OU Ariakas
Diet Dr. Pepper Enjoyer
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How about the SF Fed doesn't get to define what amount of savings is excessive. I choose how to spend and save my money and fuck any banker or banking analyst who says they know better.
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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!
How about the SF Fed doesn't get to define what amount of savings is excessive. I choose how to spend and save my money and fuck any banker or banking analyst who says they know better.
Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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It just means accumulated savings in excess of projections (there was a large deviation during the pandemic), not that they're unnecessary or undesirable. $500B is down from $2+T or whatever it was a year or two ago.
Edit:
Personal savings rate in U.S. 2015-2024 | Statista
The U.S. savings rate peaked in April 2020, with the rate in March 2023 being nearly seven times smaller in comparison.
www.statista.com
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Sanrith Descartes
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Jysin
Ahn'Qiraj Raider
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Remember this name was trading $400 in 2021. Even with this huge gap up on earnings, it is trading $19. Those are some heavy bags for folks.
Then there's always this legendary gem:
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Sanrith Descartes
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"Consumer prices in April showed inflation pressures remain elevated in the US economy while headline prices rose at the slowest annual rate since the period ending April 2021.
According to the latest data from the Bureau of Labor Statistics released Wednesday morning, the Consumer Price Index (CPI) revealed headline inflation rose 0.4% over last month and 4.9% over the prior year in April, an acceleration from March's 0.1% month-over-month increase but a slight slowdown from March's 5% annual gain."
finance.yahoo.com
According to the latest data from the Bureau of Labor Statistics released Wednesday morning, the Consumer Price Index (CPI) revealed headline inflation rose 0.4% over last month and 4.9% over the prior year in April, an acceleration from March's 0.1% month-over-month increase but a slight slowdown from March's 5% annual gain."
Inflation: Consumer prices in April rise at slowest annual rate in 2 years
Consumer prices in April showed inflation pressures remain elevated in the US economy while headline prices rose at the slowest annual rate since the period ending April 2021.
Sanrith Descartes
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I had to look them up to see what they did. It made me lol.
Description
Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank and credit union partners. The company was founded in 2012 and is headquartered in San Mateo, California.- 1
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Sanrith Descartes
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Fogel
Mr. Poopybutthole
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Was able to write and buy back AMD puts both Monday and Tuesday on the open. Got 80%+ each on both. It technically still hasn't made a new high, so I'm looking in the 90$ range to sell future puts, but just going to watch it for the rest of the week and react accordingly.
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Edaw
Parody
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Big Phoenix
Pronouns: zie/zhem/zer
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Guh
Also didnt amazon just say aws is slowing down in their cc a week ago?
Sanrith Descartes
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Liquified my AAPL, MSFT and FTEC. I havent held this much cash since pre-Covid. The market will now go vertical. You're welcome.
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