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Message
Top Economists Expect Inflation To ‘Accelerate Strongly’ In Coming Weeks
Posted on 5/24/21 at 10:45 am
Posted on 5/24/21 at 10:45 am
Turns out that quantitative easing and the practice of paying people to NOT work drives up the costs of goods and services in just a matter of months.
Expect things like gas, groceries, and other goods to grow higher with the current supply constraints, then hopefully level off when these UI bonuses get curtailed eventually.
quote:
Economists expect inflation to “accelerate strongly” in the coming weeks and months, but said consumer prices would eventually moderate.
The consumer price index (CPI), a common measure for inflation, is expected to rise 2.8% in 2021 and 2.3% in 2022 compared to the 1.2% increase that occurred in 2020, according to economists surveyed by the National Association for Business Economics (NABE).
The projection, released Monday, reflected the Federal Reserve consensus that inflation will heat up by the end of the year before cooling down as the economic recovery continues.
“NABE panelists expect near-term inflation pressure, but anticipate it being short-lived,” National Federation of Independent Business Research Center Executive Director Holly Wade, who was the chair of the NABE survey, said in a statement. “Inflation expectations moved up significantly from those in the March survey, but panelists anticipate inflation easing in the second half of 2021, with no resurgence in 2022.”
LINK
Expect things like gas, groceries, and other goods to grow higher with the current supply constraints, then hopefully level off when these UI bonuses get curtailed eventually.
21
Posted on 5/24/21 at 10:46 am to member12
Weird, I don’t even have a college degree and was screaming that months ago.
Posted on 5/24/21 at 10:47 am to member12
Thanks Biden
Posted on 5/24/21 at 10:48 am to member12
Getting out of the stock market and looking for a good place to go.
Posted on 5/24/21 at 10:48 am to member12
quote:
National Federation of Independent Business Research Center Executive Director Holly Wade
Posted on 5/24/21 at 10:49 am to member12
quote:
paying people to NOT work
This is pinching a lot of people right now.
Cars, lumber, and even some food service businesses can't operate efficiently despite there being an available labor pool. It's compounded by the already reduced supply from having to shut down manufacturing facilities for at least a few weeks last year.
They will either have to cut back on the the extended unemployment benefits or those companies have to start paying more for their labor. And those costs will be passed on to you as an invisible tax. It will hit the working poor and the retired folks harder than the rest of us.
Posted on 5/24/21 at 10:52 am to BuckyCheese
quote:
Getting out of the stock market and looking for a good place to go.
Wait..why? Stocks should actually have a better chance of keeping up.
I mean, you can buy Minted Silver Eagles and Gold Bullion...and they will probably see some upward pressure. But IMO that is more of a long term hedge against a "shite hits the fan" scenario similar to what Venezuela is going through now. If people start going hungry here, you are going to want to trade those for plane tickets out of this country.
Posted on 5/24/21 at 10:56 am to member12
So like literal cents to the dollar for most goods and services.
And projected for only a year.
ight.
And projected for only a year.
ight.
Posted on 5/24/21 at 10:57 am to member12
Wait, so you're telling me that inventing money out of thin air and paying people to not produce causes inflation?
This is my shocked face.
This is my shocked face.
Posted on 5/24/21 at 10:58 am to A Smoke Break
quote:
So like literal cents to the dollar for most goods and services.
And projected for only a year.
ight.
If you're under the age of 40, you'll spend the rest of your live paying off this shite.
Posted on 5/24/21 at 10:58 am to member12
Posted on 5/24/21 at 10:59 am to A Smoke Break
quote:
So like literal cents to the dollar for most goods and services. And projected for only a year. ight.
Yeah, try again.
Posted on 5/24/21 at 10:59 am to member12
quote:
“NABE panelists expect near-term inflation pressure, but anticipate it being short-lived,”
Stimulus payments have something to do with this, but geopolitical pressures have WAY more to do with it.
No matter how many times high school graduates repeat it.
Posted on 5/24/21 at 11:00 am to goofball
quote:
Wait..why? Stocks should actually have a better chance of keeping up.
Because I don't see it continuing to go up. Let alone stay even. I feel it's going to drop like a stone before long.
May be wrong, but that's my feeling on it.
Posted on 5/24/21 at 11:03 am to BuckyCheese
quote:
Because I don't see it continuing to go up. Let alone stay even. I feel it's going to drop like a stone before long
Based on what
quote:
May be wrong, but that's my feeling on it.
Got it, absolutely nothing.
Posted on 5/24/21 at 11:03 am to BuckyCheese
quote:
Because I don't see it continuing to go up. Let alone stay even. I feel it's going to drop like a stone before long.
Eventually it will correct as these things cycle. Ride it while it’s going up in the meantime.
Keeping cash out of the market is going to hurt amid record inflation.
This post was edited on 5/24/21 at 11:05 am
Posted on 5/24/21 at 11:03 am to Klark Kent
quote:
Yeah, try again.
Mernin klark.
Side note: Don't buy into the hype.
Secondary side note: Keep most of your assets in the market or in land.
Posted on 5/24/21 at 11:05 am to BuckyCheese
quote:
Because I don't see it continuing to go up. Let alone stay even. I feel it's going to drop like a stone before long.
May be wrong, but that's my feeling on it.
If there's one thing i'm almost 100% certain on, we will stay in a bull market for a long time.
Especially when the dollar takes a massive hit. People are going to want to put their assets in the market to survive.
And it's like most of us are forgetting this was a world wide event. Every major economy is going to experience hyperinflation in the next few years. I think that fact evens all of this out.
Posted on 5/24/21 at 11:46 am to A Smoke Break
Congrats JB voters
Posted on 5/24/21 at 11:50 am to member12
Handing out money to everyone causes inflation?
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