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Posted: 2/13/2024 9:31:56 AM EDT
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Posted: 2/13/2024 9:33:04 AM EDT
[#1]
Monthly reminder that just because prices aren't lower doesn't mean that inflation hasn't softened.
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Posted: 2/13/2024 9:34:03 AM EDT
[#2]
Artificial.
Like the economy, the stock market and the Presidency. |
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Posted: 2/13/2024 9:35:10 AM EDT
[#3]
Core inflation is up 3.9% year over year.
Translation: no interest rate cuts. |
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Posted: 2/13/2024 9:40:21 AM EDT
[#4]
Not good Dementia Hitler.
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Posted: 2/13/2024 9:40:23 AM EDT
[#5]
It's just transitory.
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Posted: 2/13/2024 9:40:53 AM EDT
[#6]
Quote HistoryQuoted: Monthly reminder that just because prices aren't lower doesn't mean that inflation hasn't softened. Prices are still increasing, just not as fast.  I could stand a little deflation for a change. |
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Posted: 2/13/2024 9:43:29 AM EDT
[#7]
That is some very sticky inflation.
And they want to borrow and spend even MORE! Going to be here for a long, long time. |
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Posted: 2/13/2024 9:45:40 AM EDT
[#8]
Quote HistoryQuoted: Core inflation is up 3.9% year over year. Translation: no interest rate cuts. No one wants to admit that at least a brief recession is needed to get things back in order. The Fed won't say it, but I think they know it. I think they are just praying to God that staying mum on rates will be enough as opposed to having to come in and actually raise rates again. |
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Posted: 2/13/2024 9:46:27 AM EDT
[#9]
Millions of new adults in the country adding to demand makes prices continue to go up? Who could have guessed that would happen?
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Posted: 2/13/2024 9:46:29 AM EDT
[#10]
Quote HistoryQuoted: Monthly reminder that just because prices aren't lower doesn't mean that inflation hasn't softened. Casting pearls before swine. Just watch this thread. 
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Posted: 2/13/2024 9:46:45 AM EDT
[#11]
Quietly revised in 87 days
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Posted: 2/13/2024 9:47:02 AM EDT
[#12]
I thought inflation subsided a while back and the reason for prices continuing to go up was greedy companies raising prices to pad their profits.
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Posted: 2/13/2024 9:50:07 AM EDT
[#13]
Quote HistoryQuoted: That is some very sticky inflation. And they want to borrow and spend even MORE! Going to be here for a long, long time. It makes sense to some degree. Everyone who wants a job has a job so there's no catalyst out there to curtail spending by anyone. Every spike in inflation on this chart below was resolved with a recession. Soft landings are elusive.  Attached File |
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Posted: 2/13/2024 9:51:11 AM EDT
[#14]
Even if it magically goes to 0 (which ain't happening), the inflation we already experienced doesn't get undone. The damage of the Fed's money binge cannot be healed.
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Posted: 2/13/2024 9:52:16 AM EDT
[#15]
The price increases are starting to be a pain right in the balls.
My suppliers are all up about 10% from last year, and insurance shot through the roof. I only adjusted for input costs last year, but this year I have to adjust for cost of living for myself. Floors we could do for $5-$6/sq ft just a few years ago are running $8-$10 now, that's a huge jump. |
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Posted: 2/13/2024 9:53:19 AM EDT
[#16]
Quote HistoryQuoted: I thought inflation subsided a while back and the reason for prices continuing to go up was greedy companies raising prices to pad their profits. Every business and every employee always charges as much as they can 100% of the time. Doesn't matter if the economy is booming or busting. The greedy companies narrative is a distraction floated by the people that actually have the power to curb inflation. |
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Posted: 2/13/2024 9:53:53 AM EDT
[#17]
Quote HistoryQuoted: Core inflation is up 3.9% year over year. Translation: no interest rate cuts. Good |
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Posted: 2/13/2024 9:56:43 AM EDT
[#18]
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Posted: 2/13/2024 10:04:30 AM EDT
[#19]
10 year yield is spiking on this news. It’s only going to be for so much longer that our government can borrow and debase our currency before other countries demand to be paid more to own our junk bonds. By paid more, I mean a rate of interest the government won’t be able to afford to pay without printing even more money. Then in steps the Fed as the buyer of last resort as the printing presses go into overdrive. We will enjoy inflation like nothing we have seen yet.
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Posted: 2/13/2024 10:05:22 AM EDT
[#20]
The real problem is that the economy is still adjusting itself to three years of hyperinflation during Biden’s botched COVID response. The resulting 30% to 40% cumulative increase in prices in some markets (relative to pre-COVID) is still forcing higher than normal annual inflation.
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Posted: 2/13/2024 10:15:38 AM EDT
[#21]
Stocks don't like these numbers. Dow is down 1%.
