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I don’t know how we aren’t in at least a recession if not worse.

Glock-n-Load says

I don’t know how we aren’t in at least a recession if not worse.

High inflation is stimulating - since people are increasingly desperate to get rid of dollars, this increases monetary velocity. Deflation is much worse, as people hoard money and thus bring the economy to a standstill. At least that's what the Fed thinks, and why they're doing what they're doing.

TPTB learned the hard truth about industrial economies and financial panics in the Great Depression. Initially, they tried what they used to do back in the 19th century - let prices crash and stand by while their cronies fleeced the overindebted plebes. The problem was that an industrial economy can't take a sudden stop without catastrophic damage. We almost had full-on class warfare in the early 1930's, and the economic misery boosted the cache of communism that wouldn't fade for another 50 years. We had widescale hunger and despair - TPTB never want that much revolutionary kindling to accumulate again.

stereotomy says

Glock-n-Load says

I don’t know how we aren’t in at least a recession if not worse.

High inflation is stimulating - since people are increasingly desperate to get rid of dollars, this increases monetary velocity. Deflation is much worse, as people hoard money and thus bring the economy to a standstill. At least that's what the Fed thinks, and why they're doing what they're doing.

TPTB learned the hard truth about industrial economies and financial panics in the Great Depression. Initially, they tried what they used to do back in the 19th century - let prices crash and stand by while their cronies fleeced the overindebted plebes. The problem was that an industrial economy can't take a sudden stop without catastrophic damage. We almost had full-on class warfare in the early 1930's, and the economic misery boosted the cache of communism that wouldn't fade for another 50 years. We had widescale hunger and despair - TPTB never want that much revolutionary kindling to accumulate again.

At what point do people lose ground to this inflation to the point something breaks? Trump wants lower interest rates even.

Glock-n-Load says

I don’t know how we aren’t in at least a recession if not worse.

Oh we are, money printer and low rates, that masks everything. It’s why inflation went 100% and everything doubled in price last few years.

There’s no free market, economy is in full managed mode. Trump too keeps bailing out investors. Tons of bad debt.

Glock-n-Load says

stereotomy says

Glock-n-Load says

I don’t know how we aren’t in at least a recession if not worse.

High inflation is stimulating - since people are increasingly desperate to get rid of dollars, this increases monetary velocity. Deflation is much worse, as people hoard money and thus bring the economy to a standstill. At least that's what the Fed thinks, and why they're doing what they're doing.

TPTB learned the hard truth about industrial economies and financial panics in the Great Depression. Initially, they tried what they used to do back in the 19th century - let prices crash and stand by while their cronies fleeced the overindebted plebes. The problem was that an industrial economy can't take a sudden stop without catastrophic damage. We almost had full-on class warfare in the early 1930's, and the economic misery boosted the cache of communism that wouldn't fade for another 50 years. We had widescale hunger and despair - TPTB never want that much revolutionary kindling to accumulate again.

At what point do people lose ground to this inflation to the point something breaks? Trump wants lower interest rates even.

In the US, we're in a unique position wrt inflation. 70-80% of trade worldwide is in USD, so the worst effects of inflation are mitigated at home at the expense of exporting inflation to the rest of the world. If the world ditches the dollar, then we're fucked, but that can't happen for at least another decade - it's hard unwinding that which has been built up over 80 years.

Short answer: if you're boomer or gen-x, this isn't a problem. Millenials will be somewhat fucked, especially if they don't inherit the boomers' wealth. Zoomers and beyond might as well start learning how to grow yams and eat face.

Glock-n-Load says

don’t know how we aren’t in at least a recession if not worse.

The GDPNOW forecast for the 4th quarter is a 5.3% annualized growth rate (they base that rate as after inflation). The economy is booming The unemployment rate dropped from 4.5% to 4.4%.

About 2.5 million illegals are outta the country over the last year.

Retail sales up 3.1% over last year to a new record.

US savings rate is about 4%. The people have record high amounts of financial assets, including record amounts of cash (money markets/savings(. They also have record amounts of physical gold & silver.

The trillions of dollars Trump negotiated to be invested in US based industries is starting to take place. We're gonna see other manufacturers increasing production and hiring. Example: Boeing has a backlog of 11-12 years production.

Sure, there's some weak spots like private equity and private credit that need some extra papering over, but right now we're in a good spot, and Trumps working on getting construction of SFH going as well as extra production lines opened up by Defense contractors.

Misc says

About 2.5 million illegals are outta the country over the last year.

And this is raising wages for the poorest US citizens, which is excellent news for them, and is good for the economy because they generally spend whatever they get.

I think gold is hitting 5k this week.

RC2006 says

I think gold is hitting 5k this week.

Silver reached its all time high of nearly $96 this week.

ForcedTQ says

The_Deplorable says

Executive order, applicable to the executive branch of the federal government…… The poor people who couldn’t think critically had the wool pulled over their eyes…