New posts

Reply to thread

Message

"Three-quarters of a year at better than 20% “money” growth would be more than sufficient time and at a way-more-than-sufficient pace for this deluge to have flooded itself all the way completely through any economy and have months ago left behind not just a detectable inflationary signal but more likely a completely unambiguous one."

Snider would be wrong here, it takes at least a year or even up to 1.5-2 years for money supply increases to filter and show up into the real economy as inflation. The money supply increase started showing up after he wrote the second article in march 2021. All the direct fiscal stimulus and check handouts for covid 2020 lockdowns did start to show up a year after.
Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008
[URL unfurl="true"]https://www.cnbc.com/2021/05/12/consumer-price-index-april-2021.html[/URL]

Have a listen to Prof. Henke. After all he is the one that got it RIGHT to predict 9% inflation this year. And also he gives a timeframe for inflation next year to be calculated at around 6%.
Economist who called 9% inflation has this grim forecast for what's next - Steve Hanke
[MEDIA=youtube]OvkHiTssXPM[/MEDIA]

65% chance of recession as inflation heats up to 8.6% - Steve Hanke
[MEDIA=youtube]sJg9nmN_Vfg[/MEDIA]

<blockquote data-quote="bluekelah" data-source="post: 1192576" data-attributes="member: 52895"><p><em>&quot;Three-quarters of a year</em> at better than 20% “money” growth would be more than sufficient time and at a way-more-than-sufficient pace for this deluge to have flooded itself all the way completely through any economy and have months ago left behind not just a detectable inflationary signal but more likely a completely unambiguous one.&quot;</p><p></p><p>Snider would be wrong here, it takes at least a year or even up to 1.5-2 years for money supply increases to filter and show up into the real economy as inflation. The money supply increase started showing up after he wrote the second article in march 2021. All the direct fiscal stimulus and check handouts for covid 2020 lockdowns did start to show up a year after.</p><h3>Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008</h3><p>[URL unfurl=&quot;true&quot;]https://www.cnbc.com/2021/05/12/consumer-price-index-april-2021.html[/URL]</p><p></p><p>Have a listen to Prof. Henke. After all he is the one that got it RIGHT to predict 9% inflation&nbsp;&nbsp; this year. And also he gives a timeframe for inflation next year to be calculated at around 6%.</p><h3>Economist who called 9% inflation has this grim forecast for what&#039;s next - Steve Hanke</h3><p>[MEDIA=youtube]OvkHiTssXPM[/MEDIA]</p><p></p><h3>65% chance of recession as inflation heats up to 8.6% - Steve Hanke</h3><p>[MEDIA=youtube]sJg9nmN_Vfg[/MEDIA]</p></blockquote><p></p>

[QUOTE="bluekelah, post: 1192576, member: 52895"] [I]"Three-quarters of a year[/I] at better than 20% “money” growth would be more than sufficient time and at a way-more-than-sufficient pace for this deluge to have flooded itself all the way completely through any economy and have months ago left behind not just a detectable inflationary signal but more likely a completely unambiguous one." Snider would be wrong here, it takes at least a year or even up to 1.5-2 years for money supply increases to filter and show up into the real economy as inflation. The money supply increase started showing up after he wrote the second article in march 2021. All the direct fiscal stimulus and check handouts for covid 2020 lockdowns did start to show up a year after. [HEADING=2]Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008[/HEADING] [URL unfurl="true"]https://www.cnbc.com/2021/05/12/consumer-price-index-april-2021.html[/URL] Have a listen to Prof. Henke. After all he is the one that got it RIGHT to predict 9% inflation this year. And also he gives a timeframe for inflation next year to be calculated at around 6%. [HEADING=2]Economist who called 9% inflation has this grim forecast for what's next - Steve Hanke[/HEADING] [MEDIA=youtube]OvkHiTssXPM[/MEDIA] [HEADING=2]65% chance of recession as inflation heats up to 8.6% - Steve Hanke[/HEADING] [MEDIA=youtube]sJg9nmN_Vfg[/MEDIA] [/QUOTE]

Verification