Inflation in 2021

Discussion in 'Markets & Economies' started by mmm....shiney!, Mar 24, 2020.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    19,660
    Likes Received:
    2,819
    Trophy Points:
    113
    Location:
    昆士蘭
    A quick summary, the coronavirus outbreak has magnified the economic downturn, monetary and fiscal stimulus packages are expected to be much bigger than predicted prior to the impact of the virus, supply chains are broken and possibly destroyed, once the threat of the virus has passed the build up of pressure in the economy will explode.

    https://tsi-blog.com/2020/03/the-inflation-expectations-crash-and-what-it-portends/
     
    Silver260 likes this.
  2. Davros10

    Davros10 Well-Known Member Silver Stacker

    Joined:
    Aug 6, 2014
    Messages:
    513
    Likes Received:
    372
    Trophy Points:
    63
    Location:
    Canberra
    Seems a little alarmist?
     
    willrocks and 66rounds like this.
  3. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,932
    Likes Received:
    363
    Trophy Points:
    83
    Location:
    Thailand & WA
    A very big world depression will ensure. And a very big conflict ie full scale war is looming. Maybe this is the bigger picture! Because I smell a dirty trap in the making
     
    willrocks and Holdfast like this.
  4. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,504
    Likes Received:
    3,955
    Trophy Points:
    113
    Location:
    Oz
    The only way the US got past the Great Depression was WW2.
     
  5. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,932
    Likes Received:
    363
    Trophy Points:
    83
    Location:
    Thailand & WA
    Yo bro. Trump is like Nero! Let it burn. ffs
     
  6. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    19,660
    Likes Received:
    2,819
    Trophy Points:
    113
    Location:
    昆士蘭
    WW2 certainly provided the stimulus to turn economies around ie governments injected huge amounts of money into industries, and gave people jobs building things and killing other people.

    A war however nowadays is not needed to lift struggling economies because the manner in which governments finance themselves has changed. Thinking that countries need to go to war as the last resort for failing economies is kind of "archaic" thought, it's popular and probably mainstream but it's still archaic and irrelevant nowadays.

    All a government has to do is print money, lower taxes and spend on infrastructure to provide jobs for the people. It doesn't have to kill people in another in order to steal that country's resources or markets. Japan did it after WW2 by adopting a war time mentality in regards to central planning ie funding industries it deemed important to the national interest whether it was building washing machines, public transport systems or tourism facilities.

    A war is not required nor the only solution.
     
    Drake181, Holdfast and precious roar like this.
  7. lucky luke

    lucky luke Active Member Silver Stacker

    Joined:
    May 15, 2011
    Messages:
    1,851
    Likes Received:
    12
    Trophy Points:
    38
    Location:
    Qld
    The prospect of Corporate Fascism (and the nationalistic control & appeal to patriotism for the common good of the nation that will come with it)?
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,366
    Likes Received:
    1,045
    Trophy Points:
    113
    From his latest speech.....
    "There are many countries around the world in trouble right now from this bad bad virus. Nebraska, Idaho, Utah, California."
    - President Trump

    Someone please shoot me.
     
    66rounds likes this.
  9. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,422
    Likes Received:
    2,706
    Trophy Points:
    113
    Location:
    Australia
    This from Zero Hedge on the 2 trillion dollar Covid19 rescue package for USA.

    And remember when 700 billion seemed a lot!
    • Big Businesses: About $500 billion can be used to back loans and assistance to companies, including $50 billion for loans to U.S. airlines, as well as state and local governments.
    • Small Businesses: More than $350 billion to aid small businesses, including $10 billion in SBA grants of up to $10,000 for small business costs, and $17 billion for SBA to cover six months of payments for businesses with current SBA loans.
    • Hospitals: A $150 billion boost for hospitals and other health-care providers for equipment and supplies.
    • Individuals: Direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child.
    Unemployment insurance would be extended to four months, and increased to $600 per week. More workers will be eligible for coverage.

    There will also be $30 billion in emergency education funding, $25 billion in transit funding, and $30 billion for the Disaster Relief fund.
     
  10. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,932
    Likes Received:
    363
    Trophy Points:
    83
    Location:
    Thailand & WA
    The war is being fought now. How bloody blind are people? Question is whose country commanders will win the world's great depression? I never in my lifetime thought it would morphe to this
     
    lucky luke and Holdfast like this.
  11. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,932
    Likes Received:
    363
    Trophy Points:
    83
    Location:
    Thailand & WA
    A prop. That's all. Hang on to ya hat because us train wreck is about to happen. Do you have gold and silver.. Ha ha I hope so
     
    Holdfast and 66rounds like this.
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    19,660
    Likes Received:
    2,819
    Trophy Points:
    113
    Location:
    昆士蘭
    Maybe he's been reading @Skyrocket's Billy Meier posts?
     
    Skyrocket and Davros10 like this.
  13. oziwassabi

    oziwassabi Well-Known Member Silver Stacker

    Joined:
    Apr 26, 2010
    Messages:
    348
    Likes Received:
    401
    Trophy Points:
    63
    Location:
    over here
    I think in this day and age of globalisation it is not a question of which countries commanders but which corporations CEO?
     
  14. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

    Joined:
    Jul 20, 2014
    Messages:
    5,908
    Likes Received:
    860
    Trophy Points:
    113
    Location:
    Melbourne
    If so, that ain't a bad thing knowing what the future holds. So many more of his prophecies are coming true as time goes on.
     
  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

    Joined:
    Mar 16, 2019
    Messages:
    1,366
    Likes Received:
    1,045
    Trophy Points:
    113
    We went to the store today and already are noticing huge price increases on some things. A tube of hamburger went up over $5 for one.
     
    Holdfast likes this.
  16. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,491
    Likes Received:
    717
    Trophy Points:
    113
    Location:
    Australia
    In the city vegetable shops, here in Australia, there's been a mark-up on vegetables, probably related to the drought, fires and floods, I'm not sure, maybe the virus is having an impact.
    This is a rough guide, it doesn't take into account seasonal fluctuations so:

    Prices in AUD per kilogram
    Celery is normally about $5 AUD, now you can pay at Coles about $6.50 or from an green grocer $10
    Cauliflower, normally about $6 AUD, now $9
    Tomatoes now about $9 -10
    Capsicum (Peppers) normally about $5, now $15
    Green beans have gone down in price a bit.
    Broccoli, normally $3 - $4, now $13 - 15.
     
  17. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    19,660
    Likes Received:
    2,819
    Trophy Points:
    113
    Location:
    昆士蘭
    ^ simply supply and demand, how the market rations goods and services.
     
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,218
    Likes Received:
    1,268
    Trophy Points:
    113
    Location:
    Singapore
    Aussie broccoli in a local supermarket, price hasn't increased but mostly sold out.

    [​IMG]
     
    66rounds likes this.
  19. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,738
    Likes Received:
    1,716
    Trophy Points:
    113
    Location:
    Melbourne
    All is well in @mmm....shiney! World but the rest of us here can smell something funny
     
    STKR and Bullion Stax like this.
  20. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    19,660
    Likes Received:
    2,819
    Trophy Points:
    113
    Location:
    昆士蘭
    Have you changed tinfoil hats lately?
     
    66rounds likes this.

Share This Page