US inflation jumped 7% in December as prices rise at rates unseen in decades

[laredo7mm]

I've noticed the shift from anger towards government adding to inflation by reckless spending and supply chain issues move to the corporations. As if the corporations are responsible for supply chain issues, that they are merely raising the price for their own corporate greed and not because fiat currency is losing its value. Anything to keep people occupied -- can't hold the government responsible if the people don't know who's to blame for inflation. And with most things, demonize the capitalist system, the private businesses, in order to sell the idea that it is more government that can fix inflation. Meanwhile, they want to spend even more money in fighting Covid as well as a social spending spree to the tune of trillions.

Yes, I saw that on news. The USA is having a supply chain issue and shopping malls are empty. People can't even buy bread, milk, and toilet paper. This happens because Many people store huge amounts of goods for the winter due to the omicron outbreak. Many people blame the federal government and shipping companies for this situation. Nearly 58% of Americans think shipping company is behind this supply shortage and supply chain bottleneck that happens. And I think this is true because many companies and factories shut down or reduce their production because of their workers being sick or locked down in their resident. That's why shipping company cut off their schedule by predicting a drop in demands for raw materials.

Experts believe that this supply chain issue is not going to fix easily. It could take 7 to 9 months for things being normal. As soon as we vaccinated more people situation could improve more quickly because data shows the vaccine is working against new variants of the corona virus.

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[stompix]

Lol!
Apparently ZH disagrees with me:

ZH disagrees with everything that still has a beating heart on this planet, we've already gone through 10 extinctions, 1000 crises, and 10 nuclear wars according to them, all perfectly predicted in advance by 10 years.

The container freight issue can't be solved that easily, and of course, not in a month where demand is extreme during a holiday in the western world, more containers flocking to US and EU and nothing coming out, plus the huge amount of time need for a round trip, two months and even more, if we speak Shanghai > ​Houston.

But things will go back to normal as demand dwindles and slowly but surely capacity is increased and the new year comes in China which is usually a period of manufacturing shutdown. Things will go back to normal just as you've said in the first message, the only place where it's not going to happen is over at ZH.

Oh btw:
https://www.zerohedge.com/news/2018-07-13/worlds-largest-shipping-company-collapses-trade-war-reality-strikes
(of course deleted but caching helps)

While US equity markets (well a few mega-cap tech stocks anyway) have remained resilient in the context of rising protectionist fears, theworld’s largest shipping company is seeing its stock eviscerated as investor anxiety over trade wars finds an outlet that makes rational sense.

Maersk shares are up 4x from the date of the article.  

[darewaller]

The USA is having a supply chain issue and shopping malls are empty. People can't even buy bread, milk, and toilet paper. This happens because Many people store huge amounts of goods for the winter due to the omicron outbreak. Many people blame the federal government and shipping companies for this situation. Nearly 58% of Americans think shipping company is behind this supply shortage and supply chain bottleneck that happens. And I think this is true because many companies and factories shut down or reduce their production because of their workers being sick or locked down in their resident. That's why shipping company cut off their schedule by predicting a drop in demands for raw materials.

There is also a situation with the trucking community where they are blackmailing the whole nation to let them not be vaccinated. That is a fact, many truckers refuse to follow orders to places that mandates vaccination. As I have said before, pay the vaccinated ones insanely high amount and fire the ones who refuses it. This is not really about vaccination or anything else at the moment, it is about one sector having the power to not follow rules set by the government. If everyone has to follow the orders then everyone has to follow them, if nobody follows them then nobody follows them.

We can't have a scenario where everyone has a mandate on ANYTHING whereas truckers are allowed to bypass it. Either truckers follow this rule too, or nobody does, that is the important part. I mean this could be about anything, vaccination is just example here for me, it is either for all or for none, we can't have for all except one.

