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PPI Hotter Than “Expected”

Posted on 2/16/23 at 8:26 am
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 2/16/23 at 8:26 am
Have to keep raising those rates. It’s not working so they will do more.

What’s the definition of insanity?

See it yet?

The collapse that is coming is completely to fulfill their end game. To be the lender and buyer of last resort. To literally own it all.

The middle class is being culled.

Well done Central Banking cartel of the planet.

Pure evil.
This post was edited on 2/16/23 at 8:30 am
Posted by go ta hell ole miss
Member since Jan 2007
14570 posts
Posted on 2/16/23 at 9:07 am to
PPI is hotter, CPI is hotter than expected and manufacturing is weaker. They should have been cutting more aggressively all along and been much more aggressive with QT by depressing the balance sheet.. Powell has been clueless for the last 24 months.
This post was edited on 2/16/23 at 9:37 am
Posted by Thundercles
Mars
Member since Sep 2010
6133 posts
Posted on 2/16/23 at 9:09 am to
quote:

Have to keep raising those rates. It’s not working so they will do more.

It's not working because 13 years of free money have convinced people that this is a feint and the Fed will capitulate before it fully comes into effect, so kept spending like assholes and kept stocks and property inflated to insane levels.

And sure enough, in the last announcement everyone universally agreed that the Fed was capitulating before the job was done and then we immediately got to realize how short sighted that was. This will likely change the tone at the next rate hike announcement to get people to fricking relax a it on spending.
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 2/16/23 at 9:09 am to
Powell is not clueless.

He is fulfilling his role.

Again, the Fed will be the fall guy and the global institutions will take over introducing CBDC.

World Bank, IMF, UN, WEF.
Posted by go ta hell ole miss
Member since Jan 2007
14570 posts
Posted on 2/16/23 at 9:35 am to
quote:

Powell is not clueless. He is fulfilling his role.


“Readings on inflation have increased and are likely to rise somewhat further before moderating,” Powell in April 2021. “However, these one-time increases in prices are likely to have only transitory effects on inflation.” Of all the posters on this board, there is nobody I am happier to be in disagreement with than you.

What role has Powell fulfilled in the last 24 months? Inflation is at a 40 year high, almost exclusively because in 2021 he sat on his hands and believed inflation was “transitory”. He has been too passive in shrinking the balance sheet, too, because he only wants people to focus on the funds rate and not QT. He has failed the last two years. The impacts will be even more apparent as this year goes on.

Market is in full risk on mode and I am most happy about how easy it is to make money in the market right now after getting pummeled last year, but the economy is not strong.

Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 2/16/23 at 9:50 am to
Buddy, I’m sorry you aren’t understanding me.

What you described about Powell being so wrong is exactly my point in him “fulfilling his role.”

Him being so wrong has enabled and empowered everyone to turn against the Fed exactly as the global script had it laid out so that the global institutions I listed can come in and play “savior” with CBDC.

You’ve only seen the opening act.

It’s going to get wild and messy.

quote:

I am most happy about how easy it is to make money in the market right now


This is exactly how the market makes people think and speak before the punishment comes. When the heavily shorted stuff flares up it has marked major turns. We shall see.

Good luck.
This post was edited on 2/16/23 at 9:57 am
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
43156 posts
Posted on 2/16/23 at 9:59 am to
quote:

What’s the definition of insanity?


The state of being seriously mentally ill.
Posted by go ta hell ole miss
Member since Jan 2007
14570 posts
Posted on 2/16/23 at 9:59 am to
quote:

This is exactly how the market makes people think and speak before the punishment comes. Good luck.


I am under no illusion that this is going to last. It can’t. I am like Matt Damon this year, get your money in when you have the best of it, and protect it when you don’t. Good luck to you, too. I think we both agree the pain is likely to come later this year.
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 2/16/23 at 9:59 am to
Well said
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 2/16/23 at 10:01 am to
quote:

The state of being seriously mentally ill.


Which is exactly what’s wrong with the global narcissistic and sociopathic megalomaniacs running OUR monetary system.
Posted by skewbs
Member since Apr 2008
2195 posts
Posted on 2/16/23 at 10:06 am to
Let's change "never fight the Fed" to "never fight the American consumer".

Write that down.
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 2/16/23 at 10:09 am to
quote:

Let's change "never fight the Fed" to "never fight the American consumer".



