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Stagflation 2011

Discussion in 'Economics and Financials' started by padre31, Feb 27, 2011.

  1. padre31

    padre31 Premium Member Luxury Box

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    http://www.lewrockwell.com/rep2/stagflation-2011.html

    Well, isn't that nice?

    And keep in mind, Fuel price inflation coupled with Fuel price inflation will literally remake the Carter Era, double digit unemployment, double digit inflation (de facto) after the Carter Era several items were taken off of the list to be monitored for inflationary pressures, you know, food and fuel the stuff we all use.
     
  2. Dol-Fan Dupree

    Dol-Fan Dupree Tank? Who is Tank? I am Guy Incognito.

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    I was hoping this would be about strip clubs and drinking too much.
     
  3. padre31

    padre31 Premium Member Luxury Box

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    I am learning how to home brew and have a couple of internet pron sites picked out..that is all that I can afford.
     
  4. jason8er

    jason8er Luxury Box Luxury Box

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    What are you trying to do....get Pads to fall off the wagon? :lol:


    Oh ****, too late!

    Actually congrats on that. I've been a homebrewer for about 18 years now. Awesome hobby, but isn't cheap. Especially now that plans to open a brewery by the fall look like a go. :up:
     
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  5. padre31

    padre31 Premium Member Luxury Box

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    Congrats on opening the brewery!

    And home brewing need not be expensive, Hard Cider is actually quite inexpensive to make...:shifty:

    Real problem is matching a container to the vapor lock as brewing specific ones are not cheap.

    Eh, on the wagon anyway.
     
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  6. jason8er

    jason8er Luxury Box Luxury Box

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    Thanks bro!

    Yes, homebrewing can be as cheap, or as expensive as you want to make it. However, we're men, and we tend to like our "toys". That's all I'm gonna say. :lol:

    Oh, and I may see you this fall when I make my annual pilgramage up there to get unpasturized cider! May have to bring a truck this time.
     
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  7. padre31

    padre31 Premium Member Luxury Box

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    Hard to find the unpasteurized Cider at the local Ingles, even worse the stuff they do have has addititives in it.

    For me, Stagflation does not mean what it does for other people, but man o man, a family of 4 is going to get hammered, heaven forbid one or both parents be out of work as this will be a rough rough patch.
     
  8. jason8er

    jason8er Luxury Box Luxury Box

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    What do you think of the rush to by precious metals?
     
  9. Stringer Bell

    Stringer Bell Post Hard, Post Often Club Member

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    Rising oil prices are not going to cause inflation
     
  10. Dol-Fan Dupree

    Dol-Fan Dupree Tank? Who is Tank? I am Guy Incognito.

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    I have heard that inflation is bad and deflation is bad. I have come to the conclusion everything is bad.
     
  11. padre31

    padre31 Premium Member Luxury Box

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    Depends, as I'm not sure if it is the Employed fleeing to the perceived safety of metals, or overseas demand in places like China and India is driving up prices.
     
  12. padre31

    padre31 Premium Member Luxury Box

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    Heh, if you say so at the very least rising oil prices means less disposible income and slower economic activity.

    Nice how the Govt does not include Fuel prices in core inflation metrics, which makes .Gov stats useless.
     
  13. Stringer Bell

    Stringer Bell Post Hard, Post Often Club Member

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    At certain levels, they are both bad. Which is why the Fed has their targets where they are currently.
     
  14. Stringer Bell

    Stringer Bell Post Hard, Post Often Club Member

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    Inflation cannot happen unless unemployment drops. You can't have inflation with 9% unemployment.

    You could say that rising oil prices will lead to less disposable income, or you could say say rising oil prices will lead to people wasting less energy.
     
  15. maynard

    maynard Who, whom?

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    this what they said until it actually happened in the 70s
     
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  16. padre31

    padre31 Premium Member Luxury Box

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    Hence "stagflation".



    Consider:

    -products made with petroleum such as fertilzers
    -we have never had such a trade imbalance as we have now, the dollar will lose value on every item that imported, which means..more inflation.

    And therein are just a few of the problems that the Political Leadership has created.
     
  17. Stringer Bell

    Stringer Bell Post Hard, Post Often Club Member

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    More inflation? We haven't even supported the argument that inflation is even occurring.
     
  18. padre31

    padre31 Premium Member Luxury Box

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    Well, believe what you will, I've grown past doing homework assignments for other people.
     
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  19. maynard

    maynard Who, whom?

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    one can look at my CPI chart i made to see the rise. CPI is nearly bunk anyways. it somehow assumes that as gas prices rise to a certain level, i will not keep buying it and instead "logically" choose to not go to work. of course such a thing is too volatile to count towards it.

    CPI says that if a plasma tv sold for for $1000 in 2010 and the same model got a couple new minor features in 2011 and sells for $1000, the price has gone down or if the 2011 TV sells for $1100, the price has stayed the same.

    any time an item spikes highly in price, it is removed from the calculation and substituted for something else or weighted lower. this happens with the rise of health care costs for example.

    or the fact that quantitative easing slowly chips away at every dollar we own, giving us lower purchasing power for every transaction
     

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