NeuroticFish
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October 06, 2021, 03:39:42 PM |
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Interestingly it doesn't look in official numbers at least that Romania and Bulgaria are experiencing this year the highest inflation rates, although I'm not sure how good how accurate those numbers reported by each country are so for once you might escape this
They always find ways to make the numbers look good. Each and every government always find some things to not be declared until the next government takes it over. The inflation is visible at the supermarket, you know... much better than from the official numbers. And with electricity, methane, petrol all getting way more expensive, a new avalanche of price increases is just starting. However, I was talking "historically", since unlike other countries, here there's always something that goes wrong (in the ways the money is spent and the inflation grows).
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yhiaali3
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October 06, 2021, 04:42:41 PM |
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Inflation is the natural result of the economic policies pursued by central governments in most countries of the world. Most of these governments, even those that have a strong economy, think that printing more useless paper money is the temporary solution to their economic problems, but this temporary solution will be the biggest problem they face in the future and will turn into a monster that devours their economy without being able to do anything.
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Sterbens
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Duelbits.com
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October 06, 2021, 05:07:17 PM |
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Due to the inevitable inflation, the FED will actually do a tapering in September. However, in the end, they agreed to slow down the tapering process in November. As we know the Fed feels benefited when tapering is carried out, it also affects the profits earned by the Dollar. In addition to the current weakening of the dollar, forcing the central bank to be more aggressive in taking action to normalize interest rates. As a result, we can see inflation according to the U.S.DEPARTMENT OF LABOR can be classified into 6 categories:
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paxmao (OP)
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October 06, 2021, 11:22:24 PM |
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Due to the inevitable inflation, the FED will actually do a tapering in September. However, in the end, they agreed to slow down the tapering process in November. As we know the Fed feels benefited when tapering is carried out, it also affects the profits earned by the Dollar. In addition to the current weakening of the dollar, forcing the central bank to be more aggressive in taking action to normalize interest rates. As a result, we can see inflation according to the U.S.DEPARTMENT OF LABOR can be classified into 6 categories: Nice, but I do not understand how they link the unemployment to inflation, unless they are assuming that less people working means less money circulation or lower speed. Or perhaps they are thinking that too low of unemployment may result in salaries rising, but in that case they are double counting when considering the Labour Cost Index. Interesting, although limited to US.
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Hydrogen
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October 06, 2021, 11:33:07 PM |
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Many criticized bitcoin's deflationary model over the years.
They claimed debt based finance / economics were the ideal scenario that everyone should endorse and embrace. That debt was essential to society and civilization continuuing to function. With deflationary or gold backed standards being too limiting or restrictive to allow for growth.
I would be curious to know how those critics view the current day economy, with inflation having a noticeable negative impact. Is bitcoin's deflationary model still "flawed"? Do debt based financial and economic models still represent the utopian arrangement that the entire world should follow?
The funny thing about current day inflation is, few bother to learn the basic fundamentals on it. Which means that even if an inflationary economic disaster hit. The same scenario could repeat again 5 to 10 years in the future. Simply due to the public not knowing what the real problems are.
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Shenzou
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October 06, 2021, 11:39:59 PM |
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A few leaders of OCDE countries are speaking wishfully about inflation, stating that this is just "a temporary peak". However this may or may not be the case. Even the people with best information (CEOs of large companies and perhaps some ministers) are unclear about how long do we have to endure inflation.
My translation for this is "we do not know if we can effectively pass the burden of all the money we printed onto the labour or the salaries will rise paving way for sustained high inflation in two years".
The problem with inflation is that is a temporary solution but has a draw back that will last for ages, and economist are always use it because they don't care about the far future they care about fixing the problems that they are facing, especially with the pandemic that lasted for 2 years and we are still seeing it economical draw backs to this day, and there is no solution to it except printing more money according to experts, so the best way to battle it right now is to use store of values investment like bitcoin.
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Kong Hey Pakboy
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October 07, 2021, 01:57:33 AM |
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I don't think that inflation is going to go away anytime soon so I think that it's most likely that it's a permanent thing, I mean we will eventually find a solution about it anyways so I don't think that we're going to worry about it, unless the government doesn't do anything to stop it then probably we'll not be able to do anything about it besides protecting ourselves from that inflation.
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Darker45
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October 07, 2021, 02:55:43 AM |
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I don't think we will be seeing these high numbers permanently. Times are hard right now. The pandemic is still here. Economies are still very much affected by its presence. In other words, things are still unstable right now. We haven't really gone back to normal. We are beginning to recover, though. Some countries are now in transition to what's called the new normal, but we can also see how other countries such as Australia, New Zealand, and so on are still very much in the middle of the intense COVID-19 war.
But I'm expecting that when the COVID-19 smoke finally dies down, inflation will be tempered down as well.
