/biz/ - Business & Finance

Are we pivoting?

Nvda allowed to ignore us economy. Pump to 500 by friday

SELL SELL SELL REDDIT SELL

SOFT LANDING ACHIEVED

Look at it and weep bulls and bears
All hail to the crab until '26

Is Powell going to talk tough?

uh bros where is jerome is he ok

>>55294910
What's the H for?

>NOOOOO U CANT BE HAWKISH I LOVE TO PAY $5 FOR A CHEESEBURGER.
Why are bulltards like this?

THE HOOKING OF THE EXUBERANT BEGINS

STOP FUCKING SELLING

MPW
Is anyone else interested in this dividend play? Also some upside in share price too

Wtf happened? I haven't been on smg all day until I saw a big dip. Did pow wow say something bad?

ooooooooh mumies

reddit bros I'm loosing everything

>>55294922
HOOKED

Oh look capitalism is crashing again. time to blame everyone except capitalism.

>>55294940
good

what happen why aer we red i went in on 300,000x leverage

>>55294928
I don't remember posting my wife, Castoria

>>55294942
OK that was good.

>economy does poorly
>stocks drop

>economy does great
>Fed does a rate hike
>stocks drop

HOW DO WE WIN

anybody got 5 dollars, i need to go buy some fentanyl

>>55294936
A pretty obvious sell the news event

>>55294945
the federal reserve and its consequences have been a disaster for my bank account

bobos I was just joking about all that stuff in the last thread, just please slurp that dip, do it for my kids bobros

>>55294959
embrace the fed

i require amd to collapse immediately in order for me to not be financially ruined by the end of this week, alhamdulilah brother jerome you know what to do

>>55294971

>>55294959
>economy doing great
Lmao where? The FED is being indecisive and the market doesn't like uncertainty

>>55294926

>>55294945
Oh look, one red day among a sea of green ones. The communists are arriving to ignore their failed system and poke fun at ours until they lose again.

ITS OVER SOFI BROS

You’ll be able to get some good deals the middle of summer.

>>55294933
That 3 year chart is scary looking

STOP JEROME, YOU ARE HURTING ME!!! STOP IT!!! AAAAAAAAAA!!!!

>>55294959
What are you complaining, the returns over the past five years are phenomenal

https://www.youtube.com/watch?v=pBI3lc18k8Q
come on jerome...

AAAAAAH I'M LOSING NOTHING AND ALL AT THE SAME TIME BECAUSE I LONGED THE TOP AND SHORTED THE BOTTOM. LOSS EQUILIBRIUM

>>55294997
say the safe word

>It's live

>>55294986
Remember when McD's just gave these away for free if you bought a sausage biscuit

AAAAAAAAAAAAAAAAAAAAAAAAAA

astaghfirullah, brother jerome grant me mercy and deliver max pain to mine enemies (the greedy bulls)

>>55294998
>five years
>smg

>Companies continue to hire
>people continue to work
>wages keep going higher
The US economy is too strong.
I hope real estate and used car prices finally crashes because they probably can't hold on for much longer with raising rates

WE LIVE
https://www.youtube.com/watch?v=L61NSlLRGe8

SOUND AND RESILIENT
>SOUND AND RESILIENT
SOUND AND RESILIENT
>SOUND AND RESILIENT
SOUND AND RESILIENT
>SOUND AND RESILIENT

GET THE FUCK IN HERE

>>55295005
HARDER

same speech every damn time

Good afternoon

>The full effect of our tightening has yet to be felt

>>55294888
>full affects of tightening are yet to be felt
SELLL SELL SELL

>>55295005
TRANSITORY

Bulls

I need to hear your cope RIGHT FUCKING NOW

>>55295005
stop

SHE DYED HER HAIR BLONDE BROS

Alright Jerome's on, time to buy

Jpow is still a Burns not a Volcker
he caved and didn't hike he's a bitch

>stocks down
>oil down
>dollar down
Everything returns to nothing

>>55295040
cor

YOU DIDNT LISTEN

>>55295040
Brutal

reminder that bobos always lose even when they win. this dip will be bought like all the rest and most bobos will have held to breakeven and will hold long into the red. NOTHING can stop this slurp

Bears are so utterly desperate for more red even as the overall tone of the Fed and policymakers becomes more and more dovish. They deserve what they get.

