I'm selling millions of dollars of TIPS this week...the inflation story is ending, both on the supply side and demand side. The bond market is saying 2.8%-3.4% is correct for the 10 year and that means inflation will shortly be an old story.
I just hope the Fed's plan is to understand when the inflation threat is passed and not keep throttling down the economy.
this, for example. And we've all been reading about big inventory overstocks.
Carl Quintanilla @carlquintanilla Worst week for wholesale gas prices (-12%) since March 2020.
Janet Yellen, Joe Biden and others already told us that "inflation would be a old story." They said it would be "transitory." I am sorry, Agip, but we are not buying that crap anymore. We don't buy anything from this adminstration any more. I would even bet you that next month that inflation goes up rather than down. I am looking at a million-year high of around 9.5%. Everything under this adminstration is a sh*thole. Everything is in the tank. How can you still support this adminstration?
Blaming it on a Pres who’s been in for 1yr and 4.5 months (and it started ticking up in April 2021)… that’s some serious mental gymnastics.
The best argument which I would agree with is Biden cut oil production slightly by Fed land permits and also scared new projects away. But even in the worst case, it’s a drop in the bucket in global supply. And oil is a global market.
Clearly this inflation started as demand (from free money) vs supply chains, now inflamed heavily by geopolitical factors - most importantly the cost of energy.
Feel like the real economy is basically rearing to go, and energy is simply the #1 input to everything so if that goes up then everything goes up. Regardless of rates.
Janet Yellen, Joe Biden and others already told us that "inflation would be a old story." They said it would be "transitory." I am sorry, Agip, but we are not buying that crap anymore. We don't buy anything from this adminstration any more. I would even bet you that next month that inflation goes up rather than down. I am looking at a million-year high of around 9.5%. Everything under this adminstration is a sh*thole. Everything is in the tank. How can you still support this adminstration?
Blaming it on a Pres who’s been in for 1yr and 4.5 months (and it started ticking up in April 2021)… that’s some serious mental gymnastics.
The best argument which I would agree with is Biden cut oil production slightly by Fed land permits and also scared new projects away. But even in the worst case, it’s a drop in the bucket in global supply. And oil is a global market.
Clearly this inflation started as demand (from free money) vs supply chains, now inflamed heavily by geopolitical factors - most importantly the cost of energy.
Feel like the real economy is basically rearing to go, and energy is simply the #1 input to everything so if that goes up then everything goes up. Regardless of rates.
The inflation was at 1.4% when Biden took office. It went from 1.4% to 7% later that year. THAT IS WAY BEFORE PUTIN INVADED RUSSIA. It went from 1.4% to 7% in months.
Blaming it on a Pres who’s been in for 1yr and 4.5 months (and it started ticking up in April 2021)… that’s some serious mental gymnastics.
The best argument which I would agree with is Biden cut oil production slightly by Fed land permits and also scared new projects away. But even in the worst case, it’s a drop in the bucket in global supply. And oil is a global market.
Clearly this inflation started as demand (from free money) vs supply chains, now inflamed heavily by geopolitical factors - most importantly the cost of energy.
Feel like the real economy is basically rearing to go, and energy is simply the #1 input to everything so if that goes up then everything goes up. Regardless of rates.
The inflation was at 1.4% when Biden took office. It went from 1.4% to 7% later that year. THAT IS WAY BEFORE PUTIN INVADED RUSSIA. It went from 1.4% to 7% in months.
Anyone with at least half a brain knew inflation would become an issue when the economy reopened post-pandemic. Biden’s stimulus didn’t help, but with demand exceeding supply prices would naturally rise.
Blaming it on a Pres who’s been in for 1yr and 4.5 months (and it started ticking up in April 2021)… that’s some serious mental gymnastics.
The best argument which I would agree with is Biden cut oil production slightly by Fed land permits and also scared new projects away. But even in the worst case, it’s a drop in the bucket in global supply. And oil is a global market.
Clearly this inflation started as demand (from free money) vs supply chains, now inflamed heavily by geopolitical factors - most importantly the cost of energy.
Feel like the real economy is basically rearing to go, and energy is simply the #1 input to everything so if that goes up then everything goes up. Regardless of rates.
