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dont blame brandon........for this inflationary spiral


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#1 da_cheif

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Posted 10 November 2021 - 09:22 AM

22 years ago
Top Market Timer Don Wolanchuk Calls for Dow Jones 40,000 and $20+ Crude Oil Mar 18, 1999, 00:00 ET from StockHouse Media Corporation
SARASOTA, Fla., March 18 /PRNewswire/ -- In a StockHouse.com feature interview fourteen-time "Timer of the Year" winner (Timer Digest), Don Wolanchuk, announced the current 3rd Fibonacci wave will take the DJIA to 16,600, but that isn't where the DJIA will top out. Wolanchuk claims the Dow could reach between 40,000 and 60,000 by Wave 5. Wave theorist Wolanchuk also told StockHouse.com that Crude Oil will rally to "above $20 a barrel." Said Wolanchuk, "We put on a position and (will) just ride it like a bucking bronco and it's gonna buck back and forth all the way up to above $20." Wolanchuk explained the fundamental reason for a soaring DJIA is that the Chinese and Russian economies will fuel the worldwide explosion of free enterprise, with people emerging from the socialist/communist order and becoming millions of big spending capitalists. Wolanchuk told StockHouse, "With a worldwide economic boom of monster proportions, you're going to have a huge inflationary spiral." Wolanchuk explained the rise in crude oil prices because of the emergence of "gas-guzzler-yuppie-assault vehicles" (SUVs), which will increase demand for gasoline and make it more expensive. StockHouse interviewer, Steve Stathos, commented on the Wolanchuk interview, "If this guy wasn't so right, so often, one would think he was nuts. Wolanchuk is the quintessential contrarian with an impressive track record." View the interview online at stockhouse.com StockHouse Media Corporation is a leading Internet financial media information service company providing breaking news about North American stocks via their Internet publication, StockHouse.com. With nearly one-half million visitors per month, StockHouse has emerged as a leading online global financial-content provider. A subsidiary, StockHouse Canada, is the #1 Canadian financial web site, where an estimated 10% of Canadian online investors conduct investment research. StockHouse maintains offices in the United States, Canada and Australia. CONTACT: Media: Hilary Chiba of StockHouse Media Corporation, 941-365-5719, or hchiba@stockhouse.com.

SOURCE StockHouse Media Corporation



#2 Rogerdodger

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Posted 10 November 2021 - 03:44 PM

"If this guy wasn't so right, so often, one would think he was nuts."

Here-s-Johnny.jpg  Good call Don, But does one exclude the other? Not in my family...

As my brilliant, but crazy aunt used to say:

"I'm not locked up because I am stupid. I'm locked up because I'm crazy."

She was right...and she had a lot of fun when she escaped,,,

 

LOL!


Edited by Rogerdodger, 10 November 2021 - 03:49 PM.


#3 Rogerdodger

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Posted 10 November 2021 - 04:05 PM

As far as inflation, this is the scheme that allows massive borrowing as the much later "re-payment" is made with much less valuable paper.

 

An ounce of gold is not worth as much today at $1,800 as it was in the 1960's @ $35.

 

According to the United States Census Bureau:

"the middle price of a typical home in the United States in 1960 was $11,900 in 1960 dollars.

Today the typical home value of homes in the United States is $308,220.

 

Payable in SILVER no more!

Silver.jpg


Edited by Rogerdodger, 10 November 2021 - 04:05 PM.


#4 Douglas

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Posted 10 November 2021 - 04:51 PM

Rodgerdodger, silver was “real money” in 1960, not gold which you couldn’t legally own. Using silver, that 1960 house cost 11,900 oz, today’s house costs 12,468 oz. That’s pretty close to the same. The problem is lugging around that 779 pounds of metal would be a real pain. In 1960 I could have moved it in three trips, now it would take a couple of dozen.

Regards,
Douglas

#5 pdx5

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Posted 10 November 2021 - 08:05 PM

As far as inflation, this is the scheme that allows massive borrowing as the much later "re-payment" is made with much less valuable paper.

 

An ounce of gold is not worth as much today at $1,800 as it was in the 1960's @ $35.

 

According to the United States Census Bureau:

"the middle price of a typical home in the United States in 1960 was $11,900 in 1960 dollars.

Today the typical home value of homes in the United States is $308,220.

 

Payable in SILVER no more!

Silver.jpg

 

The houses today are bigger, have more amenities, and even look better.
I should know since I bought my first house in 1969 and the most recent in 2019.

No comparison! Comparing apples and oranges can lead to false conclusions.
 


Edited by pdx5, 10 November 2021 - 08:06 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 da_cheif

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Posted 10 November 2021 - 09:04 PM

inflation comes with economic strength deflation comes with economic weakness    inflation is making going into debt a special thing to do.......if ur allready in a mode of crushing debt,...inflation is ur friend....in 1964 i had a hard time making my 111 mo  house payment    .....inflation came to the rescue



#7 linrom1

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Posted 10 November 2021 - 09:10 PM

inflation comes with economic strength deflation comes with economic weakness    inflation is making going into debt a special thing to do.......if ur allready in a mode of crushing debt,...inflation is ur friend....in 1964 i had a hard time making my 111 mo  house payment    .....inflation came to the rescue

Apples and oranges. In 1960s and 1970s US had no debt. Today debt is growing exponentially.



#8 Rogerdodger

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Posted 10 November 2021 - 09:49 PM

Steve Hanke, professor of applied economics at Johns Hopkins University, discusses with David Lin, anchor for Kitco News, the implications for investors of higher inflation.

“[Inflation] could go higher and the main thing is persistence. This talk we have, it’s all political nonsense…they’re talking about inflation being temporary, and it’s a supply chain problem. This is just utter rubbish. The CPI and inflation are driven by the money supply growth,” Hanke said. “And, we’ve had a massive amount of excess money created by the Fed since the Coronavirus pandemic hit.”

 



#9 Rogerdodger

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Posted 11 November 2021 - 12:44 AM

The real reason inflation is transitory - Tim Ghriskey on 'technological deflation'

 

Headline CPI inflation surged to 6.2% in October, the highest level since 1990. However, prices are unlikely to stay elevated forever, as technological innovations will create a more cost-efficient economy, said Tim Ghriskey, senior portfolio strategist at Ingalls and Snyder.

"We're in this technological revolution. I think it’s greater than the industrial revolution from over a century ago. The innovation continues, and we’re going to just continue to see costs come out of companies, and companies being run more efficiently,” Ghriskey told David Lin, anchor for Kitco News. “I think that technological deflationary factor is huge and going to continue.”

On gold, Ghriskey calls it the “anti-investment.”

“It’s a fear investment. When you think everything is going to fall apart is when you put money into gold. There are people that hold it forever. I have a hard time believing that that’s really a good thing, because if we’re in Armageddon and you take your hunk of gold out to a farm and I’d like to give you this for a bunch of your crops, I’m not sure farmers would make that trade,” he said.


Edited by Rogerdodger, 11 November 2021 - 12:45 AM.


#10 12SPX

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Posted 11 November 2021 - 09:23 AM

It will stabilize at these levels but I don't see it going away anytime soon.  Business's are already running tight inventory levels!  I remembered when inventory levels were an indicator that told us how well the economy was doing.  Now you buy something at a store and when its scanned it goes straight to the warehouse to get a new one on a truck.