U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years

[Anonymous]

Anonymous wrote:PPI today shows that companies are passing big extra costs down the pipeline they ultimately end up to consumers. Today's numbers portend ugly March CPI numbers. Companies that don't have pricing power are having their margins squeezed big time by this inflation. It could mean layoffs. Powell and the fed are almost criminals at this point letting inflation get this out of control. It is absolutely INSANE they are still quantitative easing and [b]buying things like MBS. The QE machine should have been turned off a year ago, and the Fed's massive bloated balance sheet that's creating so much social l chaos and asset price distortion should be rapidly deflated. This is getting out of control.

Now I’m getting nervous. When you wrote MBS, I thought of 2008 for some reason.

[Anonymous]

Anonymous wrote:

Anonymous wrote:PPI today shows that companies are passing big extra costs down the pipeline they ultimately end up to consumers. Today's numbers portend ugly March CPI numbers. Companies that don't have pricing power are having their margins squeezed big time by this inflation. It could mean layoffs. Powell and the fed are almost criminals at this point letting inflation get this out of control. It is absolutely INSANE they are still quantitative easing and [b]buying things like MBS. The QE machine should have been turned off a year ago, and the Fed's massive bloated balance sheet that's creating so much social l chaos and asset price distortion should be rapidly deflated. This is getting out of control.

Now I’m getting nervous. When you wrote MBS, I thought of 2008 for some reason.

Yes, the Fed is literally STILL buying crap like mortgage backed securities. It is absolutely mind warpingly stupid given the insane level of price increases in the housing markets that are now showing up in rents. The Fed is causing tons of social chaos and human misery by making housing so unaffordable. Yet they still keep buying even with this level of inflation. Utterly absurd. They are destroying the middle class, destroying everyone's life savings, and throwing gasoline on the fire of wealth inequality in this country. WHAT THE HELL IS THE FEDERAL RESERVE DOING!!! They should fly in with emergency rate hikes just for starters. In fact, emergency rate hikes should have been done yesterday....yet they continue to drag their feet and keep pumping QE.

[Anonymous]

Anonymous wrote:

Anonymous wrote:PPI today shows that companies are passing big extra costs down the pipeline they ultimately end up to consumers. Today's numbers portend ugly March CPI numbers. Companies that don't have pricing power are having their margins squeezed big time by this inflation. It could mean layoffs. Powell and the fed are almost criminals at this point letting inflation get this out of control. It is absolutely INSANE they are still quantitative easing and buying things like MBS. The QE machine should have been turned off a year ago, and the Fed's massive bloated balance sheet that's creating so much social l chaos and asset price distortion should be rapidly deflated. This is getting out of control.

So why isn’t the fed raising rates? Are they just hoping for some magic cure at this point? Are raising rates the only thing that will curb inflation? Is it politics or corporate interests that are keeping the pressure on the fed to maintain the status quo?

The longer they wait, the more they will likely raise it, and that will probably cause an overcorrection. The Fed is not behaving responsibly.

[Anonymous]

Calm down, they already telegraphed rates rising in March. MBS purchases are already tapering - they are not going to suddenly stop and tank the housing market.

All is well, remain calm.

[Anonymous]

Anonymous wrote:Calm down, they already telegraphed rates rising in March. MBS purchases are already tapering - they are not going to suddenly stop and tank the housing market.

All is well, remain calm.

The Fed has been telegraphing a puny 0.25-0.5 rate hike. They are going to say they did something while inflation will keep persisting for months. The problem is that the Fed clowns and the politicians don't want to face the reality that we need much more aggressive rate hikes and contractionary monetary policy to get inflation under control that will come at the cost of a recession. No one wants to be in charge who can be blamed for a recession, but that's what we really need. So the wheels keep spinning and spinning while they let inflation start running away.

And why does the housing market need any fake crutches from the Fed? Here I thought all along housing has been driven by simple supply and demand economics because so many people are demanding housing while there simply isn't enough supply. The Fed doesn't need to intervene in the damn market at all. There will be no crash if the Fed leaves. Even if there were a crash, it'd be good for much of the country that already finds housing costs completely out of control.

