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Inflation has heated up Big-Time
- Thread starter hayman
- Start date
Quote from dandxg:
Thanks for chiming in. Wow gas here in Denver Metro is $3.60 a gallon.
I knew that Canada has a housing bubble, but with the constant influx of Chinese buying everything up you seem to have plenty of demand, at least that's what my Canadian friends have said about Vancouver and Toronto. It's so bad my buddy calls it Hongcouver.
$1.37 a liter now ($5.17 a gallon)...
MacLeans had a good article on Canadian real estate. The centerpiece was a collection of charts that plotted long-term residential home prices in major Canadian metros against real GDP. Basically, over the past 30 years, the economy has nearly doubled in size, while in various markets, home prices appreciated 500 to 800%, with Vancouver on the extreme. The collective stupidity of the public never ceases to amaze. It wasn't 5 years ago US real estate collapsed and lost nearly 40% of it's value. But ask a Canadian and it's free money all over again. Can't drop. Inflation?! Ha! Canadian real estate is an interesting dynamic. 89% of all land is held off-market by the Government. No development - artificial throttling of supply. Anyways.
How's the trading going, man? We've been at this a while now?
Rather have inflation than deflation. What's so fun about 20% unemployment? Get a clue you moron.
Quote from denner:
You're right. Orwell would be proud that you could disassociate "rising prices" from "inflation".
Joe Kernen knocked it out of the park on this one.
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Quote from Arnie:
Excuse me, but aren't rising prices a SYMPTOM of inflation. They don't cause it.
Depends who you ask. Demand side, inflation is defined by quantity of money. Supply side, inflation is defined by supply shocks/gluts. Traditionally, quantity of money is referenced as the independent variable, and consumer prices as the dependent, as you mentioned ("the symptom"). But that definition is incomplete, as well. The supply of goods and services can outstrip growth in the money supply, which would yield falling prices with a growing monetary base. Either way, consumer prices are the easiest barometer of inflation (demand or supply-side driven). RandomCapital thinks it's all supply side (peak oil driven). I think that's bullshit. I'm not a peaker. Depends on your philosophical outlook. Anyway
Quote from oldtime:
If gasoline goes to $5 per gallon and bread goes to $5 a loaf what do you want Ben Bernanke to do about it?
one more time-
interest rates can motivate foreign investors to move investments from one country to another, and therefore from one currency to another. Higher interest rates in the United States will, all other things remaining constant, prompt an increase in the value of the dollar. Conversely, lower interest rates will cause the dollar to lose value.
raise rates..here you have it..1.7% in august alone..and that's gvt stats.not even www.shadowstats.com ..
if Bernanke is insane(and judging by what he was doing lately-he is,according to Einstein's definition of insanity)-then we are going to have QE3 this afternoon. if there is a little sanity on FED's board-there is will be no more any QE's and talk\notes would be to raise the rates NOW. enough already..savers\rational people are RAPED as we speak by Benny B and company of fuckheads in DC.
not until his definition of inflation is the same as yours.Quote from Bob111:
one more time-
raise rates..here you have it..1.7% in august alone..and that's gvt stats.not even www.shadowstats.com ..
if Bernanke is insane(and judging by what he was doing lately-he is,according to Einstein's definition of insanity)-then we are going to have QE3 this afternoon. if there is a little sanity on FED's board-there is will be no more any QE's and talk\notes would be to raise the rates NOW. enough already..savers\rational people are RAPED as we speak by Benny B and company of fuckheads in DC.
He's trying to run an economy, you are just trying to save money at the grocery store
Quote from oldtime:
not until his definition of inflation is the same as yours.
He's trying to run an economy, you are just trying to save money at the grocery store
was it working? did it worked for japan? we already know the outcome..what's the point of doing it over and over again?
he is not trying to run the economy..he trying to burn that debt..at my expense..
Quote from hayman:
I am so sick and tired of the government quoting Core CPI rates being so low, and excluding anything and everything that is contributing to this rise. I live in NY, USA, and estimate that I've seen inflation increase overall by 7-8 %, year-over-year. Here are some examples of what I've experienced first-hand, with diligent record keeping:
- Gasoline Increase of 16%
- Home Heating Oil Increase of 15%
- Food price increase of 12%
- Health Care Insurance increase of 17%
- College Tuition Increase (Public University) of 5%
- Electric Increase of 12%
- Local School Tax Increase of 2.8%
- Cable TV - increase of 6%
- My youngest daughter's dance tuition (discretionary) - 6%
You call that heating up? I believe the money supply has doubled since 2008 and thats all we get?
Pretty tame if you ask me all things considered... i dont know why you are all getting worked up over such paltry increases im surprised they havent gone up way more!