Might want to stock up.....for after the Holiday's.

[MGHS]

Business groups ask White House to delay Biden Covid vaccine mandate until after the holidays

White House officials at the OMB are meeting with industry lobbyists this week as the administration conducts its final review of the mandate.

www.cnbc.com

It's sort of funny that they just want to push it off until after the Christmas....then deal with it afterwards.

A record 4.3 million workers quit their jobs in August, led by food and retail industries

Job openings declined sharply in August while hiring also fell and the level of workers quitting their jobs hit the highest level since at least late 2000.

www.cnbc.com

Hyperinflation coming???

Twitter founder warns 'hyperinflation' will strike in America soon

Many of his 5.8million followers quickly responded to Dorsey for more information, and in responding to one person, he said: 'It will happen in the US soon, and so the world.'

www.dailymail.co.uk

Yellen seems like a True economic leader.....insert eye roll. Clearly trying to pacify the masses not to panic.

 

[r14veer]

Business groups ask White House to delay Biden Covid vaccine mandate until after the holidays

White House officials at the OMB are meeting with industry lobbyists this week as the administration conducts its final review of the mandate.

www.cnbc.com

It's sort of funny that they just want to push it off until after the Christmas....then deal with it afterwards.

A record 4.3 million workers quit their jobs in August, led by food and retail industries

Job openings declined sharply in August while hiring also fell and the level of workers quitting their jobs hit the highest level since at least late 2000.

www.cnbc.com

Hyperinflation coming???

Twitter founder warns 'hyperinflation' will strike in America soon

Many of his 5.8million followers quickly responded to Dorsey for more information, and in responding to one person, he said: 'It will happen in the US soon, and so the world.'

www.dailymail.co.uk

Yellen seems like a True economic leader.....insert eye roll. Clearly trying to pacify the masses not to panic.

If hyper-inflation is going to happen, it will be because of fears that it will happen. A complete self-fulfilling prophecy. There are some market factors, obviously, but inflationary psychology cannot be discounted as a major factor.

Inflationary psychology: https://www.investopedia.com/terms/i/inflationarypsychology.asp

 

[Veer2Eternity]

Business groups ask White House to delay Biden Covid vaccine mandate until after the holidays

White House officials at the OMB are meeting with industry lobbyists this week as the administration conducts its final review of the mandate.

www.cnbc.com

It's sort of funny that they just want to push it off until after the Christmas....then deal with it afterwards.

A record 4.3 million workers quit their jobs in August, led by food and retail industries

Job openings declined sharply in August while hiring also fell and the level of workers quitting their jobs hit the highest level since at least late 2000.

www.cnbc.com

Hyperinflation coming???

Twitter founder warns 'hyperinflation' will strike in America soon

Many of his 5.8million followers quickly responded to Dorsey for more information, and in responding to one person, he said: 'It will happen in the US soon, and so the world.'

www.dailymail.co.uk

Yellen seems like a True economic leader.....insert eye roll. Clearly trying to pacify the masses not to panic.

thanks top

 

[MGHS]

If hyper-inflation is going to happen, it will be because of fears that it will happen. A complete self-fulfilling prophecy. There are some market factors, obviously, but inflationary psychology cannot be discounted as a major factor.

Inflationary psychology: https://www.investopedia.com/terms/i/inflationarypsychology.asp

I thought that was a given that demand do to consumer wants out stripped the supply was a contributor to hyper inflation. Although the disrupted supply chain, mandates forcing workers out, and the ability not to work cannot be discounted in this current situation.

Those factors clearly are the catalyst that brought on larger than normal price increases at a abnormally quick rate....the reaction of course is a bit of fear and panic, even made worse with the lack of confidence in the current leadership on the economy.

Then the psychological factors kick into over drive when people perceive something outside the Norm in their everyday lives. There still has to be a flash point to set off hyper inflation. A random increase in a product here or there won't do it...but quick increases across the board and shortages will fast track those natural responses.

Now if the current administration had the confidence of the masses then this would be a short term issue.......but they don't

Biden's support is fading as concerns over the economy and Covid grow, CNBC survey finds

Just 41% of the public approve of Biden's handling of the presidency, compared with 52% who disapprove.

www.cnbc.com

So this issue could linger for the Rest of his term and even longer, as the fracture between the Red and Blue get's bigger.

