Author Topic: Non-Political Market/Economy/Finance/etc. Thread (Read 35726 times)

Spracne · « **Reply #75 on:** July 08, 2022, 01:52:22 PM »

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 · « **Reply #76 on:** July 08, 2022, 02:14:35 PM »

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 · « **Reply #77 on:** July 08, 2022, 02:54:09 PM »

Quote from: sys on July 08, 2022, 02:14:35 PM

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 · « **Reply #78 on:** July 08, 2022, 02:54:54 PM »

Quote from: Spracne on July 08, 2022, 01:52:22 PM

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 · « **Reply #79 on:** July 12, 2022, 12:38:44 PM »

Inflation gtfoomf

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

Stupid Fitz · « **Reply #80 on:** July 12, 2022, 01:45:01 PM »

Quote from: Spracne on July 08, 2022, 01:52:22 PM

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 · « **Reply #81 on:** July 12, 2022, 02:09:39 PM »

Quote from: steve dave on July 12, 2022, 12:38:44 PM

Inflation gtfoomf

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

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

Kat Kid · « **Reply #82 on:** July 12, 2022, 03:26:02 PM »

I am going to be buying the dip on oil.

bucket · « **Reply #83 on:** July 12, 2022, 03:31:57 PM »

Quote from: Kat Kid on July 12, 2022, 03:26:02 PM

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 · « **Reply #84 on:** July 12, 2022, 03:36:48 PM »

Quote from: Kat Kid on July 12, 2022, 03:26:02 PM

I am going to be buying the dip on oil.

i think that will work well for you.

Justwin · « **Reply #85 on:** July 12, 2022, 03:43:04 PM »

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 · « **Reply #86 on:** July 12, 2022, 03:48:42 PM »

Quote from: Justwin on July 12, 2022, 03:43:04 PM

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 · « **Reply #87 on:** July 12, 2022, 03:50:46 PM »

Quote from: bucket on July 12, 2022, 03:31:57 PM

Quote from: Kat Kid on July 12, 2022, 03:26:02 PM
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 · « **Reply #88 on:** July 13, 2022, 07:28:31 AM »

We getting a 9%+ today?

steve dave · « **Reply #89 on:** July 13, 2022, 07:31:04 AM »

Headline CPI +1.3%

steve dave · « **Reply #90 on:** July 13, 2022, 07:31:35 AM »

9.1% yoy !!!!

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

michigancat · « **Reply #91 on:** July 13, 2022, 07:32:43 AM »

Quote from: Justwin on July 12, 2022, 03:43:04 PM

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 · « **Reply #92 on:** July 13, 2022, 07:46:00 AM »

Quote from: steve dave on July 13, 2022, 07:31:35 AM

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 · « **Reply #93 on:** July 13, 2022, 09:44:56 AM »

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

Justwin · « **Reply #94 on:** July 13, 2022, 09:52:05 AM »

Quote from: michigancat on July 13, 2022, 07:32:43 AM

Quote from: Justwin on July 12, 2022, 03:43:04 PM
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 · « **Reply #95 on:** July 14, 2022, 06:04:58 AM »

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

Justwin · « **Reply #96 on:** July 14, 2022, 09:11:17 AM »

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

steve dave · « **Reply #97 on:** July 14, 2022, 09:26:20 AM »

Quote from: Justwin on July 14, 2022, 09:11:17 AM

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

We did it folks

Spracne · « **Reply #98 on:** July 19, 2022, 03:10:20 PM »

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 · « **Reply #99 on:** July 19, 2022, 04:24:25 PM »

Quote from: Spracne on July 19, 2022, 03:10:20 PM

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