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Price inflation hits 1981 highs

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  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    The gutter write-offs certainly lessen the tax burden. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • GoldFinger1969GoldFinger1969 Posts: 1,762 ✭✭✭✭✭

    @derryb said:

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Fixed realtor fees are a prime example of what happens when prices are not determined by a free market and are >determined and enforced by groups such as MLS who represent those collecting the fees. FED is no different, it sets >rates collected by its member banks. Realtor fee price fixing is highly illegal (finally being challenged). Bank interest >rate price fixing should be equally illegal.

    The Fed doesn't control long-term interest rates.

  • derrybderryb Posts: 36,812 ✭✭✭✭✭
    edited March 14, 2024 7:49PM

    @GoldFinger1969 said:

    @derryb said:

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Fixed realtor fees are a prime example of what happens when prices are not determined by a free market and are >determined and enforced by groups such as MLS who represent those collecting the fees. FED is no different, it sets >rates collected by its member banks. Realtor fee price fixing is highly illegal (finally being challenged). Bank interest >rate price fixing should be equally illegal.

    The Fed doesn't control long-term interest rates.

    sure it does. a string of short term errors creates one long term error.

    anyone who controls a series of short term influences has control over long term results.

    "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

  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    @derryb said:

    @GoldFinger1969 said:

    @derryb said:

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Fixed realtor fees are a prime example of what happens when prices are not determined by a free market and are >determined and enforced by groups such as MLS who represent those collecting the fees. FED is no different, it sets >rates collected by its member banks. Realtor fee price fixing is highly illegal (finally being challenged). Bank interest >rate price fixing should be equally illegal.

    The Fed doesn't control long-term interest rates.

    sure it does. a string of short term errors creates one long term error.

    anyone who controls a series of short term influences has control over long term results.

    Like a parent who always influences right from wrong is responsible when the grown child does wrong?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,812 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    @GoldFinger1969 said:

    @derryb said:

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Fixed realtor fees are a prime example of what happens when prices are not determined by a free market and are >determined and enforced by groups such as MLS who represent those collecting the fees. FED is no different, it sets >rates collected by its member banks. Realtor fee price fixing is highly illegal (finally being challenged). Bank interest >rate price fixing should be equally illegal.

    The Fed doesn't control long-term interest rates.

    sure it does. a string of short term errors creates one long term error.

    anyone who controls a series of short term influences has control over long term results.

    Like a parent who always influences right from wrong is responsible when the grown child does wrong?

    no, it's like a child who makes continuous financial bad decisions and wonders why he does not end up wealthy.

    "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

  • derrybderryb Posts: 36,812 ✭✭✭✭✭

    "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

  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    Your tax dollars at work. Milk and cheese should be free, or we should stop the subsidies.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭

    The Fed doesn't control long-term interest rates.

    Then, who is buying the long bonds that are pushing the 30 year rates down right now?

    It’s not you. It’s not me. It’s not derryb. It’s not even coho.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    @jmski52 said:
    The Fed doesn't control long-term interest rates.

    Then, who is buying the long bonds that are pushing the 30 year rates down right now?

    It’s not you. It’s not me. It’s not derryb. It’s not even coho.

    Coho bought a bunch of bonds at end of April.

    These guys are buying a heck of a lot more than Coho. And being that their funds are in many investment portfolios, including 401k and pension plans, J6P is also buying bonds. I'm still baffled as to why you think no one is buying bonds.

    Pimco Says ‘Generational Reset’ on Yields to Spur a Bond Revival https://www.bloomberg.com/news/articles/2024-06-04/pimco-says-generational-reset-on-yields-to-spur-a-bond-revival

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭
    edited June 6, 2024 3:46AM

    Coho bought a bunch of bonds at end of April.

    Short term, or long term? As you know, it makes a big difference.

    As you ought to know, the Treasury is rolling over their long term bonds issued at 1% to 2% into short term treasuries at 4% to 5%, and this will continue to accelerate the national debt and the interest payments on it.

    And I’m also sure that you know that this is a major reason that the whole banking complex is under water, needing bail-ins & consolidations.

    Pimco says ‘Generational Reset’ on Yields to Spur a Bond Revival

    Only because it will take (much) higher rates to entice more suckers (and the Fed itself) into the bond market as the debt & money-printing continues to explode beyond the point of management.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    @jmski52 said:
    Coho bought a bunch of bonds at end of April.

