Credit deflation and the reflation cycle to come (part 2)

[Majorpain]

57 minutes ago, Cattle Prod said:

Liam Fox is having none of the statistical manipulation!! Now it's in the parliamentary record, bloody love it. The tide has turned, this thing will be over soon. I'm looking forward to getting back to focussing on how to make money from this cycle.

 

Good to see the right difficult questions being asked! 

I live in hope that we will have a press conference where the media actually starts digging down into the data and we get to watch some scientific advisors squirm.

[DurhamBorn]

2 hours ago, feed said:

https://www.teletrader.com/powell-we-plan-to-focus-on-maximum-employment/news/details/54334884?ts=1610648631036

Federal Reserve Chairman Jerome Powell said on Thursday that FED will no longer be going to raise interest rates unless it sees imbalances in the employment sector.

"When you look at maximum employment as an exclusive goal, it cannot be achieved if lots of people are not working especially in the minority communities. We focus on it. We do understand that those issues are important national issues and what we can do is invest in education and training. That has to become a national goal," he stated.

Powell added that "in the near term as we see increases in spending, we could see upward pressures on prices. and we could see measured inflation going up. The real question is how much this will be persistent. Let's say that we have a stronger economy in the second part of the year, it is strongly integrated with the rest of the world."

What did i say,the 70s inflation was caused because they feared unemployment more than inflation,and we are back there again.Its simple ,but profound things like this that define cycle turns.The most de-complex trade of them all is potash and thats probably doing best in the market from the bottom.We are on the right roadmap so far.

Will they continue to print after 3% inflation?.Maybe they will.

[Don Coglione]

1 hour ago, Cattle Prod said:

Liam Fox is having none of the statistical manipulation!! Now it's in the parliamentary record, bloody love it. The tide has turned, this thing will be over soon. I'm looking forward to getting back to focussing on how to make money from this cycle.

 

Dr. Fox going early in the race to replace dead-duck Boris?

[DurhamBorn]

2 hours ago, feed said:

https://economictimes.indiatimes.com/news/company/corporate-trends/essar-to-invest-750-million-to-set-up-hydrogen-project-in-uk/articleshow/80250798.cms

New Delhi: Essar Group in partnership with clean energy specialist Progressive Energy will invest 750 million pound to build the UK's biggest low carbon hydrogen production hub at Stanlow refinery in Ellesmere Port, Cheshire. The investment in two plants will be part of the HyNet scheme, a project to supply low carbon hydrogen to industrial sites and homes in north-west England.

This is starting to move quick now.  

And its blue hydrogen from gas like i said,not green 

[Jesus Wept]

My brother asked me if I could see a stockmarket crash coming soon.....

Here is my reply .... (the rantings of a madman possibly as I haven’t eaten in 14 days.... they do say one can see more clearly on a fast). (Source  material from @DurhamBorn2020-21).
 

What I now see this year in terms of Stockmarket performance is a little pull back  (10-15%) from where we are now (6800) maybe to 6000pts. Maybe 5800.

There is trillions and trillions of dollars in liquidity pushing through the pipes and more to come.

Government are (rightly) borrowing hugely at the lowest long term IR’s ever over really long time frame (50years) and will be investing massively in infrastructure (in ‘deprived areas’ like the NE).

All this money printing, borrowing of money and ‘malinvestment’  and the end of covid, may result in a wall of money becoming a surge in inflation throughout the 2020’s. Not just in U.K. but US etc.

Exacerbated by China no longer exporting deflation. Inflation, starting late 21 or 22 - hitting double figures by 2025-27.

Inflation is notoriously bad for most stocks. I’ll be protecting myself  from inflation with companies at the base of the supply chain. Big oils, potash, telecoms and miners plus commodities and commodity tracker. Gold and Silver will surge.

Governments will have to tighten IRs - they will have no choice -  and this will eventually result in stagflation, and possibly a massive monetary collapse and potential collapse of the financial system.

Physical gold and silver (and housing assets) might offer the only protection.  I also see an oil supply squeeze early on this decade, late 2021 or early 2022 which will also kickstart inflation. 
 

However alternatively I can easily see the NASDAQ collapse 30-50% or more within 6 months or earlier of today’s date. Tesla will be the ‘pin’. Ftse could as a result hit 5500 in the fallout, but it will be a short lived fall. It will benefit certain non service, and non-tech stocks long term.
 

