Please show us the issue then.
These statements about transitory inflation are bs, it is INFLATION!
- Thread starter wildchild
- Start date
Please show us the issue then.
In many recent rmarkets, when oil gets into the $100s per barrell due to global crisis or inflation/economic bubbles, it lasts there for about 3-4 months before it slides back to the $90s and eventualyl has a mini crash.
We are maybe a month away from oil starting to suffer this and if it follow the cycle by mid summer we could see some serious cracks. Starting to reduce my exposure to oil that do so well since Apr/May 2020. No way the ecnonomy can sustain $100 - $115 oil except that Russia is causing quite the supply crunch.
There are two arguments here, and you're kinda getting them mixed up. The first is that there is no inflation, or that inflation is transitory. That was the Barry comment, and all the tweets where he was saying inflation wasn't going to come, etc. and so forth. Dead wrong. It came, and it wasn't "transitory" unless you stretch the definition of "transitory" way beyond the actual word. In today's world where we keep making words mean other things, who knows?
Then there is the second argument about the cause of inflation, where I say a significant factor was the pushing of massive fiscal stimulus and you say it wasn't a factor.
Yellen was wrong on both accounts - the cause, and that inflation was only transitory.
But how many recent markets had the same structural oil issues? I think the previous spikes were more driven by speculative themes than actual 1/3 the worlds supply being frozen. That could be a big difference.
Between printing money, oil prices keeps going higher due to Biden's administration wanting USA to not be self sufficient in oil, federal and state governments paying huge sums to farmers not to farm increases food bill and added oil prices increases food transportation that much more.
https://modernfarmer.com/2022/03/ca...farmers have,acres vacant this growing season.
Country was doing much better before pandemic hit.
https://www.webmd.com/lung/news/20220426/almost-60-percent-infected-by-covid
We still battling with pandemic, until all get back to work, we most likely get worse with inflation.
https://modernfarmer.com/2022/03/ca...farmers have,acres vacant this growing season.
Country was doing much better before pandemic hit.
https://www.webmd.com/lung/news/20220426/almost-60-percent-infected-by-covid
We still battling with pandemic, until all get back to work, we most likely get worse with inflation.
Well we had spikes on Middle East unrest or inflationary pressures.... the thing is russia is still going on...
I get this is your opinion but you have shown no measurements to prove this. We can measure what is causing inflation. It’s not just a bunch of people drinking beer in the middle of the day and spitballing opinions. You should be able to show me the data.
You haven't shown jack, either. All you did was link to Barry - who is so obviously in err as to make the twitter account laughable. No inflation. LOL
If you're saying I need to prove that there is inflation right now because you don't believe it, then I can happily do so.
If you're saying I need to prove it has to do with money in the system, then you either lack the economics background to understand the concept, or are being intentionally obtuse.
The last oil shock you could compare this to would be the early 80s, no? What other oil price shock was structural like this?