Society Corona - Stock Market thinktank
- Thread starter so long
- Start date
Yes, bought in around $46
I finally exited my RFP position last week. Quite the run.
I'll be watching it though. They were pretty smart with the extra cash with re-investments and equipment upgrades. If it drops too far I'll jump back in.
Aussie stock market down 5% today.
Double
Last edited:
Fed was wrong again.
May: "We don't anticipate needing to raise rates by 75 bps"
Now: Rumors are we will see 75 bps on Wednesday. Possibly another 75 bps in July. Another 50 bps in September.
They usually limit moves to 25 bps at a time. Back to back 75 bps moves is unheard of.
Some are wondering if they'll go a full 100.
This is a dumpster fire.
Maybe Biden should have appointed intelligent people who were solid in a crisis instead of folks who checked off the woke-accepted boxes.
May: "We don't anticipate needing to raise rates by 75 bps"
Now: Rumors are we will see 75 bps on Wednesday. Possibly another 75 bps in July. Another 50 bps in September.
They usually limit moves to 25 bps at a time. Back to back 75 bps moves is unheard of.
Some are wondering if they'll go a full 100.
This is a dumpster fire.
Maybe Biden should have appointed intelligent people who were solid in a crisis instead of folks who checked off the woke-accepted boxes.
Why would he do that, when his instructions are to cripple the country economically, militarily, and socially? His handlers would give him an A++ rating right now.
Not sure that's a smart strategy.
There is a red tsunami coming in November.
Why would they care about popularity or polls, when their plan is to steal the elections again. Think the economy is bad now? Wait until they shut the country down again in Sept/Oct (or try to anyway) for Covid or Monkeypox (lol), to push drop boxes and mail-in ballots to the public.
We haven’t seen anything yet. Doctors, pharmacists, police officers, teachers, and many others will disregard the oaths they swore to uphold, and go right along with it again too, so they can keep their jobs.
Mark this post and watch it happen.
Well that sounds horrible.
Just to put this out there to let it guide some of your decisions. This is the highest inflation has been on 30 years. Technically it's higher, but let's forget that for a second. To get down that inflation they has 20% interest. The Fed is currently at what, like 1%?
They're nowhere near done fucking up, shits going to get real bad...
unless of course we print out way out of it like in 09.
They can't print their way out of this one.
And I agree. They keep nibbling on the rate - but they don't want to panic the market into a hard recession with midterms coming up. They know what they should do. But they won't do it.
We are in a boat with giant holes in it, but instead of fixing it they are bailing the water out with dixie cups.
They always can. It means the problem is bigger down the road, but they can definitely do it.
I mean they can. But that's why we are where we are now. That would just make it worse.
So yeah. You're probably right. That's probably what they'll do. Haha.
The Federal Reserve escalated its battle against inflation Wednesday, announcing the largest interest rate hike in 28 years as the central bank struggles to regain control over soaring consumer prices.
The Fed raised its benchmark interest rate by three-quarters of a percentage point — the biggest hike since 1994. That follows a quarter-point increase in March and a half-point jump in May.
The Fed raised its benchmark interest rate by three-quarters of a percentage point — the biggest hike since 1994. That follows a quarter-point increase in March and a half-point jump in May.
6uild 6ack 6etter
Tear down the old and build back new a One World Totalitarian Socialist Order......