This Nasdaq fall will just result in more and more fed stimulus $Trillions and $Trillions. Other major governments will be doing the same. This liquidity will get into the pipes and just keep pushing up assset prices and destroy the currency. They will have no choice but to just keep printing.

Bottom line is I am not too bothered by short term (12 months) ‘mini crashes’, ultimately my theory is that we are well on the way to having a ‘crack up boom’. Oil will be over $100 per barrel within 18 months possibly earlier. Well into the decade Silver could hit $150/oz (and Gold $7000/oz).

Most of this has been absorbed from reading this thread too much.....

Discuss ? 

[Viceroy]

10 hours ago, JMD said:

Wherebee, i agree the effects are as you describe - and I'm no expert - but isn't DurhamBorns point really about the causes and that CB's were given their gig (i.e. for the US, see Jeckyll island) and 'arms-length' (i.e. convenient 'not me guv'... nor of England!) powers by our elected governments. It's similar to the banking 'franchise', granted to the retail banking system, allowing fractional lending, money printing, etc, and where all those powers can similarly be taken back in-house when/if government wants... probably approx. 2028 if this thread is even half accurate.   

 

 

Interesting to get a historical viewpoint from Armstrong about the original role of the Fed and how Govt forced changes to it over the years.  This is a bit of a warning 'We now have countless cryptocurrencies issued the very same way we had countless banks issuing money before the system collapsed'; 

 

https://www.armstrongeconomics.com/qa/the-creature-from-jekyll-island/

Question; What is your opinion on how G. Edward Griffen’s book, “The Creature From Jekyll Island”, relates to the discussion on the above topic. Do you think he is wrong on his analysis of the Federal Reserve?

ANSWER: This is like asking to criticize the Bible since so many people believe every word written in this book. Well here it goes. Thousands of hate e-mails will flood in, but conspiracy myths be damned, they are a cover-up for the real culprit – Congress. Some people hate central banks because of this book, they believe Andrew Jackson was a hero and are oblivious to the fact that he set off a round of wildcat banking that ended in yet another sovereign debt default among the states who then tried to bailout their own banks.

 

https://www.armstrongeconomics.com/world-news/central-banks/the-creature-from-jekyll-island-unprofessional-book/

The meeting was in secret BECAUSE this was the rising period of Marxism, which was very popular before the Russian Revolution of 1917. All bankers were seen as evil. That book is highly dangerous for it completely misrepresents the facts and fails to understand that elastic money began in the 1850s and was created privately by clearing houses. It worked perfectly fine and it was not economically disastrous but BENEFICIAL! This is the entire foundation of cryptocurrencies all based upon the fact that they ASSUME the Fed is evil. We now have countless cryptocurrencies issued the very same way we had countless banks issuing money before the system collapsed.The ability to create money by the Federal Reserve is essential as originally designed. However, that design was directly beneficial for it would buy ONLY short-term corporate paper in a crisis when banks could not lend. Buying corporate paper saved jobs. The key was a simple fact it was corporate and NOT the government. Corporates have to pay back – the government does not.

It was not that the Fed was evil, it was that the Fed was usurped by Congress during World War I and directed to buy only the paper of the government. It was that aspect that has altered the role of the central bank and is demonstrated why the ECB in Europe now own 40% of all government debt and they cannot stop without creating a crisis. Elastic money was a good solution when it actually expanded in a shortage and contracted in surplus. That was ONLY possible when it was corporate paper and when the government ordered government paper should be bought EXCLUSIVELY, the entire system was undermined.,....Once the banks became the seller of government debt, they then had a grip on government and with the Fed only buying government debt, the entire system is nothing like the intended design.

 

https://www.armstrongeconomics.com/history/americas-economic-history/the-federal-reserve-part-ii/

The idea of “elastic money” was to increase the supply of cash during such a crisis to meet the demand for withdrawals and that would offset the need to sell assets by calling in long-term debts. By increasing the money supply on a temporary basis, the Fed could offset the contraction in theory smoothing out the business cycle.

This was a brilliant scheme. However, it has been Congress, and not the Fed, who has corrupted that mechanism. The Fed was owned technically by the banks as this was supposed to save the taxpayer money. The banks should contribute to their own bailout fund.

