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Inflation is going to go down and we’ll have a deflationary spiral because theres an ongoing financial and actual world war raging where the FED is jacking rates to defend the dollar from china’s aggression and it is going to crash the real estate market world wide and the world economy.
18 mos.? Yoy inflation had better be lower than the same trailing year to date.
Exactly. I can't imagine any scenario where inflation is still going up 18 months from now while the fed continues to raise rates and put the screws on the economy.
Since 1933, US Gubmint has not circulated lawful money. "Dollar bills" are IOUs (debt) denominated in dollars, but until redeemed, they have a minus value. Oh, right, in 1933, Gubmint repudiated redeeming their notes - they're worthless.
Moving on.
Inflation is supposedly too much money chasing too few goods. So who has all that "too much money" bidding up the price?
Billionaires aren't bidding up the price for milk and cookies. So what's really going on?
Hint : who is the REAL taxpayer?
The customer, from whom all taxpayers (business and labor) get their money tokens to pay their taxes.
What happens when there is a delay from the point taxes were collected and spent, and the point they show up as overhead expenses?
TAX SHIFT INFLATION.
All income taxes shift to the retail price.
And that means NOTHING that the FED does will ever stop inflation...
The ONLY REAL REMEDY is to abolish all income taxes on labor and business.
Which is politically unacceptable because under the republican form of government, no endowed right is taxable. ONLY GOVERNMENT PRIVILEGES CAN BE TAXED.
So once those "voluntary socialist taxes" are void, the bulk of the government's revenue vanishes.
THAT IS WHY NO ONE WILL EVER "FIX" THE PROBLEM.
To do so would end the peoples democratic socialist republic of america.
This is exactly why I come to this forum. Well-thought-out evidence based commentary founded on economic principals.
Guessing Game: What is going to happen to Inflation over the comping 18 months?
If supply chain issues are resolved then Demand-pull Inflation will decline. Cost-push Inflation will remain the same so long as there's conflict in Ukraine.
Monetary Inflation will remained largely unchanged at about 0.5%.
One item going up in price $3,300 in one year is absolutely not a market of inflation. Why on earth would you think it is?
When the cost of my TV goes down in price is that deflation?
LOL.
Because an HVAC is the only thing that's increased in price over the last few years, got it.
An HVAC is a good example of the havoc the inflation has caused actually. My guy (who is sort of a friend) was explaiing to me, all parts....the wiring, the copper, etc. etc. all have skyrocketed. And the unit itself is more expensive than the identical one I bought last year for downstairs.
Have you been out there over the past 2 years or so? EVERYTHING costs more.
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