Investing General Discussion

Sanrith Descartes · Jul 6, 2022

"MANY FOMC MEMBERS SAW SIGNIFICANT RISK OF 'ENTRENCHED INFLATION"

Fuck you to ever one of these cocksuckers who promoted the "transitory" lie.

Sanrith Descartes · Jul 6, 2022

11-straight red candles.

Mist · Jul 6, 2022

Flobee said:
USD is the ship sinking the slowest, but its still sinking. DXY ripping is causing a ton of unrest around the world and other currencies debase. Highest since 2002. So long as EURO and JPY keep getting wrecked USD will strengthen and risk-on assets will trend downward. Japan has driven off the MMT cliff and EU is heading into winter with no reliable power source (outside RU lol...who won't accept EURO). I'd expect continued currency weakness (combined 70% of DXY weight). This isn't really the formula for a rebound in equities.. we'll see I guess

View attachment 420646

lol "only in relation to other fiat currencies" as opposed to crypto which is just going to the moon, right? LOOOOOOOOOOOOOOL

Big Phoenix · Jul 6, 2022

Sanrith Descartes said:
"MANY FOMC MEMBERS SAW SIGNIFICANT RISK OF 'ENTRENCHED INFLATION"

Fuck you to ever one of these cocksuckers who promoted the "transitory" lie.

Sure would be nice to see all their trading activity the past year.

Sanrith Descartes · Jul 6, 2022

Big Phoenix said:
Sure would be nice to see all their trading activity the past year.

Pretty sure it's all available.

Flobee · Jul 6, 2022

Mist said:
lol "only in relation to other fiat currencies" as opposed to crypto which is just going to the moon, right? LOOOOOOOOOOOOOOL

As opposed to food, commodities and durable goods. You know, things people have to buy no matter what... USD is debasing in real terms while gaining in value against other currencies. You can't measure inflation against other inflationary currencies.

Big Phoenix · Jul 7, 2022

Sanrith Descartes said:
Pretty sure it's all available.

Im sure all these people who have willyfully ignored their fiduciary role and outright lied are 100% honest about the totality of their trading.

Burns · Jul 7, 2022

Big Phoenix said:
Im sure all these people who have willyfully ignored their fiduciary role and outright lied are 100% honest about the totality of their trading.

I would suspect almost all officials are going to follow reporting requirements, or they have some legal loophole.

It's much harder to prove a fiduciary duty was not met, vs having at least one autist investigator digging through trades pinging suspicious trades (so said investigator can then use that info to get a better job).

Arden · Jul 7, 2022

Lots of loopholes and end arounds (spouses etc) and definitely more than a few failures to report. People actively serving in congress shouldn't be able to trade while in office. Period.

Big Phoenix · Jul 7, 2022

Burns said:
I would suspect almost all officials are going to follow reporting requirements, or they have some legal loophole.

It's much harder to prove a fiduciary duty was not met, vs having at least one autist investigator digging through trades pinging suspicious trades (so said investigator can then use that info to get a better job).

One low hanging fruit already resigned for financial misconduct. You think the various chairs and jpowell arent fucking around? No way in hell they arent.

Burns · Jul 7, 2022

Big Phoenix said:
One low hanging fruit already resigned for financial misconduct. You think the various chairs and jpowell arent fucking around? No way in hell they arent.

*aren't fucking around in easy to prove ways...

-yes, I am of the opinion that they, like all super wealthy are using an army of lawyers to advise them on how best to grift and skim.

Aldarion · Jul 7, 2022

BOIL just casually up 24% mid morning, no biggie

also,

GDPNow said:

Latest estimate: -1.9 percent — July 7, 2022
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.9 percent on July 7, up from -2.1 percent on July 1.

Click to expand...

still negative, but a tiny bit less negative

Jysin · Jul 7, 2022

Boomer investor move!

There’s a Low-Risk Way for Investors to Earn 9.62% Returns Right Now

Nearly $3.5 billion of Series I savings bonds were sold in June as US investors flocked to their inflation-protected yields.

www.bloomberg.com

Quite solid zero risk strategy, but $10k limit is lame.

Sanrith Descartes · Jul 7, 2022

Arden said:
Lots of loopholes and end arounds (spouses etc) and definitely more than a few failures to report. People actively serving in congress shouldn't be able to trade while in office. Period.

Blind trusts should be the law.

