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Posted: 9/13/2022 8:32:21 AM EDT
[#1]
Lol, they forgot the 1 in front of the 8 again.
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Posted: 9/13/2022 8:32:37 AM EDT
[#2]
So no inflation?
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Posted: 9/13/2022 8:33:02 AM EDT
[#3]
Fake yet still higher. Wow.
The willful demolition continues. |
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Posted: 9/13/2022 8:33:06 AM EDT
[#4]
75 bps is certain. Wonder if Powell goes for 100.
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Posted: 9/13/2022 8:33:26 AM EDT
[#5]
I still don't believe it's only 8.3%.
My personal costs are up over 10%. We got a list of vendor price increases at work and they were averaging around 15% |
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Posted: 9/13/2022 8:34:54 AM EDT
[#6]
Quote HistoryQuoted: I still don't believe it's only 8.3%. My personal costs are up over 10%. We got a list of vendor price increases at work and they were averaging around 15% |
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Posted: 9/13/2022 8:34:59 AM EDT
[#7]
Quote HistoryQuoted: 75 bps is certain. Wonder if Powell goes for 100.
1 for sure. I'm betting on it. |
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Posted: 9/13/2022 8:35:12 AM EDT
[#8]
Dow futures up 215. Honk
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Posted: 9/13/2022 8:36:34 AM EDT
[#9]
We need another inflation reduction act
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Posted: 9/13/2022 8:38:14 AM EDT
[#10]
Quote HistoryQuoted: Food and travel/transport costs seem a lot more than 8.3%. Quote HistoryQuoted: Quoted: I still don't believe it's only 8.3%. My personal costs are up over 10%. We got a list of vendor price increases at work and they were averaging around 15% Airfare was up 33%. From last months 27%. |
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Posted: 9/13/2022 8:38:22 AM EDT
[#11]
Remember, this is after a 5.3% year over year rate in 2021 for August. We are now over a year into large inflation numbers. Combine 2021 and now 2022
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Posted: 9/13/2022 8:38:38 AM EDT
[#12]
Well, my 2.5% COLA should cover it
HideThePainHarold.jpg |
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Posted: 9/13/2022 8:40:05 AM EDT
[#13]
Quote HistoryQuoted: 1 for sure. I'm betting on it. Quote HistoryQuoted: Quoted: 75 bps is certain. Wonder if Powell goes for 100.
1 for sure. I'm betting on it. He’s going to need to pull a Volcker. And quickly. |
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Posted: 9/13/2022 8:42:18 AM EDT
[#14]
Quote HistoryQuoted: Dow futures up 215. Honk |
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Posted: 9/13/2022 8:42:43 AM EDT
[#15]
How about there trending article,
Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts |
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Posted: 9/13/2022 8:43:40 AM EDT
[#16]
Quote HistoryQuoted: Remember, this is after a 5.3% year over year rate in 2021 for August. We are now over a year into large inflation numbers. Combine 2021 and now 2022 |
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Posted: 9/13/2022 8:44:47 AM EDT
[#17]
Quote HistoryQuoted: Not any more. That escalated quickly 
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Posted: 9/13/2022 8:46:57 AM EDT
[#18]
Quote HistoryQuoted: Food and travel/transport costs seem a lot more than 8.3%. There's no seem about it |
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Posted: 9/13/2022 8:49:02 AM EDT
[#19]
Quote HistoryQuoted: So no inflation? Technically, there is no inflation of inflation. |
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Posted: 9/13/2022 8:49:48 AM EDT
[#20]
Perhaps you should look at the inflation rate in Canada, the UK, and the EU zone. This is not a U.S. only phenomena.
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Posted: 9/13/2022 8:50:31 AM EDT
[#21]
Perhaps you should look at the inflation rate in Canada, the UK, and the EU zone. This is not a U.S. only phenomena.
