Stocks Plummeting After News of Latest Inflation Increase

[Mac1958]

It was a surprise to me that August's annualized change was not even 1.5%--
View attachment 696037

--but that's when I took a look at year over year changes--
View attachment 696038
--and saw that however minuscule the Aug. drop was, it was just not enough for today's economy. We'll eventually get relief from this problem but my guess it's not going to happen this month.

The Fed has to do another 75bps next week, even 100, and no doubt there's more on the way.

 

[CowboyTed]

The people that can't afford groceries NOW are the same people that couldn't afford groceries when trump was POTUS.

The rich are still rich and the poor are still poor.

We need to just go back to when the market crashed under Trump (by a bigger margin)

And everyone can reverse there position...

Biden has even less control over the Market than Trump considering his hands off approach and global inflation...

 

[Resnic]

The stock market fell the most since June 2020, following Wall Street's humbling realization that inflation is not slowing as much as hoped. The Dow lost more than 1,250 points and the S &P 500 sank 4.3%.
Red Wave coming soon, despite the "big guy"'s looney proclamations, who talks about "breathing room" while gas prices have sunk a bit they are still 33% higher than this time last year. And the big one > Housing rentals. WOW!

All over the country, the cost of rental housing has skyrocketed like never before.
The apartment I was renting in 2021, went from $600/mo to $1200/mo (100% inflation). In the Tampa Bay area, commonly, ordinary 1 bdrm apartments have jumped from $600 to $1800 (200% inflation) and many are now renting at over $2,000/mo, and the politicians from Biden on down are doing nothing.
Hey Joe, where you goin' with that microphone in your hand ?

View attachment 695970

Dow tumbles 1,200 points for worst day since June 2020 after hot inflation report

The stock market came under pressure after the consumer price index report for August showed higher-than-expected inflation.

www.cnbc.com

They will go down, but the feds plunge protection team will bring them back up. The feds will buy bonds to keep things up atleast until midterms are over. They can't afford to actually let it crash until midterms are over.

They are keeping the debt market in place for now. It drops but they bring it back by the end of the day and never let it stay down on Friday when the market is closed for the weekend.

Bond yields are still a good indicator of how the debt market is doing. Which is bad because returns on a 2 year bond are higher than a 10 year bond. That's the exact opposite of of what should be happening. They want people to see bigger returns in a shorter period of time so they increase in the hopes of people buying them up because they know no one has faith in 10 years they will see their return.

If they lose big in midterms I expect them to crash that shit and blame it on Republicans or use it as an excuse to assume control by centralizing banks or trying to implement a new digital currency system "for our protection".

 

[Bootney Lee Farnsworth]

Maybe one of you knuckle draggers can explain how the high price of gasoline has made rent go up? LOL!

Are you really that dumb? Do you really need an explanation?

Very telling.

 

[Independentthinker]

The stock market fell the most since June 2020, following Wall Street's humbling realization that inflation is not slowing as much as hoped. The Dow lost more than 1,250 points and the S &P 500 sank 4.3%.
Red Wave coming soon, despite the "big guy"'s looney proclamations, who talks about "breathing room" while gas prices have sunk a bit they are still 33% higher than this time last year. And the big one > Housing rentals. WOW!

All over the country, the cost of rental housing has skyrocketed like never before.
The apartment I was renting in 2021, went from $600/mo to $1200/mo (100% inflation). In the Tampa Bay area, commonly, ordinary 1 bdrm apartments have jumped from $600 to $1800 (200% inflation) and many are now renting at over $2,000/mo, and the politicians from Biden on down are doing nothing.
Hey Joe, where you goin' with that microphone in your hand ?

View attachment 695970

Dow tumbles 1,200 points for worst day since June 2020 after hot inflation report

The stock market came under pressure after the consumer price index report for August showed higher-than-expected inflation.

www.cnbc.com

But but but inflation is now below zero.

 

[Mac1958]

Hopeful news here, we'll see. Inflation appears to be leveling off, but the length of that portion of this cycle is unknowable.

