Inflation and What To Do

[Foxx]

... 

 

[Foxx]

This month's CPI: +6.3% (MoM basis).

[Nouseforaname]

25 minutes ago, Foxx said:

This month's CPI: +6.3% (MoM basis).

 

Yep.  Until inflation goes to about 2-3%, rates will continue to be high.

[Foxx]

4 hours ago, Nouseforaname said:

 

Yep.  Until inflation goes to about 2-3%, rates will continue to be high.

[Foxx]

But you already knew that...

 

[Foxx]

Lebanon

 

[Nouseforaname]

22 minutes ago, Foxx said:

Lebanon

 

Time to shoot rockets toward Israel to shift attention. 

[Foxx]

It rose .2% more than expected, and actually fell .1% from the previous month.

 

[Nouseforaname]

10 minutes ago, Foxx said:

It rose .2% more than expected, and actually fell .1% from the previous month.

 

One things for sure, rates aren’t going to pivot downward until q3 imho.

[Foxx]

Now I'm scared...

 

[Foxx]

5-year basis

 

[Nouseforaname]

1 hour ago, Foxx said:

5-year basis

 

It’s not dropping, no one who is honest has ever said that.  The rate of increase is dropping.

 

Since it is a lagging indicator, it’s important not to keep rates too high as the impact of the current fed policies will only be really felt in a quarter or two.

 

I stand by my prediction that the fed will drop rates starting q3.

[Foxx]

"Our models failed"

 

[Uncle Joe]

On 1/31/2023 at 4:24 PM, Foxx said:

But you already knew that...

 

I've been saying for a while now that fifty is the new twenty. 

And yes I still carry cash. 

[Foxx]

7 minutes ago, Uncle Joe said:

I've been saying for a while now that fifty is the new twenty. 

And yes I still carry cash. 

Me too. Kinda grinds my gears that convenience stores give you a hassle if you hand them a 50 (or 100 for that matter).

[Uncle Joe]

1 minute ago, Foxx said:

Me too. Kinda grinds my gears that convenience stores give you a hassle if you hand them a 50 (or 100 for that matter).

Seems to me like they're getting used to seeing the bigger bills come out.

Now if you have an EBT card you're golden. 🤬

[Foxx]

Get ready to pay more at the pump. Futures, starting tonight, should be interesting. 

 

OPEC+ Makes Surprise 1 Million-Barrel Oil Production Cut

Quote

... Saudi Arabia led the cartel by pledging its own 500,000 barrel-a-day supply reduction. Fellow members including Kuwait, the United Arabia Emirates and Algeria followed suit, while Russia said the production cut it was implementing from March to June would continue until the end of the 2023. 

 

The initial impact of the cuts, starting next month, will add up to about 1.1 million barrels a day. From July, due to the extension of Russia’s existing supply reduction, there will be about 1.6 million barrels a day less crude on the market than previously expected. ...

 

[Foxx]

Biden Whitehouse flipping caused the Saudi action.

 

[Foxx]

On 4/2/2023 at 1:43 PM, Foxx said:

Get ready to pay more at the pump. Futures, starting tonight, should be interesting. 

 

OPEC+ Makes Surprise 1 Million-Barrel Oil Production Cut

 

Brent was up 5.3%. Largest one day gain in almost a year...

[Foxx]

This lady (and all of the cronies) is insane.

 

I mean, since 2008, they have already printed into existence one of every four dollars. And now they want to take that to a new level of three of every four dollars?

what could possibly go wrong...