CPI is a measure of what things cost. It doesn’t map to the secret stats shit you posted. Mainly because we know what things used to cost and their price appreciation doesn’t match. But also for all the obvious and simple reasons I’ve already stated. Like, you can claim inflation has been 10% for decades, but at the end of the day we know what stuff cost 2 decades ago. So we just skinned the cat one more way. Try harder next time.
Why do you bother? You’re right. He’s wrong. He’s just stringing you along at this point because he’s lonely and this is the most human contact he’s had in two months.
Of course we have an idea of what things cost 2 decades ago. You're ignoring the flipside of that coin in that we've been using QE to make price increases seem invisible. It's not a linear equation.
Someone is charging you for bogus data. You can work back in time using the shadow stats charted inflation rates from current cost of goods and the further you go back the more it diverges from actual known prices in history. Another easy way to see how ludicrous it is. There is no “flip side”. I’ll spare your dignity from here on out if you just accept the L and act like you didn’t post that dumb tweet.
So increasing the money supply by 37.5 times in 20 years is nothing. Gotcha sparky.
I thought we were talking about paying $175 a year for someone to tell us about 10% inflation for the past 20 years despite actual prices indicating much much lower. Because history has happened already. Oddly during the period of runaway hyperinflation the “economist” with a BS Econ hasn’t raised his prices. I guess when your methodology is simply to add 5% to whatever the government releases you don’t have much overhead. 😂
Typical leftist deflection. Attack the messenger, obfuscate the message as best possible, then act as though you've won some great victory.
I ain't reading all the bullshit in here, but I will say that Crazyhole and I have been predicting shitstain levels of inflation for years. If anything, it took longer than we though, and will likely be worse after the Covid money dump.
Please relocate and continue in the Parking Lot - this is interfering with the calculation of growth rate argument 😂
It sure looks like the 2nd and 3rd relief packages were the final tipping point. Inflation has always been here, its just been hidden but those days are over.
You mean based on that $175 chart where the guy simply adds exactly 6% to whatever the released CPI is?
Well the Retired small business owner is looking pretty smart now calling a BEAR, has been around long enough to see reality.
We bottomed at 3800 and went to 4180. I thought we could go a tad higher. End goal was always 3500 though. A month ago we were at 3930 and I said we would see 3500 but could see 4400 first. We then spiked up 250 points but didn’t have enough push to hit 4400. That was a ceiling.
You initially called 41 to 42 then lowered it after talking of partial buy in at 42+ Then after it broke below 4k changed again to 35 after first calling the bottom of 40. You change daily to cover the bad calls and continue to look like you know what the heck you are talking about. They way you play your calls you can't ever be wrong. You didn't expect bear markets because normal people could see the writing on the wall and you wanted to be a contrarian. The only thing you may get right is it hitting 35.
Right. I don’t change daily, but I change when a significant support is lost or we break out of a significant resistance. The market is bound by support and resistance. I’m merely posting those levels. We broke support which triggered the sell into the next support level and a 250 point bounce there. It happens. EW pattern has been predicting a ~3500 bottom for a while. But the wave pattern indicated the spike up that we saw last week as a precursor. I thought it may go higher but as the support and resistance levels are based on moving averages, the timing of the actual move plays a factor as well.
edition.cnn.com
www.bbc.com
now 3724, sure was a good value. only down 7% since then.
SPX was nearing 4200 a week ago. So yeah if you bought in the 4000-4100 range you made some money. But obviously if SPX is destined for 3500 then that isn’t an indication to buy and hold long term. Even a pool cleaner should understand that.
Remember. The rest of the people in this forum have sex with women. You on the other hand jerk-off 100% of the time because you’re a celibate, racist, ugly, unemployed loser. UCFBS doesn’t get any, because he’s a 400 lbs pig. Just keep reading the above and maybe you’ll get it
