Author Topic: Is Hyperinflation On The Horizon?  (Read 150249 times)

Offline PlatinumGuy

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Re: Is Hyperinflation On The Horizon?
« Reply #80 on: April 09, 2021, 06:32:56 AM »
Forget about new car MSRPs, and compare actual prices paid for the same cars 9/19 vs 9/20.
OK, where can I see that data?

Wages did not increase, but the amount of capital being spent by the lowest 80% of income classes did increase.
Yet core prices like wages did not increase, hence no inflation. Spending going up is excellent, it's called economic expansion.

inflation becomes impossible to diagnose
True inflation is quite easy to diagnose for anybody who accepts the traditional definition of inflation. Money supply increasing some asset values is not inflation until it increases all core consumer goods, of which it increased none in the last year.

The weakened dollar relative to other currencies that did not provide anywhere near this level of trickle up economical quantitative easing is pretty telling, though.
The weakened dollar (which is good for the US economy) is also representative of other factors than money supply and quantitive easing, such as political stability.
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Offline PlatinumGuy

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Re: Is Hyperinflation On The Horizon?
« Reply #81 on: April 09, 2021, 06:57:37 AM »
And used cars?
Used cars prices are up 10-20% from pre-pandemic, which likely reflects a shortage of new cars as a result of Covid production and shipment delays.

In 2019, 16,961,000 new cars were sold in the US, compared with 14,471,800 new cars in 2020. That is a decrease of 10% despite prices rising only ~2.5%. Clearly, excess demand/money isn't the driving force raising prices of cars.

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Offline Kobe Bryant

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Re: Is Hyperinflation On The Horizon?
« Reply #82 on: April 09, 2021, 07:55:10 AM »

Offline Lurker

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Re: Is Hyperinflation On The Horizon?
« Reply #83 on: April 09, 2021, 09:54:07 AM »


Lasted a full minute and 30 seconds. I feel bad for anyone who has to take his classes.
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Offline Euclid

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Re: Is Hyperinflation On The Horizon?
« Reply #84 on: April 09, 2021, 10:08:34 AM »
Lasted a full minute and 30 seconds. I feel bad for anyone who has to take his classes.
I wish this was a real life 2x speed button for some people.

Offline Joeymc

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Re: Is Hyperinflation On The Horizon?
« Reply #85 on: April 09, 2021, 11:40:44 AM »
I wish this was a real life 2x speed button for some people.
You know when you tap a youtube video to see how long is left? I wish you could do that for some people.
120 characters? Hmm, I wonder what I could write with 64 characters. Boy, it's gonna be hard to use up 15 characters. W-

Offline Lurker

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Re: Is Hyperinflation On The Horizon?
« Reply #86 on: April 09, 2021, 12:01:13 PM »
You know when you tap a youtube video to see how long is left? I wish you could do that for some people.

Everyone should have little timers on top of their head, letting everyone know how much talking time they have left in them. Be helpful to know before saying hi to some people.
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Offline yos9694

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Re: Is Hyperinflation On The Horizon?
« Reply #87 on: April 09, 2021, 12:48:48 PM »
I wish this was a real life 2x speed button for some people.

4x for some baalei tfillah

Offline ExGingi

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Re: Is Hyperinflation On The Horizon?
« Reply #88 on: April 09, 2021, 01:09:40 PM »
4x for some baalei tfillah

And 0.5x for some

And definitely volume rockers for many.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yuneeq

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Re: Is Hyperinflation On The Horizon?
« Reply #89 on: April 09, 2021, 03:16:03 PM »
This has much more to do with increased import costs and issues than Washington handing out money. #blameCovid

And why do you think import costs are so high? It's more than just COVID.
Suppliers are passing on increased costs, a lot has to do with the weakened dollar, while shipping costs are extremely high to due relentless demand. Companies were able to adjust to the tariffs but this new wave of cost increases is causing both major price increases and the discontinuation of products.
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Re: Is Hyperinflation On The Horizon?
« Reply #90 on: April 09, 2021, 03:19:02 PM »
It's more than just COVID. .

I know. See my next post.
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Offline yuneeq

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Re: Is Hyperinflation On The Horizon?
« Reply #91 on: April 09, 2021, 03:45:42 PM »
I know. See my next post.

I saw it but disagree. There is definitely a lot of consumer product inflation that is 80-90% tied to the stimulus money being handed out. CPG demand is extremely high while the USD is devalued, causing major increases in production and shipping costs. You might not see it right away on all products but I assure you it's real.
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Offline ExGingi

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I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ExGingi

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I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Joe4007

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Re: Is Hyperinflation On The Horizon?
« Reply #94 on: April 12, 2021, 05:04:28 PM »
https://twitter.com/miguelsantostwt/status/1381179302134358017
Anyone saying "There’s absolutely no way the northern hemisphere will experience persistent high inflation" is just wrong. I believe pretty much everyone agrees that if we go full MMT without putting in the protections that MMT calls for (i.e. raising taxes when inflation rises) and start printing money, or as they call it monetizing our debt, we can easily get to persistent high inflation.

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Re: Is Hyperinflation On The Horizon?
« Reply #95 on: April 12, 2021, 05:11:58 PM »
Anyone saying "There’s absolutely no way the northern hemisphere will experience persistent high inflation" is just wrong. I believe pretty much everyone agrees that if we go full MMT without putting in the protections that MMT calls for (i.e. raising taxes when inflation rises) and start printing money, or as they call it monetizing our debt, we can easily get to persistent high inflation.

Tell us about Japan's inflation over the last few dacades since they invented ZIRP an YCC.

Also explain how you get inflation with a shrinking population.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline Joe4007

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Re: Is Hyperinflation On The Horizon?
« Reply #96 on: April 12, 2021, 05:42:00 PM »
Tell us about Japan's inflation over the last few dacades since they invented ZIRP an YCC.
FWIU, Japan has not gone full MMT and is still borrowing to finance its deficits.
Quote
Also explain how you get inflation with a shrinking population.
Are you saying that if someone at the fed were to add $500TT to the treasury's account which the treasury would then split up and send to every American we won't have inflation because of the fact that we have a shrinking population (FTR: we don't actually have a shrinking population, rather a decline in growth rate)?

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Re: Is Hyperinflation On The Horizon?
« Reply #97 on: April 12, 2021, 06:02:05 PM »
FWIU, Japan has not gone full MMT and is still borrowing to finance its deficits.Are you saying that if someone at the fed were to add $500TT to the treasury's account which the treasury would then split up and send to every American we won't have inflation because of the fact that we have a shrinking population (FTR: we don't actually have a shrinking population, rather a decline in growth rate)?

The US doesn't have a shrinking population. But many western economies do.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline PlatinumGuy

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Re: Is Hyperinflation On The Horizon?
« Reply #99 on: April 13, 2021, 12:57:31 PM »
But many western economies do.
That's a stretch. Italy, Greece, Portugal are the only countries with a shrinking population that can plausibly be defined as Western economies, but they are dramatically different than the US.

You consistently overestimate the likelihood of the American birth rate going off a cliff.
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