 

https://www.armstrongeconomics.com/uncategorized/federal-reserve-confusion/

As always, it was government who cannot keep their fingers out of other people’s pockets. They alter designs for emergency reasons but never return them to the original state. The next change came for World War I. The US government needed to sell debt to pay for the war. They then ordered the Fed to buy government bonds not corporate. This ended the Fed’s ability to DIRECTLY stimulate the economy. We are to this day plagued by this idea that Fed is now a quasi-arm of government yet owned technically by banks. It was never designed for this type of function. Politicians have screwed this up – not the bankers.

 

 

[DurhamBorn]

2 hours ago, Vendetta said:

£2 ....  ? That’s how much I pay for a loaf of bread now  .......  😳

Lidl's wholemeal seeded bread 79p is superb,15% seeds as well and the birds love the scrag ends.

[Jesus Wept]

8 minutes ago, DurhamBorn said:

Lidl's wholemeal seeded bread 79p is superb,15% seeds as well and the birds love the scrag ends.

Vendetta’s plain white sourdough is superb, 600g, and my bird loves the scrag ends. 😉

(Now stop trolling your own thread! 🤣 and get back to inflation and deflation and the coming monetary collapse! Enough of this bread talk @DurhamBorn!) 

[leonardratso]

10 minutes ago, DurhamBorn said:

Lidl's wholemeal seeded bread 79p is superb,15% seeds as well and the birds love the scrag ends.

so thats how you get all the wimmin, you silver fox you.

[Bobthebuilder]

6 minutes ago, DurhamBorn said:

Lidl's wholemeal seeded bread 79p is superb,15% seeds as well and the birds love the scrag ends.

Do some of your pizza dough in the Ferrari oven in small loaf shapes or like a Turkish pide. Should come out a treat.

[Bobthebuilder]

1 minute ago, Vendetta said:

Vendetta’s plain white sourdough is superb, 600g, and my bird loves the scrag ends. 😉

(Now stop trolling your own thread! 🤣 and get back to inflation and deflation and the coming monetary collapse! Enough of this bread talk @DurhamBorn!) 

That looks fantastic. I made my own sourdough for years until lockdown, best bread you can get.

Anyway that's my off-topic posts for the week, back to the model railway thread for me.

[DurhamBorn]

@Viceroy really glad you put that on the thread,because its where almost everyone goes wrong and are all simply part of the crowd thinking the evil bankers etc.Once you understand what the Fed/CBs are actually trying to do you can then form a roadmap.They are far from perfect,but left leaning governments (and some right leaning ones) have caused the problems.

[AWW]

34 minutes ago, Vendetta said:

However alternatively I can easily see the NASDAQ collapse 30-50% or more within 6 months or earlier of today’s date. Tesla will be the ‘pin’.

Discuss ? 

I sold out of Tesla today at the same % profit as I'm sitting in on most of my oilies. I had come to think of Tesla as being misunderstood, just another energy company.  However, while playing around with TradingView, I decided to overlay a USDBTC chart on a TSLA chart. You'd have trouble telling the two apart.

When Bitcoin corrects, which it has to given the parabolic chart, I think there's a very big risk that TSLA corrects in a similar fashion and that will kick off NASDAQ carnage.

[Yellow_Reduced_Sticker]

7 hours ago, Cattle Prod said:

US inflation, yoy changes....

...

 

@Cattle Prod SIR your posts are at times just... 'Off the scale' ...Many THANKS !

 

"HOUSEHOLD CLEANING SUPPLIES" ...BEAT  "food at home" unreal...!!!

 

NOW I know why my 'Mcbride' have shot up, i mentioned these back in the summer, AND contrary to what @MrXxxx says (he's CORRECT on the iffy YRS pork chops;-) , this was my ONLY share mention, (as i'm a Jesse Livermore disciple)

 

Have to say, bloody well AMAZING even for my timing to get in at around 59p!

 

Anyone here buy any 'Mcbride' ?

 

 

 

2 hours ago, Castlevania said:

I wouldn’t eat bread if it cost me £2 a loaf

 

PULL ya socks up me 'ol mucker!

 

Just returned from moggys NEVER do that well there on meats, veg, etc... ect, however they nearly ALWAYS have bread going for PENNIES, I bet YOU know I was gonna be along to post this REDUCTION!

 

BTW. LOVE Sourdough bread is my FAV, however where I used to get it it's now gone up to a RIP-OFF £3.50, so I WON'T be able to SPLASH out until I TOP SLICE my portfolio, YOU know just the day BEFORE the BK!

