U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-30-2021, 09:49 AM
 
98,644 posts, read 97,755,949 times
Reputation: 72695

Advertisements

Quote:
Originally Posted by Bill the Butcher View Post
I wasn't alive yet but couldn't you get like a 10% one year CD in those days? 12% APR mortgage was a bargain?
You had a negative real return at 10%
Rate this post positively Reply With Quote Quick reply to this message

 
Old 05-30-2021, 10:03 AM
 
13,426 posts, read 12,752,455 times
Reputation: 42937
Quote:
Originally Posted by Taggerung View Post
Here's what's scary- we still haven't fully caught up to Obama era inflation, let alone Trump inflation, and by the time we see Biden's inflation, the USD will probably be confetti!
There was very little inflation under either Obama or Trump. The inflation we are experiencing now was to be expected.

This country is at the end stage of a major crisis. We've just lost 600,000 people in a disease epidemic which cost more lives than World War II, the Korean War, and the Vietnam War put together. All kinds of things had to be done to keep the country on its feet. We had to pay unemployment benefits to people who literally could work for months because they could not work because of what they did for a living. It was necessary to pay others more than a market wage to keep them waiting on people in stores and other essential areas of the economy. Inflation has typically followed the wars this country has fought. What we have been through is akin to a war. Vaccines ended the worst public health crisis we've been through in 100 years.

My prediction is that the inflation will accelerate for a few months and than recede as the economy returns to normality.

The inflation will provide strong incentives in our market economy to get businesses hiring workers, producing, and manufacturing. Prices will ultimately slump as production reaches record levels, but by the time that occurs we'll be experiencing record levels of employment and prosperity.

Time will tell. I'm actually pretty positive about the future.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-30-2021, 11:53 AM
 
Location: Flyover part of Virginia
3,048 posts, read 1,599,340 times
Reputation: 4183
Quote:
Originally Posted by markg91359 View Post
There was very little inflation under either Obama or Trump. The inflation we are experiencing now was to be expected.

This country is at the end stage of a major crisis. We've just lost 600,000 people in a disease epidemic which cost more lives than World War II, the Korean War, and the Vietnam War put together. All kinds of things had to be done to keep the country on its feet. We had to pay unemployment benefits to people who literally could work for months because they could not work because of what they did for a living. It was necessary to pay others more than a market wage to keep them waiting on people in stores and other essential areas of the economy. Inflation has typically followed the wars this country has fought. What we have been through is akin to a war. Vaccines ended the worst public health crisis we've been through in 100 years.

My prediction is that the inflation will accelerate for a few months and than recede as the economy returns to normality.

The inflation will provide strong incentives in our market economy to get businesses hiring workers, producing, and manufacturing. Prices will ultimately slump as production reaches record levels, but by the time that occurs we'll be experiencing record levels of employment and prosperity.

Time will tell. I'm actually pretty positive about the future.
Inflation=expansion of the money supply.

There was lots of funny money printing under Obama and even more under Trump.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-30-2021, 01:18 PM
 
13,426 posts, read 12,752,455 times
Reputation: 42937
Quote:
Originally Posted by Taggerung View Post
Inflation=expansion of the money supply.

There was lots of funny money printing under Obama and even more under Trump.
i define it as a significant rise in CPI.

That didn't happen.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-30-2021, 02:51 PM
 
Location: Ohio
23,494 posts, read 17,587,690 times
Reputation: 20384
Quote:
Originally Posted by Nasudesu View Post
Wow! Why is that? I have been feeling very uneasy with our economy since March and have noticed considerable price increases in many things we consume.
Many things, but not everything, which is proof Monetary Inflation is not out of control or even having an impact.

The price of many things increasing is proof of Demand-pull Inflation, which the Federal Reserve cannot control or cause or stop.

STUPID-19 has caused some reduced productivity, so Supply levels are low, but with Demand remaining constant or increasing, prices naturally rise. That is not Monetary Inflation, but it is Demand-pull Inflation, which the Federal Reserve did not cause, cannot control and cannot stop.

Fuel prices also have an effect costs relative to transportation/delivery of goods and resources. Again, that is Demand-pull Inflation and not Monetary Inflation.

When Demand-pull Inflation exists, you can:

1) Stop freaking consuming, which reduces Demand and lowers prices; and/or
2) Seek substitutes for those things affected by Demand-pull Inflation; and/or
3) Increase Supply or the Rate of Increase of Supply to match Demand and keep prices from rising further or actually lowering prices.

As everyone can plainly see, the Federal Reserve has nothing to do with any of that. It's all you.