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Posted: 9/13/2022 8:51:57 AM EDT
[#22]
Quote HistoryQuoted: Perhaps you should look at the inflation rate in Canada, the UK, and the EU zone. This is not a U.S. only phenomena. Who said it was? |
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Posted: 9/13/2022 8:51:59 AM EDT
[#23]
Ammo's never going back down
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Posted: 9/13/2022 8:52:06 AM EDT
[#24]
Quote HistoryQuoted: Perhaps you should look at the inflation rate in Canada, the UK, and the EU zone. This is not a U.S. only phenomena. What is this supposed to mean? No one here is denying inflation. Most are calling the 8% bullshit. Everything is around 20% plus |
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Posted: 9/13/2022 8:54:32 AM EDT
[#25]
Quote HistoryQuoted: Perhaps you should look at the inflation rate in Canada, the UK, and the EU zone. This is not a U.S. only phenomena. Think Global. Get fuked local? |
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Posted: 9/13/2022 8:56:18 AM EDT
[#26]
Quote HistoryQuoted: Perhaps you should look at the inflation rate in Canada, the UK, and the EU zone. This is not a U.S. only phenomena. And what's the common thread between ALL of those places? Each and every one of their leaders used the exact term "Build Back Better" to encompass a wide range of inflationary socialist policies. |
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Posted: 9/13/2022 8:57:53 AM EDT
[#27]
Quote HistoryQuoted: Technically, there is no inflation of inflation. Quote HistoryQuoted: Quoted: So no inflation? Technically, there is no inflation of inflation. Month to Month vs Year over Year. Prices didn't go up meaningfully compared to last month but are still high relative to this time last year. I think everyone was hoping that prices would actually go down, not just stay basically level thus the market's disappointment. |
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Posted: 9/13/2022 8:58:39 AM EDT
[#28]
Insurectionist lies!!!
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Posted: 9/13/2022 8:59:30 AM EDT
[#29]
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Posted: 9/13/2022 9:02:14 AM EDT
[#30]
Quote HistoryQuoted: 75 bps is certain. Wonder if Powell goes for 100.
I genuinely still hope he goes for 400+ points. Overnight. Unexpectedly. Lay it on us. Pain now in a controlled manner or unfathomable pain later as hyperinflation takes hold. Now or never buddy. Now or never. |
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Posted: 9/13/2022 9:09:09 AM EDT
[#31]
Much higher.
Did they change the definition of inflation or CPI under Biden? Geez. |
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Posted: 9/13/2022 9:10:13 AM EDT
[#32]
Didn't Brandon and Congress just pass a massive bill to lower inflation?
Guess it just takes time for it to work through the economy. 
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Posted: 9/13/2022 9:11:28 AM EDT
[#33]
Quote HistoryQuoted: Month to Month vs Year over Year. Prices didn't go up meaningfully compared to last month but are still high relative to this time last year. I think everyone was hoping that prices would actually go down, not just stay basically level thus the market's disappointment. Quote HistoryQuoted: Quoted: Quoted: So no inflation? Technically, there is no inflation of inflation. Month to Month vs Year over Year. Prices didn't go up meaningfully compared to last month but are still high relative to this time last year. I think everyone was hoping that prices would actually go down, not just stay basically level thus the market's disappointment. |
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Posted: 9/13/2022 9:12:21 AM EDT
[#34]
Quote HistoryQuoted: Month to Month vs Year over Year. Prices didn't go up meaningfully compared to last month but are still high relative to this time last year. I think everyone was hoping that prices would actually go down, not just stay basically level thus the market's disappointment. Nobody was stupid enough to think that prices would go down. Maybe they were hopeful that the rate of increase would slow but lower prices are a fucking pipe dream. |
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Posted: 9/13/2022 9:13:07 AM EDT
[#35]
Quote HistoryGrocery store food is genuinely wild. Some restaurants are in the eye of the storm (likely liquor sales covering food price increases for a little longer). |
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Posted: 9/13/2022 9:13:38 AM EDT
[#36]
Quote HistoryWell, there a you go. Erbody know you back food and energy. Nobody buys that shit. |
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Posted: 9/13/2022 9:15:55 AM EDT
[#37]
I wonder how much the CPI dropped for oil last time because states stopped collecting taxes on it. That's about $0.30-40/gal right there.
