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Message
re: Inflation
Posted on 4/3/21 at 11:15 am to CDawson
Posted on 4/3/21 at 11:15 am to CDawson
There was an article on Zero Hedge last week discussing the rapid rise in real estate pricing. Homes are being purchased at far above the ask, and the inference was that sellers are making a killing when you compare what they bought it for to what they are selling it for.
My thoughts were “the killing ain’t so great when you’re being paid in dollars diluted by money printing”
If you bought a house in 2011 for $720,000, and sold it today for $1,000,000, you gained nothing in real value.
My thoughts were “the killing ain’t so great when you’re being paid in dollars diluted by money printing”
If you bought a house in 2011 for $720,000, and sold it today for $1,000,000, you gained nothing in real value.
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Posted on 4/3/21 at 11:21 am to Rex Feral
quote:This isn’t you advisor’s fault, nor a comment on his capabilities... it comes from many economists... but... What an awful take. Taking comfort in “we’re just a weee bit better than everyone else is a loser attitude. Can you imagine Nick Saban sitting back and saying “we’re almost as terrible as LSU, aright. so... no practice today guys. Ice cream for everybody, aright!”
I was talking to an investment advisor who said it won't be that big of a deal since every other country is experiencing the same thing.
Even if our leaders believe this is a safe strategy (it isn’t!) think of the tremendous opportunities we are leaving behind.
Posted on 4/3/21 at 11:39 am to Rex Feral
Inflation is beginning to grip the economy already. Gas prices at the pump are up about 40% across the board. Commodity prices are rising each day. House prices are up about 20 % and the cost of new houses have risen by about 24,000 per house due to higher lumber prices.
The Rate on the 10 year bond has risen to almost 2 % from one-half percent as a result of inflationary pressures. Everything will cost more with fuel prices going up.
The Rate on the 10 year bond has risen to almost 2 % from one-half percent as a result of inflationary pressures. Everything will cost more with fuel prices going up.
Posted on 4/3/21 at 12:17 pm to Rex Feral
quote:
I was talking to an investment advisor who said it won't be that big of a deal since every other country is experiencing the same thing. Basically, the dollar will still be strong since everyone else is going down the shitter, too.
I agree. But at some point foreign investors that see us as the only safe option will try to start to look at other options. Many are already.
We have many bubbles going on right now, housing and stock market being major ones. If it weren't for the "everywhere is bad" piece they would have popped by now. So yes we aren't doing ourselves any favors with all these new bills spending trillions.
Which is probably the plan, and when it hits the goal....the rug will be pulled out and BOOM.
The big thing is our dollar being respected, and so much tied to it. That can be the pin that pops it.
Posted on 4/3/21 at 12:22 pm to Rex Feral
Question is did your advisor give you options on what to do if it were to?
It's a matter of time for it to happen, so having a plan to not lose it all is key. So if he just blew your concern off with that comment I'm not sure I'd keep him as your advisor. Id want one who can pivot with your account the morning it busts and not having you lose it all before you can get ahold of him.
It's a matter of time for it to happen, so having a plan to not lose it all is key. So if he just blew your concern off with that comment I'm not sure I'd keep him as your advisor. Id want one who can pivot with your account the morning it busts and not having you lose it all before you can get ahold of him.
Posted on 4/3/21 at 1:34 pm to CA Jones
Yes I too foresee inflation by doubling down on policies that directly lead to deflation/disinflation along with $100 trillion in healthcare outlays this decade not on the books 
Posted on 4/3/21 at 1:38 pm to CA Jones
It’s the first time I’ve noticed inflation in pricing. The jump was noticeable.
Posted on 4/3/21 at 1:40 pm to Lima Whiskey
Prices typically rise when you shut entire supply chains off via government fiat
Posted on 4/3/21 at 1:41 pm to Rex Feral
Just my opinion, but they will be able to stave off hyperinflation a few more times with rate magic tricks and bailouts, but it’s only going to make the fall worse.
It’s coming. May be this year or maybe in ten years, but it is undoubtedly coming and it’s going to be bad.
On the business cycle and boom/bust, the Austrians know what they are talking about.
It’s coming. May be this year or maybe in ten years, but it is undoubtedly coming and it’s going to be bad.
