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Forum » How juicy is tomorrow's inflation report going to be?
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Thread: How juicy is tomorrow's inflation report going to be?

post 1640581273 06-10-2021, 09:14 AM
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#31
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5 percent on the dot. And Powell is committed to letting this thing burn.

Google "Fed reverse repo". Banks just gave half a trillion dollars BACK to the Fed this week. They have nowhere to invest it, it returns 0 interest, and that cash counts as a liability on their books. So they literally just gave the last 4 MONTHS of QE back to JPow. And Powell continues to print more, even though he knows it's just going to be given back later, because if he stops printing the whole market panics and tanks.

Powell thinks he can keep printing until 2023, but I don't see this shell game lasting that long. Asset markets (what he claims to be stimulating) are grossly overweight and stalled out, inflation is chewing up real gains, and more stimmy isn't having any effect. Sooner or later, he's got to bite the bullet and raise rates and just let the asset correction happen. I think he wants to wait for employment to improve before setting off a stock market crash, but inflation rekking the average consoomer while he waits might force his hand.
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post 1640581453 06-10-2021, 09:17 AM
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Originally Posted By FA*******⏩
5 percent on the dot. And Powell is committed to letting this thing burn.

Google "Fed reverse repo". Banks just gave half a trillion dollars BACK to the Fed this week. They have nowhere to invest it, it returns 0 interest, and that cash counts as a liability on their books. So they literally just gave the last 4 MONTHS of QE back to JPow. And Powell continues to print more, even though he knows it's just going to be given back later, because if he stops printing the whole market panics and tanks.

Powell thinks he can keep printing until 2023, but I don't see this shell game lasting that long. Asset markets (what he claims to be stimulating) are grossly overweight and stalled out, inflation is chewing up real gains, and more stimmy isn't having any effect. Sooner or later, he's got to bite the bullet and raise rates and just let the asset correction happen. I think he wants to wait for employment to improve before setting off a stock market crash, but inflation rekking the average consoomer while he waits might force his hand.
This isn't QE. This is straight money printing that's happening. Far worse than QE.
post 1640582203 06-10-2021, 09:28 AM
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Originally Posted By saltypits⏩
This isn't QE. This is straight money printing that's happening. Far worse than QE.
literally no difference if you aren't an imbecile monetarist
https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
post 1640582243 06-10-2021, 09:28 AM
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#34
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Originally Posted By BulkingIsHard⏩
literally no difference if you aren't an imbecile monetarist
Lol this.
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post 1640582353 06-10-2021, 09:30 AM
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Originally Posted By BulkingIsHard⏩
literally no difference if you aren't an imbecile monetarist
Really? One limits stimulus to lenders, the other one literally gave virtually every adult in the USA straight cash.
post 1640582513 06-10-2021, 09:32 AM
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Originally Posted By saltypits⏩
Really? One limits stimulus to lenders, the other one literally gave virtually every adult in the USA straight cash.
And where the fukk do you think that stimulus to lenders goes?

It's money right into the economy for use. Either way.
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post 1640582573 06-10-2021, 09:33 AM
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#37
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The kind of stuff the CCP pulls really makes you think about what our own government is willing to or has been lying about from the start.
Beans. Cleans. Gasoline.
post 1640582633 06-10-2021, 09:35 AM
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Originally Posted By twovalvekid⏩
And where the fukk do you think that stimulus to lenders goes?

It's money right into the economy for use. Either way.
You realize the lenders get the money back, right? That's a hair different than cutting you a cheque.
post 1640582803 06-10-2021, 09:37 AM
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Originally Posted By saltypits⏩
You realize the lenders get the money back, right? That's a hair different than cutting you a cheque.
You could make the exact same argument about getting cut a check. People are just going to go spend it and give it to someone else.

Literally is nothing but flooding the economy with money in either case.
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post 1640583193 06-10-2021, 09:44 AM
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#40
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my 20 year old cars have gone up like 80% or so in the last year lol
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post 1640584143 06-10-2021, 09:54 AM
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Originally Posted By saltypits⏩
This isn't QE. This is straight money printing that's happening. Far worse than QE.
One of these benefits the wealthy.

The other benefits the wealthy.

If you thinking giving some poorcel $4000 in printed cash is actually helping them in the long run, you'd be so wrong. Inflation pisses that $4000 down the drain over the long run in real terms.

Poorcel wages change insignificantly over the years. Inflation erodes the spending power of the little amount of money they make.

To put it into perspective, wages for poorcells hovered around $7-$10 twenty fuarking years ago. It's around $10-$12 today. Meanwhile, rents were $400-$600. Today, those same rents are $900-$1300. Printing money is never a good long term strategy, but our Fed can't seem to get enough of it.

