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Thread: Inflation

  1. #301
    Senior Member M1917 Enfield's Avatar
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    https://www.foxbusiness.com/economy/...dex-april-2021


    Consumer prices climb at fastest pace since September 2008

    The Labor Department said Wednesday that prices jumped 4.2% year over year, making for the biggest increase since September 2008. Prices were up 0.8% from March.


    Used car and truck prices surged 10% in April


    Consumer prices rose in April at the fastest annual pace in nearly 13 years as the U.S. economy continued to reopen from COVID-19 lockdowns.

    The Labor Department said Wednesday that prices jumped 4.2% year over year, making for the biggest increase since September 2008. Prices were up 0.8% month over month, quickening from the 0.6% increase in March.

    Wall Street analysts surveyed by Refinitiv were expecting prices to increase 3.6% from a year ago and 0.2% versus last month.

    Used car and truck prices surged 10% in April, accounting for almost one-third of the index's total increase. The price gains were the biggest for the category since recordkeeping began in 1953. Food prices edged up 0.4% from the prior month, rising for both the at-home and away from home categories. Energy prices, meanwhile, fell slightly as a drop in gasoline prices was offset by gains in electricity and natural gas.

    Core prices, which exclude food and energy, rose 0.9% in April, accounting for the largest monthly increase since April 1982.
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    To whom it may concern: I hereby declare I am not responsible for the debts incurred by one Justin Trudeau!

  2. #302
    The Gunsmithing Moderator blacksmithden's Avatar
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    Core prices which exclude thing like food and energy.......you know.....the stuff thats jumped by leaps and bounds and would embarass our currency devaluing government.
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  4. #303
    Resident Combine Pilot JustBen's Avatar
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    Wait until the tax load increases. That’s something that inflation doesn’t track.

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  6. #304
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    What's the dumbest possible thing democrats could do at this moment?

    How about ordering the shutdown of the Line 5 Pipeline?

    In other news, the US continues to circle the drain as the fuel shortage gets worse by the minute, inflation, blah blah blah.

    Democrats are CLEARLY trying to burn the country down...

    Tim says that in the weeks before the pipeline hack, the MSM was writing stories saying there was going to be a fuel shortage, because there are no truckers available. meanwhile truckers themselves say there are plenty of truckers available... which is a bit... suspicious



    Food Shortages as well...



    Y'all are gonna learn what countries like Poland experience during communism:

    Shops with NOTHING in them (maybe vinegar)

    Then comes the rationing and vouchers... and you KNOW the democrats are going to go maximum racist with THAT!
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  7. #305
    Senior Member SwissArmyMan's Avatar
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    With the Deep State plans accelerated, I hope the sheeple see them for what they are. If they don't wake up now, they'll be going to hell in a hand-basket.

  8. #306
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    EAT BUGS

    More stimulus...

    Shortages of everything...

    Inflation of everything else...



    The World Economy Is Suddenly Running Low on Everything
    May 17, 2021
    https://www.bloomberg.com/news/artic...lies-run-short

    ‘It is anything but efficient or normal.’ Surging corporate demand is upending global supply chains.

    A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up.

    Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.

    Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging. The world is seemingly low on all of it. “You name it, and we have a shortage on it,” Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are “trying to get everything they can because they see high demand,” Jennifer Rumsey, the Columbus, Indiana-based company’s president, said. “They think it’s going to extend into next year.”

    The difference between the big crunch of 2021 and past supply disruptions is the sheer magnitude of it, and the fact that there is — as far as anyone can tell — no clear end in sight. Big or small, few businesses are spared. Europe’s largest fleet of trucks, Girteka Logistics, says there’s been a struggle to find enough capacity. Monster Beverage Corp. of Corona, California, is dealing with an aluminum can scarcity. Hong Kong’s MOMAX Technology Ltd. is delaying production of a new product because of a dearth of semiconductors.

    Further exacerbating the situation is an unusually long and growing list of calamities that have rocked commodities in recent months. A freak accident in the Suez Canal backed up global shipping in March. Drought has wreaked havoc upon agricultural crops. A deep freeze and mass blackout wiped out energy and petrochemicals operations across the central U.S. in February. Less than two weeks ago, hackers brought down the largest fuel pipeline in the U.S., driving gasoline prices above $3 a gallon for the first time since 2014. Now India’s massive Covid-19 outbreak is threatening its biggest ports.