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breathlessz
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Trphy.io
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October 07, 2021, 04:16:34 AM |
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A few leaders of OCDE countries are speaking wishfully about inflation, stating that this is just "a temporary peak". However this may or may not be the case. Even the people with best information (CEOs of large companies and perhaps some ministers) are unclear about how long do we have to endure inflation.
My translation for this is "we do not know if we can effectively pass the burden of all the money we printed onto the labour or the salaries will rise paving way for sustained high inflation in two years".
The problem with inflation is that is a temporary solution but has a draw back that will last for ages, and economist are always use it because they don't care about the far future they care about fixing the problems that they are facing, especially with the pandemic that lasted for 2 years and we are still seeing it economical draw backs to this day, and there is no solution to it except printing more money according to experts, so the best way to battle it right now is to use store of values investment like bitcoin. precisely when the pandemic was taking place bitcoin became one of the best places to avoid inflation. this can happen because of many factors including a speculator who secures his wealth so that it can continue to increase even though the global economy is slumping, and finally cryptocurrency is his choice
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molsewid
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October 07, 2021, 05:49:19 AM |
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I don't think we will be seeing these high numbers permanently. Times are hard right now. The pandemic is still here. Economies are still very much affected by its presence. In other words, things are still unstable right now. We haven't really gone back to normal. We are beginning to recover, though. Some countries are now in transition to what's called the new normal, but we can also see how other countries such as Australia, New Zealand, and so on are still very much in the middle of the intense COVID-19 war.
But I'm expecting that when the COVID-19 smoke finally dies down, inflation will be tempered down as well.
High inflation may not be taking long but the mere fact that we were still going to dealt with a varying inflation from time to time then I guess we were forever dealing with it. But today, the inflation in my thought was considered as worst though to be honest here in my country inflation keep on rising even before the pandemic but this time it's different. Hurdles and high employment rate makes the life much worse and as what I have observe here in my country I think were still far from the fact of under control of the contagious infection of virus.
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oHnK
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October 07, 2021, 02:35:07 PM |
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The government's policy in almost all countries during this pandemic is to print money, but the impact that is currently haunting us is inflation. This inflation condition is seen in its severity. I myself predict that my current country looks fine. However, the condition of very high debt does not rule out the possibility of default. There are as many instruments to deal with inflation as the US is currently doing in the tapering off. Due to very high amount of money they limit QE. We can only secure the assets we own by avoiding storing them in fiat. Because if we all realize, fiat has no value at all in the future.
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Sterbens
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October 07, 2021, 05:06:58 PM |
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Nice, but I do not understand how they link the unemployment to inflation, unless they are assuming that less people working means less money circulation or lower speed. Or perhaps they are thinking that too low of unemployment may result in salaries rising, but in that case they are double counting when considering the Labour Cost Index.
Interesting, although limited to US.
According to what I know so far that inflation is clearly the root cause of major problems in the economy. Thus, everything related to finance, whether in the form of wages, inputs and outputs, is also caused by the inflation factor in a country. An example that I can mention is the country of Zimbabwe which makes us learn many things, starting with the land grabbing in 1992. Maybe you still remember that the country's inflation had reached around 230 million percent, and was followed by a 95% increase in unemployment. This makes the people there cannot feel the wages of their hard work, because the value of the currency is low while the prices of basic necessities are increasing. Returning to the issue of permanent or temporary inflation, it depends on how a country can manage the available resources and make it a sovereign country and able to sustain the economy that other countries need its resources.
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Natalim
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October 07, 2021, 07:50:14 PM |
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I don't think we will be seeing these high numbers permanently. Times are hard right now. The pandemic is still here. Economies are still very much affected by its presence. In other words, things are still unstable right now. We haven't really gone back to normal. We are beginning to recover, though. Some countries are now in transition to what's called the new normal, but we can also see how other countries such as Australia, New Zealand, and so on are still very much in the middle of the intense COVID-19 war.
But I'm expecting that when the COVID-19 smoke finally dies down, inflation will be tempered down as well.
High inflation may not be taking long but the mere fact that we were still going to dealt with a varying inflation from time to time then I guess we were forever dealing with it. But today, the inflation in my thought was considered as worst though to be honest here in my country inflation keep on rising even before the pandemic but this time it's different. Hurdles and high employment rate makes the life much worse and as what I have observe here in my country I think were still far from the fact of under control of the contagious infection of virus. I believe inflation will still be inevitable these days. It even gets along with this pandemic seeing the mere fact that we always keep on struggling for money so we end up having our own economic crisis. Not just that, instead of seeing the market to be considerate in the prices of our basic commodities because of the current pandemic, the market's prices are even getting worst and this high inflation is more observed right now particularly in our basic goods and services. This must be a never ending inflation and it will only be controlled if the government will consider their citizens' welfare and not their own pockets.
