Article

2022-03-17 Economy

Soaring Inflation at 40-Year High – Is a 100-Year High Ahead?

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Besoeker 2022-03-17 02:42|| || Front Page|| [19 views ] Top

#1 from about early 1979 through late 1981 the all item CPI year on year was about 10%

mortgage rates topped out near 20%

unemployment topped out above 10% in 1982 but was above 7% for about 5 years from 199-1984.

Posted by Lord Garth 2022-03-17 06:57|| 2022-03-17 06:57|| Front Page Top

#2 1979-1984 in above

Posted by Lord Garth 2022-03-17 06:58|| 2022-03-17 06:58|| Front Page Top

#3

Have been seeing more and more "I DID THAT" stickers on Gas Pumps. The station attendants nor the customers are removing them now, unlike before.

The most humorous sticker placement with a deeper meaning I have seen to date was placed on a Stuffed POOP Pile toy.

Posted by NN2N1 2022-03-17 08:44|| 2022-03-17 08:44|| Front Page Top

#4

Link

The above article suggests the problems have just begun, as the climate change already underway to COOL the planet for the next century of so will make a lot more trouble for everybody at dinner.
We should be positioned for it better than most nations given energy and food independence, but trust the Demokrats to waste all of that if we let them. If they do, I suspect the simple recipe my grandfather learned might help: " hunger, politician, lamppost, rope, stir as needed..."

Posted by NoMoreBS 2022-03-17 12:16|| 2022-03-17 12:16|| Front Page Top

#5 WTI's up 8% today. Looks like Russian oil traders have figured out an easy workaround to evade some of the sanctions
"Russian oil market participants have switched their trading tactics, favouring private deals over public offerings due to new Western sanctions"

Posted by Pliny Sproing5382 2022-03-17 12:56|| 2022-03-17 12:56|| Front Page Top

#6 It's really easy to bust sanctions if you have the right connections. Like Israel's mining billionaire Dan Gertler
"Gertler may have been able to evade US sanctions and continue to operate freely in DRC’s mining sector. His close connections to those with power and influence in DRC could have helped allow him to continue doing business, as has his apparent use of an international money laundering network."

Posted by Flavins Japer3439 2022-03-17 13:08|| 2022-03-17 13:08|| Front Page Top

23:48 Cthulhu of Ryleh
23:43 trailing wife
23:36 trailing wife
22:40 ruprecht
22:35 ruprecht
21:34 Ulusoque Phomogum3508
21:26 SteveS
21:15 Rob Crawford
21:14 Snomotch Sholutch9344
21:14 Rob Crawford
21:03 Silentbrick
20:57 trailing wife
20:51 Pholuting Angeck9554
20:48 Squinty Hupaper1976
20:39 trailing wife
20:36 Neville Gurly-Brown3519
20:33 Vernal Thomort4230
20:30 Bob Bonaparte6465
20:20 Uloluling Ebbiger9696
20:04 Chaviter Fillmore8682
19:58 M. Murcek
19:52 SteveS
19:43 Slusose Gleaque1403
19:43 Cleting Closh2157