Price of security cameras definitely on the uptick now.

[ZenOps]

https://www.wsj.com/articles/superma...se-11625572980

Food might finally be here. When the chains stockpile 15% on their shelves they are expecting.

[ZenOps]

And gold is dropping off a cliff. Pretty obvious that in hard times, the masses dump their gold and go for the ice cream and PS5's which they can actually enjoy in this new era.

[ZenOps]

Twitter CEO warns of hyperinflation. Thing with inflation is that if the masses believe things are going to inflate, they will inflate. And twitter seems to have the pulse of the unwashed masses.

https://finance.yahoo.com/news/twitt...090828501.html

[suntan]

PC granola bars are now 26 grams instead of 28.