Anybody Buying Yet? Where’s the Bottom?

[Rhcuam]

Guys it’s just transitory inflation, everything is fine, we’re fine, the economy is fine……….right?

 

[Sytes]

Inflation 101: here's what it means and how it is calculated - MarketWatch

Inflation means prices rise across the board, in an industry or an entire economy. But how does inflation become official and how is it calculated? Here's what you need to know.

www.marketwatch.com

Dummied down basics. In HT language.

 

[homers]

Bottom of S&P is probably is the low 3000’s. Recession will take some time to hit and impact earnings and the consumers.

 

[stealthy_bowman]

Hey here’s an idea…let’s forgive student loans for 43 million people. That should help the inflation problem!

 

[brymoore]

Hey here’s an idea…let’s forgive student loans for 43 million people. That should help the inflation problem!

It was a rounding error after 5 Trillion in stimulus money.

 

[BigHornRam]

Wonder how the market will digest a government shut down?

Senate leans toward Dec. 16 stopgap funding bill - Roll Call

Navigating the evenly divided Senate to get 60 votes to advance the bill will likely require talks on pandemic funding and other issues.

rollcall.com

 

[westbranch]

Hey here’s an idea…let’s forgive student loans for 43 million people. That should help the inflation problem!

The 800 billion of PPP loans had a much bigger impact. The total ERC credits would be interesting to see too.

 

[rogerthat]

Free chit = inflation; your welcome for the economics lesson; slow Joe still doesn’t get it; he will by 2024 I bet

 

[schmalts]

Free chit = inflation; your welcome for the economics lesson; slow Joe still doesn’t get it; he will by 2024 I bet

I doubt he will be in the oval office at that time.

 

[noharleyyet]

Is it victory lap day again?

 

[rogerthat]

I doubt he will be in the oval office at that time.

I will stick to predicting the bottom for this bear market. Sticking to my guns, 2800 on the S&P and telling @SAJ-99 to kiss my feet.

 

[Mallardsx2]

I will stick to predicting the bottom for this bear market. Sticking to my guns, 2800 on the S&P and telling @SAJ-99 to kiss my feet.

If the S&P goes to 2800 the economy is beyond toast. I hope your wrong.

 

[Bam Bam]

Inflation 101: here's what it means and how it is calculated - MarketWatch

Inflation means prices rise across the board, in an industry or an entire economy. But how does inflation become official and how is it calculated? Here's what you need to know.

www.marketwatch.com

Dummied down basics. In HT language.

Here is another 3-minute video about on inflation. Inflation is always and only a monetary phenomenon.

Milton Friedman-Only Government Creates Inflation

 

[BigHornRam]

Is it victory lap day again?

I think today is nap day. All that yelling yesterday wore him out.

 

[stealthy_bowman]

It was a rounding error after 5 Trillion in stimulus money.

Nearly $500B in additional stimulus by way of student loan forgiveness is hardly a rounding error…

 

[brymoore]

Nearly $500B in additional stimulus by way of student loan forgiveness is hardly a rounding error…

I heard $350B but even $500B is 10% of $5T.

Minor amount in comparison.

 

[BigHornRam]

I heard $350B but even $500B is 10% of $5T.

Minor amount in comparison.

You know we have gone off the rails when people are justifying $500B give away programs by calling it a rounding error.

 

[rogerthat]

You know we have gone off the rails when people are justifying $500B give away programs by calling it a rounding error.

Yeah it’s pretty simple. I have $X amount per month in student loans. Now I have reduced said payment by $Y amount due to student loan forgiveness. Let’s see…what new chit am I going to buy with $Y amount per month now…that’s called an increase in demand and works to increase inflation given a constant/steady supply or decreasing supply of goods. The argument is how significant is it? Well why take the chance? But Slow Joe don’t give a chit.

 

[BigHornRam]

Yeah it’s pretty simple. I have $X amount per month in student loans. Now I have reduced said payment by $Y amount due to student loan forgiveness. Let’s see…what new chit am I going to buy with $Y amount per month now…that’s called an increase in demand and works to increase inflation given a constant/steady supply or decreasing supply of goods. The argument is how significant is it? Well why take the chance? But Slow Joe don’t give a chit.

You are talking over most people's heads here. Make it simple for slow Joe's supporters to understand. Cardi B understands.

 

[brymoore]

You know we have gone off the rails when people are justifying $500B give away programs by calling it a rounding error.

It is a rounding error when considering inflation. $5 trillion or $5.5 trillion? Big whoop. Inflation is going to happen.

Stop ignoring what caused the inflation by worrying about the little problems.