These statements about transitory inflation are bs, it is INFLATION!

[delta_1]

wut

https://twitter.com/x/status/1555605070850441217

As a european I can assure you it doesn't have to do with any of your politcians.
Here in Europe is inflation is crazy at the moment as well as in asia.
The war has hugely influenced energy prices.
Furthermore russia and ukraine produce huge amounts of grain in peaceful times...
So that supply is also gone now.

Not to mention China locking down entire cities. No wonder supply chaines are disrupted which makes many things more expensive...

Now if the ukraine/russia conflict can have such a big impact on other countries how big might the impact of an armed conflict between the US and China be?
IMHO this videos sums up the threats to the world economy pretty good:

 

[Mercor]

wut

https://twitter.com/x/status/1555605070850441217

Somehow they believe that if the Government pays your bills that it will bring inflation down,
because it lowers the cost of living for that particular person
Of course total spending is the same

 

[elderado]

 

[UsualName]

wut

https://twitter.com/x/status/1555605070850441217

This is true. What’s your beef?

 

[El OchoCinco]

Was in NYC at a diner near Times Square for breakfast..... almost $80 for 3..

Inflation has pushed up prices of eveything for sure but every place in NYC was packed... why would these places ever lower their prices even if costs dropped tomorrow...

 

[elderado]

This is true. What’s your beef?

You aren't serious.

 

[UsualName]

You aren't serious.

When am I ever not?

 

[El OchoCinco]

Sentinent seems to be shifting as forecasted imports for 2nd half of 2022 expected to be less than last year. Inflationary pricing slowing down consumer spending slowly but as I have said that doesn't translate to sellers suddenly lowering prices. First step is slow down of rising prices with plateaus and some pull back.

For example if freights were $2000 and jumped to $18,000 and pull back to $12,000 I doubt we will see them move back to $2000 without a global economic disaster. That means we have moved up to the next level of pricing/inflation.

 

[Cuddles]

 

[UsualName]

View attachment 291654

This was not a bad print and the Fed is going to think their rate hikes are working but they’re not. Consumers are simply tapping out. It’s showing up in credit card balances. All the Fed is doing is making so that some people will lose their houses and cars.