Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Sanrith Descartes
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Mist
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Exactly. I remember paying ~3.80 in RI for gas during Bush2Term2 two summers in a row while the job market was doing poorly nationally and terribly locally.Ford CEO stating that auto loan delinquencies increasing.
Follow up on this I find interesting: He also states that SUV demand remains robust despite gas prices. I remember living in the states in ~2005 (pre financial crisis) and gas prices hit $3 and people lost their minds. SUVs were being severely marked down and used market was basically giving them away. Meanwhile, Toyota Prius was on months long backorders.
I guess the takeaway is, people in general still have some cash piles and willing to bear those costs. See if this situation changes come an actual prolonged recession.
Also:
US Retail Sales Post First Drop in Five Months as Auto Purchases Plunge
www.bloomberg.com
The fact that people still somehow have cash in their pockets after paying food and gas expenses is why these prices won't come down. In many ways I'm surprised gas prices aren't higher than they are, at least locally.
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Sanrith Descartes
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ABBV sitting right at the 200-DMA and I am going to pass for now. As much as I like the stock I still think it is over-priced for the market. Hopefully it breaks lower from the 200 of the Fed fucks shit up today crashes everything.
Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Jysin
Ahn'Qiraj Raider
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- Raises Median forecast for end-2022 rate 3.375% (prior 1.875%)
- Raises Median forecast for end-2023 rate 3.75% (prior 2.75%)
- Raises Median forecast for end-2024 rate 3.375% (prior 2.75%)
- Raises Median forecast for Long Run rate 2.50% (prior 2.375%)
- Raises Median forecast for end-2023 rate 3.75% (prior 2.75%)
- Raises Median forecast for end-2024 rate 3.375% (prior 2.75%)
- Raises Median forecast for Long Run rate 2.50% (prior 2.375%)
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Mist
REEEEeyore
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Sanrith Descartes
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Jysin
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14:00 *(US) FOMC RAISES TARGET RANGE BY 75BPS TO 1.50-1.75% (AS SPECULATED); BALANCE SHEET REDUCTION TO PROCEED AT ANNOUNCED PACE; SEES ONGOING RATE HIKES TO BE APPROPRIATE
- IOER raised by 75bps to 1.65%
- Vote was 10-1; George dissented, wanted 50bps raise
- Projections show Fed expects to start cutting rates in 2024
- 'Highly attentive' to inflation risks
- Prepared to adjust policy stance if risks emerge that could impede attainment of goals
- COVID lockdowns to likely exacerbate supply chain disruptions
- Overall economic activity appears to have picked up
- Projections show Fed expects to start cutting rates in 2024
- IOER raised by 75bps to 1.65%
- Vote was 10-1; George dissented, wanted 50bps raise
- Projections show Fed expects to start cutting rates in 2024
- 'Highly attentive' to inflation risks
- Prepared to adjust policy stance if risks emerge that could impede attainment of goals
- COVID lockdowns to likely exacerbate supply chain disruptions
- Overall economic activity appears to have picked up
- Projections show Fed expects to start cutting rates in 2024
Sanrith Descartes
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Inflation running at least at 10% and they want to go to 3.375 by year end. Stupid fuckers.
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Sanrith Descartes
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They coming to realize seeing the notes that the FED is worthless and its going to let Inflation keep running rampant.
Sanrith Descartes
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You just realizing this?ApparentlyMist doesnt read anything on this thread and just shitposts.
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