/biz/ - Business & Finance

Amateurs. In Argentina we have that in two weeks, every two weeks.

... down from 9.1% back in June

>>53698783
It'll be down, but I question how much it matters now.

It’s fucking over. CPI will complete the death cross on the weekly it’s fucking over

>>53698866
>death cross

nobody gives a fuck abou this, nig.

>>53698842
>less than 3 percent
Wow, it’s nothing. At this rate it’ll take up several years to reach 2% since employers keep throwing away money for high wage employees who they don’t need and the government passing “infrastructure” and “healthcare” bills every other year.

>>53698891
Not to mention that energy costs are going to rise, with Russia and OPEC cutting production and China reopening.

Truflation has 5.8%, think about why they’d want to over report by nearly a whole percentage point.

>>53698898
And the Chinese spy balloons it’s fucking over

>>53698783

>>53698783
literally already priced in.

That means Powell can raise the interest rates up to 10%.

>>53698783
i wonder why we have inflation

>>53698960

>>53698933
existing debt doesn't pay higher interest when rates go up. but otherwise yes, the current stated Fed policy conflicts intractably with reality for multiple reasons and the market has been gaslit and beaten into ignoring this fact for over a year

>>53698866
This, it’s over for at least 4-5 years. We had a super bullrun and now we have to wait a long time with some serious big dumps before we can go up again and do another bubble

>>53698783
isn't this the MONTHLY inflation rate?
6% month over month for a year is FUCKED.

>>53699185
annualized

>>53698960
nigga what the fuck, there are ethereum lending protocols with better reserve ratios.

>>53699201
thanks. 6% seems low, I think they exclude real expenses. food is 2x or 3x + from a few years ago

>>53698960
FTX better reserve rates than this

>>53699245
even bitconnect had more
not even joking

>>53699202
you're making a horrendous comparison, lending protocols in DeFi have over-collateralization
there are 0 (zero) under-collateralized loans on chain

>>53699272
there shoul be 0 (zero) no-collateral loans on-banks.

Facts don't care about your feelings.
Bull market has returned.
Hop on the rocket ship or get left behind.

>>53699521
Thx for all your suggestions in this thread on how reform banks. Will look into it

>>53698960
good thing bank runs never historically happen, its impossible

>>53699202
This nigger just compared the us government with the most powerful military in the world to a crypto scam with 0 military backing. No wonder why you niggers have a history of slavery.

>>53698783
source?
Last CPI figure was 6.5% so definitely not the end of the world lol

>>53702645
it would be when the market is expecting 6.2

Ah ok

now give us all a source
you DO have a source, right Chud?

>>53698992
Not at first, but it catches up real quick. How do you think those 10 year t-bills are repaid at maturity? Yeah, you guessed right, by issuing new t-bills, but this time at a higher interest rate. Since there are various batches of t-bills maturing all the time, the "old" low interest debt gets replaced by the new pretty quickly. Also every new debt, a.k.a. budget deficit gets to be refinanced at the new interest rate. All in all, higher interest rates fuck the debt A LOT quicker than many think

>>53698783
my prediction is that they'll massage it to be +/- 0.1% month on month to soften the news. in reality it will be much worse.

>>53698960
it'd be funny if it weren't so fucking awful

>>53698933
>The Fed can't raise rates because uh... BECAUSE I SAID SO THAT'S WHY

>>53704177
powell talks about the expectation of inflation (human psychology) being a large driver. rate hikes are a blunt instrument by comparison. they do have a tough job.

we will never get back to 2% inflation. 4% will be the new normal

>>53704907
I wonder who could be behind this post.

>>53698783
Explain how all the institutions suddenly sniffed out in the last week that CPI would be +0.5 instead of -0.1 we got last month (revised to +0.1 but still). Seriously the game is rigged. Everybody on Wallstreet and Washington is insider trading with each other.

>>53705704
markets pumped massively before the last CPI drop and there were concerns of insider trading in the media, but somehow this got memory holed despite the sheboon press secretary stuttering after obviously being caught in a lie. https://www.bloomberg.com/news/articles/2023-01-04/surge-in-market-trading-before-us-cpi-inflation-report-was-extremely-unusual

>>53704907
>implying 4% inflation is that high

>>53705745
once the reality shifts that 4% is the new 2%, everything will moon

>>53705745
it is when every jewish employer in the nation insists that 2.5% is a cost of living raise.

>>53698854
If you annualize January's numbers, we're at 6%.

>>53702632
>military backing
you dumbasses keep posting that the dollar is secured by military power.
why did the USA leave afghanistan in such a hurry, leaving behind literal tons of military hardware to the goat herders that BTFO'd them?

What numbers mean? We gongo up or down? Buy or sell?

>>53705745
The cpi formula is rigged to understate price changes. If they say they're going up by 4% per year, the true cost of living is probably going up by 8% per year.

Inflation is sticky because businesses aren't willing to lower their prices because they're simply greedy.
How is this not obvious lol

>>53705704
basically trading places - you cannot hope to keep information this valuable from being sold/stolen.

>>53698906
So they can gear up a big win during the election cycle. Dems are smoke and mirrors.

>>53698960
Doesnt mean banks actually do infinity credit because it carries a lot of risks. Also, nothing prevents the FED from printing more, that fuels inflation regardless of reserve ratios.

