Well with markets like these the only way to let their friends grow wealth is by giving them negative real rates funded by the taxpayer.. we aren't much better right now either and won't be even at 2.5% rates.You could be the ECB (Euro Central Bank) today and announce boosted inflation outlook and lowered GDP forecast all the way through 2024.
**While also deciding to leave rates at 0%!!
This is like the last company I'd expect to miss. People are chucking money at computer parts.
15:38 [AMD] CEO Su: Believe we will see a down PC market this year - Investor DayThey were when the free stimulus money was rolling in. Not so much now. You can also see this in graphics card inventories / prices returning to "normal".
guh15:38 [AMD] CEO Su: Believe we will see a down PC market this year - Investor Day
This is very true, the ultimate truth is two-fold that the market can't fight the fed and it can't fight high energy prices. It couldn't fight the fed in April 2020 when all the fundamentals were shit and we hit all time highs and the V shaped recovery was move like a \| shaped recovery and it can't fight it now when we are tightening. The scary thing is this could last until 2025 when hopefully Biden is ousted and energy policy returns to sanity.If people stop buying shit, prices will come down.
Prices are whatever the market will bear and unfortunately due to years of handouts, gross overspending, loose policy, and quite a few legitimate boom years, the market will bear an awful lot.
You realize energy prices are insane everywhere, right? Even slash-and-burn Brazil for fuck's sake? That's Biden's fault too?This is very true, the ultimate truth is two-fold that the market can't fight the fed and it can't fight high energy prices. It couldn't fight the fed in April 2020 when all the fundamentals were shit and we hit all time highs and the V shaped recovery was move like a \| shaped recovery and it can't fight it now when we are tightening. The scary thing is this could last until 2025 when hopefully Biden is ousted and energy policy returns to sanity.
I caution a bit against energy, it probably has a year or two of upside because I really do think Biden wants us to suffer but it is a self immolating investment in that it always crashes it self (after it crashes the economy)
Well Biden reduced supply but demand stayed the same so…yeah?You realize energy prices are insane everywhere, right? Even slash-and-burn Brazil for fuck's sake? That's Biden's fault too?
Don't get ahead of the plan.He could seize and nationalize all US oil companies.
That's actually the part people miss with the oil talk. Yeah, the domestic production was severely hampered, but bigger is that he basically told the Saudis to fuck off and so they've got no reason to not watch our country burn to the ground.It's Biden's fault for cutting domestic production and for the retarded response to the Ukraine which, he, as the leader of the free world is responsible for.
I also think he is weak overall and disliked aboard so he hasn't even been able to get OPEC to help out.
He could seize and nationalize all US oil companies.