>The Fed has opted to use the only tool left in its toolbox after interest rates failed to fight inflation
>Nuclear warheads

>>55294912
I coulda woulda shoulda taken my $5k profit on PLUG at open but instead waited for the investor conference and thinking the pause would push the entire market up even further. I was wrong for that. SPY was a gamble on the rate decision and I reversed my typical bobo behavior. Again I was wrong. Always wrong. Always early and therefore wrong. What's your brokerage account # i'll just have my broker send you the rest of my balance. That universal basic income sounds pretty damn comfy right about now.

>purple tie

>4.5% unemployment expected next year

AND THE PUMP IS BACK ON BOYS. BULL RUN NEVER ENDS!!!!!

>>55295070
don't need your chump change faggot

>>55295069
fuck i had blue

>>55294986
It's unironically over

i boughted some dippy

i am financially invigorated

mr stark... i dont feel so good

As expected.
The FED has now entered the "pause & hold" period so inflation can safely re-accelerate.

>>55294912
>and your fat disgusting family
that's a self projection

Everything I try typing is seen as spam wtf

There is no worker shortage and I'm tired of this boomer narrative to cover for the fact wages are too low.

THE CLEARING THROAT RETURNS

>>55295086
well im just giving it out, surely you can do good things with it right?

BUY BUY BUY BUY NOW

*lets inflation reheat in you’re path*

>the FED's (coughs) monetary policy

>>55294959
Sell options to retards and let institutional volumes have a defnesive wall on your position

>bouncing back up

.... Bullies??? Are we back???

tried to warn you boboniggers. all dips get bought especially after filling gaps.

>>55295109
This, there is no point in working for a low wage

What did he say for it to heal a bit?

oh god im sluuuuuuuuuuuuuuuuuuuuuuuuuuurping

Sell.

my company laid off 10% of its employees

im feeling fucking BULLISH

>>55295114
buy some rope and some bullets with the remaining shit after you lost it all

SOXL NEXT STOP 30/SHARE

>>55295134
He said "soft landing" and "AI"

On the front row again

DIP STATUS: SLURPED

Look at these faggots dumping...did they really think there was gonna be a rate cut lmao!

>5.6%
goodbye bulls

RATE CUTS CONFIRMED

>>55295140
RELOCATION
OF
CAPITAL
GET BEHIND THE FRIER WAGIE

>5.6% for this year
5.6% for this year
>5.6% for this year
5.6% for this year
>5.6% for this year
5.6% for this year
>5.6% for this year
5.6% for this year

Which VIX ticker do you use on Trading View? There are like 5 different one, some with volume some without. Different prices too.

>>55295021
Wages arent rising they are currently stagnate after ripping higher early this year.

powell cucked out

>SHHHHHHHHHH

2 to 3 more hikes?

>>55295148
What does the pink shirt mean? Is she going to crash the market with her questions?

>>55295151
>>55295161
What is 5.6% ?

>>55295141
that's a lotta rope, and a lotta bullets

Why the long face?

>>55295177
target rates for 2023

>>55295177
SEP median projection for 2023 interest rates. i.e. the committee expects 2 more hikes.

ahem

>>55295183
Kelly Wang?

>>55295169
I'm eating steak tonight because of your nigger meme

I was gone for a few hours why did we start dumping?

We're going to end the day green aren't we? No one believes the Fed

>>55294971
Yeah yeah bro I'm slurping. Hey man, can you look the other way, I just need to get my axe. Oh and btw, You like Huey Lewis and the News?

>>55295183
hes sad about littering on nature reserves but has attended the wrong meeting

>>55294888
https://www.youtube.com/watch?v=0CFuCYNx-1g

>>55295166
>Wages arent rising they are currently stagnate after ripping higher early this year.
no anon, it's a "worker shortage"

>whole market taking a dive, NVDA doesn’t even flinch
>market goes back up, NVDA just goes along with it
I hate myself for being scared to go into NVDA

>>55295193
More rate hikes later this year

>*clears throat*

Bullish Thread Theme:
https://www.youtube.com/watch?v=ymNFyxvIdaM

>>55295189
Colby Smith

SLURPING

>>55295183
GIB HAPA GF

feelin cute my raises rates later, idk

>>55295209
Nvidia is going to 500/share. Get in while you can bro...

