70s-style inflation

REELDOC

REELDOC

The creek won't clear up til you get the pigs out.
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I continue to believe that the fed has the tools to control inflation, but if they don’t apply those tools in an effective way then it’s going to be a rough ride. So far it looks like they are too hands-off for fear of spooking the equity markets which get all the headlines, so expect it’ll be a problem.

As for where gold goes, I don’t know.
 
I look at inflation as another form of taxation. The Feds write bad checks and we get to see our money’s worth evaporate right before our eyes all the while the rich keep ahead of the game by ‘wise’(insider knowledge) investments. Biggest con game on the planet.
 
OldNascar said:
I look at inflation as another form of taxation. The Feds write bad checks and we get to see our money’s worth evaporate right before our eyes all the while the rich keep ahead of the game by ‘wise’(insider knowledge) investments. Biggest con game on the planet.
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Nothing will change until folks snap and the liberty tree gets some blood on it. History repeats.
 
If y'all think the .gov is the only factor that underscores inflation, take a moment to read some econ 101 books. Government monetary policy is part, but only one part, of the formula. Mother nature, human nature, consumer habits, the butterfly effect...
 
If those in power release the brakes on the Fed Reserve rate. The flood gate will open and the prime will jump thus sending inflation soaring … the 70’s level might be only a start if the world market bought in.
 
JBoyette said:
A 20 year war is not free.
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No, it is not. Nor is kowtowing (kissing ass?) to the Chinese, et al., for unequitable trade practices, mismanaged pandemic with a portion of the world's work force out of work, killing policies that were friendly to US energy industries, a rise in production costs, a rapid rate of minimum wage increase....

Two biggest factors, right this second, are demand-pull and monetarism/fiscal policy.
 
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Between the concentration camps they're keeping the Uyghur's in, COVID, and China's blatant human rights violations, I personally think we need to be working on freeing the US from any and all business with that country. We, and the world would be better off in the long run.
 
RedneckFur said:
Between the concentration camps they're keeping the Uyghur's in, COVID, and China's blatant human rights violations, I personally think we need to be working on freeing the US from any and all business with that country. We, and the world would be better off in the long run.
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I agree.

What's interesting is, 10% of their economy comes from the US (trade and direct purchase). It would slow them down for a couple minutes, but they would find what they need elsewhere. So could we.
 
Stocks ate too deep in the Chinese manufacturing for anyone to touch it. Investments are where politicians make their wealth. It will not get touch.
 
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