 

 

 

 

 

 

 

 

 

[MrXxxx]

10 hours ago, Barnsey said:

 

Fuc£ me, is this what I have got to look forward to for the rest of my life now?...forget the vaccine, give me a bullet!

[Green Devil]

2 hours ago, dnb24 said:

Love it!! Fully agree- and when you add in the fact that general beds in the UK have dropped by over 50% since 1987, and acute beds by 30+%, (https://www.kingsfund.org.uk/publications/nhs-hospital-bed-numbers) you exacerbate the fear through the systems inability to cope- when really it should manage- but I suppose that’s a good example of disinflation for you!

Let me get this straight. Are you saying that that hospital beds is not index linked to population inflation?

Gasp Shock horror. 

[AWW]

3 minutes ago, Green Devil said:

Let me get this straight. Are you saying that that hospital beds is not index linked to population inflation?

Gasp Shock horror. 

You can't do that when you import hordes of semi-literate, workshy imbeciles who, if they even bother to get a job, don't earn enough to pay any tax. 

[sancho panza]

3 hours ago, The_Doc said:

Here is the longer term view

https://news.sky.com/story/covid-19-how-mortality-rates-in-2020-compare-with-past-decades-and-centuries-12185275

"So actuaries have devised a measure called age-standardised mortality. This is perhaps the gold standard of mortality measurements - so what happens when one examines 2020 in terms of standardised mortality?

Well, according to analysis carried out for Sky News by the Continuous Mortality Investigation of the Institute and Faculty of Actuaries, the deterioration in mortality during 2020 was almost without parallel."

And the 2020 deaths are despite lockdown and restrictions and masks, social distancing etc.

This is exactly the sort of cherry picking of data that gives the MSM a bad name.What they're claiming is that the decline in mortality is the third worst year on record.You'll notice that using this measure they're effectively claiming Covid is worse than Spanish Flu.............

In their defence,they do explain their method at the end of the article:

'Well, according to analysis carried out for Sky News by the Continuous Mortality Investigation of the Institute and Faculty of Actuaries, the deterioration in mortality during 2020 was almost without parallel.

In this case, we're measuring mortality improvements, so anything in negative territory is bad. And the fall in mortality improvements during 2020, compared with the previous year, was the single biggest annual drop since 1929. In fact, if you were to put together a list of the worst years for annual changes in mortality improvements going all the way back to 1842, 2020 would be the third biggest annual fall in mortality improvements, after the Great Freeze of 1895 and the flu pandemic of 1929 (and somewhat worse than 1847, during which there was a severe cholera outbreak, and 1915, the midst of the Great War).'

 

 

The data they're using for all cause mortality also disagrees with the venerable BBC

Sky from the link,claiming worst year since 2003.Maybe Sky includes December?

https://www.bbc.co.uk/news/uk-55631693

The data is only available until November - so the impact of deaths in December have not yet been taken into account - but it shows the death rate at that stage was at its highest in England since 2008.

[MrXxxx]

2 hours ago, Vendetta said:

Until recently I’ve been making my own - 40p a loaf and way tastier. Checkout the ‘sourdough’ thread. That’s another thing I’ll miss on a keto diet. 😬 

Edited to add: Let’s not derail DB’s  thread taking about bloody bread 😂. See you on the sourdough thread. 

 

Here we go....I can see whats going to happen here!...and it did...a mini Fanny Craddock corner for five minutes :-)))

[Green Devil]

2 minutes ago, AWW said:

You can't do that when you import hordes of semi-literate, workshy imbeciles who, if they even bother to get a job, don't earn enough to pay any tax. 

But i thought these were young fit healthy nurses and doctors we were importing? Surely they dont need any beds ? 

[sancho panza]

8 hours ago, Cattle Prod said:

US inflation, yoy changes. Headline 'all items' number is still low because inflating categories are cancelled out by some significantly deflating ones. Perhaps explains some of the inflation/deflation feelings out there. However, I note that the big deflated categories are really only being pinned down by covid, like a beach ball under water. Unless the inflated ones back off too, hell will be unleashed with the easing of restrictions, perhaps to go above 3% on the face of it in the first wave. For example, I can see air fares going from 17% discounts to price gouging within the space of a week once we are let out. Motor vehicle insurance will go back up once everyone is out getting drunk and driving again, hotels will likely be packed to the gunnels etc.

