sky high inflation coming?

[achilles28]

There is no correlation between standard of living and nominal price levels.

Yes, there is. Google the industrial revolution.

 

[achilles28]

1) The amount of debt that has to be repudiated will be the biggest ever and make for a proportionately slower "recovery" afterwards.
2) Sound familiar?

Life goes on. Prolonging the inevitable only exacerbates the eventual bust. Better now then later...

 

[StarDust9182]

Yes, there is. Google the industrial revolution.

They could google capitalism as well. (I realize it's an outdated concept in some countries these days. )

 

[clacy]

Why do the inflationistas always point to a time 100+ years ago when person owned 1-2 pairs of shoes as the "golden age" of capitalism?

Go look at how much a pound of coffee or a pair of shoes or a trip to the doctor cost 100, 200, 300 years ago....

 

[Clint]

I LOLed at this. Is Zero Hedge ever right about anything. Its good to read if you're depressed. They have been bearish since they started the blog -- 2009 I think.

Gold will continue to collapse until the next Wall Street Crash.

Anyway there is nothing anyone can do to prevent the oncoming Deflation that is coming. The Sovereign Debt Implosion is coming to the west probably in the next 2 years just like the 1931 collapse of Creditanstalt. It will really be ugly when that happens. Most likely the US (and Europe) will see massive unemployment probably like the last Great Depression.

The sky is falling..hedge accordingly!


http://www.zerohedge.com/news/2014-...sis-says-world-bank-imf-warns-housing-crashes

 

[achilles28]

They could google capitalism as well. (I realize it's an outdated concept in some countries these days. )

haha good one

 

[achilles28]

Why do the inflationistas always point to a time 100+ years ago when person owned 1-2 pairs of shoes as the "golden age" of capitalism?

Go look at how much a pound of coffee or a pair of shoes or a trip to the doctor cost 100, 200, 300 years ago....

Prices are supposed to get cheaper over time, relative to wages. It's that simple.

Take your example, a pair of shoes 200 years ago, were a lot cheaper 100 years ago. That's how its supposed to work.

 

[mastacoli71]

Sky high inflation coming? Housing mkt increased in some areas 20+ % yoy. Cars cost 30% more compared to 6 years ago. Food and energy moving higher. Just simply ask yourself if a six figure salary goes as far as it did 10 yrs ago. Not even close! Maybe cause of stagnant wages but not the sole reason.

 

[achilles28]

Sky high inflation coming? Housing mkt increased in some areas 20+ % yoy. Cars cost 30% more compared to 6 years ago. Food and energy moving higher. Just simply ask yourself if a six figure salary goes as far as it did 10 yrs ago. Not even close! Maybe cause of stagnant wages but not the sole reason.

Food and fuel don't count!

(housing doesn't count either. When housing gets too expensive, trailer parks fill up. Product substitution!!)

 

[syswizard]

Sky High Inflation NOT POSSIBLE without a commesurate increase in wages.

Prices may go up, but that won't last......thus leading to inflationary depression.
That's a real likelihood right now.