US Inflation - it could be worse

148,207 Views | 1312 Replies | Last: 1 yr ago by movielover
movielover
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Cal88
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Happy Easter!



dajo9
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movielover said:




This is exciting news. Once America loses the strong dollar our goods will be far more competitive globally again. The resurgence in manufacturing and agriculture will be a boom for the average American and will greatly benefit the U.S. middle class.
Unit2Sucks
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dajo9 said:

movielover said:




This is exciting news. Once America loses the strong dollar our goods will be far more competitive globally again. The resurgence in manufacturing and agriculture will be a boom for the average American and will greatly benefit the U.S. middle class.


Good luck displacing the dollar. I'm sure there were similar geniuses making the same claim about the Euro decades ago and look how that turned out. A common currency among all of these unstable nations which don't have well developed monetary policy will be a complete disaster. It wouldn't be the end of the US economy despite what America haters may want to pretend. Listening to these agenda driven fakers is hilarious. No wonder so many of these people get scammed.

Fascinating to see the radicalization of US garden variety conservatives in real time. They used to be pro America and at least theoretically well intentioned, if misguided, but now you have people like ML cheerleading for enemies of the state like Putin and anti American zealots like Kim Dotcom.

How long before he re tweets ISIS propaganda?
movielover
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Not cheering on, just noting what's on the table.
Cal88
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dajo9 said:

movielover said:




This is exciting news. Once America loses the strong dollar our goods will be far more competitive globally again. The resurgence in manufacturing and agriculture will be a boom for the average American and will greatly benefit the U.S. middle class.

Agreed.



I can see the US$ dropping into the 20%-30% range within a decade. At that point, the US will have to cover its trade and budget deficits rather than continue to print dollars knowing that foreign demand for US$ and treasuries will cover that excess liquidity.

A decade from now or so, China's domestic market will become large enough for them to gradually switch to a strong domestic Yuan rather than maintaining that currency below its real value to prop up their exports. That will reduce trade deficit with China and improve US manufacturing and trade.
dajo9
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Cal88 said:

dajo9 said:

movielover said:




This is exciting news. Once America loses the strong dollar our goods will be far more competitive globally again. The resurgence in manufacturing and agriculture will be a boom for the average American and will greatly benefit the U.S. middle class.

Agreed.



I can see the US$ dropping into the 20%-30% range within a decade. At that point, the US will have to cover its trade and budget deficits rather than continue to print dollars knowing that foreign demand for US$ and treasuries will cover that excess liquidity.

A decade from now or so, China's domestic market will become large enough for them to gradually switch to a strong domestic Yuan rather than maintaining that currency below its real value to prop up their exports. That will reduce trade deficit with China and improve US manufacturing and trade.


It's not a matter of "have to cover its trade and budget deficits". Currency valuations will make it happen. Lower USD = higher U.S. exports. The money will go to Main Street instead of Wall Street.
DiabloWags
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oski003 said:

DiabloWags said:

OdontoBear66 said:

DiabloWags said:

Hourly wages for the past 3 months are +3.8% annualized.

Yeah, the lower classes sure are doing "better" with inflation!


Is that inflation still of the transitory type as was proscribed for better than a year?

Jerome Powell will go down as the WORST Fed Chairman in history.

Because you know, Trump only hires the "best" people.

Janet Yellen was only 5' 2".

And now, it's like they are driving down a freeway in the fog and hitting the brakes.
No bueno.

The market doesnt believe them.
It's already factoring interest rate cuts for the second half of the year.




In 2021, Biden hired him to a second term because he and the Easter Bunny also hire the best people!


Duh.
Thats nothing new.
So why do you keep repeating it?

Oh wait.
I forgot that you're Mr. Contrary like Dajo is Mr. Deflection.

"Cults don't end well. They really don't."
oski003
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DiabloWags said:

oski003 said:

DiabloWags said:

OdontoBear66 said:

DiabloWags said:

Hourly wages for the past 3 months are +3.8% annualized.

Yeah, the lower classes sure are doing "better" with inflation!


Is that inflation still of the transitory type as was proscribed for better than a year?

Jerome Powell will go down as the WORST Fed Chairman in history.

Because you know, Trump only hires the "best" people.

Janet Yellen was only 5' 2".

And now, it's like they are driving down a freeway in the fog and hitting the brakes.
No bueno.

The market doesnt believe them.
It's already factoring interest rate cuts for the second half of the year.




