June inflation way below expections, MSM clickbait hypers and inflata-doomers lose interest in topic

[scaredyclassic]

The past and present wilt—I have fill’d them, emptied them.
And proceed to fill my next fold of the future.

Listener up there! what have you to confide to me?
Look in my face while I snuff the sidle of evening,
(Talk honestly, no one else hears you, and I stay only a minute longer.)

Do I contradict myself?
Very well then I contradict myself,
(I am large, I contain multitudes.)

I concentrate toward them that are nigh, I wait on the door-slab.

Who has done his day’s work? who will soonest be through with his supper?
Who wishes to walk with me?

Will you speak before I am gone? will you prove already too late?

[scaredyclassic]

Walt Whitman.

Never read the context of the I am large quote.

Almost sounds like he’s blogging.

[an]

[quote=scaredyclassic]The 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%5B/quote%5D
LOL, the earth will destroy us long before we can destroy it. It survived meteor that caused the extinction of dinosaurs, so I’m sure it can handle anything we throw at it. We might not be able to handle what it throws back though.

[scaredyclassic]

[quote=an][quote=scaredyclassic]The 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%5B/quote%5D
LOL, the earth will destroy us long before we can destroy it. It survived meteor that caused the extinction of dinosaurs, so I’m sure it can handle anything we throw at it. We might not be able to handle what it throws back though.[/quote]

Lol. What I mean when I say destroy the earth is destroy the habitat that sustains us. Lol.

Indeed, the “Earth” won’t exist without us, as the word earth, it’s a human word, and without humans, whatever is here will have no one to call it “earth”. It will be a nameless rock. No not even a nameless rock, as the very concept of anything being named and unnamed will disappear with us. So no, the “earth” cannot survive without us.

Lol.

Without language, I’m not sure anything knowable to us can exist. See, e.g., genesis 1.

Shop on, Americans!!!

[an]

[quote=scaredyclassic][quote=an][quote=scaredyclassic]The 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%5B/quote%5D
LOL, the earth will destroy us long before we can destroy it. It survived meteor that caused the extinction of dinosaurs, so I’m sure it can handle anything we throw at it. We might not be able to handle what it throws back though.[/quote]

Lol. What I mean when I say destroy the earth is destroy the habitat that sustains us. Lol.

Indeed, the “Earth” won’t exist without us, as the word earth, it’s a human word, and without humans, whatever is here will have no one to call it “earth”. It will be a nameless rock. No not even a nameless rock, as the very concept of anything being named and unnamed will disappear with us. So no, the “earth” cannot survive without us.

Lol.

Without language, I’m not sure anything knowable to us can exist. See, e.g., genesis 1.

Shop on, Americans!!![/quote]
if a tree falls and no one is around to hear it, it still makes a sound

Earth is an English word. People who speak other languages does not call this rock earth

[scaredyclassic]

[quote=an][quote=scaredyclassic][quote=an][quote=scaredyclassic]The 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%5B/quote%5D
LOL, the earth will destroy us long before we can destroy it. It survived meteor that caused the extinction of dinosaurs, so I’m sure it can handle anything we throw at it. We might not be able to handle what it throws back though.[/quote]

Lol. What I mean when I say destroy the earth is destroy the habitat that sustains us. Lol.

Indeed, the “Earth” won’t exist without us, as the word earth, it’s a human word, and without humans, whatever is here will have no one to call it “earth”. It will be a nameless rock. No not even a nameless rock, as the very concept of anything being named and unnamed will disappear with us. So no, the “earth” cannot survive without us.

Lol.

Without language, I’m not sure anything knowable to us can exist. See, e.g., genesis 1.

Shop on, Americans!!![/quote]
if a tree falls and no one is around to hear it, it still makes a sound

Earth is an English word. People who speak other languages does not call this rock earth[/quote]

Sound. Definition.

vibrations that travel through the air or another medium and can be heard when they reach a person’s or animal’s ear.

Vibrations yes.

Sound, no.

[Coronita]

Is the earth flat or round? im confused these days.

