They are being timid. Plus, the powers to be are completely disconnected from all this. As the most senior house person said yesterday,
“The economy is amazing aside from inflation.”
Investing Strategies. What is your move?
- Thread starter PimTac
- Start date
They are being timid. Plus, the powers to be are completely disconnected from all this. As the most senior house person said yesterday,
“The economy is amazing aside from inflation.”
Heck I even wonder if it would take that long. How about by summer maybe?
You know, I dont get it, I am not educated in finance like the Fed Governors but it just seems like common sense, they are ALWAYS behind the eight ball. ALWAYS a day late to take action, always wrong, wrong like Yellen just admitted.
Amazes me but makes life interesting. I guess when on the public payroll you can always be wrong as long as you tell a good story and get paid incredible salaries while you do.
It could be sooner.
The Fed should have been raising rates when the economy was good. 25 BP raised every quarter wouldn’t have hurt anything. But here we are.
Powell should pull the trigger and go with a full 100 BP hike next week.
Rate hikes will kill it, eventually. HAahahahhahahhaha
Wow.
Kill what?
Wow.
Kill what?
Another shocker. Consumer Sentiment Index plunges to 50.2 in June. Economists had predicted 58.5 so a massive miss. This is the lowest reading ever for this index.
Signs are pointing to the fact that the powers in charge are grossly misreading this economy.
https://www.morningstar.com/news/do...-its-lowest-level-ever-university-of-michigan
Signs are pointing to the fact that the powers in charge are grossly misreading this economy.
https://www.morningstar.com/news/do...-its-lowest-level-ever-university-of-michigan
Worried about the wrong stuff. Making poor decisions. Shockingly consistent.
They always quietly revise the numbers three weeks after releasing them.How accurate are all those numbers and data ?
I don’t believe anything from our government….
Just like a tire pressure gauge off by 10 PSI.
Or, change the way you determine the numbers. That is what the government has done with inflation.
Real inflation calculated according to the 1980 method is around 17%.
ShadowStats has released their latest CPI numbers. May inflation came in at 16.8%.
From their website:
“The ShadowStats Alternate CPI Annual Inflation Index level (1980 Base) broadly has been confirmed by the general movements of, and increases in the Price of Gold since President Nixon closed the Gold Window in 1971. That is reviewed and will be detailed anew in pending No. 1461. Designed to reverse the inflation-reduction methodological gimmicks of the early 1980s, and after, the headline ShadowStats Alternate Inflation Index in May 2022 jumped to 16.8% (16.81% at the second decimal point) year-to-year from 16.5% (16.46%) in April and 16.8% (16.77%) in March 2022, on top of the underlying headline CPI-U rebound, up from 16.0% in February, 15.6% in January, 15.1% in December 2021 and 14.9% in November, with the headline May 2022 inflation at its strongest reading since 17.6% in the traditional CPI reporting of June of 1947, topping an interim peak of 14.8% in March of 1980, when the headline CPI of the time still was the same series that would become the ShadowStats Alternate Inflation Series, after January 1982. Again, the 1980 readings are consistent with, but predate the ShadowStats series, when the headline CPI still was reported on a reasonably consistent basis over time. The ShadowStats Alternate CPI-U estimate restates current headline inflation so as to reverse the government’s inflation-reducing gimmicks of the last four decades, which were designed specifically to reduce/ understate annual Cost of Living Adjustments to Social Security payments.”
http://www.shadowstats.com/
From their website:
“The ShadowStats Alternate CPI Annual Inflation Index level (1980 Base) broadly has been confirmed by the general movements of, and increases in the Price of Gold since President Nixon closed the Gold Window in 1971. That is reviewed and will be detailed anew in pending No. 1461. Designed to reverse the inflation-reduction methodological gimmicks of the early 1980s, and after, the headline ShadowStats Alternate Inflation Index in May 2022 jumped to 16.8% (16.81% at the second decimal point) year-to-year from 16.5% (16.46%) in April and 16.8% (16.77%) in March 2022, on top of the underlying headline CPI-U rebound, up from 16.0% in February, 15.6% in January, 15.1% in December 2021 and 14.9% in November, with the headline May 2022 inflation at its strongest reading since 17.6% in the traditional CPI reporting of June of 1947, topping an interim peak of 14.8% in March of 1980, when the headline CPI of the time still was the same series that would become the ShadowStats Alternate Inflation Series, after January 1982. Again, the 1980 readings are consistent with, but predate the ShadowStats series, when the headline CPI still was reported on a reasonably consistent basis over time. The ShadowStats Alternate CPI-U estimate restates current headline inflation so as to reverse the government’s inflation-reducing gimmicks of the last four decades, which were designed specifically to reduce/ understate annual Cost of Living Adjustments to Social Security payments.”
http://www.shadowstats.com/
Powell is a frickin lawyer, doesn't know sqwat about finance.
Powell earned a degree in politics from Princeton University in 1975 and a Juris Doctor from Georgetown University Law Center in 1979.[2] He moved to investment banking in 1984.
No education in finance. Got where he is how??? Good ole boy I've got some dirt on you DC system is my guess.
One of the 98%ers that give the other 2% a bad name, huh?
jetman,
There are many folks working for the government with PhD in economics that have zero real world business experience and can NOT run a lemonade stand on Miami Beach on a summer day with 95 F temps. These same bozos are the ones advising the decision makers to do terrible things.
PimTac,
Inflation number is over 20%.
Pablo,
I made a little money today with SQQQ.
There are many folks working for the government with PhD in economics that have zero real world business experience and can NOT run a lemonade stand on Miami Beach on a summer day with 95 F temps. These same bozos are the ones advising the decision makers to do terrible things.
PimTac,
Inflation number is over 20%.
Pablo,
I made a little money today with SQQQ.
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That too.
“The ShadowStats Ongoing Alternate Unemployment Estimate for May 2022 reflected continuing migration of short-term discouraged workers in U.6 to the netherworld of the long-term discouraged workers, who no longer are counted by the BLS, subsequent to the allotted one year of permissible discouragement. Including those long-term discouraged/ displaced workers, on top of the headline U.3 and U.6, the May 2022 ShadowStats Alternate Unemployment Rate increased by 0.1% to 24.6%”
JHZR2
Staff member
tqqq for the rebound on Monday?
I've been a "self directed" investor/trader/homegamer since about 2003. Most of that time I've been a perma bull. If you look at a chart since 2003, its been hard to lose $$.
But when the last recession hit (2007-2009) I gave up too much "time" not making $$ in the market. Can't get back time lost. Promised myself I'd do better next time, which I am (currently). I saw the market turn and get real last Nov.
I'm no longer a perma bull. The trend is your friend. Its easy to be short "with conviction" with ALL the nonsense that's going on in the world now-a-days.
Currently (2022) making good $ in
bearish leveraged ETFs in the S&P and big tech
and
bullish leveraged ETFs of O&G, gold, and silver
No TQQQ for me. But it’s possible on Monday it might have a nice pop,
Sold my SQQQ today.
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