- Joined
- 20 July 2021
- Posts
- 11,671
- Reactions
- 16,260
a valid point but would argue wage increases lag even the CPI rises , therefore wage costs feed into further PPI rises risking creating a spiral
a valid point but would argue wage increases lag even the CPI rises , therefore wage costs feed into further PPI rises risking creating a spiralCPI is a massively lagging economic indicator.
One could go so far as to say that it is the last economic indicator to move. Maybe a tie between CPI and employment on how much they lag.
So, no, that's not how it works at all.
Is that a bullish algorithm? I'm confused.UK inflation at 10.7%, beats expectations of 10.9% lol
Not the other stuff that the fed acts on though, is it?
I
Is that a bullish algorithm? I'm confused.
Still can't convince myself to buy any, probably another missed opportunity.Algorithm says: this is good for bitcoin
I'll give you inept, but irrelevant?If the last few years didn't manage to convince you the Fed is inept and irrelevant, nothing ever will.
That's nuts.If anyone needs any confirmation that we're seeing a broad re-run of the 1970's then this from the BBC ought to do it:
View attachment 150434
Yep, the UK now has enough ongoing and recurrent strike action to warrant an actual calendar to remind people who's striking on any particular day. Just like the 1970's.
Only a matter of time until we see this in other countries I expect, indeed I've noticed a bit more militancy in Australia in some sectors so it's coming.
Guidance is hawkish.Ok so .5% or 50 points increase by the Feds as expected ..yet market not happy.? .rates are still well behind inflation...
True although that's only another 0.75% from the present isn't it? It's still saying that the rises are mostly done now.Fed now expecting a terminal rate of more than 5%.
True although that's only another 0.75% from the present isn't it? It's still saying that the rises are mostly done now.
Whether that turns out to be true is, of course, another matter....
LOL I think it's more than just retail moving the market.Retail trading idiots jumped the gun, nothing more. I've made post after post after post saying we aren't out of the woods yet/how it's only been a day or whatever before markets have turned again even if we have gotten some decent data for a change but NOPE.
Here's why I would still be nervous if I was him:JPowell doesn't think they're restrictive enough. Refers journos to dot plot for peak rate, although also admits plots have been revised throughout the year.
They still believe inflation will head upwards. Is this the China reopening effect?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?