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Off-Topic Stock Market & Crypto Discussion

mr.h said:
Ladies and gentlemen, this is your Captain speaking. Please prepare for a soft landing.
Crash Plane GIF
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No more 1st class for me!
 
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JD08 said:
Only problem is wages aren't going up relative to inflation.
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Actually that’s yet another aspect of inflation. So if the concern is a hawkish Fed, then Wages remaining low is key.
 
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JD08 said:
People wonder how income inequality is a symptom, not the problem. Here's exhibit 1.
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PPI Thursday with jobless claims.
We should see a similar drop
I see the problem as consumers spending like drunken sailors, so why cut prices?
 
mr.h said:
PPI Thursday with jobless claims.
We should see a similar drop
I see the problem as consumers spending like drunken sailors, so why cut prices?
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That's the question. Which consumers?
 
JD08 said:
That's the question. Which consumers?
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High employment and spending go together. Consumers are picking and choosing where to spend, but they’re spending.
As we saw today, inflation is dropping.
 
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mr.h said:
High employment and spending go together. Consumers are picking and choosing where to spend, but they’re spending.
As we saw today, inflation is dropping.
Click to expand...
People lament income inequality and treat it like it's a root cause. Meanwhile, it's getting worse and they don't see that it's an effect.

We're going to be spending a trillion dollars servicing the national debt pretty soon. But yay, rich people are spending.
 
JD08 said:
People lament income inequality and treat it like it's a root cause. Meanwhile, it's getting worse and they don't see that it's an effect.

We're going to be spending a trillion dollars servicing the national debt pretty soon. But yay, rich people are spending.
Click to expand...
We need to rebuild the middle class, who were devastated with made in Japan and made in China. Things need to be made here. Germany is a good example of producing high quality products, at home, that aren’t affected by cheaper brands. We can do that and be more cost efficient than Europe.
 
As of last month wages are keeping up with inflation. Hopefully it’s a trend.
 
08:30USDContinuing Jobless Claims(Jun 30)1.729M0.341.723M1.718M
08:30USDInitial Jobless Claims(Jul 7)237K-0.76250K248K
08:30USDInitial Jobless Claims 4-week average(Jul 7)246.75K--253.5K
08:30USDProducer Price Index (MoM)(Jun)0.1% -0.360.2%-0.4%
08:30USDProducer Price Index (YoY)(Jun)0.1% -0.650.4%0.9%
08:30USDProducer Price Index ex Food & Energy (MoM)(Jun)0.1% -0.460.2%0.1%
08:30USDProducer Price Index ex Food & Energy (YoY)(Jun)2.4% -0.482.6%2.8%
Jobless claims down.
PPI is down across the board.

dropping:
doctor strangelove GIF
 
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From ML's Michael Hartnett, who full disclosure has been a bear

The Biggest Picture: past 12 months US government spent $6.7tn, up 14% YoY (Chart 2); FY'23 US federal deficit up staggering $1tn to $1.4tn from year before; tough to get recession when unemployment 3% & budget deficit 9% GDP; we say ’23 disinflation to prove “transitory,” real rates to rise & no <3% US yields without very “hard landing.”
 
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