Tom Mazanec's Topic

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Tom Mazanec
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Post by Tom Mazanec »

Peter Schiff:
Larger Deficits Mean Higher Inflation
https://www.youtube.com/watch?v=qLLbR2O1NPM
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
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Is March 2020 the new October 1929?
John, if I had sent you in 2019, through a time post office, a copy of page 102 of the 2021 World Almanac, what would you have thought?

Dow Jones Industrial Average Records

% Losses
Date Change % Change
12/12/1914 -16.80 -23.52%
10/19/1987 -508.00 -22.61
3/16/2020 -2997.10 -12.93
10/28/1929 -38.33 -12.82
10/29/1929 -30.57 -11.73


Point Losses
3/16/2020 -2997.10 -12.93%
3/12/2020 -2352.60 -9.99
3/9/2020 -2013.76 -7.79
6/11/2020 -1861.82 -6.90
3/11/2020 -1464.95 -5.86
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
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Re: Tom Mazanec's Topic

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“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
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Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago
https://www.cnbc.com/2021/09/10/august- ... ecord.html
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Re: Tom Mazanec's Topic

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Tom Mazanec wrote:
Fri Sep 10, 2021 10:35 am
Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago
https://www.cnbc.com/2021/09/10/august- ... ecord.html
Nothing to see here, nothing to see, transitory transitory transitory; deflation deflation deflation, don't pay attention to the man behind the curtain. It might make me have to rethink things, lol

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Tom Mazanec
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Inflation lower but still positive month on month…0.21%.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
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Reliability of CPI
from https://www.oftwominds.com/blogsept21/m ... n9-21.html
The cost of living--the Consumer Price Index (CPI), a.k.a. inflation--is the most threadbare trash heap of manipulation currently on display. Fully 40% of the Index is based on the opinion of random people rather than easily tabulated real-world data. I refer to the government's comically wacky method of reckoning the cost of housing: ask a random bunch of homeowners what they guess they could rent their house for.

But wait, why not simply tabulate the actual rents being paid? That data is easily available, and could be made apples-to-apples by applying the methodology of the Case-Shiller housing index, which is to track the cost data of the same homes / flats over time. This would provide reliable data on the actual increase or decline in rents being paid.

Gathering actual real-world date is anathema because then the CPI would be much higher and not so easily manipulated. The same can be said of all the other tricks of manipulating the cost of living: seasonal adjustments (i.e., lop off price increases and attribute the reduction to "seasonality") and hedonic adjustments (i.e., after adjusting for the better stereo and the rear-view camera, today's $40,000 car is tabulated as "cheaper" than yesteryear's $10,000 car of the same size).

If these same adjustments were applied to the weight and height of individuals, a 6-foot tall individual weighing 200 pounds would be "adjusted" to 6 inches in height and a weight of 2 pounds. This is a slight exaggeration but not by much, as today's calculation of expenses are laughably understated in the CPI: today's cars haven't risen in cost at all according to the CPI, even as the number of work hours needed to buy a new car have skyrocketed--that is, when measured in purchasing power of wages, vehicles are much more expensive now.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
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Peter Schiff: A Deflationary Crash Is QUICKLY Accelerating (And It Will Cause Gold's Price To...)
14,409 viewsSep 20, 2021
https://www.youtube.com/watch?v=xw3pQLjQaKU&t=301s
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
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Sorry, Fed, Inflation is Already Embedded
September 27, 2021
https://www.oftwominds.com/blogsept21/i ... d9-21.html
Refute this, John.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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Tom Mazanec
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Shortages and Inflation Are Ripping the World’s Face Off
https://thegreatrecession.info/blog/sho ... -face-off/
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”

― G. Michael Hopf, Those Who Remain

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