OT: Stock and Investment Thread
- Thread starter RU05
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No surprise. Interventions don't work. Especially from a weak UK. They don't have the firepower to make a difference.
Inflation is alive and well. I went shopping at Shop rite today and see the ice pops increases another dollar to $6.00 when there was an increase last year of a dollar. I put off buying the steak at $13.00 pound and waiting for the sale. Everywhere I turn prices increasing but gas down to $3.20. My social security and pension covers my expenses but I see that in 10-20 years the expenses will double. Luckily I have enough that I can live off the earnings from my assets but many will be really living in poverty.
The Feds needs to crush inflation by continuing to increase rates until a hard recession until people are just happy to have a job, don’t complain about wages or going into the office. Everybody asking for more money now. The Fed Governor basically said the same on CNBC this morning.
The Feds needs to crush inflation by continuing to increase rates until a hard recession until people are just happy to have a job, don’t complain about wages or going into the office. Everybody asking for more money now. The Fed Governor basically said the same on CNBC this morning.
I purchase the same items basically every week or so that I know the swing in the price. I buy Lindy Italian ices and always wait until they are at a certain price
Almost every product has changing prices over the course of the month
I got burned basing a decision on selling based on potential taxes. I dont think I will ever make paying taxes on profits a major reason not to take gains again.
Yes, food inflation is probably the worst aspect that hits everyone. The practical impact of this is that people will cut back on discretionary spending like eating out and pricy vacations.
raising rates won't kill the inflation like it used, the demand drivers and overall fundamentals of how rates impact the mkt are much different. 2 things; fed balance sheet and having banks keep more on sheet for revolving debt (which will have them cut limits etc)
Restaurant inflation is where I noticed the most impact. Prices are up but serving sizes are way down.
My wife and I go to dinners the most and you really see the serving size difference. You order something that comes with fries and the fries are way smaller portion than years past
My good friend's ex-fiance worked for that guy at Deutsche. All I can say is that she was a real piece of work but made a nice income and didn't spend much. Tried to keep the $50K engagement ring but NY law was on his side. Excellent article and Weinstein has crushed it recently.
They are currently estimating that SS payments will increase by 8.7% in 2023 so that will help you. Realize that it is on a relatively low base. Official number comes out on Oct 13th.
Definitely see it at restaurants and we go out less or even order more take out to reduce cost. It’s tough because the price increases reduces the volume and if they don’t get the mix right then they start losing money. I see one of my old take out restaurants just went out of business.
Think you misunderstood me. It’s not a personal preference. It’s still math and should be factored in the calculation.
Gotta love the UK basically pulling a WSB YOLO by announcing tax cuts and QE in the midst of 10% inflation
I was on a different desk at DB but on the same floor. The funniest moment with him was when he was announced as the top paid trader on the street on CNBC. We all cheered him on hoping he would lunch.
I do like his explanation about credit spreads. Spot on.
Maybe the country will see deflation in our waistlines
Doubtful, if anything they will blow out further as people move to cheaper grains and wheat.
I see all the financial stocks keep going lower, banks, insurance company and brokerage no matter the PE. They are paying decent dividends but are the dividends safe?
I’m thinking about dipping my toe in some more financials. I also decided to get out of some of my stocks with PE greater than 24 yesterday. If APPL and MSFT can’t hold a 24 PE why would any other company?
I’m thinking about dipping my toe in some more financials. I also decided to get out of some of my stocks with PE greater than 24 yesterday. If APPL and MSFT can’t hold a 24 PE why would any other company?
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Truss is a financial hurricane. She has no idea what she is doing and is making a bad situation much worse.
Cruising down the highway’s today and there were still help wanteds all over the place.
in certain sectors at least, there could be a significant technical recession and still no job losses.
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Another anecdotal. Though this one being more negative.
There is a rather successful coffee shop in town that is closing because the rents were being raised.
Supposedly they were looking for a new spot but I don’t know.
Now as a rental property owner im not raising the rents of a good tenant to the point of them moving out but if they can get significantly more from someone else i guess thats capitalism at work.
There is a rather successful coffee shop in town that is closing because the rents were being raised.
Supposedly they were looking for a new spot but I don’t know.
Now as a rental property owner im not raising the rents of a good tenant to the point of them moving out but if they can get significantly more from someone else i guess thats capitalism at work.
Serious question, Who here is happy with the way this administration is running the country and economy?
There appear to be a lot of companies paying above minimum wage right now because there just isn’t enough workers out there. The market will drive it down when unemployment increases.
The tentative rail deal could also increase their wages 24%. Outside of the major pay increase there was a host of reasonable demands.
drive it down? it's got a floor, a floor that requires a fixed base on some of inflation we've seen.
lol, no one and anyone says that they are would be a prime example of why there should be some qualification to vote. Remember, it's the ballot that has led to more death and destruction than anything else.
Downgraded by BOA, however upgraded by Rosenblatt. I wonder what happens tomorrow with it.
