April PCE Inflation rises to 3.1%, highest in 25 years. Consumer incomes drop 13.1%
thestreet.com/investing/federal-reserve-infla...Posted May 28, 2021, 1:08 PM UTC
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thestreet.com
Consumer incomes dropped due to effect of stimulus from last month. Jfc ya’ll 🐻 are never NOT calling for a crash.
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I am not downplaying inflation or anything, i am actually really worried and it's not just USA, it's the whole world more or less. But going up 3% yoy is not that big of a deal considering we had deflation due to lockdowns a year ago. If this continues, nobody can deny inflation though.
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Yea there's already inflation. It's easy to deny until it isn't
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Hmmm
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The inflation is likely transitory and we are more likely in a liquidity trap with deflation being a larger concern.
Jamie Dimon (Chase) the other day said people have lots of money (i.e. he knows bank accounts are sitting with more cash than ever before). It seems people are not spending and perhaps not investing (lack of good investments... look at Berkshire with $80B in cash).
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“People” have lots of money?! No, wealthy people the 1% have lots of money and they are playing chicken with the fed.
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People got a lot of stimulus type of money and they were spending less so people have more money. Personal debt levels are down last I recall. But whatever.
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Debt is never down in this economic policy. And the percentage of wealth regular people have paid down is nothing compared to how much wealth the wealthy have.
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Of course the wealthy have wealth, its right there in the name!
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This is fine *meme*
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What does this have to do with AMC?
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Who gives a fck when we are ALL IN AMC MUDAFKER
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#NO SHILLING
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"Subprime is contained" (2007)
"QE and low interest rates are temporary" (2009)
"Inflation is transitory" (2021)
“This time it’s different” (Everytime)
Gotta keep that panic down somehow
5 outliers categories make up 2/3 of the increase (used vehicles, software, car rental, air transport and health output, notice a common theme?). Consumer income dropped because of the drop out from government transfers.
No need to spread panic about things you don't understand.
I mean just because that’s what’s covered in the report, doesn’t mean that’s all that’s happening in the world. The CPI is cranked to the max too.
We printed a ton more money than China did, that’s for damn sure.
You check lumber prices recently? Or copper? Both doubled or tripled in the past 3 years. Not like the common man uses wood and copper in anything.
Most of it was QE, so an exchange of liabilities for the Fed. How does this directly feed through to inflation? Or did you think the Treasury printed literal notes and gave them to people to spend?
You're conflating what should be a temporary spike in prices with sustained increases in the price level. No one denies spikes in certain items have spiked recently, but they are the result of supply bottlenecks since inventories were run down last year (what could possibly be the reason for that hmm?). Lumber futures are already going down https://www.nasdaq.com/market-activity/commodities/lbs , which is what happens when you have lots of unprocessed timber being processed at a faster rate due to the spike in lumber prices.
I don't doubt there's a possibility of a sustained inflation overshoot, but the nature of higher recent inflation prints is already documented extensively that it's just disheartening to see people scream hyperinflation with prints still affected by last year's 0% for April through June.
Lumber is already going down
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