Inflation

[wayneL]

....stockpiling baked beans and two minute noodles...

...and booze

 

[divs4ever]

....stockpiling baked beans and two minute noodles...

...and booze

not exactly your strategy but we could probably swap stuff for mutual benefit

 

[over9k]

PPI up 0.5% month on month vs 0.3% estimated, 2.2% year on year vs 1.6% estimated.

Markets have barely moved so this was obviously already priced in.

 

[over9k]

U.S cpi comes in 0.4 month on month vs 0.3, everything responds exactly as you'd expect, nothing else to report.

 

[over9k]

Meaning that the price at the pump will go up even though the oil price hasn't.

 

[over9k]

Any replacement for Saudi oil won't happen quickly.

Depends how you define quickly obviously but the oil majors have been positioning for shale for the better part of a decade now. This just happened a couple of days ago:



"ExxonMobil will buy out Pioneer Natural Resources and assume the position as the largest Permian Basin crude oil producer, but there are more deal opportunities out there as the Permian consolidates, analysts said in the wake of the Oct. 11 deal news.

Candidates for the next megadeal include Chevron or ConocoPhillips buying Diamondback Energy or Coterra Energy or snapping up several small-to-midsize Permian producers, analysts said".

The permian basin is the equivalent of two saudi arabia's so it's not exactly going to run out next week either.

 

[wayneL]

View attachment 164152

Meaning that the price at the pump will go up even though the oil price hasn't.

For those watching on, keep an eye on ULP and heating oil futures for movements in the wholesale price of the refined products (heating oil being a close proxy for diesel)

 

[over9k]

30 year at 4.99. Come on boys, we can do it!

 

[wayneL]

30 year at 4.99. Come on boys, we can do it!

 

[over9k]

We got there!

And see how the short end has stayed the same but the long end has bounced?

Deinversion coming up next.

 

[Dona Ferentes]

higher for longer ... 2054 is a long way away
.
The federal government has sold $8 billion of 31-year bonds in a heavily oversubscribed deal capitalising on Australia’s top credit rating and improved fiscal position.

The Australian bond offer, now the longest-dated issue in circulation, pays a yield of 4.93 per cent or 38.5 basis points more than the 10-year bond.

The Australian Office of Financial Management, the government’s financing arm, received more than $28 billion of bids, meaning it scaled back about $20 billion

 

[over9k]

 

[sptrawler]

It wont be long before workers will be renting cars with a porta potti to live in IMO.

 

[divs4ever]

New Data Says Inflation Is Stuck! ft. Peter St Onge

https://odysee.com/@WallStreetSilver:e/new-data-says-inflation-is-stuck!-ft.:c

 

[over9k]

It wont be long before workers will be renting cars with a porta potti to live in IMO.

I could very easily live in a motorhome. It'd have to be one of those good ones with a toilet & shower, but I could do it.

 

[frugal.rock]

It wont be long before workers will be renting cars with a porta potti to live in IMO.

Mate, most cars have at least two already built in, they just call em' "windows".

The meme says;

EFFLUENT
coming soon,
to a gutter near you,
AFFLUENT​

 

[sptrawler]

I could very easily live in a motorhome. It'd have to be one of those good ones with a toilet & shower, but I could do it.

The problem is caravan parks are charging $60 _ $80/ night to park up and councils are not allowing people to free camp.
So it really isn't as easy as it sounds, as the issue of effluent and potable water becomes another issue.

 

[Smurf1976]

caravan parks are charging $60 _ $80/ night to park

Go back just one generation and that was the nightly fee for a reasonable hotel room or it was the weekly rent on a cheap 1 bedroom flat.

 

[over9k]

Nahhhh...

You think?

 

[divs4ever]

View attachment 164500

Nahhhh...

You think?

if it does normalize is that a good thing ?