Financial topics

[vincecate]

[...]
He rattled on for half an hour, but his argument boils down to the
following:
[...]

This argument is so idiotic that it makes my head spin. But of course
I can do fourth grade math. I hear variations of this argument from
so-called experts all the time.

Any argument that does not include money printing, government deficit, central bank buying bonds from all over, and velocity of money is not really a solid argument. But these seem to go over the heads of most people. So they use simple things like "wage price spiral" that blame it on the little guy for getting a raise that does not even keep up with inflation. The government in particular does not want to explain inflation in terms of money printing, as that would mean it was their fault. But these days most of the press is friendly with government.

[aeden]

They are stuck at brrrrrrr. Move along as Keynesian Salt water macro alludes them.
Debts, deflation, and demographics threaten to derail the pagans as we read today.

Water wheat weather will decide.
As they told us from those who risked their very lives if they do not tell us
they do not have to pay on countless people simply wiped out.
So many productive agricultural lives just got wiped out it will even stagger
a truly rational mind. We told many to check the COT and locally last night the straight line winds
passed us by truly in His mercy alone not to be destroyed.

Take it as you will the gain of function is back and we will try to get by.
Classes start this fall so a few can teach some to survive.
The worker base for a few reasons are depleted and some just moved on to other areas
since a few models are based and derived on less than honest soul crushing internalized
motives. The open border predators are just another level of insanity since Bib Bish swamp logic.
Basically the swamp demsheviks are Pinto Fords if even that.

[vincecate]

They are stuck at brrrrrrr.

Ya. I think we can count on "substantial further progress" in generating inflation.

[aeden]

Greenmask gets plucked many greentards to go.
https://www.zerohedge.com/markets/forme ... unts-fraud

[vincecate]

Nikola founder Trevor Milton charged with fraud:
https://www.youtube.com/watch?v=AJUIaVuqpUs

Mentioned him here before more than 13 months ago (https://gdxforum.com/forum/viewtopic.php?p=52785#p52785)
He rolled a truck down a hill to make a video to make investors think he had a working truck.
This and other fraud went unchecked till now.

Usually the crash and the prosecution of fraud come about the same time, I think.
Think we are getting closer.

[aeden]

Milton Friedman and Anna J. Schwartz, A Monetary History of the United States,
1867–1960 (Princeton: National Bureau of Economic Research and Princeton University Press, 1963), p. 297.

“Gold movements were not permitted to affect the total of high-powered money [bank reserves and currency]. They were ... sterilized, inflows being offset by open market sales, outflows by open market purchases.”[4] They observe further:

“The widespread belief that what goes up must come down, ... plus the dramatic stock market boom, have led many to suppose that the United States experienced severe inflation before 1929 and [that] the [Federal] Reserve System served as an engine of it. Nothing could be further from the truth. By 1923, wholesale prices had recovered only a sixth of their 1920–21 decline. From then until 1929, they fell on the average of 1 percent per year. ... Far from being an inflationary decade, the twenties were the reverse. And the Reserve System, far from being an engine of inflation, very likely kept the money stock from rising as much as it would have if gold movements had been allowed to exert their full influence.”

We are not going to agree on float and peg.

It will collapse for millions and yes it just did in three zones and be rejected by even more into a disinflation tail spin.

Hobson's choice economics from .gov over reach will ensue since truly they are of no value added and the Triffin cult have one point only.

The average cost for a vehicle is $41000.00
I can repair a no rust vehicle many times over.
This manipulation will detonate whenever.
The hold by beer demshevik cult free shit army will be abandoned sooner or later.
As such.

thread: ddh

[aeden]

Archive: 1936
February 6, “Hobo blockade” in effect in Dorris as Los Angeles police try to intercept indigent travelers.
Vagrants are chased away from the California – Oregon border.

One acre-foot equals about 326,000 gallons, or enough water to cover an acre of land,
about the size of a football field, one foot deep.

