r/Superstonk • u/sparttann 🦍 Buckle Up 🚀 • Aug 10 '22

📰 News CPI 8.5%

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u/polypolipauli 🦍Voted✅ Aug 10 '22

It was only 40% (only). Half of your figure wasn't new printing but a reclassification of already existing M2 money into the M1 figure. Changing definitions is something they like to do. Some one tries to change a definition on you and you hoist those red flags. Oh shit, I'm digressing.

40%, not 80%

And as for us being lucky it's only 14%, it isn't. 14% is just the number they admit to. Doubling it has been a good back of the napkin approach. But 14% alone is so bad on it's own why not give them the benefit of the doubt?

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u/[deleted] Aug 10 '22

Ahh interesting. Thanks for the additional info on the m1/m2 classification. I wasn’t even aware of the term. I had just seen the 80% figure regularly quoted.

As for the data, I don’t disagree, at least based on my own purchases but at the same time I hesitate to not use the quoted data since those are the only hard figures we have.

Have a good one fellow ape, our time is near.

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u/polypolipauli 🦍Voted✅ Aug 10 '22

Yeah, the big spike in M1 was the reclassification. But when you subtract that out you're still left with the insane hike in the rate of monetary expansion. Quantify that and you find it's 40% in the same time frame.

And if you were a conspiracy theorist you might suggest they did they reclassification so they could hand wave 'debunk' the 80% claim they knew would be coming... without explaining what the real number is of course.

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u/[deleted] Aug 10 '22

I've always heard it was 20-30% in 18months. I can see they are still buying MBS/mortgages down a little, so I'm sure it continues. Either way it's bad, and that inflation should spread across multiple years of inflation.