August CPI came in worse than expected with CPI rising to 8.3% but I think this is actually a good thing. I know it sounds crazy but if you give me a few minutes I will show you why this is absolutely the case.
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Surely you need to look at the inflation number for the last month to understand what's going on!? It was 0.1% with the previous being 0%. The 8.3% figure is because the 1% months were march, may, June, so don't fall off until next year. However the direction of travel is low inflation month on month. This is surely a good thing!!!
Gold is going down and eur is going down. So why prices are going up the reason is when i wanna sell something to us market then now i get 10% less in euros but my input prices are 10% higher so i rise price 20% and inflation rises. Adding .75 does another eur.usd change so we end between .90-.95. That has impact on euro zone stock market that will sell fast and they open positions in us stock market. I have eur.usd position opel like lots of rtail traders from eu have and because of that all investments to us market in last year have 10% bonus so when rising .75 another 10% is coming
Just added Life in the Tropics to my Playlist…
Antibiotic analogy (virus mistake aside 🙂) is a good one. This is going to take at least 4 more hikes until the deflationary economic macros take the place of QT and higher cost of debt.
The vast increase cost of food and energy at a global level is going to suck huge amount of discretionary spending. This will impact all markets and inflows into capital spending.
Stock market will recover in November 2024 when Biden is out.
How high should interest rates be long term to prevent high inflation from coming back?
The Fed has been late for the past 2 years. Not sure why you are so certain they are acting timely right now. You do realize there is a lag after rates are raised before it takes effect, right? Oh, I forgot, you are smarter than not only Cathy, but also Elon Musk. Anyone who speaks in certainty about macroeconomics sounds foolish. Nice clickbait video Bill Ackman.
interesting, but Brandon is not really aware of all these subtleties and will simply spend for votes right up until Election night. Then he will hope a young aide will be able to show him the way from the podium. Biden-Powell is not Trump-Powell.
Couldn't agree more. The cycle of rate hike medication must be completely to avoid becoming Turkey. Hope fed feels like they have enough political cover to do what is necessary.
Who else just saw JPow beating off?
Has the Inflation Reduction Act not taken effect?
Strictly speaking antibiotics only work against bacteria not viruses, just saying! 😉
Just do the right thing Jerome.
Clown shoes man
Dude your on crack bro its not, people are losing there homes and lives wtf crack you smoking.
“Politicians coming down Jerome Powell’s throat”
8 minute video and all I heard was Jerome Powell beating off.
I always like the videos. It’s the first thing I do. Thanks for all you do Tom!
Completely agree it is a good thing, market will soon wake up and realize this.
Hi Tom with the pendant railway strike, do you think it’s a good idea to do a cover call on FedEx and UPS and short railroad?
Thank you Tom!!! Keep up the great work!
I agree in that I think this will keep the Fed on track, which is for the best in the long run
Of course Cathy Wood wants the Feds to slow down. Her ETF's are losing her investors tons of money and they might run and never return again.
Very interesting point!
Nice work Tom.
What about core inflation increasing??
Tom, you failed today. Market dumped big time today because Fed mainly looks at core CPI and that came in hot. Did you forget that?
I liked, subscribed, watched and put on notifications. Tom is worth that much guys. Thanks Tom.
Tom great video
Biden will simply say inflation is coming down. The democrats don't live in reality, so they will just lie and say what they want. Just like they lie and make up stories about Jan 6th. lol
I am your new OG 😂. Классный контент, спасибо!