Re: Financial topics
Posted: Mon Oct 04, 2021 5:25 pm
Generational theory, international history and current events
https://www.gdxforum.com/forum/
Why do you think there is such an ignorance about what "deflation" is (disinflation at most, meaning inflation, lol)? I understand that the world was in a majorly deflationary trend (notice, I'm careful with language, TREND) for the last 80 years, but now we have the perfect storm of less production, more expensive production, and massive monetary base inflows. The ONLY thing that will slow inflation down will be drastic demand reduction. I don't see that, especially when the printing press WILL keep up, and everyone will be clamoring for more real goods and food/petrol, which they will realize will all only be higher in price later on ...vincecate wrote: Fri Oct 08, 2021 10:09 am China to West coast container rates are down 11%
https://fbx.freightos.com/freight-index/FBX03
So maybe we are past the peak on container rates.
Powell was giving a talk recently and said before the pandemic we had inflation X and unemployment Y and now unemployment is higher so once supply chains are ok inflation should go back down. Like he really really believes that inflation is caused by too much employment, while he "prints" trillions. To get hired by the Government as an economist you have to believe that printing money is good.Cool Breeze wrote: Fri Oct 08, 2021 10:26 am Why do you think there is such an ignorance about what "deflation" is (disinflation at most, meaning inflation, lol)? I understand that the world was in a majorly deflationary trend (notice, I'm careful with language, TREND) for the last 80 years, but now we have the perfect storm of less production, more expensive production, and massive monetary base inflows. The ONLY thing that will slow inflation down will be drastic demand reduction. I don't see that, especially when the printing press WILL keep up, and everyone will be clamoring for more real goods and food/petrol, which they will realize will all only be higher in price later on ...
The period 1960s-90s (generational Awakening and Unraveling eras) wasCool Breeze wrote: Fri Oct 08, 2021 10:26 am > Why do you think there is such an ignorance about what "deflation"
> is (disinflation at most, meaning inflation, lol)? I understand
> that the world was in a majorly deflationary trend (notice, I'm
> careful with language, TREND) for the last 80 years, but now we
> have the perfect storm of less production, more expensive
> production, and massive monetary base inflows. The ONLY thing that
> will slow inflation down will be drastic demand reduction. I don't
> see that, especially when the printing press WILL keep up, and
> everyone will be clamoring for more real goods and food/petrol,
> which they will realize will all only be higher in price later on
> ...