Michael Burry Warns Weimar Hyperinflation is Coming

This is where we are headed:

https://api.parler.com/l/dHRSh

Doubtful.

With Marxists in charge, yes, we are.

These threads always go the same way.

A poster puts out a bumper sticker slogan opening post, usually with the words “VENEZUELA!” or “SOCIALISM!!!” prominently featured.

A few posters put in the time and the effort to put forth arguments backed by facts and data to rebut said bumper sticker slogans.

The other posters respond with more bumper sticker slogans.

Can’t these posters at least try to make an argument that goes beyond bumper sticker slogans?

Even once?

Or at the very least pretend they’re actually listening to what’s being said to them?

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Good thing we don’t have Marxists in charge then.

Sure you did

According to conservatives, the economy still sucked in 2016. Why would you expect Obama to shrink the deficit even further under such awful economic times?

If that’s what you think maybe just don’t come into the thread? I disagree with the entire premise of your statement here. Just because you think its that way, doesn’t mean it is. If there’s a familiar theme it’s because the left continues to have the same agenda no matter the subject.

When Jimmy C. Obama was in office was the worst time in my life economically.

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Don’t just tell me you disagree.

SHOW me why…using facts and data.

That’s what I’m talking about.

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Like the post he responded to did?

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Yesterday 1/2" OSB was $32. Today it’s $38. Gas is almost a dollar more. Many groceries are nearly doubled.

Nothing to see here…

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Building supply prices aren’t inflating from monetary supply expansion. That’s cost coverage from plant capacity being damaged by covid. Treated lumber and wood products plants are as densely packed as poultry plants, and staffed by the same kinds of people.

Plus, some gouging.

Since when. Where is this coming from? What groceries are nearly doubled?

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gas prices are where they were before the pandemic crushed demand.
food prices are up 3.6% year over year

https://www.bls.gov/cpi/

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I agree. Tangentially related to covid though. Lots of people needing home offices now driving up demand for new houses as well.

I would do so if I was given something to which to respond beyond platitudes and bumper sticker slogans.

I respond to what I’m given…many times above and beyond what’s given.

Gotta have grist to grind.

The complaints about gas prices are the thing that gets me.

What did people think would happen when demand for petroleum products increased as economies started to rev up again?

well one thing we’ve learned is teh right doesn’t really understand how the economy works

You know it’s funny…if more people did understand how the economy worked, they wouldn’t have had nearly as much trouble scoring bargains during the pandemic when it first began.

I was fortunate to have a friend whose previous job entailed developing AI algorithms for the food logistic services. When the lockdowns first started happening he clued me in that there were going to be bargains for certain foodstuffs as restaurants shut down and the supply companies that serviced them hastily switched their supply chains from restaurants to grocery stores.

I was able to get some fantastic deals on large quantities of meat like chicken and steak (especially chicken) by getting in early on this.

It was a major lesson in how price changes are complex but in general are far more responsive to immediate conditions on the ground than they are to longer term happenings.

If more people realized this, they would know is no way shutting down Keystone XL or Biden’s moratorium on new permits for drilling on federal land are the major drivers in the increase in oil prices because the effects of those policies would not impact on the ground until much much later.

By far the more dominant impact on prices is Saudi Arabia waiting to see if the pandemic is truly winding down before opening the taps. And there’s no way they’ll let that stay the norm for long…because it allows too many competitor streams of oil that require the higher prices to be profitable to come online.

About the only time this was any different was when speculators used the oil markets as a place to make money when their preferred ways of making money collapsed with the credit crunch in the late 00s. And while that was quite painful, it too was a transient spike.

Oil has been on a plateau for many years now…price can’t drop too low anymore because too many sources of oil now require a higher price point to be profitable to produce. Can’t go too high because there aren’t enough good paying jobs out there to support a higher price, and demand drops off.

So it will continue to be a cycle like this until we have some sort of paradigm shift.