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Inflation and deflation at the same time, page-76

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dolcevita

30,155 Posts.

1783

14/11/21

13:21

Post #: 57562274
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Originally posted by NavyDiver: ↑

The "transitory" comment is of course correct. Inflation cycle, Business Cycle or even our life cycle is some what predictable

"Americans have turned decidedly gloomy about their financial outlook, and inflation is the main cause of the anxiety, according to a survey released Friday.The University of Michigan reported that its survey of consumer sentiment fell to its lowest level in a decade in early November. It attributed the decline to “the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation.”Hampered by supply chain disruptions and labor shortages in some industries, the economy has been straining under rising prices. The government this week reported the steepest inflation in 31 years, with a 6.2 percent increase in prices in October from a year earlier."

My bet is interest rates are about to pick up a LOT faster than almost all current people buying over priced real estate will cope with. 1989 all over again?

New York Times cut from Inflation is driving a sharp downturn in U.S. consumer views about the economy.ion is driving a sharp downturn in U.S. consumer views about the economy.

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Agree totally.
Everyone will say it's a black swan event, but the reality is it's not been about "if" on interest rates, but "when".
The US Fed has been making noises about interest rate rises ever since the 2008 crisis and bailouts, and it's never happened.
But they're going to be pushed soon.
Australia simply is a minnow in this game.
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