marioandsonic Posted April 12, 2022 Share Posted April 12, 2022 20 hours ago, b_m_b_m_b_m said: What does this mean? Quote Link to comment Share on other sites More sharing options...
Chris- Posted April 12, 2022 Share Posted April 12, 2022 56 minutes ago, marioandsonic said: What does this mean? It would mean all consumer goods less food/energy only rose 0.1% month over month (the real figure ended up being 0.3%, which is still not terrible). It means that - for now - the inflation we are seeing is more or less contained to select industries/products. 1 Quote Link to comment Share on other sites More sharing options...
Brian Posted April 12, 2022 Share Posted April 12, 2022 It means all those people who finally got long overdue raises are still getting fucked Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted April 12, 2022 Share Posted April 12, 2022 Glad I locked in my 1.59% mortgage rate for 5 years. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted April 12, 2022 Share Posted April 12, 2022 Just now, ManUtdRedDevils said: It means all those people who finally got long overdue raises are still getting fucked When I took my current job, I was ecstatic because we have a transparent salary grid that increases by 5.5%/yr for the first seven years in a position, and we also get whatever raises the teachers union negotiates with the government (current contract is 0-2-2). So this year I get around 7.5%. But...this is basically only protecting me from inflation, and I am a lucky person. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 12, 2022 Share Posted April 12, 2022 14 minutes ago, Chris- said: It would mean all consumer goods less food/energy only rose 0.1% month over month (the real figure ended up being 0.3%, which is still not terrible). It means that - for now - the inflation we are seeing is more or less contained to select industries/products. The bond market has reacted accordingly: 10-year Treasury yield pulls back from 3-year high after core CPI comes in lighter than expected WWW.CNBC.COM The 10-year U.S. Treasury yield retreated from a three-year high as investors digested the latest inflation report. Quote Investors seemed to take solace from the core CPI, excluding food and energy, which increased 6.5% year over year, in line with the expectation. Month to month, core CPI rose 0.3%, lighter than the 0.5% expectation. Quote Link to comment Share on other sites More sharing options...
Bacon Posted April 12, 2022 Share Posted April 12, 2022 My favorite chocolate milk is 6 bucks a gallon... 5 Quote Link to comment Share on other sites More sharing options...
Jason Posted April 12, 2022 Share Posted April 12, 2022 6 minutes ago, Commissar SFLUFAN said: The bond market has reacted accordingly: 10-year Treasury yield pulls back from 3-year high after core CPI comes in lighter than expected WWW.CNBC.COM The 10-year U.S. Treasury yield retreated from a three-year high as investors digested the latest inflation report. I Bonds gonna be at nearly 10% at least. The Safe Investment That Will Soon Yield Almost 10% WWW.WSJ.COM The March surge in the consumer-price index is the latest boon to buyers of U.S. savings bonds that are adjusted for inflation, known as I Bonds. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted April 12, 2022 Author Share Posted April 12, 2022 The Democrats will absolutely not be able to convince voters this November that inflation isn't their fault. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted April 12, 2022 Share Posted April 12, 2022 8 minutes ago, mclumber1 said: The Democrats will absolutely not be able to convince voters this November that inflation isn't their fault. The future of America is both parties attempting to keep gasoline sub $3/gallon at the expense of everything else in existence, and voters rewarding them for it. Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted April 12, 2022 Share Posted April 12, 2022 16 minutes ago, CitizenVectron said: The future of America is both parties attempting to keep gasoline sub $3/gallon at the expense of everything else in existence, and voters rewarding them for it. Miyazaki should make a Souls Trilogy about fighting to keep things going when it's clearly time to go home. Ooo wait we have that in Dark Souls. 1 Quote Link to comment Share on other sites More sharing options...
stepee Posted April 12, 2022 Share Posted April 12, 2022 If GOP takes over house/senate this November, I hope someone thinks of giving more money to rich people, I think that would probably fix all of this and everything. Quote Link to comment Share on other sites More sharing options...
Nokra Posted April 12, 2022 Share Posted April 12, 2022 I'm totally fine with gas going to $6/gallon or more if it means we move away from fossil fuels, but I drive a Prius. Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 12, 2022 Share Posted April 12, 2022 6 hours ago, Commissar SFLUFAN said: The Fed is totally gonna raise rates by 100 basis points @rc0101 Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981 WWW.CNBC.COM The consumer price index for March was expected to increase 8.4% from a year ago, according to Dow Jones estimates. The fed will overreact for sure. 1.50% fed funds rate by June is what we are operating under with a 50 basis point increase after their May meeting. 1 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 13, 2022 Share Posted April 13, 2022 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 13, 2022 Share Posted April 13, 2022 10 hours ago, rc0101 said: That right there is a "flight to safety". Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 21, 2022 Share Posted April 21, 2022 Powell says taming inflation 'absolutely essential,' and a 50 basis point hike possible for May WWW.CNBC.COM Federal Reserve Chairman Jerome Powell on Thursday affirmed the central bank's determination to bring inflation down. For Heaven's sake, stop talking about it and just do it already! Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 21, 2022 Share Posted April 21, 2022 1 hour ago, Commissar SFLUFAN said: Powell says taming inflation 'absolutely essential,' and a 50 basis point hike possible for May WWW.CNBC.COM Federal Reserve Chairman Jerome Powell on Thursday affirmed the central bank's determination to bring inflation down. For Heaven's sake, stop talking about it and just do it already! They took April off so they might go really crazy in May. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 21, 2022 Share Posted April 21, 2022 6 minutes ago, rc0101 said: They took April off so they might go really crazy in May. I was just speaking with my mom's Morgan Stanley investment advisor and we agreed that 75 basis points in May definitely isn't off the table, and there is an ever-so-remote chance of 100 basis points if the Fed was REALLY feeling wild n' crazy! Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted April 21, 2022 Share Posted April 21, 2022 I'm not a money/finance person... What are basis points? Quote Link to comment Share on other sites More sharing options...
