Non-Political Market/Economy/Finance/etc. Thread

[Spracne]

This financial advisor guy who keeps calling me every few months and I keep telling him I'm not interested called me yesterday and said he thinks we're headed for a depression, not a recession. I don't really think he's very smart, though, so take it FWIW.

[sys]

my pet hypothesis is that some of that pandemic productivity gains were just unsustainably not doing stuff and now some of the job growth wo gdp growth is having to hire people to do that stuff again.

[steve dave]

my pet hypothesis is that some of that pandemic productivity gains were just unsustainably not doing stuff and now some of the job growth wo gdp growth is having to hire people to do that stuff again.

That makes a lot of sense tbh

https://twitter.com/lizannsonders/status/1545388088477859842

[steve dave]

This financial advisor guy who keeps calling me every few months and I keep telling him I'm not interested called me yesterday and said he thinks we're headed for a depression, not a recession. I don't really think he's very smart, though, so take it FWIW.

Yeah, from the extremely limited amount of information I have about him I’m 100% certain he’s not very smart.

[steve dave]

Inflation gtfoomf

https://twitter.com/wertwhile/status/1546908996493254663

[Stupid Fitz]

This financial advisor guy who keeps calling me every few months and I keep telling him I'm not interested called me yesterday and said he thinks we're headed for a depression, not a recession. I don't really think he's very smart, though, so take it FWIW.

I'm not a very good sales person, but i'm not sure its a great strategy for an FA to tell people he/she wants money from that they will lose all of said money very soon if they give it to him/her.

[steve dave]

Inflation gtfoomf

https://twitter.com/wertwhile/status/1546908996493254663

https://twitter.com/TheStalwart/status/1546854653379371009

[Kat Kid]

I am going to be buying the dip on oil.

[bucket]

I am going to be buying the dip on oil.

stevedave's guy, Jim Cramer said this was the best hedge for tech so I was thinking about doing the same. I didn't realize how much oil prices had fallen over the last month.

[sys]

I am going to be buying the dip on oil.

i think that will work well for you.

[Justwin]

Fireworks sales were down roughly 15-20% this year from 2021. People are pulling back and are being more cautious in the face of uncertainty. I have upped my chances of a recession by the end of 2023 to 50%.

[steve dave]

Fireworks sales were down roughly 15-20% this year from 2021. People are pulling back and are being more cautious in the face of uncertainty. I have upped my chances of a recession by the end of 2023 to 50%.

 

[steve dave]

I am going to be buying the dip on oil.

stevedave's guy, Jim Cramer said this was the best hedge for tech so I was thinking about doing the same. I didn't realize how much oil prices had fallen over the last month.

he's like the opposite of my guy but I know what you mean

[steve dave]

We getting a 9%+ today?

[steve dave]

Headline CPI +1.3%

[steve dave]

9.1% yoy !!!!

I think maybe the new record in my lifetime. Let’s get to 10% next month!

[michigancat]

Fireworks sales were down roughly 15-20% this year from 2021. People are pulling back and are being more cautious in the face of uncertainty. I have upped my chances of a recession by the end of 2023 to 50%.

Way more people are traveling

[michigancat]

9.1% yoy !!!!

I think maybe the new record in my lifetime. Let’s get to 10% next month!

Great squawk box segment as a result! Santelli had steam coming out of his ears!

[steve dave]

Bank of Canada went a full point. Do it Jerome, you coward!

[Justwin]

Fireworks sales were down roughly 15-20% this year from 2021. People are pulling back and are being more cautious in the face of uncertainty. I have upped my chances of a recession by the end of 2023 to 50%.

Way more people are traveling

That is a part of it.

Higher transportation costs (gas, diesel, airfare) are a bigger part of it. The out of control inflation is using up a lot of people's discretionary income and putting a lot of people on edge.

[Katpappy]

Broke bastards shouldn't be spending like they are rich.@wackybrag

[Justwin]

CME Fed Watch probability for a 100 bp hike is currently 83.3%.

[steve dave]

CME Fed Watch probability for a 100 bp hike is currently 83.3%.

We did it folks

[Spracne]

I feel like investing in a company that manufactures A/C units, probably split units, and that has distribution channels in Europe would be a good bet at the moment. Anyone know of companies in this space?

[Kat Kid]

I feel like investing in a company that manufactures A/C units, probably split units, and that has distribution channels in Europe would be a good bet at the moment. Anyone know of companies in this space?

mitsubishi/panasonic/hitachi
ELUXY