Useful explanation thank you.Quote:
Originally Posted by Kevo
So... admin pushes for less aggressive rates until after the midterm?
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Useful explanation thank you.Quote:
Originally Posted by Kevo
So... admin pushes for less aggressive rates until after the midterm?
I think inflation is a political hot button so they push for whatever appears to be the strongest inflation-fighting measures and, right now, I think that's pushing for aggressive rate hikes.Quote:
Originally Posted by Summit
Inflation is a tax on the poor. The right thing to do is to control inflation, but the fed and the administration doesn't seem to be too worried about tackling it. They're a year behind at least.Quote:
Originally Posted by Summit
The federal reserve is supposed to be independent of influence from any administration, but IMO they haven't been acting independently since Trump started calling rates.
Biden appointing JPow seemed to me like a play for political cover- allow the existing fed regime to stay in power and do unscrupulous things that have yet to be regulated in exchange for the federal reserve propping up asset prices for political points.
inflation is a really hot button in places, and amongst people, who aren’t predisposed to voting D. It ain’t uniform. Vegan renters who use public transport in SF haven’t seen much inflation. Home buying carnivores who want a new pickup and boat in Atlanta have found alot.Quote:
Originally Posted by dschane
fuck off kevo. Out of one side of your mouth you brag about how wonderful salary increases in your industry are, the other you pretend to care about the poors to negate the impact of those increases when the poors are doing well. “Fighting inflation” means more unemployment, more people doing worse.
Recession or not we will have a bout of Stagflation. The question is for how long.
Our current issues are on the supply side and the Fed pretends it can control the demand side so they do not have the correct toolkit for this one.
Then we have politicians that have preached a green new world and Russia is on track to DOUBLE its energy revenue from last year. Nobody wants to drill baby drill because they ran on an empty promise of eliminating fossil fuels.
Unfortunately, the problems will persist, become worse, and yes cause the economy to falter.
However, the market is not the economy and Capital Flight from around the globe cannot be taken lightly. The USA is still the cleanest dirty shirt and we will remain the most robust economy. However, I would not be surprised to see 20% inflation because almost everything I purchase has already gone up more than that.
So yes we face a grind. Elevated Valuations, Elevated Inflation, Rising Interest Rates, and then The Explosion of National Debt to pay for all of it.
We really need to start over and kick EVERY politician out and start with a crop that has some knowledge of how to run a business and how the global economy used to function.
Believe me when I say we are NEVER going back to a pre-covid world. So get out and enjoy the summer before shit gets real next year and the whole world is brought into the WAR.
Well if asset prices track inflation, that's nice if you have lots of securities, but how are you hedging against 20% inflation? Fixed interest debt works lol
War? Defenz Stonks!
This fuckin place. A guy is doing well but still gives a shit about people that aren't and the cunts in here throw shit at them for not being pure enough. Go fuck yourself.Quote:
Originally Posted by dunfree
im bad because I like a world where the poors have every acces to a job? If inflation is a tax on the poor Whats 10% unemployment?Quote:
Originally Posted by liv2ski
You are bad because your post to Kevo was a cunt post. But that is how this joint rolls, so carry on.
Quote:
Originally Posted by Kevo
Attachment 414665
We've got a place for you, Kevo.
yeah, I think whining trophy real estate and other rich people things are too expensive and arguing the solution is pain for the poor, and pretending you care about the poor is twisted. I mean, this place had a whole fucking thread about how “inflation” is $400 ski gogglesQuote:
Originally Posted by liv2ski
Pretty sure no one has ever said what you posted. I am done commenting on your stoopid comments.Quote:
Originally Posted by dunfree
“Inflation is a tax on the poorThe right thing to do is to control inflation, but the fed and the administration doesn't seem to be too worried about tackling it. They're a year behind at least. ” is a direct quote.Quote:
Originally Posted by liv2ski
AMZN rekt
Full employment means nothing if a significant portion of workers can't afford rent, food and gas and if the low rates fueling full employment allow institutional investors to outcompete labor for home ownership. Our current system is not responsibly governing. It's killing the American dream.
Comp adjustments in my industry were OK last year, so I guess I don't get to have an opinion though.
@Stalefish3169- appreciate it. I've been onboard for a while, but don't actively trade and I think I've only participated in that thread once or twice.
