German inflation may spike even higher than previously forecast this month to just under 6%, according to the Bundesbank https://t.co/knsZaH5Chz pic.twitter.com/PBaedKZzCJ
— Bloomberg (@business) November 22, 2021
Fuck…
I’ve seen the original and it sucked enough, I’m not interested in the gritty reboot.
ByJ. Kb
Nov 30, 2021
Isn’t our inflation officially higher than that? I won’t get into the actual inflation rate.
Oh, Happy Hanukkah J.
🎼 Germany was having trouble, what a sad, sad story
Needed a new leader to restore its former glory
Where, Oh where was he? Where could that man be?
We looked around and then we found
The man for you and me… 🎶
Good thing I just found in our new/old house around 14,000 “Papiermark” from 1923 – I have a feeling I can use them soon.
There’s a lot of “transitory” optimism in that graph, with its sharp peak and quick drop “soon”. Good luck with that.
And thus begins the “Five-Year Plan” to restore the economy.
The first of many such “Five-Year Plans”. Chocolate ration increases forthcoming.
Yeah, exactly what is driving the forecast for reduced inflation rate (not reduced inflation, just the rate) at the end of this year? Especially since we have only one month left in the fourth quarter. Are oil prices going down? Nope. Are food prices going down? Nope. With fuel and energy prices going up everything that uses energy or oil to produce, transport raw materials, and distribute final products will continue to go up. At the most optimistic it will take 6 months to a year for the inflation spike (assuming it is a spike) of oil, gas, and electricity to propagate throughout the system.
Last time the inflation in the US started in 1968 after LBJ was trying to fight the Vietnam War and push his Great Society. I was eight, and remember my Father and Uncle talking about it while we were fishing. It really did not end until 1982 in America. Other nations were still fighting it through the entire 1980’s.
That was when the US Debt was still measured in Billions of Dollars and Budget Deficits in Millions of Dollars.
This is like the inverse of the “hockey stick graph” that AGW-supporters use.
No basis in fact, 100% speculation (there’s zero reason to believe that THIS quarter will be the peak and it will fall off after this … or ever), but it supports their agenda, so they treat it as incontrovertible fact.