Author Topic: Non-Political Market/Economy/Finance/etc. Thread  (Read 3554 times)

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Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #125 on: August 01, 2022, 12:18:45 PM »
This feels like good news, please confirm.

it was inevitable. I'm personally surprised it is looking like such a snapback though. It's good in that extreme inflation is bad. but we're going to see reaction in other areas that are seen as not good. also inevitable.

Offline michigancat

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #126 on: August 01, 2022, 12:23:39 PM »
my uninformed ass just thinks things are very weird and unpredictable right now

Offline bucket

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #127 on: August 01, 2022, 12:34:31 PM »
my uninformed ass just thinks things are very weird and unpredictable right now


Mohamed is a good follow. I think the main point to stress is that "the market is not the economy." The question is whether this is a relief rally or not, and a lot of people are betting on the bear market being over and the market bottoming in June.
« Last Edit: August 01, 2022, 12:41:15 PM by bucket »

Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #128 on: August 01, 2022, 12:37:00 PM »
Don’t get Mo started on the Jets!

Offline bucket

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #129 on: August 01, 2022, 12:42:05 PM »
Don’t get Mo started on the Jets!

He likes his sports.

Offline sys

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #130 on: August 01, 2022, 02:51:19 PM »
depending on my mood i either find it mildly amusing or extremely annoying when good ol' tom keene wastes half of every interview trying force guests to offer milquetoast sports takes (boston and ny only).
"lol, i understand military logistics quite well, thanks."

Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #131 on: August 01, 2022, 02:54:14 PM »
depending on my mood i either find it mildly amusing or extremely annoying when good ol' tom keene wastes half of every interview trying force guests to offer milquetoast sports takes (boston and ny only).
Kernan talks Jets with Mo for about 1/5 of each time he’s on (like twice a week).

Offline sys

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #132 on: August 01, 2022, 03:01:22 PM »
el erian used to be a bloomberg guy, wonder why he switched teams.
"lol, i understand military logistics quite well, thanks."

Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #133 on: August 01, 2022, 03:05:06 PM »
Sort of on this topic probably the only daily email thing I have ever been able to recommend is the Bloomy 5 Things You Need To Know To Start Your Day.

Offline Kat Kid

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Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #135 on: August 05, 2022, 10:36:00 AM »
https://www.cnbc.com/2022/08/05/jobs-report-july-2022-528000.html

Payroll +528,000 jobs
Incredible. I still think odds of recession are high but the odds of a “soft landing” are not zero and I would have said dang near zero not long ago. Also once service and leisure jobs get done ramping we will crest and start losing.


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Offline Kat Kid

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #136 on: August 05, 2022, 10:42:38 AM »
if the next inflation number comes down Jay Powell is about to start endzone dancing

Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #137 on: August 05, 2022, 10:43:23 AM »
if the next inflation number comes down Jay Powell is about to start endzone dancing

deservedly so

Offline Kat Kid

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #138 on: August 05, 2022, 12:43:57 PM »
Joe Weisenthal just tossed it up, get ready for J Powell to hit the whoah

?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1113846897347911682%7Ctwgr%5E995672841a391c64da16ae01652acf19e2474148%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fmashable.com%2Farticle%2Fhit-the-woah-challenge

Offline cfbandyman

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #139 on: August 05, 2022, 01:12:16 PM »
if the next inflation number comes down Jay Powell is about to start endzone dancing

deservedly so

Will spike that ball in the endzone
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Offline KITNfury

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #140 on: August 05, 2022, 01:16:30 PM »
If we get out of this without a recession, or even just a minor one, it's a huge, huge win.
I once blew clove smoke in a guy's face that cut in front of me in the line to KJ's.

Offline sys

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #141 on: August 05, 2022, 03:22:21 PM »
not everyone agrees with this thread's interpretation of today's numbers.

"lol, i understand military logistics quite well, thanks."

Offline steve dave

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Non-Political Market/Economy/Finance/etc. Thread
« Reply #142 on: August 05, 2022, 09:38:44 PM »
not everyone agrees with this thread's interpretation of today's numbers.


What is “this thread’s interpretation”? In your interpretation….


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Offline Spracne

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #143 on: August 05, 2022, 09:45:51 PM »
not everyone agrees with this thread's interpretation of today's numbers.


What is “this thread’s interpretation”? In your interpretation….


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The nine tweets in that Twitter thread.

Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #144 on: August 05, 2022, 09:53:35 PM »
not everyone agrees with this thread's interpretation of today's numbers.


What is “this thread’s interpretation”? In your interpretation….


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The nine tweets in that Twitter thread.
That tweet thread agrees with my interpretation of today’s numbers as far as I can tell (disclaimer: I’m a rough ridin' moron and am usually missing something)


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Offline Spracne

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #145 on: August 05, 2022, 09:55:00 PM »
not everyone agrees with this thread's interpretation of today's numbers.


What is “this thread’s interpretation”? In your interpretation….


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The nine tweets in that Twitter thread.
That tweet thread agrees with my interpretation of today’s numbers as far as I can tell (disclaimer: I’m a rough ridin' moron and am usually missing something)


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Are you everyone, though? Huh?

Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #146 on: August 05, 2022, 10:11:00 PM »
not everyone agrees with this thread's interpretation of today's numbers.


What is “this thread’s interpretation”? In your interpretation….


Sent from my iPhone using Tapatalk

The nine tweets in that Twitter thread.
That tweet thread agrees with my interpretation of today’s numbers as far as I can tell (disclaimer: I’m a rough ridin' moron and am usually missing something)


Sent from my iPhone using Tapatalk

Are you everyone, though? Huh?

FUUUUUUUUUUUUCK! >:-(


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Offline sys

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #147 on: August 05, 2022, 11:01:36 PM »
What is “this thread’s interpretation”? In your interpretation….

lower chance of recession, greater chance of a soft landing; powell happy.
"lol, i understand military logistics quite well, thanks."

Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #148 on: August 06, 2022, 07:44:55 AM »
What is “this thread’s interpretation”? In your interpretation….

lower chance of recession, greater chance of a soft landing; powell happy.

oh. yeah I guess I think a chance of a recession is less than 100% now though I still think it happens.

Offline Kat Kid

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #149 on: August 06, 2022, 08:04:22 AM »
I think that twitter thread and many other inflation hawks are taking it for granted that the Fed must manufacture a recession to bring down inflation and that they themselves would were they J Powell. I think Powell and the rest are willing to let inflation run above 2% if it shows real signs of coming down.

The most frustrating part about the wage-price spiral people sounding the alarms is this chart here:



https://www.epi.org/productivity-pay-gap/

When people like Larry Summers who didn't do nearly enough the last recession to help unemployment (and still were accused by many of causing rampant inflation! Which was absolutely wrong!) are still primarily worried about triggering a recession rather than waiting to see if supply can gear up without pulling down demand.

I think J Powell is going to go for it and I hope he Kerri Struggs the landing and then tells Larry Summers to eff off to Mars.