    For anyone who thinks it’s all going to end in a few months, consider the somewhat obscure U.S. economic indicator known as the Logistics Managers’ Index. The gauge is built on a monthly survey of corporate supply chiefs that asks where they see inventory, transportation and warehouse expenses — the three key components of managing supply chains — now and in 12 months. The current index is at its second-highest level in records dating back to 2016, and the future gauge shows little respite a year from now. The index has proven unnervingly accurate in the past, matching up with actual costs about 90% of the time.

    To Zac Rogers, who helps compile the index as an assistant professor at Colorado State University’s College of Business, it’s a paradigm shift. In the past, those three areas were optimized for low costs and reliability. Today, with e-commerce demand soaring, warehouses have moved from the cheap outskirts of urban areas to prime parking garages downtown or vacant department-store space where deliveries can be made quickly, albeit with pricier real estate, labor and utilities. Once viewed as liabilities before the pandemic, fatter inventories are in vogue. Transport costs, more volatile than the other two, won’t lighten up until demand does.

    “Essentially what people are telling us to expect is that it’s going to be hard to get supply up to a place where it matches demand,” Rogers said, “and because of that, we’re going to continue to see some price increases over the next 12 months.”

    More well-known barometers are starting to reflect the higher costs for households and companies. An index of U.S. consumer prices that excludes food and fuel jumped in April from a month earlier by the most since 1982. At the factory gate, the increase in prices charged by American producers was twice as large as economists expected. Unless companies pass that cost along to consumers and boost productivity, it'll eat into their profit margins.

    A growing chorus of observers are warning that inflation is bound to quicken. The threat has been enough to send tremors through world capitals, central banks, factories and supermarkets. The U.S. Federal Reserve is facing new questions about when it will hike rates to stave off inflation — and the perceived political risk already threatens to upset President Joe Biden's spending plans.

    “You bring all of these factors in, and it’s an environment that’s ripe for significant inflation, with limited levers” for monetary authorities to pull, said David Landau, chief product officer at BluJay Solutions, a U.K.-based logistics software and services provider.

    Policy makers, however, have laid out a number of reasons why they don’t expect inflationary pressures to get out of hand. Fed Governor Lael Brainard said recently that officials should be “patient through the transitory surge.” Among the reasons for calm: The big surges lately are partly blamed on skewed comparisons to the steep drops of a year ago, and many companies that have held the line on price hikes for years remain reticent about them now. What's more, U.S. retail sales stalled in April after a sharp rise in the month earlier, and commodities prices have recently retreated from multi-year highs.

    Caught in the crosscurrents is Dennis Wolkin, whose family has run a business making crib mattresses for three generations. Economic expansions are usually good for baby bed sales. But the extra demand means little without the key ingredient: foam padding. There has been a run on the kind of polyurethane foam Wolkin uses — in part because of the deep freeze across the U.S. South in February, and because of “companies over-ordering and trying to hoard what they can.”

    “It’s gotten out of control, especially in the past month,” said Wolkin, vice president of operations at Atlanta-based Colgate Mattress, a 35-employee company that sells products at Target stores and independent retailers. “We’ve never seen anything like this.”

    Though polyurethane foam is 50% more expensive than it was before the Covid-19 pandemic, Wolkin would buy twice the amount he needs and look for warehouse space rather than reject orders from new customers. “Every company like us is going to overbuy,” he said.

    Heating Up

    U.S. core and headline inflation both jumped more than forecast in April

    Even multinational companies with digital supply-management systems and teams of people monitoring them are just trying to cope. Whirlpool Corp. CEO Marc Bitzer told Bloomberg Television this month its supply chain is “pretty much upside down” and the appliance maker is phasing in price increases. Usually Whirlpool and other large manufacturers produce goods based on incoming orders and forecasts for those sales. Now it’s producing based on what parts are available.

    “It is anything but efficient or normal, but that is how you have to run it right now,” Bitzer said. “I know there’s talk of a temporary blip, but we do see this elevated for a sustained period.”

    The strains stretch all the way back to global output of raw materials and may persist because the capacity to produce more of what’s scarce — with either additional capital or labor — is slow and expensive to ramp up. The price of lumber, copper, iron ore and steel have all surged in recent months as supplies constrict in the face of stronger demand from the U.S. and China, the world’s two largest economies.

