Did I say money printing didn't cause inflation? No, I didn't, numbnuts. It still doesn't change the fact that lumber prices are a result of supply chain bottlenecks. You want to point the finger to trillions printed, assign the blame to the right presidency at least: https://www.cnbc.com/2018/09/11/tru...lower-the-national-debt-woodward-reports.html Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book "Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council. https://www.thedailybeast.com/trump-on-coming-debt-crisis-i-wont-be-here-when-it-blows-up Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.
1) Goes straight to 13-year old ad hominem with "numb nuts." Of course this is ironic coming from someone with both an IQ and testosterone level at comfortable, double-digit room temperature numbers. 2) Sources a joke of a leftist site (Daily Beast) along with typical legacy media 3) Completely misses the point that Biden is on an even bigger spending spree, even according to your beloved and ridiculously biased sources. How about actual participating in trading and learning some entrepreneurial activity, Here4GovernmentMoney? You may actually appreciate lower taxer and less reckless spending.
Ha ha! No, don't look at inflation, it's cuz of uh, uh, yeah - suppLy chAiN iSSueS! Across the board, affecting all commodities. NY Times run cover for left much? Nah.
I'm putting in vert calls on long-term futures (like 4-5 years out). Or straight up calls. Oil, for sure. Cattle, (cheapish). Gold. Looking at corn / wheat. Not a lot of $$, but it seems like a decent hedge against raging inflation. And, yeah, I think it's highly likely because: Lockdowns wrecked supply putting ever-body outta work AND cash payments pumped demand. Recipe for Inflation: Increase Demand (money printing and distribution to consumers) Decrease Supply (destroy productive jobs) Won't be my main trade, but it's in my 'folio, babay!
This administration has put much needed money on the demand side of the economy. This can cause substantial inflation as demand side money gets spent on its way to being redistributed, i.e., trickles up, to the Capital Class. This could have been nicely avoided by just giving the money directly to the Capital Class, as the Trump Administration so cleverly did. We will see how adeptly the Biden administration handles inflation by taking measure to boost supply. We had better hope only executive action plus fiscal measures that can pass with only 51 votes via reconciliation will be needed. Republicans have vowed to shut down all legislation they possibly can, and do their best to ruin what they can't stop. The only way any really good and sorely needed bills will pass, at least until January of 2023, is if by some miracle Joe Manchin changes his mind and will allow reform of the filibuster. The Democrats best hope right now is the 2022 election when a number of Republican Senate seats will be up. In the meantime we might as well get used to dysfunctional government with only one House operating. And there is no guarantee things will be better in 2023! Normally, tax increases -- a tool not available to the Fed -- are the quickest and most efficient way to battle inflation, but managing supply increases is a better way to go. But the Biden Administration's tax hikes are aimed at upper incomes and corporations, and this is less effective than a middle class hike as far as fighting inflation goes. (Upper income and corporate hikes would be very useful long term in other ways.) The Fed can raise rates, but until rates become draconian that's not much help either. Higher rates would put a scare into the markets which would be of some help at least (people would feel less rich.)