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Old 29.08.2020, 14:36
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Monetary policy: Is hyper-inflation on the way?

So J-Pow has gone bananas and now the Fed has moved the goal posts, so to speak, with regards to inflation where the arbitrary 2% target set by central bankers *cough* wankers around the world will now be more of a long term average instead of a hard line.

Nearly 12 years since the start of the financial crisis and these unelected manipulators are still continuing with this crazy Ponzi scheme of a policy!

When will they learn that it doesnt work?!

When will the people wake up and realise the central bankers are destroying their savings and pensions?!

This will not end very well at all!
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Old 29.08.2020, 15:34
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Re: Monetary policy: Is hyper-inflation on the way?

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So J-Pow has gone bananas and now the Fed has moved the goal posts, so to speak, with regards to inflation where the arbitrary 2% target set by central bankers *cough* wankers around the world will now be more of a long term average instead of a hard line.

Nearly 12 years since the start of the financial crisis and these unelected manipulators are still continuing with this crazy Ponzi scheme of a policy!

When will they learn that it doesnt work?!

When will the people wake up and realise the central bankers are destroying their savings and pensions?!

This will not end very well at all!
When people realize that Karl Marx was correct all along and that "the" capital will eat itīs children.
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Old 29.08.2020, 17:27
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Re: Monetary policy: Is hyper-inflation on the way?

japan has been trying to stoke inflation unsuccessfully for a while. i think we'll see the same thing happen with the US. while everybody worries about inflation, we'll probably see the US fall into the same deflationary trap.
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Old 29.08.2020, 18:55
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Re: Monetary policy: Is hyper-inflation on the way?

With the US Budget Deficit expected to reach 3.8 Trillion in 2021 every small increase in interest rates is going to be disastrous.

Whatever happened to the Republicans deficit hawks?

It’s going to take yet another Democratic administration to bailout the US.
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Old 29.08.2020, 21:14
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Re: Monetary policy: Is hyper-inflation on the way?

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japan has been trying to stoke inflation unsuccessfully for a while. i think we'll see the same thing happen with the US. while everybody worries about inflation, we'll probably see the US fall into the same deflationary trap.
I hope you’re right!

Let the asset inflation go to the moon for all I care it will eventually have a reality check... probably not in our life time!
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Old 29.08.2020, 21:15
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Re: Monetary policy: Is hyper-inflation on the way?

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With the US Budget Deficit expected to reach 3.8 Trillion in 2021 every small increase in interest rates is going to be disastrous.

Whatever happened to the Republicans deficit hawks?

It’s going to take yet another Democratic administration to bailout the US.
Well, first of all I doubt that the next administration will be Democratic - and then, even if I'm wrong, I doubt they'll do anything but kick the can down the road.

IMO, the hole is now truly too deep for anybody to get out.

https://usdebtclock.org
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Old 29.08.2020, 21:23
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Re: Monetary policy: Is hyper-inflation on the way?

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japan has been trying to stoke inflation unsuccessfully for a while. i think we'll see the same thing happen with the US. while everybody worries about inflation, we'll probably see the US fall into the same deflationary trap.

Yeah, but that was when Japan was the only one doing it.

What happens when everybody does it?

Answer is: nobody knows. Politicians certainly don't. Neither do central bankers.
They just wing it.
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Old 13.04.2021, 17:31
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Re: Monetary policy: Is hyper-inflation on the way?

Reviving this tread and thought perhaps to narrow down the scope of discussion as a starter:

If hyper-inflation is indeed coming, how it will affect the Swiss property market, Swiss currency and the Swiss job market?
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Old 13.04.2021, 17:51
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Re: Monetary policy: Is hyper-inflation on the way?

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Reviving this tread and thought perhaps to narrow down the scope of discussion as a starter:

If hyper-inflation is indeed coming, how it will affect the Swiss property market, Swiss currency and the Swiss job market?
first define what you mean by hyperinflation.
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Old 13.04.2021, 18:06
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Re: Monetary policy: Is hyper-inflation on the way?

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Reviving this tread and thought perhaps to narrow down the scope of discussion as a starter:

If hyper-inflation is indeed coming, how it will affect the Swiss property market, Swiss currency and the Swiss job market?
It depends...
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Old 13.04.2021, 18:18
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Re: Monetary policy: Is hyper-inflation on the way?

Money.... well thatīs one thing I donīt have to worry about, donīt have any.
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Old 13.04.2021, 19:04
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Re: Monetary policy: Is hyper-inflation on the way?

