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oldtimer

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Posts posted by oldtimer

  1. 6 hours ago, Tom05 said:

    Regardless of the origin of our current inflation, higher interest rates will reduce the amount of money that is chasing a limited supply of goods and services . The law of supply and demand is a stubborn reality. As interest rates rise the demand for most goods will moderate and their will be a reduced   ability to charge higher prices , competitive forces will start working again. Raising rates is a tough pill to swallow and its a delicate balancing act , but necessary right now . 

    Do you really think grocery prices will come down as a result of monetary policy?  People will always need to eat.

    • Like 2
  2. I'm tending towards the Jeremy Siegel analysis:

    Wharton professor Jeremy Siegel says Jerome Powell is making one of the biggest policy mistakes in the Fed's 110-year history, and it could lead to a major recession (msn.com)

     

    Plus, rate hikes will not bring grocery prices down.  Food inflation as far as I can tell is not primarily a monetary phenomenon, but a supply chain production/untimely weather problem.  

    Question:  If inflation is so bad right now, why are gold and silver prices going down?  That is not the usual response in commodity markets.

    • Like 3
  3. 1 hour ago, Jeff Matthews said:

    At least proponents agree that it has value because people ascribe value to it.  The same argument is s made concerning gold.

     

    So, the real question is which asset is more likely to suffer loss of faith?

    Gold does have some practical uses, plus decorative uses.  Comparing the two, which would you think?

    • Like 2
  4. On 6/19/2022 at 10:42 AM, grasshopper said:

    was just thinking about the health of the indigenous folk when exposed to the European diet of wheat....diabetes, massive weight gain..etc. Heritage may have something to do with it. These keto diets are what the Inuits had. Plant based food wasn't easy to come by.

    Corn.  But we call it maize.  

     

    Corn

    Cold corn

    Cold corn is what I need

    Cold corn, right on the cob

    Straight from the fridge

    Cool, refreshing, nurturing, 

    Life affirming corn

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