dow jones

[Wally]

You'd Better Sell 10 Stocks Before Things Get Worse, Analysts Say

Wall Street analysts are usually a pretty optimistic bunch.

www.investors.com

..................

 

[fishtm2001]

" I just think that things like inflationary episodes (and pandemics) can last longer than you think. This is why I remain stubbornly on Team Transitory. At most the Fed should be slowly and calmly raising interest rates. At best they should probably be doing nothing while we wait to get a better idea of how everything is going to play out. After all, inflation is already subsiding before anything they've done has had any effect, and I'll bet it will continue to. But watch out for 2023 when all those interest rate hikes suddenly kick in just when we don't need them."

Kevin Drum

 

[Thebrownblob]

" I just think that things like inflationary episodes (and pandemics) can last longer than you think. This is why I remain stubbornly on Team Transitory. At most the Fed should be slowly and calmly raising interest rates. At best they should probably be doing nothing while we wait to get a better idea of how everything is going to play out. After all, inflation is already subsiding before anything they've done has had any effect, and I'll bet it will continue to. But watch out for 2023 when all those interest rate hikes suddenly kick in just when we don't need them."

Kevin Drum

Team transitory lol this isn’t transitory this is very long term. And rising.

 

[fishtm2001]

Team transitory lol this isn’t transitory this is very long term. And rising.

"Core inflation is at 6% annualized rate the last six months. It is trending lower. Prior rate increases are still feeling their way through the market. As stated, the only high inflationary period the last 50 years was aided by huge increases in oil prices. The current situation no doubt was also aided by high oil costs but those have come down significantly. Continuing on the current rate path is simply not supported by data. Also, while 6% inflation is nothing to sneer at, it is still within a reasonable number so there is no reason to overreact."

raoul

 

[Thebrownblob]

"Core inflation is at 6% annualized rate the last six months. It is trending lower. Prior rate increases are still feeling their way through the market. As stated, the only high inflationary period the last 50 years was aided by huge increases in oil prices. The current situation no doubt was also aided by high oil costs but those have come down significantly. Continuing on the current rate path is simply not supported by data. Also, while 6% inflation is nothing to sneer at, it is still within a reasonable number so there is no reason to overreact."

raoul

Stop you sound like a fool, everyone in the country who goes to work for a living and has to feed their family is hurting and it’s only getting worse. The only people not hurting are the bankers and the politicians if you don’t understand that then that is your problem. This is the problem with partisan politics, real people get hurt. This started in 2020 when the previous administration gave away billions of dollars with almost no oversight. And now it is continuing with the current administration who promised to get it under control. you believe core inflation is 6%? Do you work for UPS and understand manipulated numbers?

 

[fishtm2001]

Stop you sound like a fool, everyone in the country who goes to work for a living and has to feed their family is hurting and it’s only getting worse. The only people not hurting are the bankers and the politicians if you don’t understand that then that is your problem. This is the problem with partisan politics, real people get hurt. This started in 2020 when the previous administration gave away billions of dollars with almost no oversight. And now it is continuing with the current administration who promised to get it under control. you believe core inflation is 6%? Do you work for UPS and understand manipulated numbers?

United States Core Inflation Rate

Core consumer prices in the United States increased 3.60 percent in April of 2024 over the same month in the previous year. This page provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

 

[Thebrownblob]

United States Core Inflation Rate

Core consumer prices in the United States increased 3.60 percent in April of 2024 over the same month in the previous year. This page provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

Again you are a fool. Take a walk down main street and see what’s really happening. Just delivered groceries to 10 families this weekend who are picking between putting gas in there car and eating. All of them have jobs and last year were able to make it work.

 

[vantexan]

"Core inflation is at 6% annualized rate the last six months. It is trending lower. Prior rate increases are still feeling their way through the market. As stated, the only high inflationary period the last 50 years was aided by huge increases in oil prices. The current situation no doubt was also aided by high oil costs but those have come down significantly. Continuing on the current rate path is simply not supported by data. Also, while 6% inflation is nothing to sneer at, it is still within a reasonable number so there is no reason to overreact."

raoul

Core inflation is a different reading from the one we've been getting, like 8.3%. And even that is acknowledged as being lower than real inflation. Look at fuel prices, even after coming down some. Look at food prices. People are paying a lot more than 6% more.

 

[Thebrownblob]

Core inflation is a different reading from the one we've been getting, like 8.3%. And even that is acknowledged as being lower than real inflation. Look at fuel prices, even after coming down some. Look at food prices. People are paying a lot more than 6% more.

And the people that suffer the most are the people at the bottom who could barely afford to begin with. Hey let’s raise interest rates? Sure that’s fine except now the guy who already has questionable credit is either completely unable to get a loan for a car or is paying an astronomical amount and set up for failure. People who called this transitory while they eat steak and lobster dinners make me sick. Real human lives are not transitory. Nor are they a manipulated percentage Number.

 

[fishtm2001]

Core inflation is a different reading from the one we've been getting, like 8.3%. And even that is acknowledged as being lower than real inflation. Look at fuel prices, even after coming down some. Look at food prices. People are paying a lot more than 6% more.

Yes, the Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy.

