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Author Topic:   Deflation And Hyperinflation. Could It Happen Here?
Percy
Member
Posts: 20108
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.3


(1)
Message 8 of 33 (884327)
02-11-2021 10:31 AM
Reply to: Message 1 by Phat
02-04-2021 3:41 PM


Phat writes:

How you all see it as life as usual, I see as an apocalyptic scenario. Why is that? Am I that smart or am I that delusional? Or are you?

You've just introduced yourself as a topic of discussion. I won't comment on how smart you are, but we who have come to know you know that you're not analytical, rarely synthesizing a set of facts into a rational conclusion. Ideas either make sense to you or they don't, independent of reality.

jar claims that I listen to shills and quacks...con men all. I say he doesn't see the handwriting on the wall.

What you say is not a rebuttal to Jar's claim. The two are independent. You do tend to latch on to ideas insufficiently grounded in reality, and today it's the possibility of hyperinflation. You've provided a bare link, merely stating a position without explanation or evidence.

The author of your article never states how much inflation constitutes hyperinflation, but Investopedia says that it's 50% inflation per month or more, which is 13,000% annual inflation. Venezuela is described as experiencing hyperinflation. Its inflationary rate in 2018 was 1,698,488%.

Now that I've quantified it, do you still want to argue for hyperinflation as a likely scenario in the US? Perhaps you'd like to argue for something less apocalyptic, like rising inflation in the coming years reaching 10% or 20%?

--Percy


This message is a reply to:
 Message 1 by Phat, posted 02-04-2021 3:41 PM Phat has responded

Replies to this message:
 Message 20 by Phat, posted 02-14-2021 2:36 PM Percy has acknowledged this reply

  
Percy
Member
Posts: 20108
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.3


(3)
Message 13 of 33 (884340)
02-12-2021 11:44 AM
Reply to: Message 11 by Phat
02-12-2021 7:47 AM


Re: Financial Charlatans & Religious Charletans
Phat writes:

The slogan, rather than "Make America Great Again" should be more along the lines of "Make America Great. For Once!

It's bad form to suggest this even in jest. It encourages jingoism and xenophobia, foundations of the current paranoia about China. China's population is 4.26 times greater than ours. They only need per capita GDP to be about 25% as great as ours to become the world's largest economy. Their economy is already 2/3 as large as ours. That Chinese GDP will exceed ours soon is inevitable, as inevitable as it was that the US would exceed Great Britain during the 1800s (around 1860 in size and around 1890 in per capita terms).

Better and more informed perspectives are called for. The US should be placed in the context of the whole world. The country's goal, however expressed in a slogan, should be economic opportunity, justice, fairness and healthcare for all.

Don't abandon your topic, which mentions both deflation and hyperinflation. You say little about deflation, but that possibility seems very real given how close to zero interest rates are, and given that the economy won't be mostly free of virus constraints for perhaps another six months.

And are you still including hyperinflation as a realistic possibility, defined as inflation exceeding 13,000% annually?

--Percy


This message is a reply to:
 Message 11 by Phat, posted 02-12-2021 7:47 AM Phat has responded

Replies to this message:
 Message 14 by jar, posted 02-12-2021 3:16 PM Percy has acknowledged this reply
 Message 25 by Phat, posted 02-22-2021 1:45 PM Percy has responded

  
Percy
Member
Posts: 20108
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.3


(4)
Message 30 of 33 (884550)
02-24-2021 9:57 AM
Reply to: Message 25 by Phat
02-22-2021 1:45 PM


Re: Financial Charlatans & Religious Charlatans
I'm not going to watch your video. Make your argument in your own words. If you can't even articulate and defend your position yourself, how good could your judgment be for selecting videos that you think do it for you?

Use your words. Your own words. Until you understand your position well enough to do that you shouldn't be advocating for it.

--Percy


This message is a reply to:
 Message 25 by Phat, posted 02-22-2021 1:45 PM Phat has not yet responded

  
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