Tom Mazanec's Topic

[Cool Breeze]

You make all sorts of assumptions.

I never said anything that you attribute to me in your last post. I am saying that inflation is taking place, it is known, but it's not hyper - yet. Answer my question, why are prices going up, and why are asset prices in particular well above 20% inflation range?

Why is anything different right now? Have you been paying attention to M2 for the last year? Or do you purposefully ignore things just because you want to? That's odd for a scientific thinker, which you have in you, but not here on this topic.

[John]

** 19-May-2021 World View: Velocity of M2

> You make all sorts of assumptions.

> I never said anything that you attribute to me in your last
> post. I am saying that inflation is taking place, it is known, but
> it's not hyper - yet. Answer my question, why are prices going up,
> and why are asset prices in particular well above 20% inflation
> range?

> Why is anything different right now? Have you been paying
> attention to M2 for the last year? Or do you purposefully ignore
> things just because you want to? That's odd for a scientific
> thinker, which you have in you, but not here on this
> topic.

You don't have the vaguest clue what you're talking about. A year
ago, toilet paper prices were going up. Did you scream about
inflation then?

Have you been paying attention to the velocity of M2 for the last
year? Or do you purposefully ignore things just because you're a
complete idiot? That's odd for someone like you who think you're the
smartest person in the room on every topic but, as it turns out, not
on any topic.

https://fred.stlouisfed.org/series/M2V

[Cool Breeze]

** 19-May-2021 World View: Velocity of M2

> You make all sorts of assumptions.

> I never said anything that you attribute to me in your last
> post. I am saying that inflation is taking place, it is known, but
> it's not hyper - yet. Answer my question, why are prices going up,
> and why are asset prices in particular well above 20% inflation
> range?

> Why is anything different right now? Have you been paying
> attention to M2 for the last year? Or do you purposefully ignore
> things just because you want to? That's odd for a scientific
> thinker, which you have in you, but not here on this
> topic.

You don't have the vaguest clue what you're talking about. A year
ago, toilet paper prices were going up. Did you scream about
inflation then?

Have you been paying attention to the velocity of M2 for the last
year? Or do you purposefully ignore things just because you're a
complete idiot? That's odd for someone like you who think you're the
smartest person in the room on every topic but, as it turns out, not
on any topic.

https://fred.stlouisfed.org/series/M2V

John, you don't understand velocity, and you claim things about me that I never say. I wonder why this is so? Why don't you just ask questions to understand my position, rather than have emotional paragraphs on supposedly what I think, and who I am? The worst part about this is that they are false assumptions.

[John]

** 19-May-2021 World View: Velocity

> John, you don't understand velocity, and you claim things about me
> that I never say. I wonder why this is so? Why don't you just ask
> questions to understand my position, rather than have emotional
> paragraphs on supposedly what I think, and who I am? The worst
> part about this is that they are false assumptions.

OK Dr. Breeze. What do I not understand about velocity? What is your
position on why it crashed in the last year?

Also, why did you say that the members of this forum are degenerates
and satanists?

[Cool Breeze]

Again, and this is for the third time, I did not say that people on this forum are degenerates and satanists.

The truth about velocity is that no one "understands" it, which is why I know that you don't --> no one does. (The reason why is that it is a back calculation from GDP and pricing).

A fact of life currently is that inflation is increasing. Whether that matters, you can tell me, or if the threshold matters, or whatever. But policies are currently putting the increased money supply into consumption, to a larger degree at least, than in the past 20 years. That of course will increase inflation.

But again, inflation is in the eye of the beholder, which is why the CPI is silly and mostly propaganda, by and large.

If you trace the M2 with the equities markets, they are straight line since QE began = directly related asset inflation. Only QQQ has slightly outdone the printing. BTC, even with this latest drop, has outdone it the most.

Everything I say is backed by facts and then make conclusions.

Notice I don't call people names or worry about emotional things. That's how critical thinking cream rises.

[John]

** 19-May-2021 World View: Dr. Breeze's jokes

> Again, and this is for the third time, I did not say that people
> on this forum are degenerates and satanists.

Yes you did and you know exactly where I'm talking about. For the
third time, you're lying.

> The truth about velocity is that no one "understands" it, which is
> why I know that you don't --> no one does.

Is this your idea of a joke? First you said that I don't understand
velocity, and you told me to ask a question, so I asked you why.
Instead of explaining why, you just say that no one "understands"
velocity. So you purposely evaded the question. One thing is
certain: You don't understand velocity, and don't have a clue what
you're talking about.

> But again, inflation is in the eye of the beholder, which is why
> the CPI is silly and mostly propaganda, by and large.

