May be you guys don't shop groceries, don't pay auto repair bills, don't use medical services, don't pay home insurance bills, don't need dental services and don't eat in good restaurants couple of times every week.
I do all of above and I am feeling inflation deep in my gut.
Even Lowes prices for all merchandise are crazy inflated. Those are mostly discretionary items.
Agree with u pdx5 - if anything inflation is blipping up a bit again last 1-2 month on stuff I buy.
I highly doubt a 'rate cut' by July, it's going to be hard to justify with inflation well above 2% ... if anything, bonds may yet sell off again and effectively raise rates especially on 20-30 year long end.
..it unclear right now but patterns lean that way.
Plus the clear Plan by FED was to create this crises, so they are not going to do anything 'sensible' now they managed to create it, they will use 'FED speak' to jusifiy making as it as bad as possible, to as
usual get what they want (like 2008 to get QE ) ... a move toward digital $ is clearly part of it...but much more I wd say. ..and part of what I have to say on that is up here
(rest of long interview on site https://strongandfre...rg/truthcast/).
Edited by EntropyModel, 04 May 2023 - 12:55 PM.