Inflation

over9k said:

If you take a look, you'll see that the "core" inflation number is much worse than the rest.

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Smurf1976 said:

One I can put some figures on is the electricity distribution industry.

That's the "poles and wires" side of it, not actually generating any electricity at all just distributing it.

SA Power Networks revenue for 2023-24 all inclusive should be $854.425 million, up from $802.728 million in 2022-23. That's an estimate obviously but it's the "official" one not mine personally.

So that's 6.44% inflation of something that's inherently rather stable as a business where the main costs are labour and materials (noting that there's no actual electricity in this budget apart from that used internally in offices etc).

That's a fairly "core" measure in my view, it being the increase in costs for a business that by its very nature is mature, stable and mostly doing the same thing from one year to the next.

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over9k said:

If you take a look, you'll see that the "core" inflation number is much worse than the rest. It's only the dump(s) in things like tech that's offsetting the increases in, say, energy

Without those offsets, things would look much worse.

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over9k said:

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Nope.

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Dona Ferentes said:

Persistent is a word we'll likely hear more of

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Dona Ferentes said:

Or erupting?

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waterbottle said:

PPI and CPI down.

Methinks this must be temporary given crude hit high 60s a few weeks back and is now above 80.

What's the Fed to do if the next print comes in as an increase thanks to crude?

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waterbottle said:

PPI and CPI down.

Methinks this must be temporary given crude hit high 60s a few weeks back and is now above 80.

What's the Fed to do if the next print comes in as an increase thanks to crude?

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frugal.rock said:

The devil and Citigroup both beating earning estimates.
Pulling the US banking sector out of the mire.
JP Morgan SP up around 7% currently, Citigroup around 3.9%
Other banks at various levels up, Bank of America up 3.9% also.

Is this the breath of life needed to keep this rally running?

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over9k said:

Banks the only sector in the green. Even energy is flat for the day.

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over9k said:

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One of the very few things (along with tech) that's deflating. Both are deflating because of demand collapse and it isn't going to improve.

Twiggy started rotating out of iron ore 5ish years ago for a reason.

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