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1. Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Sunday, 12-Feb-2023 07:24:19 JST Chineseman 🟥 #nobot
   Thread Part Two. US economic rightsizing.
   
   RT: https://poa.st/objects/da80ed33-367b-4e75-99f8-66c8ebb06884
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Sunday, 12-Feb-2023 07:24:16 JST Chineseman 🟥 #nobot

     in reply to
     :amongustwerk: :amongustwerk: :amongustwerk:
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Sunday, 12-Feb-2023 07:24:17 JST Chineseman 🟥 #nobot

     in reply to
     CPI down to below 7% yoy despite there being almost no discernable difference in spending within these few months. Some are questioning if the numbers are being massaged. Goldman sachs floating a projection that there will be a 25 bps hike by feb. First off by oct 2021, CPI has already begun accelerating. I dont believe, the feds can some how fix the economy by going back to qe.
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Sunday, 12-Feb-2023 07:24:17 JST Chineseman 🟥 #nobot

     in reply to
     soft landing soon
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Sunday, 12-Feb-2023 07:24:18 JST Chineseman 🟥 #nobot

     in reply to
     yen hitting the historical 150 rate today. BOJ intervenes despite saying they wont. Depends on how much they willing to keep dumping their USD reserves. Doesnt look like it had much of an effect despite their first intervention in Sept.
     
     Other basket currencies also having issues.
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Sunday, 12-Feb-2023 07:24:18 JST Chineseman 🟥 #nobot

     in reply to
     A large volume of narrative change today from the fed.
     
     >US have achieved neutral rate
     >rent inflation is slowing
     >we need to look at data
     >we will slow down rate hikes
     >we cannot risk over tightening
     
     This is no doubt due to the coming elections. People tend to vote angry if they are homeless. As of last month core cpi is still accelerating. At 6.6%, a 40 year high.
     
     Fed didnt even shred its assets. Between the difficult choice of hyperinflating dollar or cold turkey correction. Feds have chosen the third path of prolonging the suffering as long as possible.
   • Chineseman 🟥 #nobot (iamal_pharius@poa.st)'s status on Sunday, 12-Feb-2023 07:24:19 JST Chineseman 🟥 #nobot

     in reply to
     Sept: Excluding food and energy, the core consumer price index accelerated 0.6% and 6.6%, respectively. The yearly gain for core was the highest since August 1982. Headline CPI 8.2%.
     
     Markets betting Fed will hike 75 bps in Nov. All the central banks of economies who are absolutely on petroldollar are looking at interventions. BOJ, ECB and BOE all buying their own long term bonds at spectacular rates.
     
     Next year is pretty cooked. I hope all you boys have a safe trip on the way down.
     
     snap short of market rebound after a futures crash.
   • Berlusconi Anime Fever :sonnenrad: (mechasilvio@poa.st)'s status on Sunday, 12-Mar-2023 05:51:22 JST Berlusconi Anime Fever :sonnenrad:

     in reply to
     @IAMAL_PHARIUS What does this mean for the Grug? STONKS bad? STONKS good? Cash good? What cash?
     Kenny Blankenship repeated this.
   • Kenny Blankenship (dw2@poa.st)'s status on Sunday, 12-Mar-2023 05:51:22 JST Kenny Blankenship

     in reply to

     • Berlusconi Anime Fever :sonnenrad:
     @MechaSilvio @IAMAL_PHARIUS My guess is that the Fed will keep hiking rates til things break, then it will pivot and start the easy money policies again.
     
     They'll claim they tried to fight inflation, and might even fudge the numbers to look like they were somewhat successful, but they'll say that they have to pivot to help the economy.
     
     "We know inflation is still high goy, but don't you want your 401K to survive?"