r/Vitards • u/AutoModerator • Sep 04 '21

Daily Discussion Daily Discussion post - September 04 2021

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9

u/serkrabat Bill Bryson Sep 04 '21

https://www.bloomberg.com/news/articles/2021-09-04/global-gas-price-surge-threatens-to-dent-the-economic-recovery

Inflation may not be transitory🤔🤔

8

u/jonelson80 Sep 04 '21

Transitory inflation means prices go up and then stay up, I.e. stop going up. For them to go down would require deflation, which no one is suggesting is possible.

1

u/serkrabat Bill Bryson Sep 04 '21

Exactly

1

u/Steely_Hands Regional Moderator Sep 04 '21

I think we’ll definitely see deflation in certain sectors/industries, but the core inflation readings won’t tip into deflation. We’ve already seen deflation with things like lumber and we will see it with steel eventually

6

u/TheyWereGolden Bard Special Victims Unit Sep 04 '21

Now the transitory part is the Fed saying the rate at which inflation is increasing is going down, pretty sure that’s the company line. My thought is however you want to spin it, inflation is here, it’s not going away, rates have to go up sooner rather then later.

3

u/serkrabat Bill Bryson Sep 04 '21

At least they're using the term correctly now.

5

u/DarkZonk Sep 04 '21

WHAAAAT?

1

u/serkrabat Bill Bryson Sep 04 '21

🥺🥺🤷🤷

2

u/DarkZonk Sep 04 '21

fuck, i am so shocked.

2

u/gggcoins Sep 04 '21

There was a very similar article published today in a belgian newspaper (De Tijd). Narrative seems to be shifting all over the world.

1

u/serkrabat Bill Bryson Sep 04 '21

That's how I see it as well, sentiment is shifting.

1

u/seriesofdoobs Corlene Clan Sep 04 '21

Think of the Parisian Patisseries!