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Forum » Inflation Sucks. B of A: Highest Possible Transitory; Highest On Record Persistent
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Thread: Inflation Sucks. B of A: Highest Possible Transitory; Highest On Record Persistent

post 1645766813 08-26-2021, 11:24 AM
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  1. katya422
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Inflation Sucks. B of A: Highest Possible Transitory; Highest On Record Persistent

I know some miscers browse zerohedge. I did back around 07-08. Just recently peeked in there again.

Fast-forward to today when the latest BofA reading of both transitory and persistent inflation meters, showed what everyone already knew: both series hit record highs, with Transitory inflation at the highest possible reading of 100, while the sticky "Persistent" inflation rose from 75 to 90, which while also the highest on record, still has some more upside to go.
https://www.zerohedge.com/markets/on...ew-record-high

What has really caught my personal attention is grocery prices. Just this week went to get a can of corn and saw it priced at $1.79. Just a regular can of corn. Yesterday I went to get a bag of egg noodles...$2.99. It seems like a lot of very ordinary grocery staples have jumped in price by up to 1/3rd in a short time.
According to Bloomberg, some of the largest U.S. food distributors are "reporting difficulties in fulfilling orders as a lack of workers weighs on the supply chain." Take distribution giant Sysco, North America’s largest wholesale food distributor, which is turning away customers in some areas where demand is exceeding capacity.

Worse, food inflation is about to soar: the company said prices for key goods such as chicken, pork and paper products for takeout packaging are climbing amid tight supplies. In particular, production has slowed for high-demand, labor-intensive cuts like bacon, ribs, wings and tenders, Sysco said. And if intermediate and final wholesale prices are "rising", just wait until they emerge on the consumer side.
https://www.zerohedge.com/markets/la...shock-imminent

Seems like something has to give.
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post 1645767133 08-26-2021, 11:30 AM
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printing trillions of dollars has consequences
as does paying people to sit on their ass
and importing brown ppl for votes and paying them to sit on their ass
as does paying low iq ppl to reproduce for decades
as does squeezing your middle class dry every chance you get, to the point they are literally disappearing
while moving production to other countries

merica is done
post 1645767643 08-26-2021, 11:36 AM
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  1. gainztrain818
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But Biden and the left says workers are waiting for ‘the right job’

All this while Jerome Powell monetizes all the US debt and all government programs.


Something WILL give.
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post 1645768143 08-26-2021, 11:43 AM
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  1. HMFIC_BROWSIN
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that's why you buy stonks.

you ride the inflation.

lmao @ being mad because your $1000 checking account is worth less today than it was yesterday.... that's on YOU.
post 1645768463 08-26-2021, 11:47 AM
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Originally Posted By HMFIC_BROWSIN⏩
that's why you buy stonks.

you ride the inflation.

lmao @ being mad because your $1000 checking account is worth less today than it was yesterday.... that's on YOU.
Stocks, real estate, and/or own a business that sells a product/service in demand

Cash is phucked.
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post 1645768723 08-26-2021, 11:51 AM
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have yet to hear someone say "i cant afford this can of corn"




sent from $1000 iPhone
post 1645769093 08-26-2021, 11:57 AM
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  1. katya422
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Originally Posted By Lefticle⏩
Stocks, real estate, and/or own a business that sells a product/service in demand

Cash is phucked.
Seems like.
Originally Posted By Sterilite⏩
have yet to hear someone say "i cant afford this can of corn"




sent from $1000 iPhone
Well I didn't buy any. Make of that what you will.
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post 1645769173 08-26-2021, 11:59 AM
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Went to the grocery store n bought food for only 3 days, total was about $130. I think I just might become anorexic.
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post 1645769783 08-26-2021, 12:06 PM
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I don't believe the way inflation is tracked is efficient. Comparing prices to a basket of goods leaves gaps in the model.

For instance "shrinkflation" is real. Companies simply reduce the amount you recieve without changing much else (bag of chips 1/4 full). Also how much more effective has the company gotten in production? Has inflation eaten away at the gains we should all be benefitting from?

I am behind the curve a bit when it comes to this topic. I came across this awhile ago.

https://1729.com/inflation/

I was going to enter, mostly because I wanted to dive deep into this world of fiat ****ery, but I didn't have time. I'm interested to see how the winner solved the technical problems and what the data will tell us / how it compares to official sources.
post 1645771703 08-26-2021, 12:26 PM
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This is all thanks to the spineless branch covidian doomer fukers.

Literally ruined the economy and gave politicians an excuse to print trillions.

