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Inflation

Posted on 1/14/22 at 3:24 pm
Posted by dovehunter
Baton Rouge
Member since Sep 2014
1697 posts
Posted on 1/14/22 at 3:24 pm
I’m not sure if this is Money Board or Political Talk material but my feeling is inflation is going to get worse and maybe much worse. Commodities which I have to buy in my business are up wildly. For example, sulfuric acid which is a commodity of all commodities is up DOUBLE since November. There are some technical reasons for part of the increase but overall this cost increase is unprecedented in the past 40 years.

This acid us used in almost any product you can imagine including fertilizer which effects food costs.

Any suggestions on how to navigate a super inflationary period because that’s what I see coming? I can’t see less than 10% inflation for the foreseeable future.
This post was edited on 1/14/22 at 3:26 pm
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/14/22 at 3:54 pm to
quote:

Any suggestions on how to navigate a super inflationary period


There’s a term for this, it’s called hyper-inflation.

quote:

that’s what I see coming? I can’t see less than 10% inflation for the foreseeable future.


A real Nostradamus over here. You’re about a year late to the party
Posted by dovehunter
Baton Rouge
Member since Sep 2014
1697 posts
Posted on 1/14/22 at 4:31 pm to
Well we see 7%+ inflation now documented. What do you see Harvard fan? What’s your plan? Is it short lived or long term? Are people gong to go back to work? Is the government going to continue to pay people to stay home?
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/14/22 at 4:49 pm to
Idk what to tell you, many on this board and other places have been shouting to the 4 winds about inflation since Dec/Jan. I bought some properties at the lowest interest rates in modern history. Only a fool would’ve passed that up.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 1/14/22 at 4:57 pm to
quote:

Any suggestions on how to navigate a super inflationary period because that’s what I see coming?


Pray. None of us are going to life hack this one. Not without risk.
Posted by Intelligent
Member since Jun 2017
675 posts
Posted on 1/14/22 at 5:25 pm to
crypto
Posted by funnystuff
Member since Nov 2012
8947 posts
Posted on 1/14/22 at 6:24 pm to
quote:

it’s called hyper-inflation
Not to be a dick, but that’s really fricking dumb. Venezuela is hyperinflation. Zimbabwe is hyperinflation. Weimar Germany is hyperinflation.

What we had is clearly painful inflation, but it’s still less painful than the inflation felt by 20% of the world. Calling that hyperinflation is absurd.
Posted by Dandaman
Louisiana
Member since May 2017
798 posts
Posted on 1/14/22 at 7:15 pm to
Income properties? Value stocks. Consumer staples? TIPS?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11847 posts
Posted on 1/14/22 at 8:33 pm to
quote:

Idk what to tell you, many on this board and other places have been shouting to the 4 winds about inflation since Dec/Jan


You would have been rekt if you listened to the inflationiatas that can’t differentiate CPI with inflation. Commodities and Bond trend following is the best way to trade it. Both directions.
Posted by TigerDeBaiter
Member since Dec 2010
10660 posts
Posted on 1/14/22 at 8:41 pm to
The economy needs to crash and inflation will sort itself out. Going to be painful for those overextended. It always is. Fact if the matter is the fed let the economy run way too hot like they always do. And now they need to “fix” it.
Posted by Buck_Rogers
Member since Jul 2013
2067 posts
Posted on 1/14/22 at 9:09 pm to
AMC will hedge

ETA: Because "it doesn't follow fundamentals".
This post was edited on 1/14/22 at 9:24 pm
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1799 posts
Posted on 1/14/22 at 9:25 pm to
Some of us have been shouting since 2017
Posted by PissorOff
Member since Jan 2021
14 posts
Posted on 1/14/22 at 9:58 pm to
At least H2SO4 is available.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/14/22 at 11:52 pm to
quote:

What we had is clearly painful inflation


Are you insinuating that it’s over?
Posted by thatguy777
br
Member since Feb 2007
2506 posts
Posted on 1/15/22 at 12:49 am to
Inflation is peaking...we are in a peak cycle coming out of a recession, covid 2020. What did people expect. Do people forget march 2020? Fed stepped in to do everything they could, now we are feeling it.
Posted by dovehunter
Baton Rouge
Member since Sep 2014
1697 posts
Posted on 1/15/22 at 9:11 am to
Yep but it still burns to buy it. My point is that there is still a lot of inflation in the pipeline and I don’t think it will get better anytime soon. Inflation will tax the least able to afford it. I think it has more to do with current policy and politics than fundamentals. You can’t hamstring the energy industry in the US and not expect global inflation. You can’t push electric vehicle or subsidize feel good industries just because you have a green ideology and not expect inflation.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40254 posts
Posted on 1/15/22 at 9:57 am to
quote:

You can’t push electric vehicle or subsidize feel good industries just because you have a green ideology and not expect inflation.



Wtf do EVs have to do with rising prices of all goods?

Should we not expect inflation when local, state and federal governments subsidize legacy energy generators?
Posted by dovehunter
Baton Rouge
Member since Sep 2014
1697 posts
Posted on 1/15/22 at 10:06 am to
It’s government subsidies for technology that can’t stand alone in the market. Ethanol included. It’s inflationary. The subsidy supports uneconomic industries which cannot stand on their own and this is very inflationary for all goods.

Ethanol supports big farm. It drives up the cost of food. The government has to stop picking winners. Let the market pick the winners.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40254 posts
Posted on 1/15/22 at 10:13 am to
quote:

Let the market pick the winners.


The Market is picking winners. Demand for EVs is outpacing every expectation and the newest crop of EVs are going for 4 and 5 figures over MSRP. Teslas enjoy close to if not the highest resale value on the market. There's no subsidy for buying a used EV.



I'm guessing you are heavily against nuclear power.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/15/22 at 10:28 am to
quote:

Inflation is peaking...we are in a peak cycle


What data do you have to back this up?
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