I'm glad we got that straightened out.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-30-2021, 04:05 PM
 
98,644 posts, read 97,755,949 times
Reputation: 72695
Quote:
Originally Posted by Mircea View Post
Many things, but not everything, which is proof Monetary Inflation is not out of control or even having an impact.

The price of many things increasing is proof of Demand-pull Inflation, which the Federal Reserve cannot control or cause or stop.

STUPID-19 has caused some reduced productivity, so Supply levels are low, but with Demand remaining constant or increasing, prices naturally rise. That is not Monetary Inflation, but it is Demand-pull Inflation, which the Federal Reserve did not cause, cannot control and cannot stop.

Fuel prices also have an effect costs relative to transportation/delivery of goods and resources. Again, that is Demand-pull Inflation and not Monetary Inflation.

When Demand-pull Inflation exists, you can:

1) Stop freaking consuming, which reduces Demand and lowers prices; and/or
2) Seek substitutes for those things affected by Demand-pull Inflation; and/or
3) Increase Supply or the Rate of Increase of Supply to match Demand and keep prices from rising further or actually lowering prices.

As everyone can plainly see, the Federal Reserve has nothing to do with any of that. It's all you.


I'm glad we got that straightened out.
Not in this forum ..everything from cancer to global warming is the feds fault …the anti fed rants here are actually a joke already
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-30-2021, 05:13 PM
 
10,540 posts, read 4,699,612 times
Reputation: 18720
Quote:
Originally Posted by markg91359 View Post
My prediction is that the inflation will accelerate for a few months and than recede as the economy returns to normality.
Many macroeconomists agree with you.

As a practical matter, we are in the proverbial uncharted waters, so the large-scale quantitative macroeconometric models are flying a bit blind. (MIT, Penn/Wharton, Fed, Treasury, BLS, Chicago, others)

Quote:
Originally Posted by markg91359 View Post
Time will tell. I'm actually pretty positive about the future.
There are many risks - many of which are of our own making. The Biden administration insists on tying boat anchors to our economy in the way the Obama administration did, and that is not a good thing. If nut jobs like the shrill harpy Elizabeth Warren & mindless Occasional-Cortex were to have their way, our economy might not recover in our lifetimes.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-31-2021, 05:55 PM
 
7,612 posts, read 3,148,306 times
Reputation: 8640
Quote:
Originally Posted by mathjak107 View Post
Not in this forum ..everything from cancer to global warming is the feds fault …the anti fed rants here are actually a joke already
How is it not the Fed's fault we will soon be at 200% Debt to GDP by the time I'm 55?

I didn't vote for Janet Yellen, Mnuchin, Powell or any of these other quacks to be in office. Richard Wolff should be at the helm not these morons...
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-31-2021, 06:31 PM
 
16,214 posts, read 14,715,970 times
Reputation: 14629
Quote:
Originally Posted by markg91359 View Post
There was very little inflation under either Obama or Trump. The inflation we are experiencing now was to be expected.

This country is at the end stage of a major crisis. We've just lost 600,000 people in a disease epidemic which cost more lives than World War II, the Korean War, and the Vietnam War put together. All kinds of things had to be done to keep the country on its feet. We had to pay unemployment benefits to people who literally could work for months because they could not work because of what they did for a living. It was necessary to pay others more than a market wage to keep them waiting on people in stores and other essential areas of the economy. Inflation has typically followed the wars this country has fought. What we have been through is akin to a war. Vaccines ended the worst public health crisis we've been through in 100 years.

My prediction is that the inflation will accelerate for a few months and than recede as the economy returns to normality.

The inflation will provide strong incentives in our market economy to get businesses hiring workers, producing, and manufacturing. Prices will ultimately slump as production reaches record levels, but by the time that occurs we'll be experiencing record levels of employment and prosperity.

Time will tell. I'm actually pretty positive about the future.
Good post. IMO this is the most likely outcome.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-31-2021, 06:34 PM
 
16,214 posts, read 14,715,970 times
Reputation: 14629
Quote:
Originally Posted by Tencent View Post
How is it not the Fed's fault we will soon be at 200% Debt to GDP by the time I'm 55?

I didn't vote for Janet Yellen, Mnuchin, Powell or any of these other quacks to be in office. Richard Wolff should be at the helm not these morons...
Is the Wolff thing a joke? When I mentioned Neo-Marxists earlier I wasn't really talking about you but suddenly your chaos logic and doom fetish makes way more sense.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6.

© 2005-2023, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top