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re: Producer Price Index was up 9.6% in November, highest ever
Posted on 12/15/21 at 9:57 am to Bard
Posted on 12/15/21 at 9:57 am to Bard
quote:WTF!!
That's not hyperinflation, but it's going to be damned uncomfortable over the next year or so.
Hyperinflation is 3rd world stuff! Typically, an economy has to see an inflation rate of greater than 50% for at least a month before economists use the hyperinflation label.
This post was edited on 12/15/21 at 9:58 am
2
Posted on 12/15/21 at 10:23 am to coachcrisp
quote:
Hyperinflation is 3rd world stuff! Typically, an economy has to see an inflation rate of greater than 50% for at least a month before economists use the hyperinflation label.
Thus why I clearly stated that it's "not hyperinflation".
We haven't seen inflation like what we have now in a generation, much less the compounding of that with what's still to come will take us into the realm of not having seen it in generations. That will inevitably cause some to claim it as hyperinflation.
Posted on 12/15/21 at 7:38 pm to coachcrisp
OK… So we on our way to galloping inflation, and then to hyper-inflation. Too much liquidity, not enough production.
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