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Treasury yields are falling since March. Just look at the global bond market......multi-month lows all around. Global economy has been PERMANENTLY DAMAGED and this INFLATION HYSTERIA will pass soon. Transitory inflation isn’t real inflation. It’s all transitory price behavior created by Speculators.
Bond yields represent expected future interest rates, not inflation and the fed has said they are going to keep it low for years. In addition the fed is buying treasuries and so are pension funds who are required to buy bonds. Low bond yields do not mean low inflation.
Also, speculators are driving the price up?! That is the same kind of reasoning we get from socialist leaders such as Maduro. The real reason is too much demand due to excessive growth in money supply.
most of it is low inventory vs an economy opening up supply chain issues .... likely a temporary situation .
I’m in the middle of a major house renovation and just about every vendor that I’m doing business with is saying that these increased prices are here to stay.
I’m in the middle of a major house renovation and just about every vendor that I’m doing business with is saying that these increased prices are here to stay.
I’m guessing that’s location dependent? My area is seeing a building and renovation boom. Houses are going for 10, 20, 50K over asking. I just paid 11 over asking for a 3000 square foot ranch that I need to put 150-200k into. It’s going to be over the top though and worth at least 75k more than the purchase and renovation prices. I’ll sell it myself as a ham sandwich can sell a house in this market in my area
The rise in used car prices really distorted the reported number.
If AirBnB rents were in the index, inflation would be double digits. Vacation rental prices, because of the dynamic pricing algorithm being used by most hosts now, have exploded. Anyone who hasn't priced a vacation rental recently is in for a nasty surprise.
I have and I'm just not going to pay it. We were thinking about a trip to the Keys last month, instead we went to Cozumel where prices are stable and we can get a decent room for $50-60/nt.
Bond yields represent expected future interest rates, not inflation and the fed has said they are going to keep it low for years. In addition the fed is buying treasuries and so are pension funds who are required to buy bonds. Low bond yields do not mean low inflation.
Also, speculators are driving the price up?! That is the same kind of reasoning we get from socialist leaders such as Maduro. The real reason is too much demand due to excessive growth in money supply.
A calm look at the global economy sees many black clouds hovering over the global village. Global economy recovery is a dream illusion. RECESSION is at hand, NOT REFLATION. Giving away money in the form of COVID relief is, like repressed interest rates or ZIRP, a stalling mechanism. Speculation has driven up prices, and interest rates too, but is REAL DEMAND driving prices up or is it merely speculator's money?
Yes, shortages are real, COVID has kept people from working, but if COVID is going to be rendered harmless by jabs, then those shortages SHOULD begin to disappear. And perceived red hot demand also.
We will see lower rates and interest rate suppression will continue. Deflation is what makes FED Knuckleheads awake at night, NOT Inflation.
WAGES would not come down,employer should not speak with fork tongue.
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