GBA Presents: House of Gummy-!

TrailerParkTed said:
Van or Stoney did you two ever trade commodities?
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Like coffee! I buy so much coffee I am on one side of the trade. i use Zero Profit a small roaster up here in Ct who does it out of his home.

No I have never traded any commodities way back in the day you used to hear folks saying things like go long cotton... don't hear that anymore. the common man is out.
 
“It’s not over yet. While headline CPI in the US continues to fall from recent highs, the genie is out of the bottle, and underlying structural drivers threaten to re-elevate inflation after the current bout of disinflation peters out.”

— Simon White, macro strategist
 
My Call & I am the ONLY one on the street... is that Core CPI actually rose above 5%.
5.2%<-- That will freak everybody out. Even 5% is a problem, 4.8 would be much better received... but keep in mind that the Fed feels everything they have done so far is in the system and we are still at a very high core number!

A government report Wednesday is forecast to show the consumer price index climbed 3.1% from a year ago, the smallest advance since March 2021, largely due to lower prices at the gasoline pump. Such a result would leave the headline CPI measure down almost 2 percentage points in just two months.

However, once volatile energy and food costs are stripped out, core CPI is seen rising 5% from a year ago. While that would be the smallest annual increase since late 2021, it’s still more than double the Fed’s goal, based on a different inflation metric.

The June inflation readout follows a number of recent reports that underscore a resilient economy, despite 5 percentage points worth of interest-rate hikes over the past year. Friday’s jobs report showed a healthy, albeit smaller-than-expected, increase in payrolls as well as firmer wage growth.
 
The danger here is that core number. If we can get that down this period we can extend the rally right now! Initially in my work from last Oct I felt 4% would be the sticking number and we would tick back up from there-- now seeing what everything costs everywhere, these damn price raises that don't seem to come back down, everything costs more-- we have inflation.

I worry about right here right now. 5%

I understand the Fed's stance and it's tough to argue hat they always must be seen as fighting inflation full on or the market will get away from them but somehow in a subtle way this Fed should have admitted by now that 3%-4% is doable in our economy and perhaps 4% is the new 2% something i said last Oct.
 
Was it WATT?

I don't know if I will be able to re find the name but at some point I had discovered a stock that shot electricity through the air--- They had done a lab study and achieved some response. wireless electricity!!!

The concept seemed so out there and the co I think the best they could do was a cell phone charging set up. Not that impressive. But proof of concept.

Now look-
 
stonedinvestor said:
“It’s not over yet. While headline CPI in the US continues to fall from recent highs, the genie is out of the bottle, and underlying structural drivers threaten to re-elevate inflation after the current bout of disinflation peters out.”

— Simon White, macro strategist
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Who are the shills on CNBC working for when saying “The prices are falling fast” as they tell us inflation has halted? Eggs and chicken have backed off while other items keep climbing up.
 
I know, I know. Going out to eat is a real bummer now when the check comes. Anniversary dinner I'm still paying off $500 for 2.

And after dinner run to the store for toilet paper and paper towels and that's like $22.

Ironically inflation is good for corporate earnings. But corporate greed ensures that we get the short end of the stick. A trip to the hardware store is really depressing.
 
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