I watch this guys' videos and usually he's pretty spot on. But now he's saying hyperinflation this, hyperinflation that. Do most people simply not understand that hyperinflation is by definition, a MINIMUM of 50% inflation MONTH OVER MONTH?

https://www.youtube.com/watch?v=0KqsK831Pkg

Watched a few minutes, couldn’t watch more

Think his take is terrible

The fed is literally choosing recession over inflation, which can be argued is better longterm

And in no circumstance do we want “deflation” , his alternative to inflation

It pisses me off because videos like this stress me out.

Then I realize hyperinflation is 50% month over month and I'm like.. where are these people coming up with this? We're nowhere close to hyperinflation.

This post was edited by tugofpeace on Oct 15 2024 07:19pm

No hyperinflation is nothing close to reality

We are at basically right at average inflation levels right now , slightly up, but in relation to fed funds rate TIGHT not LOOSE

This post was edited by Bazi on Oct 15 2024 07:26pm

Hi my friend, I believe you forgot to factor human greed. People will always accumulate and their greed will always supersede money supply. Also crypto is now becoming mainstream and will act as a deflationary aspect of the entire market.

Also if this is actually true, then you better start gardening because no one will have money to buy food ran by robots.

This post was edited by ElideN on Oct 17 2024 02:39pm

you about to seeeee some shit. Perfect storm in the works and its already happening..

Care to explain?

“Hyperinflation” is just hyperbole, for the clicks.. but he’s right. Inflation is going to get worse. Trump will continue to push for rate cuts, as well as tax cuts. This is a recipe for money printing. Government spending is out of control, and they will borrow more.. as they always do.



What recession? The fed acts hawkish, but behave like doves.

What recession indeed. I didn’t say we are in one. I said that is the Feds preferred outcome (mild recession) vs prolonged inflation. We were too tight then, and still remain too tight

I agree current situation is much different then 10/24 as the current administration is going to be highly inflationary. The plan is going to be, imo, to inflate gdp as the major weapon against debt problem.

With that said, I still believe we are too tight. Currently sitting around 2.9%. The 2% goal is a myth and just talk, America has usually been around the 3% mark which we are currently at. Fed funds is still 4.25-4.5%. This fed is fairly transparent and is going to remain on hawkish side. Even 50 basis points of cuts this year (current forecast) imo is still too tight. Fed and admin aren’t on the same page and I think fed would force a recession before having an inflation respike - which I think is the correct approach.

We are not far off on our thinking. I agree this is the correct approach, but disagree that the fed wants or will allow it. The fed doesn’t actually care about inflation that much. They care more about jobs. If unemployment rate is too low, the fed will tighten. If unemployment rate is too high, they will loosen. Ultimately, this is done in order to keep production high and globally competitive. Inflation is a secondary concern, and is preferred by many. The government always pushes for more inflation.