    Crude oil is also on the rise, as are the prices of industrial materials from plastics to rubber and chemicals. Some of the increases are already making their ways to the store shelf. Reynolds Consumer Products Inc., the maker of the namesake aluminum foil and Hefty trash bags, is planning another round of price increases — its third in 2021 alone.

    Food costs are climbing, too. The world’s most consumed edible oil, processed from the fruit of oil palm trees, has jumped by more than 135% in the past year to a record. Soybeans topped $16 a bushel for the first time since 2012. Corn futures hit an eight-year high while wheat futures rose to the highest since 2013.

    A United Nations gauge of world food costs climbed for an 11th month in April, extending its gain to the highest in seven years. Prices are in their longest advance in more than a decade amid weather worries and a crop-buying spree in China that’s tightening supplies, threatening faster inflation.

    Earlier this month, the Bloomberg Commodity Spot Index touched the highest level since 2011.

    On a Tear

    Spot commodities index touches highest level since 2011

    A big reason for the rally is a U.S. economy that’s recovering faster than most. The evidence of that is floating off the coast of California, where dozens of container ships are waiting to offload at ports from Oakland to Los Angeles. Most goods are flooding in from China, where government figures last week showed producer prices climbed by the most since 2017 in April, adding to evidence that cost pressures for that nation’s factories pose another risk if those are passed on to retailers and other customers abroad.

    Across the world’s manufacturing hub of East Asia, the blockages are especially acute. The dearth of semiconductors has already spread from the automotive sector to Asia’s highly complex supply chains for smartphones.

    John Cheng runs a consumer electronics manufacturer that makes everything from wireless magnetic smartphone chargers to smart home air purifiers. The supply choke has complicated his efforts to develop new products and enter new markets, according to Cheng, the CEO of Hong Kong-based MOMAX, which has about two-thirds of its 300 employees working in a Shenzhen factory. One example: Production of a new power bank for Apple products such as the iPhone, Airpods, iPad and Apple watch has been delayed because of the chip shortage.

    Instead of proving to be a short-lived disruption, the semiconductor crunch is threatening the broader electronics sector and may start to squeeze Asia’s high-performing export economies, according to Vincent Tsui of Gavekal Research. It’s “not simply the result of a few temporary glitches,” Tsui wrote in a note. “They are more structural in nature, and they affect a whole range of industries, not just automobile production.”

    In an indication of just how serious the chips crunch is, South Korea plans to spend roughly $450 billion to build the world’s biggest chipmaking base over the next decade.

    Meanwhile, running full tilt between factories and consumers are the ships, trucks and trains that move parts along a global production process and finished goods to market. Container vessels are running at capacity, pushing ocean cargo rates to record highs and clogging up ports. So much so that Columbia Sportswear Co.’s merchandise shipments were delayed for three weeks and the retailer expects its fall product lineup will arrive late as well.

    Executives at A.P. Moller-Maersk A/S, the world’s No. 1 container carrier, say they see only a gradual decline in seaborne freight rates for the rest of the year. And even then, they don’t expect a return to the ultra-cheap ocean cargo service of the past decade. More capacity is coming in the form of new ships on order, but they take two or three years to build.

    Full Speed Ahead

    The Baltic Dry Index, a shipping bellwether, reached an 11-year high this month

    HSBC trade economist Shanella Rajanayagam estimates that the surge in container rates over the past year could raise producer prices in the euro zone by as much as 2 percent.

    Rail and trucking rates are elevated, too. The Cass Freight Index measure of expenditures reached a record in April — its fourth in five months. Spot prices for truckload service are on track to rise 70% in the second quarter from a year earlier, and are set to be up about 30% this year compared with 2020, Todd Fowler, a KeyBanc Capital Markets analyst, said in a May 10 note.

    “We expect pricing to remain elevated given lean inventories, seasonal demand and improving economic activity, all of which is underpinned by capacity constraints from truck production limitations and driver availability challenges,” Fowler said.