 

Edit:

I have to laugh at the mens clothing, totally understandable. In the absence of having to go to work or be out in public, men couldn't give 2 shits about clothes! I rotated 2 old pairs of rugby shorts for about 7 months last year. That was it, drove the Mrs nuts 

Sorry for the long reply,but here are the msot up to date weightings on the BLS site from Dec 2019.Lots of potential yoyo here.When you run through it,you appreciate what a job (mis)measuring inflation is.Also gives an appreciation of the potential variation between income deciles.COllege tution and fees at 1% seems laughable.

https://www.bls.gov/cpi/tables/relative-importance/2019.txt

Table 1 (2017-2018 Weights). Relative importance of components in the Consumer
 Price Indexes:  U.S. city average, December 2019

 (Percent of all items)
                                                                                    
                                                                                    
                                                             U.S. city average      
                    Item and group                                                  
                                                                                    
                                                            CPI-U          CPI-W    
                                                                                    
                                                                                    
                                                                                    
                 Expenditure category                                               
                                                                                    
 All items............................................   100.000        100.000     
                                                                                    
  Food and beverages..................................    14.794         16.246     
   Food...............................................    13.771         15.343     
                                                                                    
    Food at home......................................     7.579          8.746     
     Cereals and bakery products......................      .984          1.124     
      Cereals and cereal products.....................      .301           .366     
       Flour and prepared flour mixes.................      .040           .051     
       Breakfast cereal...............................      .140           .166     
       Rice, pasta, cornmeal..........................      .121           .150     
      Bakery products.................................      .682           .757     
       Bread..........................................      .196           .212     
       Fresh biscuits, rolls, muffins.................      .099           .110     
       Cakes, cupcakes, and cookies...................      .175           .196     
       Other bakery products..........................      .212           .239     
     Meats, poultry, fish, and eggs...................     1.682          2.069     
      Meats, poultry, and fish........................     1.581          1.947     
       Meats..........................................      .989          1.214     
        Beef and veal.................................      .454           .561     
         Uncooked ground beef.........................      .167           .218     
         Uncooked beef roasts.........................      .070           .085     
         Uncooked beef steaks.........................      .176           .207     
         Uncooked other beef and veal.................      .041           .052     
        Pork..........................................      .310           .389     
         Bacon, breakfast sausage, and related                                      
             products.................................      .128           .153     
         Ham..........................................      .062           .074     
         Pork chops...................................      .048           .067     
         Other pork including roasts, steaks, and ribs      .072           .095     
        Other meats...................................      .225           .264     
       Poultry........................................      .323           .413     
        Chicken.......................................      .266           .355     
        Other uncooked poultry including turkey.......      .058           .058     
       Fish and seafood...............................      .268           .321     
        Fresh fish and seafood........................      .135           .158     
        Processed fish and seafood....................      .133           .162     
      Eggs............................................      .102           .121     
     Dairy and related products.......................      .768           .840     
      Milk............................................      .209           .252     
      Cheese and related products.....................      .260           .267     
      Ice cream and related products..................      .108           .113     
      Other dairy and related products................      .192           .207     
     Fruits and vegetables............................     1.317          1.438     
      Fresh fruits and vegetables.....................     1.039          1.113     
       Fresh fruits...................................      .537           .569     
        Apples........................................      .074           .081     
        Bananas.......................................      .078           .090     
        Citrus fruits.................................      .135           .154     
        Other fresh fruits............................      .250           .243     
       Fresh vegetables...............................      .502           .544     
        Potatoes......................................      .076           .084     
        Lettuce.......................................      .063           .065     
        Tomatoes......................................      .080           .090     
        Other fresh vegetables........................      .282           .305     
      Processed fruits and vegetables.................      .278           .325     
       Canned fruits and vegetables...................      .145           .173     
       Frozen fruits and vegetables...................      .083           .090     
       Other processed fruits and vegetables including                              
           dried......................................      .051           .062     
     Nonalcoholic beverages and beverage materials....      .903          1.083     
      Juices and nonalcoholic drinks..................      .642           .810     
       Carbonated drinks..............................      .263           .342     
       Frozen noncarbonated juices and drinks.........      .006           .008     
       Nonfrozen noncarbonated juices and drinks......      .372           .460     
      Beverage materials including coffee and tea.....      .261           .273     
       Coffee.........................................      .167           .169     
       Other beverage materials including tea.........      .094           .104     
     Other food at home...............................     1.925          2.193     
      Sugar and sweets................................      .262           .276     
       Sugar and sugar substitutes....................      .035           .040     
       Candy and chewing gum..........................      .175           .180     
       Other sweets...................................      .053           .056     
      Fats and oils...................................      .209           .236     
       Butter and margarine...........................      .062           .066     
       Salad dressing.................................      .051           .061     
       Other fats and oils including peanut butter....      .096           .109     
      Other foods.....................................     1.453          1.681     
       Soups..........................................      .085           .089     
       Frozen and freeze dried prepared foods.........      .250           .295     
       Snacks.........................................      .329           .378     
       Spices, seasonings, condiments, sauces.........      .283           .319     
       Baby food......................................      .042           .071     
       Other miscellaneous foods......................      .464           .530     
                                                                                    