Jysin · Jul 8, 2022

08:51 (US) Fed's Bostic (non-voter, hawk): Fully supports 75bps hike at July meeting - CNBC interview
- Tremendous momentum in the economy shows 75bps move won't mean protracted economic damage
- On inflation by some estimates, things have not changed at all
- I've had to adapt on where I think policy should go; We need to move more aggressively
- Economy is starting to slow; First signs of slowdown are what we need
- This jobs report shows the economy is strong; There is still a lot of labor market moment
- These jobs numbers show just minor signs of slowing; We need more sustained and more significant slowing
- We're starting to inch in the right direction but need to see a lot more

Furry · Jul 8, 2022

Jysin said:
Boomer investor move!

There’s a Low-Risk Way for Investors to Earn 9.62% Returns Right Now

Nearly $3.5 billion of Series I savings bonds were sold in June as US investors flocked to their inflation-protected yields.

www.bloomberg.com

Quite solid zero risk strategy, but $10k limit is lame.

Investing based on inflation when the government is actively lying about inflation doesn't seem a solid choice to me. There's a lot of money in Europe, and we won't see the bad stuff until their economy really starts to capitulate. We're still only in the beginning of this shit show.

Gravel · Jul 8, 2022

Jysin said:
08:51 (US) Fed's Bostic (non-voter, hawk): Fully supports 75bps hike at July meeting - CNBC interview
- Tremendous momentum in the economy shows 75bps move won't mean protracted economic damage
- On inflation by some estimates, things have not changed at all
- I've had to adapt on where I think policy should go; We need to move more aggressively
- Economy is starting to slow; First signs of slowdown are what we need
- This jobs report shows the economy is strong; There is still a lot of labor market moment
- These jobs numbers show just minor signs of slowing; We need more sustained and more significant slowing
- We're starting to inch in the right direction but need to see a lot more

I wish these people weren't so full of shit.

Labor participation is at the lowest it's been since 1977. "Jobs numbers are great!" Fuck off. Like yeah, maybe they look good in comparison to when you shut down the entire economy, but that's not really what I'd call "healthy."

Jysin · Jul 8, 2022

Looking at that chart, my intuition says we've been on on downward streak since early 2000s. The chart is basically showing the boomer generation retiring and Covid basically fast forwarding a lot of retirement plans. Especially if you consider where their investment portfolios went over the last 2 yrs. They ain't coming back. Period... unless we completely erode the value of the dollar via inflation to shit and everyone is forced back into work to pay for $20/gal gas and $10 loaves of bread.

Otherwise, you need to open the immigration floodgates or convince everyone to start procreating if you want those 2000s era labor numbers.

Replacement (of deaths) level birthrate is 2.1 per woman. We have been well under that for a while now and only declining further.

PS fun fact: UK hasn't seen replacement level birth rates in over 50 years. Yay immigration?

Furry · Jul 8, 2022

Was gonna comment on what's necessary to fix birth rates, but realized I'm in the adult forum. Needless to say there is no answer you'll find here, except perhaps Islam.

Jysin · Jul 8, 2022

More Americans Are Self-Employed Than Any Time Since 2008 Crisis

The share of the US workforce that’s self-employed has climbed to the highest level since the Great Recession, as the pandemic jobs shake-up spurred many Americans to try working for themselves.

www.bloomberg.com

Many Americans were pushed into trying self-employment when millions of jobs vanished almost overnight in the early weeks of the pandemic. Others have taken the decision voluntary, quitting their jobs and no longer seeking to work for others. The so-called quits rate has surged in the past two years, with 4.3 million workers leaving in May alone.

Investing General Discussion

You have insufficient privileges to reply here.

You have insufficient privileges to reply here.

REEEEeyore

Pronouns: zie/zhem/zer

You have insufficient privileges to reply here.

Vyemm Raider

Pronouns: zie/zhem/zer

Avatar of War Slayer

Blackwing Lair Raider

Pronouns: zie/zhem/zer

Avatar of War Slayer

Egg Nazi

GDPNow said: Latest estimate: -1.9 percent — July 7, 2022 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.9 percent on July 7, up from -2.1 percent on July 1. Click to expand...

Ahn'Qiraj Raider

You have insufficient privileges to reply here.

Ahn'Qiraj Raider

Email Loading Please Wait

Mr. Poopybutthole

Ahn'Qiraj Raider

Email Loading Please Wait

Ahn'Qiraj Raider

GDPNow said:

Latest estimate: -1.9 percent — July 7, 2022
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.9 percent on July 7, up from -2.1 percent on July 1.

Click to expand...