Dow Hits All Time High at 38,000
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Excellent Shit-Take from @HHusky's Barebacker.HuskyBuck said:Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.
Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol.
If you knew a single fucking thing about the people on these boreds, you'd know plenty of us are doing fine in the markets, but have the chutzpah and Nebraska Classiness to keep it to ourselves.
Sorry you can't imagine people multi-tasking. It's quite a deficit in your character. -
The US commercial real estate is a hot mess with hundreds of billions of dollars of underwater commercial real estate mortgages coming due in the next couple of years. Lots of banks are going to get wacked on mortgage defaults which will be bailed out by the fed with more dollar printing and rate cuts. Then toss in paying for US debt payments on $34 trillion of debt with what?UW_Doog_Bot said:
Housing sector is all over the place as well. You have tight inventory in places that were established(and have 2% rates locked in) where new builds aren't happening. Then you have builders losing their shirts in Texas, Nashville, Florida, Boise, and anywhere else that built out.Bob_C said:
There is deflation going on in the retail sector for sure. Big discounts are happening because the sector has far too much inventory on hand relative to consumer demand. It's hard to see clearly in the retail sales data that gets published, but that is what is happening. Companies have too much inventory on hand due to huge buys/commitments that were made in 2022 (at gunpoint) as many Chinese manufacturers tripled minimum order quantities while also raising prices significantly. Then throw in the cost of capital increasing and this stuff has to move at discount quickly in order to run a business.UW_Doog_Bot said:
Again, why did the fed raise interest rates?HuskyBuck said:
These guys were even talking about deflation in this thread at one point being a good thing, namely the 3 duck idiots unsurprisingly. That’s when you shake your head and realize what you’re dealing with.HHusky said:
Another TugCon labels 3% "hyperinflation".Kaepsknee said:
Short lived? We’re going on 39 months now Mildred.HHusky said:
“extreme highs”Bendintheriver said:
"Inflation may finally be easing"?HHusky said:
Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?
Next time try linking relevant articles.
You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
I was talking about the very short-lived run-up in 2022. If you're 11 you might see 3% (and falling) as really shocking.
We have deflation in sectors of the economy, that's what's keeping total inflation numbers low. The fed is attempting a "soft landing" where they nail the balance between deflation/inflation.
Jfc you don't even know your own talking points dumb dumb.
Then there's the slow rolling collapse of the commercial real estate behemoth. It will be interesting to see how the banks and fed scheme to shore that up. Hard to roll over debt at 7%.
Interesting interplay between foreign investment capital drying up and the milkshake effect of 5%+ US rates. China is fucked bigly with that capital flight and it will be interesting to see how much that matters to the rest of the world markets(and how soon).
https://pjmedia.com/vodkapundit/2024/01/24/bidenflation-ii-fiscal-boogaloo-another-sequel-nobody-asked-for-n4925789
Here we go again with Bidenflation?
Despite the Fed jacking up interest rates faster than at any time since the inflation-crushing Reagan-Volcker hikes of 1981 — and sucking liquidity out of the economy via quantitative tightening (QT) — inflation remains stubbornly above the Fed's 2% target... and it could come roaring back thanks to growing cracks in the foundation of Bidenomics.
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"It's a slow-moving train wreck," Bear Traps Report founder Larry McDonald told Fox Business on Tuesday about the country's commercial real estate markets. As Longtime Sharp VodkaPundit Readers™ already know, the combination of higher interest rates, free-range vagrant drug addicts, and work-from-home policies have eviscerated downtowns in America's bluest big cities.
Nearly vacant office buildings — the vacancy rate in downtown San Francisco is over 35% (!!!) — aren't generating enough revenue for the owners to pay their mortgages, with "close to $2 trillion of maturities in the commercial real estate space," according to McDonald, and another $2 trillion at risk in "high-yield leverage loans and investment grade bonds."
All those emptying office towers are "worth a fraction of what the original values were when these loans were made. And you're going to see massive defaults," McDonald added. The only way out, he said, is "aggressive rate cuts" from the Fed.
