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Inflation drops from 9.1% to 8.5%
Mayday:
Year end CPI target is 3.9% and year end 2023 target is 4.4%.
Year end rate target is 3.4% and year end 2023 rate target is 3.8%.
The World’s richest man who would never sell Tesla shares sold another 6.9B in Tesla shares making the total somewhere 23B+.
Stocks rallied.
S&P today is -12.5% from all time high. While people keep claiming ‘bearish’ they are positioned euphoric bullish believing they are front running the next QE……
the problem with that is the next QE is going to be on food and is designed to increase inflation on food and energy so you have less income to spend on consumer products made offshore. That is the de-globalisation plan.
We have Google and others refusing to provide future guidance. Why? Because they are ad based revenue platform and with consumer demand being annihilated this coming 3yrs+, business cuts Marketing and advertising expenditure first and we cut it hard.
FitnessFrenzy:
5 % inflation in 12 months. In 3 years, people will stop talking about it, and it will no longer be an issue.
Moontrane:
--- Quote from: FitnessFrenzy on August 11, 2022, 12:28:56 AM ---5 % inflation in 12 months. In 3 years, people will stop talking about it, and it will no longer be an issue.
--- End quote ---
Interesting and provocative predictions.
In three years we'll be 7 months into a second Biden or new administration. Which do you predict?
Marty Champions:
gas price seems to be the indicator of everything, slightly down because many quit buying
IroNat:
Musk cashing up for Twitter buy?
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