Author Topic: Is Hyperinflation On The Horizon?  (Read 80893 times)

Offline AussieMan

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Re: Is Hyperinflation On The Horizon?
« Reply #120 on: May 13, 2021, 04:00:35 AM »
@ExGingi any updates with the current news re. Inflation?
Is it just a hype?

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Re: Is Hyperinflation On The Horizon?
« Reply #121 on: May 13, 2021, 07:25:28 AM »

Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« Reply #122 on: May 13, 2021, 07:33:12 AM »
@ExGingi any updates with the current news re. Inflation?
Is it just a hype?

Not hype. Transitory.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

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Re: Is Hyperinflation On The Horizon?
« Reply #123 on: May 19, 2021, 12:39:43 PM »

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Re: Is Hyperinflation On The Horizon?
« Reply #124 on: May 28, 2021, 02:56:51 PM »

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Re: Is Hyperinflation On The Horizon?
« Reply #125 on: May 28, 2021, 05:28:11 PM »
Biden on Friday unveiled a $6 trillion budget for next year thatís piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nationís spiking debt from spiraling totally out of control.

The administration sees a $1.8 trillion deficit next year and steadily accumulating federal debt that has topped $28 trillion after well over $5 trillion in already approved COVID-19 relief. As a result, the government must borrow roughly 50 cents of every dollar it spends this year and next.

With the deficitís growth largely unchecked, Biden would use proposed tax hikes on businesses and high-earning people to power huge new social programs like universal prekindergarten, large subsidies for child care and guaranteed paid leave.

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Re: Is Hyperinflation On The Horizon?
« Reply #126 on: May 28, 2021, 05:46:01 PM »
Biden on Friday unveiled a $6 trillion budget for next year thatís piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nationís spiking debt from spiraling totally out of control.

The administration sees a $1.8 trillion deficit next year and steadily accumulating federal debt that has topped $28 trillion after well over $5 trillion in already approved COVID-19 relief. As a result, the government must borrow roughly 50 cents of every dollar it spends this year and next.

With the deficitís growth largely unchecked, Biden would use proposed tax hikes on businesses and high-earning people to power huge new social programs like universal prekindergarten, large subsidies for child care and guaranteed paid leave.


But ďBiden is a moderate Democrat, and heís in charge, not Kamala, AOC, or BernieĒ. Yeah right.

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Re: Is Hyperinflation On The Horizon?
« Reply #127 on: May 31, 2021, 08:53:15 PM »


From a Lakewood restaurant owner

Offline yaakovely

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Re: Is Hyperinflation On The Horizon?
« Reply #128 on: May 31, 2021, 11:12:41 PM »

From a Lakewood restaurant owner
The more people I speak to in different industries, I am seeing that it is affecting all sectors.. (yes, I know that restaurant owner as well, he owns 2 or 3 restaurants..)

Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« Reply #129 on: June 02, 2021, 10:23:55 PM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« Reply #130 on: June 02, 2021, 10:24:58 PM »

From a Lakewood restaurant owner

All of these might pale in comparison to the current labor shortage reported in that industry due to PUA.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Abey

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Re: Is Hyperinflation On The Horizon?
« Reply #131 on: June 02, 2021, 10:30:48 PM »
All of these might pale in comparison to the current labor shortage reported in that industry due to PUA.
How you are so sure what the cause of labor shortage is ?

Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« Reply #132 on: June 02, 2021, 10:54:22 PM »
How you are so sure what the cause of labor shortage is ?

I don't know anything for sure. But the buzz all over seems to be that restaurants have a hard time getting workers. These are often minimum/low wage jobs, and getting unemployment (sometimes coupled with some off-the-books job (or trading stonks and crypto)) is more lucrative.

Commodity prices will eventually come down, but once you pay $20 or more per hour for a menial job, I don't see that going down.
« Last Edit: June 02, 2021, 11:09:16 PM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline cgr

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Re: Is Hyperinflation On The Horizon?
« Reply #133 on: June 03, 2021, 12:05:51 AM »












Real or someone's idea of a joke?

Online Euclid

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Re: Is Hyperinflation On The Horizon?
« Reply #134 on: June 03, 2021, 12:07:35 AM »











Real or someone's idea of a joke?
Real

Offline joewei

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Re: Is Hyperinflation On The Horizon?
« Reply #135 on: June 03, 2021, 12:33:22 AM »
nobody gave a normal reason why they are raising the prices!!
stimulus ?? :-[

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Re: Is Hyperinflation On The Horizon?
« Reply #136 on: June 03, 2021, 12:58:28 AM »







"If you fall, I will be there." -Floor

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Re: Is Hyperinflation On The Horizon?
« Reply #137 on: June 03, 2021, 01:00:13 AM »
nobody gave a normal reason why they are raising the prices!!
stimulus ?? :-[
Cost of shipping has drastically increased.

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Re: Is Hyperinflation On The Horizon?
« Reply #138 on: June 03, 2021, 12:17:30 PM »
I don't know anything for sure. But the buzz all over seems to be that restaurants have a hard time getting workers. These are often minimum/low wage jobs, and getting unemployment (sometimes coupled with some off-the-books job (or trading stonks and crypto)) is more lucrative.

Commodity prices will eventually come down, but once you pay $20 or more per hour for a menial job, I don't see that going down.
https://www.wsj.com/articles/worst-worker-shortage-getting-even-worse-11622735578
Feelings don't care about your facts

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Re: Is Hyperinflation On The Horizon?
« Reply #139 on: June 03, 2021, 12:24:08 PM »
How you are so sure what the cause of labor shortage is ?

I live in FL, and as of last Friday, they've reinstated the requirement to have 5 job searches in order to collect unemployment. They will also be getting rid of the Federal supplement at the end of this month. My personal experience is that it is a serious kick in the pants to find a job, and I'm probably more motivated than the majority of people on unemployment, especially low wage workers. I think we'll see a widening unemployment gap in the states where they are making it harder to collect benefits within the next 30-60 days.
Failing at maintaining Lurker status.