Inflation’s Collapse

[Taiga]

As expected pump prices have dropped locally quite a bit. Regular down from 1.89 to 1.69 and pump diesel fell by even more than that. There is something known as market forces which governments maybe powerless against. In that case party like it is 1930 again.

Where are you seeing diesel dropping, still over $2.15 here. I will get a farm price from coop this morning.

[jazz]

Errol is anticipating a collapse of fiat and Keynesian economics.

For the record, a study was done indicating the US could still easily double its debt and not risk a currency crisis.

So until that balance sheet gets to $50T, deflation is not a risk. Reversion to the mean is no deflation.

[errolanderson]

Markets are always right . . . .

[ajl]

Where are you seeing diesel dropping, still over $2.15 here. I will get a farm price from coop this morning.

Pump price for diesel in Sherwood Park at south side Shell $1.67. Noticed that it was quite a bit cheaper than most other places. WTI at $96 this morning. Local coop has gas for 1.69. Never know diesel price when filling slip tank until bill comes.

[jazz]

June CPI in today at 9.1%.

[biglentil]

Inflation is far from dead.

[agstar77]

Metal prices have collapsed. Oil down. Deflation is coming.

[jamesb]

Pump price for diesel in Sherwood Park at south side Shell $1.67. Noticed that it was quite a bit cheaper than most other places. WTI at $96 this morning. Local coop has gas for 1.69. Never know diesel price when filling slip tank until bill comes.

Got this offer this morning for a tanker load.

Commodity: Diesel, Ultra Low Sulphur Diesel (Dyed)
Price: $1.3180/L
Quantity: 45000 L
Delivery: Jul 13 to Jul 14

[Taiga]

Ordered fuel, 1.58/l for dyed from Coop this morning.

[errolanderson]

Total mis-judgement by central bankers. Markets are cratering and they are bend on hiking rates at the worst possible time. Inflation ahh . . . say that word in two months . . . .