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Inflation
creepycoug
Member Posts: 23,600
I can hear the printing machine at the US mint humming away as I type this. This topic is covered in another thread, but two of our resident smart guys on the economis started trading blows and left the rest of us behind. Once "core rate" started being thrown around, I began feeling like our beautiful savage @Swaye and tapped out.
As gentlemen of means (sorry @Doog_de_Jour ), we? should all have a view on inflation for cocktail party talk. Why will this likely happen or likely not happen? The Economis 101 model we all learned in Kane Hall tells us an excess supply of anything should depress value, but it's not that simple.
- my unsophisticated thought has been that there's no place else to go. the US is still the place people want to be (at least economically); and the US dollar is the official proxy for that economy. someone challenged that the economies of India and China are potential stand-alone economies that might eventually be the alternative that buries us?
- the other no-problem explanation is simple: we've been hearing about this forever, and Ted.Knight.waiting.gif. The economy itself just handles it.
@UW_Doog_Bot , economosist extraordinaire, and @godawgst , Fin Tech master of data, are your huckleberries here. May we reprise this one? And dumb it down a little this tim? Asking for a fren.
As gentlemen of means (sorry @Doog_de_Jour ), we? should all have a view on inflation for cocktail party talk. Why will this likely happen or likely not happen? The Economis 101 model we all learned in Kane Hall tells us an excess supply of anything should depress value, but it's not that simple.
- my unsophisticated thought has been that there's no place else to go. the US is still the place people want to be (at least economically); and the US dollar is the official proxy for that economy. someone challenged that the economies of India and China are potential stand-alone economies that might eventually be the alternative that buries us?
- the other no-problem explanation is simple: we've been hearing about this forever, and Ted.Knight.waiting.gif. The economy itself just handles it.
@UW_Doog_Bot , economosist extraordinaire, and @godawgst , Fin Tech master of data, are your huckleberries here. May we reprise this one? And dumb it down a little this tim? Asking for a fren.
Comments
I'm not sure how stable things are going to be going forward, and how that will impact the economy.
If we continue to print money and resume giving billions away to Iran, etc, we can't maintain the predominant position indefinitely. Or can we?
No party in power every worries about inflation. Worrying about inflation is for the losers, and they regularly do.
At least that's what it looks like to me.
The give-away money part is another question. I think that falls into the same category of response. It doesn't matter for the dollar as long as the US economy is still the show and dollar represents a proxy for that economy. Others may disagree.
These DC riots will seem like tame shit if we? wake up one day and bread costs $12.50 / loaf and a single block of ramen noodles goes for $4.50. At that point the pours (the real ones, not the pour-mouth @YellowSnow s) will not be able to adequately feed themselves and the shit will hit the fan.
And nobody, even the riches, will be buying flooring from @RaceBannon and his partner. Flooring? Did you say flooring? In this economy? Flooring? [Mora.gif]
We'll? never let it go that far again because housing is such a yuge factor in the health of the economy.
They should have got into carpet laying
hth
This year's events could change things some, but I have faith in our fiat dollar.
We survived
The WIN button
And, if I recall, pretty close to 20% down.