Raging inflation. Go figure.

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    • #4857
      AvatarMick
      Participant

      I can’t believe it. Who would have imagine that shut-down economy, salting away of income at the highest rate in generations and a post-pandemic economy would result in inflation?

      BTW, the most interesting part of this story is what is not said — that inflation in many areas is rising at 25%, 50% and 100%.

      https://www.cnbc.com/2021/06/14/americans-inflation-fears-reach-a-new-high-after-consumer-prices-jump.html

      The Fed will raise interest rates, “unexpectedly.”

      https://www.wsj.com/articles/fed-officials-could-pencil-in-earlier-rate-increase-at-meeting-11623663001

      • This topic was modified 1 month, 2 weeks ago by AvatarMick.
    • #4859
      LegendLegend
      Keymaster

      Rates need to rise, and by a lot.  Too much free money out there.

       

      ____________________________________________________________
      Sic transit gloria mundi (so shut up and get back to work)

    • #4863
      LegendLegend
      Keymaster

      The fed just signaled that rates will rise…

       

      …in late 2023.  How the hell do they know?

       

      It sure looks like the fed is more and more political.  No rate changes until the republicans retake the house and solidify the senate…then we’ll raise rates… just like last time.

      ____________________________________________________________
      Sic transit gloria mundi (so shut up and get back to work)

      • #4864
        AvatarNeodymium60
        Participant

        What’s the cost of debt at 2% by 2023?   Where is this going to come from?   Look at actual unemployed and not in labor force below.   Pretty grim.

        Then try to imagine one more lockdown.  Kaput.

        https://www.usdebtclock.org/

        • This reply was modified 1 month, 2 weeks ago by AvatarNeodymium60.
    • #4924
      AvatarMick
      Participant

      I’ve always wondered what would happen if the Fed just kept rates low during raging inflation.  Guess we’ll find out.

    • #4957
      Avatarrogpodge
      Participant

      Highest Annual Inflation since 2008

      This blog does a good job of aggregating and analyzing the information.  It also provides “misery index” (unemployment + inflation) and predictions based on various factors (and the Fed’s actions).

      Of interest, the current inflation trend is outpacing even the most extreme inflation scenario.  YET THE FED WANTS TO HOLD RATES LOW.

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