Transitory (temporary) inflation? Ha. When was the last time you saw increased prices come back down?
Regardless of what the FED whispers in your ear, current inflation is not transitory, it is structural; higher prices are here to stay. The coming disinflation (once supply chain issues settle down) will only halt the rise, not reduce prices.
Look at that price, LOL. Then look at how there is almost not marbling on those steaks, were the cows being starved??? Looks like I’ll have to check out the local grocery stores instead... don’t worry guys it’s just “transitory”.
@ShadyDave said:
Look at that price, LOL. Then look at how there is almost not marbling on those steaks, were the cows being starved??? Looks like I’ll have to check out the local grocery stores instead... don’t worry guys it’s just “transitory”.
Outrageous....not even Prime.
If you're looking for Prime beef with lots of marbling, but it will cost you, try the below link for K.C. Steaks
Forgot to mention...that's the same price that it was 1 year ago. I know, I ordered 6 10ozers.
I bought ribeye and t-bone local grass fed and local butchered Saturday for $7.99 a lb (inflated no doubt) but..........still pays to "look" around. Costco is like Derby paying $30+ at apmex for ase's when he could be buying them @ $22.
The premium for prime grade seems to be dropping, I can get prime for only a few bucks more a pound than choice at the local grocery store. But the grading is variable, so as with coins, buy the steak not the holder.
I also cherry pick choice at Costco, which sometimes has better marbling than the prime. @ShadyDave I think those in the picture would not get a CAC sticker for choice grade!!
And now the government is considering minting a ONE TRILLION DOLLAR platinum coin. In an attempt to circle around the current debt limit ceiling limit coming up in a few days. Wonder what effect that will have on inflation if it takes place??
the value of fiat money has always been the value acknowledged by the receiving party. If the FED is willing to accept and carry it on it's books for $1 Trillion, then it is worth $1 Trillion.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"If the recent surge in inflation were driven by a shortage of goods rather than an increase in the money supply, then aggregate output would be shrinking."
It is not shrinking:
Classic case of more money chasing goods and services. Keep in mind that price inflation fuels further price inflation as competitors join the "raise the price" bandwagon.
Appears the MMT magic money tree is showing its ugly face.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Print? Aren’t they planning to pay for everything with tax increases!?
They do love tax increases, but not because they would ever put a cap on money printing. Social engineering costs lots of "money" so you can expect both higher taxes and loss of purchasing power from your money as well.
Q: Are You Printing Money? Bernanke: Not Literally
My bitcoins and Ethereum coins are surely inflating. Who would of thought fake imaginary coins would inflate, gold coins would stay flat and gutter coins would go down all while the price of everything else in the universe significantly increased? CRAZY WORLD! RGDS!!
Looks like the inflation is here to stay for awhile. The free government money probably is the main contributor.
But the supply and demand equation is another. With supply chain disruptions, empty shelves that are now common... that is also now driving prices upwards, and that does not appear to be going to change for some time even into next year. The question in my mind is... how wild is this inflation going to ramp up to?
Could be a challenging winter for heating ones home.
I've just finished reading through this long thread. Posts inform, instruct, persuade and entertain, so, good stuff. The most recent evoke one strong emotion; "Let's Go Brandon".
On the plus - first time they're offering a Roth401k alongside the regular 401 with same matching % scale. Interested in that one.
Will the employer or the roth holder have to pay the current year income tax on the matching contributions? Unlike a regular IRA, contributions are taxed as income in the year they are contributed. Of course the advantage is that all gains are earned tax free.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
We don't have the SPD on it yet so I can't speak on the tax details. Should know something in the Wed meeting. It is the same match as the regular 401k though into the stock fund, so...?
@DrBuster said:
We don't have the SPD on it yet so I can't speak on the tax details. Should know something in the Wed meeting. It is the same match as the regular 401k though into the stock fund, so...?
even if the roth holder gets taxed on employer contributions, they are only a drop in the bucket compared to the tax free earning potential of the account provided wise investments are made.
