INFLATION IS OUR FRIEND

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eyephone said:
Again its a Russian Europe thing.
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..also its a worldwide stupidity thing...Led by President Snore and his Global Warming cadre...all self inflicted wounds...

The Worldwide Energy Crunch is a Dire Warning for the United States

Both Europe and communist China are experiencing energy crises at the moment. Although the causes of their energy crunches are different, their experiences offer a dire warning for the United States.

The main culprit of Europe's energy supply shortage is the European Union's unrealistic climate policy. The Paris Agreement sets a goal of limiting global warming to 1.5 degrees Celsius. To meet this goal, Britain and the EU vowed to cut back carbon emissions drastically and become carbon neutral by 2050. Britain and the EU have subsidized renewable energy such as solar and wind while closing hundreds of coal plants. Britain has only two coal plants remaining. Greece plans to shut down coal-fired power plants by 2025, and Finland said it would outright ban coal use by 2030. Germany is on its way to closing all 84 of its coal-fired plants by 2038.

While aggressively closing coal plants, a number of European countries have also banned fracking and some refuse to invest in nuclear energy. These policies have put Britain and the EU at the mercy of renewable energy and natural gas (mostly imported from Russia).

https://www.newsweek.com/worldwide-energy-crunch-dire-warning-united-states-opinion-1634758
 
eyephone said:
Nope the Afghanistan Prime Minister flew out of the country. Probably the Afghanistan Army said f it? The Afghan army did not fight back. The people of hong kong fought back with umbrellas and protested like no other. (Probably the best we have seen in our lifetime)
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So you are saying if he stayed all would have been well?  You and Chauncy's generals must read the same press briefings...about Whadia

Defense officials testify they were surprised by Taliban?s swift takeover of Afghanistan

However, though the Pentagon ?absolutely missed the rapid 11-day collapse of the Afghan military and the collapse of their government,? senior officials knew Kabul would eventually fall to the Taliban, said Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff.

https://www.stripes.com/theaters/us/2021-09-28/pentagon-chief-defends-execution-of-final-airlift-from-kabul-3051801.html
https://youtu.be/sozuB6MX8a8
 
Its no shocking surprise, if the leader of your country flees such as the Afghanistan PM. Then I guess they did not want to fight. Nothing shocking. The civilians did not fight back. I think I saw on the news, some welcome the new government.
Really weird!
 
eyephone said:
I guess you have to ask the PM of Afghanistan why he flew to the UAE according to public news reports.
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No deed to ask him.  Anyone could see he that knew he could not count on any US help from an unreliable, uncaring, chaotic, precipitous, and dangerous pullout.  He would be dead today if he stayed.
 
So your telling me the Hk people has a top secret weapon to fight back that the Aghan Army or people did not know about?
 
The answer is no. The HK people didnt have sh#7. (no weapons) But they had the will and the way to fight back for months.

*I think they organized for change and fought like there was no tomorrow. I think that is what we all saw.

 
Weak...not really, they were strong enough to wait us out till we showed our weakness.  Why do you keep talking about HK?....deflection?  diversion?...evasion?  very odd. Back on topic...What ever happened to the "Transient"  and "Temporary" rhetoric?  That was a lie that was obvious from the start...

Inflation is Here to Stay

Last week, Federal Reserve chair Jerome Powell changed his tune about inflation, saying that inflation will run a bit higher and last a bit longer than he expected. Get used to hearing this, because he'll probably have to repeat it over and over during the next few years.
It's not that the Fed doesn't understand what is causing inflation to rise. It sees the basic problem as a surge in demand that the supply side isn't equipped to handle, and that is correct. But the Fed has seriously underestimated the scope of this problem, which goes well beyond the snarled traffic in our ports and the shortage of computer chips. Almost no part of the supply side of the American economy is equipped to respond to the unprecedented rebound in demand, and this will lead to much higher inflation for at least a few years.

The federal stimulus was so large, and so much of it was saved (over $1.5 trillion), that demand could be elevated for years. And that doesn't include the trillions of dollars of infrastructure proposals under consideration. With this much extra demand and very limited capacity to expand supply quickly, there's really no place for prices to go but up. The longer it takes supply to catch up to demand?and for the Fed to catch up with reality?the more inflation we're in for.

https://www.msn.com/en-us/money/markets/inflation-is-here-to-stay-opinion/ar-AAPekku
 
Haha I won the argument! Fist in the air!
They didnt even thank us. (Trump voice)

Someone send them a $6 trillion invoice!

(Entertainment purpose only) ;)
 
Because HK people fought back with nothing and the Afghan PM and Army had guns and they ran away. The rumor is some may have flipped over to the dark side. (Rumor idk)

* post for entertainment only

morekaos said:
Weak...not really, they were strong enough to wait us out till we showed our weakness.  Why do you keep talking about HK?....deflection?  diversion?...evasion?  very odd. Back on topic...What ever happened to the "Transient"  and "Temporary" rhetoric?  That was a lie that was obvious from the start...

Inflation is Here to Stay

Last week, Federal Reserve chair Jerome Powell changed his tune about inflation, saying that inflation will run a bit higher and last a bit longer than he expected. Get used to hearing this, because he'll probably have to repeat it over and over during the next few years.
It's not that the Fed doesn't understand what is causing inflation to rise. It sees the basic problem as a surge in demand that the supply side isn't equipped to handle, and that is correct. But the Fed has seriously underestimated the scope of this problem, which goes well beyond the snarled traffic in our ports and the shortage of computer chips. Almost no part of the supply side of the American economy is equipped to respond to the unprecedented rebound in demand, and this will lead to much higher inflation for at least a few years.