>>53706912
Because most people are retards. I have to remind my friends of this when they say shit like "well it's fine the restaurant will eventually bring the price back to normal". They don't get it, they live in a mental wonderland

>>53698960
Why we holding this scam token again?

>>53707695
>>53706912
Businesses have always been greedy. They exist to make money. So why is inflation only really high during certain time frames? Why do prices go down for some goods sometimes? Businesses have to price their products and services at a level that people can pay and covers the cost of business.

Inflation is always created by the money supply expanding faster than productivity or economic growth. In 2020-2021, productivity shrank, yet a lot more money was created to chase goods and services. This is the doing of government and the central bank. The private sector doesn't create inflation.

>>53706665
But the fed’s target is 2%

>>53707827
>Inflation is always created by the money supply expanding faster than productivity or economic growth. In 2020-2021, productivity shrank, yet a lot more money was created to chase goods and services. This is the doing of government and the central bank. The private sector doesn't create inflation.
Yeah I already know that and agree. Not sure why you replied to me because I never stated otherwise.

>>53707827
>why is inflation only really high during certain time frames?
In this case it's because they actually had to increase their own prices at one point, because literally everything was going up in price.
Now that the basics (fuel etc.) are down again, they want to keep their own prices high because they smell an opportunity.

Jerome's plan to keep crashing the markets does nothing to remedy this.
On the contrary, businesses will simply try to offset their investment losses with high product prices.

>>53707695
>>53706912
Also, the fed isn't even targeting for prices to go back down to the previous level or even a 2%/year trend line from where we were before. They are targeting for prices to keep going up 2%/year from the current levels, despite them already being extremely elevated from where they should be based on their 2% target.

The whole thing about targeting 2%/year price increases is retarded anyway. Their mandate is stable prices. Stable prices does not mean the cost of living goes up every year.

>>53707879
>Their mandate is stable prices
I don’t get it, isn’t stable inflation at 2% the goal

>>53707879
>The whole thing about targeting 2%/year price increases is retarded anyway. Their mandate is stable prices. Stable prices does not mean the cost of living goes up every year.

Their real mandate (not their official one codified in law) is to facilitate the theft of money from the populace smoothly via inflation created by banks.

>>53704177
>cheap debt based economy
>"wtf why don't we just raise rates?"

>>53702632
fuck i invested in this military-backed shitcoin and now im financially truined

>>53706735
>why did the USA leave afghanistan in such a hurry
Doesnt matter because the world still fears the USA. People know that the USA withdrew without achieving its political goals but was not defeated in battle. Yes, its possible to "beat" the USA in some 20 year insurgency but that already counts as a defeat, countries dont want to be invaded and turned to dust and having to beg for rice while some ragtag force plays defense for 20 years, thats already a defeat for whatever ruling class exists in any country.

>>53708409
>Doesnt matter
sub-saharan african gorilla nigger iq response

>>53708509
It absolutely doesnt matter.
When the US military demolishes a country that is the actual action the local ruling classes fear. It doesnt matter if the USA withdraws 20 years later, you still got destroyed and that has a huge deterrence on everyone else. No ruling class wants to be annihilated to the point they get hunted down and hanged like Saddam ad his family just to cope that "uh but what if you withdraw one day tho?"

>>53698891
>im complaining about people paying higher wages

youre probably a fucking incel neet living on handouts, shut the fuck up. rising wages is literally NEVER the problem

>>53708577
>getting into pointless wars that add trillions of debt doesn't matter because we killed some civilians and that sounds badass in my infantile brain
>this imperialism somehow helps our economy; i will ignore how inflation is still out of control; i will ignore how the debt is also out of control; i will ignore everything that doesn't fit my patriotic delusions

>>53698933
>i have an MBA and don't know the difference between fixed rate and variable debt

absolute state of business schools

>>53708662
Why are you changing the topic?

>>53698783
Priced in.

>>53708690
that wasn't me, you gorilla-nigger

>>53708676
It’s bad. They’ve become degree mills and people still chew them up. I got a masters of science in a business discipline in one of the better business schools in the US and there was essentially no incentive to work hard sans building your own knowledge because of how much they curved grades. Your options were bust your ass off for an A or coast bomb the final and get rounded up to a B anyways. Some people got out not knowing jack shit. Now they’re all consultants.

>>53702645
It would take 2 years to get to 2% at this rate of decline and it's only going to get stickier as we go lower, nevermind the probability of upticks and that the fed can't keep rates elevated forever.

>>53706912
>Inflation is sticky because businesses aren't willing to lower their prices because they're simply greedy.
>How is this not obvious lol
That only works if you assume there isn't another greedy person out there that could go in and undercut the competition. Or if you're suggesting that all the greedy people are in a cabal to not undercut each other then I think you need to cool it with the antisemitic conspiracy theories.

>>53706983
>Doesnt mean banks actually do infinity credit because it carries a lot of risks.
There are no risks. The banks are fully backed by the Us taxpayer.

>>53704907
WTF I always thought it was 4%? Is this some Bearanstain Bears shit?

>>53711502
this

>>53711536
2% is considered the target for a healthy economy. but you'll see the fed say 4% is the new target for a healthy economy and it's actually ok to aim for that

>>53698866
Death cross already priced in.

>>53699019
>big dumps
Guess I'm buying more BTC.