    Short term, or long term?

    Average maturity of about 8 years.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭

    Average maturity of about 8 years.

    Why not 30 year?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    @jmski52 said:
    Average maturity of about 8 years.

    Why not 30 year?

    Yield curve.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭
    edited June 6, 2024 4:12AM

    Yield curve.

    Gee, why doesn’t the yield curve favor 30 year treasuries like it should?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭
    edited June 6, 2024 4:20AM

    @jmski52 said:
    Yield curve.

    Gee, why doesn’t the yield curve favor 30 year treasuries like it should?

    Too many buyers.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭

    Too many buyers.

    If there were too many buyers for the 30 year treasuries, the yield curve wouldn't be inverted. Do you advise your clients this way?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,812 ✭✭✭✭✭

    First member of G7 to throw in the towel (this time around).

    Canada cuts rates from 5% to 4.75%

    "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

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭

    More Inflation

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • HigashiyamaHigashiyama Posts: 2,192 ✭✭✭✭✭

    @jmski52 said:

    “Too many buyers.

    If there were too many buyers for the 30 year treasuries, the yield curve wouldn't be inverted. Do you advise your clients this way?”

    Too many buyers = price goes up = yields go down

    @derryb said:

    “First member of G7 to throw in the towel (this time around).”

    ECB as well. But Powell is standing firm.

    Higashiyama
  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    @Higashiyama said:
    @jmski52 said:

    “Too many buyers.

    If there were too many buyers for the 30 year treasuries, the yield curve wouldn't be inverted.

    Too many buyers = price goes up = yields go down

    Yup. Again, he demonstrated he has no idea what he's actually talking about.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭

    Too many buyers = price goes up = yields go down

    .................which means exactly nothing in the context of this conversation........................

    The only "buyer" is the Fed from their Cayman Islands, Luxemburg and Ireland accounts.

    If yields on 30 year treasuries are less than the yields on shorter term treasuries, why would anyone buy them when they can take less risk for more yield on a shorter term T-bill?

    Why would coho recommend 30 year treasuries to a client when he can get an 8 year for less risk and higher yield? He wouldn't. So he's being hypocritical to say that there's too many buyers for the longer term bond.

    Too many buyers. Hah. The Fed is buying their own crap, but nobody else is.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭
    edited June 7, 2024 8:05AM

    @jmski52 said:
    Too many buyers = price goes up = yields go down

    .................which means exactly nothing in the context of this conversation........................

    The only "buyer" is the Fed from their Cayman Islands, Luxemburg and Ireland accounts.

    If yields on 30 year treasuries are less than the yields on shorter term treasuries, why would anyone buy them when they can take less risk for more yield on a shorter term T-bill?

    Why would coho recommend 30 year treasuries to a client when he can get an 8 year for less risk and higher yield? He wouldn't. So he's being hypocritical to say that there's too many buyers for the longer term bond.

    Too many buyers. Hah. The Fed is buying their own crap, but nobody else is.

    Nothing of what you wrote is accurate and I'm sorry you don't understand how any of this works. I'm also sorry you are so angry.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭
    edited June 7, 2024 9:22AM

    Nothing of what you wrote is accurate and I'm sorry you don't understand how any of this works. I'm also sorry you are so angry.

    I'm doing fine and you're projecting your own anger.

    Inflation is going out of control and the Fed is causing it with massive money printing.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TheGoonies1985TheGoonies1985 Posts: 5,464 ✭✭✭✭✭
    edited June 7, 2024 9:43AM

    Life is not easy on many many people I count myself lucky and I am not rich by any means. But I have a home and daily food (not the best and not the worst). I own a pet and have my hobbies (collecting coins, reading books, cooking, video games, old movies, spend time with close family and so on). I do not own a car I take public transportation and I almost never go out unless to buy food or necessities (I order pizza and Chinese food a few times per year and no longer go out to restaurants). I exercise for free outdoors almost daily (walking cost nothing). As long as I have these things life is pretty good.

    No wife and never had kids never could afford it and simply accepted it and moved on. I would like to have 2 pets but is costs to much so 1 is what I own and that is OK and he gets a better life because of it.

    Trick in life is not looking for happiness but to simply be content with the life you do have. Happiness is a bonus.

