/biz/ - Business & Finance

ah yeah brahs

>Happy Fed day to all who observe. Market expectations are for a quarter-point rate hike from the Federal Open Market Committee, and some weaselly language pointing to the possibility of future rate hikes but not committing to them.

>The one thing you won't hear Fed Chair Jerome Powell discuss on Wednesday is the money supply. Money supply went out of fashion as a way to forecast future inflation when its changing stopped moving in tandem with GDP growth and inflation, but the huge surge ahead of the current run-up in prices has given monetarists some new life.

>Scott Grannis, the long-time chief economist at Western Asset Management who now authors the Calafia Beach Pundit blog, put together a chart, recreated here, showing how the M2 measure of money supply leads inflation, with a roughly one-year lag.

>"The chart strongly suggests that the CPI is on its way to zero over the next 6-9 months. As such, it's reasonable to conclude that the Fed has acted appropriately, if belatedly, and no further tightening is therefore necessary; lower inflation is 'baked in the cake' at this point," he says.

>>55538522
I'm a government worker that makes economic statistics, I post reminders how fake and gay all government statistics are.

>DAX casually breaking through Bollinger
This is just too easy, bros. Wtf is going on? Armageddon? Nuclear war in Ukraine?

no

Goldbros we are getting our arses properly räped. Assuming Powell pauses, and he will, how low is gold gonna go? 1700? There is no more upside is there... inflation has officially been defeated and growth stocks are back on track. Fuckin rip, we had a good run bros
At least copper is looking highly bullish

>>55165157
Nah. People are dumb and this greedflation is exploiting that to the fullest. Just give people a wage increase of 3% and watch them being oh so happy. Pathetic but that's how it is
They don't even have to repay their loans. Jesus christ this pandemic really spoiled people. No wonder the markets are still giga pumping. Consooom + massive injection of money + easily exploitable masses

It's actually incredible that the old boomer advice of stable low P/E value stocks has been defeated. Just buy semis and that's pretty much it. Diversification is literally useless.
We are back to the days of insane growth. Everyone expects 15% every day. Such a spoiled market

>>55077093
That's mostly because of China and decline of house production. Sure, consooom of durable goods is a bit lower but services are being utilized to max (service inflation is only going up and there is no going back until rates are raised significantly). Restaurants packed, hotels booked, flights completely full. Oh yeah, peak consoom this summer. Hell, retail is still gaining as people keep consooming more clothes and skin-care products and whatnot. This shit will continue until the ECB and FED get off their fat arses (FED will but ECB won't this year)

>>54983918
Of course I get the demand "destruction" meme but according to the official data, production indices are cca 50. Sure, some states or countries are getting fugged but copper is still being utilized to a high degree.
I still find it strange that my copper stocks are going well and the same goes for my gold stocks. It's like they either know that this is just pure FUD or have already priced it in to some degree.
Oh well, gonna have to wait for Powell to defeat the inflation and set the economy straight :)

Based JPow

>>54823062
Last rate hike tomorrow. Pause hikes on June 14th and July 26th, pivot on September 20th and then we crash.

>>54818208

>>54809548

>>54772700

quality take/10

I just don't think we done hiking... I don't think they will stop during the election year cuz it might fucking bottom out.

Have you thanked JPow for defeating inflation yet?

>>54569776

>>54463777
Holy trips. God bless boomer rock collecting Chads.

>>54460744
Thanks anon. One day when I have more capital I'll try to regain my losses.

People talk about the low monetary value of “just grabbing plates” etc. This is a warped perspective. You’re paying for a sit down dining social experience, and the waitress is an integral part of that experience. Restaurants should be legally forced to pay them a real wage instead of off dumping the cost on the customer.
>hey goy I know you’re already paying a fortune for food and drinks, now pay half my waiter’s salary too

She’s still probably a dumb whore but she’s right to be mad at this.

>"Oh, your portfolio is deep red? NOT MY PROBLEM."
WTF, I love JPow now.

>https://www.youtube.com/live/Co3WU9xjQkM?feature=share

Get the fuck in here boys.

>>54264373

>>54242294
Yeah it is.