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Re:Hyperinflation Is Here by michael1999 on Wednesday November 04, 2020 @09:00AM (#24989089)
Hyperinflation requires a feedback loop through workers, and I see no evidence that most US workers have enough bargaining power to demand higher wages to match. I expect further asset inflation and a continued “k” shaped divergence.
Re:Hyperinflation Is Here by floor2 on Wednesday November 04, 2020 @12:01PM (#24990796)
20 years ago a "six figure salary" meant you were rich, and was exclusively the domain of corporate executives, wall street traders, doctors and lawyers.

10 years ago a "six figure salary" included developers at FAANG companies, mid-level managers and late-career roles in more industries, highly-tenured individuals in government roles.

Today, a "six figure salary" qualifies you for low-income housing in the bay area and is paid as entry-level or mid-career salary to an incredibly wide range of jobs.

Re:Hyperinflation Is Here by jdashg on Wednesday November 04, 2020 @01:37PM (#24991726)
Six figures is only low income for certain areas (not the whole bay area), and only for households with enough children. For households, two 50k parents is an easy 100k.

I do not believe six figures entry level jobs are common outside the highly trained professional fields, but I don't have data on hand for it.

Re:Hyperinflation Is Here by silexia on Wednesday November 04, 2020 @10:24AM (#24989801)
Seeking Alpha is a site with the worst usage of dark patterns I have seen on the internet, both in it's website design and in it's actual content. This article actually misses a lot of key macro points like that the Fed stopped expanding mzm months ago, and that the expansion of money supply has to reach consumers to become inflationary.
Re:Hyperinflation Is Here by woofie11 on Wednesday November 04, 2020 @12:10PM (#24990874)
A genuine expansion of the money supply might take time to reach consumers, but it WILL reach consumers. Thought experiment.

A crisis, COVID2029, puts everyone out of work for a year:

1) I print 9 trillion dollars, and allow 300 million recently-unemployed Americans to pay their mortgages during a global crisis. Crisis ends, and everyone goes back to work with 9 trillion new dollars printed. During the crisis, everyone gets a bag of cash, but there's no inflation. Crisis ends. Boom. As soon as everyone's back at work, the inflation kicks in, since there's 9 trillion dollars of new currency in play.

2) I issue zero-interest loans to 300 million recently-unemployed Americans, allowing them to push back their mortgages by one year. I've injected 9 trillion dollars into the economy, but I naturally suck it back out after the crisis. No inflation.