    What Bloomberg Intelligence Says:
    “Most modes of freight transportation have pricing power. Supply-demand imbalances should help keep rates high, albeit they should moderate for current unsustainable levels as supply chains improve. This is stressing networks, creating bottlenecks in the supply chains and capacity constraints.”
    --Lee Klaskow, senior analyst

    For London-based packaging company DS Smith Plc, challenges are coming from multiple sides. During the pandemic, customers rushed to online purchases, raising demand for its ePack boxes and other shipping materials by 700%. Then came the doubling of its supply costs to 200 euros ($243) a ton for the recycled fiber it uses to make its products.

    “That’s a significant cost” for a company that buys 4 to 5 million tons of used fiber annually, said Miles Roberts, DS Smith’s group chief executive, who doesn’t see the lockdown-inspired web purchasing as a temporary trend. “The e-commerce that has increased is here to stay.”

    At Colgate Mattress, Wolkin used to be able to order foam on Mondays and have it delivered on Thursdays. Now, his suppliers can’t promise anything. What’s clear is he can’t sustain the higher input costs forever and still maintain quality. “This is kind of a long-term issue,” Wolkin said. “Inflation is coming — at some point, you’ve got to pass this along.”
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  10. #307
    Senior Member M1917 Enfield's Avatar
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    I wonder what Finance Minister Freestuff, the Prime Moron and the Lieberals are planning on doing with our growing debt interest payments on the massive debt they have taken on so Canadians didn't have to when inflation causes interest rates up?
    Warning! some sarcasm, facetious and jovial behavior, satire, irony, dry humor, playful banter and more may or may not be involved in my postings. Please read anything I have written as being said in the most joyful and happy voice you can imagine.

    To whom it may concern: I hereby declare I am not responsible for the debts incurred by one Justin Trudeau!

  11. #308
    Senior Member Camo tung's Avatar
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    Quote Originally Posted by M1917 Enfield View Post
    I wonder what Finance Minister Freestuff, the Prime Moron and the Lieberals are planning on doing with our growing debt interest payments on the massive debt they have taken on so Canadians didn't have to when inflation causes interest rates up?
    Whatever it is I bet it rhymes with "new tax".
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  13. #309
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    I guess this UFO craze makes sense now. Paging Dr. Strangeday...

    Quote Originally Posted by Renaissance Horizon
    Pentagon will allegedly disclose UFO secrets within weeks

    The past five months have been the craziest in US history, probably since WWII.

    Gas prices have exploded, along with fuel shortages. The national average just hit a seven-year high. Biden banned new mining permits on Federal land (of which a vast portion of the entire USA is unused or barely used federally owned land). He also shut down the Keystone XL pipeline. However, social media fact-checkers assure us that it is a hoax that Biden's policies have negatively affected gas prices.

    Lumber prices have doubled overnight and are still rising fast. This has caused a halt to new home builds and brought a thriving mortgage industry to a screeching downturn. No one seems to be able to explain why lumber is rising so fast. I can personally confirm that prices have gone crazy at the hardware stores, and all the loose pieces of scrap wood I have been saving in my garage have appreciated in value.

    Inflation has exploded. Virtually anything that is not directly imported from China is rising in cost. Officially, inflation is at a twelve-year high. However, inflation is something the US government is famous for downplaying and fudging the data. So, inflation is always much worse than what the official line is.

    For the first time in the history of the USA, there is both a labor shortage and high numbers on unemployment benefits at the same time. I can personally confirm that local businesses where I live have significant problems finding employees, even after generously raising starting wages.

    This is because it was artificially created by absurd schemes put into our Covid-19 relief packages. In the state I live in, people making $12 an hour to work at a carwash received $21 an hour to be unemployed because of $600 per week federal bonus unemployment checks. While the $600 bonus checks only lasted about three months, congress keeps authorizing new smaller bonus checks. They also keep giving money to the states to extend how long a person can receive state benefits. So now you have people who spent most of the past year on unemployment and are still getting both state checks and federal bonus checks.

    Combine this with the surge of adult children still living with, and mooching off, their parents. The unemployment checks are plenty enough to buy beer, cannabis, and video games. So they do not need to get a job.

    Government mandates are destroying the US postal system, as well as small American mail-order businesses. The US government requires the postal system to deliver small packages from China for almost nothing. A small US business is charged $3.52 to mail an 8-ounce parcel to a customer 100 miles away. However, the same item can be shipped to a US customer from China at the cost of $1.20.