So what will pic related be this time?

>JULY HIKE UNCONFIRMED

>>55295228
No.

>>55295177
Effectively they're slowing rate of hikes to once every 2-3 meetings as the target plan. In other words, not a real pause here. Just a skip.

>TQQQ already back to being positive

I never doubted

>>55295230
3:15

Did Powell really say, "fuck niggers"?

>Already recovered

we're heading to SPY 500 this year, I have zero doubt about it.

and there it is, coulda woulda shoulda

reddit bros I'm healing, we literally can't stop winning

>>55295241
I see, thanks.

>>55295251
BASED JPOW

>>55294888

>>55295263
I look like that and I speak like that

Buy SILVER you fools!!!
>>55294573
>>55294573
>>55294573
>>55294573

I don't understand where there strong labor market thing comes from, people are being laid off left and right since November.

holy shit people are actually double masking in 2023???

watch her take that off the second she speaks

>girl in the second row with TWO masks

>>55295186
>the committee expects 2 more hikes.
They'll be wrong.
Rate hikes will continue early 2024.

Nicki is mad and asking the right question. basically saying Jpow is a fucking bitch

>market shits the bed mid session
>pump resumes
>vix cratering

WE ARE SO BACK

>>55294986
3 USD for 150 calories, this is against American culture. How are we to get amerifat with these prices?

>>55295286
>>55295288
virtue signaling slut

>>55295293
you're a bitch

>>55295283
Just white collar workers and overpaid
Tech.

$SPY $433/$435 spreads. I heard enough. We're going breakeven or stay around here. IV is stupid high though.

I NEVER DOUBTED

>WE ARE SO FUCKING BACK

I NEVER DOUBTED

>WE ARE SO FUCKING BACK

I NEVER DOUBTED

>WE ARE SO FUCKING BACK

I NEVER DOUBTED

>WE ARE SO FUCKING BACK

SKIP!!!!!!!!!!!!!!

>The "skip". I shouldn't call it a skip.

>>55295297
I use to slurp them up when they were 2 for a dollar

HE SAID SKIP

SELL SELL SELL

>>55295019
alḥamdulillah

What did he say for it yo heal?

WHO /JENNA/ HERE?

Jeanna has cute voice!

>>55295300
imagine being Jpow repeating Volcker even repeating shit from his book at Jackson Hole last year and then can't even go higher than 5% while everything is reaccelerating

I LOVE HER

>>55295312
Kek and the next guy calls it a skip to fuck with him

>>55295331
She can raise my rates any time.

MAH WAIFU

>>55295347

>>55295351
>she sees your penis

>tfw the bottom was indeed in october and nothing can go wrong

AWWW YEAH ITS LIKE IM IN 2007 AGAIN LETS GO

https://www.youtube.com/watch?v=RapX-5mm5q8

>it can actually be lower or higher
>it can be higher
Higher for longer confirmed.

Treasury yields going red, the bond market doesn't believe the Fed at all

WE ARE SO FUCKING BACK
>I NEVER DOUBTED

My only regret is not buying more

>>55295361
Soulless eyes


Unironically. Anyone else creeped out?

>>55295288
"nobody cared who I was until I put on the mask(s)"

>>55295331
>>55295340
>>55295343
>>55295351
>>55295361
>>55295365
hands off, she's going in the underground silo

>>55295361
her brother has pretty crooked teeth.. ugly!

>>55295365

Yeah it's going to dump at the end of the presser.
>>55295331
I want to tickle her uvula so bad

what happened at the press conference? i was listening to music the whole time. you were taking notes right?
https://www.youtube.com/watch?v=uCGD9dT12C0

>>55295351
What’s she thinking about here?

It's all dumping.

>>55295386

>>55295333
i dont even care, im so fucking mad that I was right but wrong twice today. again. i have no outlet other than schizing out on this board. so you are gonna hear me bitch and moan about it. i want to kill people. i hate this place.

>tfw a girl reporter starts asking you a question

just buy calls, that's all you have to do

>>55295376
Bond market is dumb money

>>55295389
she has blonde hair now and is wearing a pink shirt but I don't remember much more

>Thank you, Chair Powell. Rei or Asuka?

