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2021-12-13 Economy

Inflation Will Moderate in 2022. Unexpectedly!

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Posted by Bobby 2021-12-13 11:26|| || Front Page|| [11127 views ] Top
File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats

#1 Is this breaking news from 1974 by any chance?

The amount of wishful thinking about inflation never ceases to amaze me. Has no one ever read an economics textbook? Or is everyone just living in Fantasyland nowadays?

Posted by Tom 2021-12-13 12:28|| 2021-12-13 12:28|| Front Page Top

#2 economists hope increasing availability of everything from computer chips to shipping containers will help inflation to ease

"Economists hope": This would be comical if these incompetent assholes weren't destroying our country.

Sure, energy prices can temporarily whipsaw based on a meeting in Vienna or a remark by a Gazprom official or a sheik. But there is zero evidence that the supply chain mess is easing. Literally every piece of hard evidence we have -- container ships at sea, scarce inventories, time to market data, depleted store shelves -- everything says the opposite.

We Are Ruled By Mendacious Morons

Posted by Merrick Ferret 2021-12-13 12:37|| 2021-12-13 12:37|| Front Page Top

#3 No end in sight. Suppliers already say next year more of the same. Red Bull, Pepsi, and Coke. Democrats never fix anything but will always ask for more money.

Posted by Dale 2021-12-13 13:05|| 2021-12-13 13:05|| Front Page Top

#4 I hear that where historically international shipping prices were $500, they now are $20,000. That will certainly encourage creative answers, answers that do not include China, after which supply chain-induced inflation will fall. But government spending-induced inflation is a good deal less tractable.

Posted by trailing wife 2021-12-13 13:10|| 2021-12-13 13:10|| Front Page Top

#5 Not gonna stop until the extra money is siphoned off. The way they did that at the end of the 70s was to jack up interest rates. It hurt, but worked. With everyone so in debt to the hilt, it will hurt even worse this time and might actually collapse everything. But this won't stop until balance is once again restored to the books.

Posted by DarthVader 2021-12-13 14:35|| 2021-12-13 14:35|| Front Page Top

#6 The way they did that at the end of the 70s was to jack up interest rates. It hurt, but worked.

Get ready for The Return of The Volcker Living Dead*

* a horror movie which no one who endured the first one should be forced to suffer again ... but screw it. BOHICA!

Posted by Merrick Ferret 2021-12-13 14:55|| 2021-12-13 14:55|| Front Page Top

#7 Oil reserves were drained to keep pump prices down until January 1 so 1)Biden and the Dims can enjoy Christmas without catching hell, and 2)the Dims can ramp up the Blame Trump message 3) the DimJanuary 6 (Brownshirt) Commission can lock up any opposition leadership.

After January 1 when winter cold kicks in so will hellish energy prices and energy shortages and Venezuelan style hyper-Inflation.

Posted by Blackbeard Barnsmell6454 2021-12-13 15:56|| 2021-12-13 15:56|| Front Page Top

#8 Also interest rates will accelerate because of the bill just past pushing the government debt/borrowing through the stratosphere meaning capital will be scarce.

Posted by Blackbeard Barnsmell6454 2021-12-13 16:27|| 2021-12-13 16:27|| Front Page Top

#9 It already annoys me how the ATM mainly spits out $50 bills unless you ask for just $80. Then you go everywhere and hear "Got anything smaller?" like a broken record. Wait till it's all hundreds, bubbie.

Posted by M. Murcek 2021-12-13 16:56|| 2021-12-13 16:56|| Front Page Top

#10 No. They'll just change how it's calculated -- again -- so they can report prettier numbers.

Posted by Angstrom 2021-12-13 18:31|| 2021-12-13 18:31|| Front Page Top

#11 Customer: "just a buck (for this)?"
Me: "Next year, buck twenty-five
Customer: LOL more like two.

Posted by swksvolFF 2021-12-13 18:52|| 2021-12-13 18:52|| Front Page Top

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