Economist are the biggest idiots on the planet. They make so much money to be wrong all of the time and peddle voodoo crap when all it takes is some average joe on the street with common sense to figure out that inflation is out of control and not transient at all.

[Anonymous]

Jobless claims this week higher than expected... 248k. The bad news continues for this administration.

[Anonymous]

Anonymous wrote:Jobless claims this week higher than expected... 248k. The bad news continues for this administration.

And when that gets revised in a few weeks to show that more people have jobs, you’ll continue to be silent on the strength of this Democratic recovery.

It’s not like Republicans actually care about inflation any more than they care about “illegal immigration”. They’re happy to have them as political cudgels against Democrats, but they don’t actually care about the issues. In fact, they profit from both issues (doubly profit, when you consider that they get to fundraise off it as well as make money from hiring undocumented workers and raising prices due to “inflation”).

[Anonymous]

The jobs numbers give the Federal Reserve ZERO excuses. They should come in with an immediate 50 point hike.


Yesterday, the Fed notes showed that they are STILL planning on buying treasuries and MBS. It makes absolutely zero sense. They should be selling assets and should have stopped buying MBS a year ago. Idiots destroying the middle class.

[Anonymous]

Ivy- and SLAC-educated idiots

[Anonymous]

Inflation is cancellation of debt.

Good for working Americans.

[Anonymous]

Anonymous wrote:Inflation is cancellation of debt.

Good for working Americans.

Lol. This is the platform democrats are gonna run on. Trying to convince Americans that $300 grocery bills and the complete destruction of their life's savings is 'good'.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Jobless claims this week higher than expected... 248k. The bad news continues for this administration.

And when that gets revised in a few weeks to show that more people have jobs, you’ll continue to be silent on the strength of this Democratic recovery.

It’s not like Republicans actually care about inflation any more than they care about “illegal immigration”. They’re happy to have them as political cudgels against Democrats, but they don’t actually care about the issues. In fact, they profit from both issues (doubly profit, when you consider that they get to fundraise off it as well as make money from hiring undocumented workers and raising prices due to “inflation”).

The Republicans are AWOL hmm? And just what legislation is the White House proposing to combat inflation that has 3x under their watch? And please don't say build back better - its a bad joke by now.

[Anonymous]

President Biden has repeatedly blamed tangled supply chains for the surging inflation that has seeped into every part of the U.S. economy – but a former Obama administration official on Thursday dismissed that as a "totally dishonest" argument.

In an op-ed for The New York Times, Steven Rattner – who served as counselor to the Treasury secretary under then-President Barack Obama – accused Biden of mischaracterizing the once-in-a-generation inflation spurt that Americans are experiencing.

"Supply issues are by no means the root cause of our inflation. Blaming inflation on supply lines is like complaining about your sweater keeping you too warm after you’ve added several logs to the fireplace," Rattner wrote. "The bulk of our supply problems are the product of an overstimulated economy, not the cause of it."

[Anonymous]

Nasdaq and Russell 2000 both have negative returns over the last 12 months. Inflation is high. Biden wants to ease gas tax and regulate pipelines out of business. Dems have no plan and no clue. Vote them out this cycle please. You may have to hold your nose while doing it … but these fools will destroy our economy if we allow it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Jobless claims this week higher than expected... 248k. The bad news continues for this administration.

And when that gets revised in a few weeks to show that more people have jobs, you’ll continue to be silent on the strength of this Democratic recovery.

It’s not like Republicans actually care about inflation any more than they care about “illegal immigration”. They’re happy to have them as political cudgels against Democrats, but they don’t actually care about the issues. In fact, they profit from both issues (doubly profit, when you consider that they get to fundraise off it as well as make money from hiring undocumented workers and raising prices due to “inflation”).

The Republicans are AWOL hmm? And just what legislation is the White House proposing to combat inflation that has 3x under their watch? And please don't say build back better - its a bad joke by now.

Well, what HAVE you Republicans proposed?