Investing General Discussion

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Sanrith Descartes

Sanrith Descartes

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MA with the double beat. More importantly revenue up 21% year over year and earnings up 31% year over year.

Mastercard Q2 EPS $2.56 Beats $2.35 Estimate, Sales $5.50B Beat $5.26B Estimate
 
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Sanrith Descartes

Sanrith Descartes

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1659012998544.png
 
Sanrith Descartes

Sanrith Descartes

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swayze22 said:
US GDP -0.9%

prices up 8.7%

stagflation
Click to expand...
In before Biden and the press all tell us we aren't actually in a recession, that the definition of 2 consecutive quarters of negative growth isn't the "official" definition.
 
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Mist

Mist

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swayze22 said:
US GDP -0.9%

prices up 8.7%

stagflation
Click to expand...
You can't have "stagflation" with >two open job positions for every applicant.

There may not be a historical context for what we've done or what we're going into. The supply constraints and the 2 years of rampant M2 money printing combined make for a terrible situation, and yet the economy is still basically functioning "fine", in that people have jobs and demand for basically everything, from goods to services to labor, remains significantly higher than supply.
 
Aldarion

Aldarion

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Creslin said:
This is bullish for stocks?
Click to expand...
If this year has taught me anything, its that no matter what happens in the world or the market, there is a bigass group of people who think its bullish for stocks. And will probably chime in right after my post explaining why yes this is bullish and today is obviously the day to buy.

The thing is, once you realize that this is the case for all events no matter what, you stop caring what their rationalization is
 
Mist

Mist

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If you have excess money that you aren't going to need for 20 years, it's always buying day.
 
Gravel

Gravel

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Mist said:
You can't have "stagflation" with >two open job positions for every applicant.

There may not be a historical context for what we've done or what we're going into. The supply constraints and the 2 years of rampant M2 money printing combined make for a terrible situation, and yet the economy is still basically functioning "fine", in that people have jobs and demand for basically everything, from goods to services to labor, remains significantly higher than supply.
Click to expand...
Demand is up, potentially (and probably likely), because the cost of borrowing is significantly lower than inflation.

Everyone is pulling buying forward because it's cheaper to do so than to wait a year and eat the inflation cost on top of it.

It's why I keep repeating that inflation begets more inflation. If you're a farmer who needs a new tractor, or fertilizer for next season, you buy that shit now, on credit if you have to, because the gap between inflation and borrowing is at a minimum 5-6%.
 
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Borzak

Borzak

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I'm in the camp of there's a lot of money that has filtered in after being poured into the economy trillions at a time, it has to go somewhere.
 
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