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Seriously tho
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If you wanna play in Texas you gotta have a Texas Instruments calculator in your band.
So like two more hikes? 
Bagholders that started trading in 2020 cant resist that Hopium
Yeah this is pretty much it. If there has been one predictable thing this year, it’s JPow doing what he says. Every. Single. Time. If you bet against this and lost money, you’re highly regarded.
I saw an episode of Golden Girls where Blanche was bragging about never selling her house because she had a 7% interest rate.
If it’s good enough for Blanche fucking Devereaux it’s good enough for all of you.
Invest come back in 7 years.. all is good
The rate was kept too low for too long, and now the market is feeling the pain like a bad hangover.
I feel like no one is talking about how Jpow basically said the “soft landing” is off the table.
It sounded like when the stewards/stewardesses on an airplane start saying “Brace! Brace! Brace!” after one of the engines on the plane blows.
Everyone knows the fed needed to take rate way earlier then it did but they acted like inflation was not a big deal. Now it’s a big deal. That was the stupid part. We are months behind feeling this.
Ppl thought that something would have broken by now and caused a pause/pivot. It hasn’t… the American consumer has also been much more willing to go into debt than most of us realized. They are maintaining their spending by racking up credit card debt. It’s gonna get messy real soon.
JPow: “Supply side will sort itself out once everyone is too poor to buy shit.”
Haha exactly. He basically said the hikes won’t stop until we are at like 2% inflation. We’re currently at like 10%. Seems pretty clear to me .
> economy is good
Raise prices and reap profits
> economy doing bad
Raise rates AND prices and still reap profits
Fucke them all.
If you fell for the rug pull I have no sympathy to give you.
If you made money off the move, congrats and fuck us.
lotta premature bulls listening with their heart instead of their ears
Who remembers when JPow tried to raise rates under the last president and how that played out? Well we’re here now idiots, thanks for that.
Problem is it’s not doing shit.
The inflation is being far outweighed by price gouging closer to the consumer level. And no one’s doing enough to punish price gouging.
“Inflation is transitory”
If he’s wrong about this shit, why do we even have a Fed?
Put me in charge, I can be wrong about shit, ruin people’s lives and collect a fat paycheck too
>You’re an idiot if you think the Fed is going to do anything other than what I say they’re going to do. I’m always right about these things, and anyone who disagrees with me is obviously wrong.
I bought puts during the rally because everything J POW has said led me to believe the idea the fed was going to pivot is wishful thinking at best. Turned out well as they absolutely printed today!
Fed’s official statement in March 2022 called for 2% rates at the end of 2022 and 4.2% inflation over the course of the year.
Didn’t he warn you regards that there would be pain at the last fed meeting or two? Yet you let some joker talk about a supposed pivot. It made for some nice swing trades, but the fools are the ones who really went bullish and made porn
So, I’m currently building a home and watching this train wreck. I can’t finance until we are close to completion. When we started the process, rates were sub 3%. Now I have a question. This is a supply and demand issue. Inflation is driven by the lack in supply, fed raises the rates to slow said demand. Well, my question is how much of this demand is brought on by corporations themselves, in the housing market. I know, locally, banks(corporations) have been buying homes over the last several years and killing the market. Is it fair to allow businesses to hold onto homes to make money. Shouldn’t homes goto the people? Shouldn’t we regulate who is allowed to buy homes to prevent this in the future? Didn’t we do this over a decade ago with Freddie and Fannie? I am probably way off base, but I see all the signs.
Why didn’t everyone just sell in march or earlier if it’s that easy? For allegedly how “unpredictable” financial markets are, the market went down in perfect unison with QT. Seems perfectly predictable
Nahh, he’s actually saying that we might go higher than that 4-5% now and he doesn’t give a F if we go too tight, as he’s saying.. no worries fam, we’ll just start the printer in that case again
that’s when the market lost its mind and frankly… I did too. JP is not doing a good job, I’m telling you
Edit: also they acted like inflation was not a big deal and started hiking after FED elections, which was seen by many as too late. Instead of leveling out the market, this guy is actually making it swing up and down way more than it should
Only 10 years too late. Government Greed Fueling the Economy nonstop since the 2007 Crash at the peril of the American People. The rich buying, not just second homes, but 3rd and 4th homes while the Corporate greed of Blackrock and Zillow drastically reduced the supply of Single Family Homes available Pushing Prices Beyond the Reach of Families in need.
Powell, the Reason Why the Top Economist Should be Educated in Economics, NOT Law!
Bulls were doin too much hopium
Don’t fight the FED’s
He’s a fucking lawyer and involved in politics. We’re not supposed to believe a fucking word he says.
This! I don’t get why people are such children about taking their medicine- if you don’t kill inflation everything gets worse. Take the medicine. It’s the same people who think Covid is a scam who think we don’t have to counter inflation.