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2022 inflation report thread

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  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭
    edited June 10, 2022 3:43PM

    @tincup said:
    Out of curiosity, are ammunition shortages still occurring? Price increases? Just curious, since it has been a few years since I purchased ammo for small game hunting years ago...

    Not as bad as it was around 2012 but when you find it expect to pay up. I'm in the boonies and my closest wallyword gets fairly regular shipments but only in very small amounts. $.10 cents a round for CCI .22 Minimags, $10 for a box of 20-gauge field/target shells and $32 for a 20 count box of Winchester .30-06 (yikes). It is supposedly some fancy Deer XP polymer ballistic tip stuff but still. I see all the same stuff in stock online at a few places about 20% higher...plus shipping in most cases.

    The whole worlds off its rocker, buy Gold™.

  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    @tincup said:
    Out of curiosity, are ammunition shortages still occurring? Price increases? Just curious, since it has been a few years since I purchased ammo for small game hunting years ago...

    Most local retailers have a good assortment. Gotta shop around though. Some retailers treat ammo like it as an ASE. For example, M80 ball at ACE is $32, but at Rural King is $22.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,816 ✭✭✭✭✭
    edited June 11, 2022 5:09AM

    @tincup said:
    Definitely time to be looking for areas to put one's cash that will help protect purchasing power.

    Commodity bull is just beginning.

    ETFs/ETNs I like with current price:
    natural gas (UNG) 29.72
    multiple natural resources (USCI) 61.85
    agriculture (FTAG) 30.56
    copper (CPER) 26.04
    and uranium (URA) 22.39

    "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 ✭✭✭✭✭

    Ammo has been a good investment, monetarily?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    @jmski52 said:
    Ammo has been a good investment, monetarily?

    Certainly, a better investment than gutter metal.....but then the same could be said for just about every other item on planet earth. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,816 ✭✭✭✭✭

    "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 ✭✭✭✭✭

    Why does the author refer to Russia and China as "her"?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PerryHallPerryHall Posts: 46,132 ✭✭✭✭✭

    @cohodk said:

    Why does the author refer to Russia and China as "her"?

    I assume you've never been married. ;)

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • derrybderryb Posts: 36,816 ✭✭✭✭✭
    edited June 14, 2022 8:11AM

    @cohodk said:

    Why does the author refer to Russia and China as "her"?

    Because historically countries and ships are referred to as "she" and "her." Of course in this day and age one must be extremely careful with his/its choice of pronouns. Yesterday I referred to may female cat as "she" and got a dirty look from her.

    "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

  • rcmb3220rcmb3220 Posts: 1,108 ✭✭✭✭

    @cohodk said:

    Why does the author refer to Russia and China as "her"?

    Because zero hedge is in bed Russia and all her friends.

  • derrybderryb Posts: 36,816 ✭✭✭✭✭

    don't choke on the koolaid. The truth is easier to swallow.

    "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

  • RobMRobM Posts: 552 ✭✭✭

    Stand beside her and guide her...

  • derrybderryb Posts: 36,816 ✭✭✭✭✭
    edited June 13, 2022 5:08AM

    @RobM said:
    Stand beside her and guide her...

    how's that working out for your personal balance sheet? LOL

    Don't feel bad, can't convince the wife to put her very large money market into something that will protect it's value.

    "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

  • RobMRobM Posts: 552 ✭✭✭

    Balance sheet looks fine, until accounting for inflation. Right now very few are actually making 10+% on investments. Your wife is likely smart to want to stay in money market, at least until fed gives up on QT. Commodities like copper signaling recession and are going lower. US stock indices could go down a third from here and not be oversold. Real property too, And cryptocurrencies are possibly the weakest investment. There is no sign of capitulation. Most likely because retirement investment portfolios have been on autopilot for the past 2 decades. As markets churn it's nearly impossible to make money. UVXY sits below $15.

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

    @rcmb3220 said:

    @cohodk said:

    Why does the author refer to Russia and China as "her"?

    Because zero hedge is in bed Russia and all her friends.

    They don't call it Bulgaria Hedge for nothing. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭
    edited June 12, 2022 12:05PM

    Because zero hedge is in bed Russia and all her friends.

    I thought that Russia has been isolated and doesn't have any friends. That's what I've been told by our "media".

    It seems to me that anyone who cuts off access to oil & gas sources in our own country is more in bed with Russia alot more than Zerohedge, who deigns to actually report on details that really aren't available on CNN.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,816 ✭✭✭✭✭

    "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

  • rcmb3220rcmb3220 Posts: 1,108 ✭✭✭✭

    @jmski52 said:
    Because zero hedge is in bed Russia and all her friends.