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Posted: 2/13/2024 10:16:13 AM EDT
[#22]
Quote HistoryQuoted: Stocks don't like these numbers. Dow is down 1%. Without lube |
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Posted: 2/13/2024 10:16:58 AM EDT
[#23]
30-40 million illegals living in the country with 6-8 million more in the last 3 years driving demand.
~$2T in deficit spending every year now Rising interest rates ~$34T in .gov debt and rising at around $33B per day Another $150T in Unfunded Liabilities The American people have been sold out by both parties ...and people wonder why the economy is so messed up |
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Posted: 2/13/2024 10:18:30 AM EDT
[#24]
higher for longer
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Posted: 2/13/2024 10:18:44 AM EDT
[#25]
So Trumps fault right?
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Posted: 2/13/2024 10:19:13 AM EDT
[#26]
Quote HistoryQuoted: Stocks don't like these numbers. Dow is down 1%. The stock market has been trading on the notion of a soft landing as if it's in the bag despite the fact that historically it's a long shot. We could yet stick the landing but to be trading on that as a given really does set the market up for some potential disappointment. |
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Posted: 2/13/2024 10:19:38 AM EDT
[#27]
Quote HistoryQuoted: So Trumps fault right? It will be if they can successfully push off recession until Q1 of next presidential term. |
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Posted: 2/13/2024 10:19:46 AM EDT
[#28]
Quote HistoryQuoted: Stocks don't like these numbers. Dow is down 1%. Will probably be down this morning and then back in the green by close as the market gets orgasmic over some AI news regarding the 5 stocks that are left still driving this train wreck. |
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Posted: 2/13/2024 10:22:08 AM EDT
[#29]
the government cant effectively fight inflation because it cant afford to pay higher interest on the national debt. So it will never really be able to get inflation under control
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Posted: 2/13/2024 10:26:54 AM EDT
[#30]
Quote HistoryQuoted: Will probably be down this morning and then back in the green by close as the market gets orgasmic over some AI news regarding the 5 stocks that are left still driving this train wreck. exactly |
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Posted: 2/13/2024 10:27:33 AM EDT
[#31]
doing some work on my rental, paint, tile etc. just bought a tube of silicone for $13, cheap ace paint $40 a gallon. gas here jumped 33 cents. got a few things at health food store, spent $150 and could carry it in one small bag.
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Posted: 2/13/2024 10:30:21 AM EDT
[#32]
Quote HistoryQuoted: Stocks don't like these numbers. Dow is down 1%. Take a look at the Russell 2000, it is down over 3%. |
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Posted: 2/13/2024 10:30:27 AM EDT
[#33]
Quote HistoryQuoted: 30-40 million illegals living in the country with 6-8 million more in the last 3 years driving demand. ~$2T in deficit spending every year now Rising interest rates ~$34T in .gov debt and rising at around $33B per day Another $150T in Unfunded Liabilities The American people have been sold out by both parties ...and people wonder why the economy is so messed up I’d like to subscribe to your newsletter. |
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Posted: 2/13/2024 10:32:29 AM EDT
[#34]
Interesting. Projected sales tax revenues here are -1.7%
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Posted: 2/13/2024 10:37:57 AM EDT
[#35]
Quote HistoryQuoted: Take a look at the Russell 2000, it is down over 3%. 40% of the companies in the Russell 2000 are unprofitable. Nothing to see here, especially when they go to refinance their debt at higher rates.
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Posted: 2/13/2024 10:41:41 AM EDT
[#36]
Run bull, run!
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Posted: 2/13/2024 10:47:06 AM EDT
[#37]
Times 10.
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Posted: 2/13/2024 10:49:29 AM EDT
[#38]
Quote HistoryQuoted: doing some work on my rental, paint, tile etc. just bought a tube of silicone for $13, cheap ace paint $40 a gallon. gas here jumped 33 cents. got a few things at health food store, spent $150 and could carry it in one small bag. Gas jumped from $3.35 to $3.69 in less than a week. Electric price went from 6.5c/kwh in 2020, to 11.3c/kwh now. Natural gas has seen similar jumps. Groceries, well up quite a bit, varies with what one buys. |
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Posted: 2/13/2024 10:50:44 AM EDT
[#39]
Quote HistoryQuoted: Run bull, run! Shits on sale, yo. |
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Posted: 2/13/2024 10:53:49 AM EDT
[#40]
Quote HistoryQuoted: Everyone who wants a job has a job What in the holy fuck are you talking about??? I have been looking for a job since August. I know of thousands of others in my same boat. Skilled professionals with work histories filled with successes and glowing recommendations. You can go on LinkedIn and read their posts detailing their struggles to find employment. You can talk to any recruiter in the country and they are seeing the same thing. I have about a dozen different recruiting companies trying to help me, and my story is the norm. |
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Posted: 2/13/2024 10:56:29 AM EDT
[#41]
I seem to remember Powell saying last year that he would like to see about 6% unemployment before lowering interest rates.
Long way to go. |
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Posted: 2/13/2024 10:57:02 AM EDT
[#42]
Quote HistoryQuoted: Core inflation is up 3.9% year over year. Translation: no interest rate cuts. Health insurance is -23% YoY as well.