In 2021, Biden hired him to a second term because he and the Easter Bunny also hire the best people!


Duh.
Thats nothing new.
So why do you keep repeating it?

Oh wait.
I forgot that you're Mr. Contrary like Dajo is Mr. Deflection.




I will go back and reply to your "original" point in another manner that you should approve of.
oski003
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DiabloWags said:

OdontoBear66 said:

DiabloWags said:

Hourly wages for the past 3 months are +3.8% annualized.

Yeah, the lower classes sure are doing "better" with inflation!


Is that inflation still of the transitory type as was proscribed for better than a year?

Jerome Powell will go down as the WORST Fed Chairman in history.
Because you know, Trump only hires the "best" people.
Janet Yellen was only 5' 2".

And now, it's like they are driving down a freeway in the fog and hitting the brakes.
No bueno.

The market doesnt believe them.
It's already factoring interest rate cuts for the second half of the year.





Trump is the first president ever WITHOUT a dog.
Trump hiring Powell.
Thats nothing new.
So why do you keep repeating it? Duh. Did I mention that Trump DOESNT even have a dog???
DiabloWags
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Better yet, let me know when you and Dajo have some "skin" in the game.

You guys are the poster child for "Big Hat, No Cattle"

Happy Easter!


"Cults don't end well. They really don't."
oski003
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DiabloWags said:

Better yet, let me know when you and Dajo have some "skin" in the game.


I HAVE a dog.
DiabloWags
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I couldnt care any less.
I still wouldnt let you WASH MY CAR.

"Cults don't end well. They really don't."
oski003
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DiabloWags said:

I couldnt care any less.
I still wouldnt let you WASH MY CAR.



I COULD care less.
I still wouldn't let you SWEEP IN FRONT OF MY CARDBOARD BOX.
DiabloWags
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"Cults don't end well. They really don't."
movielover
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Bush Jr. got us into wars.
Obama got us into wars.
Biden got us into war with Russia & his pullout from Afghanistan was an epic disaster & armed terrorist groups for decades.

President Trump - mean tweets, no wars. Brought military and hostages home. Nixed at least 4 wars the neocons / MIC pushed, including Iran.
dajo9
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movielover said:

Bush Jr. got us into wars.
Obama got us into wars.
Biden got us into war with Russia & his pullout from Afghanistan was an epic disaster & armed terrorist groups for decades.

President Trump - mean tweets, no wars. Brought military and hostages home. Nixed at least 4 wars the neocons / MIC pushed, including Iran.



Lol
Cal88
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A RINO Republican like Rubio or Jeb, Haley, Cruz etc could have easily given Bolton and Pompeo carte blanche to strike Iran, Trump held them back. Whether you like it or not, Trump is the anti-war wing of the GOP.
dajo9
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Cal88 said:

A RINO Republican like Rubio or Jeb, Haley, Cruz etc could have easily given Bolton and Pompeo carte blanche to strike Iran, Trump held them back. Whether you like it or not, Trump is the anti-war wing of the GOP.


Trump can be the anti war wing of THE GOP. That's not exactly a high bar to cross. What's a joke is the depiction of the Democrats.
Cal88
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Do the Democrats even have an anti-war wing today??
dajo9
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Cal88 said:

Do the Democrats even have an anti-war wing today??


It's our only wing. Along with pro democracy, peace through strength, anti-corruption, and anti-authoritarian.
Cal88
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dajo9 said:

Cal88 said:

Do the Democrats even have an anti-war wing today??

It's our only wing. Along with pro democracy, peace through strength, anti-corruption, and anti-authoritarian.

So then war in Ukraine, to the last Ukrainian, Biden and Pelosi leading the anti-corruption effort, and 20 years in jail for using a VPN... Great platform.
dajo9
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Cal88 said:

dajo9 said:

Cal88 said:

Do the Democrats even have an anti-war wing today??

It's our only wing. Along with pro democracy, peace through strength, anti-corruption, and anti-authoritarian.

So then war in Ukraine, to the last Ukrainian, Biden and Pelosi leading the anti-corruption effort, and 20 years in jail for using a VPN... Great platform.
I use a VPN regularly. I have no fear of going to jail for 20 years.

