BULLISH: new SD MLS listings down 20.8% YoY; July CPI-U inflation is 0%

User Forum Topic
Submitted by gzz on August 10, 2022 - 5:29pm

Submitted by sdrealtor on August 10, 2022 - 6:02pm.

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.

Submitted by gzz on August 12, 2022 - 1:45pm.

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.

Submitted by an on August 12, 2022 - 2:16pm.

gzz wrote:
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.


If you consider over a year as transitory, then I guess all inflations and deflations are transitory. Since it always stop eventually.

Submitted by gzz on August 12, 2022 - 2:50pm.

Also 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.

Submitted by an on August 12, 2022 - 11:21pm.

https://www.thebalance.com/u-s-inflation...

Here'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.

Submitted by The-Shoveler on August 13, 2022 - 9:02am.

Life is Transitory .

Just kidding LOL

Submitted by gzz on August 13, 2022 - 11:01am.

I 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 Now

Probably will start with the mid 80s today.

Submitted by flyer on August 13, 2022 - 5:54pm.

Agree, 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!

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.