Sept: Excluding food and energy, the core consumer price index accelerated 0.6% and 6.6%, respectively. The yearly gain for core was the highest since August 1982. Headline CPI 8.2%.

Markets betting Fed will hike 75 bps in Nov. All the central banks of economies who are absolutely on petroldollar are looking at interventions. BOJ, ECB and BOE all buying their own long term bonds at spectacular rates.

Next year is pretty cooked. I hope all you boys have a safe trip on the way down.

snap short of market rebound after a futures crash.

yen hitting the historical 150 rate today. BOJ intervenes despite saying they wont. Depends on how much they willing to keep dumping their USD reserves. Doesnt look like it had much of an effect despite their first intervention in Sept.

Other basket currencies also having issues.

A large volume of narrative change today from the fed.

>US have achieved neutral rate
>rent inflation is slowing
>we need to look at data
>we will slow down rate hikes
>we cannot risk over tightening

This is no doubt due to the coming elections. People tend to vote angry if they are homeless. As of last month core cpi is still accelerating. At 6.6%, a 40 year high.

Fed didnt even shred its assets. Between the difficult choice of hyperinflating dollar or cold turkey correction. Feds have chosen the third path of prolonging the suffering as long as possible.

CPI down to below 7% yoy despite there being almost no discernable difference in spending within these few months. Some are questioning if the numbers are being massaged. Goldman sachs floating a projection that there will be a 25 bps hike by feb. First off by oct 2021, CPI has already begun accelerating. I dont believe, the feds can some how fix the economy by going back to qe.

soft landing soon

USA core CPI YOY dec 2020: 1.6%
USA core CPI YOY dec 2021: 4.9%
USA core CPI YOY dec 2022: 6.0%

How much of GDP is inflation?

LETS GO.

>us might avoid recession

markets believe the fed will throttle down qt for the Jan FOMC meeting. Not even waiting to level out on march.

They have been cooking the narrative that inflation is gone for 3 months now. Its not gone. USA hasnt replaced its crude stategic reserves yet since selling it all to europe. Spring sowing season hasnt started yet, so food/fertilizer prices isnt reflective for the rest of the year.

worst part of it is the fed still has not unwound 2,624,735 Million usd of housing bonds out of 8-9 trillion total off their books.

853 billion interest on total debt for 2022. More than their 2023 defense budgeet

Fed: More hikes likely, inflation is "slowing"

Markets: QE november, no balls

Bambozzled

US CPI despite using new methodology is higher than expected.They have adjusted data for the last 2 months as well.

This causes the data to present a more significant difference between Jan and previous months.

CPI YoY: 6.4%, Forecasted 6.2%
Last month 6.5

Fed rate futures (feb) show so that the market believe there is a rate cut this year. But to drop the 6.4% schizo CPI number down to 2% target without large hikes is impossible.

YOY CPI will very probably stay there for the rest of the year if Powell gives up by march and announces a success. stagflation and depression keywords will be banned and blamed on someone(china,russia,conspiracy theorist).

Fed still has 2.6 trillion dollars of housing bonds on its books. They might hike rates till all of it rots on their hand but very unlikely (no one is gonna buy that knowing it will fail).

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>President Biden is set to formally propose an array of tax increases on wealthy individuals and corporations in a budget plan that he says will reduce the deficit by $2 trillion over the next decade, setting up a battle royal with Republicans on Capitol Hill.

spends it immediately on not-bailouts

They should hire me. I can destroy so much money so fast. I will flamethrower all atms.

heh. 90 days term.

>CS market value of 8bn as of friday. Offer is 1bn usd. 87% discount.

>CS owns 272 offices. The top 10 offices alone are worth over $500 million.

>UBS shareholder vote bypassed to merge CS debt. Swiss changing laws to force this through

>UBS shareholders big mad.

Gf is 90% off next quarter

you think they can print another 600b? after the 300b last week?

Fed goes to 475-500, powell says no rate cuts, market price rate cuts till next year.

Russia backs RMB in future payments with africa, middle east and asia. China not responding to US calls to set up trade delegation to buy US debt.

Banks cant handle money. FDIC looking at expanding coverage to "all deposits" Schizo take is they want the banks to start failing so they can feed Blackrock.

US treasury yields takes one for the team. “The 2-year Treasury yield has moved from 5.05% down to 3.81% over the last 7 trading days”

blackrock: we are DISRUPTING the housing market

MOAR

gonna hit a social mobility wall soon and why prices of good property in so sticky despite banks rolling over.

a truely bad time to be a tv salesman

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FDIC should just let this one die on its own, now 30b dollars extra of deposits from other banks need to be backstopped.

Alot of talk from media about how major banks want to buy FRC liabilities since friday. I dont think they wanna touch it without 100% federal support. Fully backstop all deposits and a hefty discount for the purchasing party.

All this will come with next week’s data and fomc. Market expects 0.25% hike again.

Its over. Peak rate is 5%, Powell said it without saying it. Does leave room for more hikes, if they have to print again to say bail out private corporations or print to pay federal employees.

inflation to stay, rates to stay for at least months.

if you borrow stocks to sell, if those stocks goes to zero, you dont have to return it. #feditip #findom

Good.

• Good. (50%, 23 votes)
• Good. (50%, 23 votes)

46 voters. Poll end: 1 year ago