18 replies to this topic

[MDurkin]

[MikeyG]

PPI is a cumulative .5% after today's number in the last 7 months. 

 

Annualized at 1.2%...

[K Wave]

PPI is a cumulative .5% after today's number in the last 7 months. 

 

Annualized at 1.2%...

We are dealing with either mentally retarded people over there, or pure evil...take your pick.

 

I came up with the phrase Intellectual Morons many years ago to describe  A LOT of the Ivy league Grads.

Shocking how many clueless people I personally know from MIT, Harvard etc., and since PC became "required", it has only gotten worse.

 

Not that there are not some very "street smart" ones with common sense, but not the norm from my personal experience.

[MikeyG]

 

PPI is a cumulative .5% after today's number in the last 7 months. 

 

Annualized at 1.2%...

We are dealing with either mentally retarded people over there, or pure evil...take your pick.

 

I came up with the phrase Intellectual Morons many years ago to describe  A LOT of the Ivy league Grads.

Shocking how many clueless people I personally know from MIT, Harvard etc., and since PC became "required", it has only gotten worse.

 

Not that there are not some very "street smart" ones with common sense, but not the norm from my personal experience.

 

 

Housing is down from it's peak, gasoline, lumber etc all down from peaks. Clearly inflation has peaked, the question is how long it takes to get to 2 percent...

 

I am in the transitory camp, based historical trends stemming from population.

 

It is very difficult to bet against a 40+ year trend in yields, but we will see.  

Edited by MikeyG, 16 February 2023 - 06:33 PM.

[K Wave]

 

 

PPI is a cumulative .5% after today's number in the last 7 months. 

 

Annualized at 1.2%...

We are dealing with either mentally retarded people over there, or pure evil...take your pick.

 

I came up with the phrase Intellectual Morons many years ago to describe  A LOT of the Ivy league Grads.

Shocking how many clueless people I personally know from MIT, Harvard etc., and since PC became "required", it has only gotten worse.

 

Not that there are not some very "street smart" ones with common sense, but not the norm from my personal experience.

 

 

Housing is down from it's peak, gasoline, lumber etc all down from peaks. Clearly inflation has peaked, the question is how long it takes to get to 2 percent...

 

I am in the transitory camp, based historical trends stemming from population.

 

It is very difficult to bet against a 50+ year trend in yields, but we will see.  

 

 

I keep telling everyone...WATCH JAPAN...that brewing disaster could break open at any time now, and I have a strong suspicion that 2023 is the year it really starts to become evident.

 

10 yield once again PEGGED at the .5 limit, and BOJ printing trillions upon trillions of Yen to defend...it WILL NOT end well..

[pdx5]

PPI is a cumulative .5% after today's number in the last 7 months. 

 

Annualized at 1.2%...

My house bought 3 years ago for $272k is getting offers of over $400k.

My grocery bill has gone from $1000/month to $1500 per month since Biden is president.

My electric bill just went up 10% over last year.

My home insurance has gone from $600 to $850 in 2 years.

My car oil changes have gone from $49.95 to $69.95 in 2 years.

Everything is going up 10%/year or more, such as TV cable, internet, property tax, doctor's bills, car insurance.

 

The 1.2% PPI you speak of is no help.

[MDurkin]

 

PPI is a cumulative .5% after today's number in the last 7 months. 

 

Annualized at 1.2%...

My house bought 3 years ago for $272k is getting offers of over $400k.

My grocery bill has gone from $1000/month to $1500 per month since Biden is president.

My electric bill just went up 10% over last year.

My home insurance has gone from $600 to $850 in 2 years.

My car oil changes have gone from $49.95 to $69.95 in 2 years.

Everything is going up 10%/year or more, such as TV cable, internet, property tax, doctor's bills, car insurance.

 

The 1.2% PPI you speak of is no help.

 

Yes, and what happens if oil goes from 77 to 120 in the next 6 months ?

[MikeyG]

PPI is a cumulative .5% after today's number in the last 7 months. 
 
Annualized at 1.2%...

My house bought 3 years ago for $272k is getting offers of over $400k.
My grocery bill has gone from $1000/month to $1500 per month since Biden is president.
My electric bill just went up 10% over last year.
My home insurance has gone from $600 to $850 in 2 years.
My car oil changes have gone from $49.95 to $69.95 in 2 years.
Everything is going up 10%/year or more, such as TV cable, internet, property tax, doctor's bills, car insurance.
 
The 1.2% PPI you speak of is no help.

Its not me that speaks of 1.2 percent. It is the data that is published. It is coming down from higher level and people have adjusted by getting back into the workforce, hence the strong jobs as of late.

You are making my transitory point BTW, if people cant afford things, you curtail spending and things become cheaper.

No one said this is going to be a straight line either, but by this summer/fall, we will be talking about a Fed cut more than inflation.

[K Wave]

 

PPI is a cumulative .5% after today's number in the last 7 months. 

 

Annualized at 1.2%...

My house bought 3 years ago for $272k is getting offers of over $400k.

My grocery bill has gone from $1000/month to $1500 per month since Biden is president.

My electric bill just went up 10% over last year.

My home insurance has gone from $600 to $850 in 2 years.

My car oil changes have gone from $49.95 to $69.95 in 2 years.

Everything is going up 10%/year or more, such as TV cable, internet, property tax, doctor's bills, car insurance.

 

The 1.2% PPI you speak of is no help.

 

Nothing like driving with eyes in the rear view mirror....market does not care at all about what happened in 2021- early 2022....

[12SPX]

Interest rates aren't going to go that high and if the Fed did that you could expect the worst depression of all time.  People are so in debt from this everything bubble I think things are going to slow down dramatically.  The only people with money are the baby boomers and they are running out supporting their kids.  This next year is going to be interesting....