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Posted: 9/13/2022 9:16:32 AM EDT
[#38]
And all this inflation despite having drawn down the Strategic Petroleum Reserve to its lowest level EVER.
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Posted: 9/13/2022 9:17:07 AM EDT
[#39]
Quote HistoryQuoted: Dow futures up 215. Honk |
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Posted: 9/13/2022 9:17:21 AM EDT
[#40]
Quote HistoryQuoted: Lol, they forgot the 1 in front of the 8 again. Every month I go to the store and certain staples I buy regularly are more expensive, and not just a tiny bit. |
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Posted: 9/13/2022 9:20:18 AM EDT
[#41]
Quoted: Let's Go Brandon! Up 8.3%, year over year. https://www.cnbc.com/2022/09/13/inflation-rose-0point1percent-in-august-even-with-sharp-drop-in-gas-prices.html If this keeps up, they're going to have to redefine what inflation is, and how they calculate it. Again. |
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Posted: 9/13/2022 9:22:03 AM EDT
[#42]
lol. Guess what is coming, Rent Freezes, and eviction moratoriums.
The Government will double down now, on price controls.  Attached File |
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Posted: 9/13/2022 9:26:54 AM EDT
[#43]
Quote HistoryQuoted: If this keeps up, they're going to have to redefine what inflation is, and how they calculate it. Again. They already have, that's why the numbers they post are so out of touch with reality |
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Posted: 9/13/2022 9:27:53 AM EDT
[#44]
From the BLS website:
"The index for all items less food and energy rose 0.6 percent in August after increasing 0.3 percent in July." yikes |
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Posted: 9/13/2022 9:28:34 AM EDT
[#45]
Quote HistoryQuoted: lol. Guess what is coming, Rent Freezes, and eviction moratoriums. The Government will double down now, on price controls. /media/mediaFiles/sharedAlbum/Goose-call-426.gif The government can't just tell property owners what to do with their assets and allow people to live there rent free. Wait...
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Posted: 9/13/2022 9:28:59 AM EDT
[#46]
Quote HistoryQuoted: lol. Guess what is coming, Rent Freezes, and eviction moratoriums. The Government will double down now, on price controls. /media/mediaFiles/sharedAlbum/Goose-call-426.gif Likely. Anyone who saw the covid BS as a landlord and didn't get out of the game had best be prepared for similar crap in the future. |
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Posted: 9/13/2022 9:29:31 AM EDT
[#47]
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Posted: 9/13/2022 9:30:07 AM EDT
[#48]
Quote HistoryQuoted: The government can't just tell property owners what to do with their assets and allow people to live there rent free. Wait... Europe is always ahead of the curve. https://www.theguardian.com/commentisfree/2022/sep/11/the-guardian-view-on-rent-capping-a-step-in-the-right-direction "Limiting rent rises makes sense. But ministers must fill the holes in social housing budgets" |
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Posted: 9/13/2022 9:35:17 AM EDT
[#49]
This is what the start of stagflation looks like.
What’s coming next will be epic. Millennials are going to be even more pissed off and biter than they already are. |
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Posted: 9/13/2022 9:35:44 AM EDT
[#50]
Falling gas prices helped "pad" the overall number but the Core CPI which is one of the metrics the Fed heavily watches rose more than the headline number they announced. They did an immediate 11 basis point spike after the meeting this morning ended and there is still an anticipated 75 point hike coming at the next meeting. So we're looking at at least 86 points upcoming to Fed rates with another 75 points being forecasted towards the end of year meeting in November.
Gonna be shaky for a little while longer and while people feel the "immediate effect" of falling gas prices overall inflation is still rising and the economy is on shaky ground alongside most of the rest of the world currently. |
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