General A thread to discuss and follow the incoming inflation bomb

[member 1013]

I enjoy reports like that that highlight neglected parts of the economy. What is your central bank currently doing with interest rates?

Timing of Bank of Canada's rates lift-off on knife's edge; Jan. 26 hike possible

The Bank of Canada will raise interest rates earlier than was thought a month ago, with only a slim majority of economists polled by Reuters expecting it to wait until the second quarter and a handful now expecting a hike on Jan. 26. Other major central banks, including the Federal Reserve and...

ca.finance.yahoo.com

 

[member 1013]

And the show goes on

Bank of Canada maintains policy rate, removes exceptional forward guidance

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %.

www.bankofcanada.ca

 

[The Big Guy]

 

[Shinkicker]

 

[member 1013]

@Splinty @kneeblock @Hauler thoughts?

Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982

The consumer price index was expected to increase 7.2% from a year ago, according to a Dow Jones economist survey.

www.cnbc.com

if it’s anything like Canada and how we calculate it most people’s actual expenses have increased 20-30 percent.

But is it, and have they?!

 

[Hauler]

@Splinty @kneeblock @Hauler thoughts?

Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982

The consumer price index was expected to increase 7.2% from a year ago, according to a Dow Jones economist survey.

www.cnbc.com

I know I'm shocked. I never predicted this. I certainly didn't predict it 30+ times over and over on this forum.

 

[member 1013]

I know I'm shocked. I never predicted this. I certainly didn't predict it 30+ times over and over on this forum.

No, you did not.

fucking idiot!

 

[member 1013]

@Hauler how much do you think the average household’s expenses has risen?

 

[La Paix]

@Hauler how much do you think the average household’s expenses has risen?

I haven’t read all of this thread but I’m gonna guess 20-30%.

 

[Hauler]

@Hauler how much do you think the average household’s expenses has risen?

Don't know. If you include gas for driving around - I'd say maybe 15%.

 

[kneeblock]

@Splinty @kneeblock @Hauler thoughts?

Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982

The consumer price index was expected to increase 7.2% from a year ago, according to a Dow Jones economist survey.

www.cnbc.com

if it’s anything like Canada and how we calculate it most people’s actual expenses have increased 20-30 percent.

But is it, and have they?!

Sounds like we need government price controls.

 

[member 1013]

Sounds like we need government price controls.

I think we are at the point where it’s just gonna burn and heads will fly

ima YEET away to South America

 

[member 1013]

I think we are at the point where it’s just gonna burn and heads will fly

ima YEET away to South America

I just learned the new hip saying “YEET” guys

 

[Hauler]

I just learned the new hip saying “YEET” guys

I wanna play. What's it mean?

 

[member 1013]

https://www.cbc.ca/news/business/canada-inflation-january-1.6353464

Canada's inflation rate hit 5.1 per cent in January, its highest level since 1991.

Statistics Canada reported Wednesday that if volatile items, like food and energy, are stripped out of the numbers, the cost of living went up at a pace of 4.3 per cent. But even that toned-down figure is the highest dating back to 1999.

 

[member 1013]

https://www.cbc.ca/news/business/canada-inflation-january-1.6353464

Canada's inflation rate hit 5.1 per cent in January, its highest level since 1991.

Statistics Canada reported Wednesday that if volatile items, like food and energy, are stripped out of the numbers, the cost of living went up at a pace of 4.3 per cent. But even that toned-down figure is the highest dating back to 1999.

Canada M2 money supply has exploded:

Canada Money Supply M2 - January 2022 Data - 1968-2021 Historical - February Forecast

The Bank of Canada balance sheet shows it has bough the entirety of the federal deficits since 2020, creating the above explosion in money supply.

Bank of Canada assets and liabilities: Weekly (formerly B2)

The PBO testified that in 2020 and 2021, the government has had 176 billions of new spending unrelated to covid:


View: https://www.youtube.com/watch?v=uw5FXcDLQAs

 

[gangsterkathryn]

I wanna play. What's it mean?

It can mean to enthusiastically throw (can he hit, just the act of pushing an object away forcefully) something (ex. I just yeeted that ball over the fence)
Or
To move quickly out of something (ex. ima YEET away to South America)
Or
Just an exclamation. (ex. YEET!)

Source : 10 year old that plays fortnite and uses YEET all three ways.

 

[Hauler]

It can mean to enthusiastically throw (can he hit, just the act of pushing an object away forcefully) something (ex. I just yeeted that ball over the fence)
Or
To move quickly out of something (ex. ima YEET away to South America)
Or
Just an exclamation. (ex. YEET!)

Source : 10 year old that plays fortnite and uses YEET all three ways.

My niece was over for the Super Bowl and was using the word "bussin". I proceeded to annoy the piss out of her by using the term incessantly to describe everything.

 

[BeardOfKnowledge]

My niece was over for the Super Bowl and was using the word "bussin". I proceeded to annoy the piss out of her by using the term incessantly to describe everything.

Did you hit her with some of the references of your youth like "skullduggery" and "tomfoolery" ?

 

[member 1013]

Did you hit her with some of the references of your youth like "skullduggery" and "tomfoolery" ?

“You young whippersnippers think your slang is the bees knees!”

 

[Hauler]

“You young whippersnippers think you’ll slang is the bees knees!”

 

[gangsterkathryn]

My niece was over for the Super Bowl and was using the word "bussin". I proceeded to annoy the piss out of her by using the term incessantly to describe everything.

Bussin’ just means it’s really good.

 

[Hauler]

Did you hit her with some of the references of your youth like "skullduggery" and "tomfoolery" ?

This response was bussin.

 

[Hauler]

Bussin’ just means it’s really good.

I was using the term in proper context.

 

[member 1013]

This response was bussin.