  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭

    Motorcraft FL1A oil filter at Autozone, $15.99 as of last week, up over 100% from 40 months ago.

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • rte592rte592 Posts: 1,668 ✭✭✭✭✭

    @morgansforever said:
    Motorcraft FL1A oil filter at Autozone, $15.99 as of last week, up over 100% from 40 months ago.

    You can price check on the Internet.
    Maybe cheaper at O'Reilly's or Walmart?
    That reminds me, I need filters for the Toyota... eBay was the best place for those last time in a 6 pack.

  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭
    edited June 10, 2024 9:25AM

    @rte592 said:

    @morgansforever said:
    Motorcraft FL1A oil filter at Autozone, $15.99 as of last week, up over 100% from 40 months ago.

    You can price check on the Internet.
    Maybe cheaper at O'Reilly's or Walmart?
    That reminds me, I need filters for the Toyota... eBay was the best place for those last time in a 6 pack.

    I see $12.36 at Walmart, $8.50 on eBay. Perhaps it's the Autozone that's inflated? RGDS!

    The whole worlds off its rocker, buy Gold™.

  • SilverBlindSilverBlind Posts: 99 ✭✭✭

    @cohodk said:
    Your tax dollars at work. Milk and cheese should be free, or we should stop the subsidies.

    Avg consumption of cheese per person annually is just over 40lb. Wouldn't take too long to go through that tower of cheese.

    BST References] oilstates2003, GoldCoin98, COINS MAKE CENTS, SurfinxHI, mbogoman, detroitfan2,
  • tincuptincup Posts: 5,135 ✭✭✭✭✭

    Could be my imagination, but seems the 'free' shipping supplies selections on ebay have all taken a jump in price. Can't afford the 'free' supplies anymore.... oh well.

    ----- kj
  • derrybderryb Posts: 36,812 ✭✭✭✭✭

    @tincup said:
    Could be my imagination, but seems the 'free' shipping supplies selections on ebay have all taken a jump in price. Can't afford the 'free' supplies anymore.... oh well.

    i believe they did away with the free coupons for ebay stores a while back.

    "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

  • GoldFinger1969GoldFinger1969 Posts: 1,762 ✭✭✭✭✭

    @derryb said:
    anyone who controls a series of short term influences has control over long term results.

    Nonsense.

    The Fed controls short-term rates, long-term rates are set by other variables such as the term premium, risk premium, and inflation.

  • derrybderryb Posts: 36,812 ✭✭✭✭✭

    @GoldFinger1969 said:

    @derryb said:
    anyone who controls a series of short term influences has control over long term results.

    Nonsense.

    The Fed controls short-term rates, long-term rates are set by other variables such as the term premium, risk premium, and inflation.

    anyone who controls a series of short term influences has control over long term results.

    "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

  • GoldFinger1969GoldFinger1969 Posts: 1,762 ✭✭✭✭✭

    @derryb said:
    anyone who controls a series of short term influences has control over long term results.

    Every bond trader who trades trillions of dollars in bonds/notes/bills each year disagrees with you.

    And they have a wee bit more money on the line than you. :D

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭

    The recent auction seems to say that nobody wants US Treasuries, except the Fed.

    Rolling over long term debt @1% (that nobody wants) into short term debt @ 5% = big inflation. Buckle up.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭
    edited June 11, 2024 4:26AM

    @jmski52 said:
    The recent auction seems to say that nobody wants US Treasuries, except the Fed.

    You understand that saying this over and over again still doesn't make it truthful or even remotely accurate.

    If you believe I am incorrect, then please.provide evidence of the FEDs holdings of treasuries increasing over the last 2 years.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • GoldminersGoldminers Posts: 3,984 ✭✭✭✭✭

    @cohodk said:

    @jmski52 said:
    The recent auction seems to say that nobody wants US Treasuries, except the Fed.

    please provide evidence of the FEDs holdings of treasuries increasing over the last 2 years.

    Depends on the maturity.

  • derrybderryb Posts: 36,812 ✭✭✭✭✭
    edited June 11, 2024 5:47AM

    @jmski52 said:
    The recent auction seems to say that nobody wants US Treasuries, except the Fed.

    Rolling over long term debt @1% (that nobody wants) into short term debt @ 5% = big inflation. Buckle up.