Trump inauguration fined
Trump charity fined and shut down
Trump University fined
Trump Org convicted
Trump negotiating real estate in Moscow while running for President and receiving help from Putin
Trump lying about having a bank account in China while President

Yeah. We're good.
sycasey
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Wait, which wars did Obama "get us into?"
dajo9
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sycasey said:

Wait, which wars did Obama "get us into?"
Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.
oski003
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dajo9 said:

sycasey said:

Wait, which wars did Obama "get us into?"
Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.


Biden didn't start the war in Ukraine, but he certainly got us into it.
DiabloWags
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In an effort to get the thread back ON TOPIC, the March CPI report comes out tomorrow.

Expectations are for a 5.2% rise from a year ago.
It's expected to rise 0.3% month on mont while the Core CPI is expected to rise 0.4%

Some bigger numbers are about to drop "out" in the next few months.
See chart below.





"Cults don't end well. They really don't."
Eastern Oregon Bear
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dajo9 said:

sycasey said:

Wait, which wars did Obama "get us into?"
Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.
Yep, in their minds, every war everywhere was started by the US. Unless the president was a Republican.
DiabloWags
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"Cults don't end well. They really don't."
OdontoBear66
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Eastern Oregon Bear said:

dajo9 said:

sycasey said:

Wait, which wars did Obama "get us into?"
Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.
Yep, in their minds, every war everywhere was started by the US. Unless the president was a Republican.
Have you ever thought of the possibility that war is not a great thing whether it be an R or a D? Likewise that govt. spending to excess is also not good whether it be an R or a D? Everyone here is so consumed with whose fault it is.
DiabloWags
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OdontoBear66 said:

Eastern Oregon Bear said:

dajo9 said:

sycasey said:

Wait, which wars did Obama "get us into?"
Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.
Yep, in their minds, every war everywhere was started by the US. Unless the president was a Republican.
Have you ever thought of the possibility that war is not a great thing whether it be an R or a D? Likewise that govt. spending to excess is also not good whether it be an R or a D? Everyone here is so consumed with whose fault it is.

Yup.
That's why this is yet another thread on Bearinsider that becomes absolutely worthless.
"Cults don't end well. They really don't."
dajo9
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OdontoBear66 said:

Eastern Oregon Bear said:

dajo9 said:

sycasey said:

Wait, which wars did Obama "get us into?"
Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.
Yep, in their minds, every war everywhere was started by the US. Unless the president was a Republican.
Have you ever thought of the possibility that war is not a great thing whether it be an R or a D? Likewise that govt. spending to excess is also not good whether it be an R or a D? Everyone here is so consumed with whose fault it is.
Yes, that is why I vote for candidates who don't start wars (and in fact, get us out of wars like Afghanistan) and I vote for candidates who reduce deficits.
OdontoBear66
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dajo9 said:

OdontoBear66 said:

Eastern Oregon Bear said:

dajo9 said:

sycasey said:

Wait, which wars did Obama "get us into?"
Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.
Yep, in their minds, every war everywhere was started by the US. Unless the president was a Republican.
Have you ever thought of the possibility that war is not a great thing whether it be an R or a D? Likewise that govt. spending to excess is also not good whether it be an R or a D? Everyone here is so consumed with whose fault it is.
Yes, that is why I vote for candidates who don't start wars (and in fact, get us out of wars like Afghanistan) and I vote for candidates who reduce deficits.
I vote in the direction of not creating deficits in the first place. That involves controlling spending.
dimitrig
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OdontoBear66 said:

dajo9 said:

OdontoBear66 said:

Eastern Oregon Bear said:

dajo9 said:

sycasey said:

Wait, which wars did Obama "get us into?"
Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.
Yep, in their minds, every war everywhere was started by the US. Unless the president was a Republican.
Have you ever thought of the possibility that war is not a great thing whether it be an R or a D? Likewise that govt. spending to excess is also not good whether it be an R or a D? Everyone here is so consumed with whose fault it is.
Yes, that is why I vote for candidates who don't start wars (and in fact, get us out of wars like Afghanistan) and I vote for candidates who reduce deficits.
I vote in the direction of not creating deficits in the first place. That involves controlling spending.

And/or increasing revenue

sycasey
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oski003 said:

dajo9 said:

sycasey said:

Wait, which wars did Obama "get us into?"
Careful, you will open up the litany of lies and propaganda about how Obama started the wars in Syria and Libya, etc. just like Biden "really" started the war in Ukraine. Mastermind democrats playing 3-D chess are responsible for everything bad that happens in the world.


Biden didn't start the war in Ukraine, but he certainly got us into it.
How many troops do we have fighting in Ukraine, again?
 
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