Ishad
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100? Fuck it, let’s make it a 1000 instead of fucking around every month.
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Investing General Discussion
- Thread starter Furious
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I feel like he is wrong in the idea that we should immediately go back into easing but right in the idea that getting to a neutral rate faster is better, otherwise we are just going to be in this exact situation for another year where the will they won't they on rates is an anchor around the markets neck.
Sanrith Descartes
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I think there are a fuckton of moving parts with this decision today. SCOTUS is releasing more decisions today because of Juneteenth on Monday. SCOTUS always gives a heads up to the WH ahead of "big" decisions. Rumors are coming from reporters that Roe gets released today (reporters of course getting leaks from WH). Congress cancelled their 1/6 circus tonight because "tired". IF SCOTUS overturns Roe at 10am, I expect the markets to react to the riots that may ensue. This would give Janet cover to go Volcker with rates. IF Roe is announced, then a 75 or even 100+ rate hike might be on the table.
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Gravel
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I made a post in the inflation thread about it, but the Fed is so reactionary that they're always going to be chasing inflation. Which means they'll never raise rates at the pace to combat it. We need a proactive Fed that looks forward, but that's just not who we have.
Sanrith Descartes
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Mist
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OU Ariakas
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I saw this and chuckled and then immediately caught myself because you are one of a handful of people on this forum that might actually be serious about this comment.
Well played.
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Gravel
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Same phenomenon I keep mentioning. Who the fuck are these people that are getting even "neutral" economic news and aren't expecting worse numbers every month? What metric or sector is actually doing well enough to make positive statements about anything related to the economy?
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Furry
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Fogel
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They need to act like any bad numbers/news is temporary or unexpected because Biden and the White House get on stage every day and keep repeating the "greatest economic growth ever!" lie, so they've painted themselves in a corner, and you know the media loves carrying their water.
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Jysin
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10:12 [TSLA] PlainSite legal blog makes renewed allegations of fraud against Telsa
- Tweets: "We obtained internal $TSLA documents from a number of whistleblowers that prove that Tesla and Elon Musk have been defrauding investors for years in a variety of different ways. But the most important is that Tesla has been lying about how many cars it sells...The word "deliveries" is a nonsense word. A lie. It has no consistent meaning within Tesla. Different systems at different times have defined the term differently. There are a lot of different systems at Tesla, and the definition has gone through material changes over time."
- Tweets: "We obtained internal $TSLA documents from a number of whistleblowers that prove that Tesla and Elon Musk have been defrauding investors for years in a variety of different ways. But the most important is that Tesla has been lying about how many cars it sells...The word "deliveries" is a nonsense word. A lie. It has no consistent meaning within Tesla. Different systems at different times have defined the term differently. There are a lot of different systems at Tesla, and the definition has gone through material changes over time."
Jysin
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Ford CEO stating that auto loan delinquencies increasing.
Follow up on this I find interesting: He also states that SUV demand remains robust despite gas prices. I remember living in the states in ~2005 (pre financial crisis) and gas prices hit $3 and people lost their minds. SUVs were being severely marked down and used market was basically giving them away. Meanwhile, Toyota Prius was on months long backorders.
I guess the takeaway is, people in general still have some cash piles and willing to bear those costs. See if this situation changes come an actual prolonged recession.
Also:
www.bloomberg.com
Follow up on this I find interesting: He also states that SUV demand remains robust despite gas prices. I remember living in the states in ~2005 (pre financial crisis) and gas prices hit $3 and people lost their minds. SUVs were being severely marked down and used market was basically giving them away. Meanwhile, Toyota Prius was on months long backorders.
I guess the takeaway is, people in general still have some cash piles and willing to bear those costs. See if this situation changes come an actual prolonged recession.
Also:
US Retail Sales Post First Drop in Five Months as Auto Purchases Plunge
www.bloomberg.com
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I don't know if Ford specifically does this but most car manufacturers are selling production up to 6 months out with deposits so their sales are much stickier than they were in 2005 since even with gas up you aren't going to give us a 2k deposit on the F150 you ordered in January.Ford CEO stating that auto loan delinquencies increasing.
Follow up on this I find interesting: He also states that SUV demand remains robust despite gas prices. I remember living in the states in ~2005 (pre financial crisis) and gas prices hit $3 and people lost their minds. SUVs were being severely marked down and used market was basically giving them away. Meanwhile, Toyota Prius was on months long backorders.
I guess the takeaway is, people in general still have some cash piles and willing to bear those costs. See if this situation changes come an actual prolonged recession.
Also:
US Retail Sales Post First Drop in Five Months as Auto Purchases Plunge
I can't imagine they won't feel some extreme pain from the double whammy of rising interest rates and rising fuel costs pushing people away from their most profitable vehicles. They really aren't super well positioned in the EV space either.
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Kiroy
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Furry
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The plebes and their interest rates will not interfere with the march of inflation! Piles of cash ahoy.
Gravel
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Sanrith Descartes
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