Posted on 07/13/2022 5:43:54 AM PDT by Eleutheria5
U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years.
The consumer-price index’s reading for June was higher than May’s annual rate of 8.6% that led Fed officials to shift to a faster pace of interest rate increases.
Stock futures turned negative after the release of the data. Investors are closely watching the data for clues about the outlook for central-bank policy and the wider economy.
.....
(Excerpt) Read more at wsj.com ...
Inflation rose 9.1% in June, even more than expected, as price pressures intensify
Bump
Ouch, hope it wasn’t lots...
It was hope. Last week I made 200 dollars in as many days. Now. PHHHHHPHTH!
DAMN, thought it might stay under 9.
Yikes...with gas prices collapsing over the last week or two. Not good.
I dial it in and tune the station
They talk about the US inflation
I understand just a little
No comprende—it’s a riddle
Market hasn’t open yet what are the futures saying?
DEEP RED
MARKETS
Dow futures drop 400 points after much hotter-than-expected inflation report
https://www.cnbc.com/2022/07/12/stock-market-futures-open-to-close-news.html
What did you expect from Joe Biden - our gaffomatic President... I really hope the Democrats lose big in November. Sadly, unless we make sure only living, registered voters are allowed to vote then we might have a fair election. I am not holding my breath...
Don’t worry, it’s transitory and already out of date.
Margin call?
at 8am?
What did they use?
A signal drum?...................
Just like democrats wanted.
Inflation creates more poor, and more dependents on government handouts. Those dependents are expected to vote democrat.
BTW, it’s not just about government spending, or the price of oil, it’s also about how democrats wanted higher wages to higher than a minimum of $15 per hour. Those higher wages cause all prices of goods and services to go higher, which then causes people to buy less in order to stay above water.
Save for over 30 years so I can live a comfortable retired life and that idiot comes along and screws it all up.
This was expected, right?
Margin Call is when you borrow money and use stocks or bonds or BITCOINS as collateral at a certain valuation.
If the valuation of your collateral falls below the ‘margin’, the lender requires you to make up the difference..................
Margin call? Not a problem. Just dip into your cash
Speaking of, “Margin Call” is a fantastic movie if you haven’t seen it yet.
We're probably bouncing off the bottom ... as long as commodities don't go back up.
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