All good. Mostly just posted that to piss off dumbfree. lolQuote:
Originally Posted by Kevo
You got yours and fuck the poor, with some bullshitting. True 0”privilege to say “ a job means nothing”. Yeah, they are totally better off with nothing.Quote:
Originally Posted by Kevo
On trading GDP to fight inflation
https://finance.yahoo.com/video/fed-...192422383.html
The mission of the Fed is to control inflation while promoting full employment...
To the extent prices rise in response to adverse supply developments, that's evidence a unit of account is working well, not badly. So yeah in the short-term, food/energy prices rising faster than incomes overwhelms essentially anything anyone has to say... but if the Fed can unwind some of the overheating without triggering an outright recession then you have a scenario where output is growing while demand is falling making it only a matter of time until supply catches up with demand.
^^^ Multiverse does not get it.
Do you understand how farms work? The issue will be eating. Just like in Covid it was Charmin. If the farmers don't grow the food it doesn't really matter how rosey the economy looks or what the Fed does to interest rates.
Maybe you're right.Quote:
Originally Posted by dunfree
We should just keep interest rates low forever and accept nothing less than full employment under any circumstances. People are better off with 8.5% or 10% or 20% CPI inflation and 20% or 40% housing inflation so long as they have a job. If they can't afford food or housing, they can just pick up an extra job or two?
Truly though, of you don't make a lot of money, you better not get sick.Quote:
Originally Posted by dunfree
My wife, 47, pays 1200 a month for health insurance, with a10k deductible.
A friend of mine buys diabetes meds, 850 a month. In France, same med, 110 a month.
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oh fuck off. The systemic inequality in the us goes back decades, it’s not a new now problem because dh mountain bike parts are expensive. 10 years ago people were committing suicide because they couldn’t get enough hours or jobs to pay their billsQuote:
Originally Posted by Kevo
you wanna blame someone? Blame Xi and the insane implementation of zero Covid
Costs affecting AMZN. It was pretty obvious. $2k still on the table
I'm sure you're a true champion of the people with well founded, perfectly intentioned reasons for all of your beliefs. It's everyone else that's the problem.Quote:
Originally Posted by dunfree
At least we can agree on Xi being responsible for the supply side of the equation and we can also agree on systematic inequality.
The costs are real. Unemployment- no income - underemployment- low income are real and have real effects. When I drive by shitty employers desperate for workers I say good for the people not stuck in those shitholes. Shit jobs don’t build character they waste humansQuote:
Originally Posted by Kevo
ALL of these grey countries are voting with their stomachs. These are people that live hand to mouth and are also dealing with GLOBAL food and energy price inflation.
Attachment 414678
So you anticipate that full employment and zero rates will produce more leverage for workers if we keep things going the way they are? Inflation be dammed, keep things on current trajectory and labor will eventually win out over capital?Quote:
Originally Posted by dunfree
Seems like the best solution to that problem would be for Russia to withdraw from Ukraine?Quote:
Originally Posted by NakedShorts
Yup and hang Putin.Quote:
Originally Posted by J. Barron DeJong
Oof. Tech sucked ‘em in today. And it’s gonna burn ‘em tomorrow.
She makes to much to qualify for the exchange?Quote:
Originally Posted by rod9301
theyve produced more leverage for low wage workers for close to two yearsQuote:
Originally Posted by Kevo
Yes, at the expense of every form of asset ownership being made more expensive than wage gains for the same people.Quote:
Originally Posted by dunfree
that’s my point. Actual poor in the us have few assets. Fixed income (retirees, dusabled) may. But working poor generally gave fuck allQuote:
Originally Posted by Kevo
Yes, but they'd not the point. The medical system is really screwed up, cost wiseQuote:
Originally Posted by yeahman
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Or the US stay out of the business of building bases in foreign countries when our own is rotting?
No kiddingQuote:
Originally Posted by NakedShorts
Sent from my moto g 5G using Tapatalk
Amazon earnings report summarizes the current macro environment:
"Today, as we’re no longer chasing physical or staffing capacity, our teams are squarely focused on improving productivity and cost efficiencies throughout our fulfillment network. We know how to do this and have done it before. This may take some time, particularly as we work through ongoing inflationary and supply chain pressures, but we see encouraging progress on a number of customer experience dimensions, including delivery speed performance as we’re now approaching levels not seen since the months immediately preceding the pandemic in early 2020."
It's a forward looking statement suggesting supply side issues are starting to abate.