Credit deflation and the reflation cycle to come (part 3)

[HousePriceMania]

6 minutes ago, feed said:

US inflation at 6.2% in October

https://www.teletrader.com/us-inflation-at-6-2-in-october/news/details/56716041?internal=1

The Consumer Price Index (CPI) for all items in the United States rose by 0.9% in October in comparison to the same period the year before, beating market expectations, the US Bureau of Labor Statistics revealed in its report published on Wednesday.

On a monthly level, the figure went up by 0.9%, also exceeding analysts' projections.

The expansion was pushed by growths in various sectors, most notably energy, shelter, food, used cars and trucks, and new vehicles. The prices of energy saw a monthly increase of 4.8%, with the fees for gasoline going up by 6.1%. The costs of food gained 0.9%. Meanwhile, the index for all items less food and energy advanced by 0.6% month-on-month.

 

How can they not now taper and raise rates ?

 

oh, I forgot, they are corrupt criminals.

[DurhamBorn]

1 minute ago, feed said:

US inflation at 6.2% in October

https://www.teletrader.com/us-inflation-at-6-2-in-october/news/details/56716041?internal=1

The Consumer Price Index (CPI) for all items in the United States rose by 0.9% in October in comparison to the same period the year before, beating market expectations, the US Bureau of Labor Statistics revealed in its report published on Wednesday.

On a monthly level, the figure went up by 0.9%, also exceeding analysts' projections.

The expansion was pushed by growths in various sectors, most notably energy, shelter, food, used cars and trucks, and new vehicles. The prices of energy saw a monthly increase of 4.8%, with the fees for gasoline going up by 6.1%. The costs of food gained 0.9%. Meanwhile, the index for all items less food and energy advanced by 0.6% month-on-month.

 

Nice to see my inflation targets hitting now,inked 3 years ago before this happened based on how much i thought they needed to print back to cover the dis-inflation.We are actually ahead of what i thought as i had it more back ended,so we are getting more now less later,or i was understating and my 62% cycle inflation compounded is too low.I think it still looks good though.Notice the telcos have all started going up,some a lot like in Brasil,others creeping forward in Europe.

[ThoughtCriminal]

1 minute ago, DurhamBorn said:

Nice to see my inflation targets hitting now,inked 3 years ago before this happened based on how much i thought they needed to print back to cover the dis-inflation.We are actually ahead of what i thought as i had it more back ended,so we are getting more now less later,or i was understating and my 62% cycle inflation compounded is too low.I think it still looks good though.Notice the telcos have all started going up,some a lot like in Brasil,others creeping forward in Europe.

Well they're talking about replacing Powell with someone more willing to let rip with QE, so im calling it: DB was too cautious 😂

 

On a serious note though, what a fucking shit show we're entering into here. 

[Harley]

4 hours ago, jamtomorrow said:

Makes me wonder:

1/ how they'll go about finding anyone decent to work on it (per recent discussions on this thread about the quality of public sector technocrats in other fields). Like, if you're already in blockchain and you're any good, why on earth would you want to go and work for the enemy?

....

Exactly.  It will be a public/private partnership (it already is to some extent) with the private taking a slice (like the pharmas are lining up to do).  Pure corporatism/fascism.  Mr Robot style.

[MvR]

12 minutes ago, DurhamBorn said:

Nice to see my inflation targets hitting now,inked 3 years ago before this happened based on how much i thought they needed to print back to cover the dis-inflation.We are actually ahead of what i thought as i had it more back ended,so we are getting more now less later,or i was understating and my 62% cycle inflation compounded is too low.I think it still looks good though.Notice the telcos have all started going up,some a lot like in Brasil,others creeping forward in Europe.

I was wondering why PMs just spiked up.. now I know!

[Harley]

3 hours ago, HousePriceMania said:

You are correct.  The bankers have been deregulated, they will take everything then collapse the system.

At that point they'll be re-regulated and/or have caused a war, 10s of millions, billions even could be dead, everyone will be skint and they'll be sat on their private islands snorting coke from a prostitutes arse cheeks. 

It's Corporatism/Fascism, take your esoteric pick of definition.  The State (all, not just the polos) merged with big business.  Look at COVID, climate change, the recent massive roll call of MPs on private sector bennies, civil servants on boards, funded think tanks promoting/setting policy, the power of the third sector, the socialisation, the jobs, books, and speaking engagements in retirement,......

[HousePriceMania]

Im going to buy some barrick and Yamana gold shares today, any other suggestions, this insanity is going to get worse so want some as a hedge

[Harley]

2 hours ago, AlfredTheLittle said:

.....keep people consuming to keep the economy moving ( which obviously is the opposite of what they claim they want to do for the environment

No conflict.  Debt fuellled consumption growth is over.  The plebs are no longer needed.  The environment, fake or not, is the new driver for growth and only the State and big business can slay that dragon.  Indeed, we are now part of the problem, not its consuming solution.

[Harley]

9 minutes ago, MvR said:

I was wondering why PMs just spiked up.. now I know!