>>55295412
ok just bought c3 ai calls bro

THANK
YOU
JROMEY
I BOUGHTED LOTS OF BAHGAINS
INNA DIPS
LUVUBB

Did this motherfucker just call the internet "the wire"?

>>55295411
>"No comment."
>"NEXT."

>>55295376
you tarded? Yields go down when they buy them

>>55295429
Based wired in chad.

>>55295429
I love Lane

Do any of you guys buy data feeds? Is it worth it to buy data feeds and build my own database for trading?

>>55295429
It's more like a series of tubes.

>>55295389
About the same as the press release.
>pausing this month
>want 5.6% this year
>don't know exactly
>can't predict that far out
>labor market resilient
>pause was for this meeting only

he was right

we're so back, i never doubted

>it's over

>>55295419
Misato

Whens the meeting end?

>>55295115
im the shit btw

>>55295376
Is this just a meme? I see retards post this at least once a week.

>>55295454
Whenever he gets bored of answering questions here: https://www.youtube.com/watch?v=L61NSlLRGe8

>>55295434
>you tarded?
Apparently you are. Re-read what I wrote

>>55295407
>When the journo slut says teasing that out

What music/studio gear should I get with all my SOXL gains? So many dumb things to spend money on

>>55295331
scrumptious

>dip slurped
KEK you cant make this shit up. Retarded bearnigger I know you're in here, suck my dick :^) (and stay poor)

>>55294615
>>55294748

>>55295429
MCNULTY
MY OFFICE
NOW

>thought inflation was about to turn down
MARKET PUMPS
>...and were wrong
MARKET DUMPS

>>55295408
and I will repeat it also again you are the dumbest gorilla nigger gambling on a FOMC day

>>55295206
Thats being solved daily at the border

BOO BOO

Hawkish = bullish
Dovish = bullish
Neutralish = bullish

Looks like market wants to recover, but hesitates a little.

>>55295376
>>55295414
I just watched some court proceedings for bed baths bankruptcy shenanigans and the bond holders were crying. I thought that was pretty funny

Jeanna's bit is over, come back in 6 weeks

>going back down again

ITS SO FUCKING OVER

>I NEVER BELIEVED

ITS SO FUCKING OVER

>I NEVER BELIEVED

ITS SO FUCKING OVER

>I NEVER BELIEVED

ITS SO FUCKING OVER

>I NEVER BELIEVED

>>55295394
..."wooden doors?"

https://www.youtube.com/watch?v=0kdH3JuK_Po
loving this hipster market

What happens when nvda runs out of bears to liquidate?

Heh I wasn't even nervous

>>55295536
check again

>Her last name is "Guido"

Where did all the boboposters go?

>>55295550
dios mio

IV crush and Theta burn are working overtime right now

>>55294888 >>55294906 >>55294907 >>55294909 >>55294910 >>55294911 >>55294915 >>55294917 >>55294918 >>55294922 >>55294926 >>55294928 >>55294931 >>55294933 >>55294936 >>55294937 >>55294940 >>55294942 >>55294945 >>55294949 >>55294950 >>55294955 >>55294957 >>55294959 >>55294964 >>55294965 >>55294969 >>55294971 >>55294974 >>55294977 >>55294980 >>55294982 >>55294986 >>55294987 >>55294989 >>55294992 >>55294995 >>55294996 >>55294997 >>55294998 >>55295003 >>55295004 >>55295005 >>55295007 >>55295009 >>55295012 >>55295019 >>55295020 >>55295021 >>55295026 >>55295027 >>55295029 >>55295031 >>55295037 >>55295039 >>55295040 >>55295043 >>55295044 >>55295046 >>55295050 >>55295052 >>55295053 >>55295057 >>55295058 >>55295059 >>55295060 >>55295063 >>55295065 >>55295066 >>55295068 >>55295069 >>55295070 >>55295081 >>55295083 >>55295086 >>55295087 >>55295088 >>55295090 >>55295092 >>55295094 >>55295095 >>55295097 >>55295101 >>55295109 >>55295111 >>55295114 >>55295115 >>55295116 >>55295117 >>55295121 >>55295122 >>55295124 >>55295133 >>55295134 >>55295136 >>55295137 >>55295140 >>55295141 >>55295142 >>55295144 >>55295148 >>55295149 >>55295150 >>55295151 >>55295155 >>55295157 >>55295161 >>55295163 >>55295166 >>55295168 >>55295169 >>55295170 >>55295172 >>55295177 >>55295178 >>55295183 >>55295184 >>55295186 >>55295187 >>55295189 >>55295192 >>55295193 >>55295198 >>55295199 >>55295202 >>55295203 >>55295206 >>55295209 >>55295211 >>55295213 >>55295214 >>55295216 >>55295217 >>55295223 >>55295224 >>55295225 >>55295228 >>55295230 >>55295232 >>55295235 >>55295241 >>55295243 >>55295251 >>55295256 >>55295259 >>55295263 >>55295265 >>55295266 >>55295267 >>55295274 >>55295280 >>55295283 >>55295286 >>55295288 >>55295290 >>55295291 >>55295293 >>55295296 >>55295297 >>55295298 >>55295300 >>55295301 >>55295304 >>55295306 >>55295307 >>55295312 >>55295321 >>55295323 >>55295329 >>55295330 >>55295331 >>55295332 >>55295333 >>55295334 >>55295340 >>55295342 >>55295343 >>55295344 >>55295347

