People are broke and don't have a clue they are broke.... Waiting for a wad of cash to be thrown in their face...
All I can do is
Inflation.......... ?
- Thread starter Hobo Hilton
- Start date
All I can do is
I watchedI know where you are comin' from.... There is a phrase that we should all be aware of.. "Investor's expectations"...
These are people in foreign countries, people who never worked hard enough to get calluses on their hands, don't own a gun, can't grow a garden, live in a mega city and eat plant based food... Should I go on ?
If you dropped me and an investor off on a mountain, in a swamp or on the high plains during a snow storm... I'm sure I'd kill him before it came time to make camp for the night.... Why ? No need to carry dead weight.
For you guy's that have followed this topic... All of the signs were there that this recession was going to take hold...
Brace yourselves for more "Heavy Hitter" companies to drop 10% or more in a day.
I watched many hundred billion dollar companies drop 50% on earnings in the last 3 months.I know where you are comin' from.... There is a phrase that we should all be aware of.. "Investor's expectations"...
These are people in foreign countries, people who never worked hard enough to get calluses on their hands, don't own a gun, can't grow a garden, live in a mega city and eat plant based food... Should I go on ?
If you dropped me and an investor off on a mountain, in a swamp or on the high plains during a snow storm... I'm sure I'd kill him before it came time to make camp for the night.... Why ? No need to carry dead weight.
For you guy's that have followed this topic... All of the signs were there that this recession was going to take hold...
Brace yourselves for more "Heavy Hitter" companies to drop 10% or more in a day.
Card companies keep boosting limits. I give it about 3 more months. Maybe less.People are broke and don't have a clue they are broke.... Waiting for a wad of cash to be thrown in their face...
All I can do is
I’m currently in the market for a Camaro SS in 2ss trim, but most are still at MSRP. No worries, I’ll buy it from the last overworked salesman on the lot 4 months from now after all the other sellers have been laid off.
I have not forgotten 2008. Only difference now is there are hardly any gas sippers left to trade gas guzzlers into.
Mainly just the foreign cars, which is why I bought my gay ass Camry for a steal when gas was $2.50 a gallon.
It is what it is..... I'm gettin' too old to hand shovel garden soil, sand, etc off of my flat bed trailer. Should have bought a 2 - 3 yard dump trailer to pull behind my truck 3 years ago. They have doubled in price. Lookin' at all these contractors with new dumps, Bobcats, big Ford Powerstrokes that are not paid for... Get ready for the Fire Sale.
Sadly, this will be the case. If you’ll recall, around January I stopped being my relatively frugal self and started buying what I thought I needed at any price. Glad I did.
In about 6 months you’ll be able to hire some hobos to move the dirt for cheap. Either that or we’ll be in WWIII.
I am waiting for the car market to drop out, I can't believe what people are asking/paying for new and used cars. Not to mention, how the hell are banks lending that kind of money for the overpriced vehicles?
The "banks can't fail" comes back into mind. They will be bailed out once again.
Mark my words.....
Doc
I owe 3500 on a 0% interest card, 3700 on my tool box and about 35k on my house. The first two debts are interest free which is the only reason i have them and they will be paid in the next 3 months. Along with about a years supply of meat in the deep freeze, I feel pretty prepared for what's coming. I really thought it would've happened sooner but it's not the first time I've been wrong.
Both can be true statements.
The problem is that most of the current profit from "overpricing" or "right-pricing" or whatever you believe is going into the dealers' pockets. The OE do save a few thousand per unit because they don't have to offer incentives. The suppliers aren't making shit; in fact, most are worse off since everything costs more and they can't get any pricing relief per their contracts.
Target is down 20% this morning.I know where you are comin' from.... There is a phrase that we should all be aware of.. "Investor's expectations"...
These are people in foreign countries, people who never worked hard enough to get calluses on their hands, don't own a gun, can't grow a garden, live in a mega city and eat plant based food... Should I go on ?
If you dropped me and an investor off on a mountain, in a swamp or on the high plains during a snow storm... I'm sure I'd bury him before it came time to make camp for the night.... Why ? No need to carry dead weight.
For you guy's that have followed this topic... All of the signs were there that this recession was going to take hold...
Brace yourselves for more "Heavy Hitter" companies to drop 10% or more in a day.
You are up mighty early to give us that report...
Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles.
"Expectations" are kind of like "Hope".... Could be loaded with disappointment.
Target shares sink 25% after company says high costs, inventory woes hit profits
The big-box retailer said it saw a healthy customer, but a shift to experience-based purchases, such as toys for birthday parties and luggage for trips.
www.cnbc.com
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WHEAT - No let up in sight.... just a reminder. The FED Reserve is wanting to announce that inflation has leveled off.... Beware
I don’t sleep much, plus I was sitting on a rather unsafe amount of puts, lol.You are up mighty early to give us that report...
Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles.
"Expectations" are kind of like "Hope".... Could be loaded with disappointment.
Target shares sink 25% after company says high costs, inventory woes hit profits
The big-box retailer said it saw a healthy customer, but a shift to experience-based purchases, such as toys for birthday parties and luggage for trips.
I never short Walmart, because everyone shops there. However, target is the instagram famous mom flex store, and when they’re broke as fuck, they shop at Walmart.
Add $24 minimum wage and the fact that walmart and Amazon have declined this year, and it was an easy short.
Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
Former Morgan Stanley Asia chairman Stephen Roach warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth.
www.cnbc.com
Similar to a Doctor making a diagnosis in a very ill patient.Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
Former Morgan Stanley Asia chairman Stephen Roach warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth.
I was expecting a few more paragraphs explaining the cure to this illness.
Stephen Roach is 76 years old and has, not only survived, but documented the most volatile events in America's financial markets.
Certainly makes me wonder why he is not the Chairman of the Federal Reserve ?
Perhaps he is just one more man who refuses to become politicized.
Stephen S. Roach - Wikipedia
Stock market will tank in stagflation scenario, Bank of America warns
The S&P 500 has gotten obliterated in a widespread sell-off this month, and the benchmark index is likely to drop even lower if the economy experiences a return to 1970s-style stagflation, according to Bank of America analysts.
www.foxbusiness.com
The FED Reserve can slow inflation by raising interest rates. The economic stagnation will run it's course. Dumping more money into the matrix will only worsen the situation. The US Government must slow down it's "free money" give away.Stock market will tank in stagflation scenario, Bank of America warns
The S&P 500 has gotten obliterated in a widespread sell-off this month, and the benchmark index is likely to drop even lower if the economy experiences a return to 1970s-style stagflation, according to Bank of America analysts.
Deja Vu = Helicopter , Ben Bernanke
Helicopter money - Wikipedia
You May Want To Invest In Real Estate While You Still Can
Large investors have dominated the commercial real estate market for practically ever, while average individuals have typically been able to find opportunities in the single-family and small multifamily space fairly easily. However, when a major opportunity presents itself, institutions are...
This is what I’m talking about with my thoughts on the housing market when the depression hits.
You will own nothing, and be happy.
this is an absurd article. To think that the Eastern Seaboard, which saw ridiculous home price increases, is less than 20% chance of correction is simply dumb. You can't slow the economy, raise mtg rates and reduce incomes and NOT expect a major house correction after witnessing years of ridiculous price increases due to major debt expansion
Yeah, I agree, I posted this to see if anyone would react. Non of us can look into a crystal ball and predict these things.
The FED Reserve seems to be MIA.
www.cnn.com
What if the Fed can't tame inflation? | CNN Business
To badly misquote John Lennon: Everybody's talking about inflation, stagflation, capitulation, globalization, stagnation, this-ation, that-ation, -ation, -ation, -ation. All we are saying is please make it end.
We should be so lucky.The FED Reserve seems to be MIA.
What if the Fed can't tame inflation? | CNN Business
To badly misquote John Lennon: Everybody's talking about inflation, stagflation, capitulation, globalization, stagnation, this-ation, that-ation, -ation, -ation, -ation. All we are saying is please make it end.
Up 100% in 12 months
08:01:00 AM
MI Indication
Up 77% in 12 months
08:11:00 AM
MI Indication
WheatCommodity
429.75+3.25+0.76%08:01:00 AM
MI Indication
Up 77% in 12 months
OatsCommodity
6.68+0.40+6.37%08:11:00 AM
MI Indication
Now we're getting somewhere. Any bets on where it will be in August when the grain/fertilizer/weed killer gets priced in? I'm guessing you can double it.
Appearing those shopping trips are dwindling.
www.cnbc.com
Abercrombie & Fitch shares fall 29% after retailer posts loss, offers weak outlook
Abercrombie & Fitch slashed its sales outlook for fiscal 2022, anticipating that economic headwinds will remain at least through the end of the year.
www.cnbc.com
The "Government" will skew the numbers and push the bad news into 2023. Their propaganda will say we are heading for a "soft landing".
Attachments
Well no inflation on this purchase. Pavers for my never ending home shooting range project.
Menard's - 22 cents each. Wanted clay bricks, but these will do.
Menard's - 22 cents each. Wanted clay bricks, but these will do.
“Foundries have already increased prices 10-20% in the past year,” Bain semiconductor analyst Peter Hanbury told CNBC. “We expect a further round of price increases this year, but smaller (i.e. 5-7%).”
www.cnbc.com
Electronics are set to get even more expensive as chip giants hike their prices
Products that rely on semiconductors are set to get even more expensive as chip foundries prepare to increase their prices, according to analysts.
www.cnbc.com
Record high prices threaten Memorial Day plans
Many Americans are hitting the road to celebrate Memorial Day this weekend for the first time in three years, but high prices for travel and food loom this weekend.
www.foxbusiness.com
The inflation we have now is only squeezing the middle and lower classes.
