Independent thinking for complex markets and current events
by confoundedinterest17 Yes, The Fed has a line on you! And will likely keep raising rates as inflation stays elevated. This means higher mortgage rates unless China slips into a deflation doom loop. Thanks in part to The Fed, housing affordability is at the lowest level since the 1980s. And we are seeing tail volatility in the …
By Graham Summers, MBA Nothing has changed in the U.S. in the last month. The primary framework for investing in the U.S. is as follows: 1) The stock market is bubbling up due to: a. There being too much liquidity in the financial system. b. Inflation, particularly core inflation remains elevated (4.8%). c. Stocks are …
https://twitter.com/FinanceLancelot/status/1687418149505822720
by pman6 People like to focus on YoY inflation compared to previous year, ignoring 2-3 years ago. Things went from relatively stable 2-3% yoy inflation prior to covid, to a quick jump during 2021-2023. So cpi July 2021 was 5% over July 2020, July ’22 was 9% over 2021. July ’23 will be 3% over …