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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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54559842 No.54559842 [Reply] [Original]

>> No.54559864
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54559864

It's over bros... I'm really fucking scared rn

>> No.54559884

>>54559842
we pumped last cpi

>> No.54559888

>>54559884
and we'll dump in this one

>> No.54559891

What do you guys think? My wage is tied with cpi

>> No.54559893

>>54559888
checked but why

>> No.54559903

>>54559891
>My wage
Do poorfags really?

>> No.54559919

It's going to be 5.2%

>> No.54559933

>>54559893
because life is inherently cruel and we wont get away with our financial worldwide jewery this easy

>> No.54559937

>>54559842
Where can I buy some CPI? Kucoin?

>> No.54559940

>>54559933
okay checked again im shorting

>> No.54559945

>>54559919
your ID is red. im predicting a 5.6% myself

>> No.54559953
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54559953

>>54559945
5.5
imjewish

>> No.54559962

>>54559893
because NIGGER NIGGER NIGGER

and with that i mean NIGGER NIGGER NIGGER

have i made myself clear?

>> No.54560016

>>54559919
>>54559945
>>54559953
5%

>> No.54560024

>>54560016
8.9

>> No.54560041

I'd say 14.88%

>> No.54560076

>>54560024
>>54560041
4,444% is the final offer take it or leave it

>> No.54560089

>>54560076
>>54555555
>>54444444

>> No.54560109

>>54560076
>4,444%
We’re not talking about SHIB… yet.

>> No.54560115

>>54560016
Holy shit

>> No.54560125

>>54559842
Oof

>> No.54560132

Op is a faggot

>> No.54560136

AAAAAAA I TRUSTED OP AND HIS DIGITS ITS OVER FOR ME

>> No.54560137

>>54559842
HABBENING
A
B
B
E
N
I
N
G

>> No.54560140

ITS OVER BOBOS FOMO IN RIGHT NOW

>> No.54560175

>>54559842
what do the numbers mean? Why is it pumping?

>> No.54560185

>>54560175
INFLATION IS GOING DOWN. BOBOS TURN BULL BOBOS TURN BULL MAYDAY MAYDAY THE BEAR MARKET IS OVER

>> No.54560190

FUCK YOU OP AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.54560199

But what about core?

>> No.54560216

>>54560016
so money printing for SVB did absolutely nothing to inflation, interest rates will come back down.

soft landing it is, I guess. weird, thought we were heading towards financial collapse there.

>> No.54560273

>>54560175
Inflation lower than expected. Of course it's going to be revised a few weeks from now, but by then nobody will care

>> No.54560287

>>54559842
TO THE MOOOOOOOOON!

>> No.54560304
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54560304

Sirs, they did not redeem

>> No.54560316

>it pumps
This is why you do the opposite jews say

>> No.54560409
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54560409

>>54560273

>my mommy always told me that the markets were FAIR

>AND THEY ARE NOT

>> No.54560412
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54560412

>>54559842
Lol. Core inflation raised. The biggest contributor to the regular CPI drop was the decreased energy cost, which already reversed due to the oil production cuts and oil price going up. CPI for food is still at 8.5, and will continue to raise when new oil prices will get to consumer.

>> No.54560444
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54560444

Gold and silver are pumping BTW

>> No.54560540
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54560540

>>54559842
Increasing rates increases inflation in the current situation.
The banking system does create a profligate amount of money, this was always going to happen, but the increase in prices is also largely due to deteriorating economic conditions. It's funny how we don't even think that factories and container ships don't have anything to do with prices, despite it being the literally opposite error from money printing.
We recognize that "print more money => purchasing power doesn't increase", but not that "print less money => purchasing power doesn't increase [prices go down]". The issue that the supply of goods is disappearing. The only thing that could counteract this (besides people coming to their senses, but let's be real here) is to build out new supply domestically instead of in places like China, but that needs capital. Increased interest rates mean an increase in the cost of capital, thus it becomes more expensive to build new factories and such, thus no new supply comes online, and prices keep increasing.
The tried-and-shit workaround is capital rationing where the government distributes, through some means or other, capital to "vital" industries, and not via market means (which the government helpfully crippled itself). Of course, that allocation is highly suboptimal and results in the capital going to trendy scams like carbon credits or EV, which rely on the very disappearing supply-chains that are the problem.

