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FEDERAL RESERVE Fedís Waller promises to tackle inflation, says mistakes of the í70s wonít be repeated


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#1 pdx5

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Posted 12 May 2022 - 06:49 PM

Oh no's do we have a budding Volcker in the making here?

 

https://www.cnbc.com...e-repeated.html

 

One of the reasons I keep posting news about INFLATION is it is what is the driving force to direct market direction. Ignore TA until inflation results show the way.


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#2 fib_1618

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Posted 12 May 2022 - 08:36 PM

Blah, blah, blah…more fundamentalist absurdity.

 

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#3 redfoliage2

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Posted 12 May 2022 - 10:33 PM

Forget about what he says, he must be currently shooting stocks purebs.gif .............................

Both CPI and PPI just released say inflation topped  ................


Edited by redfoliage2, 12 May 2022 - 10:38 PM.


#4 pdx5

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Posted 12 May 2022 - 11:29 PM

Forget about what he says, he must be currently shooting stocks purebs.gif .............................

Both CPI and PPI just released say inflation topped  ................

Topped at what level? 7%?  8%/

Can workers live with "topped" 8% interest rates for several months or even years?


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#5 pdx5

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Posted 12 May 2022 - 11:29 PM

Blah, blah, blah…more fundamentalist absurdity.

 

Fib

How is your crypto currency push working out?


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 qqqqtrdr

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Posted 13 May 2022 - 09:30 AM

The Fed at this point do not need to tackle inflation.   Prices have already topped for most items, and all they need to do is not add to liquidation...   This will take care of the demand side of the inflation issue by easing demand..     Unfortunately, congress given its make up will not handle the supply side of the issues by making progress of getting things through ports easier, are making diesel lower which is the bigger problem on inflation..



#7 pdx5

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Posted 13 May 2022 - 10:23 PM

It is not that simple. A "topped" inflation does not mean prices are going to drop. A steady inflation rate of even 6% is too much for most consumers since it means prices going up 6% every year.


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#8 fib_1618

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Posted 14 May 2022 - 03:32 PM

 

Blah, blah, blah…more fundamentalist absurdity.

 

Fib

 

How is your crypto currency push working out?

 

I have never "pushed" anything...that wouldn't be ethical. I only provide opinion.

 

There have been many discussions, however, about digital currencies and how they might affect the future of bartering...my opinion on that hasn't changed

 

As for myself...pullbacks are to be expected when too many bulls load the boat.

 

In fact, much of this we've seen before with the NASDAQ during the Y2K runup

 

in a free and open marketplace, over time, the pendulum always goes both ways.

 

Fib


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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#9 fib_1618

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Posted 14 May 2022 - 03:54 PM

A chart of the monthly and yearly inflation rates in the United States is linked below.

 

Check out the figures during World War 1!

 

Current bout started 2 months after the current administration got its hands on the economic levers and decided to go full Bolshevik!

 

Fib

 

https://tinyurl.com/yckzh9fx

 


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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