Inflation rates are coming down (disinflation). But make no mistake: the monetary system (fiat) needs a fast reflation like the central planners as well to keep their cantillon scheme alive. It could play out like it did back in the 70s.
10 sats \ 1 reply \ @kytt 26 Dec 2023
Or Weimar.
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0 sats \ 0 replies \ @TomK OP 26 Dec 2023
Yes. A deflationary bust is possible, too. But global CB liquidity is rising, states are pumping new debt. I guess the deflationary chaos could follow later on. Next cycle
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21 sats \ 1 reply \ @028409ff49 26 Dec 2023 freebie
Does anyone still believe iNfLaTiOn figures?
A basket of goods deliberately selected by the gubberment.
"a metric that provides information on the price of products whose qualities are continually deteriorating"
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0 sats \ 0 replies \ @TomK OP 26 Dec 2023
These are the data we have to deal with. And its ''disinflation''. So prices still rising. That it's manipulated simply has no importance for the markets.
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0 sats \ 0 replies \ @jeroldabnercollins5m 26 Dec 2023
The decrease in inflation rates is a positive sign, but we should be aware that the monetary system requires a swift reflation to maintain its stability. The central planners may need to take action to ensure the longevity of the cantillon scheme, similar to how it unfolded in the 70s.
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0 sats \ 1 reply \ @shado_op 26 Dec 2023
Economically, late 70's to early 80's were tough times.
In the UK, people were spending about 70% take home pay on their mortgage alone!
Everyone was broke.
But, history rhymes, as they say ...
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15 sats \ 0 replies \ @TomK OP 26 Dec 2023
You are describing the actual life of many Europeans
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0 sats \ 0 replies \ @yongterrydoylen2owh7 26 Dec 2023 outlawed
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