Has inflation bottomed?

zdreg said:
It is just an opinion and a prevalent opinion. Prevalent opinion is not exactly a source of wisdom.
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Are you kidding? 500 BPS in a day, which no central bank have ever done, would break the world. The credit markets, the bond markets. The USD. It would all go to total shit. People's borrowing rates would jump so high so quickly they could not meet the obligation, and now we get defaults on VAPR loans. Housing would become utterly unaffordable for most people. Forget about the companies doing business overseas...

It would be ecomageddon.
 
Overnight said:
Are you kidding? 500 BPS in a day, which no central bank have ever done, would break the world. The credit markets, the bond markets. The USD. It would all go to total shit. People's borrowing rates would jump so high so quickly they could not meet the obligation, and now we get defaults on VAPR loans. Housing would become utterly unaffordable for most people. Forget about the companies doing business overseas...

It would be ecomageddon.
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:thumbsup:.Would also have accepted econogeddon.
 
Six months is not even close. When you go to shopping and shelves not stocked full, companies not producing as they expect when demand reduces, that be the top.

Newspapers, TV and internet reporting more and more bad news, then American public will reduce buying.

Biden certainly going to help by increasing taxes so American public won't be able to buy any thing cept food which is high.
 
Overnight said:
Are you kidding? 500 BPS in a day, which no central bank have ever done, would break the world. The credit markets, the bond markets. The USD. It would all go to total shit. People's borrowing rates would jump so high so quickly they could not meet the obligation, and now we get defaults on VAPR loans. Housing would become utterly unaffordable for most people. Forget about the companies doing business overseas...

It would be ecomageddon.
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It is time to bite the bullet instead of kicking the can down the road.
Economic distortions become more difficult to cure with time.
 
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If you don't get any a signal for the early Asian/EU session, do you check again later for the afternoon Asian/EU session ?
 
Now this is something
On September 15, 2022, Banco Central de la República Argentina (BCRA) raised its benchmark interest rate (Liliq) by 5.5 percentage points to 75%
 
tony.m said:
Now this is something
On September 15, 2022, Banco Central de la República Argentina (BCRA) raised its benchmark interest rate (Liliq) by 5.5 percentage points to 75%
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Nevermind, I am wrong. Since you have pointed out that Russia and Argentenia have both done >500 BPS rate hikes in one sitting in the past, that if the US central Bank did the same thing, the world would not break. You have me convinced. So why not fuk it, and have Powell go 1000 BPS next month? Nope. Nothing will happen to the world economy.

While we are at it, just make it 1500. Jack our interbank rate to 20% overnight and watch no consequences at all. Want to make it 30% in a day? At what point do YOU think the world economy will break? Hike it to 100%, where there is no principal, and JUST interest. Any give there?

Come on, man!
 
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