Inflation: Fed’s preferred measure holds steady at 6.3% in May

<totally agree with what you are saying. I started in crypto in August 2017, and I bought in. I was up 5x by December only to watch that disappear quickly and then watch the original investment go down by about 85% during the ensuing 4 year bear market. I took the opportunity to accumulate more over the last 4 years which was hard to do and at the same time a smart thing to do. I wish I had bought more. I am in profit for now but I am planning on using my experience and what i have learnt from Mason kwon. I have learned from you and other Youtubrs especially my mentor Mason . who taught me how to make trade and increase my crypto from 11 to 27btc that no one really knows what is going to happen in the market …

2nd quarter GDP is going to be horribly disastrous sensed from the spending numbers. Inflation is looking very very sticky although PCE is not a good descriptor rather CPI gives a much better sense of inflation. So, it looks like a deep recession and long-term stagflation environment. Equities are going lot lower as Fed has become completely helpless.

What’s up with Brian’s ears 👂 today?

Up 9 % in 2 Days..* FFIE… Faraday Future.. New FF 91 Futurist $ 180,000 SUV EV Pre-Order Video Commercial. Production in less than 12 weeks.

just keep up the rate hikes ..

I'm 54 and I and my wife earn $170,000 bi-weekly returns from our digital assets portfolio but we are VERY worried about our future because of the gas and food prices rising daily. We have had our savings up high with the cost of living into the stratosphere, we are finding it impossible to retire. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 30years nonstop just for a crooked system to take all you worked for.

Raising interest will only change the consumer confidence. Basically the fed injects fear to the American public. The goal is to curb demand.

Does not matter the fed is going to raise 75 basis points or 100 basis points in the next FOMC meeting. Both CPI and PCE will remain high. It all boils down to energy cost. I don't care if we are talking about core or headline index. Energy cost affects cost on housing, transportation, services, etc indirectly.

Crude oil supply is one issue. The main problem it is not going to resolve easily is our oil refinery capacity. It takes tens to plan and complete the construction of a new refinery. We have not built any refinery in the last 50 years. I don't blame the downstream companies. The greenies keep saying we don't need fossil fuel and everyone is going to drive an EV. The tree huggers forget the power plants use fossil fuel. Renewable energy only contribute a small fraction of the total energy consumption. It also takes lots of fossil energy to manufacture renewable energy equipment such as solar panels.

If the WH immediately subsidize idling refinery plants or pay for the repair of inoperable plants, the oil product price will come down. So is our CPI and PCE. We don't need to raise interest rate every month to put our economy into deep recession. Last but not least, higher interest rate means higher cost on the interest expense of our national debt. Stronger dollar will also hurt our exports.

Biden needs to think our energy policy seriously. We need to migrate and expand our usage on cleaner energy in an orderly fashion. Need a thorough plan. Not everyone can afford to pay $50k for an EV and spend $20k to replace its battery

May numbers for Pete's sake. Things have gone to crap a LOT more since then

Substitution effect…great, if gas prices going up then substitute that with biking, which is free, so inflation is falling. rents are going up, but substitute that with sleeping under the bridge

overrated, not until I found a professional account manager, Mr Alex Marcio who changed my point of view on that and today I'm gaining a lot of profits from him,..🤍

I am calling it sagflation because it is driven by old people, who don't pay much in taxes, and refuse to work past 63.