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

Will we get an update on this? Live by the sword, die by the sword.


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By the way just confirmed that several carriers have increased freight rates up in July. In one segment I am dealing with..almost 30% in one month. July is when the orders and shipments start flowing in so dont expect to see any major price breaks on imported items (which is everything we have here) just yet....
 
Powell went from money machine go brrrrrr to that’s a nice economy you have there, it would be a shame if something happened to it…

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UsualName said:
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.
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Now the brainiacs with the big money are seeing the light… recession is probably here and deflation is over the hill.

https://www.cnbc.com/2022/06/28/ark-invests-cathie-wood-says-the-us-is-already-in-a-recession.html
 
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