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High inflaton reading in June. Used cars and trucks. Transitory? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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High inflaton reading in June. Used cars and trucks. Transitory? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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| High inflaton reading in June. Used cars and trucks. Transitory? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
Huge inflation is coming. Dow 100,000 in a few years.
Nope
So you think printing massive inflationary deficit spending…. Is 'transitory'? On which planet?
@R O Y G B I V Oh boo-hoo hoo the elites are crying about a 5% loss in a year. *sniff* Waaaaahhhhh :p
@Kevin Wayne It's the young/old citizen reaching for financial goals I'm speaking of that are not the one percent. Mike is the 1 percent…. he tells you its transitory from his ivory tower in the most expensive to live in city.
@JT the AT "I wonder how much of ours is owned by a variety of central banks"
Boo-hoo-hoo da cenwal banks own da stoooocks, Take off the tinfoil, it's cutting off the circulation to your brain.
"Im sure it hardly benefits japense people that their government owns over half the economy"
The stats are as I told you. They must be doing something right.
"Pretty easy to maintain high employment when they have collapsing population demographics"
Ummmm… no. That would make employment harder to achieve. Unless you mean the contracting labor market which is happening.
Check the poverty stats under the Eisenhower-LBJ years. That's when the country undertook a massive public works program building our freeways. Poverty was lierally cut in half. GDP always rebounds when the government spends money into the economy. Even under Trump.
@R O Y G B I V Bitter are we? 😉
The big jump in CPI was due to car prices. Used cars come directly from the new car market. Car production is offline. When supply declines, prices rise.
You finished 100-level macro, right? Cuz it doesn't really seem like it.
No treasuries to buy = gold
Lagging report on CPI same as PPI already priced into markets, plus as long as the FANG stocks hold up very hard to sell off. But keep your powder dry.
My best guess why no inflation too much debt business owners too greedy to increase wages, and internet stocks have increased efficiency of service economy making less workers more productive. there will be many angry sheeple who are being left out of the heap of money poured on to the big shots.
Net result of the trilions and trilions of fiat money poured into the world, Wah Lah! Enter Bitcoin casino!
LOL – "Voila"
On next video, would you talk about consequences of FED policies. To me, purchasing $120B/month or keeping rates at 0%(i.e. everything is already financed), should have huge consequences. Yet they talk as if FED can to this forever and spend money like there is no limit. Maybe you can discuss where the limit is.
Fed qe is not money creation, it is an asset swap that supresses bond yields. Money is created thru budget deficits and the limit is accelerating inflation.
GS JPM and PEP all beat earnings, strong earnings equals stronger economy and stronger USD.
High inflation = bad economy = market correction
yes 0.9% is so high, that's worse than Zimbabwe
@TheReaL Cool inflation is the highest it has been in 30 years
but we've known about inflation, anyone living in the real world sees the evidence of inflation in higher prices. We don't need to wait for data to confirm what is obvious.
I live in the real world and see no inflation
@Uhohhotdog Gaming do u buy gasoline or food?
@Tom S yes. My food prices are the same.
Using gasoline is not an argument. It literally goes up every summer. We also just went through most the country shutting down which caused gas prices to plummet and now they’re returning to normal.
@Tom S Gas was more expensive in 2008 than today.
You don't have to call it inflation but the prices of most things I buy in my everyday life are way up..
You buy stocks, real estate and used cars?
@David I buy stocks, not real estate yet, I'm currently looking for something but real estate is getting up there. I'm talking about gas, food etc.
@David how is asset price inflation not inflation? I dont think a house and a car should be for the elite only….and there was a time when it wasn't. It's called the mass destruction of the middle class. Wonder how many people were thinking about a house the last few years and are now completely priced out of the market. So people will call it what they want but this inflation has a real effect on standard of living
@James P Not supported by data – food is not up any more than any other time… https://www.usinflationcalculator.com/inflation/food-inflation-in-the-united-states/ Gas is up but this makes sense considering high demand and low supply from last year. I would expect correction down for this after a while..
@David I'm in the food business…
Next time I get an invoice from one my vendors I'll just tell them sorry, the data doesn't support your prices. I get what you're saying but that's not what I'm seeing..
What I don't get is it shot up to 0.9% and everyone panicked. Its like they're equating it to Zimbabwe
The VVIX is Bearish as of now
once the factories are all up and running at 100% it will go back to normal
What factories?