It’s mostly a demand shock, not a supply shock, and it’s everywhere
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Re: It’s mostly a demand shock, not a supply shock, and it’s everywhere
#2For anyone else thrown off by the use of "MP3" to refer to anything other than the file format, here's https://medium.com/alpha-beta-blog/the-three-stages-of-monet...
Re: It’s mostly a demand shock, not a supply shock, and it’s everywhere
#3Warning: The site withholds the content unless you agree to terms.
Re: It’s mostly a demand shock, not a supply shock, and it’s everywhere
#4I'm honestly surprised inflation hasn't been worse than what we've already seen. 10-year treasury yields are still well below their 2019 levels and are currently below their levels from Q2 of this year.
Re: It’s mostly a demand shock, not a supply shock, and it’s everywhere
#5It's a plausible theory, but it doesn't explain the long queues of container ships waiting to be unloaded.
Re: It’s mostly a demand shock, not a supply shock, and it’s everywhere
#6For anyone scratching their head on what "MP3" is: monetary policy 3, i.e. "helicopter money," i.e. "the government be handin out them stimmies," i.e. the government injected COVID-19 relief funds into the economy, giving an across-the-board increase in demand for goods & services, but there aren't enough "goods & services" to keep up with this demand.
Re: It’s mostly a demand shock, not a supply shock, and it’s everywhere
#7WARNING: This site has an obscenely obnoxious terms & conditions blocking modal. I would prefer this link to be removed, it is so egregious.
Post something, or don't. Don't put up a blocking modal to force me to read some terms & conditions before reading the actual content.
Re: It’s mostly a demand shock, not a supply shock, and it’s everywhere
#8I'm honestly surprised inflation hasn't been worse than what we've already seen. 10-year treasury yields are still well below their 2019 levels and are currently below their levels from Q2 of this year.
Do treasury yields actually have a causal relationship with anything besides the demand and supply of treasury bonds? I don't see any reason why we can't have a negative real yield (indeed, I suspect that is presently the case).
Re: It’s mostly a demand shock, not a supply shock, and it’s everywhere
#9I can remember when a year ago everyone agreed they were happy with consuming less and spending time with the family. Looks like that didn't last long, everyone is out shopping again.
Re: It’s mostly a demand shock, not a supply shock, and it’s everywhere
#10For anyone scratching their head on what "MP3" is: monetary policy 3, i.e. "helicopter money," i.e. "the government be handin out them stimmies," i.e. the government injected COVID-19 relief funds into the economy, giving an across-the-board increase in demand for goods & services, but there aren't enough "goods & services" to keep up with this demand.
Thank god we have crypto & NFTs to help people use all this free cash