    I thought that Russia has been isolated and doesn't have any friends. That's what I've been told by our "media".

    It seems to me that anyone who cuts off access to oil & gas sources in our own country is more in bed with Russia alot more than Zerohedge, who deigns to actually report on details that really aren't available on CNN.

    Russia has a few friends. China, North Korea, some former Soviet states currently trapped in an abusive relationship. I really don’t understand how an American or another resident of the free world could be pro Russia, but here we are.

  • derrybderryb Posts: 36,816 ✭✭✭✭✭
    edited June 13, 2022 5:08AM

    apple pie koolaid is just as bad for you as is the cherry koolaid. It's not about loyalty.

    Russian Joke: A Russian is on an airliner heading to the US, and the American in the seat next to him asks, “So what brings you to the US?” The Russian replies, “I’m studying the American approach to propaganda.” The American says, “What propaganda?” The Russian says, “That’s what I mean.”

    Does consuming all of of those "made in China" goods make you pro-China? 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

  • derrybderryb Posts: 36,816 ✭✭✭✭✭

    @RobM said:
    UVXY sits below $15.

    jumped back in @ 13.45, got tired of waiting for a reversal with ETH.

    "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

  • RobMRobM Posts: 552 ✭✭✭

    1> @derryb said:

    @RobM said:
    UVXY sits below $15.

    jumped back in @ 13.45, got tired of waiting for a reversal with ETH.

    Gold luck to you. Don't hold it too long. I've been gradually selling off WEBS and SPXU that I bought in April.

  • jmski52jmski52 Posts: 22,845 ✭✭✭✭✭
    edited June 13, 2022 6:20AM

    I really don’t understand how an American or another resident of the free world could be pro Russia, but here we are.

    I'd be interested to know how this statement, "It seems to me that anyone who cuts off access to oil & gas sources in our own country is more in bed with Russia alot more than Zerohedge, who deigns to actually report on details that really aren't available on CNN." would make anyone "pro-Russian".

    Seems to me that the people who are busy tearing down this country are the ones who are "pro-Russian".

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • taxmadtaxmad Posts: 978 ✭✭✭✭
    edited June 13, 2022 6:07AM

    The Russian ruble is at a 5 year high. Appears our dear Addled Dotard is more pro-Russian than any ZH reader...

  • tincuptincup Posts: 5,135 ✭✭✭✭✭

    Have to admit the Russian strategy of linking gold to the ruble, and requiring ruble for energy payments, seems to have paid off.

    ----- kj
  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭
    edited June 13, 2022 8:42AM

    @taxmad said:
    The Russian ruble is at a 5 year high. Appears our dear Addled Dotard is more pro-Russian than any ZH reader...

    US dollar is a a 19 year high.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭
    edited June 13, 2022 8:42AM

    @tincup said:
    Have to admit the Russian strategy of linking gold to the ruble, and requiring ruble for energy payments, seems to have paid off.

    There is virtually no trading activity in the rubble. Our resident manipulation seekers should he all over this. Why arent they?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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

    US dollar is a a 19 year high.

    Let's remember what the dollar is being compared to. Oh yeah, other over-inflated currencies.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,816 ✭✭✭✭✭
    edited June 13, 2022 9:52AM

    @cohodk said:

    @taxmad said:
    The Russian ruble is at a 5 year high. Appears our dear Addled Dotard is more pro-Russian than any ZH reader...

    US dollar is a a 19 year high.

    Yes, it ranks high against a basket of six other currencies, yet it buys less than it did in any one of those 19 years.

    This "dollar index (DXY)" tells us nothing more than it's global strength compared to six other global currencies. It is used by traders seeking a measure of the value of the US dollar against other global currencies used by US trade partners. Two of those currencies (Euro & Yen) make up 71.2% of the basket which means they have a major impact on the dollar's index measurement. The euro, the yen and other basket components are tanking, giving the dollar a "high" ranking among global currencies. The index says "hold dollars over the other six currencies." It does not say "the dollar can purchase more goods and services while it's index says it is high." Inflation has shown us this to be true. The only current bargain, except for PMs, is to use the dollar is to buy any of the other six currencies but only if one sees the investment gaining strength. Weak currencies may continue to tank further sending the dollar index higher.

    Do not be fooled by a high dollar index. It simply means it is the prettiest pig among a drove of uglier pigs. It is no reflection of its purchasing power which is at it's lowest in over 40 years. The current desire for investors to hold dollars has nothing to do with it's global ranking and everything to do with crashing assets.

    FWIW, historically gold has an inverse (opposite) relationship with the dollar index.

