Don’t Worry, It’s Transitory

12 Replies to “Don’t Worry, It’s Transitory”

1. We can always just print more money, right?!

   His Royal Majesty Kween Joostahn Turdoh

2. 1) there is no threat of inflation due to the government borrowing then “spending” a trillion dollars
   2) there is no inflation, like we said
   3) there is some inflation, but not everywhere, and its not bad, so point 1 stands, please ignore point 2
   4) there is some inflation in some minor areas such as fuel, housing and food, but its manageable
   5) its only for a short time, just like two weeks to flatten the COVID curve, remember then?
   6) inflation is actually good, Colbert says so, and who would know better than a celebrity millionaire?
   7) the government has a plan for inflation if it ever really becomes a for real problem for real people
   8) you’ll love wage and price controls…
   9) its corporate greed that somehow didn’t exist two years ago, just started overnight
   10) no, increasing taxes isn’t inflationary either
   11) did we mention the inflation that isn’t happening, but would be great, is Putin’s fault?
   12) overturning Roe will damage the economy
   13) CTRL/H inflation/stagflation
   14) CTRL/H stagflation/recession
   15) CTRL/H recession/New Great Depression

3. Bidenomics: F**K and AWE.

   1. And I’m getting Fooked by every FIXED cost that can barely be controlled or managed: energy, utilities, insurances, fees.

      I can choose to eat dog food (as the Democrats like to say whenever a Rep. is in office) … but I can’t choose to cut power and water to my home.

      1. Have you seen the price of dog food lately?

         You’re right that food is just part of it. Insurance, utilities and tax assessment killing me. Neighbor overpaid for their place, now I suffer.

         Car insurance up 20%, but how else am I going to get to the store to buy one bag of groceries for $75?

4. If the old calculators were in place, as in the 1970’s, interest rates would be in the double digits by now (read Kenji post). Central banks have been lying for decades. Inflation has been rampant for a decade!

   If the Liberals recruit Mark Carney to replace Trudeau, it will be final death knell for Canada.

5. ” . . . data came out hotter than expected, . . .” – than “expected” by whom?

   1. “than hoped for by the government” and championed by the media. The government is hoping it can have its cake (printing money) and eat it too (low inflation).

6. Peter Schiff is not a great source for what may happen in the economy or equity markets. He’s been saying the same things for over 30 years, but maybe this time he will be right. To the person posting the 15 points on inflation, “Overton’s Goal Post “ explains.

   1. Pairieboyz
      Inflation has many faces, and it has been going on in one form , for over 30 years.
      Same item then cost $X, today costs $X, but quality is down , so said item today lasts much for a much shorter time, and than is an inflationary effect.

7. The thing is all of their inflation stats are B S. When they were claiming in the 2% range , the figures were low. While some discretionary items are reduced in price, all the non discretionary have skyrocketed. Meanwhile many basic items used in things such construction or repair parts may not be available for months or at all. Of course nearly everyone ,who aren’t brain dead , know this.

8. If people would get their head out of backside you will not need a video of how inflationary pressures persist.

   Connect the dots that the people in power do not care. Pandemic spending, green initiatives, regulatory restrictions on energy, the war projects, and so what’s the next cure ?! Let’s propose sanctions against Chinese banks, that will help right.

   The suits are destroying western society to the stone age with this trajectory