Inflation

[npsp]

This is what I've been getting at. I have all these home projects I'd like to do, but I'm not going to get started when the materials are up 100% or more. But the inflation is demand-driven? I can't see how, at least for most of us.

We're building an addition to our house. We put off buying lumber for many weeks. Thankfully, Keenfish is a good dude and kept us updated on lumber pricing and we were able to place our order at a low point before it shot back up. I owe Keen a nice bottle of wine.

 

[enframed]

I owe Keen a nice bottle of wine.

Wine prices goin up next year, especially imports. Buy now.

 

[afoaf]

Wine prices goin up next year, especially imports. Buy now.

BUT THEN WHAT WILL HE OWE YOU!~?!?!?!?

 

[PRCD]

We're building an addition to our house. We put off buying lumber for many weeks. Thankfully, Keenfish is a good dude and kept us updated on lumber pricing and we were able to place our order at a low point before it shot back up. I owe Keen a nice bottle of wine.

but can keenfish save us from this?? (Huge if ‘yes’):

https://twitter.com/i/web/status/1470774040948359179

I suppose we could bet on this also. If you lose the bet, you will be consoled by paying in tomorrow’s dollars which are worth a lot less than today’s. Anyone want to bet a wheelbarrow of cash on the inflation rate 6 months from now?

Bloomebergs running articles on howto adjust to the new normal:https://www.bloomberg.com/news/articles/2021-12-11/the-inflation-pros-from-argentina-offer-tips-for-rattled-americans

I’m sure this is fine.

 

[crustBrother]

Seems like a good time to cross fingers and max out the credit line on purchasing cash positive real estate rentals?

Or is it time to invest in soup cans and shotgun shells?

Fuckifiknow!

 

[PRCD]

Seems like a good time to cross fingers and max out the credit line on purchasing cash positive real estate rentals?

Or is it time to invest in soup cans and shotgun shells?

Fuckifiknow!

Depends on your ability to service debt. A modest property is not a bad idea. Definitely buy beans and rice. Going to take a huge swing in ‘Merican testicular fortitude to make make ammo worth it. A huge chunk get mad

seems like we’re going to test the theory that deficits don’t matter:

https://twitter.com/i/web/status/1470528253227986949

Moar interesting takes:

https://twitter.com/i/web/status/1470096778112364548

I think real inflation is closer to 20%. Usually the government is lying by a factor of pI

https://twitter.com/i/web/status/1470104371279110145

https://twitter.com/i/web/status/1471261371094355969

 

[Autoprax]

Eat bugs

 

[Ifallalot]

Great Reset here we come!

 

[Autoprax]

I notice if you don't have a lot you have less fear of loosing.

 

[PRCD]

Great Reset here we come!

https://twitter.com/i/web/status/1473719759996915722

 

[StuAzole]

Depends on your ability to service debt. A modest property is not a bad idea. Definitely buy beans and rice. Going to take a huge swing in ‘Merican testicular fortitude to make make ammo worth it. A huge chunk get mad

seems like we’re going to test the theory that deficits don’t matter:

https://twitter.com/i/web/status/1470528253227986949

Moar interesting takes:

https://twitter.com/i/web/status/1470096778112364548

I think real inflation is closer to 20%. Usually the government is lying by a factor of pI

https://twitter.com/i/web/status/1470104371279110145

https://twitter.com/i/web/status/1471261371094355969

YOY comparisons to the end of a shock recession are hardly surprising.

but I’ll ask again - why is nobody discussing the inflationary impact of the Trump tariffs here? So weird that lumber etc would be so much more expensive now… Take THAT China!

 

[crustBrother]

why is nobody discussing the inflationary impact of the Trump tariffs here?

because those are insignificant when compared to the inflationary impact of the money printing that was happening while Trump was prez?

Value of assets on the balance sheet of the Federal Reserve from August 2007 to December 2021 (in trillion U.S. dollars)

 

[PRCD]

There's a good explanation of the jump in M1. It's due to the way they count it. M2 still shows a 50% increase in the money supply. They've dropped "transitory". Now it's just inflation and here's why that's a good thing.

Or bad:

https://amgreatness.com/2021/12/18/the-dying-dollar/

 

[PRCD]

But this would look fine if you just rescaled the y axis:

https://twitter.com/i/web/status/1468220680655327236

 

[WindowLicker]

 

[PRCD]

https://twitter.com/i/web/status/1478083988191391744