Buy GOLD: >>55295548

>>55295544
Dis. Tri. Bution.

>>55295539

>>55295559
s-stop!

feelin cute

>>55295559

>>55295576
thanks for the (you)s buddy.

Rents only go up!

I made $100 on TQQQ, what should I buy with it now?

WTFWT?

>>55295533
post the other 622

>>55294888
>>55295203
https://www.youtube.com/watch?v=0p_1QSUsbsM

HE DONT DO THAT

THATS REALLY NOT HIS JOB

>Some nerd: Do you care about the $3tn deficit?
>JPowell:

>>55295576
>buy gold
>in the 1970s
No, I trade ranges

>>55295600
More TQQQ.

AYO

Courtenay?

holy shit markets are bright neon green jeeeeeez

What kind of joke are stocks?

>>55295610
FUCKING BASED AUTIST
>makes republicucks seeth
>makes demorats seeth
second most competent central bank chair world wide, only beaten by Elvira

Imagine suggesting that the fed finance fiscal policy.

>>55295497
I wasn't even wrong. I'm just not in the right mind to make decisions right now. I need to get out of this prison.

Every time this happens I'm shocked at how Jewish it is, even though I know what's going to happen.

THE MAVER--ACK

Market is now higher than right before the announcement

>>55295596
What movie is this?

>>55295613
kek

OOOOOOOO SOXLCHADS

>>55295640
interstellar

WHAT THE FUCK

MOTT CAPITAL BROS????????????

There will never be a red day ever again. If markets can pump with a hawkish Fed then there is nothing that will ever stop them. S&P 6000 EOY

>>55295636
don't trade 0dte or on margins as thin as ice in March

>>55295570
Maxwell can crush my IV any day if you know what I mean

Why does this nigger stutter so much

>>55295648
WTF WAS THAT
ooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo

hit -86.00%
it's officially over for me

>There are longstanding differences among racial and ethnic groups
B-based?

>he's actually a bear

BLACK UNEMPLOYMENT

NOOOOOOOOOOOOOOOOO
DON'T SAY "GOTTA KEEP AT IT"

>>55295635
we in a bigger bubble than dotcom
you dumb

>>55295679
kek

now back down, tomorrow 4350. you'll see. This will melt down.

>>55295656
I never applied for options and I don't use margin.

BULLS MAKE MONEY, BEARS LOSE MONEY

>we're not going to stop
>b-but we're going to pause
why is there no hike today?

>>55295659
I'll happily help her with her experiments.

But I'm a huge Drake and Laplace fan.

>we want rents to come down
market dumps

>>55295497
PLUG I coulda woulda shoulda taken profit on.
SPY coulda woulda shoulda held and taken profit on. I knew it was going to rebound. I bought calls all the way down. I lost my confidence in this market. I need to take an extended break and fix and sell my house. I can't even think right now Im so mad. And no other outlet but here.

CORE INFLATION IS KEY, CPI

>>55295697
BULLISH PIGS MAKE MONEY

S
T
F
U
JROMEY

>>55295698
They want to see what happens if they do nothing.

>>55295576
Not yet, kiddo. Always wait for confirmation.

>>55295678
It's not over until you capitulate

>>55295690
These are day trades idc about a bubble.