    The $3.52 that the American pays is subsidizing the Chinese mailer. The number of small parcels (15.9 ounces or less) mailed to the USA from China is now over one hundred thousand per day. A large percentage of what Americans are buying on eBay and Amazon is being shipped directly from China.

    The United States Postal System is raising postage every month and is on a direct trajectory to die under the weight of Chinese parcels. For some reason, FedEx is having significant problems as well. I don't even know why. FedEx used to be seen as the absolute most reliable, and now it is in shambles. (at least where I live)

    Far-left rioting and violence have continued, despite Trump being out of office.

    US homicides rates increased 20% in 2020, even though homicides worldwide declined! Even Mexico had a decline in homicides in 2020! Homicides are still rising in hundreds of US cities in 2021. America is back to the all-time highs of the early 90s! (Often described as the "crack war" years.)

    On top of all this, the US government just admitted that they spent the past hundred years lying to the public about "UFOs." The government has spent vast millions to deny and "debunk" the existence of UFOs.
    The Pentagon now says that military pilots see UFOs all the time, and they have no idea what they are. They are visible to the naked eye, infrared cameras, and radar. They move through the air and the water with no audible sound. They appear to take evasive maneuvers when approached by aircraft. They may even jam missile guidance systems.

    Allegedly, the Pentagon will disclose UFO secrets within months. The craziest part is that, with all the current ongoing calamities, no one seems to care.

    https://www.youtube.com/post/UgyCYRJCuloSlkmg5Gd4AaABCQ


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    Good News, Everyone! Absolutely NO light at the end of the tunnel to be so, so we can all at least feel vindicated that end really IS coming...

    I'm sure having his pet central banker Janet Yellen along for the ride will really come in handy!



    Quote Originally Posted by Beanie
    See, voting for Joe Biden was perfect if you all you want to do is constantly complain about the rich and not actually have to do anything. AND, the best part is you'll be getting poorer while all of this happens, which will exacerbate the problem and make your claims that much more credible.
    Quote Originally Posted by Beanie
    They want you be be stressed about buying food, but... just enough so that you don't go insane, and riot.
    REPORT: Biden To Propose $6 Trillion Budget That Would Break Debt Records
    May 27, 2021
    https://dailycaller.com/2021/05/27/j...n-budget-debt/

    Joe Biden is expected to propose a $6 trillion budget for 2022 that would break World War II-era debt records, the New York Times reported Thursday.

    The budget will drive federal spending to $8.2 trillion by 2031, according to the Times. Federal debt would reach 117% of economic output by 2031, and would break the record set by the United States in World War II by 2024.

    The budget is expected to include money for traditional infrastructure needs, such as roads, pipes, and broadband internet, as well childcare subsidies, universal pre-kindergarten, and national paid parental leave, according to the Times.

    The budget will reportedly be financed by increased taxes on corporations and wealthier Americans, but the hikes will not be enough to finance the entirety of Biden’s proposal. This is similar to the American Rescue Plan (ARP), which is expected to raise the debt by $3.8 trillion by 2031, according to the Committee for a Responsible Federal Budget.

    Many states, including big-spending California, Illinois, and New York, already have budget surpluses as a result of federal bailout money from the ARP. Many economists believe that the large amounts of cash disbursed by the Biden administration through the ARP are a key cause of current levels of inflation.

    “When you add $1.9 trillion to an economy that is only $400 billion away from its optimal performance, you’re going to have a lot of excess spending that just goes into higher prices and inflation. And we’re starting to see that right now,” Manhattan Institute economist Brian Riedl told the Daily Caller in an early May interview.

    ---------------------------------------------------------------

    Larry Summers sends stark inflation warning to Joe Biden
    May 27, 2021
    https://edition.cnn.com/2021/05/26/e...fed/index.html

    Larry Summers is urging Washington to tap the brakes on stimulus — or risk unleashing a serious burst of inflation.

    "I think policy is rather overdoing it," Summers said in recorded comments at a CoinDesk conference that were released Wednesday. "The sense of serenity and complacency being projected by the economic policymakers, that this is all something that can easily be managed, is misplaced."

    The former Clinton and Obama official took issue with how the Federal Reserve and fiscal powers continue to turbo-charge the economy even though the once-real risk of a catastrophic deflationary spiral has since faded.

    "We're taking very substantial risks on the inflation side," Summers said in remarks originally made May 18, adding to a series of warnings the former Harvard president has issued in recent weeks.