Technically, a high probability expectation.  The news follows.

[Harley]

2 hours ago, Cattle Prod said:

If you have an independent source of income, you are free, and the state has to work for you. If your source of income comes from the state, you work for the state; whether you know it or not, you are a slave. So of course they want more slaves, and less clients.

Peversely, it's called the "client state" for a reason!

[Harley]

2 hours ago, Agent ZigZag said:

If you applied for the new Universal Credit and did not declare your ISA how would the system know?

"Big data".

[geordie_lurch]

So I missed this from the other day from Glasgow via Trudeau the NWO's greatest puppet here but it seems another 'conspiracy theory' is about to become true in the not too distant future

"Limit personal consumption of hydrocarbons by individual Canadians, in terms of allowable miles travelled by motor vehicle, train or air."

I'm pretty sure they will try and track your usage via your Covid Passport (Digital ID) or whatever the equivalent is where you are

[MvR]

Great Panther down 30% on the day.  what happened?  lol

[HousePriceMania]

17 minutes ago, MvR said:

I was wondering why PMs just spiked up.. now I know!

I just put another £30K into oil shares.

The time for dicking about is over.  

The bankers are out of control.

[HousePriceMania]

Somethings not right in the world, my holding of the Scottish stock:

MACBETH ORD GBP0.061728395 MACB +21.28%

 

[Harley]

2 hours ago, Hancock said:

 

 

37 minutes ago, DurhamBorn said:

Nice to see my inflation targets hitting now,inked 3 years ago before this happened based on how much i thought they needed to print back to cover the dis-inflation.We are actually ahead of what i thought as i had it more back ended,so we are getting more now less later,or i was understating and my 62% cycle inflation compounded is too low.I think it still looks good though.Notice the telcos have all started going up,some a lot like in Brasil,others creeping forward in Europe.

Soon the ease and talk it was indeed all just transitionary and the CBs knew best?  Except it never goes back down (negative) so it ain't, it's a permenant step change up.  But we all go "phew", stuff sells off, and the smart money moves in for the next  (more insidious) phase where it crawls up, and up, and up?

[DoINeedOne]

9 minutes ago, MvR said:

Great Panther down 30% on the day.  what happened?  lol

Saw this yesterday evening

 

[Axeman123]

2 minutes ago, geordie_lurch said:

"Limit personal consumption of hydrocarbons by individual Canadians, in terms of allowable miles travelled by motor vehicle, train or air."

I'm pretty sure they will try and track your usage via your Covid Passport (Digital ID) or whatever the equivalent is where you are

Presumably CBDC will enable two paralel balances, Fiat and carbon credit. Every product could then have the two paralel prices, and both debit in a single transaction.

Like a religion fiat could be exchanged for indulgences, but at a punitive rate to prevent the little people with a few quid forgetting their place. Meanwhile all wealthy people would make political donations to be a "climate envoy", with special exemptions to attend "climate conferences" in holiday destinations around the world on their private jet.

[Hancock]

Surely at 6.2% it bring the interest rate rise forward, or at least suggestions that its going to happen sooner than the end of 2022.

[Heart's Ease]

I am not sure how big a domino this default is.

[HousePriceMania]

45 minutes ago, DurhamBorn said:

Nice to see my inflation targets hitting now,inked 3 years ago before this happened based on how much i thought they needed to print back to cover the dis-inflation.We are actually ahead of what i thought as i had it more back ended,so we are getting more now less later,or i was understating and my 62% cycle inflation compounded is too low.I think it still looks good though.Notice the telcos have all started going up,some a lot like in Brasil,others creeping forward in Europe.

Hey DB.

Are you saying, no deflation bust now ?

If they are forced to raise rates sharply and wage inflation lags, are we talking a large house price crash and BKK  ?

[BadAlchemy]

18 minutes ago, HousePriceMania said:

Im going to buy some barrick and Yamana gold shares today, any other suggestions, this insanity is going to get worse so want some as a hedge

I have some (far too) modest holdings of Yamana, Barrick, Harmony, Sibanye, Fortuna, Anglogold Ashanti.  Not advice/DYOR etc. They were among various miners discussed on first part of this thread a few years ago... thanks DB, Sancho and all of you. The miners are liking this , as am I. Most are up 3 or 4 percent. Anglogold is up over 9 percent.

[Castlevania]

26 minutes ago, HousePriceMania said:

Im going to buy some barrick and Yamana gold shares today, any other suggestions, this insanity is going to get worse so want some as a hedge

The Mighty Panther

Don’t by the way. They came out with another profit warning are down by a third today.

[HousePriceMania]

Just now, Heart's Ease said:

I am not sure how big a domino this default is.

 

[Axeman123]

Gold at 1861 usd/oz, my GJGB up 4% today!

8 minutes ago, Hancock said:

Surely at 6.2% it bring the interest rate rise forward, or at least suggestions that its going to happen sooner than the end of 2022.

DXY is up today, maybe pricing that in?