Jason Posted April 21, 2022 Share Posted April 21, 2022 Just now, GeneticBlueprint said: I'm not a money/finance person... What are basis points? 25 basis points = 0.25% Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted April 21, 2022 Share Posted April 21, 2022 Why not just say 0.25%? 1 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 21, 2022 Share Posted April 21, 2022 3 minutes ago, Commissar SFLUFAN said: I was just speaking with my mom's Morgan Stanley investment advisor and we agreed that 75 basis points in May definitely isn't off the table, and there is an ever-so-remote chance of 100 basis points if the Fed was REALLY feeling wild n' crazy! 100 would cause the ultimate meltdown…so I believe it’s possible that Fed does this. My guess is 50 basis points May 3-4th and 50 June 14-15 meetings. Although 75 in either May or June would get them to a nice 1.50 in June 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted April 21, 2022 Share Posted April 21, 2022 1 minute ago, GeneticBlueprint said: Why not just say 0.25%? I think the point is that "it went up 0.25%" can be ambiguous. For example if interest rates are 2% and you say "it went up 0.25%" that could be taken as either 2%+0.25%=2.25% or 2%*1.0025=2.005%. So if you talk about it in basis points it can only mean the former. 1 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 21, 2022 Share Posted April 21, 2022 Unless the goddamn congress would do something about affordable housing you can kiss a generation of homebuyers goodbye. 1 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 21, 2022 Share Posted April 21, 2022 2 minutes ago, Jason said: I think the point is that "it went up 0.25%" can be ambiguous. For example if interest rates are 2% and you say "it went up 0.25%" that could be taken as either 2%+0.25%=2.25% or 2%*1.0025=2.005%. So if you talk about it in basis points it can only mean the former. Exactly this. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 21, 2022 Share Posted April 21, 2022 9 minutes ago, rc0101 said: 100 would cause the ultimate meltdown…so I believe it’s possible that Fed does this. My guess is 50 basis points May 3-4th and 50 June 14-15 meetings. Although 75 in either May or June would get them to a nice 1.50 in June If the Fed went the full 100 basis points, the yield curve inversion would be SOMETHING to behold! 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2022 Share Posted April 21, 2022 I feel confident in one thing: the Fed is going to cock this up Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted April 21, 2022 Share Posted April 21, 2022 Going to be a lot of people with variable mortgages going under. Quote Link to comment Share on other sites More sharing options...
Jason Posted April 21, 2022 Share Posted April 21, 2022 18 minutes ago, b_m_b_m_b_m said: Unless the goddamn congress would do something about affordable housing you can kiss a generation of homebuyers goodbye. nationalized japanse-style zoning Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 21, 2022 Share Posted April 21, 2022 5 minutes ago, CitizenVectron said: Going to be a lot of people with variable mortgages going under. They haven't been very popular the past decade but will start to become more popular as rates rise. Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted April 21, 2022 Share Posted April 21, 2022 25 minutes ago, b_m_b_m_b_m said: Unless the goddamn congress would do something about affordable housing you can kiss a generation of homebuyers goodbye. Housing as a service. In 2030, my neighborhood is owned by Amazon Homed and, conveniently, my rent includes free Prime. Quote Link to comment Share on other sites More sharing options...
Guest Posted April 21, 2022 Share Posted April 21, 2022 11 minutes ago, Ghost_MH said: Housing as a service. In 2030, my neighborhood is owned by Amazon Homed and, conveniently, my rent includes free Prime. Some “crypto native” tech bro is definitely going to rebrand renting as “HaaS”, aren’t they? Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted April 21, 2022 Share Posted April 21, 2022 8 minutes ago, sblfilms said: Some “crypto native” tech bro is definitely going to rebrand renting as “HaaS”, aren’t they? Tech bros have been throwing around term for nearly a decade now; long before even Zillow was going around buying everything they could. Most people "rent" their phones, everyone rents the software on their computers, video and game and music ownership is on the decline. HaaS is an obvious next step. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 21, 2022 Share Posted April 21, 2022 There’s got to be an avocado toast joke about millennials and housing if it’s going to be called HaaS Quote Link to comment Share on other sites More sharing options...
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