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Message
re: Fed hides weekly M1 supply, says "money doesn't matter"
Posted on 4/8/21 at 6:38 am to Strannix
Posted on 4/8/21 at 6:38 am to Strannix
quote:
Powell added that “the correlation between different aggregates [like] M2 and inflation is just very, very low, and you see that now where inflation is at 1.4% for this year. Inflation dynamics evolve over time, but they don’t tend to change overnight.”
He’s not wrong. Are you suggesting he is?
You need actual velocity of money to trigger traditional inflation, and then you need that velocity to be maintained for it to be long lasting inflation.
People have been worrying about runaway inflation since 2009 and it simply hasn’t even come close to materializing in this country.
11
Posted on 4/8/21 at 6:42 am to slackster
quote:
trigger traditional inflation, and then you need that velocity to be maintained for it to be long lasting inflation.
it's quite amusing you think there's an actual correct way to calculate inflation in the first place when the models are constantly changing
I swear people's minds on fiat is a disease
Posted on 4/8/21 at 6:58 am to slackster
quote:
People have been worrying about runaway inflation since 2009 and it simply hasn’t even come close to materializing in this country.
if the underlying fundamentals would predict inflation and it hasn't happened over this decade-ish period, you have to ask, "why not?"
are we living in a neo-economy where traditional fundamentals no longer exist? if so, what is the extent of our society's ability to exist on fake/printed money?
is there massive inflation, just not across the board?
is there actual inflation, just inflation over deflating assets?
etc.
Posted on 4/8/21 at 6:59 am to slackster
quote:
He’s not wrong. Are you suggesting he is?
Posted on 4/8/21 at 7:39 am to slackster
quote:
People have been worrying about runaway inflation since 2009 and it simply hasn’t even come close to materializing in this country.
In terms of CPI? No. In terms of housing and the stock market, absolutely it has.
Asset class inflation like this only serves to increase wealth inequality and in my view it absolutely does reduce faith in the USD, which will reduce the demand for treasury bonds, which will create a positive feedback loop in which our ability to raise capital comes more from the creation of money rather than the borrowing of it, which will absolutely eventually be an inflationary risk.
Posted on 4/8/21 at 8:32 am to slackster
quote:If it isn't inflation, what do we call the increase in price of the following over the past decade:
slackster
Food
Housing
Medical costs
Education
Memorabilia
Childcare
And more recently:
Commodities
Posted on 4/8/21 at 8:33 am to slackster
quote:
He’s not wrong. Are you suggesting he is?
Then what dictates $1.2T spending bill or $4.5T spending bill? Why not $100T? Why doesn’t the gvt just give half the country $1m a year?
Posted on 4/9/21 at 12:39 pm to slackster
Look at a few professions average salary percentage increases for the past 10 years.
2010 RN - 67000/yr ave
2021 RN - 77500/yr ave
2010 S&P500 SPY at $120-$130
2021 S&P500 SPY at $410
The worker is getting crushed
2010 RN - 67000/yr ave
2021 RN - 77500/yr ave
2010 S&P500 SPY at $120-$130
2021 S&P500 SPY at $410
The worker is getting crushed
Posted on 5/5/21 at 7:36 am to slackster
quote:
He’s not wrong. Are you suggesting he is?
You need actual velocity of money to trigger traditional inflation, and then you need that velocity to be maintained for it to be long lasting inflation.
People have been worrying about runaway inflation since 2009 and it simply hasn’t even come close to materializing in this country.
I can't imagine how low one's IQ needs to be to think that printing 10 trillion dollars wouldn't have severe consequences. Its materializing now
Posted on 9/15/21 at 1:13 pm to slackster
quote:
People have been worrying about runaway inflation since 2009 and it simply hasn’t even come close to materializing in this country.
Mmhmm
Posted on 2/15/22 at 2:10 pm to slackster
Please tell that to my grocery store!
Posted on 7/13/22 at 3:09 pm to slackster
quote:
He’s not wrong. Are you suggesting he is?
You need actual velocity of money to trigger traditional inflation, and then you need that velocity to be maintained for it to be long lasting inflation.
People have been worrying about runaway inflation since 2009 and it simply hasn’t even come close to materializing in this country.
Clown
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