LogFAQs


Current Events > Inflation rose 8.6% in May, highest since 1981

Topic List
Page List: 1
SK8T3R215
06/10/22 8:38:36 AM
#1:


Higher than 8.3% forecast. Futures down about 1% immediately after report. Core CPI also ran hotter than expectations, 6.0% vs 5.9% expected YoY.

https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html

https://www.bls.gov/news.release/cpi.nr0.htm

---
New York Knicks, New York Jets, New York Yankees.
... Copied to Clipboard!
Dat_Cracka_Jax
06/10/22 8:39:27 AM
#2:


That's not good

---
http://img826.imageshack.us/img826/8131/flame201010170949481638.jpg
http://img705.imageshack.us/img705/5517/cateyes.gif Rams: 7-9
... Copied to Clipboard!
JuanCarlos1
06/10/22 8:42:04 AM
#3:


How much of that 8.6 is from rising house prices and gas? My point is that if you already own a house, youre partially protected from that number.

---
Mas dicen, que en las dimensiones de nuestro ser... hay muchos detalles por conocer...
... Copied to Clipboard!
Scorsese2002
06/10/22 8:44:06 AM
#4:


https://twitter.com/markets/status/1535239317852983297?s=20&t=w9gClO4OX9IsDNrsAwYm9w

---
https://www.twitch.tv/dtake86
... Copied to Clipboard!
ultimate reaver
06/10/22 8:45:05 AM
#5:


come, sweet recession

---
I pray god will curse the writer, as the writer has cursed the world with this beautiful, stupendous creation, terrible in its simplicity, irresistible in truth
... Copied to Clipboard!
UnfairRepresent
06/10/22 8:45:06 AM
#6:


Thanks O'Biden

---
^ Hey now that's completely unfair!
http://i.imgur.com/yPw05Ob.png
... Copied to Clipboard!
SK8T3R215
06/10/22 8:46:17 AM
#7:


JuanCarlos1 posted...
How much of that 8.6 is from rising house prices and gas? My point is that if you already own a house, youre partially protected from that number.

The shelter index increased 0.6 percent in May, the largest monthly increase since March 2004. The rent index rose 0.6 percent over the month, the same increase as in April, and the owners' equivalent rent index also rose 0.6 percent. The index for lodging away from home rose 0.9 percent in May after larger increases in recent months.

---
New York Knicks, New York Jets, New York Yankees.
... Copied to Clipboard!
MaxEffingBemis
06/10/22 8:47:00 AM
#8:


NOW were gonna feel the effects of Covid

---
She took pity on me, horizontally, but most likely because of my band
... Copied to Clipboard!
Irony
06/10/22 8:49:19 AM
#9:


Thanks Ulysses S. Grant

---
I am Mogar, God of Irony and The Devourer of Topics.
... Copied to Clipboard!
Squall28
06/10/22 9:57:43 AM
#10:


Increasing rates is doing nothing huh eheu

---
You can't go back and change the beginning, but you can start where you are and change the ending.
-Misattributed to CS Lewis
... Copied to Clipboard!
Questionmarktarius
06/10/22 9:58:28 AM
#11:


JuanCarlos1 posted...
How much of that 8.6 is from rising house prices and gas? My point is that if you already own a house, youre partially protected from that number.
...at least until property taxes roll around.
... Copied to Clipboard!
Dat_Cracka_Jax
06/10/22 9:59:30 AM
#12:


Squall28 posted...
Increasing rates is doing nothing huh eheu
It's too late

---
http://img826.imageshack.us/img826/8131/flame201010170949481638.jpg
http://img705.imageshack.us/img705/5517/cateyes.gif Rams: 7-9
... Copied to Clipboard!
PatrickMahomes
06/10/22 10:00:24 AM
#13:


so can we go ahead and lower interest rates again then since it didnt work

---
https://i.imgur.com/cEQy3f4.png / https://i.imgur.com/gWKaLHC.png
https://i.imgur.com/u6JR7qX.jpeg
... Copied to Clipboard!
theAteam
06/10/22 10:07:57 AM
#14:


Current interest rate is 0.75%. They had to get rates to 20% to curb inflation in the early 80s. I think 0.25% per quarter might not be cutting it.

---
Buffalo Bills
... Copied to Clipboard!
Jabodie
06/10/22 10:11:02 AM
#15:


PatrickMahomes posted...
so can we go ahead and lower interest rates again then since it didnt work
Rates need to continue to rise if you don't want your cash to be monopoly money in 5 years (exaggeration). Raising rates is not some new method of curtailing inflation. This was the plan all along when they printed money hand over fist during the first year of the pandemic. Edit: I'll add here the Russian invasion of Ukraine is probably accelerating things in terms of inflation and how quickly the Fed wants to raise rates.

theAteam posted...
Current interest rate is 0.75%. They had to get rates to 20% to curb inflation in the early 80s. I think 0.25% per quarter might not be cutting it.
Let's hope it doesn't get to that lol.