A more important question is "who controls the investments," the account holder or the employer's choice of portfolio manager. A roth is only as good as the person making the trading decisions. The end of the "buy and hold" days is fast approaching. A savvy account holder who controls his own trading decisions would be wise to bone up on all the ETF possibilities.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
But the supply and demand equation is another. With supply chain disruptions, empty shelves that are now common... that is also now driving prices upwards, and that does not appear to be going to change for some time even into next year. The question in my mind is... how wild is this inflation going to ramp up to?
Washington Post says "suck it up, buttercup." LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Still a limit on the number of meals between your shelves and anarchy. You simply enter the turmoil with a fuller stomach than those that go to the grocery store weekly.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Socrates is his computer program that has been fairly accurate in forecasting.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@MsMorrisine said:
Socrates is not a name I would associate with tarot card reading
Armstrong's toenail likely to have more economic knowledge and experience than anyone on an anonymous PM forum.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Still a limit on the number of meals between your shelves and anarchy. You simply enter the turmoil with a fuller stomach than those that go to the grocery store weekly.
Cept my livestock, land and wildlife pretty much regenerate themselves. I suspect the day anarchy finds it's way up here to gods country.......well me, you and everyone else in our existence will be long gone. Prepare accordingly. Perhaps one day the gutter will inflate along with everything else on the planet. RGDS!
Those who happen to heat with propane... best keep the tank topped off as much as possible. Hearing much more about price/availability squeeze coming up.
I don’t know, but shouldn’t someone we would describe as a leader define a few priorities and get food and fuel where it needs to be and let the frivolous sh!t from China sit on the boats?
@DNADave said:
I don’t know, but shouldn’t someone we would describe as a leader define a few priorities and get food and fuel where it needs to be and let the frivolous sh!t from China sit on the boats?
Perhaps the bigger problem is previous admins becoming so dependent on other countries labour and resources? Nobody was biatching when They were making Trillions $$$$ offshoring everything Merican*. If you are not prepared for where we are now it's your own fault. Don't blame the present for the inherited mess. !!
@tincup said:
Those who happen to heat with propane... best keep the tank topped off as much as possible. Hearing much more about price/availability squeeze coming up.
I pre-bought 800 gallons (@ $1.85) a few months ago, with the stipulation from the supplier that one had to sign up for their scheduled delivery program - so hopefully they'll be coming by on a regular basis.....
I do have about 8 cords of firewood on hand, fireplace won't keep the whole house warm though
@DNADave said:
I don’t know, but shouldn’t someone we would describe as a leader define a few priorities and get food and fuel where it needs to be and let the frivolous sh!t from China sit on the boats?
Perhaps the bigger problem is previous admins becoming so dependent on other countries labour and resources? Nobody was biatching when They were making Trillions $$$$ offshoring everything Merican*. If you are not prepared for where we are now it's your own fault. Don't blame the present for the inherited mess. !!
For the last 40 years the amount of money spent on goods has decreased by about 5% per year vs that spent on services......until the last year, when 20% more was spent on goods. We took our free handouts and bought lots of junk from China, thus clogging up the ports. We value trinkets and knick knacks above ourselves. Such fools.
@DNADave said:
I don’t know, but shouldn’t someone we would describe as a leader define a few priorities and get food and fuel where it needs to be and let the frivolous sh!t from China sit on the boats?
Perhaps the bigger problem is previous admins becoming so dependent on other countries labour and resources? Nobody was biatching when They were making Trillions $$$$ offshoring everything Merican*. If you are not prepared for where we are now it's your own fault. Don't blame the present for the inherited mess. !!
For the last 40 years the amount of money spent on goods has decreased by about 5% per year vs that spent on services......until the last year, when 20% more was spent on goods. We took our free handouts and bought lots of junk from China, thus clogging up the ports. We value trinkets and knick knacks above ourselves. Such fools.
Who would of thought....gutter coins would go down all while the price of everything else in the universe significantly increased? CRAZY WORLD! RGDS!!
The irony is that even insurance has gone up. Lol
P&C industry is just beginning to ramp up the price hikes after pocketing all the profits from minimal travel during the pandemic. Travelers just announced in their earnings call this week that they're submitting personal auto rate hikes in 40+ states.
Comments
201!