    Food away from home...............................     6.191          6.597     
     Full service meals and snacks....................     3.127          2.884     
     Limited service meals and snacks.................     2.665          3.266     
     Food at employee sites and schools...............      .145           .168     
     Food from vending machines and mobile vendors....      .081           .117     
     Other food away from home........................      .173           .161     
    Alcoholic beverages...............................     1.023           .904     
     Alcoholic beverages at home......................      .572           .538     
      Beer, ale, and other malt beverages at home.....      .220           .276     
      Distilled spirits at home.......................      .092           .097     
      Wine at home....................................      .259           .165     
     Alcoholic beverages away from home...............      .452           .366     
                                                                                    
  Housing.............................................    42.107         40.581     
   Shelter............................................    33.158         31.342     
    Rent of primary residence.........................     7.792         10.600     
    Lodging away from home............................      .924           .564     
     Housing at school, excluding board...............      .118           .050     
     Other lodging away from home including hotels and                              
         motels.......................................      .807           .514     
    Owners' equivalent rent of residences.............    24.071         19.850     
     Owners' equivalent rent of primary residence.....    22.864         19.270     
     Unsampled owners' equivalent rent of secondary                                 
         residences...................................     1.208           .580     
    Tenants' and household insurance..................      .371           .328     
   Fuels and utilities................................     4.349          4.841     
    Household energy..................................     3.266          3.654     
     Fuel oil and other fuels.........................      .170           .127     
      Fuel oil........................................      .106           .080     
      Propane, kerosene, and firewood.................      .063           .048     
     Energy services..................................     3.096          3.527     
      Electricity.....................................     2.405          2.788     
      Utility (piped) gas service.....................      .691           .739     
    Water and sewer and trash collection services.....     1.083          1.187     
     Water and sewerage maintenance...................      .795           .879     
     Garbage and trash collection.....................      .288           .307     
   Household furnishings and operations...............     4.600          4.397     
    Window and floor coverings and other linens.......      .279           .261     
     Floor coverings..................................      .064           .046     
     Window coverings.................................      .059           .040     
     Other linens.....................................      .157           .174     
    Furniture and bedding.............................      .936           .906     
     Bedroom furniture................................      .336           .343     
     Living room, kitchen, and dining room furniture..      .450           .445     
     Other furniture..................................      .141           .107     
     Unsampled furniture..............................      .009           .011     
    Appliances........................................      .210           .248     
     Major appliances.................................      .068           .101     
     Other appliances.................................      .140           .143     
     Unsampled appliances.............................      .003           .004     
    Other household equipment and furnishings.........      .537           .514     
     Clocks, lamps, and decorator items...............      .313           .301     
     Indoor plants and flowers........................      .091           .070     
     Dishes and flatware..............................      .054           .057     
     Nonelectric cookware and tableware...............      .079           .086     
    Tools, hardware, outdoor equipment and supplies...      .872          1.034     
     Tools, hardware and supplies.....................      .238           .285     
     Outdoor equipment and supplies...................      .448           .585     
     Unsampled tools, hardware, outdoor equipment and                               
         supplies.....................................      .186           .164     
    Housekeeping supplies.............................      .891           .989     
     Household cleaning products......................      .351           .420     
     Household paper products.........................      .221           .248     
     Miscellaneous household products.................      .319           .321     
    Household operations..............................      .875           .445     
     Domestic services................................      .291           .100     
     Gardening and lawncare services..................      .303           .137     
     Moving, storage, freight expense.................      .087           .062     
     Repair of household items........................      .117           .102     
     Unsampled household operations...................      .078           .045     
                                                                                    
