debate
I don't understand why Joseph Stiglitz said that the feds rate hikes do not counter the supply chain issues...hmmmm won't a hike cause demand to drop as it's more expensive hence people stop buying it?
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toomanyscammersOP : @iamiam you mentioned that rates are not actually falling....but what are your thoughts on the data from the us here on discretionary goods now...thanks!
iamiam toomanyscammersOP: discretionary goods will collapse in price as far as they can. Money is tightening and should be going to the basics, t-bills and materials. this all takes time to play out. but there will be a sudden shock when jobs drop.
toomanyscammersOP iamiam: this was their exact paragraph:
"Prices for long-lasting items, known as durable goods, have fallen on a year-over-year basis for five straight months. In October, they were down 2.6% from their peak in September 2022, according to data released last Thursday by the Commerce Department.
That has helped bring down core inflation, which excludes the volatile food and energy categories, to 3.5% in October, from 5.5% in September 2022, as measured by the personal-consumption expenditures price index, the Fed's preferred inflation gauge."
iamiam toomanyscammersOP: yep, but what do you think that means? because the fed only controls sentiment. that's why all the sunshine, good news, and roses. it's like this every time before the fall.