General A thread to discuss and follow the incoming inflation bomb

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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.”
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Hauler

Hauler

Been fallin so long it's like gravitys gone
Bacon is up 13% this year.

Enough is enough!

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

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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
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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.
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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
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.
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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"
 
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