ProgN saying "We gonna trap him"
Awesome lol.
Awesome lol.
1. There is no inflation
— Dr. Eli David (@DrEliDavid) September 29, 2022
2. There is inflation, but it's transitory
3. Inflation is good for you
4. There is no recession
5. Recession is good for you 🤡 pic.twitter.com/yLqynM8yOY
Redstone said:1. There is no inflation
— Dr. Eli David (@DrEliDavid) September 29, 2022
2. There is inflation, but it's transitory
3. Inflation is good for you
4. There is no recession
5. Recession is good for you 🤡 pic.twitter.com/yLqynM8yOY
Holiday hiring is increasing, as well as working 2 jobs to pay for the increase in groceries and other itemsManhattan said:
https://www.cnbc.com/2022/09/29/jobless-claims-hit-five-month-low-despite-feds-efforts-to-slow-labor-market.html
The American worker is holding up against JPow.
Don't frustrate yourself by trying to talk about economics with 2 teas.ABATTBQ87 said:Holiday hiring is increasing, as well as working 2 jobs to pay for the increase in groceries and other itemsManhattan said:
https://www.cnbc.com/2022/09/29/jobless-claims-hit-five-month-low-despite-feds-efforts-to-slow-labor-market.html
The American worker is holding up against JPow.
ProgN said:Don't frustrate yourself by trying to talk about economics with 2 teas.ABATTBQ87 said:Holiday hiring is increasing, as well as working 2 jobs to pay for the increase in groceries and other itemsManhattan said:
https://www.cnbc.com/2022/09/29/jobless-claims-hit-five-month-low-despite-feds-efforts-to-slow-labor-market.html
The American worker is holding up against JPow.
https://www.marketwatch.com/story/the-u-s-economy-shrank-in-the-first-half-of-2022-new-gdp-figures-confirm-11664455599Manhattan said:
https://www.cnbc.com/2022/09/29/jobless-claims-hit-five-month-low-despite-feds-efforts-to-slow-labor-market.html
The American worker is holding up against JPow.
No, I already know you don't have an understanding of Economics.Manhattan said:
See my post on interest rates.
CorrectCDUB98 said:ProgN said:Don't frustrate yourself by trying to talk about economics with 2 teas.ABATTBQ87 said:Holiday hiring is increasing, as well as working 2 jobs to pay for the increase in groceries and other itemsManhattan said:
https://www.cnbc.com/2022/09/29/jobless-claims-hit-five-month-low-despite-feds-efforts-to-slow-labor-market.html
The American worker is holding up against JPow.
THIS
It's clearly obvious to the casual observer that referenced 2 teas has zero understanding of economics or how business works.
Quote:
Inflation in August was stronger than expected despite the Federal Reserve's efforts to bring down prices, according to data Friday that the central bank follows closely.
The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July. That was faster than the 0.5% Dow Jones estimate and another indication that inflation is broadening.
On a year-over-year basis, core PCE increased 4.9%, more than the 4.7% estimate and up from 4.7% the previous month.
Including gas and energy, headline PCE increased 0.3% in August, compared with a decline of 0.1% in July. It rose even with a sharp decline in gas prices that took the cost at the pump well below the nominal record above $5 a gallon earlier in the summer.
The Fed generally favors core PCE as the broadest indicator of where prices are heading as it adjusts for consumer behavior. In the case of either core or headline, the data Friday from the Commerce Department shows inflation running well above the central bank's 2% long-run target.
Quote:
Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy.
The consumer price index for the month increased 0.4% for the month, more than the 0.3% Dow Jones estimate, according to the Bureau of Labor Statistics. On a 12-month basis, so-called headline inflation was up 8.2%, off its peak around 9% in June but still hovering near the highest levels since the early 1980s.
Excluding volatile food and energy prices, core CPI accelerated 0.6% against the Dow Jones estimate for a 0.4% increase. Core inflation was up 6.6% from a year ago.
The report rattled financial markets, with stock market futures plunging and Treasury yields moving up.
Quote:
Basically, we can spend as much as we want with little to zero negative consequences. Long term inflation is not on the way.
Be sure to allocate portfolios accordingly.
Owlagdad said:
Futures this morning went from +300 to -300 after announcement. no evidence of inflation, right, OP?
i wonder if keynesians are starting to figure out how stupid this idea is yet.Oldag2020 said:
Basically, we can spend as much as we want with little to zero negative consequences.
Potentially. A counterpoint would be the damage done by fed hiking into (probably) mid 2023 will destroy demand and company's desire to even retain the workers.Red Pear Realty said:
Two words: Wage Price Spiral.
What's the alternative? They don't do a great job but many of our ills are fiscal policy and not monetary policy. The Fed controls the latter but not the former. Fiscal policy, in my opinion, is our downfall.MuchosPollos said:
Serious question…..why are we still letting the Fed manage our economy?
They've been wrong over and over and over. Whether it was Bernanke's - Sub-prime is contained, or Yellen's " I Don't See a Financial Crisis Occurring 'In Our Lifetimes" or the Fed Presidents insider trading, or insert any unexpected print for employment/inflation
These people are supposed to be the best and brightest of the economic world. Sorry I just don't see it.
Time for a change imo
Change to what? Politicians? They would adjust rates to meet political needs and would be a complete disaster.MuchosPollos said:
Serious question…..why are we still letting the Fed manage our economy?
They've been wrong over and over and over. Whether it was Bernanke's - Sub-prime is contained, or Yellen's " I Don't See a Financial Crisis Occurring 'In Our Lifetimes" or the Fed Presidents insider trading, or insert any unexpected print for employment/inflation
These people are supposed to be the best and brightest of the economic world. Sorry I just don't see it.
Time for a change imo
A real gold standard would be the obvious choice.lb3 said:Change to what? Politicians? They would adjust rates to meet political needs and would be a complete disaster.MuchosPollos said:
Serious question…..why are we still letting the Fed manage our economy?
They've been wrong over and over and over. Whether it was Bernanke's - Sub-prime is contained, or Yellen's " I Don't See a Financial Crisis Occurring 'In Our Lifetimes" or the Fed Presidents insider trading, or insert any unexpected print for employment/inflation
These people are supposed to be the best and brightest of the economic world. Sorry I just don't see it.
Time for a change imo
Set a fixed rate and force politicians to address inflation through fiscal policy? No thanks, politicians would increase taxes to soak up excess liquidity and still never cut spending.
I might be interested in an AI based system with no emotion, no confirmation bias, no political aspirations, etc…. Of course the leftists would still claim it was racist and screw that up too.
You haven't heard? The Feds have him in the witness protection program with a new identity.txaggie_08 said:
OP hasn't posted in 7 months. What sock is he currently using??
The Creature From Jekyll Island. Read it.MuchosPollos said:
Serious question…..why are we still letting the Fed manage our economy?
They've been wrong over and over and over. Whether it was Bernanke's - Sub-prime is contained, or Yellen's " I Don't See a Financial Crisis Occurring 'In Our Lifetimes" or the Fed Presidents insider trading, or insert any unexpected print for employment/inflation
These people are supposed to be the best and brightest of the economic world. Sorry I just don't see it.
Time for a change imo
It's that four-letter word, W A G E SRed Pear Realty said:
Two words: Wage Price Spiral.