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I am too stupid to trade forex, I believe...
No, it wouldn't...that's only flexible prices.At this rate your cost of living will double in 2.88 years.
Ho-lee-fuuk-ing-shit
So if I understand it the shit that is more volatile would double in 2.88 years basically? Food, energy, clothes, etc... That makes me feel better.No, it wouldn't...that's only flexible prices.
Well, it's a 3 month annualized change rate... so if we have another 3 Ukraine invasions, that maybe, lol.So if I understand it the shit that is more volatile would double in 2.88 years basically? Food, energy, clothes, etc... That makes me feel better.
Poor Ukraine...Well, it's a 3 month annualized change rate... so if we have another 3 Ukraine invasions, that maybe, lol.
Yeah, I'm saying that even at that rate(3 more Ukraine type price shocks..."poor Ukraine")...it wouldn't be 2.88 years because that's just flexible goods(less than 30 percent of total goods measured in CPI).Poor Ukraine...
That is also why I used the "at this rate" comment.
Yeah at this rate the cpi basket will take 8 years to double..Yeah, I'm saying that even at that rate(3 more Ukraine type price shocks..."poor Ukraine")...it wouldn't be 2.88 years because that's just flexible goods(less than 30 percent of total goods measured in CPI).
As someone who was in the transitiory camp, I have no problem admitting that I was wrong (which I did ITT months back). No big deal.love that we can go back through this thread and see people saying its transitory and also a good thing! 🥳🥳🥳🥳🥳
have a Marg, take a kickboxing class and enjoy the show! 🥰
As someone who was in the transitiory camp, I have no problem admitting that I was wrong (which I did ITT months back). No big deal.
As someone who was in the transitiory camp, I have no problem admitting that I was wrong (which I did ITT months back). No big deal.
And then spike in meat prices for those that eat those tasty cattle because I'm not some STINKY VEGAN!!!!I was mostly in the transitory camp, but I always felt like there would be a lot of unevenness and ripple effects to this. I posted a graphic a few months ago that showed inflation was insane for some things (like used cars), and very little for others. It all flows down through the supply chains, but not necessarily all at once - yesterday's fertilizer price spike is today's grain price spike and tomorrow's price spike for the cattle that eat those grains.
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