They're the same thing with a different name brah.
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post 1640584503 06-10-2021, 10:00 AM
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Originally Posted By saltypits⏩
You realize the lenders get the money back, right? That's a hair different than cutting you a cheque.
When QE gets injected into the system, banks have extra liquidity to make loans and "grow" businesses that are addicted to the low rates. Debtors pay off their loans to the bank, and the Fed essentially erases the bonds they purchased that the treasury should pay off, but don't, which is actually a significant proportion of total bonds (~50% were owned by the fed in 2016). The result is billions of dollars now circulating in the economy paid for by devaluing the USD.

A healthy economy would be making loans off of savings created by productivity and sound fiscal policy. Debtors pay off their loans, the bank takes profit from the interest, and depositors earn a share of that interest on their savings. CPI does not increase and we don't have massive debt bubbles, but politicians won't be able to brag about how much they are helping.
https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
post 1640585673 06-10-2021, 10:17 AM
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#43
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hate to interrupt the important semantics conversation, but true inflation:

Make Europe Germany Again
post 1640586423 06-10-2021, 10:28 AM
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#44
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Jfl at when everyone gets their annual raise next year and it’s only 3% when inflation yoy is at 8%.

And this is why boys and girls why there needs to be a law that ties everyone’s wage to inflation. A true raise is inflation% + merit increase%.
post 1640587263 06-10-2021, 10:40 AM
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#45
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Originally Posted By lockdev⏩
One of these benefits the wealthy.

The other benefits the wealthy.

If you thinking giving some poorcel $4000 in printed cash is actually helping them in the long run, you'd be so wrong. Inflation pisses that $4000 down the drain over the long run in real terms.

Poorcel wages change insignificantly over the years. Inflation erodes the spending power of the little amount of money they make.

To put it into perspective, wages for poorcells hovered around $7-$10 twenty fuarking years ago. It's around $10-$12 today. Meanwhile, rents were $400-$600. Today, those same rents are $900-$1300. Printing money is never a good long term strategy, but our Fed can't seem to get enough of it.

They're the same thing with a different name brah.
That's the whole point of the strategy, to keep the poor cuck plebs poor while the elite oligarchs keep getting richer



ayyyyy lmao
post 1640593613 06-10-2021, 11:46 AM
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Originally Posted By suave2000⏩
That's the whole point of the strategy, to keep the poor cuck plebs poor while the elite oligarchs keep getting richer

ayyyyy lmao
I think the mentioned oligarchs have realized that they can basically get away with whatever they want and the population will not push back.

Bread and circus.

Chit will likely not change until people start going hungry.
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post 1640593853 06-10-2021, 11:50 AM
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#47
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Originally Posted By lockdev⏩
One of these benefits the wealthy.

The other benefits the wealthy.

If you thinking giving some poorcel $4000 in printed cash is actually helping them in the long run, you'd be so wrong. Inflation pisses that $4000 down the drain over the long run in real terms.

Poorcel wages change insignificantly over the years. Inflation erodes the spending power of the little amount of money they make.

To put it into perspective, wages for poorcells hovered around $7-$10 twenty fuarking years ago. It's around $10-$12 today. Meanwhile, rents were $400-$600. Today, those same rents are $900-$1300. Printing money is never a good long term strategy, but our Fed can't seem to get enough of it.

They're the same thing with a different name brah.
What this does, is promote job hopping. Unless significant bonuses or annual raises are given, the employee will be forced to hop to another job to keep getting paid market rate.

This can be very problematic for companies if they don’t have a leadership bench built and a way to keep those high potential employees from leaving.
post 1640595033 06-10-2021, 12:05 PM
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Originally Posted By MuscleXtreme⏩
Jfl at when everyone gets their annual raise next year and it’s only 3% when inflation yoy is at 8%.

And this is why boys and girls why there needs to be a law that ties everyone’s wage to inflation. A true raise is inflation% + merit increase%.
Just raise wages! Why didn't anyone think of that!
https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
post 1640595233 06-10-2021, 12:09 PM
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#49
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record number of people quitting their jobs, switching usually means a 15% wagie gain.
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post 1640595813 06-10-2021, 12:16 PM
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#50
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Originally Posted By lockdev⏩
I think the mentioned oligarchs have realized that they can basically get away with whatever they want and the population will not push back.

Bread and circus.