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Posted: 2/13/2024 10:58:44 AM EDT
[#43]
Quote HistoryQuoted: What in the holy fuck are you talking about??? I have been looking for a job since August. I know of thousands of others in my same boat. Skilled professionals with work histories filled with successes and glowing recommendations. You can go on LinkedIn and read their posts detailing their struggles to find employment. You can talk to any recruiter in the country and they are seeing the same thing. I have about a dozen different recruiting companies trying to help me, and my story is the norm. Quote HistoryQuoted: Quoted: Everyone who wants a job has a job What in the holy fuck are you talking about??? I have been looking for a job since August. I know of thousands of others in my same boat. Skilled professionals with work histories filled with successes and glowing recommendations. You can go on LinkedIn and read their posts detailing their struggles to find employment. You can talk to any recruiter in the country and they are seeing the same thing. I have about a dozen different recruiting companies trying to help me, and my story is the norm. What industry? In the trades the job rush is kind of slowing, crews are running smaller and more efficient because bringing in new people proved to be a pain in the ass. I have to find a new guy and get him trained around June/July of this year because one of my guys is done in the fall. I'm dreading it. |
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Posted: 2/13/2024 10:59:51 AM EDT
[#44]
Quote HistoryQuoted: Monthly reminder that just because prices aren't lower doesn't mean that inflation hasn't softened. That's not correct. The inflation rate has softened, but inflation continues to go higher and higher. For inflation to soften, the CPI needs to go negative for a long time. |
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Posted: 2/13/2024 11:01:39 AM EDT
[#45]
Quote HistoryQuoted: Not good Dementia Hitler. Trickle down bidenomics. He spends all the printed money, and the inflation trickles down to the workers. |
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Posted: 2/13/2024 11:02:55 AM EDT
[#46]
Quote HistoryQuoted: No one wants to admit that at least a brief recession is needed to get things back in order. The Fed won't say it, but I think they know it. I think they are just praying to God that staying mum on rates will be enough as opposed to having to come in and actually raise rates again. Quote HistoryQuoted: Quoted: Core inflation is up 3.9% year over year. Translation: no interest rate cuts. No one wants to admit that at least a brief recession is needed to get things back in order. The Fed won't say it, but I think they know it. I think they are just praying to God that staying mum on rates will be enough as opposed to having to come in and actually raise rates again. I think we are far past that. |
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Posted: 2/13/2024 11:03:47 AM EDT
[#47]
Quote HistoryQuoted: The stock market has been trading on the notion of a soft landing as if it's in the bag despite the fact that historically it's a long shot. We could yet stick the landing but to be trading on that as a given really does set the market up for some potential disappointment. Quote HistoryQuoted: Quoted: Stocks don't like these numbers. Dow is down 1%. The stock market has been trading on the notion of a soft landing as if it's in the bag despite the fact that historically it's a long shot. We could yet stick the landing but to be trading on that as a given really does set the market up for some potential disappointment. 
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Posted: 2/13/2024 11:04:40 AM EDT
[#48]
Quote HistoryQuoted: What in the holy fuck are you talking about??? I have been looking for a job since August. I know of thousands of others in my same boat. Skilled professionals with work histories filled with successes and glowing recommendations. You can go on LinkedIn and read their posts detailing their struggles to find employment. You can talk to any recruiter in the country and they are seeing the same thing. I have about a dozen different recruiting companies trying to help me, and my story is the norm. Quote HistoryQuoted: Quoted: Everyone who wants a job has a job What in the holy fuck are you talking about??? I have been looking for a job since August. I know of thousands of others in my same boat. Skilled professionals with work histories filled with successes and glowing recommendations. You can go on LinkedIn and read their posts detailing their struggles to find employment. You can talk to any recruiter in the country and they are seeing the same thing. I have about a dozen different recruiting companies trying to help me, and my story is the norm. The big picture, not your particular anecdotal experience. Don't take it personally. There's no data out there that suggests a high level of unemployment right now. Not labor participation, not official unemployment, not the stock market, not the CPI, not the actual prices you can see with your own eyes at the store, no half empty planes flying to Vegas and casinos having to go back to comping rooms and waiving resort fees to get players...nothing. |
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Posted: 2/13/2024 11:08:24 AM EDT
[#49]
Quoted: Bidenomics = cook the books  Energy costs down, housing costs up... https://www.ar15.com/media/mediaFiles/126713/temp_jpg-3127703.JPG Sunday Gorcery List: Total was $82 for the below Dogfood bread sandwich meat 2# corned beef cheese drinks milk cream cheese |
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Posted: 2/13/2024 11:11:07 AM EDT
[#50]
Quote HistoryQuoted: That's not correct. The inflation rate has softened, but inflation continues to go higher and higher. For inflation to soften, the CPI needs to go negative for a long time. No, it doesn't. If the CPI slows down then inflation has softened. It doesn't have to go negative. |
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