Inflation Is Under Control, Aside From All This Inflation

Started by rcjordan, April 15, 2021, 04:58:11 PM

Previous topic - Next topic
Print
Go Down Pages 1 2 3 4
User actions

Rupert

#45
February 23, 2022, 09:32:52 PM
A friend was just quoted 11% on a business van (Vauxhall)  .  He borrowed the money on a personal loan, at 2.5%

But the 11% quote shocked me.
... Make sure you live before you die.

rcjordan

#46
February 23, 2022, 09:42:10 PM
>11% quote shocked me

That was my mortgage rate on our new home in 1977. 

>11%

Good! I need to make some money!

rcjordan

#47
February 25, 2022, 04:19:23 PM
>In Europe Gas and oil is just going up again... cause.... Russia.

Ukraine's invasion underscores Europe's reliance on Russian fossil fuels | MIT Technology Review
https://www.technologyreview.com/2022/02/23/1046429/how-the-ukraine-invasion-could-accelerate-europes-clean-energy-shift

rcjordan

#48
March 04, 2022, 12:19:09 AM

rcjordan

#49
April 12, 2022, 05:58:11 PM
Red-Hot Inflation Gets Even Hotter
https://www.newser.com/story/319233/red-hot-inflation-gets-even-hotter.html


related: The US official inflation rate is bastardized by cherry-picking the shopping cart of goods whose prices are polled.  Truflation.com is an award-winning project to reconfigure the CPI without political bias.  In January 2022, Truflation was 11.4% IIRC, my feeds said the current annual TF rate is 13%.

rcjordan

#50
June 10, 2022, 01:06:03 PM
Time for the Fed to release the Kracken....

Inflation accelerated in May to the fastest pace in 41 years

US CPI Inflation Gains to 8.6% in May, Exceeding Estimates
https://www.businessinsider.com/inflation-report-cpi-may-gas-prices-federal-reserve-rate-hikes-2022-6

-----------------------
On Aug. 15, 1971, in a nationally televised address, President Nixon announced, "I am today ordering a freeze on all prices and wages throughout the United States."

After a 90‐​day freeze, increases would have to be approved by a "Pay Board" and a "Price Commission," with an eye toward eventually lifting controls — conveniently, after the 1972 election.
-----------------------
Having lived through the 70s as a young adult, you can understand why Debbie is a little cynical when the goverment say inflation is 'under control.'

Brad

#51
June 10, 2022, 02:45:46 PM
> cynical

Same here.

I remember the Nixon price controls - they didn't work.

rcjordan

#52
June 10, 2022, 05:22:25 PM
2007 article makes for déjà vu re gas & oil:


History 101: Price controls don't work – Chicago Tribune
https://www.chicagotribune.com/news/ct-xpm-2007-06-07-0706061080-story.html

ergophobe

#53
June 10, 2022, 11:29:12 PM
>> Nixon price controls

They worked as well as Ford buttons. Remember those?

rcjordan

#54
July 16, 2022, 02:13:55 PM
>Though my dad would not speculate on the stock market he would bet the ranch on copper pipe and copper wire.  When copper prices bottomed out truckloads of pipe & wire would start arriving at the wholesale business.  We'd have pallets & bundles of it stacked everywhere.

Copper Prices Fall Lowest in 20 Months. This Miner Just Warned of Earnings Hit. | Barron's
https://www.barrons.com/articles/copper-prices-lowest-rio-tinto-51657880310

Harbinger of recession.  Buckle up.

rcjordan

#56
October 14, 2022, 02:09:54 AM
October: Fed seen ramping up interest-rate hikes as inflation burns hot

rcjordan

#58
April 19, 2023, 10:20:51 PM
Print
Go Up Pages 1 2 3 4
User actions