11-11-2021, 05:26 AM
US inflation jumped to 6.2% from a year earlier, the fastest leap since 1990.
<!-- SC_OFF --><div class="md"><p>And that's using busted valuations the remit so many prices to fit the "inflation is transitory" narrative.</p> <p>This is even worse considering the calculations used in the 70's and then the 90's would be closer to 15 and 10% respectively! (back when information wasn't on purposely remitted to make the calculation look better) </p> <p>Costs of literally everything are increasing on a month to month basis, while property values, stocks, bonds, and crypto all seem to be increasing (especially crypto).</p> <p>The larger global market is likely due for a housing crash in the coming year or two as well, with Chinese property companies barely able to scrape up enough liquid cash to pay the interest on the bonds due.</p> <p>I don't see the crypto bull market dropping anytime soon as the global money printing continues to churn at an ever increasing rate.</p> <p>Just a reminder, if you did not receive at least around a 7% wage hike at your business or job, you lost an incredible amount of purchasing power year over year.</p> <p>But don't worry right? "It's transitory" nothing to see here. Do not look at the man behind the curtain.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/shlammyjohnson"> /u/shlammyjohnson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qr00yl/us_inflation_jumped_to_62_from_a_year_earlier_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qr00yl/us_inflation_jumped_to_62_from_a_year_earlier_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>And that's using busted valuations the remit so many prices to fit the "inflation is transitory" narrative.</p> <p>This is even worse considering the calculations used in the 70's and then the 90's would be closer to 15 and 10% respectively! (back when information wasn't on purposely remitted to make the calculation look better) </p> <p>Costs of literally everything are increasing on a month to month basis, while property values, stocks, bonds, and crypto all seem to be increasing (especially crypto).</p> <p>The larger global market is likely due for a housing crash in the coming year or two as well, with Chinese property companies barely able to scrape up enough liquid cash to pay the interest on the bonds due.</p> <p>I don't see the crypto bull market dropping anytime soon as the global money printing continues to churn at an ever increasing rate.</p> <p>Just a reminder, if you did not receive at least around a 7% wage hike at your business or job, you lost an incredible amount of purchasing power year over year.</p> <p>But don't worry right? "It's transitory" nothing to see here. Do not look at the man behind the curtain.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/shlammyjohnson"> /u/shlammyjohnson </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qr00yl/us_inflation_jumped_to_62_from_a_year_earlier_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qr00yl/us_inflation_jumped_to_62_from_a_year_earlier_the/">[comments]</a></span>Kind Regards R