Chit will likely not change until people start going hungry.
brb



imagine Elon cuck or bezos cuck in it hhhhhnnggggg
post 1640596893 06-10-2021, 12:30 PM
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#51
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[QUOTE=suave2000 post_id=1640595813]brb

[Img]https://www.theparisreview.org/blog/wp-content/uploads/2018/04/576cb32f05aae_louisette.jpg[/]

imagine Elon cuck or bezos cuck in it hhhhhnnggggg[/QUOTE]Fukc the corporations, this is the fault of politicians and their retarded constituents.
https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
post 1640597003 06-10-2021, 12:31 PM
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#52
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Originally Posted By BulkingIsHard⏩
Fukc the corporations, this is the fault of politicians and their retarded constituents.
This. I never understood people foaming at the mouth about corporations. It's the politicians.
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post 1640597423 06-10-2021, 12:36 PM
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#53
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Originally Posted By twovalvekid⏩
This. I never understood people foaming at the mouth about corporations. It's the politicians.
I will never understand how amazon has avoided paying federal taxes for 2 years in fact they RECEIVED 129 million back in tax returns... so insane to me lmao and I know deep down its the politicians but people will scream and shout how its Bezos and such but they never read the article only the headlines, in 2019 they finally ponied up some money for taxes but barely like 1/32nd of the companies worth lol.
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post 1640597473 06-10-2021, 12:37 PM
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#54
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Originally Posted By BulkingIsHard⏩
Fukc the corporations, this is the fault of politicians and their retarded constituents.
Lets not act like crony capitalism isnt an issue with this too, they stifle competition with government sanctioned monopolies (regulations). When a company makes a mistake they look to john Q public to foot the bill while they skate away with profits over the years. Plenty enough blame to go around and some directed at corporations is justified. This is coming from a free market libertarian.
post 1640597883 06-10-2021, 12:42 PM
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#55
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Originally Posted By Steveyblack⏩
Lets not act like crony capitalism isnt an issue with this too, they stifle competition with government sanctioned monopolies (regulations). When a company makes a mistake they look to john Q public to foot the bill while they skate away with profits over the years. Plenty enough blame to go around and some directed at corporations is justified. This is coming from a free market libertarian.
The corporation's job is to make money, not ensure competitive market conditions. Crony Capitalism is purely the fault of government.
https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
post 1640598953 06-10-2021, 12:54 PM
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#56
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Inflation is subtle way to keep people enslaved and working forever

Without inflation someone could easily work hard for 10-20 years put away a million and retire
With inflation that million is worth less and less every second
Plant the trees in whose shade your grandchildren will play
post 1640599033 06-10-2021, 12:55 PM
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#57
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Originally Posted By twovalvekid⏩
This. I never understood people foaming at the mouth about corporations. It's the politicians.
Politicians and megacorps are business partners. They both get fat benefits from their parasitical relationship while the plebs get bent. Phuck em both
post 1640599193 06-10-2021, 12:58 PM
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#58
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Originally Posted By BulkingIsHard⏩
The corporation's job is to make money, not ensure competitive market conditions. Crony Capitalism is purely the fault of government.
Originally Posted By Steveyblack⏩
Lets not act like crony capitalism isnt an issue with this too, they stifle competition with government sanctioned monopolies (regulations). When a company makes a mistake they look to john Q public to foot the bill while they skate away with profits over the years. Plenty enough blame to go around and some directed at corporations is justified. This is coming from a free market libertarian.
They go hand in hand. Megacorps grease politician's elbows with donations and overcompensated "advisor" roles once they live office in exchange for political benefits. Both parties are in the wrong here so we should wrek em both
post 1640602013 06-10-2021, 01:33 PM
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#59
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ITT Everyone blames politicians but continues to vote for candidates that put corporate interests over the public. The Tax Cut and Jobs Act is a huge win for corporate interests and the majority of the MISC is right leaning.
post 1640603483 06-10-2021, 01:58 PM
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Originally Posted By twovalvekid⏩
This. I never understood people foaming at the mouth about corporations. It's the politicians.
It's due to crony capitalism.

True capitalism promotes fair and free competition and allows the market to rule.

We have crony capitalism in this country, where politicians allow monopolies to exist, stifle competition through asinine laws, enforce gatekeeper regulations(FCC is one of the worst offenders), give select companies handouts(mainly banks), and various other things.

Let's not act like the corporations here are not to blame as well. Blaming the nature of corporations is living in an idealistic world where people are not responsible for their actions but a victim of their environment. That's no better than liberal philosophies. While it's not their job ensure fair competition, bribing politicians or lobbying for unfair competition in the name of their own profit should never be acceptable behavior, yet it goes on frequently in the name of "capitalism".
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