Temporary inflation for next 20 years
100% Positive BST transactions
Thanks!
The whole worlds off its rocker, buy Gold™.
I bought a stock last week at 78 and today is 85. Almost a 10% increase in just a week. Argh!!!!
Knowledge is the enemy of fear
Look at that price, LOL. Then look at how there is almost not marbling on those steaks, were the cows being starved??? Looks like I’ll have to check out the local grocery stores instead... don’t worry guys it’s just “transitory”.
Outrageous....not even Prime.
If you're looking for Prime beef with lots of marbling, but it will cost you, try the below link for K.C. Steaks
Forgot to mention...that's the same price that it was 1 year ago. I know, I ordered 6 10ozers.
https://www.kansascitysteaks.com/product/ribeye-steak
I bought ribeye and t-bone local grass fed and local butchered Saturday for $7.99 a lb (inflated no doubt) but..........still pays to "look" around. Costco is like Derby paying $30+ at apmex for ase's when he could be buying them @ $22.
The whole worlds off its rocker, buy Gold™.
The premium for prime grade seems to be dropping, I can get prime for only a few bucks more a pound than choice at the local grocery store. But the grading is variable, so as with coins, buy the steak not the holder.
I also cherry pick choice at Costco, which sometimes has better marbling than the prime.
@ShadyDave I think those in the picture would not get a CAC sticker for choice grade!!
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck
And now the government is considering minting a ONE TRILLION DOLLAR platinum coin. In an attempt to circle around the current debt limit ceiling limit coming up in a few days. Wonder what effect that will have on inflation if it takes place??
https://www.axios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html
the value of fiat money has always been the value acknowledged by the receiving party. If the FED is willing to accept and carry it on it's books for $1 Trillion, then it is worth $1 Trillion.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I gottsa $28T Palladium coin. Sukaz! lol!!
The whole worlds off its rocker, buy Gold™.
“Shortages” Aren’t Causing Inflation. Money Creation Is.
"If the recent surge in inflation were driven by a shortage of goods rather than an increase in the money supply, then aggregate output would be shrinking."
It is not shrinking:
Classic case of more money chasing goods and services. Keep in mind that price inflation fuels further price inflation as competitors join the "raise the price" bandwagon.
Appears the MMT magic money tree is showing its ugly face.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It is good to see those on Social Security getting a 5.9% raise for '22. The largest increase in 40 years is long overdue.
Print on.
Print? Aren’t they planning to pay for everything with tax increases!?
Remember the $3,500,000,000,000 costs zero according to Joe.
100% Positive BST transactions
Print? Aren’t they planning to pay for everything with tax increases!?
They do love tax increases, but not because they would ever put a cap on money printing. Social engineering costs lots of "money" so you can expect both higher taxes and loss of purchasing power from your money as well.
I knew it would happen.
i was joking
I wish it were a joke.
I knew it would happen.
My bitcoins and Ethereum coins are surely inflating. Who would of thought fake imaginary coins would inflate, gold coins would stay flat and gutter coins would go down all while the price of everything else in the universe significantly increased? CRAZY WORLD! RGDS!!
The whole worlds off its rocker, buy Gold™.
I pay attention to Williams on his site, SHADOW STATS. He states SSN increase should be 12%.
I figure cash in my safe( or in the bank) is going to be worth at least 10% less next year . Scary.
This calendar year, 20+% on my basket of goods.
IIRC, in the early 70's we had price controls imposed. Didn't affect me because I was in school and had no money,
BUT
What a great time the Black Market guys had.
.> @blitzdude said:
The irony is that even insurance has gone up. Lol
Knowledge is the enemy of fear
Got the work email this week - all of our benefits costs going up. Will find out the percentages Wed.
On the plus - first time they're offering a Roth401k alongside the regular 401 with same matching % scale. Interested in that one.
Looks like the inflation is here to stay for awhile. The free government money probably is the main contributor.
But the supply and demand equation is another. With supply chain disruptions, empty shelves that are now common... that is also now driving prices upwards, and that does not appear to be going to change for some time even into next year. The question in my mind is... how wild is this inflation going to ramp up to?