Well those strong “American consumer” credit cards won’t pay themselves when the Fed keeps raising and laughing while whacking employment with their “hammer and sickle.”
This post was edited on 2/16/23 at 10:11 am
Posted by skewbs
Member since Apr 2008
2195 posts
Posted on 2/16/23 at 10:14 am to
quote:

Well those “strong American consumer” credit cards won’t pay themselves


I'm purposely trying to play devil's advocate here. Isn't unemployment at an all time low? Are you assuming the entire country, who is employed, has no means to pay their credit card debt? Don't forget about rising wages.

A large % of the population has a shitty credit score and isn't worried about defaulting on a credit card balance. The CC companies will work with them to pay it down, pay it off slower, or some other situation to get payments.

The doom and gloom glasses are tinted as strong as they get with you and go to hell ole miss.
This post was edited on 2/16/23 at 10:15 am
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 2/16/23 at 10:19 am to
quote:

The doom and gloom glasses are tinted as strong as they get with you


If you knew what I know you would completely understand exactly why this is.
Posted by skewbs
Member since Apr 2008
2195 posts
Posted on 2/16/23 at 10:51 am to
You should live by your sig quote Hussss!
Posted by el Gaucho
He/They
Member since Dec 2010
58525 posts
Posted on 2/16/23 at 5:20 pm to
I hope it all collapses soon. Either nukes or economic

Hussssss you can join my Indian tribe after the apocalypse
Posted by FLObserver
Jacksonville
Member since Nov 2005
15850 posts
Posted on 2/16/23 at 6:00 pm to
quote:

I think we both agree the pain is likely to come later this year.


The bears have entered the chat after some time off. Where's i love bama ?
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57978 posts
Posted on 2/17/23 at 10:38 pm to
quote:

The bears have entered the chat after some time off. Where's i love bama ?


After this, CPI being a little hotter than expected (MoM) and job growth continuing to be stronger than expected, do you think the Fed will stick with .25 in March or do you think it will be more?
Posted by go ta hell ole miss
Member since Jan 2007
14570 posts
Posted on 2/18/23 at 8:19 am to
quote:

The bears have entered the chat after some time off. Where's i love bama ?


I am not a bear at all. I was a bear last year and said interest rates were going to skyrocket. Explain what I missed on being bearish last year?. If you read my post instead of just finding something to support a narrative you will see I mention several times how good the current situation in the market is. After getting pummeled last year I have made up those losses in six weeks (thanks to big plays in NVDA and META, but several other stocks, too).

This market still wants to go higher and I think it will go to 4300. It is documented that I believe that META was going to be up big this year (before their earnings report and major move up). Said NVDA is going to 3-400 in the next couple of years (that was even before this recent run up). Said ON, TSM and WWE will all be up big this year. I missed on a technical short of Tesla at $175, but went bullish on TSLA at 201 and still think it fills a gap to $233. I said Freeport and RIO are position to have very strong years. All documented. It has not been documented on here, but I will document it now that I believe GOOG is massively oversold and will go to $120-130 from these levels. It is also not documented, but I believe SAVA has major potential upside from current levels. Those seem like bearish calls? I am not bearish at all.

Explain how me thinking this market is going to 4300 is bearish? You head in the sanders just have a hard time recognizing the market is not always going to return 10%. Anytime someone suggests that everything is not going to remain sunshine and rainbows you get all bent out of shape.

I still stand by my statements that the FED has been terrible since 2021 and continues to be terrible. Their incompetence has us in this mess and their unwillingness to drop the hammer is going to keep us in this mess WAY longer than we ever should have been.
This post was edited on 2/18/23 at 8:44 am
Posted by go ta hell ole miss
Member since Jan 2007
14570 posts
Posted on 2/18/23 at 8:35 am to
quote:

After this, CPI being a little hotter than expected (MoM) and job growth continuing to be stronger than expected, do you think the Fed will stick with .25 in March or do you think it will be more?


This was precisely my complaint. I am not bearish. I think the FED has massively screwed up on inflation. The drop back to .25 was too quick and now if they start going back to .50 the market is going to overact to the downside. They also necessarily required additional rate hikes later in the year. They continue to be the story because they would not admit a massive mistake, move aggressively to correct it and be done. The FED and inflation has been the headline for way too long as a result of their screwup on initial reads if inflation being transitory and continued missteps since.
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