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Except that even with commodities getting cut in half or losing up to like 3/4 of their value, we are still in a slightly inflation positive environment. What d
by HiLo 11y ago
Except that even with commodities getting cut in half or losing up to like 3/4 of their value, we are still in a slightly inflation positive environment. What does that tell you about the state of the underlying economy?
Furthermore, you're making the classical economic fallacy of reasoning from a price shift. Oftentimes, from experience, commodity shipping volume increases in times of turbulence, as there are more arbitrage opportunities from the more volatile diffs between grades.
- rrggrr 11y agoInflation positive? WPI, PPI, CPI and oil prices have all fallen. Where are you seeing any relevant signs of inflation? Remember growth in M2 is offset growth in bank excess reserves sequestered at the Fed.
- AnimalMuppet 11y ago> Where are you seeing any relevant signs of inflation? In my grocery bill.
- tdees40 11y agoN=1
- OldSchoolJohnny 11y agon=2 and anyone else who regularly shops for groceries in North America. Wealthy silicon valley types who post here are almost comically out of touch with the real world sometimes.
- lostlogin 11y agoAnd power, water, rent, property tax etc. Wages are the only bug hold out (in my industry anyway)
- deleted 11y ago[deleted]
- HiLo 11y agoYou're mistaking changes in growth rates with the growth rates themselves... CPI is, and has been, positive for years now. Remember, you're not a macroeconomist and probably wouldn't be able to debate that last point if I tried to even make sense of it. edit: Just in case, if you are going to post anything about ShadowStats, or the Fed lying about numbers, there's nothing to even argue. It's hilarious that people think they get to choose their own definitions of inflation, when it's a fairly strictly defined thing. Just because your grocery bill "inflated" ≠ the economy is experiencing inflation.