Looks like alot of people were offsides on this one. I think the consensus was that it would be lower.
Looks like alot of people were offsides on this one. I think the consensus was that it would be lower.
People expecting a .5% cut? It seems like the .75 might not have been priced in. I don't know, I am very much an amateur just keeping an eye on things.
Sale time! Buying UNH, HD, and AAPL.
I need the REALLY bearish sentiment in the stocks and investment section to signal my buy opportunity. Ya'll have been a little too rosy for the past month.
I was wrong on the inflation expectations. I thought they would have been much lower. Now I'm thinking the Fed will be more aggressive for longer. I think we revisit the lows and establish a lower trading range
Thanos was the hero
I am no expert, but I was not shocked. I do all the grocery shopping and I can see the price increase, some on a weekly basis. As a business owner, I have befriended other owners and real estate investors in different sectors of the economy. What they were telling me indicated inflation was still climbing. Also, I see it in the materials I purchase for construction projects, not only the subtle price increase but the lead times to secure said materials.
What we cannot obtain from intelligence, we can learn from experience.
Maybe it's just me but has meat prices come down?
My grocery bill is noticeably more expensive, but I think red meats and bacon prices have dropped over the last few months. Maybe it's wishful thinking
Thanos was the hero
I believe they did drop as well as chicken wing prices. Owners equivalent rent and wages will be the things that lag the most but rents are already stabilizing and in some cases falling. It will just take months for it to show up because of the way they do the surveys. That is where the fear over over tightening comes in. It looks like the PPI decreased in the reading today. It is starting to work but nobody knows how long it will take. BOA thinks a mild recession is in the cards for the first part of 2023 but who knows.
Hopefully some good buys out there. Picked up some HD and Intel, only time will tell.
Red meats and pork have been decently priced, but white meats and eggs are off the charts. Vegetables are up, canned goods are up and diet sodas are double what they were a year ago. Lots of thing go into the inflation number. Reality is that my diet is adjusting to my budget, not my health....
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
The main factor of chicken and eggs being up goes back to the start of the pandemic, where many of the chinese owned chichen maga farms were ordered to destroy all their stock, which now has created such shortage. This was compounded by avian flue, and ramping up will take a while, since it seems that many maga animal farms are owned or controlled by the chinese.
As for veggies, farmers are pricing in the cost of fuel, which during planting was very high. I strongly believe that in time many of these things will resolve themselves, as it did with the overwhelming inventories stores like Target, Walmart, and others are dealing with.
Why do we allow the Chinese to own farms in the US. We allowed them to take our manufacturing, pharmaceuticals, jobs and now our land. This needs to be turned around.
Thanos was the hero
I understand that many things are part of the global market, however, I do hope that you consider food part of national security same as fuel, water, and all other immanent necessities which would affect our population greatly if controlled by hostile regimes. Just my 2Cs
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
The Chinese have been selling alot of their foreign holdings especially in places like Vancouver. I'm not sure that will extend to farmland here but we could very well see a repeat of what Japan did in the 1990's with their foreign real estate holdings depending on how bad things get in China. The caveat is that if this farmland is owned by a company controlled by the Chinese govt. then they may keep it for strategic reasons.