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The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans

 
Don Draper from Nantucket
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06/11/2021 11:33 AM

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The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
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For the past several months we have warned about the pernicious effects soaring prices are having on both corporations ("Buckle Up! Inflation Is Here!") and consumers (""This Is Not Transitory": Hyperinflation Fears Are Soaring Across America"), prompting even otherwise boring sellside research to get (hyper) exciting, with Deutsche Bank (which warned this week that "Inflation Is About To Explode "Leaving Global Economies Sitting On A Time Bomb"") and Bank of America (which "Just Threw Up All Over The Fed's "Transitory" Argument") now openly claiming that the Fed is wrong, and the US is facing an unprecedented period of far higher, non-transitory inflation, with DB going so far as to warn "policymakers will face the most challenging years since the Volcker/Reagan period in the 1980s."

But none of this has spooked the Fed into conceding - or believing - that inflation is anything more than transitory. And maybe just this once, the Fed has a point because all else equal, by which we mean lack of rising wages, the best cure to higher prices is, well... higher prices.

Presenting Exhibit A: two weeks ago, we observed that anticipating an end to Biden's stimmy bonanza end and that soon they will have to live again within their means, Americans' buying intentions (6 months from today) as measured by the Conference Board, had cratered across the 3 major spending categories: homes, automobiles and major household appliances.
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Don Draper from Nantucket  (OP)

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06/11/2021 11:36 AM

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Re: The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
"One thing is certain: six months from today, the US economy will be far, far uglier."
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Gray Man

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06/11/2021 11:42 AM
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Re: The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
bump
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Anonymous Coward
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06/11/2021 11:46 AM
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Re: The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
Fear of inflation is a reason to buy stuff now and not delay it.

Items obtained now can be sold for more later and is a hedge against inflation. Cash on hand is a depreciating asset.
Don Draper from Nantucket  (OP)

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06/11/2021 02:50 PM

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Re: The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
 Quoting: Anonymous Coward 78767952


Yeah I can't argue with that!
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Catalyst4Thought

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06/11/2021 03:04 PM
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Re: The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
"One thing is certain: six months from today, the US economy will be far, far uglier."
 Quoting: Don Draper from Nantucket


bump and 5* for being the first real thread I've seen actually talking about this.








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06/11/2021 03:05 PM
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Re: The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
"One thing is certain: six months from today, the US economy will be far, far uglier."
 Quoting: Don Draper from Nantucket


bump
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Don Draper from Nantucket  (OP)

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06/11/2021 06:31 PM

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Re: The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
"One thing is certain: six months from today, the US economy will be far, far uglier."
 Quoting: Don Draper from Nantucket


bump and 5* for being the first real thread I've seen actually talking about this.








 Quoting: Catalyst4Thought


rockon
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06/11/2021 07:04 PM
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Re: The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans
I noticed liberals are becoming less outspoken now that they realized they fucked themselves in the ass with a steel wool braided condom by electing Biden.





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