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2021 - Is inflation finally back in the conversation?

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  • Bateshorn
    Bateshorn

    The only thing more predictable than the GOP running up huge deficits on tax cuts and military spending, is each one suddenly becoming horrified by deficit spending 5 mins after a Democrat is sworn in

  • PilotsError
    PilotsError

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is it just me or is it a bit insulting at this point for some of these questions that keep getting asked. It seems like there's some type of entitlement from the press pool to not do their fucking jobs and ask questions that are not offensive and focused on the actual work the Fed does. 

I think Powell did a great job staying focused and his guidance was deliberate and narrow so that people don't over react. There wasn't much to read into from his remarks today and he expanded on them very well. 

People report on the Fed like high school kids gossip about parties they weren't invited to 

Edited by StassneyHorn

  • 2 weeks later...

The usual suspects stopped caring. This is now an egg price thread.

Edited by StassneyHorn

54 minutes ago, TxTower said:

So how were the inflation reports this week?

Given the midmonth reload of EBT cards, surly economists are conducting field research as we speak.

1 hour ago, TxTower said:

So how were the inflation reports this week?

My sugarbaby is asking for more $$$, so there's a data point.

2 hours ago, TxTower said:

So how were the inflation reports this week?

Good.

On the other hand, WalMart is signaling tariff-related price hikes, so that's a concern if legit.

The usual suspects stopped caring. This is now an egg price thread.

What about your Cereal prices at Walgreens? Are you able to survive the crushing inflation?

IMG_4582.thumb.png.67203497eac01fd06071ad249a5fac31.png

this, plus Trump saying he may not decide for another three or four weeks how the tariffs will  work for most countries should bring an interesting start of the week next week.

2 hours ago, TxTower said:


What about your Cereal prices at Walgreens? Are you able to survive the crushing inflation?

I said cereal prices were cheap, except the ones that weren’t. Are you a faggot?

Seriously, inflation is an excuse for weak minded people with no impulse control and proclivity for gay sex.

Seriously, inflation is an excuse for weak minded people with no impulse control and proclivity for gay sex.

Good for you. The first step to recovery is being self aware. Seriously.

Blah blah blah I spent $10 extra on groceries I never buy the same amount of

-she shouts into outer space

2 hours ago, StassneyHorn said:

I said cereal prices were cheap, except the ones that weren’t. Are you a faggot?

1970 called. it approves of your homophobia.

22 minutes ago, TxTower said:

Maybe quit shopping for groceries at Walgreens?

Nope cheaper there for what I need. Plenty of grocery stores I can walk to bitch

4 minutes ago, Gatorubet said:

1970 called. it approves of your homophobia.

I approve of the 70s

Jesus. I’m so sorry. Had no idea you were this stupid. Maybe stick to CR with like minded people?

Net Interest Costs Over the Past Decade

 

Prepare for widespread reduction in living standards, absent an AI miracle. That said, I expect low inflation readings for the near term. Just like under ZIRP, when the economy can't grow it's really hard to have inflation. 30 year will break 5% but QE there will be a fiscal crisis and QE will bring rates back down to ZIRP, or else government goes bankrupt in the near term. 

HAY isn't this kind of thing SOCIALISM(!!!!)?

m16d36dcuc1f1.jpeg

I thought it was unamerican and COMMUNIST to say a company should take a smaller profit? At least that's what happens every time it's suggested on this board

  • 2 weeks later...
4 hours ago, UTPhil2006 said:

Inflation down.

Thats what happens when the savings rate rises and spending cools down. 

18 minutes ago, Bozo_Casanova said:

Thats what happens when the savings rate rises and spending cools down. 

Am alllowed list your house no questions asked? Gonna 100k  above 

9 hours ago, UTPhil2006 said:

Am alllowed list your house no questions asked? Gonna 100k  above 

Try understand can't 

On 5/30/2025 at 4:45 PM, UTPhil2006 said:

Inflation down. 
 

Story is rates won't change. Fuck me right?

Rate down go. know not yet. printer go brrrrrrrrr. No stop train.

Edited by Thetexashammer

We will not have any inflation, and the big beautiful bill does not add to deficits. Also companies take tariff taxes out of profits and therefore consumers will not pay a dime extra!  That is all... 😉

Wow... I have never channeled my inner Mike Johnson before.... Sort of fun to say a lot of shit you know isn't true!

 

On 6/1/2025 at 9:07 AM, Bozo_Casanova said:

Lynn Alden is very smart

Your post got me digging into my old boss' blog (he runs a $1b+ in loan production mortgage bank in CA) to see if he mentions her because he's, at a minimum, sympathetic to the macro argument behind crypto. 

In January 2023 he wrote about her favoring bank stocks.  I didn't take a look that far back, but just out of curiosity I looked at Chase last 12 months (up 31%), WF (up 26%).  Citi is up 22%.  B of A is a bit of a laggard and is up 4%.  S&P is up 12.35% as a benchmark. 

I'm cherry picking the big ones, but I'm also a little dumb-founded that a bank like Chase should be valued so much more today than last June. 

35 minutes ago, tbone_ said:

What is Lynn Alden’s story?

She hates a second "n" in Lynn?

 

Edited by horn4life

So I did not know who Lyn Alden was, but got into an interesting bitcoin conversation yesterday.  The scarcity aspect I can buy into.  And the fact that so many people are spending big bucks to mine it, shows a investment in bitcoin future.  But my question is: Is bitcoin truly decoupled from the dollar?

Does a stock market/economic crash send bitcoin in the opposite direction than the markets?  