 

[TheReaper]

Inflation Returns: Consumer Prices Unexpectedly Rising Again

Economists had thought inflation would be reversing in August. | Economy

www.breitbart.com

 

[protectionist]

56 days until you're wrong

So you think Americans are going to vote for more of Biden's inflation, recession, police defunding, unvetted illegal aliens, etc, ad nauseum ? Don't bet your house.

 

[protectionist]

Hopeful news here, we'll see. Inflation appears to be leveling off, but the length of that portion of this cycle is unknowable.

Sounds more like disinformation, than "disinflation" The big one is the housing rents (100-200% inflation), and they're not coming down one dime.

 

[protectionist]

The red tide is still gasping for oxygen in the face of the Right to Privacy.

No hard to see they've got YOU programmed. RED TIDE is getting bigger,

 

[protectionist]

Very very VERY few people give a crap about that when we can't afford groceries.

But you knew this

And HOUSING, with rent inflation at over 200%, One bdrm apts commonly skyrocketing from $600/month to over $2000/mo, almost instantaneously.

 

[protectionist]

Bookmarked.

Don't you actually have money in the market?
The Market WILL bounce back, and you WILL attribute it to anything other than Biden.

Inflation is still soaring, and now we have railroad strike about to intensify it monstrously. Democrats are wishful thinkers/posters.

 

[protectionist]

All of this is unbridled Capitalism. Why do you hate it? Are you calling for price controls? I'm in!

Absolutely > price controls - on rental housing.
1. rent control
2. rent rollbacks to 2018 leels
3, stipends for beleagured renters

But show me 1 politician who is supporting these proposals.

 

[protectionist]

Maybe one of you knuckle draggers can explain how the high price of gasoline has made rent go up? LOL!

I can explain what HAS made rent go up, but if you're a Democrat I don't think you're gonna want to hear it.

 

[Winco]

So you think Americans are going to vote for more of Biden's inflation, recession, police defunding, unvetted illegal aliens, etc, ad nauseum ? Don't bet your house.

I’m certainly am not going to vote for the following from (R)

1). Stealing Documents and not giving them to NARA
2). Not allowing a peaceful transfer of power, thus leading to J6 event dividing our Country
3). Minimalizing the value of Women
4). Asking a foreign government for help with our election
5). Starting and spreading Conspiracy Theories with absolute lies
6). Screaming Stolen and Rigged Election when you win and when you lose
7). The large list goes on and I can’t support ANY of the above.

So yes, I will be voting Democrat, 100%.

 

[otto105]

Very very VERY few people give a crap about that when we can't afford groceries.

But you knew this

Roe Roe Roe the Vote!!

BTW inflation is still high because people are still buying shit, traveling and spending.

 

[otto105]

No hard to see they've got YOU programmed. RED TIDE is getting bigger,

Roe Roe Roe the Vote!

Thanks to your red tide Maggie Hassin just won re-election in NH last night.



Enjoy

 

[Synthaholic]

Are you really that dumb? Do you really need an explanation?

Very telling.

And you run from my questions once again.

 

[Synthaholic]

I’m certainly am not going to vote for the following from (R)

1). Stealing Documents and not giving them to NARA
2). Not allowing a peaceful transfer of power, thus leading to J6 event dividing our Country
3). Minimalizing the value of Women
4). Asking a foreign government for help with our election
5). Starting and spreading Conspiracy Theories with absolute lies
6). Screaming Stolen and Rigged Election when you win and when you lose
7). The large list goes on and I can’t support ANY of the above.

So yes, I will be voting Democrat, 100%.

Today it was revealed:




Stupid fucker thought he owned the world.

 

[Synthaholic]

Absolutely > price controls - on rental housing.
1. rent control
2. rent rollbacks to 2018 leels
3, stipends for beleagured renters

But show me 1 politician who is supporting these proposals.

How typical that none of the wingnuts here are calling you a commie or a Socialist.

No enemies to the Right.