    Pros and Cons of a strong dollar.

    "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

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

    My wife asked if she should cancel her Netflix subscription , today. My answer is always the same : " Don't "should" on yourself.
    As to inflation? We get half as many good movies for twice the price.

  • derrybderryb Posts: 36,816 ✭✭✭✭✭
    edited June 13, 2022 9:38AM

    @cohodk said:

    @tincup said:
    Have to admit the Russian strategy of linking gold to the ruble, and requiring ruble for energy payments, seems to have paid off.

    There is virtually no trading activity in the rubble. Our resident manipulation seekers should he all over this. Why arent they?

    Because sanctions are all over trading activity that involves the ruble. :o

    "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:

    @cohodk said:

    @tincup said:
    Have to admit the Russian strategy of linking gold to the ruble, and requiring ruble for energy payments, seems to have paid off.

    There is virtually no trading activity in the rubble. Our resident manipulation seekers should he all over this. Why arent they?

    Because sanctions are all over trading activity that involves the ruble. :o

    Imagine where the rubble would be if there was a free market. Eeeks!!!

    But no manipulation. Nothing to see here. Lol

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    @derryb said:

    FWIW, historically gold has an inverse (opposite) relationship with the dollar index.

    FWIW---as does used cars, hamburger, concrete and jello. Anything priced in dollars will move opposite the value of the dollar.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,816 ✭✭✭✭✭
    edited June 13, 2022 2:11PM

    @cohodk said:

    @derryb said:

    FWIW, historically gold has an inverse (opposite) relationship with the dollar index.

    FWIW---as does used cars, hamburger, concrete and jello. Anything priced in dollars will move opposite the value of the dollar.

    Then why are prices for these items highly inflated while the Dollar Index gains? Looks more like a direct relationship to the DXY than an inverse one.

    Would be wise for you to not think that the dollar index is a measure of the dollar's value as the difference was clearly explained a few posts earlier. It is this misconception about the dollar's true value and faith that the FED will quickly and decisively cure high inflation that is holding back the move from cash to proven inflation fighting assets. That swan will soon fly away. Getting gold?

    "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

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

    @cohodk said:

    @taxmad said:
    The Russian ruble is at a 5 year high. Appears our dear Addled Dotard is more pro-Russian than any ZH reader...

    US dollar is a a 19 year high.

    Yup, spank them commies.,,,,but let never let facts get in the way. RGDS!!! and.....DOUBLE SEMPER FI!!!! TO YOU!!!!

    The whole worlds off its rocker, buy Gold™.

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

    @TwoSides2aCoin said:
    My wife asked if she should cancel her Netflix subscription , today. My answer is always the same : " Don't "should" on yourself.
    As to inflation? We get half as many good movies for twice the price.

    Who needs movies when you can just go take a walk outside. Enjoy life brother. Cancel the nflx. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • rcmb3220rcmb3220 Posts: 1,108 ✭✭✭✭

    @jmski52 said:
    I really don’t understand how an American or another resident of the free world could be pro Russia, but here we are.

    I'd be interested to know how this statement, "It seems to me that anyone who cuts off access to oil & gas sources in our own country is more in bed with Russia alot more than Zerohedge, who deigns to actually report on details that really aren't available on CNN." would make anyone "pro-Russian".

    Seems to me that the people who are busy tearing down this country are the ones who are "pro-Russian".

    I couldn’t figure out what you were trying to say so I didn’t comment. It’s a grammatical mess.

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

    I couldn’t figure out what you were trying to say so I didn’t comment. It’s a grammatical mess.

    My statement is grammatically correct except for the period after CNN which was an oversight. But to imply that someone is pro-Russian because they read Zerohedge? Get real.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,816 ✭✭✭✭✭
    edited June 14, 2022 3:15AM

    some of the best sources for what is actually going on with the US economy are from outside of the US. Anyone that trusts only the US media to keep them informed of the truth and the facts is not only a fool but an idiot as well.

    There has been ample documentation that the US media has been captured and controlled by special interest groups. There is no longer such a thing as investigative journalism nor unbiased reporting. Edward Murrow and Walter Cronkite would roll over in their graves. Gone are the days when one could depend on the media for the facts and the truth. I do not want to be fed the opinion of a special interest group every time I turn on the news. US news has become a vehicle to dictate how one should think.

    Those that thirst for the truth have learned to seek it elsewhere.

    "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:

    Would be wise for you to not think that the dollar index is a measure of the dollar's value.

    Haha. My post was in response to touting the rubble at a 5 yr high. A rubble that you also have praised. So why you praise the rubble, but not the dollar?