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Fortify
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October 07, 2021, 08:42:18 PM |
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A few leaders of OCDE countries are speaking wishfully about inflation, stating that this is just "a temporary peak". However this may or may not be the case. Even the people with best information (CEOs of large companies and perhaps some ministers) are unclear about how long do we have to endure inflation.
My translation for this is "we do not know if we can effectively pass the burden of all the money we printed onto the labour or the salaries will rise paving way for sustained high inflation in two years".
There is no denying that Covid has messed up all sorts of supply chains around the world and the effects of that would appear to be a bit delayed. There were a fair bit of stockpiles that sustained production for a while and consumers cut back in many areas which dampened demand. Now many people have lots of saved up money to spend on all sorts of goods, people are going back to work (oil demand shoots back up) and all the factories that suspended work due to lockdowns are taking a while to get back to speed. I think inflation will be higher than we have grown comfortable with in the past few years, but it will not be high beyond a year or two. However as you state, people trying to predict long term economics often get things very wrong.
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FanEagle
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October 07, 2021, 09:32:30 PM |
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I doubt that this would be a "temporary" situation as long as it is not fixed. The inflation rate is even higher than what the officials are saying, remember the whole watched as moody's gave high credit ratings to shit mortgages and how the whole world collapsed because of it. Do not care about the ratings and numbers official places give, inflation is much higher. The only way that could ever go up would be people having enough income to pay for stuff and business' not requiring too much price spikes to keep going.
This is not going to happen overnight and it is going to take maybe a decade of proper legislation to get it better. Which as we all know is not something we seen from politicians all that much, they rather keep everything as it is as much as possible.
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Gyfts
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October 08, 2021, 02:58:02 PM |
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US jobs report comes up short - https://www.cnbc.com/2021/10/08/september-jobs-report.htmlNow the US is going through a stagflation period of slow economic growth and high inflation. The federal reserve increased their inflation calculations to last until 2024, and GDP growth is only a fraction of what was initially calculated last year. Keep in mind, there are open jobs in the US, but not enough man power to fill those jobs. The clear effect? USD will absolutely start to tank, their economy cannot hold up for much longer.
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Rruchi man
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October 08, 2021, 06:09:12 PM |
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When it comes to inflation, i don't really think or see it as a temporary situation. Yes, we may at some point experience temporary calm in the situation of things, but soon after inflation will become a topic again. It is safer to plan to seek out ways to earn more and be able to support your lifestyle, because inflation to me will always be constant.
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jrrsparkles
Sr. Member
Online
Activity: 2450
Merit: 275
Eloncoin.org - Mars, here we come!
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October 08, 2021, 07:07:07 PM |
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A few leaders of OCDE countries are speaking wishfully about inflation, stating that this is just "a temporary peak". However this may or may not be the case. Even the people with best information (CEOs of large companies and perhaps some ministers) are unclear about how long do we have to endure inflation.
My translation for this is "we do not know if we can effectively pass the burden of all the money we printed onto the labour or the salaries will rise paving way for sustained high inflation in two years".
Inflation is permanent as long as we have the fiat system is in practice because government is going to print more money for no reasons but the spike happened due to the emergency situation called covid 19. Some countries are not even revealing the real inflation rate but so far no country is doing good except China.
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| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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fullhdpixel
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October 08, 2021, 07:48:11 PM |
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A few leaders of OCDE countries are speaking wishfully about inflation, stating that this is just "a temporary peak". However this may or may not be the case. Even the people with best information (CEOs of large companies and perhaps some ministers) are unclear about how long do we have to endure inflation.
My translation for this is "we do not know if we can effectively pass the burden of all the money we printed onto the labour or the salaries will rise paving way for sustained high inflation in two years".
I believe that the highness of the inflation is definitely temporary, at least in my nation, but the inflation that is more than what it should be is permanent, I doubt it will ever be recovered. So, basically if it is 2% that should be the inflation that we could live with and healthy, and if it is 10%+ in some nations, I believe it will still drop, but not to 2%, it will drop to 5-6% which is still a lot, obviously most nations would be super happy about dropping to that level, which shows how horrible we are doing right now. However at least it is a drop, even though it is not a good and ideal place it will drop. So, technically the super high inflation in some nations are temporary, but higher than what should be is permanent everywhere.
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Dragonfund
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October 08, 2021, 08:29:02 PM |
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This doesn't mean we will continue to have inflation because when the CBN continues to inject money into the economy, this may be perhaps for the case of developed nations where everything is working properly but for the underdeveloped and developing countries have some many things bthay contribute to inflation. For example, low GDP, increase in industrial sector, low exportation and high importation (this will drastically kill and depreciate there currency) and political stability. Inflation is subjective to country and it differs.
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