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Furry

Furry

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Mist said:
Sriracha not stonks:

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I dunno, got a pic from my favorite siberian furry of a Russian far east cookout. Apparently they spread Gochujang on sausages like we do ketchup, and they like to grill squash like fries or something.

wooop.jpg
 
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Jysin

Jysin

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Arbitrary said:
The expectation from the smarties is Powell is going to chicken out and go back to stimulus so buy the dip.
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They did this in 2018 when we had zero inflation. They were trying to normalize rates upwards and the markets puked in Q4. Fed backed off and we continued the bull run in 2019.

The massive elephant in the room now is 40 year high persistent inflation. That is going to take precedence over the market conditions. They must keep raising, market be damned, until those numbers start to come down.

My take is we are in for more pain before it gets any better.
 
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Mist

Mist

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Furry said:
How is inflation work?????
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You only tax profits, which is revenue minus costs. So if costs were really going up and outpacing revenue growth, you'd see tax collection going down, not up.

Clearly, the opposite is happening, and profits are outpacing costs. Also, clawing money back out of the economy through taxes is certainly one way to bring down the money supply.
 
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Furry

Furry

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Mist said:
You only tax profits, which is revenue minus costs. So if costs were really going up and outpacing revenue growth, you'd see tax collection going down, not up.

Clearly, the opposite is happening, and profits are outpacing costs. Also, clawing money back out of the economy through taxes is certainly one way to bring down the money supply.
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Oh lawdy I’m just gonna do the proper thing and nope out of this fight.
 
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Kiroy

Kiroy

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Mist said:
You only tax profits, which is revenue minus costs. So if costs were really going up and outpacing revenue growth, you'd see tax collection going down, not up.

Clearly, the opposite is happening, and profits are outpacing costs. Also, clawing money back out of the economy through taxes is certainly one way to bring down the money supply.
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no wonder for the last year you didn't believe in inflation, you don't know what it is or does
 
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Zzen

Zzen

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Yeah, if this is what this thread is going to be like in a bear market, then just make the money printer go brrrr until the whole thing burns to ground.
 
Zog

Zog

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Futures looking bloody, most likely gapping down to support, the million dollar question... Will it hold?

I'll just be happy to see the indexes do something rather than trade sideways like it has the past month.

I just can't believe there was people thinking that last cpi report was going to be good.

As hard headed as the fed was about raising rates they will be just as hard headed to not pull the nose up.
 
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Wingz

Wingz

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Oh...a bold (aka minor) move possible?

news.yahoo.com

Soaring inflation fuels bets on sharper Fed rate hikes

(Reuters) -Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance by delivering a jumbo-sized interest rate hike in coming months. Fed policymakers had already all...
news.yahoo.com news.yahoo.com


.75 A 75 basis point move? Yea this fed is not serious in any way if that is being bold.

"These are ugly numbers. ... I’d say we’ll probably be in a recession in the fourth quarter of this year with confirmation in the second quarter of 2023,” said Peter Cardillo, chief market economist at Spartan Capital Securities.
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Yes because being in a recession now instead of in 2023 would be ridiculous.


So..any thoughts as to what to buy in this bloody week?
 
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Sanrith Descartes

Sanrith Descartes

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Binance just halted BTC withdrawals. Prepare for a major run across lots of investment instruments as people decide cash is the place to be. Welcome to fear.

 
Sanrith Descartes

Sanrith Descartes

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In hindsight, maybe loading up your balance sheet with BTC wasn't the brightest idea.

edit: $30,700 cost basis on 129,200 tokens. Napkin math has MSTR at a paper loss of $905,692,000 as of this writing.

Mother of fucking God.

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Jysin

Jysin

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$REV (Revlon) preparing to file for Ch11 bankrupty as soon as this week.

The first of many to come.
 
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Furry

Furry

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Wingz said:
.75 A 75 basis point move? Yea this fed is not serious in any way if that is being bold.
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we need a big boy move to put this situation in its place. Russia dropped a >1000 bp move and shot inflation in the dick.
 
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