Inflation MEGATHREAD

[killramos]

The steak market is obviously very hot

[mr2mike]

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RIP inflation megathread

[suntan]

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The steak market is obviously very hot

I put a used steak on Kijiji, I sold it for 20% than what I bought it for.

[ZenOps]

Does anyone in the city still sell bicycle pumps, lol.

[ZenOps]

Is a single sheet of plywood really worth 1,000 pounds of crude oil? No wonder Venezuela is where it is.

Stagflation?

[nzwasp]

US Inflation jumps to 5%

https://www.wsj.com/articles/us-infl...21-11623288303

[Buster]

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US Inflation jumps to 5%

https://www.wsj.com/articles/us-infl...21-11623288303

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

[ZenOps]

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

[tirebob]

Fucking tires have already had two substantial manufacturer increases from across the multitude of manufacturers. Wheels too are getting gross. Good times (not)...

[davidI]

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

My feeling is that it's more supply at the moment but I expect it will turn into demand (based on monetary/fiscal) for the next couple of years. In 3 years, I expect things to be deflationary again, unless the Fed decides that the Magic Money Tree can justify a $10+ Trillion balance sheet.

[Twin_Cam_Turbo]

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Fucking tires have already had two substantial manufacturer increases from across the multitude of manufacturers. Wheels too are getting gross. Good times (not)...

This is concerning since tires are one of my largest consumables personally.

[Buster]

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My feeling is that it's more supply at the moment but I expect it will turn into demand (based on monetary/fiscal) for the next couple of years. In 3 years, I expect things to be deflationary again, unless the Fed decides that the Magic Money Tree can justify a $10+ Trillion balance sheet.

I tend to agree. Economy rebounds, supply/demand gets all fuckered up we get inflation, and the geniuses at the CBs just want to party. Ugh.

[benyl]

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Fucking tires have already had two substantial manufacturer increases from across the multitude of manufacturers. Wheels too are getting gross. Good times (not)...

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.

[suntan]

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My feeling is that it's more supply at the moment but I expect it will turn into demand (based on monetary/fiscal) for the next couple of years. In 3 years, I expect things to be deflationary again, unless the Fed decides that the Magic Money Tree can justify a $10+ Trillion balance sheet.

Excuse me, the correct term is Modern Monetary Theory.

[ExtraSlow]

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.

[Buster]

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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.

It's more like changing math to try to get 2+2 to not equal 4.

[killramos]

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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.

Basically it’s when the government runs itself like Herbalife

[Buster]

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Basically it’s when the government runs itself like Herbalife

Herbalife is a legit business doood.

[killramos]

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Herbalife is a legit business doood.

Freeland legit knows what she’s doing too brahhh

[ThePenIsMightier]

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Herbalife is a legit business doood.

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