Posted on 06/10/2022 7:15:35 AM PDT by John W
Transitory!
Transitory Joe is moving kinda slow. He really oughta go!
That genius stated today that she thinks we won’t enter a recession.
Last quarter was -1.4%.
Two negative quarters is a recession...
I now am qualified to run the Fed.
So when does the next thrilling episode of Lizzie Does DC air?
Ludwig Von Mises in his classic economic treatise “Human Action” talked about what happened when people decide money is losing value quickly and they need to convert it to something, anything before it loses more value.
He called it the “Crackup Boom”.
The concept is that economic activity increases as the velocity of money increases—until there is a massive collapse.
We are not there yet—but the fire has been ignited—and it looks like the Federal Reserve does not have the stomach to stop it.
That wasn’t much of a bear market rally. Got in on a stock at 72 and out at 74 yesterday before falling to 72.4 today. Writing was on the wall yesterday and since oil is looking to break out I figured I really shouldn’t be long an airline.
They ended up and so did some food stuff stocks.
It seemed like the entire run from 1992 until the end of 2021 hardly any news could really hammer the market long term. (with the exception of COVID of course).
But it looks like we are in a new paradigm of inflation and rising rates that the markets just despises.
The only thing that gives me pause is Jamie Dimon and others warning about recession. I thought the MO for these crooks was pump and dump.
I always look at a basket that includes apples, bread and automobiles. Perhaps I am being biased by picking some of the worst products for inflation. But since 1975 all of these have majorly increased in price well past wage inflation. For a wage increase of 40% automobiles have increased by 100%. Trucks far worse. Some may argue that computers have majorly seen massive deflation. So what. Can’t eat an iphone. What we need is a measure of a real person’s inflation on things that matter, like eating and driving.
Ah but you see, by crying about a recession, they hope that the FED will engage in monetary easing and therefore on the dump side there is plenty of money to take the inflated stocks off their hands. Of course, after pumping out the money since 2008, like the 17th COVID nonvax vax, it starts not to have much effect except to detonate inflationary trends.
Good point. Except if the Fed eases it’s going to make a bad problem - inflation - even worse. But as you said the top 1% will win in any case.
It’s interesting right now. There really is so winning scenario.
“Sure he does, and all is going according to the Plan.”
Don’t be willing to credit intelligence to something which can be explained by gross incompetence and congenital, government stupidity.
Don’t be willing to credit intelligence to something which can be explained by gross incompetence and congenital, government stupidity.
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Sure, you betcha OK, even though they continually brag about destroying the US, we need to ignore those admissions and go along with the flow until they relinquish their control of the US voting system just in time for the fall elections.
Don’t be naive.
“we need to ignore those admissions and go along with the flow until they relinquish their control of the US voting system just in time for the fall elections.”
Don’t go putting words in my mouth. You need to chill, man, before you bust a blood vessel.
For you and me. For the top .001% they win, heads or tails. Their values go up or the Fed bails them out - to avoid the economic trauma - they justify it to themselves. After all, is it fair to put 100,000 on the unemployment rolls just so one of the elites will get proper justice - which he/she/it/they/zir will never get anyway.
How democrats view inflation | Inflation is our Friend 🙂 (Dan Aykroyd)
On May 12 AMD stock was $84.12
It went up from there. What a slide this week from $108.71 to $94.82
There is the upcoming .50 rate hike in June and another in July and I do not know how many more after that so the economy will be in the tank until November when we kick out the democrats.
Yes. It might already be here.
DOW falls 700 points after Dims present staged Jan 6 episode.
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Convenient, isn’t it? They knew what the report would say (not that it isn’t understated, of course.) Time for 6 episodes of TDS on steroids.
Squirrel!
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