Home › Forums › Financial Markets/Economics › June inflation way below expections, MSM clickbait hypers and inflata-doomers lose interest in topic
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scaredyclassic.
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July 30, 2021 at 12:55 PM #23115July 30, 2021 at 1:14 PM #822699
gzz
ParticipantMore good news from 2 weeks ago: that stupid $1500 “adverse market fee” that raised conventional refi rates by .125-.25 is now GONE.
July 30, 2021 at 1:21 PM #822700sdrealtor
ParticipantWell that’s certainly putting a happy spin on the highest inflation since 1991
July 30, 2021 at 2:11 PM #822701an
ParticipantSo if you don’t eat, don’t use HVAC, don’t drive, don’t live in a home, then there’s no major inflation. Got it.
July 30, 2021 at 3:36 PM #822705ParticipantApparently does not comprehend that below expectations does not mean there isn’t record inflation
July 30, 2021 at 4:56 PM #822706ParticipantWrong. In March 1947 it was 19.7%, and was last above 10% in Dec 1981.
Inflata-doomers, in addition to false claims of “record inflation” like this, also constantly change their measure. When 1-month inflation is high, they annualize. When the monthly goes down, then they go to YoY.
The click-bait peddlers that hook the inflatadoomers so easily love to have little interviews and human interest stories about high inflation outliers, but you never seem them interview some guy buying a 60 inch TV at Wal-Mart for fewer nominal dollars than a 25 inch one ten years ago and saying “Hey this deflation’s awesome!”
July 30, 2021 at 5:15 PM #822707ParticipantCleveland Fed’s inflation market-based inflation expectation measure: 1.61% per year the next five years, and 2.01% over 30 years.
But that’s booooooring. Nobody will click on that!
https://www.clevelandfed.org/our-research/indicators-and-data/inflation-expectations.aspx
July 30, 2021 at 5:25 PM #822708ParticipantReminder: From 1995 to the present, the money supply in Japan went up more than 400%, but prices went up about 4%. Not per year, 4% total over 26 years.
July 30, 2021 at 5:33 PM #822709XBoxBoy
ParticipantGzz, I really don’t get the point of this thread or your remarks. Just who are you claiming are inflata-doomers? Sure, there’s tons of click bait on the web about inflation going crazy. There always has been. There’s still more click bait about about everything you can think of. (The markets are going to crash every day if you follow some of the headlines.) Do you take this click bait as being representative of the MSM? How do you come to the conclusion that all the people posting click bait or trying to spread inflation doom scenarios have stopped? Maybe more importantly why are you angry about this?
From my daily intake of MSM I see healthy discussion about whether inflation is transitory or will last. But in the MSM I mostly see articles about how in the last couple of months inflation has been higher than expected, but interest rates have continued to fall, so it’s a bit confusing. Overall, from the MSM websites that I visit I don’t see much more than a bit of concern over the situation. And more I see people reassuring that this inflation probably won’t last. (Personally, I have no idea either way, which is why I started the thread asking if inflation is transitory.)
What’s more, I’m not even sure why you care that actual data came in different than expectations. Whose expectations? Not mine. Why should I or anyone care about that? Doesn’t data come in different than expectations all the time?
And as a last comment, I’ll just suggest that you shouldn’t start waving the victory flag after one months data.
July 30, 2021 at 6:21 PM #822710
Rich ToscanoKeymaster[quote=gzz]Reminder: From 1995 to the present, the money supply in Japan went up more than 400%, but prices went up about 4%. Not per year, 4% total over 26 years.
https://fred.stlouisfed.org/series/MANMM101JPM189S
https://fred.stlouisfed.org/series/JPNCPIALLMINMEI%5B/quote%5D
M1 is not the correct monetary aggregate to use here. That’s a rookie mistake. I humbly suggest you reconsider your level of expertise on this topic.
Along those lines — the bond market has pretty famously been terrible at predicting inflation. So citing breakevens or interest rates as “proof” that you are right is unconvincing and also a bit of an overconfidence red flag.
This is a good and interesting topic; I personally enjoy reading arguments from both sides. So thanks for bringing your viewpoint to the table, but I think you could stand to recalibrate your level of self-assuredness here.
(PS I am not an expert either… which I mention because I don’t want this to be read as claiming to be so).
July 30, 2021 at 7:42 PM #822711scaredyclassic
ParticipantI can’t believe how expensive shit is.
July 31, 2021 at 11:50 AM #822712Participant[quote=gzz]Wrong. In March 1947 it was 19.7%, and was last above 10% in Dec 1981.
Inflata-doomers, in addition to false claims of “record inflation” like this, also constantly change their measure. When 1-month inflation is high, they annualize. When the monthly goes down, then they go to YoY.
The click-bait peddlers that hook the inflatadoomers so easily love to have little interviews and human interest stories about high inflation outliers, but you never seem them interview some guy buying a 60 inch TV at Wal-Mart for fewer nominal dollars than a 25 inch one ten years ago and saying “Hey this deflation’s awesome!”[/quote]
Both before you were born
July 31, 2021 at 3:44 PM #822713ParticipantNot quite inflation, but be prepare for higher pork prices https://apnews.com/article/lifestyle-business-health-california-coronavirus-pandemic-5ebe70407fcd94ef712c16410f32c4b1
July 31, 2021 at 7:22 PM #822714ParticipantThe true cost party
Wants all prices to disclose full environmental cost of the product.
Upside. You’ll feel like you’re getting a screaming deal while destroying the earth
https://www.adbusters.org/listserv/the-true-cost-party-of-america
August 1, 2021 at 2:52 AM #822715
CoronitaParticipantwait, how are you srguing theres no inflation on this thread but on the other thread talking about how rents are going to the moon???
https://www.piggington.com/rents_appear_be_mooning
dont get it.
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