[Sithara007]

Just checked the live crude oil prices and they are edging up towards the $100 per barrel mark. If breached, this will be a very important psychological level. Three digit prices were last seen in 2014. And this would translate to disaster for oil consuming countries such as USA, China, India and Japan, by further pushing up the inflation rate and trade deficit. Now they can't even attempt to replace gasoline-run vehicles with EVs, as Lithium prices have rocketed upwards. EVs are now unaffordable for the vast majority of the population. I won't be surprised if the inflation rate hits double digits later this year.

[SirLancelot]

Just checked the live crude oil prices and they are edging up towards the $100 per barrel mark. If breached, this will be a very important psychological level. Three digit prices were last seen in 2014. And this would translate to disaster for oil consuming countries such as USA, China, India and Japan, by further pushing up the inflation rate and trade deficit. Now they can't even attempt to replace gasoline-run vehicles with EVs, as Lithium prices have rocketed upwards. EVs are now unaffordable for the vast majority of the population. I won't be surprised if the inflation rate hits double digits later this year.

I am not surprised about this case, because when something becomes a trend and there is a high demand for it, there is also the possibility that the price or the value will increase, higher than it was before. So, lithium has now increased in value and that is because of the demand for it has also increased. Before when there was nothing like EV, and no one really cared much about lithium, the price was low and that was because the demand wasn’t much.

But, since the demand now is getting much and there are lots of companies now jumping on the production of EV, then you should also see the value increase as well to match the level of demand that there is. That is just the case here, and it would still go further.

[jostorres]

Central banks money printing strategy, public spending all those strategies are costing a lot to us, individuals. Our savings are shrinking due to high inflation all over the world.

I believe bitcoin was designed for this situation. Lets see how will it react.

Inflation is really something else these days, and anyone who doesn’t have one way or the other that they can be able to beat inflation, then they are making a really huge mistake. You can’t just between a simple job, relying on the US dollar every month, and at the same time inflation is increasing.

As time goes on you would say that you have nothing common because prices for everything would have gone up, and life would be quite difficult for you. So, this is why it is good to invest in Bitcoin, because it is moving a different direction from the US dollar, and every other currency there is. While other currencies are losing their value due to inflation, Bitcoin continues to gain more value.

[suzanne5223]

Just checked the live crude oil prices and they are edging up towards the $100 per barrel mark.

You need to check the price again because there's a decline in the price of the Crude oil price at the time of writing this message.

If breached, this will be a very important psychological level. Three digit prices were last seen in 2014.

Are you sure the Crude oil price will maintain the 3 digit price when the FEDs were still planning to print more money and there's still an increase in cases of Covid-19/Omicron?

Now they can't even attempt to replace gasoline-run vehicles with EVs, as Lithium prices have rocketed upwards. EVs are now unaffordable for the vast majority of the population. I won't be surprised if the inflation rate hits double digits later this year.

The inflation definitely increases this year if the government still follows the same old strategy but I think some people also play a role in this issue because they also want to make more profit and this is what I believe that influenced Lithium price skyrocket.

[RealMalatesta]

I am not surprised about this case, because when something becomes a trend and there is a high demand for it, there is also the possibility that the price or the value will increase, higher than it was before. So, lithium has now increased in value and that is because of the demand for it has also increased. Before when there was nothing like EV, and no one really cared much about lithium, the price was low and that was because the demand wasn’t much.

But, since the demand now is getting much and there are lots of companies now jumping on the production of EV, then you should also see the value increase as well to match the level of demand that there is. That is just the case here, and it would still go further.

I believe that this new increase is mainly due to the fact that 2020 and 2021 had a big problem with people going out, which in return meant oil prices dropped, at one point I remember something like negative, like literally pay to hold it let alone can earn from it. So now that we are back on track and now that we are working again and everything is nearly back to normal (even though covid is not done, it is getting better), that resulted with people using more and more oil.

So, oil companies went from "we need to halt all oil production because it worths nothing now!" to "we need to find more oil!!" in a single year, and that resulted with lack of oil, and obviously the price skyrocketed. Eventually the production and the demand will see eye to eye and that is when everything will be normally priced again, will take a while but it will surely happen.