Inflation watch

#501

Consumer Price Index, February 2020

https://www.cso.ie/en/releasesandpublications/er/cpi/consumerpriceindexfebruary2020/

% monthly change +0.6%

% annual change +1.1%

The most notable changes in the year were increases in Education (+4.1%), Alcoholic Beverages & Tobacco (+3.1%), Transport (+3.0%) and Housing, Water, Electricity, Gas & Other Fuels (+2.9%). There were decreases in Communications (-9.5%), Furnishings, Household Equipment & Routine Household Maintenance (-2.5%), Food and Non-Alcoholic Beverages (-1.0%) and Clothing & Footwear (-1.0%).

Consumer Prices in February, as measured by the CPI, increased by 0.6% in the month. During February of last year, prices rose by 0.8% in the month. The most significant monthly price changes were increases in Clothing & Footwear (+4.2%), Transport (+1.6%) and Health (+1.1%). There were decreases in Alcoholic Beverages & Tobacco (-1.3%), Housing, Water, Electricity, Gas & Other Fuels (-0.4%) and Food and Non-Alcoholic Beverages (-0.1%).

Private Rents (table 7)

% monthly change +0.3%

% annual change +3.9%

Local Authority Rents (table 7)

% monthly change +0.0%

% annual change +5.6%

#502

Consumer Price Index, January 2021

https://www.cso.ie/en/releasesandpublications/er/cpi/consumerpriceindexjanuary2021/

% monthly change +0.1%

% annual change -0.2%

The most notable changes in the year were decreases in Clothing & Footwear (-3.4%), Transport (-2.3%), Furnishings, Household Equipment & Routine Household Maintenance (-2.3%) and Food and Non-Alcoholic Beverages (-2.1%). There were increases in Health (+3.4%), Restaurants & Hotels (+3.2%), Recreation & Culture (+0.8%) and Miscellaneous Goods & Services (+0.3%).

Consumer Prices in January, as measured by the CPI, increased by 0.1% in the month. During January of last year, prices fell by 0.7% in the month. The most significant monthly price changes were increases in Alcoholic Beverages & Tobacco (+3.8%) and Miscellaneous Goods & Services (+0.8%). There were decreases in Clothing & Footwear (-2.5%) and Furnishings, Household Equipment & Routine Household Maintenance (-0.7%).

Private Rents (table 7)

% monthly change +0.3%

% annual change -2.5%

Local Authority Rents (table 7)

% monthly change +0.0%

% annual change +1.5%

#503

Cassandra-on-Twitter-It-s-like-the-markets-forget-Jay-Powell-is-Jay-Powell-They-have-to-see-him-or-they-forget-So-we-have-an-Alzheimer-s-POTUS-AND-an-Alzheimer-s-market-We-have-a-barbell-society-AND-government-
Cassandra-on-Twitter-It-s-like-the-markets-forget-Jay-Powell-is-Jay-Powell-They-have-to-see-him-or-they-forget-So-we-have-an-Alzheimer-s-POTUS-AND-an-Alzheimer-s-market-We-have-a-barbell-society-AND-government-.png840x477 58 KB

Burry cleared his twitter

other, now deleted, tweets

The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket. #ParadigmShift https://t.co/kNT4memOVt pic.twitter.com/Bdw1CDn3Yf

— Cassandra (@michaeljburry) February 20, 2021

“Throughout these years the structure was quietly building itself up for the blow. Germany’s #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.” Written in 1974 re: 1914-1923. 2010-2021: Gestation.

— Cassandra (@michaeljburry) February 20, 2021

He also linked the folllowing book
https://recision.files.wordpress.com/2010/12/jens-parsson-dying-of-money-24.pdf

Read on WSB here, also says that he and Buffet have repositioned their portfolios to consumer staples and essentials, inflation hedging,

I’ve a hard on for US equities, regardless.

#504

I seen yesterday he tweeted last time I was told I didn’t warn you but I did. This time I’m warning you via twitter so there is a record.

Not exact-quote.

#505

Shit. Here in EU too?

Have most of my (probably never to be used) house deposit in cash right now.