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Philly Fed Chief Warns That Inflation Is Too High: Rate Hikes Needed
- Thread starter ByLoSellHi
- Start date
It's coming.
Food component of CPI was high, and medical was off the charts.
Food component of CPI was high, and medical was off the charts.
uhmmm...
Unless I'm reading the core CPI wrong, food is up 8.4% on an annual basis.
That's pretty dramatic.
Unless I'm reading the core CPI wrong, food is up 8.4% on an annual basis.
That's pretty dramatic.
Grandma knew it long before Wallstreet I guess.
"I can't believe milk and bread keep going up!!!
....and that was a year ago.
Fed is trying to drive this economy into a soft landing.
The cracks in the pavement are starting to show. Eventually a correction will come when an event ---like the BOJ pulling liquidity out or.....
Then the opposite: good news will be bad news and the markets will sell-off on all news.
"I can't believe milk and bread keep going up!!!
....and that was a year ago.
Fed is trying to drive this economy into a soft landing.
The cracks in the pavement are starting to show. Eventually a correction will come when an event ---like the BOJ pulling liquidity out or.....
Then the opposite: good news will be bad news and the markets will sell-off on all news.
Ye olde Weimar fans are coming out of the woodwork on a nonevent.
Food up 0.7% after crop damage in California. It was the largest rise in 2 years when if I recall correctly there was a bad weather then too.
Only thing of notice was medicare with physician services rising 1.2%, the most in 26 years.
But whoopee, a nonevent. A more interesting increase in prices last month were homes in LA, up 6%. Wow.
Food up 0.7% after crop damage in California. It was the largest rise in 2 years when if I recall correctly there was a bad weather then too.
Only thing of notice was medicare with physician services rising 1.2%, the most in 26 years.
But whoopee, a nonevent. A more interesting increase in prices last month were homes in LA, up 6%. Wow.
Quote from Covertibility:
Ye olde Weimar fans are coming out of the woodwork on a nonevent.
Early commentators frequently diagnosed a syphilitic infection as the cause of the breakdown; however, some of Nietzsche's symptoms seem inconsistent with typical cases of syphilis. Some have diagnosed a form of brain cancer, possibly inherited from his father. While most commentators regard Nietzsche's breakdown as unrelated to his philosophy, some, including Georges Bataille and René Girard, argue for considering his breakdown as a symptom of a psychological maladjustment brought on by his philosophy.
Perhaps like this famous Weimar resident this market to shall fall...
Sometimes a cigar is just a cigar.
Quote from duard:[/i
Fed is trying to drive this economy into a soft landing.
. [/B]
I keep hearing this and all i keep thinking is ' a soft landing from what"?? I mean, we had a decent run, but this is not an ultra strong economy in my opinion...a lot of spending comes from jabones who took out home equity while the getting was good...unless im missing something, this is a soft landing from an economy that never really got that high off the ground since 2001.....
Quote from TM_Direct:
I keep hearing this and all i keep thinking is ' a soft landing from what"?? I mean, we had a decent run, but this is not an ultra strong economy in my opinion...a lot of spending comes from jabones who took out home equity while the getting was good...unless im missing something, this is a soft landing from an economy that never really got that high off the ground since 2001.....
why are you hating??
This economy is the "Greatest Story Never Told"