If people wouldve looked at data, had common sense, and said "fuk your covid" bullchit, we couldve been back to normal in may 2020.

Literally nothing has changed data wise, back then we knew it was fat and old people getting sick
post 1645771813 08-26-2021, 12:28 PM
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  1. katya422
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Originally Posted By entropy91⏩
I don't believe the way inflation is tracked is efficient. Comparing prices to a basket of goods leaves gaps in the model.

For instance "shrinkflation" is real. Companies simply reduce the amount you recieve without changing much else (bag of chips 1/4 full). Also how much more effective has the company gotten in production? Has inflation eaten away at the gains we should all be benefitting from?

I am behind the curve a bit when it comes to this topic. I came across this awhile ago.

https://1729.com/inflation/

I was going to enter, mostly because I wanted to dive deep into this world of fiat ****ery, but I didn't have time. I'm interested to see how the winner solved the technical problems and what the data will tell us / how it compares to official sources.
In the US it is known that the government fiddles around with what they measure to keep the official inflation number lower than it would probably be if reported honestly.

Added a graph to the first post- that vertical though.
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post 1645772233 08-26-2021, 12:33 PM
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It will be followed by a bubble bursting and a yuuge chitload of deflation.

Then the fed will come in and say we need to inject the economy with 5 times the amount of cash than what the entire economy is worth.
post 1645773213 08-26-2021, 12:43 PM
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Everyone I know has complained about inflation at grocery stores. Hope Biden doesn't spend even more money making inflation worse.

Saw Procter and Gamble plans to raise prices on their products next month.

"Procter & Gamble will raise prices in September"

https://www.cnbc.com/2021/04/20/proc...ity-costs.html
post 1645773313 08-26-2021, 12:44 PM
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imagine being a retard thinking inflation is just temporary.

and they wanna print 3 trillion more.
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post 1645773583 08-26-2021, 12:47 PM
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Scared to do anything with my money because the whole society looks like a flimsy house of cards lately. Frightening times.
post 1645774143 08-26-2021, 12:52 PM
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Originally Posted By IPoopStandingUp⏩
Scared to do anything with my money because the whole society looks like a flimsy house of cards lately. Frightening times.
If you are keeping that money in US dollars I've got bad news.
post 1645775163 08-26-2021, 01:02 PM
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  1. gainztrain818
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Originally Posted By leafs43⏩
It will be followed by a bubble bursting and a yuuge chitload of deflation.

Then the fed will come in and say we need to inject the economy with 5 times the amount of cash than what the entire economy is worth.
Pretty much....the Fed is never going to really taper...it's all a fcking illusion.

This explains why the market is still grinding out new record highs - they're calling Jpow's bluff and pricing it all in.

This sht will get 10000% more autistic before it blows up........anyone still hoarding cash is a fcking idiot.
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post 1645775363 08-26-2021, 01:05 PM
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  1. entropy91
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Originally Posted By katya422⏩
In the US it is known that the government fiddles around with what they measure to keep the official inflation number lower than it would probably be if reported honestly.

Added a graph to the first post- that vertical though.
What do u do for work?
post 1645775453 08-26-2021, 01:06 PM
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Originally Posted By gainztrain818⏩
Pretty much....the Fed is never going to really taper...it's all a fcking illusion.

This explains why the market is still grinding out new record highs - they're calling Jpow's bluff and pricing it all in.

This sht will get 10000% more autistic before it blows up........anyone still hoarding cash is a fcking idiot.
Bitcoin go brrrrrr
post 1645775713 08-26-2021, 01:10 PM
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Originally Posted By entropy91⏩
I don't believe the way inflation is tracked is efficient. Comparing prices to a basket of goods leaves gaps in the model.

For instance "shrinkflation" is real. Companies simply reduce the amount you recieve without changing much else (bag of chips 1/4 full). Also how much more effective has the company gotten in production? Has inflation eaten away at the gains we should all be benefitting from?
It can extend way beyond that as well, right down to qualify of ingredients used. Call me crazy but I noticed a decline in the quality of many processed goods a while after COVID hit, and I'd expect that if companies are trying to deliver products while maintaining profit margins despite additional costs from COVID stuff.

