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August 10, 2022 at 5:29 PM #23218August 10, 2022 at 6:02 PM #826535sdrealtorParticipant
Thats not bullish because sales are down much more. Its a buyer v seller stalemate market adjusting to the remove the low rate/low inventory gains that IMO were ill gotten this year. Ive been writing about it for months.
August 12, 2022 at 1:45 PM #826563gzzParticipantPPI: negative in July
Inflation is TRANSITORY, except maybe rents and certain commodities where supply is physically restricted.
Rents and energy share something else in common: hostile government regulation is driving down investment in new supply.
August 12, 2022 at 2:16 PM #826564anParticipant[quote=gzz]PPI: negative in July
Inflation is TRANSITORY, except maybe rents and certain commodities where supply is physically restricted.
Rents and energy share something else in common: hostile government regulation is driving down investment in new supply.[/quote]
If you consider over a year as transitory, then I guess all inflations and deflations are transitory. Since it always stop eventually.August 12, 2022 at 2:50 PM #826565gzzParticipantAlso negative in July are import prices.
Consumer inflation expectations also plunged in July’s NY Fed survey, single biggest decline in the history of the series.
Two years of elevated inflation is certainly transitory compared to prior inflationary episodes.
August 12, 2022 at 11:21 PM #826566anParticipantHere’s the historical data. By your logic, the great depression was also transitory. Stagflation in the 70s lasted for only 5 years, so I guess that was transitory too.
August 13, 2022 at 9:02 AM #826567The-ShovelerParticipantLife is Transitory .
Just kidding LOL
August 13, 2022 at 11:01 AM #826568gzzParticipantI had an inflationary playlist jamming yesterday on my elliptical
Gordon Lightfoot – Sundown
Donna Summer – I Feel Love
Kansas – Carry On My Wayward Son
Madeleine Kane – Feels Like I’m in Love
Thelma Houston – Don’t Leave Me This Way
The Cure – A Forest
The Jacksons – Walk Right NowProbably will start with the mid 80s today.
August 13, 2022 at 5:54 PM #826569flyerParticipantAgree, life is definitely transitory for everyone whether they like it or not. Another reason to live the life you really want to live everyday, because no on really knows how long they’ll be here–so enjoy now!
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