Oso planning to go pro
SmithThat is not what I said. If you think for one second that I am comparing the USA to China you have bumped your hard. You really are a foul ball.
🐷🐷
Bumping your hard can be either good or bad.
Sorry Goose, but you're just way off here. The R's have spent the last decade telling you that Government institutions can't be trusted. Thats's their continued focus, don't trust Government so you are unable to judge them. Oh, unemployment was X? Maybe. You mean inflation is Y? Could be, but maybe it's not. You are playing right into their hands, if no data can be trusted, then they can't be held accountable when they perform poorly. Kinda like they didn't lose the election because there were "anomalies." Facts are facts, the unemployment rate, inflation, GDP is all measured and reported. Sometimes you may like it, sometimes not, but the numbers are what they are. And, you're wrong that both sides are telling you that the numbers are unreliable. One side has been pounding the "deep state lies" for years now, and you know better than to continue to buy into the BS.
Back to investing: AAPL hits an all time high today on news of Apple GPT. Carry on.
I'd like the Fed not to raise interest rates at the next meeting, though the market already has it priced in. The trajectory of inflation is such that they are going to hit their 2% target, or be in the near vicinity, without additional raises. And if the next 1-2 months doesn't bear that out, then they can act. For now, stop smashing what you've already killed.They were late to act, now I think they are going to be late to stop acting.
Who saw that coming?
Didn't know where else to put:
Meh, we're well out of the woods unless WW3 kicks off. Some people just hate being wrong. Inflation is back to normal-ish. CPI YoY is back to normal. Rates are finally back to where they should be, meaning that the next time there's deflation we have some ammo to fix it instead of that absolutely wild 0 rate environment we experienced.Like usual, lots of people have opinions about things they don't understand. Like this whole thread. And me.
Goose, to be fair, I think this example is what you are talking about when you think the economy is "fragile."https://twitter.com/JStein_WaPo/status/1682120877515714562?s=20
This is a success story.
I have to say that I honestly have no idea what the actual truth about our economy is presently. I have read various "leading" economists in several sources that have said one thing in the last 9 months, "changed their opinion", went back to their original prognostications, and now are taking about either a soft landing or a recession. I mean they honestly sound no different from Jim Cramer. All this said we seem to know that the dollar isn't going as far as it used to but at the same time the consumer spending and GDP have exceeded expectations. I have several questions: Do you trust these numbers as facts? Have economists become more political? Who do you actually believe? What exactly will determine Powell not raising interest rates anymore? Is your cost of living/overall expenses in your community more, less, or about the same as they were say a year ago?