How about that inflation

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puerile_polyp
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Re: How about that inflation

Post by puerile_polyp » Wed Jul 20, 2022 1:14 am

Madrigal wrote:
Fri Jul 15, 2022 11:00 pm
Because of the war?
Yeah, "putin's price hike" is the narrative being promoted by the establishment now. You'd have to have an exceptionally short memory to buy it, so I won't be surprised if it catches on with the mainstream public.

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Spartan26
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Re: How about that inflation

Post by Spartan26 » Mon Jul 25, 2022 5:36 am

puerile_polyp wrote:
Wed Jul 20, 2022 1:14 am
Madrigal wrote:
Fri Jul 15, 2022 11:00 pm
Because of the war?
Yeah, "putin's price hike" is the narrative being promoted by the establishment now. You'd have to have an exceptionally short memory to buy it, so I won't be surprised if it catches on with the mainstream public.
So what is the problem?

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puerile_polyp
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Re: How about that inflation

Post by puerile_polyp » Tue Jul 26, 2022 1:41 am

Spartan26 wrote:
Mon Jul 25, 2022 5:36 am
puerile_polyp wrote:
Wed Jul 20, 2022 1:14 am
Madrigal wrote:
Fri Jul 15, 2022 11:00 pm
Because of the war?
Yeah, "putin's price hike" is the narrative being promoted by the establishment now. You'd have to have an exceptionally short memory to buy it, so I won't be surprised if it catches on with the mainstream public.
So what is the problem?
The euro is falling against the dollar because the European Central Bank went at it even harder with the money-printing machine than the USA did, and has been even slower to stop.

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Madrigal
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Re: How about that inflation

Post by Madrigal » Wed Aug 31, 2022 11:11 pm

I just made a shopping trip for groceries that would have cost me about 130 dollars three months ago and now cost me 220 dollars.

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puerile_polyp
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Re: How about that inflation

Post by puerile_polyp » Thu Oct 27, 2022 6:38 pm

Now they're trying to convince everyone that we have all this inflation because corporations suddenly became greedy. I won't be surprised at what anybody believes anymore.

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starjots
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Re: How about that inflation

Post by starjots » Sat Oct 29, 2022 10:10 am

puerile_polyp wrote:
Thu Oct 27, 2022 6:38 pm
Now they're trying to convince everyone that we have all this inflation because corporations suddenly became greedy. I won't be surprised at what anybody believes anymore.
What's your explanation -- because clearly inflation is a world-wide phenomenon at the moment.

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puerile_polyp
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Re: How about that inflation

Post by puerile_polyp » Sat Oct 29, 2022 6:59 pm

starjots wrote:
Sat Oct 29, 2022 10:10 am
puerile_polyp wrote:
Thu Oct 27, 2022 6:38 pm
Now they're trying to convince everyone that we have all this inflation because corporations suddenly became greedy. I won't be surprised at what anybody believes anymore.
What's your explanation -- because clearly inflation is a world-wide phenomenon at the moment.
My explanation is in my first post in this thread so here it is again:

Image

https://www.amarketology.com/how-the-us ... 0-and-2021

Europe did the same thing: https://www.reuters.com/article/health- ... NKBN21606P

This inflation was caused by unprecedented, astronomical amounts of money being printed in the world's reserve currency. Also extremely low interest rates for way too long.

Now the Western leaders who engineered this are working to convince you that the cause is anything other than their own actions. For starters they changed the way they were keeping track of money supply in the middle of all of this: https://fredblog.stlouisfed.org/2021/05 ... n=fredblog

They've been telling us for the past two years that inflation is "transitory" and that there won't be a recession, as people noticed what was happening and saw the warnings. They kept interest rates extremely low until it was obvious shit was hitting the fan. And now that they can't deny that it's happening, it changes to "it's not our fault that it's happening". So we get a litany of reasons outside of their control: Russia, "supply chain problems", covid, and now "corporate greed".

The last one is the dumbest imo because you have to somehow believe that corporations all of a sudden became greedy and realized they could just make more money by charging more.

Tough times ahead. And a big looming problem is that they will probably need to raise interest rates drastically in order to get the inflation under control, but doing so would raise payments on the US debt to extraordinarily high levels that would be difficult to pay. Defaulting on the US debt would be catastrophic.

edit: and as for it being global, it appears that inflation in China is still under 3 percent

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Senseye
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Re: How about that inflation

Post by Senseye » Sun Oct 30, 2022 9:45 pm

I agree that corporate greed is the least of the inflationary causes. Corporations do love to tack on a few extra percent for themselves since prices are going up anyways, but that's not a significant factor.

All the covid related largess, corresponding lack of productivity, and resulting supply chain disruption are the main issues for general inflation. Russia's invasion of Ukraine is probably the root cause of most of the energy inflation (otherwise it would be in line with general inflation I would suspect).

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