One of the biggest factors IMO is The large and fast increase of Gas prices that has put many a common folk into panic mode. This easily visible sign of the economy lit up at every corner convenience store really drives that point home on a daily bases that the economy and the price of products is going to be outrageous and a burden.

So yes your point is valid but I don't know if it's the main catalyst that starts Hyper inflation, people don't panic when the price of Green Army men, hard rock candy and Sweet Tarts go up in a big manner it takes a across the board situation IMO to fan the flames.....Small sample size: My GF saw that gas had risen to 3.14/3.19 a gallon while I was driving her to work. When I took her home this evening she had 6-8 bags of Grocery's sitting on her porch. A lot of staples....Rice/Beans/Sugar etc. I joked Prepping much. Her response is that she wasn't a dummy when Fuel increased so did everything, better to buy now than later.

 

[r14veer]

I thought that was a given that demand do to consumer wants out stripped the supply was a contributor to hyper inflation. Although the disrupted supply chain, mandates forcing workers out, and the ability not to work cannot be discounted in this current situation.

Those factors clearly are the catalyst that brought on larger than normal price increases at a abnormally quick rate....the reaction of course is a bit of fear and panic, even made worse with the lack of confidence in the current leadership on the economy.

Then the psychological factors kick into over drive when people perceive something outside the Norm in their everyday lives. There still has to be a flash point to set off hyper inflation. A random increase in a product here or there won't do it...but quick increases across the board and shortages will fast track those natural responses.

Now if the current administration had the confidence of the masses then this would be a short term issue.......but they don't

Biden's support is fading as concerns over the economy and Covid grow, CNBC survey finds

Just 41% of the public approve of Biden's handling of the presidency, compared with 52% who disapprove.

www.cnbc.com

So this issue could linger for the Rest of his term and even longer, as the fracture between the Red and Blue get's bigger.

One of the biggest factors IMO is The large and fast increase of Gas prices that has put many a common folk into panic mode. This easily visible sign of the economy lit up at every corner convenience store really drives that point home on a daily bases that the economy and the price of products is going to be outrageous and a burden.

So yes your point is valid but I don't know if it's the main catalyst that starts Hyper inflation, people don't panic when the price of Green Army men, hard rock candy and Sweet Tarts go up in a big manner it takes a across the board situation IMO to fan the flames.....Small sample size: My GF saw that gas had risen to 3.14/3.19 a gallon while I was driving her to work. When I took her home this evening she had 6-8 bags of Grocery's sitting on her porch. A lot of staples....Rice/Beans/Sugar etc. I joked Prepping much. Her response is that she wasn't a dummy when Fuel increased so did everything, better to buy now than later.

It is that exact attitude of "better buy now" that fuels it. Speaking of gas prices and "buy now," as I'm sure you recall, there was no material market shortage of fuel on September 11, 2001, yet consumer panic caused gas prices to go from $1.00 a gallon (or less) to $4.00 a gallon (or more) in a few hours and then that run on the gas station caused a shortage at many gas stations. That is just one particular commodity; now imagine if we're being told that many commodities are going to be scarce. Whether they actually are or aren't scarce is immaterial; inflation (micro or macro) will follow regardless. When there is actual material scarcity, yes, there will be inflation, but my point is that even if there isn't actual material scarcity, there will also be inflation if the prospect of scarcity is stoked...in particular by those who stand to profit.

 

[MGHS]

I think we agree on the basic's of hyper inflation, but I do believe we have some legit scarcity on some things that is driving the panic. I know a few Truckers and People who own Restaurants and Convenience stores who told be months ago that they was having hard time getting supplies on a regular bases. Eventually the lack of items will create a natural increase in price and that will start a chain reaction of hyper inflation. But again it is started by a real scarcity of multiple items over a duration of time.

Without a doubt the Dock and their issues coupled with the Trucking woes has crippled the supply chain and has created a slow down in the availability of certain things. This is what has stoked the panic as much as those who stand to make a profit.

I agree you can stoke hyper inflation without scarcity just the threat of it....but in this case the scarcity started the panic IMO.