Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
“It was just a mistake and we’re paying for it, and you just have to let it get through the system and don’t repeat the error,” said Doug Holtz-Eakin, who was an economic adviser to President George W. Bush...been a rash of mistakes since then, more to come.
White House officials acknowledged that the March law, known as the American Rescue Plan, MAY have contributed to rising prices, a possibility they said they were aware of before it passed.
There are multiple causes for surging inflation. The Delta variant (and of course we have a newer and more grotesque variant in S Africa, and predictably more to follow, UK to hut borders, Australian politicians in denial, and you can imagine what is going to happen....) has prolonged pandemic disruptions that the White House and many economists had expected to ease. Overseas factories and ports shut down, limiting the supply of goods when Americans had money to spend. Meanwhile, many Americans were reluctant to return to jobs and others had lingering child-care constraints, causing labor shortages.
Extremely low interest rates, reflecting Federal Reserve policy, and multiple rounds of government stimulus are contributing to booming demand for goods. Strong demand and limited supply are a recipe for inflation.
In March, as part of a plan crafted on the 2020 campaign trail to prevent a repeat of the 2009 recession, Mr. Biden signed into law a $1.9 trillion coronavirus-relief bill that included $1,400 checks to many Americans, an extension of a $300 weekly jobless-aid supplement, and a one-year expansion of the child tax credit that provides periodic payments for many households.
And we are heading into recovery mode. LOL gimme a break
the gnome
Hi MrGnome, the US has never bothered really try to understand why the Twin Towers were attacked in the first place, or that it could possibly be in any way due to long standing frustrations directly related to American foreign policy and manipulation of the worlds markets other nations economies.
No instead the US behaved in its usual manner of a military invasion of another country and told lies to its allies to get them involved, as usual the US campaign was a waste of lives and money for all concerned until the lunatic Trump decided to pull out and leave the messes of fleeing migrants for its allies UK & Europe to deal with.
thanks Mr T
Its not as if the US hasnt been told about the shorticominngs of their foreign policy..several times, in several languages ...
but they keep repeating the same set of actions, thinking there will be a different result ....
https://www.amazon.com/Dismantling-Empire-Americas-American-Project/dp/0805093036
best
the gnome
Interesting appointment to VP Fed, make me wonder what happens when inflation goes up significantly and interest rates dont ...
"President Biden’s decision to nominate Lael Brainard to become Federal Reserve vice chairwoman elevates a veteran policy maker and economist who has been a strong ally of Chairman Jerome Powell on the central bank’s boldest policy decisions during the pandemic.
Ms. Brainard was a key adviser to Mr. Powell as the Fed scaled up emergency-lending backstops last year, and she provided influential intellectual support for his effort last year to revamp the Fed’s policy-setting framework. Under the new framework, the Fed set aside its practice of raising rates to pre-empt inflationary pressures and pledged to keep interest rates low to foster a faster and broader labor-market recovery."
Might need some additionall real world support, rather than the intellectual stuff?
Tip? Get into real assets quick
the gnome
One of the fringe benefits about living in the intellectual (central banks) world is that you dont have to worry about reality? The real world is just too tough/complex, so we make it simple, then derive even simpler models, then make predictions, and then become amazed when the predictions from the simple models don't predict reality... Really?
We introduce definitions, assumptions and verbage. Core inflation and Non Core inflation.
And where is the inflation that hits your pocket ? ...> in both core and non core? So the point of the distinction is what?
The annual rate of inflation in the United States hit 6.2% in October 2021, the highest in more than three decades, as measured by the Consumer Price Index (CPI)
Brisk demand for goods, disrupted supply chains, temporary shortages and a rebound in travel have pushed 12-month inflation to its highest readings in decades. Core inflation, which excludes volatile food and energy prices, rose 4.1% in October from a year earlier, according to the Fed’s preferred gauge. WHAT WAS THAT ABOUT A 2 % PER YEAR TARGET? AND THE SOUTH AFRICA VARIANT AND ALL OF THE OTHER VARIANTS YET TO EMERGE ARE COMING AND WHAT EFFECT DOES THE MODELLING SHOW FOR THESE "UNSEEN DEVELOPMENTS", ... AS PREDICTED BY THE LAWS OF REALITY. VIRUSES MUTATE- CONTINUALLY?
If you cannot engineer inflation down, then at leat you can redefine it, and talk it down...
TIP. REAL WORLD, REAL ASSETS, VERY SOON .... GOLD IS NOT A BAD PLACE TO BE FOR ME .
all from the southern colonies
the gold gnome
PS. So much is sacrificed in the name of trying to manage volatility (think derivative industry)