DEFLATION: Comin-in strong

[biglentil]

And despite all this we have deflation which means the greater depression is at hand. Don't believe: try selling some grain today. Been shopping for another pickup recently. Dealer lots are full of half tons. Prices are slowly coming down on both new and used.

The middle class is being squished no doubt there will be an oversupply of luxury items. For most an $85000 pickup is a luxury item. Mcmansions are also suffering I just read an article stating that new home cancelations are higher now in some regions than the 2008 housing debacle. Grocery store prices sky high, energy is high, cost of living is not improving. Real deflation hasnt been seen since the early 30's, in which cpi actually went negative, but once again all the pundits claim its just around the corner.

[errolanderson]

Retail food prices are starting to come down as the 'right-to-gouge factor' promoted by media banging the inflation drum starts to wear thin with the public. Food retailers have been glowing in margins. But even egg prices will crack and the market will eventually get scrambled.

Has anyone heard a media story about the plunge in natural gas? Last heard, nat gas price were skyrocketing. But energy stories now oddly quiet, silence in-fact. Guess falling prices doesn't make for fine news.

Media reporting and credibility has never been worse in my career . . . .

[Rareearth]

Egg prices = Bird flu

Record barn culling, expect this spring to be sever in north america = high egg prices
Not inflation , not war, not crude oil, etc

[J88]

Deflation Coming in Strong

I find whether the News Stories or the You Tubers I turn the volume off and read the the boots on the ground comments at the bottom (but be aware of the scammers too). That tells me what is happening up to date. The Main Stream News is weeks behind in what is really going on or just won’t admit it until it is too late.

[biglentil]

Quiz: What happened in the early 70's that could have lead to such inflation?

[coalvalley]

Quiz: What happened in the early 70's that could have lead to such inflation?

[ATTACH]11793[/ATTACH]

Does it rhyme with bold lanyard?

[errolanderson]

Quiz: What happened in the early 70's that could have lead to such inflation?

[ATTACH]11793[/ATTACH]

The 1970s vs today, no comparison. No debt crisis in the 70’s. Gov’t bills were actually paid back in the day.

[FarmJunkie]

The 1970s vs today, no comparison. No debt crisis in the 70’s. Gov’t bills were actually paid back in the day.

Just look at the chart. Gold standard gone and deficit spending starts couldn’t possibly have anything to do with the shit storm we are dealing with now,

[TOM4CWB]

On Bloomberg I heard an interesting observation why this economic cycle is different...

The pandemic caused $2.7T to be dumped into the consumers laps... plus the decreased activities by forced lockdowns.

He figured there was still an extra $1.3T currency residual remaining... which affects employment decreasing the available work force...

Different economics this time around... nervousness about debt servicing costs... Japan seems to have come through smelling like a rose...the Fed has quantitative easing down to a science... what could go wrong????

Cheers

[Oliver88]

Lumber has been crushed, down 50% since spring . . . .

An analyst on RFDTV mentioned that mills could be operating below cost of production now and might have to curtail production.

Lumber futures have decreased significantly back to levels before the scaredemic. The lumber in inventory hasn’t came down to those levels yet……