Article

2021-05-13 Economy

Consumer Prices See Largest Yearly Jump Since 2008 as Evidence of Inflation Mounts

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Posted by Fred 2021-05-13 00:00|| || Front Page|| [4 views ] Top

#1 Do the math.
Six TRILLION dollars.
One-third of US GDP.
No f---ing way this muppet or his successor or the IRS can find enough coins under the couch to pay for the most ridiculously bloated pork budget in human history.

OF COURSE we'll have high inflation. Of course these idiots will destroy the dollar's supremacy. Of course they'll tank the overvalued stock market.

We've seen this movie before.

Posted by Sonny Elmereling6677 2021-05-13 00:37|| 2021-05-13 00:37|| Front Page Top

#2 The economy, the stock market and the dollar have been running on fumes for decades. It will happen like this:
How did you go bankrupt?"
Two ways. Gradually, then suddenly.
― Ernest Hemingway, The Sun Also Rises

Posted by Bubba Lover of the Faeries8843 2021-05-13 01:38|| 2021-05-13 01:38|| Front Page Top

#3 tank the overvalued stock market
Or consider that stock values are inflating due to the new money, which has to find some place to land.

Posted by Glenmore 2021-05-13 09:40|| 2021-05-13 09:40|| Front Page Top

#4 Just priced something. Same formula as always. Up from shy of $600 to shy of $700, and that is way below MSRP.

Makes me wonder how fast I need to sell items in order to afford the replacement.

I think it was about three months ago hyper devaluation was being discussed here, and that is without just losing 1/3 of the nation to the gasoline lines, another 1/3 still playing Covid games, and the Mississippi River being closed along with a huge East/West road transit point.

I believe we will be arriving at Destination Boneland sooner than we think.

Posted by swksvolFF 2021-05-13 18:02|| 2021-05-13 18:02|| Front Page Top

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