    Prices have risen sharply on everything from used cars and lumber to steel and food. The return of inflation is especially costly to low-income families, who are most likely to have been hit hardest by the pandemic.

    Once viewed as a candidate to run the Fed, Summers pointed to how the Central Bank is signaling that interest rates will remain very low for the foreseeable future and continues to buy $120 billion of bonds each month.

    "The Fed's idea used to be that it removed the punchbowl before the party got good," Summer said. "Now, the Fed's doctrine is that it will only remove the punchbowl after it sees some people staggering around drunk."

    'Troubled' by Biden policy stance

    Summers said that while he supports Biden's efforts to raise the minimum wage, step up regulation and boost unions, he warned that these policies can be inflationary. That's why he's been "troubled by the policy posture" of the Biden administration and pointed to how inflation helped elect Republicans in 1968 and 1980.

    "Joe Biden has a historic opportunity to be a great president," Summer said. "But I think they should learn the lesson of the Johnson administration's errors that elected Richard Nixon and the Carter administration's errors that elected Ronald Reagan."

    Summers argued that the magnitude of today's federal policy positions are greater than the ones that set off runaway inflation in the late 1960s. And he voiced concern about the stability of the US dollar.

    "We are printing money, we are creating government bonds, we are borrowing on unprecedented scales," Summers said.

    "Those are things that surely create more of a risk of a sharp dollar decline than we had before. And sharp dollar declines are much more likely to translate themselves into inflation than they were historically."

    White House and Fed push back on inflation fears
    Fed officials have repeatedly insisted that rising inflation — consumer prices in April jumped the most since 2008 — will fade as the economy fully reopens. Many economists agree with that thinking.

    The White House has pushed back on inflation fears, saying a temporary imbalance between supply and demand is to be expected given the nature of the crisis and recovery.

    A Biden official told CNN Business on Tuesday that officials "do not see signs of persistent dislocation or long-term inflation."

    "Our team closely monitors inflationary pressures but inflation is first and foremost under the purview of the Federal Reserve," the White House official said.

    But inflation expectations among consumers and businesses are rising — and economists warn that can become a self-fulfilling prophesy.

    "In a super permissive fiscal environment," Summers said, "if inflation expectations are allowed to rise, the process of putting them back and restoring normality is likely to be uncontrolled, expensive and costly."

    'At the edge of absurd'

    Summers acknowledged there's "enormous uncertainty" in the inflation outlook, though he said recent indicators that surprised economists tend to corroborate the inflation fears. Specifically, he pointed to evidence of a labor shortage, a jump in wages and much stronger than anticipated increases in consumer and producer prices.

    "When you're surprised, you're supposed to consider changing your mind," Summers said.

    The former Treasury Secretary said it may be too early to know for certain that inflation is a problem, but added that the uncertainty is what raises questions about the Fed's outlook.

    "Then why on God's Earth are we projecting that we are going to hold interest rates at zero for three years?" Summer said, adding that no one is suggesting the Fed should "lurch" into raising interest rates.

    Summers called the fact that most Fed officials expect to keep rates at near zero for three more years "at the edge of absurd."
    Separately, JPMorgan Chase (JPM) CEO Jamie Dimon weighed in on the impact of fiscal policy at a Senate hearing Wednesday.

    "You're talking about unprecedented continued fiscal and monetary policy, kind of on autopilot," Dimon said.

    Dimon said that the good news is "we're going to have a very strong economy," not only this year but perhaps extending into 2023. But he cautioned that the policies from the Federal Reserve and Congress "will raise inflation."

    Dimon added that there is "nothing wrong with 1.6%," likely referring to the year-over-year increase in core consumer prices experienced in March.

    "I would expect it to go considerably higher than that," Dimon said. "Hopefully, it won't be out of whack and the Federal Reserve will be able to tamp it down. But we always plan for things worse than that."
    Last edited by joe6167; 05-29-2021 at 07:58 PM.
    Successfully escaped this crazy quack s***hole country ALIVE - 12/26/2017!!!

    Give your family tree a good shake and see if you have any dual citizenship that you can use to GTFO of this crazy quack s***hole country!

  16. The Following 2 Users Like This Post By joe6167

    M1917 Enfield (05-30-2021), Swampdonkey (05-30-2021)

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