    This will result in higher taxes to fund the debt, look for capital gains tax to be the first casualty.

    "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

  • tincuptincup Posts: 5,135 ✭✭✭✭✭

    @derryb said:

    @tincup said:
    Could be my imagination, but seems the 'free' shipping supplies selections on ebay have all taken a jump in price. Can't afford the 'free' supplies anymore.... oh well.

    i believe they did away with the free coupons for ebay stores a while back.

    I'm referring to the $25 credit that ebay store owners get for ebay shipping items such as boxes, padded envelopes, etc. that are sold by ebay stores. Don't know about anyone else, but I still get that... was just going to apply it and get some supplies, but seems available items are just too expensive anymore. Used to be there were a reasonable number that could be obtained for the amount.

    But now, seems to be only a few, unless you are willing to pay the extra amounts. Problem is, even with a $25 credit on the ebay brand, price is getting up there.

    ----- kj
  • derrybderryb Posts: 36,812 ✭✭✭✭✭

    @GoldFinger1969 said:

    @derryb said:
    anyone who controls a series of short term influences has control over long term results.

    Every bond trader who trades trillions of dollars in bonds/notes/bills each year disagrees with you.

    And they have a wee bit more money on the line than you. :D

    I certainly don't believe a bond trader is in a position to control a series of short term influences. A central bank on the other hand . . .

    "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

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭

    And they have a wee bit more money on the line than you. :D

    Woohoo! (And it’s not their money.)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • tincuptincup Posts: 5,135 ✭✭✭✭✭

    Fireworks shows may have taken a hit this year, due to inflation. No show here locally.... usually had a decent one for a decade. So it goes. (but I'm sure some will jump in and say they just saw the best show ever)

    https://zerohedge.com/personal-finance/liberty-inflation-all-even-fireworks-shows-scaled-down-year

    ----- kj
  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    @tincup said:
    Fireworks shows may have taken a hit this year, due to inflation. No show here locally.... usually had a decent one for a decade. So it goes. (but I'm sure some will jump in and say they just saw the best show ever)

    https://zerohedge.com/personal-finance/liberty-inflation-all-even-fireworks-shows-scaled-down-year

    Just wait till those 100% tariffs hit.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,288 ✭✭✭✭✭

    @cohodk said:

    @tincup said:
    Fireworks shows may have taken a hit this year, due to inflation. No show here locally.... usually had a decent one for a decade. So it goes. (but I'm sure some will jump in and say they just saw the best show ever)

    https://zerohedge.com/personal-finance/liberty-inflation-all-even-fireworks-shows-scaled-down-year

    Just wait till those 100% tariffs hit.

    Just wait til the riots start again.

  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    @TwoSides2aCoin said:

    @cohodk said:

    @tincup said:
    Fireworks shows may have taken a hit this year, due to inflation. No show here locally.... usually had a decent one for a decade. So it goes. (but I'm sure some will jump in and say they just saw the best show ever)

    https://zerohedge.com/personal-finance/liberty-inflation-all-even-fireworks-shows-scaled-down-year

    Just wait till those 100% tariffs hit.


    Just wait til the riots start again.

    Some cant.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,288 ✭✭✭✭✭

    @cohodk said:

    @TwoSides2aCoin said:

    @cohodk said:

    @tincup said:
    Fireworks shows may have taken a hit this year, due to inflation. No show here locally.... usually had a decent one for a decade. So it goes. (but I'm sure some will jump in and say they just saw the best show ever)

    https://zerohedge.com/personal-finance/liberty-inflation-all-even-fireworks-shows-scaled-down-year

    Just wait till those 100% tariffs hit.


    Just wait til the riots start again.

    Some cant.

    That’s because it gets too cold in November.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,288 ✭✭✭✭✭

    @morgansforever said:
    Motorcraft FL1A oil filter at Autozone, $15.99 as of last week, up over 100% from 40 months ago.

    Buy AZO then…. ORLY is an alternative.

  • derrybderryb Posts: 36,812 ✭✭✭✭✭

    @TwoSides2aCoin said:

    @morgansforever said:
    Motorcraft FL1A oil filter at Autozone, $15.99 as of last week, up over 100% from 40 months ago.

    Buy AZO then…. ORLY is an alternative.

    you should change your oil more often than 40 months.

    "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

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