DEFLATION: Comin-in strong

[sumdumguy]

After the central bank has spent ten years hypnotizing young people into heavy-duty debt loads, they wonder how to put a lid on young person’s insatiable lust for bigger and bigger houses, cars, boats, furniture, trips and more. Now we are going to hang them out to dry. Great Plan.

[biglentil]

At the current rate of CPI using the 1980 methodology a person will see the purchasing power of their savings cut in half in just 4 short years.


"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Jefferson

[TOM4CWB]

At the current rate of CPI using the 1980 methodology a person will see the purchasing power of their savings cut in half in just 4 short years.


"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Jefferson

Here we go!

$.7177… Cdn$ down hard… Dow down 450…

Grain down…

[errolanderson]

Major fallout in global natural gas prices in-progress. European electricity prices in a dive. LNG shipments now backing-up at Spanish ports. Can’t unload as storage full. Gas prices dropping like-a-stone. Some analysts say prices may go to zero. Dutch TTC, Korean and Japan nat gas indexes in-a-meltdown. Suffield AECO spot storage hub price tubed to $1 per gigajoule from $4.25 per gig in late Sept. Henry Hub is now 50 percent of recent $10/MMBTU.

This significant energy market event will likely not be reported by main-stream media as it does not meet their inflationary biases.

[FarmJunkie]

Too bad the fallout in fertilizer didn’t start 2 months ago

[TOM4CWB]

Inflation numbers for Canada up to 6.9% (year over year) up again according to Stats Canada, 6.7% last month.

Interest rates will be going up more again…

[flea beetle]

Major fallout in global natural gas prices in-progress. European electricity prices in a dive. LNG shipments now backing-up at Spanish ports. Can’t unload as storage full. Gas prices dropping like-a-stone. Some analysts say prices may go to zero. Dutch TTC, Korean and Japan nat gas indexes in-a-meltdown. Suffield AECO spot storage hub price tubed to $1 per gigajoule from $4.25 per gig in late Sept. Henry Hub is now 50 percent of recent $10/MMBTU.

This significant energy market event will likely not be reported by main-stream media as it does not meet their inflationary biases.

So do you think a guy should hold off buying fertilizer then since natural gas is a staple of N production?

[errolanderson]

So do you think a guy should hold off buying fertilizer then since natural gas is a staple of N production?

Out of my wheelhouse . . . . But production and shipping issues have a major say. IMO, much of gross inflation is simply gouging. This is not inflation. Gouging is short-lived and central bankers have no say. Many asset prices now under heavy price pressure.

If a global war breaks out, shipping will be impacted. If not, prices may have considerable downside. Deflation is coming in strong (IMO) as the recession is deepening quickly. Energies leading the way, despite OPEC cutting oil production and Russian threats.

[Hamloc]

Out of my wheelhouse . . . . But production and shipping issues have a major say. IMO, much of gross inflation is simply gouging. This is not inflation. Gouging is short-lived and central bankers have no say. Many asset prices now under heavy price pressure.

If a global war breaks out, shipping will be impacted. If not, prices may have considerable downside. Deflation is coming in strong (IMO) as the recession is deepening quickly. Energies leading the way, despite OPEC cutting oil production and Russian threats.

Deflation, Errol haven’t seen it in my world. Joystick control for the loader in my 2007 Case tractor. I replaced it in 2017, I payed $2200. It was malfunctioning the other day, I priced a new one it was $5750. Yup deflation. Just booked fertilizer, $35 an acre more than last year. Biggest issue I see will be supply. European fertilizer manufacturers have shut down plants because natural gas was too high of a price. Will North American manufacturers try to export to Europe? No idea. Having said that, with an incoming recession prices could go down as well like they did in 2008-2009. Risky either way being in a drought.

[beaverdam]

Interest rates will be going up more again…

Thought they were talking 1/2% increase after the last numbers and move,,, this morning, they're back talking about 3/4% for the next BofC rate hike.