Could be a challenging winter for heating ones home.
I've just finished reading through this long thread. Posts inform, instruct, persuade and entertain, so, good stuff. The most recent evoke one strong emotion; "Let's Go Brandon".
Will the employer or the roth holder have to pay the current year income tax on the matching contributions? Unlike a regular IRA, contributions are taxed as income in the year they are contributed. Of course the advantage is that all gains are earned tax free.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
We don't have the SPD on it yet so I can't speak on the tax details. Should know something in the Wed meeting. It is the same match as the regular 401k though into the stock fund, so...?
even if the roth holder gets taxed on employer contributions, they are only a drop in the bucket compared to the tax free earning potential of the account provided wise investments are made.
A more important question is "who controls the investments," the account holder or the employer's choice of portfolio manager. A roth is only as good as the person making the trading decisions. The end of the "buy and hold" days is fast approaching. A savvy account holder who controls his own trading decisions would be wise to bone up on all the ETF possibilities.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'm hoping it's more self directed toward individual investments instead of just another batch of the etfs. I'd prefer to do my own with this one.
Washington Post says "suck it up, buttercup." LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
My shelves are full. RGDS!
The whole worlds off its rocker, buy Gold™.
Martin Armstrong asks an important question
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Still a limit on the number of meals between your shelves and anarchy. You simply enter the turmoil with a fuller stomach than those that go to the grocery store weekly.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
What is this he mentions, " Socrates’ projected political Panic Cycle for 2023"?
Knowledge is the enemy of fear
Socrates is his computer program that has been fairly accurate in forecasting.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Socrates is not a name I would associate with tarot card reading
Let's go Brandon!
Armstrong's toenail likely to have more economic knowledge and experience than anyone on an anonymous PM forum.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Cept my livestock, land and wildlife pretty much regenerate themselves. I suspect the day anarchy finds it's way up here to gods country.......well me, you and everyone else in our existence will be long gone. Prepare accordingly. Perhaps one day the gutter will inflate along with everything else on the planet. RGDS!
The whole worlds off its rocker, buy Gold™.
Smoe folk have an inkling of what they speak.😉
Knowledge is the enemy of fear
Those who happen to heat with propane... best keep the tank topped off as much as possible. Hearing much more about price/availability squeeze coming up.
inflation ain't real but worry about it if you must ...
I don’t know, but shouldn’t someone we would describe as a leader define a few priorities and get food and fuel where it needs to be and let the frivolous sh!t from China sit on the boats?
Perhaps the bigger problem is previous admins becoming so dependent on other countries labour and resources? Nobody was biatching when They were making Trillions $$$$ offshoring everything Merican*. If you are not prepared for where we are now it's your own fault. Don't blame the present for the inherited mess. !!
The whole worlds off its rocker, buy Gold™.
I pre-bought 800 gallons (@ $1.85) a few months ago, with the stipulation from the supplier that one had to sign up for their scheduled delivery program - so hopefully they'll be coming by on a regular basis.....
I do have about 8 cords of firewood on hand, fireplace won't keep the whole house warm though
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck
SS just got a 5.9% COLA raise. One of the leading economists in the country stated that it really should have been about 13%.
For a sobering analysis of our current position, for non subscribed readers:
http://www.shadowstats.com/
For the last 40 years the amount of money spent on goods has decreased by about 5% per year vs that spent on services......until the last year, when 20% more was spent on goods. We took our free handouts and bought lots of junk from China, thus clogging up the ports. We value trinkets and knick knacks above ourselves. Such fools.
Knowledge is the enemy of fear
You said it sir. Crazy world.
The whole worlds off its rocker, buy Gold™.
Not only will it cost zero, the $3,500,000,000,000 will be anti-inflationary
can't believe this isn't an onion article:
https://www.cnbc.com/2021/10/29/treasury-secretary-yellen-says-spending-bills-will-be-anti-inflationary-lowering-important-costs.html
P&C industry is just beginning to ramp up the price hikes after pocketing all the profits from minimal travel during the pandemic. Travelers just announced in their earnings call this week that they're submitting personal auto rate hikes in 40+ states.