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re: US CPI data release today

Posted on 2/16/23 at 9:06 am to
Posted by Hussss
Living the Dream
Member since Oct 2016
6745 posts
Posted on 2/16/23 at 9:06 am to
quote:

You are kidding yourself if you really believe that garbage you just typed.


Oh yeah?

How about I lay it out for you in simple layman’s terms: EVERYONE is turning on the Fed. Even Steve LIESman on CNBC.

Here’s the deal: the Fed is going to be the fall guy for the complete shitstorm en route.

Your new master(s) will be the World Bank, IMF, UN and WEF.

Full stop.
Posted by go ta hell ole miss
Member since Jan 2007
13664 posts
Posted on 2/16/23 at 9:12 am to
quote:

How about I lay it out for you in simple layman’s terms: EVERYONE is turning on the Fed. Even Steve LIESman on CNBC.


As well they should be. Are you praising the fed?

You did not even mention unemployment and wage growth, which is a huge component of what the fed cares about and they are losing that battle, too.

The markets want to go higher and everyone is up 25-40% right now, so I am fine with tbe market moves. The economy is what is concerning, though. Six months from now we are going to be worse off than we are today. If Powell (and admittedly the government with out o control spending) had been doing his job effectively that would not be the case.
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