No it's not. It's a measurable quantity. The fact that you don't
understand it doesn't mean that it's just silly propaganda, since
pretty much everything you say is silly propaganda, and in a sense
everything that the government puts out is silly propaganda. Indeed,
even the population is silly propaganda, since the census is inexact.

> If you trace the M2 with the equities markets, they are straight
> line since QE began = directly related asset inflation.

Is this part of your joke? You're switching from the CPI to the DJIA?
I guess you don't know the difference. You really don't have a clue.

You don't understand velocity, or M2, or CPI or DJIA. You don't have
a clue about anything. You're no different than Butler. You're not
in this forum to learn. The only reason you're in this forum is to
show contempt for the other members of the forum.

> Everything I say is backed by facts and then make
> conclusions.

Another joke. No, you make up "facts" or quote irrelevant "facts" and
evade answering ("no one understands velocity"), and your conclusions
are full of crap.

> Notice I don't call people names or worry about emotional
> things. That's how critical thinking cream rises.

Geez, you really are full of bullshit aren't you. When you write
things like "Or do you purposefully ignore things just because you
want to?" then you're indirectly calling someone a liar, but you are
not honest enough to say what you mean. I don't beat around the bush.
I say that you're full of crap and I mean it. When you say that you
don't call people names, you're lying.

You said I should ask you questions instead of assuming what you
believe. So I asked you two questions. I asked you what I don't
understand about velocity, and you said nobody understands velocity.
I asked you about the crash in velocity in the last year, and you
never even mentioned that.

So your request that I ask you questions is another lie. You have no
intention of answering questions. It's just one evasion after
another, and one lie after another. You're just plain full of crap.

[Cool Breeze]

Let's ask the others if they understand the very straight forward concepts that I put forth, which show that you not only don't want to read, but you don't want to learn.

CPI is a "basket" of goods. The government chooses those, some say arbitrarily. Others state that they can exclude certain goods, and they have in the past, and they will in the future.

Do you deny that assets have shown inflation?

These concepts show that I think about all of the topics, but you for some reason just keep calling names and don't understand how velocity is even calculated, even though I explained it to you in that last posts. Shall I put the equation down for velocity too? Or do you not know how it is calculated?

Indeed, you don't know how it is calculated, and how it is an after the fact analysis.

You can get inflation with all manner of velocity, as a result. I don't agree with Mish on many things, but since I am a truth seeker, when he produces something that is intelligent, I read and take note. Here is such an example. Even if you are still too donkey headed (for reasons I don't know) to read and learn, perhaps others will take note:

Velocity

There is M1 velocity (distorted), M2 velocity (distorted), M3 (discontinued), and MZM (extremely distorted) velocity.

M2 Velocity is what most economists mean when the word velocity is used so lets start there.

V = GDP / M2

It's important to note that velocity has no independent life of its own.

GDP can be thought of as Prices * Transactions or (P * T).

This leads us to

V = (P * T) / M2

Observations

Velocity can rise if prices fall if the number of transactions goes up.
Velocity can rise if prices stay the same and M2 goes down.
Velocity can fall if prices rise if M2 goes up
Velocity can fall if prices rise and the number of transactions drops.
Key Points

Prices can rise, fall, or stay the same, no matter what velocity does.
Velocity does not determine prices.
Velocity does not determine or even influence anything at all.
Myths Die Hard

I have discussed all this before, but the topic comes up again and again.

Case closed.

[John]

** 19-May-2021 World View: Significance

Why did the velocity of M2 crash in the last year?

https://fred.stlouisfed.org/series/M2V

What is its significance with respect to the CPI?

[Cool Breeze]

You're no different than Butler. You're not
in this forum to learn. The only reason you're in this forum is to
show contempt for the other members of the forum.

Also, I think you should take this back. Butler is a leftist lunatic.

I have posted many things on this forum that are worthy of interest and many of experience.

You are alienating Mazanec, and now me, and I don't understand why.

If you are somewhat wrong here on predictions, or regarding your generational dynamics, who cares John? If this is all that there is, and you're gonna die anyone, you have no hope in anything, why even get bothered at all?

Again, I know the answer, but it bothers you that I do. So I won't say it.

[Cool Breeze]

** 19-May-2021 World View: Significance

Why did the velocity of M2 crash in the last year?

https://fred.stlouisfed.org/series/M2V

What is its significance with respect to the CPI?

You aren't reading what I'm writing.

M2 is largely in the banks as QE, or straight in the stock market by the printer go brrr friends of the admin/banks

Come on, John, you're better than this.

I just told you consumption is only just starting to get out to the people because of the policy changes that are currently different from 2008. Read my posts again - not with what you want to read, but what I actually wrote.