These statements about transitory inflation are bs, it is INFLATION!

[Tsing Tao]

Hey, El Ocho - do you know why inflation is high?

https://twitter.com/x/status/1547221883321552900

 

[El OchoCinco]

Hey, El Ocho - do you know why inflation is high?

https://twitter.com/x/status/1547221883321552900

exactly

 

[wildchild]

Lol.

Yeah, real funny pal.

 

[gwb-trading]

Well we finally have established the root cause of inflation...

Millennials are to blame for sky-high inflation, strategist says
https://www.cnbc.com/2022/07/15/millennials-are-to-blame-for-sky-high-inflation-strategist-says.html

 

[El OchoCinco]

US imports from Asia highest ever for month of June
US imports from Asia hit a record for the month of June as consumers seemingly shrugged off rising inflation and maintained recent spending habits.


I dont see things improving if consumers keep spending like money is....free...

 

[UsualName]

US imports from Asia highest ever for month of June
US imports from Asia hit a record for the month of June as consumers seemingly shrugged off rising inflation and maintained recent spending habits.


I dont see things improving if consumers keep spending like money is....free...

On a side note, domestic spending in China came in weak last quarter at 4% and exports popping at 18% qoq. China’s consumption is waning under the weight of its real estate market.

 

[elderado]

 

[UsualName]

The dollar will strengthen for two reasons. 1. As Covid wanes countries will want higher dollar reserves and 2. The Fed will raise rates. - you time that as best as you can. Employment looks strong, unemployment claims sinking to lowest levels since 1969. Depending on gdp - I’d say Q2 rates actually start going up.

Why is deflation coming - 1. What goes up will come down. See oil. But as I have preached technology, technology, technology is deflationary. Artificial intelligence, automation and now even robotics makes everything cheaper. We are in a technology age.

I used to swing trade google. I have a small account right now with a few things I am holding but for the most part I’m a 60/40 guy. If you know what that is then you know.

Strongest dollar in a generation:

 

[El OchoCinco]

Strongest dollar in a generation:

View attachment 289477

I would love to buy a shitload of yen with dollars and just stash it for a couple years. 138 yen to the dollar......huge returns when it drops back below 110 range after this mess. Have not see it this weak in years.

 

[wildchild]

I would love to buy a shitload of yen with dollars and just stash it for a couple years. 138 yen to the dollar......huge returns when it drops back below 110 range after this mess. Have not see it this weak in years.

If thats the way you feel, then do it.