Formal reports of 117 empty wells but suspect more than 300 have gone dry in the past few weeks
as the consequences of the Klamath River basin's water.

http://www.williamengdahl.com/englishNEO10June2021.php You are governed by complete imbeciles.

[Cool Breeze]

What we may be looking at is something that nobody is talking about.
When the Fed temporarily tapered bond purcheses a few years ago, there
was a "taper tantrum." The Fed is currently buying $120 billion in
treasuries and mortgage-backed securities each month, and will have to
tapen again. There may be a similar economic reaction when the
handouts end, and may quickly result in deflation and a sharp
recession. The only question is: When will this happen?

The economy should have crashed in 2009 when the real estate bubble
crashed, which is what I was expecting. That was held off by
something that I didn't expect, massive Fed bond purchases, creating a
drug-like dependency. And now we're in a new drug-like dependency,
with handouts. Drug addictions never end well, and neither will
these.

They are hoping they can keep monetizing the debt forever.
This way the politicians can spend as much as they want.
The way this fails is inflation or hyperinflation.
They think they can print as much money as they want.
However, if they print too much, the paper stops being money.
They are probably at/close to "too much money".

This has happened with paper money many times before;
however, most of the westerners alive today have not lived through it.

It's curious that John talks about "math" all the time but can't see that even with technology, inflation still occurs year over year, for his whole life.

Bizarro world. Again, people, disinflation isn't deflation. Why are basic concepts so hard to understand even for smart people?

Look at data and facts, then make conclusions. Stop coming to the conclusion and then retrofitting a narrative.

[John]

** 29-Jul-2021 World View: Inflation is transitory

> It's curious that John talks about "math" all the time but can't
> see that even with technology, inflation still occurs year over
> year, for his whole life.

> Bizarro world. Again, people, disinflation isn't deflation. Why
> are basic concepts so hard to understand even for smart people?

> Look at data and facts, then make conclusions. Stop coming to the
> conclusion and then retrofitting a narrative.

When you write something like this, which you do all the time, I
assume that you're doing it because you enjoy being a complete jerk.

So let me say: When I or Jerome Powell or a million other analysts say
that "inflation is transitory," we do not mean that it's zero or
negative. We mean that it's very low. OK?

[Cool Breeze]

** 29-Jul-2021 World View: Inflation is transitory

> It's curious that John talks about "math" all the time but can't
> see that even with technology, inflation still occurs year over
> year, for his whole life.

> Bizarro world. Again, people, disinflation isn't deflation. Why
> are basic concepts so hard to understand even for smart people?

> Look at data and facts, then make conclusions. Stop coming to the
> conclusion and then retrofitting a narrative.

When you write something like this, which you do all the time, I
assume that you're doing it because you enjoy being a complete jerk.

So let me say: When I or Jerome Powell or a million other analysts say
that "inflation is transitory," we do not mean that it's zero or
negative. We mean that it's very low. OK?

You f-bomb people and say mean stuff (occasionally, not all the time) so don't act like it's someone else with tongue in cheek that's the hurtful one.

They are already wrong, and admitted it, regarding "transitory". The fact that you think I did that because I enjoy being "a jerk" means that you understood the point of it. So are you going to change the error in your ways of thinking on this topic?

Let's recap:

1. Inflation isn't transitory. The Fed already admitted that. And the word, furthermore, can be abused, but you've already been wrong as were they. They just actually admitted it. Will you?
2. Inflation isn't low. Cost of living is real "inflation" and that has skyrocketed depending on which asset classes or goods you need.

As I have said before, and I'm not sure why you just don't take my (good) ideas and run with them, is that inflation runs and then deflation happens AT THE END. Is it because you are too prideful? The point of the board is to find the best ideas. Well, here's a better one, so stop being a dolt just because you don't want to be wrong. Who cares about being wrong, we all are here or there. But refusing to admit it is the biggest issue.