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Started By
Message
CPI comes in hot at 3.4%
Posted on 5/15/24 at 7:36 am
Posted on 5/15/24 at 7:36 am
Best economy ever
10
Posted on 5/15/24 at 7:37 am to StayStrapped
Reason Biden put out the tweet this morning that he will debate in June and Sept…
Posted on 5/15/24 at 7:38 am to StayStrapped
Not great, not terrible.
Posted on 5/15/24 at 7:41 am to StayStrapped
Posted on 5/15/24 at 7:42 am to StayStrapped
What is the YoY compounded interest at this point of Biden’s illegitimate term?
Posted on 5/15/24 at 7:43 am to StayStrapped
I knew that was why they raised the gas prices. They needed to slow this thing down.
Posted on 5/15/24 at 7:44 am to ItNeverRains
Market up bc the fed isn’t going to cut rates anytime soon.
Posted on 5/15/24 at 7:47 am to Lsut81
quote:
Market up bc the fed isn’t going to cut rates anytime soon.
Based on compounded YoY inflation during Biden admin what does the market value mean in real gains for the American people?
Posted on 5/15/24 at 7:51 am to ItNeverRains
quote:
Based on compounded YoY inflation during Biden admin what does the market value mean in real gains for the American people?
What it means for the people who own equities is that they have mostly hedged the worst effects of inflation. They are essentially flat since 2021. For the majority of people who don’t have much in equities, they have been fricked.
Posted on 5/15/24 at 7:53 am to Lsut81
quote:
Market up bc the fed isn’t going to cut rates anytime soon
10yr broke under 4.4%
MBS up big. They 100% are cutting when Unemployment hits 4.2% just in time for a rally before Nov
Posted on 5/15/24 at 7:58 am to StayStrapped
quote:
The CPI — the Federal Reserve’s preferred inflation gauge — rose 0.3% for the month of April, lower than estimates for a 0.4% monthly increase, according to economists polled by Dow Jones. The measure rose 3.4% year-over-year, coming in line with expectations. Monthly and yearly numbers for core CPI, which excludes volatile food and energy prices, were both in line as well.
LINK
Posted on 5/15/24 at 8:02 am to StayStrapped
Came in right around estimates for YoY, .1 below MoM estimates.
This pushes the Fed closer to cutting in September. We'll see what happens over the summer.
This pushes the Fed closer to cutting in September. We'll see what happens over the summer.
Posted on 5/15/24 at 8:08 am to RollTide1987
quote:
Not great, not terrible.
When CPI is greater than GDP...not good.
Plus over time the government bureaucrats have incrementally weighted down the CPI numbers. Of course the government calls them "improvements".
This post was edited on 5/15/24 at 9:41 am
Posted on 5/15/24 at 8:11 am to ItNeverRains
quote:
Based on compounded YoY inflation during Biden admin what does the market value mean in real gains for the American people?
S&P 500 is up over 40% with dividends reinvested since February 2021 to now. Thats including the 2nd worst bear market of the last 20 years in 2022 factored in.
If you stayed invested and in equities, you've made out pretty well. If you kept a lot of cash, you've destroyed your value.
This post was edited on 5/15/24 at 8:13 am
Posted on 5/15/24 at 8:12 am to GumboPot
Yield curve still inverted. For how long now. Recession can't be far off.
Posted on 5/15/24 at 8:13 am to StayStrapped
But...it's lower (ignore they dumped a couple of "troublesome" indicators our last month).
Posted on 5/15/24 at 8:19 am to GumboPot
quote:
quote:Not great, not terrible. When CPI is greater than GDP...not good. Plus overtime the government bureaucrats have incrementally weighted down the CPI numbers. Of course the government calls them
I believe that he was making a Chernobyl reference.
Posted on 5/15/24 at 8:51 am to ItNeverRains
quote:
Based on compounded YoY inflation during Biden admin what does the market value mean in real gains for the American people?
Regardless, though they claim now the rate of inflation is stable at 3.4% the cumulative and compounding affect of inflation at 20% + remains.
This post was edited on 5/15/24 at 9:07 am
Posted on 5/15/24 at 9:07 am to Marye
quote:
"For instance, though Biden and many economists have long resorted to the Consumer Price Index (CPI) as the most reliable indicator of inflation, there is ample reason to believe CPI is not a truly representative marker of inflationary forces."
Its only truly a marker when it is positive for the incumbent, any other time it means absolutely nothing.
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