We can look at this on the service side too where we're dealing with reduced quality of service and other burdens without a corresponding price decrease -- inflation has been happening for a while, just in those less transparent forms
post 1645776163 08-26-2021, 01:16 PM
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fuk off its you writing bollox that miscers latch on too believing it as gospel then it flys around the internet causing the exact problem your posting about
post 1645776383 08-26-2021, 01:19 PM
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  1. gainztrain818
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Originally Posted By entropy91⏩
Bitcoin go brrrrrr
Basically any risk asset will go brrrrrr

You can literally throw stocks in a hat and still come out ahead from the indeces in the short run.
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post 1645776973 08-26-2021, 01:26 PM
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Originally Posted By buwbs⏩
fuk off its you writing bollox that miscers latch on too believing it as gospel then it flys around the internet causing the exact problem your posting about
Your squealing is delicious.
post 1645777173 08-26-2021, 01:27 PM
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Originally Posted By gainztrain818⏩
Basically any risk asset will go brrrrrr

You can literally throw stocks in a hat and still come out ahead from the indeces in the short run.
I know.

Every mouthbreather is a trader or derivatives expert nowadays because line go up.
post 1645777523 08-26-2021, 01:31 PM
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Originally Posted By Destor⏩
It can extend way beyond that as well, right down to qualify of ingredients used. Call me crazy but I noticed a decline in the quality of many processed goods a while after COVID hit, and I'd expect that if companies are trying to deliver products while maintaining profit margins despite additional costs from COVID stuff.

We can look at this on the service side too where we're dealing with reduced quality of service and other burdens without a corresponding price decrease -- inflation has been happening for a while, just in those less transparent forms
I'm interested to see what the tipping point is. Hyperinflation is very psychological; what will be the last push for individuals to realize they're holding worthless paper?
post 1645777713 08-26-2021, 01:33 PM
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Why do you think Bills Gates bought up all that farm land. It's the next frontier. He'll control that and the one that controls the food supply will control the people.
post 1645778033 08-26-2021, 01:36 PM
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Originally Posted By buwbs⏩
fuk off its you writing bollox that miscers latch on too believing it as gospel then it flys around the internet causing the exact problem your posting about
mother****er go back to your country. youre not american. this is real life, we all see it. dont piss on me and tell me its raining you ****ing ****head
post 1645791993 08-26-2021, 04:43 PM
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Originally Posted By ParsleyTea⏩
Everyone I know has complained about inflation at grocery stores. Hope Biden doesn't spend even more money making inflation worse.

Saw Procter and Gamble plans to raise prices on their products next month.

"Procter & Gamble will raise prices in September"

https://www.cnbc.com/2021/04/20/proc...ity-costs.html
Sigh...

Also looks like I was pretty close on my guess that prices have increased by a third.
Whether at supermarkets, corner stores, or open-air markets, prices for food have been surging in much of the world, forcing families to make tough decisions about their diets. Meat is often the first to go, ceding space to less expensive proteins such as dairy, eggs, or beans. In some households, a glass of milk has become a luxury reserved only for children; fresh fruit, once deemed a necessity, is now a treat.

Food prices in July were up 31% from the same month last year, according to an index compiled by the United Nations’ Food and Agriculture Organization.
Originally Posted By entropy91⏩
What do u do for work?
Nothing at the moment. And no, not collecting unemployment. I've had some personal disruptions.

Once upon a time I worked as an exec admin to VPs at a security-broker dealer. Most recently I was making $12 an hour working a retail nursery [plants].
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post 1645792473 08-26-2021, 04:49 PM
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Originally Posted By Destor⏩
It can extend way beyond that as well, right down to qualify of ingredients used. Call me crazy but I noticed a decline in the quality of many processed goods a while after COVID hit, and I'd expect that if companies are trying to deliver products while maintaining profit margins despite additional costs from COVID stuff.

We can look at this on the service side too where we're dealing with reduced quality of service and other burdens without a corresponding price decrease -- inflation has been happening for a while, just in those less transparent forms
I noticed this with things like canned soup and frozen dinners; less "stuff" in the soup and smaller portions with less meat in the frozen dinners. I think that the already small meat portion decreased by a third to half and some varieties were discontinued. At the same time a lot more meatless entrees were added to product lines.
Originally Posted By buwbs⏩
fuk off its you writing bollox that miscers latch on too believing it as gospel then it flys around the internet causing the exact problem your posting about
Um, yeah, sure. My post somehow warped space and time and caused food prices to increase between June 2020 and June 2021.

Originally Posted By Midi77⏩
Why do you think Bills Gates bought up all that farm land. It's the next frontier. He'll control that and the one that controls the food supply will control the people.
This is a thing that is happening. And it has driven up land prices.
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post 1645792703 08-26-2021, 04:52 PM
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#30
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I'm looking at my portfolio trying to figure out where is a safe place to invest.

Fuk if I know.
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