>> No.54560660

>>54560540
This assumes that the supply of capital is smooth, e.g. an increase in rates by 1% results a 3% increase in the cost of capital, or that a smooth function f with "f(rate-increase) ~ rate-increase" exists. In reality, the money just "disappears" because people default due to leverage (SVB and friends being one example, though that also included an artificially induced bank run). As a result, the money-links just "snap":
>Monthly funding?
>Not more expensive. Gone.
As a result, while prices are going up, the dollar strengthens because nobody can get it. This is independent from money-printing, it's the day-to-day reality of banks no longer providing temporary funding like overnight lending, AR funding, buying corporate bonds, and such. The other currencies have the same mechanics to some degree, but it's a gradient. The Euro, for instance, is close to the dollar because it's derivative of it (in real terms); the Sri Lankan rupee, in contrast, only held any value because of the easy availability of dollars (which the government could get to service its debt, because nobody is buying bonds denominated in Sri Lankan rupees), so when the dollar "disappears", it just collapses, which it has done. In Sri Lanka's case, there was also "green" economic mismanagement in the form of banning artificial fertilizers, and the collapse of the tourist industry due to COVID, but you always have these confounding factors in the real world, plus the collapse is always caused by this or that proximate cause, i.e. some concrete fuckup.
The point isn't so much that the dollar strengthens, it's that people find out that they don't have dollars they thought they had. You know: "I'm getting monthly dollar-funding, defo, totes legit. Oh shit, it's gone."
As these "ooopsie whoopsie" moments accumulate, economic output also decreases, driving up inflation because companies downsize or go bust.

>> No.54560787

>>54560660
It's a bit like what happened during the Great Depression, though there, prices did also go down (until FDR seized the gold and devalued the dollar against it).
Both today and then, this sort of thing happens because of leverage. Nowadays, we also have high debt burdens (economy-wide leverage). Let's not focus on the faster accumulation of losses here, but rather on what debt does: as debt-load increases, more and more of the income from production goes towards servicing debt, which is wasted, since it only pays off production that already occurred, i.e. it's in the past. If you took out debt to produce shoes, say, and sold those shoes a year ago, you now still have the debt, and you're not getting any income today from having produced shoes a year ago. Today you only have the debt. Thus, in the limit, all the income of companies goes towards servicing debt instead of financing economic activity. Since debt is also monetized, i.e. people sell their government or corporate bonds, and banks make loans based on them, the debt appears to be money in the economy (until companies can no longer pay and the debt-based "money" disappears in debt defaults).
Long story short: it's due to us refusing to understand that you can't create money. Well, you can create money, but you can't create wealth. It's just that, if you can't print dollars, then dollars look like wealth to you. If you can print dollars, then real goods are wealth. You can't create wealth that's external to you. And all wealth, in this sense, is external to you, and everything that you can "create" is some bullshit IOU.

>> No.54560992

>>54560216
Interest rates will plateau before they come down but we'll probably still get one more hike before that. This just means the hikes are working which is good.

>> No.54561007

>>54559937
once you do make sure you lock in the price on trezor

>> No.54561012

>>54560444
10 years for 20% on your rocks with a 10% commission on both sides. You're literally losing money holding gold if it's even real gold and not just a tungsten brick.

>> No.54561151

>>54561012
You actually believe the tungsten brick meme?

>> No.54561176
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54561176

>>54559933
>because life is inherently cruel and we wont get away with our financial worldwide jewery this easy

>> No.54561266

>>54561007
Already locked half my bitcoin at 30.5k price point to hedge against a dump just to be safe anon. Newfags always get burned by not locking kek.

>> No.54561310

>>54559842
BlackRock said money printers are staying on and we are going to have to live with higher inflation.

>> No.54561396

>>54560412
Bullish tho because nobody cares anymore and the narrative switched

>> No.54561462

>>54561266
keyed & locked