The problem is the existing debt in the Treasury market. There is so much debt outstanding plus, still running 2 trillion/year deficits. Not to mention, Trump has alienated other countries, so they are not purchasing at the same rate. They are going to have to monetize the debt, which is highly inflationary. |
Yeah, again,, buy gold ETFs. TDS/Tesla guy doesn’t get what’s going on. Don’t listen to him. |
CNBC’s most recent rate is 2.7%–where are you getting YOUR news? |
I really don’t think you have the vaguest idea what things are inflationary vs deflationary. |
| Not sure why you think touting gold etfs is somehow anti “maga”? The Donald loves gold and benefits from the price going up ….. any investment product involves risk. People should know by now inflation data produced by the government is unreliable at best. If you know definitely whether inflation will go up or down you can make a lot of money with that information. |
No way it’s only 2.7%. My electricity is 19% year over year. Grocery stores are out of control. Amazon saved items keep correcting up. |
So you get your news from your personal vibes, got it. |
Believe what you want. |
OK sure, please elaborate specifically how I am wrong. |
| Here we go Don the con, bankrupting 90% of Americans and the US Treasury. |
DP, but anecdotal evidence is nevertheless still evidence and yes, it is even *data*. This kind of thing is useful in evaluating whether government press releases track with reality. The opposing viewpoint to this is "Government press releases regarding the economy are accurate, no matter who is in charge". Which is ridiculous. |
The PPI was much higher, like much much higher That is the wholesale index. What this means is, the price are going way up and the companies have not yet passed it on to consumers, which they will when they run out of inventory. But look around you, there are massive sales everywhere. Prices going up this high on some things, like furniture, is not sustainable. There are huge labor day sales bc the inventory is not moving. People cannot afford all the inflation at once, wages not keeping up. |
Valid point, but this is but one opposing force that will take a while to cycle through the economy. If the cost of goods and imports is going up, and the cost of labor is going down, companies are going to pass the cost increases on to consumers and pocket the profits from labor cost savings. Good news for stockholders (except for retail I guess), not for anyone else though. |
Maybe you didn’t notice when the fking BLS guy got fired for reporting you know the numbers. |
DP: Why would an anonymous comment change your political values and moral compass? |