Time to change some terrible spending habits I have so.
And last year was the lowest since God knows how long. I wonder how it averages out.
Currently a global issue
Pay rises incoming, right?
I saw someone over on the boreds claiming that there isn’t inflation a few days back. I’m convinced the majority of users are about 10 people, mostly oul racist cranks that argue with themselves via sockpuppet accounts.
Anyway, this is gonna be like the 80’s all over again. Can’t have governments just printing money with no recourse. The most galling thing is the richest just got incredibly richer because of this while the rest of us get squeezed.
Buy Gold or Bitcoin to avoid Inflation. you can’t print more Gold or Bitcoin like you can with cash.
Is it possible to get the price data the CSO uses to calculate the CPI ? Im assuming their method of calculating CPI is a lot different now than it was in the 2000s or the 80s. I think they constantly adjusting weight associated with each product, so it might not make much sense to compare 2022 CPI to 2000.
That’s all those creamy frappe latte’s that we’re buying… Wait no, that’s why most of our generation can’t afford houses. Maybe it’s the burritos? Look I’m unsure how yet it’s our fault but by damn do I know that it is our fault.
Would a recession happen soon because of this? I’m not sure how it works but I’m pretty sure they’re starting to build more houses and shit?
But the irish media told me we were heading into another boom period lmao
2021: Delta dies down a bit, countries reopen, global energy crisis, Omicron. 2022: Omicron dies down, countries reopen, the worst rise in inflation in decades.
For. Fucks. Sake.
Tau or Chi variant next and then an Earth-killing asteroid for next summer.
RISE FELLOW PROLETARIATS AND WE SHALL TAKE BACK WHAT IS TRULY OURS.
I say it’s much higher than 5.5%
The Boom is back
2008 crash money printing coming back to bite the world a decade later..
The US has printed more dollars in the last 2 years than any time in the history of the Federal Reserve. The finacial system in the US is broken and likewise with Europe. Nobody wanted to take the hit from the last recession so they just reinflated asset prices
The current inflation problem is a few years in the making, but when Covid hit and the US created $4Tn and EU created €4Tn (via bonds) it was only a matter of time before it spiked. Neither has stopped their bond programs, but the US plan to stop in March.
This isn’t going away anytime soon. They can stop the money creation. The real issue is they cannot really hike interest rates to the levels required to combat inflation without very serious implications.
Existing bonds would crater, every defined benefit pension scheme could become insolvent, they tend to be held by boomers and have high bond exposure. Debt which needs to be rolled over would suddenly become very expensive. Growth stocks would crash. Government spending would need to be drastically cut.
Alternatively let inflation run a little hot for the next few years. Keep rolling that debt over and let inflation work it’s magic on all that sovereign debt.
I thinking Option B will win because Option A is very painful.
Either way, strap in cause this will be bumpy.
Just like my waistline.
—
Or has the vast Ponzi scheme that has kept the modern economy going finally started to creak?
The rise in energy prices is insane. I just got my two month electricity bill today, €330 while this time last year it was €260 for similar usage.
19 comments
Time to change some terrible spending habits I have so.
And last year was the lowest since God knows how long. I wonder how it averages out.
Currently a global issue
Pay rises incoming, right?
I saw someone over on the boreds claiming that there isn’t inflation a few days back. I’m convinced the majority of users are about 10 people, mostly oul racist cranks that argue with themselves via sockpuppet accounts.
Anyway, this is gonna be like the 80’s all over again. Can’t have governments just printing money with no recourse. The most galling thing is the richest just got incredibly richer because of this while the rest of us get squeezed.
Buy Gold or Bitcoin to avoid Inflation. you can’t print more Gold or Bitcoin like you can with cash.
Is it possible to get the price data the CSO uses to calculate the CPI ? Im assuming their method of calculating CPI is a lot different now than it was in the 2000s or the 80s. I think they constantly adjusting weight associated with each product, so it might not make much sense to compare 2022 CPI to 2000.
That’s all those creamy frappe latte’s that we’re buying… Wait no, that’s why most of our generation can’t afford houses. Maybe it’s the burritos? Look I’m unsure how yet it’s our fault but by damn do I know that it is our fault.
Would a recession happen soon because of this? I’m not sure how it works but I’m pretty sure they’re starting to build more houses and shit?
But the irish media told me we were heading into another boom period lmao
2021: Delta dies down a bit, countries reopen, global energy crisis, Omicron. 2022: Omicron dies down, countries reopen, the worst rise in inflation in decades.
For. Fucks. Sake.
Tau or Chi variant next and then an Earth-killing asteroid for next summer.
RISE FELLOW PROLETARIATS AND WE SHALL TAKE BACK WHAT IS TRULY OURS.
I say it’s much higher than 5.5%
The Boom is back
2008 crash money printing coming back to bite the world a decade later..
The US has printed more dollars in the last 2 years than any time in the history of the Federal Reserve. The finacial system in the US is broken and likewise with Europe. Nobody wanted to take the hit from the last recession so they just reinflated asset prices
The current inflation problem is a few years in the making, but when Covid hit and the US created $4Tn and EU created €4Tn (via bonds) it was only a matter of time before it spiked. Neither has stopped their bond programs, but the US plan to stop in March.
This isn’t going away anytime soon. They can stop the money creation. The real issue is they cannot really hike interest rates to the levels required to combat inflation without very serious implications.
Existing bonds would crater, every defined benefit pension scheme could become insolvent, they tend to be held by boomers and have high bond exposure. Debt which needs to be rolled over would suddenly become very expensive. Growth stocks would crash. Government spending would need to be drastically cut.
Alternatively let inflation run a little hot for the next few years. Keep rolling that debt over and let inflation work it’s magic on all that sovereign debt.
I thinking Option B will win because Option A is very painful.
Either way, strap in cause this will be bumpy.
Just like my waistline.
—
Or has the vast Ponzi scheme that has kept the modern economy going finally started to creak?
The rise in energy prices is insane. I just got my two month electricity bill today, €330 while this time last year it was €260 for similar usage.