Secular inflation is here

SS checks going up 5.9% next year. The highest increase in decades. Inflation is now entrenched. Unions are striking everywhere for more money. Once the inflation genie is released it is hard to put back in the bottle.

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Transitory inflation is not a few weeks, is more like few months to a year. Market is betting is not hyperinflation, just a few months of slow grind upwards and then slowly declining over a period of 1 year. So, market is now chasing those tech stocks that are able to streamline their workforce and operating more efficiently i.e. increased margin :money_mouth_face:… don’t touch any stocks that have not been rallying hard.

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I’m still unemployed :cry:

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I am unemployed for a long time. Till waiting for some1 to knock on my door and offer me a CEO job. Any title lower, not interested :fu:

@Wired UK

Tell the professor not to tell us his dream.

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I have been unemployed or self employed since 1986. It is like being on vacation.
Hanera, CEO is a step down. Only one title matters, owner…

“There’s a pride aspect to going back that has to be conquered,” he says."
Like breaking a horse :grin:

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An analogy that I don’t understand :slight_smile:

To me covid19 is like the oil embargo in the 70s. An external shot to the system. It has shaken the system to the core and created runaway inflation. Hard to put the genie back in the bottle

How old of tech is shipping by container? CA can’t even do that right anymore.

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So clueless.

:rofl:

American citizens get lot of other things. Some of them:

  1. Possibility of 3.2 Trillion pork filled budget
  2. Possibly Transaction above $600 to be reported to IRS

Speaking of clueless. Whatever happened to the Beyond meat investors on this forum

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