I dont really see anything worrying in the markets, you know their gameplan. Print and inflate to eternity. My investments changed last week towards the stronger war supported etfs so i can follow the pumps. The same etfs that go up every time this happens, rinse and repeat, already have made hundreds in the last couple days but i only have about 2k I'm gambling with. This shitshow could last for months or until we can print a few trillion more.
Yeah theyve all been pretty flat the last few years except oil seemed like to me which is why i was trading cryptos at that time. Ive never bought any oil or commodity or metals etfs until just recently. Now up 15 percent this week or more on many of them, of course that could reverse quickly.
If the wholesale price rises haven’t hit consumers yet then it won’t be calculated into the CPI. I don’t need to explain to you that CPI calculations are done after the outliers have been removed so a 3.5% inflation rate certainly won’t reflect the prices of all goods and services. From my reading neither The Fed or the RBA have claimed that the economies are back to pre-Covid levels. Some indicators or sectors may be but if the media is making claims that the economies have fully recovered, then the media is talking shit. What a surprise.
Appreciate being bought back down to earth sometimes. It feels like the fkn apocalypse every day out here sometimes and the news doesn’t help
Fed's Powell backs quarter point March rate hike; open to bigger moves later WASHINGTON, March 2 (Reuters) - Federal Reserve Chair Jerome Powell, balancing high U.S. inflation against the complex new risks of a European land war, said Wednesday the central bank would begin “carefully” raising interest rates at its upcoming March meeting but be ready to move more aggressively if inflation does not cool as quickly as expected. Powell called the Russian invasion of Ukraine "a game changer" that could have unpredictable consequences. "There are events yet to come and we don't know what the real effect on the U.S. economy will be," Powell told the House Financial Services Committee during a monetary policy hearing overshadowed by the conflict in Europe. But he said for now the Fed was proceeding largely as planned to raise the target overnight federal funds rate and reduce the size of its balance sheet in order to tame inflation that is currently the highest it has been since the 1980s. Powell said he will back a quarter point rate increase when the Fed meets March 15-16, effectively putting to rest debate over starting a post-pandemic round of rate hikes with a larger than usual half-point increase. https://www.reuters.com/business/fe...in-impact-ukraine-war-powell-says-2022-03-02/
There goes my prediction out the window. Lol Of course it won’t achieve what they hope to, may mean they’ll look at further rate hikes, if they do so they’ll throw the US economy into a policy induced recession. And no, I’m not of the opinion that another recession was “the plan” all along.
I listened to Powell and Brandon's speeches both. There are no real plans to fix anything haha, just more crisis juggeling like usual. If any questions about how it will work out just think about the last 2 years with the flu and theres your answer. Expect more of the same folks.
Have a 1st cousin in Russia. He's Kiwi and married into a Russian family. We haven't had an email from him yet but keen for an inside scoop if/when we do. I'm guessing it's dangerous to be sending family emails about how shit it is there right now.
One thing everyone is forgetting or not talking about How much profit is Feds and EU CB sitting on with all the Note and Bonds they Purchased via QE When QT start it will be interesting
there is no record, fire accidents remember pentagon got missing 1T that could not be accounted for then, fire striked, no record, need no longer report the missing Trillion