    You dont need to answer, we all know why.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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

    why you praise the rubble, but not the dollar?

    You dont need to answer, we all know why.

    I haven't noted anyone praising the ruble. Observing the reality doesn't constitute praise.

    The purchasing power of our own dollar is being trashed by our very own gov.com

    What's to praise? Why do you want people not to be able to afford anything without going into debt?

    Why are you such an apologist for the banks and the Fed? Why do you distort the real impact of all this money creation with a bogus measure of the dollar's value - as if it's a good thing?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,816 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    Would be wise for you to not think that the dollar index is a measure of the dollar's value.

    Haha. My post was in response to touting the rubble at a 5 yr high. A rubble that you also have praised. So why you praise the rubble, but not the dollar?

    You dont need to answer, we all know why.

    You got me mixed up with someone else. You are trying so hard to prove others are wrong that you can't keep strait who you are attacking at any given moment.

    I have never praised the ruble. I praise no fiat currencies. I am however a realist concerning the blowback of sanctions imposed on a country and its economy for simply trying to prevent nukes from being parked in its backyard. When he starts droning wedding parties wake me up. 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

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

    Looks like OPA has been right about the dollar for awhile now.........................

    "the dollar has assumed the role of the global stagflation hedge with USD cash being one of the few financial assets offering returns"

    [https://zerohedge.com/markets/i-need-dollar]

    But, but, wait...............................this is from Zerohedge. Does that mean OPA is a Russian operative or a Russian sympathizer? That's what some people around here would have you believe.

    This is how crazy the narrative has become.

    Q: Are You Printing Money? Bernanke: Not Literally

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

    This is how crazy the narrative has become

    Yup, thats what happens when perception becomes fact.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭
    edited June 14, 2022 5:55PM

    @jmski52 said:
    why you praise the rubble, but not the dollar?

    You dont need to answer, we all know why.

    I haven't noted anyone praising the ruble. Observing the reality doesn't constitute praise.

    The purchasing power of our own dollar is being trashed by our very own gov.com

    What's to praise? Why do you want people not to be able to afford anything without going into debt?

    Why are you such an apologist for the banks and the Fed? Why do you distort the real impact of all this money creation with a bogus measure of the dollar's value - as if it's a good thing?

    Im just a feedback loop jmski. Fair and balanced.

    If you dont like the dollar, get rid of them. If you dont have enough, then get more. If you cant get more, then conserve what you have. Folk are not forced to go into debt. Thats a person decision. Remember personal responsibility? Most people forgot it. That aint my concern, and it shouldnt be yours. Fend for yourself. Be prepared. We're all in this together.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,118 ✭✭✭✭✭

    Now back to the thread......inflation or deflation?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,816 ✭✭✭✭✭

    Cashflation, temporaily.

    "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 ✭✭✭✭✭

    I used to get a dunkin coffee and sandwich 4-5x a week. Then the prices, and moreso the service, got stupid. Now i just go on Saturday. I wake up 20 min earlier and make my own coffee and sandwich. I save $20 a week and ive lost 4 pounds. Every crisis is an opportunity.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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

    @blitzdude said:

    @TwoSides2aCoin said:
    My wife asked if she should cancel her Netflix subscription , today. My answer is always the same : " Don't "should" on yourself.
    As to inflation? We get half as many good movies for twice the price.

    Who needs movies when you can just go take a walk outside. Enjoy life brother. Cancel the nflx. RGDS!

    I'll give ya the wife's number. I don't watch much. It was just an incidental " inflation" report. Seemed worthy and telling. Personally, I haven't paid for cable or streaming since my daughters lived at home. Better part of 15 years. I've put that extra money in the "gutter metal", brother.

  • JimTylerJimTyler Posts: 3,392 ✭✭✭✭✭

    @TwoSides2aCoin said:
    My wife asked if she should cancel her Netflix subscription , today. My answer is always the same : " Don't "should" on yourself.
    As to inflation? We get half as many good movies for twice the price.

    I get free Netflix with senior T mobile plan. 2 lines unlimited everything tax and Netflix included 70 bucks. Even free Paramount + and Apple TV for a year. Pays to be old sometimes.

  • tincuptincup Posts: 5,135 ✭✭✭✭✭
    edited June 15, 2022 10:14AM

    I cut the cable/satellite connection a couple of years ago. Digital antenna gets a local station for free (even though 80 miles away), and Pluto TV free streaming gets me all the movies, news programs and shows... more than I could ever watch. Haven't missed the paid subscription at all... and money saved is very useful elsewhere!

    ----- kj
This discussion has been closed.