On the business cycle and boom/bust, the Austrians know what they are talking about.
Posted on 4/3/21 at 2:33 pm to Rex Feral
quote:
With all of the money being printed to buy votes, double digit inflation seems like it's only around the corner.
If inflation was caused simply by an increase in the money supply then we would have been in hyperinflation over the past few decades. You have to account for other variables like velocity and availability.
quote:
Basically, the dollar will still be strong since everyone else is going down the shitter, too.
Well he’s right. The US dollar’s strength is relative to other fiat currencies.
We’ll see inflation if the economy opens up and we see better employment. People getting back out and spending money will increase the velocity and you’ll start seeing consumer prices rise.
Posted on 4/3/21 at 2:44 pm to Rex Feral
DXY is going up. The whole world is printing money. As far as inflation, hold assets not cash
Posted on 4/3/21 at 3:25 pm to jimbeam
quote:Have useful skills. Assets only have value if others have real money to purchase them from you.
As far as inflation, hold assets not cash
Posted on 4/3/21 at 3:31 pm to BamaCoaster
Hard to say.
With these retards I don't know
Hillary did kill Gadaffi when he threatened to use his currency and Saddam was sent to his grave after he threatened the same.
We are being run now though by a bunch of limp wristed fairies more concerned with how diverse they are at the top with women/minorities (which is not terrible as long as it's chosen on merit) than they are with other global powers and their threats.
With these retards I don't know
Hillary did kill Gadaffi when he threatened to use his currency and Saddam was sent to his grave after he threatened the same.
We are being run now though by a bunch of limp wristed fairies more concerned with how diverse they are at the top with women/minorities (which is not terrible as long as it's chosen on merit) than they are with other global powers and their threats.
Posted on 4/3/21 at 4:20 pm to OccamsStubble
quote:
This is possible/likely:
The dollar can maintain its position if most/all other currencies are being debased by THEIR countries.
And, at the same time
The US Dollar, and other currencies, are experiencing high inflation and a manipulated CPI
People who have chosen to save, and using liquid and mobile methods (currencies), are being punished, losing 28% of their money every decade.
People who save via illiquid methods (land/real estate, businesses, etc) are being taxed to death for their choices
People saving via alternate currencies (PMs, TIPS) are seeing their savings manipulated by paper manipulation (PMs) or a fake CPI (TIPS)
People who save nothing are being rewarded with paying off debt with inflated dollars, and people who earn nothing are being rewarded with helicopter cash in exchange for their vote.
Great post worthy of a succinct summary........
We’re getting screwed and manipulated by Wall Street and a Global Banking Cabal.
Posted on 4/3/21 at 6:04 pm to Bass Tiger
A rep at Charles Schwab told me they expect inflation increase short term but then stabilize around 3-4%
Nothing like the 70s early 80s of 10%.
Nothing like the 70s early 80s of 10%.
Posted on 4/3/21 at 7:32 pm to Bass Tiger
quote:
Great post worthy of a succinct summary........
We’re getting screwed and manipulated by Wall Street and a Global Banking Cabal.
So, what do we do? Time the market is the only answer I see, and it’s not my nature. I have the opportunity to buy arable farm land, may go there.
Posted on 4/3/21 at 9:27 pm to CA Jones
South louisiana will see a slowdown in new homes being built. Too expensive right now for developers.
Posted on 4/3/21 at 9:29 pm to Rex Feral
quote:
I was talking to an investment advisor who said it won't be that big of a deal since every other country is experiencing the same thing. Basically, the dollar will still be strong since everyone else is going down the shitter, too.
If you’re talking about it being the reserve currency, then I could see the advisor’s point about it not being “that big of a deal.”
Global inflation is still inflation, and it still hurts the people trying to buy whatever it is that is increasing in price.
Posted on 4/3/21 at 9:34 pm to Rex Feral
quote:Definitely horse shite. It doesn't matter what the rest of the world is doing - if your wage isn't rising at the same rate as food, insurance, education, etc, its going to be a rough ride for lower/middle class.
I thought this was a load of horse shite. Do y'all have any thoughts?
Posted on 4/3/21 at 9:38 pm to OccamsStubble
quote:
People who save nothing are being rewarded with paying off debt with inflated dollars
The housing market agrees with you.
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