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Inflation Data Red Hot, But No Need to Worry?

This week I’ve been pointing out that egg prices AND gold prices have rise substantially over the past year or two. I suggested that this is a precursor of worse times to come. But I also pointed out that I’m not a financial analyst, so my estimation isn’t necessarily the best one to go by.

With that in mind, I figured I would share a message regarding the recent inflation data from somebody who spends his time knee-deep in the data (see video below). In short, he doesn’t believe we’re likely to see significant consumer price increases. He also has an interesting take near the end of the video on how tariffs might not be as impactful as some fear. It’s worth a listen. Enjoy!

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Damian Brindle

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Comments

2 responses to “Inflation Data Red Hot, But No Need to Worry?”

  1. GregE

    Hi Damian, I don’t know that I entirely agree with the premise of the situation, firstly from the point of view of us “plebs” things like food, fuel and power are what take much of our day to day outgoings and they are going up but not included in the CPI as they’re classed as “volatile” and can be affected by policy decisions such as killing large numbers of chickens due to the threat of bird flu, mad cow disease etc. so those “immediate” items aren’t taken into consideration in the video but I would suggest that they affect families more than Trump’s tariffs on imported goods unless certain basic foodstuffs are imported from other countries. Almost everything else would be affected by domestic policies and lack of availability – prices of housing for instance. Vehicles can be a mixed bag as the electronics are mostly sourced overseas, a neighbour of mine bought a new tractor a year or two ago and told me he had a 6 month wait time to replace some electronic component, also since we lost our car manufacturing here in Australia, prices of used cars has skyrocketed so it mightn’t be long before we resemble Cuba or New Zealand in the 60s – 80s where old vehicles are/were still being used as daily transport as new cars were unaffordable. My opinion is that we’ll be stuck in a depression-like situation for a year or two until “they” decide whether WW3 will go kinetic or not, I’m an optimist so I think not but it could be a close-run thing! I read somewhere that the share market runs in 18-19 year cycles so what happened in 2006 and do these cycles affect things other than share prices? Just my 2 cents worth! Cheers, Greg

    Reply
    1. GregE

      One thing I didn’t consider above is the effect that a depression or the expectation of a depression will have on corporate decisions, in other words how many companies are going to hold off hiring staff or actively cut staff until the financial situation becomes clearer, unless the employees can become indispensable or are able to provide for their families in other ways, they may well find the going much tougher. The only suggestion I can make is the old prepper’s adage to always ensure that you have more than one way of performing a task i.e. “two is one and one is none”.

      Reply

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