The federal stimulus was so large, and so much of it was saved (over $1.5 trillion), that demand could be elevated for years. And that doesn't include the trillions of dollars of infrastructure proposals under consideration. With this much extra demand and very limited capacity to expand supply quickly, there's really no place for prices to go but up. The longer it takes supply to catch up to demand?and for the Fed to catch up with reality?the more inflation we're in for.

https://www.msn.com/en-us/money/markets/inflation-is-here-to-stay-opinion/ar-AAPekku
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We're #1!!!..We're #1!!!

Global food prices hit their highest level in a DECADE, with US seeing prices of meat, poultry, fish and eggs rocketing by 15.7% in two years as experts warn soaring energy costs could drive them even higher
The United Nation's Food and Agriculture Organization food price index reached a 10-year high last month, reflecting skyrocketing worldwide food prices
Globally, the price of vegetable oil increased by 60percent during the past year
US shoppers are also experiencing sticker shock, with the price of bacon up 17percent, and beef costing meat-eating consumers an extra 12.2percent
Experts are attributing the rising costs on rising energy costs and other factors

https://www.dailymail.co.uk/news/article-10080721/Global-food-prices-hit-highest-level-DECADE-experts-warn-worse.html
https://youtu.be/9cQgQIMlwWw
 
eyephone said:
The Afghan PM ran away and he said he will come back. lol
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How come fox news did not cover the Afghan PM fleeing or members of the Afghanistan army joining the Taliban? Also, how come they didnt cover the army leaving their post?
Maybe they did, but this should of been the headline: 300k Afghan army and leader ran away (now that is a headline and will get many views by everyone shaking their heads)

(Entertainment purposes only)
 
..and even if you can afford to buy it...they wont have it anyway...just like the good old USSR. (for those of you too young...the  Union of Soviet Socialist Republics)...Can't wait to get there...I hear its a Utopia.. ;D ;D >:D

America's bare shelves: Walmart and Costco limit toilet paper sales while toy companies warn parents their kids' Christmas gifts won't arrive in time thanks to backlog at ports, rail yards and on the roads
Supply chain problems that have been tormenting retailers for months are showing up in America's stores
Around the country, there are shortages of goods on shelves in Target, Costco, Home Depot and Sears
The issues aren't specific to any one type of good and are down to problems with shipping and distribution
Cargo ships off can't get into overworked ports to drop off goods and are hovering off the coast
There is a global shortage in truck drivers which is stalling distribution of goods and railroads are also jammed
The cost of shipping a single container from China to LA reached $20,000 last month - four times what it cost last October
There are fears that some of the backed-up ships at the port in L.A. will not be emptied before Black Friday - the biggest retail day of the year and the start of the Christmas shopping season
Some retailers are telling people to buy Christmas gifts now to ensure they arrive on time
There is no immediate end in sight: Biden has launched a White House supply chain task force but businesses fear the problems will stretch on for months yet
Federal Reserve Chairman Jerome Powell predicts the issues will last until next year - which will prolong inflation

https://www.dailymail.co.uk/news/article-10079935/The-shortage-Shelves-bare-delays-deliveries-pharmacies-without-medication.html
 
MK - If you didn't catch Jim Grant on Consuelo Mack's PBS show last week you should look it up. As usual his takes are incisive and incredulous at where we are on the 50th anniversary of Bretton Woods and 40th anniversary of peak US interest rates.
 
James Grant is the Nourial Roubini of the Fed balance sheet....Really Scary stuff if what he says comes true.
 
Roubini was my guy back in 2006/7 - I learned SO much from his old rgemonitor blog. I moved everything into Treasuries and sidestepped the 2008 equity hit. Everything he predicted would have come true if the Fed's appetite for moral hazard was greater than anyone could have foreseen.

Funny story on the interest rate peak: My dad used to kite $90K checks between a few S&Ls back in that timeframe when it would take 4 days to settle - made a few hundred $ extra/month doing that. One Saturday morning one of his S&Ls was shown on the news as having been taken over by the FSLIC (San Marino S&L). His very dark face went pale and he raced over as his last check out from that bank was >than the $100K insured limit, and it ended up having cleared that Friday.
 
OCtoSV said:
Roubini was my guy back in 2006/7 - I learned SO much from his old rgemonitor blog. I moved everything into Treasuries and sidestepped the 2008 equity hit. Everything he predicted would have come true if the Fed's appetite for moral hazard was greater than anyone could have foreseen.

Funny story on the interest rate peak: My dad used to kite $90K checks between a few S&Ls back in that timeframe when it would take 4 days to settle - made a few hundred $ extra/month doing that. One Saturday morning one of his S&Ls was shown on the news as having been taken over by the FSLIC (San Marino S&L). His very dark face went pale and he raced over as his last check out from that bank was >than the $100K insured limit, and it ended up having cleared that Friday.
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OMG i so remember people doing that...they'd run $100Gs from one bank to the other every few days.  Didn't last long but I love America...if there is way to game the system, someone will find it until the hole gets plugged.  Why I never liked unemployment and EBT...some truly deserve the help but most are just ripping off the system (us). ;D ;D >:D
 
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