[scaredyclassic]

The small piece of earth each man dies alone upon is flat.

[gzz]

[quote=Coronita]wait, how are you srguing theres no inflation on this thread but on the other thread talking about how rents are going to the moon???

[/quote]

The rent increases are real, not artifacts of high background inflation.

Even with low overall inflation, some prices will go up a lot while others will drop.

[gzz]

[quote=Rich Toscano]
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.

[/quote]

I agree it is a mistake, but it isn’t my own. I think all monetary aggregates are worthless as indicators of future inflation in the context of developed nations with shrinking skilled workforces and growing economic inequality.

All the “OMG money supply doubled FED IS PRINTING MONEY!!!!” arguments come from the inflatadoomers.

[quote=Rich Toscano]
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.
[/quote]

I don’t agree “the bond market has pretty famously been terrible at predicting inflation.” You accuse me of immodesty, but I am the one that doesn’t presume to know better than the collective wisdom of the market. My best guess for future inflation is exactly what the market is predicting, about 1.6% per year over 5 years and 2% over 30.

I am also not the one here bringing up personal anecdotes about rising prices instead of relying on the expertise of government agencies that have been carefully measuring inflation using many methods over the past 75 years or so. I also don’t think I know better than the Fed, which IMO has been doing a really great job since 2012.

[Coronita]

[quote=gzz][quote=Coronita]wait, how are you srguing theres no inflation on this thread but on the other thread talking about how rents are going to the moon???

[/quote]

The rent increases are real, not artifacts of high background inflation.

Even with low overall inflation, some prices will go up a lot while others will drop.[/quote]

So it’s inflation, but not really inflation. Ok…

[an]

[quote=Coronita][quote=gzz][quote=Coronita]wait, how are you srguing theres no inflation on this thread but on the other thread talking about how rents are going to the moon???

[/quote]

The rent increases are real, not artifacts of high background inflation.

Even with low overall inflation, some prices will go up a lot while others will drop.[/quote]

So it’s inflation, but not really inflation. Ok…

[/quote]
It’s not inflation, it’s just price increases.

[sdrealtor]

LOL

[Anonymous]

[quote=gzz] I also don’t think I know better than the Fed, which IMO has been doing a really great job since 2012.[/quote]

Great job at what? Printing money? Not real hard to do if you own the virtual printing press. But if you are heavily invested in stock and RE markets I’m sure you think they are doing an awesome job because they are making you rich.

Meanwhile rent and housing prices are going to the moon and that is the biggest expense for the majority of folks. But apparently that doesn’t count as inflation.

[Rich Toscano]

[quote=gzz][quote=Rich Toscano]
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.

[/quote]

I agree it is a mistake, but it isn’t my own. I think all monetary aggregates are worthless as indicators of future inflation in the context of developed nations with shrinking skilled workforces and growing economic inequality.

All the “OMG money supply doubled FED IS PRINTING MONEY!!!!” arguments come from the inflatadoomers.

[quote=Rich Toscano]
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.
[/quote]

I don’t agree “the bond market has pretty famously been terrible at predicting inflation.” You accuse me of immodesty, but I am the one that doesn’t presume to know better than the collective wisdom of the market. My best guess for future inflation is exactly what the market is predicting, about 1.6% per year over 5 years and 2% over 30.

I am also not the one here bringing up personal anecdotes about rising prices instead of relying on the expertise of government agencies that have been carefully measuring inflation using many methods over the past 75 years or so. I also don’t think I know better than the Fed, which IMO has been doing a really great job since 2012.[/quote]

The market gets things wrong all the time. it’s not really immodest to point this out. This site wouldn’t exist if markets didn’t get things wrong sometimes! And FWIW – you point it out all the time yourself with regard to other asset classes.

So I don’t think it’s immodest to be skeptical of market prices as proof of anything.

I accused you of immodesty because you are coming across as if you have the inflation thing all figured out. Maybe I’m misreading you, but that’s the vibe I’m getting. The Fed, whom you claim to defer to, is showing a lot more uncertainty and humility on this very complex topic than you are.

[Author]

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