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2021-10-14 Economy

Another Month Another Big Inflation Report

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Posted by Lord Garth 2021-10-14 00:00|| || Front Page|| [2 views ] Top

#1 Inflation is real - despite Powell's lies
The $3.5 trillion does not "pay for itself" - despite Biden's lies
The stock market is a ridiculously over-inflated bubble - despite all the idiocy and lies surrounding it

Posted by Patriot 2021-10-14 01:12|| 2021-10-14 01:12|| Front Page Top

#2 In our local area.

Dec. 2019 RIB EYE Steak $7.95/lb
Sept. 2021 now $14.95

Dec. 2019 80/20 Ground beef $2.38/lb
Sept. 2021 now $3.89
(packages, not tubes)

Dec. 2019 Skinless Salmon $8.45/lb
Sept. 2021 now $9.68/lb

Dec. 2019 Smithfield Bacon $2.89/lb
Sept. 2021 now $5.08/lb

Dec. 2019 Tysons Chicken Wings $2.35/lb
Sept. 2021 now when available $4.04/lb
currently "We're sorry, this item is not available."

Surprisingly PORK Meats other than Bacon, had lower inflation rates than the above in our area.
eg. Pork Loin Center cut now floating around $2.89/lb
btw: thinly slice makes a decent bacon sub.

Posted by NN2N1 2021-10-14 08:31|| 2021-10-14 08:31|| Front Page Top

#3 another remarkable thing is the T bond rates

with the obvious inflation issue you would thing the Fed would slam on the brakes but

the 5 year, 10 year and 30 year T-bond rates are about 1%, 1.5% and 2.0% respectively today

when the Fed finally wakes up to the reality there will be hell to pay in the Bond market

Posted by Lord Garth 2021-10-14 09:06|| 2021-10-14 09:06|| Front Page Top

#4 ^ NASDAQ will be slammed too.
Ditto for all the SPAC and memstock and shitcoin garbage

This bubble is even worse than 2001's -- the amounts of leverage given to all these millions of little amateur gamblers are unbelievable. It will be a very hard fall

Posted by Patriot 2021-10-14 09:15|| 2021-10-14 09:15|| Front Page Top

#5 In my area the packaged meat area the hot links spot is empty (!!)

Posted by magpie 2021-10-14 10:14|| 2021-10-14 10:14|| Front Page Top

#6 What taxes don't get, inflation, and eventually interest will get. Shades of Jimmy Carter days.

Posted by JohnQC 2021-10-14 16:24|| 2021-10-14 16:24|| Front Page Top

21:35 Patriot
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