>10y rate goes to 5%
>Nasdaq drops 3% by lunch
>Government shuts down three days later
top kek, absolutely no refunds
>CPI comes in hot AF AF AF no cap 8:30am
>10y rate goes to 5%
>Nasdaq drops 3% by lunch
>Government shuts down three days later
top kek, absolutely no refunds
Did anything get halted?
What timezone at 830?
Eastern
Mountain time. The world runs on Mountain time.
t. Montanan
qrd
I am finance illiterate
CPI is the amount of CP in the Index for the month of October
and with russia at war for the past year, the number 1 producer of CP that means...my god, it's truly over isn't it?
Consumer price index. It is a measure of inflation. Basically if it has jumped up its bad news for the economy. Means that Biden and co haven't tamed inflation yet and thus higher and longer interest rate hikes.
I have a feeling tomorrow is going to be more great news from the Biden White House. I’m seeing Biden 2024 signs popping up more and more where I live. I guess people gotta back a winner!
Don't you know that inflation is under control as long as you don't include food, energy, housing, and inflation?
Huh. What the hell do they count then? Flatscreen tvs?
They count whatever has stayed the same or has inflated in value the least to fit their narrative.
>beef price is high
people will just buy chicken, remove beef from index
>chicken price is high
people will just buy pork, remove chicken from index
>pork price is high
people will just buy fish, remove fish from index
The federal reserve is run by the bankers. Every single chairmen of the fed is a former bank executive. When they leave the fed they get cush jobs at a major bank and live like kings. None of this is a coincidence.
>Every single chairmen of the fed is a former bank executive.
>former
NO "former" about it, but I'm just being pedantic
Yes and when the phone you get benchmarked at 50% faster but the price just goes from 1299 to 1499 it actually counts as DEFLATION!
When Ground beef goes up to much, they look around and go well, let's substitute chicken!
etc etc
It's beyond fucked. When they say 2% it's more like 8-12
You can only guess what it REALLY is when it's 4 or 6 or when it was 9. 9 was probably really 20+.
This is why those 99c burgers are now $3-4 but the official inflation calculations would claim you're paying $1.70
They track what people actually buy in the consumer expenditure index. You didn’t know what that is until now brainlet.
Been following inflation since the 80's fucktard
get rekt
Inflation and expenditures arent the same thing retard.
lol higher expenditures denote inflation fucktard
'govt tracked'
Gov't tracks snippets, only braincels without braincells believe it's accurate
Fucking obtuse retard
It will be 3.9 - 4.1. The expectation is 3.3. bad day for the market tomorrow.
Anyone with pattern recognition understands that 3.3 does not fit here at all. CPI is based on a one-year time scale. So what happened last year is very relevant to the forces pushing against what number we get this year. It would take actual inflation having tank tired this month to even stay at a 3.7. let alone achieva 3.3. It's fucking impossible.
shuts down three days later
why?
It hasn't been funded
Yes, that is right
Congress has funded two wars before they funded the government
I thought they kicked that can down the road until after Biden presidency.
Has to be done every year
it is Congress's ONLY job they have to get done each year, it is often the ONLY job they do get done each year
Thanks, I was thinking of the debt ceiling being raised until 2025. It's literally so fake and gay.
I can't imagine the government shutting down with out greatest ally in threat.
It usually goes through without much of a trouble because this is Congress paying themselves. They often vote for raising their own salaries as well. Wouldn't that be nice? Every year you and your fellow employees get to vote how much MORE you get paid next year and the number never can go down.
this is one of many reasons they were so pissed about McCarthy having to try a million times to get the Speaker vote
they couldn't pass a budget until the new reps were sworn in
but can't swear in the new reps until there is a speaker
Typical MAGAt ignorance. CPI ex-energy, ex-housing, ex-food, ex-insurance, ex-utilities, ex-travel & leisure, and ex-non discretionary consumption are all on a sustainable downward path. This is Bidenomics at work. Even Nobel prize winning economist, Paul Krugman the kiddie porn kike consumer says so.
Doesn't matter how high inflation is. Wagies will still be poor and nobody will do anything about it.
whatever gets us tf away from the eastern criminal enterprises than I'm all for it
lol, if you haven't realized by now that the US stock market is just like chinas at this point your lost.
There's no fucking reality, 30% is retirement accounts where morons blindly shove cash into whatever their fund manager wants.
40%? Fucking foreign investment.
It's a fucking game with no grounding in reality.
Remember when a P/E over 20 was considered wild? Now so many companies don't have a P/E because they fucking don't make any money.
Companies that don't make money, that don't know how to make money, have market caps in the tens of billions.
Oh well.
What's really crazy is since Obama's fuckery in '09 allowed entire industries to pop up making nothing and sustaining based on 0 percent rates, they are now beyond fucked but living off their cash from IPO's, whale funds, etc.
That also creates another impetus for DEI. All these companies in Blackrock and shit can just tell these assholes to bend over and they will
>muh cpi
>but no cei
Makes u think
I really doubt the government will shut down, at least for a long time. The white house israelites are too power hungry and greedy to lose their grip on controlling the whole country.
Is that the krypto guys rat gf?
sex gerbil
>grippy
post the pasta
She's a wood nymph, biggot
Comin in Hot, hot, hot.
Um source?
Boink
Does this mean I should sell my Casey's stock?
515, how did I miss CASY? I fucking hate myself right now.
MoM matters more
Spoos tops Weds @ 4600.
Going long Dec spy 400 putsssss….
Not likely. They’ve been lowering gas prices which they will factor in and use Biden math to bring down CPI to make Darth Brandon look good.
They are pushing down gas prices so CPI looks good
Gas is down to like $2.64 here in Florida lmao CPI is gonna be low
Real CPI is much higher (think 10%) if going by metrics used 10-15 years ago (which is what current CPI is still compared against). They'll use fuzzy math to keep it around 4%.
They will do anything to make Darth Brandon look good. They lie their fucking asses off night and day. It’s a big scam.
Digits and it doesn't happen
Nothing ever happens is the happening