---
<insert sig here>
... Copied to Clipboard!
RetsuZaiZen
06/10/22 10:13:28 AM
#16:


Fuckin recession

---
Why do nerds always get caught up on the details?
Michael Jordan is both the greatest and most overrated basketball player of all time.
... Copied to Clipboard!
Dat_Cracka_Jax
06/10/22 10:15:27 AM
#17:


So if rates keep getting raised, will banks begin offering higher interest rates for savings and CDs?

---
http://img826.imageshack.us/img826/8131/flame201010170949481638.jpg
http://img705.imageshack.us/img705/5517/cateyes.gif Rams: 7-9
... Copied to Clipboard!
legendary_zell
06/10/22 10:20:31 AM
#18:


We're gonna redo the 70s apparently. Except the Republican elected at the end of all this is gonna be a fascist.

---
I gotta be righteous, I gotta be me, I gotta be conscious, I gotta be free, I gotta be able, I gotta attack, I gotta be stable, I gotta be black.
... Copied to Clipboard!
Questionmarktarius
06/10/22 10:21:27 AM
#19:


Dat_Cracka_Jax posted...
So if rates keep getting raised, will banks begin offering higher interest rates for savings and CDs?
Up from 0.05% to 0.051%
Woot woot!
... Copied to Clipboard!
Jabodie
06/10/22 10:25:33 AM
#20:


Dat_Cracka_Jax posted...
So if rates keep getting raised, will banks begin offering higher interest rates for savings and CDs?
Most likely. Hard to say when and how much, though.

It's probably a bad time to start meme investing, though.

---
<insert sig here>
... Copied to Clipboard!
Squall28
06/10/22 10:29:21 AM
#21:


I wonder if we would've been better off just taking that recession hit up front instead of fucking up our money supply to the end of time.

---
You can't go back and change the beginning, but you can start where you are and change the ending.
-Misattributed to CS Lewis
... Copied to Clipboard!
Questionmarktarius
06/10/22 10:31:34 AM
#22:


Squall28 posted...
I wonder if we would've been better off just taking that recession hit up front instead of fucking up our money supply to the end of time.
Go blame Nixon, for destroying the gold standard.
... Copied to Clipboard!
Mearcstapa
06/10/22 10:38:33 AM
#23:


I don't give a fuck how bad of a recession it sends us into, Jerome Powell and the Fed need to slam that rate hike button hard and obliterate their balance sheet.

---
after years of waiting
nothing came
... Copied to Clipboard!
Jabodie
06/10/22 10:42:41 AM
#24:


Squall28 posted...
I wonder if we would've been better off just taking that recession hit up front instead of fucking up our money supply to the end of time.
Imo the answer is almost certainly not. A huge market crash during quarantine would have probably spelled disaster with an unknowable period of time before we can get vaccines out, relax restrictions, and start economic recovery. The kinds of people that believe the Fed shouldn't exist are probably the kinds of people that thought there shouldn't be any lockdowns for the pandemic. It is difficult for me to imagine that a crash in 2020 would have been better than a few years of 10% inflation followed by a more moderate recession.

---
<insert sig here>
... Copied to Clipboard!
uwnim
06/10/22 10:53:58 AM
#25:


PatrickMahomes posted...
so can we go ahead and lower interest rates again then since it didnt work
We need higher interest rates. Also, for like regular stuff, it takes time for interest rate changes to matter. Stock prices can be affected even before the rate change occurs, but the effect on anything that isnt a prediction of the future takes time.

---
I want a pet Lavos Spawn.
[Order of the Cetaceans: Phocoena dioptrica]
... Copied to Clipboard!
Master_Materia
06/10/22 10:55:11 AM
#26:


Questionmarktarius posted...
...at least until property taxes roll around.
Property taxes should be illegal. No one should be priced out of a home they already own. Its damn evil.

---
...
... Copied to Clipboard!
shiby with it
06/10/22 10:56:03 AM
#27:


Turns out shutting down the economy, continuing to hand out billions in foreign aid, and printing trillions of dollars within a couple of years wasn't such a good idea, after all. How Covid was handled was the biggest blunder in modern economic history.

---
...I knew this 45 year old guy, goes by the name of Uncle Slappy, used to hang out on the corner of 56th and Rucker... -SArmstr0ng
... Copied to Clipboard!
uwnim
06/10/22 11:58:00 AM
#28:


Master_Materia posted...
Property taxes should be illegal. No one should be priced out of a home they already own. Its damn evil.
Land is one of the few things that should be taxed. You didnt create it and in exchange for the exclusive rights to use a bit of land, you should be paying to compensate everyone who is now unable to utilize that land.

---
I want a pet Lavos Spawn.
[Order of the Cetaceans: Phocoena dioptrica]
... Copied to Clipboard!
TheGoldenEel
06/10/22 12:02:00 PM
#29:


How much of that is due to corporations just raising prices to make record profits

---
BLACK LIVES MATTER
Games: http://backloggery.com/wrldindstries302 \\ Music: http://www.last.fm/user/DrMorberg/
... Copied to Clipboard!
Billyionaire
06/10/22 12:55:38 PM
#30:


Master_Materia posted...
Property taxes should be illegal. No one should be priced out of a home they already own. Its damn evil.
Do you know the sorts of things that property taxes fund? Schools, hospitals, fire departments, etc.

---
$ex
... Copied to Clipboard!
Topic List
Page List: 1