I can't argue with the math of something increasing in price, especially in the last 6 months.  The argument of the similarity to gold I understand, but my big question is the youthful ownership (generally) could make is just as susceptible to steeps selloffs alongside US stocks. Simply as young folks are always in riskier assets, and also have the least deep pockets, so the downsides can be steep.  

I see the upsides, I just want to be convinced more about decoupling.  

 

 

 

10 minutes ago, horn4life said:

The argument of the similarity to gold I understand, but my big question is the youthful ownership (generally) could make is just as susceptible to steeps selloffs alongside US stocks

Scott Galloway says Bitcoin investment is a bit of a “fuck you” from Gen Z to the previous generations homeowners, 401-k investors, Vanguard account holders, etc.  He describes it as an act of rebellion against the wealth hoarders.
 

If that’s true, I’m not sure why they’d be any more likely to sell than any other market participant.

That all works until someone/ai hacks the block chain right?

10 hours ago, LCHorn said:

Scott Galloway says Bitcoin investment is a bit of a “fuck you” from Gen Z to the previous generations homeowners, 401-k investors, Vanguard account holders, etc.  He describes it as an act of rebellion against the wealth hoarders.
 

If that’s true, I’m not sure why they’d be any more likely to sell than any other market participant.

My point is that folks with less liquidity have less means to ride out volatility when it spirals downward.  I am just very uncertain that bitcoin truly insulates against it moving along with the markets downward if things go really bad?  I just do not think it is a as decoupled as some assert. I have watched it decouple to some degree for certain.  And the uncertainty of US fiscal policy in combination with the potential of the US government embracing of bitcoin.

it seems to me that the possibility of the US embracing bitcoin is as much responible for the rise as any other factor.  Or am I misreading this timeframe?  As I have not been closely following at all.

It's just funny, because you can't buy food, shelter, diapers, formula or medicine with BTC. We've beaten this dead horse over and over, and simply saying another protocol that is unused for commerce doesn't fix that either 

Great, and why is putting a 30+ minute transaction confirmation timer into a tablet a panacea for any of the previously covered problems with actually conducting commerce with this so-called currency?

And yeah no shit finance goons are figuring out ways to financialize the BTC and to do what, pray tell? Oh yeah, secure ACTUALLY USEFUL currency against it as loan collateral. None of it is actually useful - or to your rhetoric - freeing. It's just putting your financial life into the hands of profit extractors that definitionally do not have your best interests at heart

53 minutes ago, Luka said:

It will use the lightning network on top of bitcoin.

 

  Reveal hidden contents

May 27 2025, LAS VEGAS – Block, Inc. (NYSE: XYZ) today announced it will launch bitcoin payments on Square, marking a significant milestone in making bitcoin more accessible and usable. Bitcoin payments on Square will be showcased at Bitcoin 2025 in Las Vegas from May 27-29, where attendees can experience this new feature firsthand at the BTC Inc. merchandise store. By leveraging the Lightning Network, the Square Point of Sale app enables merchants to accept bitcoin payments directly through their Square hardware for near-instantaneous, low-cost transactions. The roll out is anticipated to begin in the second half of 2025 and is expected to reach all eligible Square sellers in 2026, subject to applicable regulatory approvals.

Square’s new, native Bitcoin For Businesses offering will build upon its Bitcoin Conversions feature launched in 2024, which allows qualified merchants to automatically convert a portion of their daily sales into bitcoin. Together, these bitcoin offerings will create a seamless experience for both merchants and customers, helping bitcoin to fulfill its original vision as a true peer-to-peer payment system, as outlined in the bitcoin whitepaper.

“Block has long been a champion of bitcoin, focused on making it more accessible and usable in our everyday lives," said Miles Suter, Bitcoin Product Lead at Block. “Rolling out a native bitcoin experience to millions of sellers brings us one step closer to that goal. When a coffee shop or retail store can accept bitcoin through Square, small businesses get paid faster, and get to keep more of their revenue. This is about economic empowerment for merchants who like to have options when it comes to accepting payments.”

For customers, paying with bitcoin is as simple as scanning a QR code at checkout. The Lightning Network enables near-instant settlement, while Square's integration handles all the complexity behind the scenes, including real-time exchange rate calculations and confirmation notifications.

“We believe in an open, decentralized, fair, fast, and low-cost money system for everyone, and that’s exactly what we want to bring to Square sellers,” added Suter.

Bitcoin payments on Square will be the latest addition to Block’s growing bitcoin ecosystem, which includes Cash App’s bitcoin buy, sell, and transfer capabilities; Bitkey, a self-custody bitcoin wallet; Proto, a suite of bitcoin mining products and services; and Spiral, which builds and funds open-source projects that advance the use of bitcoin as a tool for economic empowerment.

Block is also advancing global access to bitcoin through Bitkey, a self-custody bitcoin wallet launched in March 2024. Starting in May, Bitkey will roll out new privacy and security features to further strengthen user control and protection. Designed to eliminate the complexity of traditional seed phrases, Bitkey uses a built-in, multi-signature security and recovery system that offers users full control and simple recovery options. It's the only hardware wallet that provides inheritance as a recovery feature to all users, helping people ensure that if they are unable to move their funds their beneficiaries are able to initiate a recovery process. Bitkey was built to make self-custody intuitive, secure, and accessible for people around the world.

In addition, Block is building Proto, bitcoin mining products and services that aim to decentralize mining by increasing access to tools for builders, regardless of size or location.

 

hooray, they've created paypal with extra steps and somehow even less guardrails! It's specifically breaking the trustless model of BTC to require trust in a 3rd party and the sidechain you set up with them to enable lightning network payments. And it requires up-front funding of any escrow lightning side-chains you set up, which is a considerable barrier to onboarding.

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