The inflation was at 1.4% when Biden took office. It went from 1.4% to 7% later that year. THAT IS WAY BEFORE PUTIN INVADED RUSSIA. It went from 1.4% to 7% in months.
Your argument is so simplistic that you must be trolling, so I’ll just leave it at that. Biden gets SOME of the blame. But not even close enough to call it “his” inflation.
The inflation was at 1.4% when Biden took office. It went from 1.4% to 7% later that year. THAT IS WAY BEFORE PUTIN INVADED RUSSIA. It went from 1.4% to 7% in months.
Your argument is so simplistic that you must be trolling, so I’ll just leave it at that. Biden gets SOME of the blame. But not even close enough to call it “his” inflation.
The Republican tax cuts from several years ago dropped corporate rates ~10% and lowered brackets for individuals, all at a time when the government was spending more money. That and the continued military spending on continuing wars. Plenty of blame beyond the Democrats shoveling money out to people who want more free stuff, and all the ridiculous Green New Deal nonsense. Covid waste and business shut downs fall on both parties. Fantasy Land of incompetence or just Hollywood for ugly people? We have the leadership we deserve.
The inflation was at 1.4% when Biden took office. It went from 1.4% to 7% later that year. THAT IS WAY BEFORE PUTIN INVADED RUSSIA. It went from 1.4% to 7% in months.
Anyone with at least half a brain knew inflation would become an issue when the economy reopened post-pandemic. Biden’s stimulus didn’t help, but with demand exceeding supply prices would naturally rise.
Enuff with the excuses for the total disaster this admin has been
Swag is right on inflation. It's all about the oil now.
And the good news is that crude is at 110 down from 123ish.
Not for me.
While most of my holdings are up a bit today, my largest one (and also my best performer until Wednesday) is an oil stock that is totally tanking so I am again losing $$.
Swag is right on inflation. It's all about the oil now.
And the good news is that crude is at 110 down from 123ish.
Not for me.
While most of my holdings are up a bit today, my largest one (and also my best performer until Wednesday) is an oil stock that is totally tanking so I am again losing $.
Swag is right on inflation. It's all about the oil now.
And the good news is that crude is at 110 down from 123ish.
Not for me.
While most of my holdings are up a bit today, my largest one (and also my best performer until Wednesday) is an oil stock that is totally tanking so I am again losing $.
While most of my holdings are up a bit today, my largest one (and also my best performer until Wednesday) is an oil stock that is totally tanking so I am again losing $.
Every day for over 2 weeks
just.....buy.....the....SP500....
Down 23% YTD.
Certainly would not have been a good idea these past 5.5 months.
Unreal -- just checked again. A new low for the day. It's almost hard to believe how bad these past 2 months have been.
While most of my holdings are up a bit today, my largest one (and also my best performer until Wednesday) is an oil stock that is totally tanking so I am again losing $.
Every day for over 2 weeks
just.....buy.....the....SP500....
That's for peasants. I'm buying the Flagpole 500, I hear it's a sure thing!
This actually reminds though. I think it was the crypto fund called "Celsius" that was guaranteeing 20% returns.
It's not doing well - turns out it was basically a huge scam! Who would have thought
That's for peasants. I'm buying the Flagpole 500, I hear it's a sure thing!
This actually reminds though. I think it was the crypto fund called "Celsius" that was guaranteeing 20% returns.
It's not doing well - turns out it was basically a huge scam! Who would have thought
The Flagpole 500 is ALMOST a sure thing. It has been right 22 out of 23 years but it appears this may be the second bad year out of 24. But I think the Flagpole 500 will bounce back quite wonderfully next year.
Earnings Scorecard: For Q2 2022 (with 4 S&P 500 companies reporting actual results), 3 S&P 500 companies have reported a positive EPS surprise and 4 S&P 500 companies have reported a positive revenue surprise.
Janet Yellen, Joe Biden and others already told us that "inflation would be a old story." They said it would be "transitory." I am sorry, Agip, but we are not buying that crap anymore. We don't buy anything from this adminstration any more. I would even bet you that next month that inflation goes up rather than down. I am looking at a million-year high of around 9.5%. Everything under this adminstration is a sh*thole. Everything is in the tank. How can you still support this adminstration?
