Inflation’s Collapse

[sumdumguy]

1 pound is worth 1.48 Cdn dollars. Same as 1985.
Some one can post the chart?

[shtferbrains]

Yen might be worse

[errolanderson]

GBP Futures halted.

Pound Flash Crashes 500 pips To Record Low Amid Global FX Carnage As Things Start Breaking | ZeroHedge

If this can happen to the British Pound, it can happen to any currency.

Errol do you think deflation is their concern in the UK?

Anything with supply chain issues is battling price gouging, (that's not inflation as gouging can disappear quickly). Anything that is not battling supply chain issues is clearly deflationary.

Case in-point . . . one month ago natural gas was $10 per MMBTU, today $6.60 per MMBTU. King crude sliding below $77.50 per barrel on-the-spot. Gold based on USD broke $1,625 per oz overnight. Bottomline, commodities now in-collapse. Grains holding up on Putin. But palm oil in huge selloff in Asia as China economy in-recession.

Fed policy is an absolute mess (IMO). Core inflation data is as much as 3 months old. U.S. and Canada clearly in-recession no matter the BS in the media . . . .

[biglentil]

Please bring on the deflation you've been calling for for years now.

[errolanderson]

Money printing inspired inflation creating false economics and overvaluations that has exploded in the past five (5) years is over . .

The U.S. Fed policies ballooning artificial stock market values and home prices (pay me now greed and worry about the future later) has now clearly come home-to-roast. This may be a very deep and long recession. Stock recovery may take years . . . .

[Happytrails]

. Anything that is not battling supply chain issues is clearly deflationary[/QUOTE]

Anything without supply chain issues must not be a scarce resource. I can't see any goods falling into that category. Maybe some services. (university professors?)

[Guest]

Money printing inspired inflation creating false economics and overvaluations that has exploded in the past five (5) years is over . .

The U.S. Fed policies ballooning artificial stock market values and home prices (pay me now greed and worry about the future later) has now clearly come home-to-roast. This may be a very deep and long recession. Stock recovery may take years . . . .

You’re back macdon , it is you, isn’t it ?
Missed your excellent market insights !

[sumdumguy]

Sort of beside the point but anyone listening to Gormley today would have heard that 88% of the professors are bent to the left and vote that way. They are not tolerant nor open to views that do not coincide with their own so governments are legislating policy that forces them to be open to alternate views. They will just flunk the dissenters for their, “inappropriate views”. Unbelieveable!

[jazz]

.

[errolanderson]

Fallout in natural gas, precious metals and copper getting nasty. This is a stark waring to crude oil (IMO).
OPEC production cuts may be more panic move to derail a possible washout in oil prices. Cause: quickly deepening global recession. Asset prices coming under increased selling pressure.

These comments definitely not coming from main stream media . . . .

[furrowtickler]

Production cuts , it’s exactly what every major ag manufacturer has done .
Ag inputs, machinery and all costs related continue to inflate at record levels

[biglentil]

Fallout in natural gas, precious metals and copper getting nasty. This is a stark waring to crude oil (IMO).
OPEC production cuts may be more panic move to derail a possible washout in oil prices. Cause: quickly deepening global recession. Asset prices coming under increased selling pressure.

These comments definitely not coming from main stream media . . . .

The futures markets are bust the vaults close to empty. The Comex and LBMA are being exposed for what they are a fraudulent price fixing mechanism. The disconnect between the physical price and the spot has never been wider and its growing.

[biglentil]

Errol there is no putting the purchasing power back in the dollar. Those that control the printing presses for the reserve currency have overdone their privelege. Many nations around the world have had enough of absorbing that inflation and a weaponized dollar pushing a woke agenda. Membership into the BRICS alliance to trade in currency and systems outside the USD are rapidly expanding with Saudi Arabia the latest to show interest. When reserve currencies reach the end of the road it typically comes with currency wars, trade wars and finishes with a shooting war. History may not repeat, but it often rhymes. The CPI will only accelerate as Central banks liquidate USD reserve balances into physical commodities and competing currencies. There maybe extreme volatility, death throws, but the overal trend can't be stopped a loss of confidence in the purchasing power of the dollar.

[biglentil]

So much for the fallout in Nat Gas

[errolanderson]

Now come the rate cuts . . . .

Inflation a ghost of its former self and dropping quickly. Deflation new kid in town as debt crisis gains momentum.

Central bankers should just as a trucker how the economy is doing. Short wait-times at loading docks. Paperwork done quickly. Room to park the rigs.

Bank crisis in-progress as the easy money gravy train has dried up. U.S. regional bank being swept under rug, but rug simply not big enough. How deep are Cdn banks into regionals? . . . .

Reality check coming. Welcome to last half 2023 . . .