  Apparel.............................................     2.810          3.171     
   Men's and boys' apparel............................      .697           .811     
    Men's apparel.....................................      .553           .619     
     Men's suits, sport coats, and outerwear..........      .103           .079     
     Men's underwear, nightwear, swimwear, and                                      
         accessories..................................      .155           .182     
     Men's shirts and sweaters........................      .159           .186     
     Men's pants and shorts...........................      .131           .164     
     Unsampled men's apparel..........................      .006           .008     
    Boys' apparel.....................................      .144           .192     
   Women's and girls' apparel.........................     1.158          1.194     
    Women's apparel...................................      .961           .916     
     Women's outerwear................................      .067           .068     
     Women's dresses..................................      .106           .104     
     Women's suits and separates......................      .496           .480     
     Women's underwear, nightwear, swimwear, and                                    
         accessories..................................      .282           .253     
     Unsampled women's apparel........................      .010           .012     
    Girls' apparel....................................      .197           .278     
   Footwear...........................................      .668           .879     
    Men's footwear....................................      .233           .330     
    Boys' and girls' footwear.........................      .140           .240     
    Women's footwear..................................      .295           .309     
   Infants' and toddlers' apparel.....................      .133           .159     
   Jewelry and watches................................      .154           .129     
    Watches...........................................      .038           .039     
    Jewelry...........................................      .116           .089     
                                                                                    
  Transportation......................................    15.738         17.482     
   Private transportation.............................    14.465         16.557     
    New and used motor vehicles.......................     7.277          7.999     
     New vehicles.....................................     3.734          3.595     
     Used cars and trucks.............................     2.533          3.610     
     Leased cars and trucks...........................      .646           .585     
     Car and truck rental.............................      .129           .108     
     Unsampled new and used motor vehicles............      .235           .101     
    Motor fuel........................................     3.440          4.418     
     Gasoline (all types).............................     3.362          4.326     
     Other motor fuels................................      .079           .092     
    Motor vehicle parts and equipment.................      .397           .475     
     Tires............................................      .252           .287     
     Vehicle accessories other than tires.............      .145           .188     
    Motor vehicle maintenance and repair..............     1.077          1.188     
     Motor vehicle body work..........................      .058           .050     
     Motor vehicle maintenance and servicing..........      .627           .721     
     Motor vehicle repair.............................      .333           .343     
     Unsampled service policies.......................      .058           .073     
    Motor vehicle insurance...........................     1.701          1.920     
    Motor vehicle fees................................      .573           .558     
     State motor vehicle registration and license fees      .297           .315     
     Parking and other fees...........................      .261           .227     
     Unsampled motor vehicle fees.....................      .015           .016     
   Public transportation..............................     1.274           .925     
    Airline fares.....................................      .786           .521     
    Other intercity transportation....................      .180           .105     
    Intracity transportation..........................      .304           .298     
    Unsampled public transportation...................      .003           .001     
                                                                                    
  Medical care........................................     8.833          7.546     
   Medical care commodities...........................     1.643          1.321     
    Medicinal drugs...................................     1.569          1.261     
     Prescription drugs...............................     1.184           .926     
     Nonprescription drugs............................      .385           .335     
    Medical equipment and supplies....................      .074           .059     
   Medical care services..............................     7.190          6.225     
    Professional services.............................     3.643          3.075     
     Physicians' services.............................     1.811          1.505     
     Dental services..................................      .990           .896     
     Eyeglasses and eye care..........................      .369           .325     
     Services by other medical professionals..........      .474           .349     
    Hospital and related services.....................     2.378          2.022     
     Hospital services................................     2.186          1.936     
     Nursing homes and adult day services.............      .122           .073     
     Care of invalids and elderly at home.............      .069           .013     
    Health insurance..................................     1.170          1.128     
                                                                                    