SOMEONE TELL BIDEN THAT ULTRA MAGA FINANCIAL TERRORIST JEROME POWELL IS TRYING TO MAKE ALL NIGGERS UNEMPLOYED SO THEY'LL ARREST AND EXECUTE HIM

S&P just ticked negative

sorry bulls

>>55295710
July 25th they better hit them with a 0.5 hike

>>55295704
have you seen the put/call ratio? literally NOBODY is hedged to the downside
now think what happened last year when literally EVERYBODY was full on bear mode? market goal is to fuck as many people as possible

>>55295703
>wages will continue to increase
market dumps further

I just sold at the top a few moments ago, it got a little too green for my liking

going to buy back in after the mandatory 2-3 red days after FOMC

sell

WHY WONT HE STOP TALKING

not so fast bulls

>>55295746
Last question. We're almost done here.

>>55295747
I miss Trump's tweets

LARGER LOSSES EXPECTED

>>55295746
>>55295745
>>55295732
YOU CANT DO THIS TO ME

>Powell to KRE: ur fukt lol

the damage has been done with jerome saying the phrase "black unemployment"

>>55295730
>down half a cunt hair after roaring the last week
oh no!

Little guy got tired so I let him take a nap during the meeting.

Once this ends the dumping resumes through market close.

>>55295746
fr fr this is the longest tiktok ive ever seen no cap

CRE BAILOUTS CONFIRMED

If I short something right now will I go bankrupt when the bull run inevitably comes back?

event ended, time to dump

>>55295779
>Powell's successor is a black (woman (lesbian)) of color
>She twerks at the podium

>>55295796
you mean pump, hikes are over

>>55295747
buddy, look at intel computer!
https://www.youtube.com/watch?v=IaJROxEmTY8

Markets as of now haven't changed since just before the meeting, looks like it was a nothingburger

>>55295804
zoomer economists will be employed to translate the twerking into an economic outlook

>>55295737
That's all fine idc about any of that. I bought Friday expiration PLUG 8.00 Calls when the underlying was at 11.00 yesterday for 3.00, exactly it's intrinsic value. It opened at 11.75, I was right. Boom $7k profit. Didn't take it. Didn't take the $5k profit when they gave me a second chance to get out thinking the investor day would bump it back to 11.75 - 12.00 range. And that's where I was wrong. I'm just mad at myself for not taking the profit when I should have. I wasnt wrong. Then I get shaken out of my 0 dte spy calls that again printed. Im just not in the right mind to do anything right now. My million is sitting in cash, so I hope your right and I can slurp cheapies once the bubble pops. But that's not why I'm mad. I'm mad that Im reversing my own intuition trying to hop on this bull ride and that's just not me. I'll recover. But I guess this latest Heem is what is going to finally make me stop staring at charts and fix my house and put it on the market and move somewhere more tropical. My house is a prison cell. My office is a prison. I'm just so fucking mad. I've been shaken. I was so much happier poor. I'm just so fucking mad.

a toast to fellow bulltards and another month of straight green

ALIBABA SO FUCKIN GREEN MY CALLS ARE PRINTING AWOOOOOOOGA

XOM
HEALED
BASED JROMEY

>>55295847
Event risk removed.
Time.
To.
Rally.

fuck this I bought back in, this market is unstoppable

My portfolio of 20 stocks today. Considering all, not complaining.

>Fair price for NVDA = yesterday's price + 5%
With this statement, I am more deserving of a Nobel Prize in Economics than Krugman

>>55295864
greed kills simple as

>>55295737
Coulda woulda shoulda had a $0.50 profit per contract on that 100 lot of SPY right now. But Im just so shaken I don't trust anyone or anything anymore. I don't trust myself. I think this entire existence is all priced in already. It's already happened. It's all just fucking garbage. I don't care about anything. I'm not even mad about the money, I'm mad that I was shaken out of my correct position and not taking the profit when it was there on plug. I thought I was beyond that crap. I thought I had worked those kinks out already. I'm just so fucking mad. This existence is a prison.

>>55295864
and if you want to feel better I lost 30k this year who the fuck cares

literally sold my calls at the bottom, how am i so bad at this?

Baked

>>55295936
>>55295936
>>55295936

Powell preparing to cover his ass for raising rates because people don't want shit service industry jobs anymore.