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Re:When buying the dip doesn’t work: An analysis of the dot-... by tyre on Saturday May 07, 2022 @10:31PM (#31300694)
> The COVID fiscal canon blew growth and inflation skyward.

This is not true and has wrongly given credit to people who have said, since 2020, that COVID relief would cause inflation.

Our current inflation is driven by supply chain issues (unrelated to COVID relief) and rising oil (unrelated to COVID relief.)

Re:When buying the dip doesn’t work: An analysis of the dot-... by candiddevmike on Saturday May 07, 2022 @10:42PM (#31300755)
From what I've read, our current inflation is due to combo of inflated asset prices causing mortgages and rents to skyrocket along with corporate greed raising prices "because of inflation".
Re:When buying the dip doesn’t work: An analysis of the dot-... by darkerside on Sunday May 08, 2022 @06:23AM (#31302789)
You should probably widen the pool of what you read. You're not wrong (well, corporate greed tends to be a bit of a bogeyman), but it's certainly reductive.
Re:When buying the dip doesn’t work: An analysis of the dot-... by bagacrap on Saturday May 07, 2022 @11:39PM (#31301054)
I don't know why you're so confident. All of these things can contribute to inflation.
Re:When buying the dip doesn’t work: An analysis of the dot-... by freyr on Sunday May 08, 2022 @02:21AM (#31301795)
Probably an adherent of modern monetary theory.
Re:When buying the dip doesn’t work: An analysis of the dot-... by RealityVoid on Sunday May 08, 2022 @03:49AM (#31302106)
MMT does not say that liberal issue of currency does not cause inflation.
Re:When buying the dip doesn’t work: An analysis of the dot-... by astrange on Sunday May 08, 2022 @01:52AM (#31301693)
> Our current inflation is driven by supply chain issues (unrelated to COVID relief)

Well, specifically it's because everyone went home and switched from purchasing services to goods. So there are serious composition effects comparing 2019 to 2020 and you don't have to assume you're making less money because an inflation number said you are.

Re:When buying the dip doesn’t work: An analysis of the dot-... by ouEight12 on Saturday May 07, 2022 @10:56PM (#31300836)
> rising oil

Monthly inflation numbers have been > 5% since May 2021. Oil didn't exceed 2018 $s until will into October 2021.

Re:When buying the dip doesn’t work: An analysis of the dot-... by SamReidHughes on Saturday May 07, 2022 @10:44PM (#31300766)
Working class wages have increased, and that is clearly because of Covid relief. Or other Covid-related policies like halting immigration.

(I should be clear, this is still supply-side, but related to Covid relief. "Stimulus" money spent unproductively by the government is also supply-side.)

Re:When buying the dip doesn’t work: An analysis of the dot-... by bushbaba on Saturday May 07, 2022 @11:52PM (#31301122)
Covid relief prevented deflation. Thus when things went back to normal we saw large inflation.

You also had PPP loans which went to businesses that saw growth! And those business owners got huge payouts used to buy houses and assets

Re:When buying the dip doesn’t work: An analysis of the dot-... by _uy6i on Sunday May 08, 2022 @12:04AM (#31301184)
This may be the case for many goods (e.g. cars, furniture, dishwashers, beef) - but definitely not assets (e.g. homes, bonds, stocks, art)
Re:When buying the dip doesn’t work: An analysis of the dot-... by Nevermark on Sunday May 08, 2022 @12:25AM (#31301288)
Supply chain issues have pushed up construction costs and times.

So buildings increase in value due to supply disruption too.

Re:When buying the dip doesn’t work: An analysis of the dot-... by astrange on Sunday May 08, 2022 @01:47AM (#31301675)
Asset and good inflation aren't the same kind of thing because you won't die if you can't buy a stock, and you can buy any fraction of a stock not just one share these days. (Although the second one is a reason they've gotten more expensive.)

Homes are a special case, but it's entirely possible for the purchase price of homes to go up while rent doesn't.