Yes, inflation affects the affluent, but these are minimal compared to their overall overhead expenses. The percentages are different, but the effect is fractional.
Quite frankly, without the middle class competing, it makes it actually cheaper to some degree for the wealthier to acquire the same items they would normally compete with the middle class for.
The people that can afford a $8k scope are still going to buy an $8k scope even with current inflation or are buying now to beat inflation.
The people that can afford a $2k scope are feeling it along with the $400 scope crowd. If you can't afford $400 for a scope, you're saving your pennies for food/rent/gas.
Yes, inflation affects the affluent, but these are minimal compared to their overall overhead expenses. The percentages are different, but the effect is fractional.
Quite frankly, without the middle class competing, it makes it actually cheaper to some degree for the wealthier to acquire the same items they would normally compete with the middle class for.
The people that can afford a $8k scope are still going to buy an $8k scope even with current inflation or are buying now to beat inflation.
The people that can afford a $2k scope are feeling it along with the $400 scope crowd. If you can't afford $400 for a scope, you're saving your pennies for food/rent/gas.
Oil (WTI)Commodity
115.53+0.46+0.40%06:39:00 AM
NYMEX
A deeper drop in Russian oil supply is likely to trigger a global recession and a full-blown energy crisis, Bank of America warns
Oil could surge to $150 a barrel if Russian exports drop sharply, BofA said. That's well above the current $110 level causing pain at the gas pump.
markets.businessinsider.com
Inflation cutting into Indiana residents wallets, forcing changes for many
“It’s difficult because it came from a good economy," Ashley Shultz said, describing herself as a working-middle-class family.
As I said 873,000 times, people can’t hide from high gas.
According to most analysts, pandemic savings are about gone for the majority. Now they are living on the conveniently timed, un-asked for credit limit increases.
We are in agreement.Inflation cutting into Indiana residents wallets, forcing changes for many
“It’s difficult because it came from a good economy," Ashley Shultz said, describing herself as a working-middle-class family.www.yahoo.com
As I said 873,000 times, people can’t hide from high gas.
According to most analysts, pandemic savings are about gone for the majority. Now they are living on the conveniently timed, un-asked for credit limit increases.
The Government will hand out "Free Money" in the form of food, rent, education, medical care...
Those with $1m or more will only feel it when their investments don't produce record returns.
This is truly a "Middle Class Squeeze" by design.
The generation finishing college is priced out of the housing market and saddled with student loans. Living in an apartment is their future.
Very few articles about people "Living the Retirement Dream Life", mostly about people working at 70 years old.
Lot's of propaganda from the Financial Planners, Stock Market traders and Financial Experts.. They mixed a new bowl of Koolaid for this circus.
My plan is to maintain, stay healthy, do without, shop the Thrift stores and Estate sales, raise a garden, enjoy my chickens and count my blessings.
You will own nothing, and be happy.
Normally I’m pretty frugal, but in January I went all out purchasing necessities that I think I’d need over the next 5 years. Spent more in a 3 month period than I probably have in the last 10 years.
I wanted stuff in stock, no matter the price. Now I’m comfortable.
I’m also spending more on wants in the last two months. As I said above, I’m not waiting.
My plan is still to die by day 17 of the apocalypse.
I’m going to barter foodstuffs for ass.
Once word gets out that I’m well stocked, roving warlords will attack.
I can’t beat them by myself, so plan on going out in a blaze of glory and cigarette smoke.
Have you considered becoming a writer and penning an "End of the World" type book ?
Central EU Economy, Inflation Rate in Germany Jumps Far Beyond Expectations in May to 8.7 Percent - The Last Refuge
Germany is the central and largest economy within the European Union; it is also the most influential for anything related to the response from the European Central Bank and EU Central Bank President Christine Lagarde. Today, Germany is reporting a massive (unexpected) jump in overall...
theconservativetreehouse.com
Oil continued it's run up while the US Markets were closed. Almost 3%
10:57:00 PM
NYMEX
www.cnbc.com
Oil (WTI)Commodity
118.05+2.98+2.59%10:57:00 PM
NYMEX
Oil prices jump after EU leaders agree to ban most Russian crude imports
Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year.
www.cnbc.com
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America must "Uncouple" it's oil from the rest of the world. Stop the import and export of petroleum based products and crude.
This administration must pull the plug before the price of oil sinks the economy of America.
This administration must pull the plug before the price of oil sinks the economy of America.
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Hard times are coming. Remember, $4+ gas is projected through the end of the year.
If people have children, I’d be getting my Christmas shopping done now.
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