Finally! Good grief, it’s been a long wait to see someone on the TV pointing out the obvious.
CNBC’s Steve Liesman points out what all the financial pundits keep ignoring.
The price of raw material at origination is still climbing…. which means the prices of intermediate manufacturing goods will keep climbing… which means the prices of finished goods (to wholesalers) will keep climbing….. which means consumer prices will keep climbing. WATCH:
♦Here’s the kicker. The rate of raw material price increases are still higher than the rate of intermediate price increases, which are still higher than the rate of price increases in finished goods, which are still higher than the rate of price increases in consumer goods (retail).
As long as the rate of price increase for raw material, the very first step in the supply chain, remains higher than the rate of the price increase for the next step in the process, then you can guarantee future prices will go up. It’s a simple and commonsense way to look forward when evaluating inflation.
If the stuff starts at a higher price (day one), the end product at day 90 will be at a higher price than today. This is how you can tell that inflation is not slowing down. The first sign of inflation easing is when the rate of inflation for raw material is lower than the rate of inflation in the next step.
All this has been pre-planned by 0bama.
And the very many who own the Usurper, Zero.
Wonder how many documents exist with kerning and hiding via “zero bama” e.g. “0bama” (this font the zero is not like a capital O, weird).
Like the hiding done via “Co r n ey” and kerning, etc.
And that sir is the primary cause of inflation, too many dollars chasing too few goods or a static amount of goods. Economics 101.
We are in the Information Age. Obtain the right information and one can forecast future events/pricing.
Why do we allow our leaders/media to not follow the info/science?
Further up the Producer Price Pipeline, Inflation Rages at over 20%, Heading for Consumers
by Wolf Richter • Nov 9, 2021
https://wolfstreet.com/2021/11/09/further-up-the-producer-price-pipeline-inflation-rages-at-over-20-heading-for-consumers/
A lot of price increases at various stages of production are coming down the pipeline that haven’t flown into consumer prices yet. These are input costs for industries that will try to pass them on to the next company in line, which will try to pass them on until the consumer gets to eat them.
It’s systemic, so Reps possibly taking over CONgress in 2022 won’t be able to stop it.
The only way to stop it is by the Fed raising the prime rate which would crash the grossly overinflated equity markets. Also, the effective value and asking price of every grossly overinflated home would drop because of the smaller number of individuals who would be able to afford the larger monthly payments due to higher mortgage interest rates.
Finally, the effect of curbing inflation by raising rates won’t be quick to appear:
“Inflation emerged as an economic and political challenge in the United States during the 1970s. The monetary policies of the Federal Reserve board, led by Volcker, were widely credited with curbing the rate of inflation and expectations that inflation would continue. US inflation, which peaked at 14.8 percent in March 1980, fell below 3 percent by 1983. The Federal Reserve board led by Volcker raised the federal funds rate, which had averaged 11.2% in 1979, to a peak of 20% in June 1981. The prime rate rose to 21.5% in 1981 as well, which helped lead to the 1980–1982 recession, in which the national unemployment rate rose to over 10%.”
Inflation “Going To Be A B!#ch” To Get Under Control, Analyst Warns | Wolf Richter
14 Dec 2021
World’s Most Accurate Economic Indicator Is Predicting GFC 2.0
Now that China owns the majority of US meat processors it gives priority to Chinese contracts over American
Well, that could be changed pretty quickly if Americans begin starving, whether Dems like it or not.
I know a rancher that has started selling his beef directly to consumers.
Why do lefties think that inflation is not an issue, and/or it’s not going to effect them negatively? I know that some of them are so stupid they won’t know what hit them when it’s in their face and can no longer be ignored, but that can’t be all of them, can it?
John Hussman: The Market Is In The Biggest Speculative Price Bubble In Modern History (PT1)
12 Nov 2021
That “relief” money should be owed and paid by the government employees/politicians and their elites that took it (including countries) as they did not earn it (no “vaXXXine” or “policy” worked ).
Time for the people to make the owed receipt of the USA citizens be passed to the legal and proper recipients of the stolen monies and debt. As soon as we stop letting them lie to us claiming they have more usurped powers of authority than they legally do we can put them in their place of civil SERVANT once more.
The 16th Amendment is illegal and debt was only to be used for declared wars. After they changed the “laws” with the help of the Supreme Court at the turn of the 20th century (1800’s to 1900’s).
Yeah, I am wondering how rare earth minerals necessary for electric cars are doing, since states are starting to impose mandates to prohibit the sale of internal combustion vehicles. Also California’s prohibition on the purchase of small gas powered tools.
In NORMAL circumstances commodity prices bring on inflationary pressure. Unrestricted Government spending also has the same effect. Especially when the FED is the enabler. In 6 months, we’ll be in a 1982 type recession. Stagflation. Keep in mind Powell said he’ll have us at 2% inflation next year, but I doubt he’ll be the FED chairman then.
It’s almost as if they wanted this to happen….