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sdholloway56
Senior Advisor

Re: For one, the Fed is ....

GDP never rose above the same ‘ol 3% growth on a sustained basis  and was further stalling under pressure from the failed trade war (tough sell here, to the only US beneficiaries).

Stocks did rise- first from tax cuts/buybacks, then through Fed intervention.

Stocks rose precipitously after the election, too. But I’m guessing that’s about over too. The Fed is backing away without saying so.

k-289
Senior Advisor

Re: Shadowstats John Williams inflation or implosion

Looking  for  a  inflation  barometer ,  look  at  corn  flakes  or  oat  bran  with  the  double  wammy  -  -  -

Contents  bought  retail  by  the  bushel  or cwt.  &  sold  by  the  ounce  with  a  content  box  that  will  resemble  a  skinny  pyramid  if  it  shrinks  any  more -  -  -  

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timetippingpt
Honored Advisor

Re: Shadowstats John Williams inflation or implosion

You guys can go ahead and keep preaching the liberal talking points.....most of us really don't care.

The only thing that is really important to us poor dirt farmers is the fact that actual inflation is around 10%. That means that for those of us that keep buying land, we are experiencing a roughly 8% risk free rate of return (10%-4% fixed int rate paid on the mortgage+ 2% profit from farming it) , or roughly 80x the CD rate at the bank. Yep, "when the going gets tough, the rich get richer". For those far richer than us, if the land is paid for, it is a real rate of return of about 14%. (10% + 4% earnings on land bought some time ago for less money)     :-)

That is supposed to be a bit tongue in cheek, why? because that is the way it has always worked in every society....UNTIL...the poor have had enough, and basically burn everything down. The rich and the poor alike then get to start over with very little. Argentina does this every couple of decades. France did 3 times in the 19th century. etc etc etc etc.

BA Deere
Honored Advisor

Re: Shadowstats John Williams inflation or implosion

Yeah, I read somewhere that "real interest rates are -4% people are borrowing money to buy stocks, wrap your head around that!   Michael Burry (The Big Short) is shorting Tesla and T-Bills on a inflation bet.   It totally makes sense, however like in the movie "the market can stay irrational longer than you can stay solvent" margin calls ain`t fun. 

But these liberals cheerleading the economy (for first time in 4 years, imagine that) so they can post "10.9% GDP Growth in second quarter!!!  See socialists can grow the economy too!".  After being locked down a year and finally opening up, I`d sure hope there`s 10% GDP growth in the near future.  

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k-289
Senior Advisor

Re: Shadowstats John Williams inflation or implosion

Let   Them  Eat  Cake -  was  the  expression  -  a  noble  quote  -  -  - 

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bruce MN
Advisor

Re: For one, the Fed is ....

Probably nothing but 87 dropped $.15 at the station down the street this afternoon.

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BA Deere
Honored Advisor

Re: For one, the Fed is ....

I had to wait for a train yesterday and car after car loaded with lumber, on I-35 southbound  a truck loaded with bundles of crappy 2x4s  were headed somewhere.  Looked like re-bundled junk that was sorted out at Menards.  At Clear Lake Culvers, Wendys, Arbys and of course always the damned McDonalds only had drive throughs open, no going in to wash hands.   Wendys seemed to give the middle finger to the scamdemic as much as they could the past year, so surprised they were closed.  I asked the gal at Arbys what the hell is going on and she said "we can`t find workers". 

I`m not Joe Peci on drive throughs, but I do like to go in to wash my paws at least.  If they are going to make drive-throughs their new business model, make them 18 wheeler friendly.  

Smiley Happy

https://www.youtube.com/watch?v=V66XdulPrBM

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sw363535
Honored Advisor

Re: For one, the Fed is ....

By now these techno nitwits should have been delivering your order to the truck window on the interstate by drone.  Maybe their too busy buying farm land and preparing the next viral improvement to the rich world.

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