DEFLATION: Comin-in strong

[TOM4CWB]

Quantitative Tightening and the liquidity of regional banks in the US… is going to tighten up money supply big time.

China won’t bail out the Western economies this round.

Bloomberg is carrying some very pessimistic people about the situation in the next 6 months…

China, India, SE Asian countries are 70% coal fired electricity generation… the US and Canadian grid… 0.

We are in for a huge reck if we EV everything with out a power source…. Fossil fuels are the only practical solution…

This is going to get obscene and totally insane… we need at least 30 years to transition out of coal and fossil fuels… not 10-20.

Cheers… as we shiver in the cold weather!

Blessings and Wisdom

[Old Cowzilla]

I think the tug of war between lost jobs and aging work force is pretty difficult to predict . Lots of retired people still working not always because they need the money but can't refuse the top up wages and double dipping. Not every house has a loan against it. Wealth transfers ( in the billions ) in the next 20 years. Those kids still living in the basement will be able to move upstairs although I don't think they will be a very productive lot.

[Sodbuster]

Nuclear power is the only way to achieve 0 emissions and our government is not ready to embrace it yet. They can talk all they want about wind and solar but neither is a candidate for base power.

[beaverdam]

Fed’s Bowman Again Urges Multiple Rate Hikes to Curb Inflation

Oct 2nd/2023

https://finance.yahoo.com/news/fed-bowman-again-urges-multiple-143020659.html

[biglentil]

Quotes on new fixed rate mortgages are starting to come in in the 7's% add on the 2% stress test requirement the bar to qualify is 9%. This is creating an interesting dynamic people arent selling in fear they wont qualify for their replacement home or even if they do qualify the payment scares them away. New home builds have ground to a halt. There are alot of jobs that revolve around new home builds. Layoffs exacerbate the popping of the housing bubble. Many may become upside down on their mortgages (owing more in principle than its current market value). The temptation to hand the keys over to the bank in such a scenario becomes great.

[shtferbrains]

Jingle Mail.
The banker gets the keys in the mail.
The envelopes would jingle.

Popular in the 80's when the liberals setup the "National" energy program.

Then the bank have to get the repo's off the books at whatever it costs and things really spiral down.

[fcr]

Stock markets in negative territory, more interest rate hikes,shunned by the two largest countries in the world. The liberals have to go and maybe the world will look to Canada again as a reputable country to deal with and invest in.

[BreadWinner]

Time to load up on investments, I would like to see a chart comparing Errol sky is falling predictions to stock prices.

[AlbertaFarmer5]

Fed’s Bowman Again Urges Multiple Rate Hikes to Curb Inflation

Oct 2nd/2023

https://finance.yahoo.com/news/fed-b...143020659.html

This thread is now 16 months old.
Yet there is a headline about curbing ongoing inflation going forward.
If this is coming in strong, what speed does coming in weak look like?

[mcfarms]

If a drummer plays the same beat for long enough the music will eventually match up.

[foragefarmer]

[QUOTE=jazz;574838]Slower inflation is not deflation errol. Deflation would be for prices to fall below some long established trendline, like the decade before. Oil would be a marker of that, but its on its way to $100.




Jazz, only $100/barrel oil in your sights, not $200-$300/barrel anymore!

WTI south of $84/barrel since this post.

How's your long position doing, cost averaging working out, are you able to make margin calls?

Jazz, never did hear how much $450/tonne Urea you were able to buy.

[errolanderson]

Central bankers totally lost . . .

Inflation is now far in the rear-view mirror, particularly with the collapse in crude oil prices. Good news is; pump prices for gasoline should immediately drop 5 to 8 cents/litre. There is now a huge rise and surplus of gasoline stateside as consumer demand fades. Diesel heading down. The drop in fuel prices will be welcomed.

But for the media, it will mess with their tiring, ongoing inflation rhetoric. The topic is about to be changed.

Inflation was only fed by rising manipulated oil rally, ill-thought-out central bank policy hiking rates at the worst possible time igniting a firestorm consumer debt crisis and opportunistic greed. Rate hike talk and the word inflation may almost vanish from mainstream media over the next few weeks as reality kicks in.