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first define what you mean by hyperinflation.
And for that matter "coming", since we're now seven months later and inflation is still within the low-to-normal range.
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Old 13.04.2021, 19:19
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Re: Monetary policy: Is hyper-inflation on the way?

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And for that matter "coming", since we're now seven months later and inflation is still within the low-to-normal range.
Well that depends what you mean with inflation.
In the original definition: inflation of the money supply it was 25-30% last year in the US.
If you're talking CPI increase then yes it's w/e the central banks want you to think it is. That's not real inflation though (no matter how much the lie has been told in the last 70 years).
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Old 13.04.2021, 19:36
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Re: Monetary policy: Is hyper-inflation on the way?

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Well that depends what you mean with inflation.
In the original definition: inflation of the money supply it was 25-30% last year in the US.
If you're talking CPI increase then yes it's w/e the central banks want you to think it is. That's not real inflation though (no matter how much the lie has been told in the last 70 years).
Original definition from where? In normal financial usage it is clearly understood to mean price increases.

And hyper-inflation even more so, since it's the negative impact of crazy price increases / monetary devaluation on normal life that makes it relevant.
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Old 13.04.2021, 19:36
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Re: Monetary policy: Is hyper-inflation on the way?

"Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month."

No , it isn't.

Requires "out-of-control general price increases" and all we do is done in very controllable way
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Old 13.04.2021, 21:20
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Re: Monetary policy: Is hyper-inflation on the way?

First thing that comes to my mind when one mentions hyperinflation is money losing value rapidly and a lot, e.g. value halving each week. History has its examples.

Markets gained on value a lot in the last year and I cannot see why stock should be valued significantly more now than at the end of 2019. Or why are real estate prices up so much?

Current figures easily indicate at least a halving of the value of USD for example imo (or a terrible bubble with unpredictable consequences). Maybe not a hyperinflation but is a very significant inflation.
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Old 13.04.2021, 23:51
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Re: Monetary policy: Is hyper-inflation on the way?

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Original definition from where? In normal financial usage it is clearly understood to mean price increases.

And hyper-inflation even more so, since it's the negative impact of crazy price increases / monetary devaluation on normal life that makes it relevant.
Original as in classical economics (pre Keynes).
Before the word became a political tool.

Just look at the word inflation and you must understand it means inflation of supply not increase of he CPI index (which is a longer term consequence of inflation).
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Old 14.04.2021, 08:55
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Re: Monetary policy: Is hyper-inflation on the way?

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Original as in classical economics (pre Keynes).
Before the word became a political tool.

Just look at the word inflation and you must understand it means inflation of supply not increase of he CPI index (which is a longer term consequence of inflation).
Why "must" I agree with your interpretation? Particularly when pretty much every economic publication and economist thinks otherwise?

Of course words change in meaning over time.

If you want the really original definition of money inflation, it probably meant a good year for shellfish, but that is about as helpful knowing how much money there is (vs how much my money can buy, which is clearly useful to most people).
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Old 14.04.2021, 09:11
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Re: Monetary policy: Is hyper-inflation on the way?

Judging by the amount of folks adopting cryptocurrencies nowadays, one can say that inflation is here. Sure, there’s is also element of grid, get rich fast and speculative attitude in it but words “to protect oneself from growing inflation” spread very often in the community as well.
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Old 14.04.2021, 12:18
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Re: Monetary policy: Is hyper-inflation on the way?

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Why "must" I agree with your interpretation? Particularly when pretty much every economic publication and economist thinks otherwise?

Of course words change in meaning over time.

If you want the really original definition of money inflation, it probably meant a good year for shellfish, but that is about as helpful knowing how much money there is (vs how much my money can buy, which is clearly useful to most people).
Must as in, look at the word: inflate. In your definition nothing is getting inflated is there?

It didn't get changed with time. It got changed to manipulate by state entities.

You example is correct short of the fact that I don't think shell fish were used as a near universal money anywhere (?). If you would have written seashells (or silver, gold or w/e has served the purpose of money) I would have agreed that's indeed a far more helpful figure than CPI index growth.

CPI is a resultant and a highly manipulatable one at that. For one: the basket of goods keeps changing (it must) which leaves it open for telling any story you want to tell. Same goes for job market data. These types of statistics are as reliable as the entity reporting it and even then its highly sensitive to this entities biases.
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