Is Hyperinflation On The Horizon?

[ExGingi]

https://www.wsj.com/articles/beef-prices-high-summer-barbecue-12a08905

Nice of them to try to keep the cuts that simpletons get for YT (shoulder roast, brisket) to no or minimal increase.

[Yakov15]

Why is 3 bone flanken increasing more than 5 bone flanken, if it’s a meat shortage and not a labor cost etc.?

[avromie7]

Why is 3 bone flanken increasing more than 5 bone flanken, if it’s a meat shortage and not a labor cost etc.?

The same reason cheek meat is more expensive than chuck roast.

[Yakov15]

The same reason cheek meat is more expensive than chuck roast.

What do you mean? Cheek meat is the same as Chuck roast?

[avromie7]

What do you mean? Cheek meat is the same as Chuck roast?

No, but it's all priced as high as they think the consumer will tolerate.

[ExGingi]

https://twitter.com/dougkass/status/1699048111513931817

@CountValentine here's the contribution of unions to the country.

[CountValentine]

@CountValentine here's the contribution of unions to the country.

Unions are a necessity.
Look at the unions as the police and big corporations as the criminals. 

[ExGingi]

Unions are a necessity.
Look at the unions as the police and big corporations as the criminals. 

But we all know that the real criminals are politicians.

[5/3]

Feel like I should put in the Documentary The Money Masters in here.

Will not put in writing what I think of the other said reporting by him but on this topic there is a vastly better perceptive in the above documentary that this one agrees with on the "Federal" Reserve.

Guess in addiction to on film / dvd it is on online found on his Still Report website.

[Joe4007]

The fact is they are fast to raise the price and slow to lower the price.
Everyone has their own view why that is but doesn't change that fact.

Not complaining now...
https://twitter.com/BobEUnlimited/status/1708530463818616982

[aygart]

Not complaining now...
https://twitter.com/BobEUnlimited/status/1708530463818616982

But everyone will only remember one part of the story.

[Kobe Bryant]

CPI for NOV 3.1% in line with expectations.

[AsherO]

CPI for NOV 3.1% in line with expectations.

"Don't worry, there's no hyperinflation, just a30% real-world haircut on the buying power of USD over the past few years"

In hindsight I'd prefer to owe my PPP money with interest, and get back 2019 prices.

[MiInvstr]

"Don't worry, there's no hyperinflation, just a30% real-world haircut on the buying power of USD over the past few years"

In hindsight I'd prefer to owe my PPP money with interest, and get back 2019 prices.

Now imagine how people who didn’t even get any PPP feel!

[Kobe Bryant]

Now imagine how people who didn’t even get any PPP feel!

100%

Asher, I would argue that is it a lot higher than -30%.

[avromie7]

"Don't worry, there's no hyperinflation, just a30% real-world haircut on the buying power of USD over the past few years"

In hindsight I'd prefer to owe my PPP money with interest, and get back 2019 prices.

I wish there was some way we could've predicted this.

[Just A Jew]

"Don't worry, there's no hyperinflation, just a30% real-world haircut on the buying power of USD over the past few years"

In hindsight I'd prefer to owe my PPP money with interest, and get back 2019 prices.

https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

30% has happened at least 3 times since 1900. I don't know that it qualifies for hyperinflation. Still a bad situation...

[yuneeq]

https://x.com/profstonge/status/1735398984481677647

[avromie7]

https://x.com/profstonge/status/1735398984481677647

It's scary how close they are.

[Just A Jew]

10-15% inflation a year in painful, but seeing Argentina's 210% in 2023 and current 20%/month, it's hard to envision hyperinflation as a likely reality here.