  Recreation..........................................     5.821          5.254     
   Video and audio....................................     1.518          1.583     
    Televisions.......................................      .097           .111     
    Cable and satellite television service............     1.159          1.208     
    Other video equipment.............................      .042           .047     
    Video discs and other media, including rental of                                
        video.........................................      .084           .092     
    Audio equipment...................................      .078           .067     
    Recorded music and music subscriptions............      .046           .043     
    Unsampled video and audio.........................      .012           .014     
   Pets, pet products and services....................     1.203          1.121     
    Pets and pet products.............................      .653           .688     
    Pet services including veterinary.................      .551           .433     
   Sporting goods.....................................      .597           .613     
    Sports vehicles including bicycles................      .362           .408     
    Sports equipment..................................      .225           .195     
    Unsampled sporting goods..........................      .010           .010     
   Photography........................................      .070           .058     
    Photographic equipment and supplies...............      .025           .026     
    Photographers and photo processing................      .044           .032     
    Unsampled photography.............................      .001           .001     
   Other recreational goods...........................      .374           .408     
    Toys..............................................      .289           .334     
    Sewing machines, fabric and supplies..............      .021           .013     
    Music instruments and accessories.................      .047           .037     
    Unsampled recreation commodities..................      .017           .024     
   Other recreation services..........................     1.942          1.411     
    Club membership for shopping clubs, fraternal, or                               
        other organizations, or participant sports                                  
        fees..........................................      .701           .501     
    Admissions........................................      .704           .517     
    Fees for lessons or instructions..................      .213           .134     
    Unsampled recreation services.....................      .324           .259     
   Recreational reading materials.....................      .117           .060     
    Newspapers and magazines..........................      .066           .028     
    Recreational books................................      .049           .032     
    Unsampled recreational reading materials..........      .002           .000     
                                                                                    
  Education and communication.........................     6.770          6.505     
   Education..........................................     3.032          2.174     
    Educational books and supplies....................      .110           .108     
    Tuition, other school fees, and childcare.........     2.922          2.066     
     College tuition and fees.........................     1.579          1.024     
     Elementary and high school tuition and fees......      .427           .264     
     Child care and nursery school....................      .762           .652     
     Technical and business school tuition and fees...      .036           .039     
     Unsampled tuition, other school fees, and                                      
         childcare....................................      .119           .087     
   Communication......................................     3.738          4.331     
    Postage and delivery services.....................      .108           .111     
     Postage..........................................      .098           .094     
     Delivery services................................      .010           .017     
    Information and information processing............     3.630          4.220     
     Telephone services...............................     2.305          2.875     
      Wireless telephone services.....................     1.908          2.523     
      Land-line telephone services....................      .397           .352     
    Information technology, hardware and services.....     1.325          1.345     
     Computers, peripherals, and smart home assistant                               
         devices......................................      .298           .230     
     Computer software and accessories................      .019           .016     
     Internet services and electronic information                                   
         providers....................................      .902          1.014     
     Telephone hardware, calculators, and other                                     
         consumer information items...................      .094           .077     
     Unsampled information and information processing       .012           .007     
                                                                                    
  Other goods and services............................     3.127          3.215     
   Tobacco and smoking products.......................      .587           .954     
    Cigarettes........................................      .509           .840     
    Tobacco products other than cigarettes............      .060           .090     
    Unsampled tobacco and smoking products............      .018           .024     
   Personal care......................................     2.540          2.262     
    Personal care products............................      .689           .747     
     Hair, dental, shaving, and miscellaneous personal                              
         care products................................      .370           .402     
     Cosmetics, perfume, bath, nail preparations and                                
         implements...................................      .311           .330     
     Unsampled personal care products.................      .008           .015     
    Personal care services............................      .666           .624     
     Haircuts and other personal care services........      .666           .624     
    Miscellaneous personal services...................      .984           .725     
     Legal services...................................      .250           .122     
     Funeral expenses.................................      .141           .087     
     Laundry and dry cleaning services................      .219           .232     
     Apparel services other than laundry and dry                                    
         cleaning.....................................      .030           .020     
     Financial services...............................      .232           .169     
     Unsampled items..................................      .112           .095     
    Miscellaneous personal goods......................      .200           .165     
                                                                                                                       
                                                                            

 

[Jesus Wept]

Maybe just use the link @sancho panza 😂

You might want to edit that post.

Bit longist mate? 

[Errol]

[MrXxxx]

35 minutes ago, Yellow_Reduced_Sticker said:

Anyone here buy any 'Mcbride' ?

No, i'm waiting for you to sell before I do :-)))

[MrXxxx]

26 minutes ago, AWW said:

You can't do that when you import hordes of semi-literate, workshy imbeciles who, if they even bother to get a job, don't earn enough to pay any tax. 

Don't need to import them, from what I can see we have a surplus of home-grown ones!