Oof we probably in for a rough earning season and second half.
Well CPI-U came in at 9.1%.
based on 1990s calculations that closer to 12.5% and
based on 1980s calculations that's closer to 17-18%
Just OOF. Guarantees FED won't go data dependent and then about face in their next meetings but honestly who thought they would...oh right everyone but bond traders.
Add to that the earning reports for Netflix, IBM, Twitter, Tesla, Google which have been hammered by the first half of the year already. It is not gonna be a fun few weeks.
So basically the FED probably hikes 0.75 or 1.00 and might actually break something this time France is forced to go non negative on rates leaving BOJ as the last sink hole of free money. I am still waiting on the data dependent turn around later this year to begin a new DCA and it just got delayed a few months while the employment numbers definitely don't get revised down from 370k at all.
Then once something breaks someones gonna have a nice little grabbed by the ear talk with JPOW before the November kerfuffle. But anyone remember how inflation and deflation in hyperinflationary scenarios comes in waves? This looks like wave #1.
Depending on reaction and overreaction of the FED, ECB, & BOJ in the next few years from just the fallout of the economic kerfuffle worldwide as it stands right now, is emense to say the least. Not to mention the effects come harvest when we actually figure out how deep the rabbit hole goes and knock on effects of fertilizer production for 2023.
All of which unsancrimoniously glazes over the Ukraine situation in a way that is dehumanizing to put it mildly. Sometimes I just hate people trying to make a buck. But welcome to the world someone built, wasn't me.
Hope that covers it for anyone living under a rock. Next two weeks = Baaaaaaaaad.
All the best stay sane we gonna need a few who aren't loony when the dust settles.
based on 1990s calculations that closer to 12.5% and
based on 1980s calculations that's closer to 17-18%
Just OOF. Guarantees FED won't go data dependent and then about face in their next meetings but honestly who thought they would...oh right everyone but bond traders.
Add to that the earning reports for Netflix, IBM, Twitter, Tesla, Google which have been hammered by the first half of the year already. It is not gonna be a fun few weeks.
So basically the FED probably hikes 0.75 or 1.00 and might actually break something this time France is forced to go non negative on rates leaving BOJ as the last sink hole of free money. I am still waiting on the data dependent turn around later this year to begin a new DCA and it just got delayed a few months while the employment numbers definitely don't get revised down from 370k at all.
Then once something breaks someones gonna have a nice little grabbed by the ear talk with JPOW before the November kerfuffle. But anyone remember how inflation and deflation in hyperinflationary scenarios comes in waves? This looks like wave #1.
Depending on reaction and overreaction of the FED, ECB, & BOJ in the next few years from just the fallout of the economic kerfuffle worldwide as it stands right now, is emense to say the least. Not to mention the effects come harvest when we actually figure out how deep the rabbit hole goes and knock on effects of fertilizer production for 2023.
All of which unsancrimoniously glazes over the Ukraine situation in a way that is dehumanizing to put it mildly. Sometimes I just hate people trying to make a buck. But welcome to the world someone built, wasn't me.
Hope that covers it for anyone living under a rock. Next two weeks = Baaaaaaaaad.
All the best stay sane we gonna need a few who aren't loony when the dust settles.
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