General A thread to discuss and follow the incoming inflation bomb

Welcome to our Community
Wanting to join the rest of our members? Feel free to Sign Up today.
Sign up
D

Deleted member 1

Guest
thehill.com

Deutsche Bank issues dire economic warning for America

If the U.S. economy descends into an inflation spiral like that experienced after World War II, we could be on the brink of excruciating economic pain.
thehill.com thehill.com


On June 7, Deutsche Bank issued its first report of the new series, titled “Inflation: The defining macro story of this decade.”

According to the report, “US macro policy and, indeed, the very role of government in the economy, is undergoing its biggest shift in direction in 40 years. In turn we are concerned that it will bring about uncomfortable levels of inflation.”

That could be deemed an understatement considering that the U.S. economy is already experiencing “uncomfortable” inflation.

Consider: Based on the most recent inflation report from the U.S. Bureau of Labor Statistics, “In April, the Consumer Price Index for All Urban Consumers rose 0.8 percent on a seasonally adjusted basis; rising 4.2 percent over the last 12 months.”

An annual inflation rate of 4.2 percent is more than “uncomfortable.” But the looming threat of inflation seems to have fallen on deaf ears in Washington, D.C., over the past year, as Congress has supercharged spending to levels unseen since World War II.

As Deutsche Bank notes, “The current fiscal stimulus is more comparable with that seen around WWII. Then, US deficits remained between 15-30% for four years. While there are many significant differences between the pandemic and WWII we would note that annual inflation was 8.4%, 14.6% and 7.7% in 1946, 1947 and 1948 after the economy normalised and pent-up demand was released.”
Click to expand...
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,652
59,538
Bacon is up 13% this year.

Enough is enough!

FUCK BIDEN!!!
AND FUCK YOU FOR VOTING FOR HIM!!!
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,652
59,538
RussfromNH said:
At least he's not tweeting
That's what really matters
Click to expand...
He doesn't have Twitter on his phone. All he has is that one Mexican song - because you know he listens to that tune ALL THE TIME.
 
ThatOneDude

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,114
Let Love Lead said:
Stupid president, setting the price of bacon too high
Click to expand...
Wright started to cut their bacon thinner during the pandemic. I'll never buy from them again. Wright bacon is not for the poors, let them get other bacon.
 
BeardOfKnowledge

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
60,719
56,226
ThatOneDude

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,114
JorgeMasvidalsBeard said:
I hate to break it to you, but that's shit bacon, bruv. Especially if they sell it as thick cut. Find a butcher that makes it in house.
Click to expand...
Bruh, it used to be good bacon, it no longer is, and it's why we get bacon from the meat counter now.
 
D

Deleted member 1

Guest
JorgeMasvidalsBeard said:
www.wsj.com

Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

Prices have dropped from record highs spurred by the economic reopening, potentially pointing to an eventual return to normalcy.
www.wsj.com www.wsj.com


@Splinty Hauler @Hauler
Click to expand...

So exactly what Hauler @Hauler said

An article conflating futures and prices.
And...

Even after tumbling, lumber futures remain nearly three times what is typical for this time of year. Lumber producers and traders expect that prices will remain relatively high due to the strong housing market, but that the supply bottlenecks and frenzied buying that characterized the economy’s reopening and sent prices to multiples of the old all-time highs are winding down.
Click to expand...
You: they'll be back to normal curve by this time 2022.

Us: they will moderate but we aren't crashing due to significant demand that will continue keep prices well above prepandemic curves.

Don't try to coopt our message.
 
BeardOfKnowledge

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
60,719
56,226
ThatOneDude said:
Bruh, it used to be good bacon, it no longer is, and it's why we get bacon from the meat counter now.
Click to expand...
There's a butcher shop in town that does bacon in house. I tried it from there a while back and realized what a sham commercial bacon is.

Big bacon: "Hey, we can make more money if we just give them fat with no meat."
Customers: "Why does this burn instantly?"
Big Bacon: "I give you, "Thick cut bacon"
 
You must log in or register to reply here.
Top Bottom