Talking Stocks 2.0

[SDGT3]

Originally Posted by huncho

lol these reports don't show how bad the economy actually is. i realize this site is a giant bubble full of people that are very well off but in the real world people are really hurting right now

Although I agree, the reason why half the country is hurting is because inflation has been the highest the US has seen in 40 years.

Jobs are still plentiful and the last 3 month's average jobs numbers, with revisions, went from 116,000 jobs per month to 185,000.

Oil up on geopolitical concerns. 10 year treasury approaching 4% again, dollar much stronger, the yield curve tightening between the 2’s and 10’s again to near inversion as short term rates rise on this news. Two candidates that will raise the budget deficit and national debt even higher. I ask, where was the need to cut rates and why even talk about further cuts when you don’t have the “data” yet?

Claudia Som of the infamous Som Rule of economics revealed that layoffs are at the lowest rate in history… what is Powell and the Fed thinking when he says he wants to concentrate on full employment ?

The last Fed decision was not unanimous - the first time that has happened in nearly 20 years - so there is some sense of reality at the Fed, just not with the chairman.

Does anyone here believe or have personally experienced 3% inflation on anything? Housing, Food, all lines of insurance, energy, medical? No way.

[huncho]

Originally Posted by SDGT3

Although I agree, the reason why half the country is hurting is because inflation has been the highest the US has seen in 40 years.

Jobs are still plentiful and the last 3 month's average jobs numbers, with revisions, went from 116,000 jobs per month to 185,000.

Oil up on geopolitical concerns. 10 year treasury approaching 4% again, dollar much stronger, the yield curve tightening between the 2’s and 10’s again to near inversion as short term rates rise on this news. Two candidates that will raise the budget deficit and national debt even higher. I ask, where was the need to cut rates and why even talk about further cuts when you don’t have the “data” yet?

Claudia Som of the infamous Som Rule of economics revealed that layoffs are at the lowest rate in history… what is Powell and the Fed thinking when he says he wants to concentrate on full employment ?

The last Fed decision was not unanimous - the first time that has happened in nearly 20 years - so there is some sense of reality at the Fed, just not with the chairman.

Does anyone here believe or have personally experienced 3% inflation on anything? Housing, Food, all lines of insurance, energy, medical? No way.

yeah inflation isn't 3%, its multiples higher but also the other issue is that new jobs are now paying less than they were in 2021/22 (although that was a bubble) and people aren't getting raises to help offset inflation. salaries haven't moved much over the last 10 years while everything else easily costs twice as much

on the other hand once companies are able to afford giving people more money, inflation would probably tick up again no? i don't really know how this gets solved, i feel like this is just the new normal

[Krash]

Originally Posted by SDGT3

Does anyone here believe or have personally experienced 3% inflation on anything? Housing, Food, all lines of insurance, energy, medical? No way.

Every man, woman and child has personally experienced inflation greater than 3%.

Just going to my favorite restaurants in NE Florida is one example. It's common to get a bill more than a $100 for most of them now. I was just in Seattle to visit my daughter. Seattle seems just as bad or worse, so nobody can tell me it's a Florida thing...