 

[Thebrownblob]

Yes, the Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy.

Yeah because who needs food and gas right Fishlips?

 

[fishtm2001]

And the people that suffer the most are the people at the bottom who could barely afford to begin with. Hey let’s raise interest rates? Sure that’s fine except now the guy who already has questionable credit is either completely unable to get a loan for a car or is paying an astronomical amount and set up for failure. People who called this transitory while they eat steak and lobster dinners make me sick. Real human lives are not transitory. Nor are they a manipulated percentage Number.

I agree that what the Fed is doing feels like the opposite of the invisible hand of the market. And it will be something like 6-8 months before these hikes could have any effect on inflation.

 

[fishtm2001]

Yeah because who needs food and gas right Fishlips?

Just explaining what core inflation is to Van

 

[Thebrownblob]

Just explaining what core inflation is to Van

And I’m explaining to you that real world people don’t care about the fake core Inflation. This idiot thet just told everyone not to panic is a wall Street Lackey Who doesn’t have to make sure his kids don’t go to bed hungry tonight.

 

[fishtm2001]

And I’m explaining to you that real world people don’t care about the fake core Inflation. This idiot thet just told everyone not to panic is a wall Street Lackey Who doesn’t have to make sure his kids don’t go to bed hungry tonight.

We have an uneven pandemic recovery. No one knows how it's going to play out, or how long to expect the effects to last.

 

[Thebrownblob]

We have an uneven pandemic recovery. No one knows how it's going to play out, or how long to expect the effects to last.

Oh so you admit the government is the one that botched the whole thing? Shutting the country down and telling some people they were essential and some people they were not. Allowing giant businesses to continue to operate while shutting down mom and pops, Handing out PPP loans one of the biggest money Grifts in history, and now the continuation of an unending war, Trying to move people to a green new deal without any back up plan while spending trillions of dollars we don’t have, And your answer is let’s let the people who completely destroyed this fix it? Unbelievable.

Theft from the Covid relief plan known as PPP was even worse than we thought

The official in charge of Covid relief tells NBC News' Lester Holt that programs like PPP were structured in ways that were "an invitation" to fraudsters.

www.nbcnews.com

1 Percent of P.P.P. Borrowers Got Over One-Quarter of the Loan Money (Published 2020)

Newly released data gives the most detailed accounting yet of the pandemic aid provided to 5.2 million businesses that sought forgivable loans.

www.nytimes.com

Nearly 500 People Became Billionaires During The Pandemic Year

A new billionaire every 17 hours: Here are the most notable newcomers on Forbes' 2021 World's Billionaires list.

www.forbes.com

Lol the pandemic was the biggest transfer of wealth in history, and it wasn’t from rich, to poor, it was from poor, to already rich, made richer. Robin Hood in reverse.

 

[fishtm2001]

Oh so you admit the government is the one that botched the whole thing? Shutting the country down and telling some people they were essential and some people they were not. Allowing giant businesses to continue to operate while shutting down mom and pops, Handing out PPP loans one of the biggest money Grifts in history, and now the continuation of an unending war, Trying to move people to a green new deal without any back up plan while spending trillions of dollars we don’t have, And your answer is let’s let the people who completely destroyed this fix it? Unbelievable.

Theft from the Covid relief plan known as PPP was even worse than we thought

The official in charge of Covid relief tells NBC News' Lester Holt that programs like PPP were structured in ways that were "an invitation" to fraudsters.

www.nbcnews.com

1 Percent of P.P.P. Borrowers Got Over One-Quarter of the Loan Money (Published 2020)

Newly released data gives the most detailed accounting yet of the pandemic aid provided to 5.2 million businesses that sought forgivable loans.

www.nytimes.com

Nearly 500 People Became Billionaires During The Pandemic Year

A new billionaire every 17 hours: Here are the most notable newcomers on Forbes' 2021 World's Billionaires list.

www.forbes.com

Lol the pandemic was the biggest transfer of wealth in history, and it wasn’t from rich, to poor, it was from poor, to already rich, made richer. Robin Hood in reverse.

You'll get no argument from me that the prior administration was incompetent and corrupt. As usual the gop tanks the economy and forces the Dems to try and fix it.

 

[Thebrownblob]

You'll get no argument from me that the prior administration was incompetent and corrupt. As usual the gop tanks the economy and forces the Dems to try and fix it.

Your argument should be they’re both screwing, and screwed it up and incompetent. And most of them are getting richer by the minute. Where is their desire to fix it?

 

[vantexan]

Just explaining what core inflation is to Van

I'm familiar. But your post suggested that 6% isn't so bad. As in the current administration isn't doing a bad job. They are, and average working folk are getting slammed.

 

[vantexan]

You'll get no argument from me that the prior administration was incompetent and corrupt. As usual the gop tanks the economy and forces the Dems to try and fix it.

Keep holding to that fantasy. Inflation happened under Biden's watch. His administration just got the Inflation Reduction Act passed. Doesn't reduce inflation, doesn't even address inflation until 2031. But does have over $700 billion in new spending. Gee, I wonder what the source of the inflation is? One could almost think this administration is trying to destroy the country. Nah, not the patriotic, flag waving, America first Democrats!