Blaming it on a Pres who’s been in for 1yr and 4.5 months (and it started ticking up in April 2021)… that’s some serious mental gymnastics.
The best argument which I would agree with is Biden cut oil production slightly by Fed land permits and also scared new projects away. But even in the worst case, it’s a drop in the bucket in global supply. And oil is a global market.
Clearly this inflation started as demand (from free money) vs supply chains, now inflamed heavily by geopolitical factors - most importantly the cost of energy.
Feel like the real economy is basically rearing to go, and energy is simply the #1 input to everything so if that goes up then everything goes up. Regardless of rates.
The inflation we're seeing is ultimately rooted in all the "free money" everyone got during covid and high oil prices. Oil is a ubiquitous part of our economy that ~everything is dependent on. It wasn't Biden et al. who gave everyone free money in 2020, but Biden et al. have done things like shut down the pipeline, and it is debatable that the war in Ukraine would be happening if we had a Republican president. I would argue that we should have started taking every action possible to ramp up cheap oil production/transportation once Russian invaded Ukraine. That hasn't happened. High fuel prices will kill the economy if they aren't taken care of soon. Just today I had an employee tell me she would leave this job if gas prices continued to climb. Our work site is fairly remote, and it's just not worth it when gas is more than $5.00/gallon... We're supposed to hit $6/gallon by mid summer. This will be disastrous.
That's for peasants. I'm buying the Flagpole 500, I hear it's a sure thing!
This actually reminds though. I think it was the crypto fund called "Celsius" that was guaranteeing 20% returns.
It's not doing well - turns out it was basically a huge scam! Who would have thought
The Flagpole 500 is ALMOST a sure thing. It has been right 22 out of 23 years but it appears this may be the second bad year out of 24. But I think the Flagpole 500 will bounce back quite wonderfully next year.
2nd only to Bernie Madoff, who never had a losing year
A person can also eat a healthy diet and get plenty of exercises. Another way to prevent hair loss is to avoid stress. Stress can cause the hair to fall out prematurely. Read more here
Blaming it on a Pres who’s been in for 1yr and 4.5 months (and it started ticking up in April 2021)… that’s some serious mental gymnastics.
The best argument which I would agree with is Biden cut oil production slightly by Fed land permits and also scared new projects away. But even in the worst case, it’s a drop in the bucket in global supply. And oil is a global market.
Clearly this inflation started as demand (from free money) vs supply chains, now inflamed heavily by geopolitical factors - most importantly the cost of energy.
Feel like the real economy is basically rearing to go, and energy is simply the #1 input to everything so if that goes up then everything goes up. Regardless of rates.
The inflation we're seeing is ultimately rooted in all the "free money" everyone got during covid and high oil prices. Oil is a ubiquitous part of our economy that ~everything is dependent on. It wasn't Biden et al. who gave everyone free money in 2020, but Biden et al. have done things like shut down the pipeline, and it is debatable that the war in Ukraine would be happening if we had a Republican president. I would argue that we should have started taking every action possible to ramp up cheap oil production/transportation once Russian invaded Ukraine. That hasn't happened. High fuel prices will kill the economy if they aren't taken care of soon. Just today I had an employee tell me she would leave this job if gas prices continued to climb. Our work site is fairly remote, and it's just not worth it when gas is more than $5.00/gallon... We're supposed to hit $6/gallon by mid summer. This will be disastrous.
Don’t forget that most Americans weren’t going out drinking, going on cruises etc. So instead of spending on frivolous Bs as usual, they were somewhat forced to save 1000’s of dollars over a year or more. Throw in the enhanced unemployment and 1400 checks etc. Then release that pent up demand on supply chains as covid faded… of course this would happen.
Now geopolitical factors artificially decreasing oil/gas supplies and hurting supply chains even more. Perfect storm for inflation. It’s all in it together.
To blame Biden who legit just took office on Jan 20 2021, for all of that above plus many more factors, is silly and completely wrong.
Anyway back to the markets. My only winner XLE just took a dive. Guess I’ll be working this 9-5 into my 40s at this rate :$