Already, the Fed has "capitulated on tight monetary policy," with QT "effectively over" due to a liquidity crisis in the banking sector — the same banks that might soon face a trillion or more dollars in commercial real estate defaults. As my colleague (and occasional "Five O'Clock Somewhere" guest) Ed Morrissey noted last week, "The Fed may have to let inflation run wild again to hedge against bank instability in the short run."
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Just when wages were finally starting to catch up with Biden's first round of inflation, too.
If there's any good news to be found in this mess — and you really have to squint to see it — it's that the job market seems to be drying up already. "A very careful look at the labor market now will suggest that hiring has just ground to a halt," Brevan Howard's chief economist Jason Cummins told Bloomberg's "Odd Lots" podcast earlier this week. The only reason, he said, the unemployment rate didn't jump to 4% last month is that the labor participation rate — the number of people working or actively looking for work — dropped again "by a huge amount."
If you aren't looking for work, the government doesn't count you as unemployed. That helps keep Ms. Rosy Scenario employed at the Bureau of Labor Statistics. -
It’s not possible to post on a message board and also pay attention to the stock market. It’s just not.HuskyBuck said:Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.
Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol. -
It's because Powell all but came out and said the Fed is pivoting...which markets are hugely betting on.HuskyBuck said:Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.
Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol.
You'd know some of us already called this shit after his meeting(and before) if you were a regular reader. It's going to further handcuff their options moving forward in an election year...maybe you could elaborate on that?
As @TurdBomber said, most of us are doing just fine but we actually give a shit about other Americans unlike the current regime. "Dumb poors just need to learn to invest" is the new #learntocode -
Bob, based on the responses I’ve gotten back, apparently it IS that hard for a good portion of people in here. You’ve been following, I’m sure you’ve seen what I’ve been talking about.Bob_C said:
It’s not possible to post on a message board and also pay attention to the stock market. It’s just not.HuskyBuck said:Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.
Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol. -
Yes I have. Your analysis shows a complete of an ability to understand cause and effect.HuskyBuck said:
Bob, based on the responses I’ve gotten back, apparently it IS that hard for a good portion of people in here. You’ve been following, I’m sure you’ve seen what I’ve been talking about.Bob_C said:
It’s not possible to post on a message board and also pay attention to the stock market. It’s just not.HuskyBuck said:Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.
Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol. -
Absolutely. When some Duck asshole complains that people had to cash in their 401k to attend the Sugar Bowl, their financial problems aren’t because of Biden like they were trying to portray. It’s like….youre the fuckin problem bro!Bob_C said:
Yes I have. Your analysis shows a complete of an ability to understand cause and effect.HuskyBuck said:
Bob, based on the responses I’ve gotten back, apparently it IS that hard for a good portion of people in here. You’ve been following, I’m sure you’ve seen what I’ve been talking about.Bob_C said:
It’s not possible to post on a message board and also pay attention to the stock market. It’s just not.HuskyBuck said:Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.
Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol. -
UhhhHuskyBuck said:
Absolutely. When some Duck asshole complains that people had to cash in their 401k to attend the Sugar Bowl, their financial problems aren’t because of Biden like they were trying to portray. It’s like….youre the fuckin problem bro!Bob_C said:
Yes I have. Your analysis shows a complete of an ability to understand cause and effect.HuskyBuck said:
Bob, based on the responses I’ve gotten back, apparently it IS that hard for a good portion of people in here. You’ve been following, I’m sure you’ve seen what I’ve been talking about.Bob_C said:
It’s not possible to post on a message board and also pay attention to the stock market. It’s just not.HuskyBuck said:Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.
Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol. -
Yeah we're all dumb. Made 17K on Trump stock today. Stupid me.
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Ronnie Lott approves this post.UW_Doog_Bot said:
It's because Powell all but came out and said the Fed is pivoting...which markets are hugely betting on.HuskyBuck said:Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.
Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol.
You'd know some of us already called this shit after his meeting(and before) if you were a regular reader. It's going to further handcuff their options moving forward in an election year...maybe you could elaborate on that?
As @TurdBomber said, most of us are doing just fine but we actually give a shit about other Americans unlike the current regime. "Dumb poors just need to learn to invest" is the new #learntocode
