What is going on today? - Megathread

You do know that there isn’t a 4th dimension where you can check wherever labour would have governed better (in your opinion) if they’d had been in power?
For instance if Corbyn had won the election would it have been less miserable?

:scream: I can’t even … would it have been worse … :joy:

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The US CPI is 1% above estimates, and it appears that it has been stuck at 3% level for a while now. This makes me wonder if the FED will raise its interest rate again at their next meeting.

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If you believe what the FED is putting out yes it’s slighty up.

Lets see what the true inflation is:

Thank you for sharing that. Well, I’m just trying to imagine what the next step for the Fed could be since this inflation seems to be quite sticky.

Obviously I don’t know the answer to that. something might have been worse others might have been better. How would he have dealt with covid? I don’t know but I suspect not by giving billions of pounds of tax payers money to his mates business in return for pretty much nothing

Don’t know what his position on Russia/Ukraine is, He’s probably a bit too pacifist and I don’t know if he would be giving Ukraine military support.

Think things would have been better for the poorer end of our society though

I doubt they are going to change their stance and just hold their rate. The data they are putting out almost always gets readjusted at a later date without any of the headlines and fanfair of the original release.

These 2% targets are just some arbitrary number (blame New Zealand) at this point. Yes it’s good to aim for something but The US economy can cope just aswell with a slightly elevated inflation above 2%.

I really don’t think there is going to be any interest rate hike from this.

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There’s also the fact that it’s an election year, and I’m not sure how much that would influence the Fed’s decision. Anyway, I hope you’re right about it.

This interview with Soros reminds me of some Netflix series.

The idea that making money and morals are compatible is just marketing.
Soros is not different from many others, just more successful than most.

Could we say the same about Buffet or Charlie? Perhaps no. So it’s not a rule. Moreover, being someone who feels no remorse for the death of his people while simultaneously practising philanthropy seemed extremely weird to me.

He supported the IRA including attending commentations for dead terrorist and was against the good Friday agreement.
He has always said that hamas are my friends.
He says that blame for the Russian invasion was the expansion of NATO.
Yep your right definitely a pacifist

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Yep socialism is always good for the poor as it makes everyone equally poor.
Are you sure the stockmarket is the place for you?

He would put his brother in charge :joy::rofl::joy::rofl:
I hope you got the irony?

I don’t believe even for one second that Buffett wasn’t aware of Wells Fargo’s involvement in Mexican cartel money laundry. We are talking about a mountain of deaths, killed in the most awful ways. And this is just the most controversial item of a very long list.

Not believing that he didn’t know doesn’t necessarily imply that he knew it.

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I recall past comments from the Fed about slightly higher inflation being good for the US, believe it was Powell he’s been chairman at the Fed for a while.

From 2009-2020 the yearly average only breached 3% once, otherwise it was generally below 2% - https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

Seems more plausible to me, that they’ll react to demand changes/possible signs of recession now, rather than inflation (which is obviously influenced by demand)

LOL are you implying that Buffett did not read the news?
And of course he did not know about the fake accounts, beside 700 whistle-blowers coming forward?
.

Of course, he read the news, but was that after he invested? Honestly, I’m unaware of any instances where he took advantage of others’ misfortune or invested in companies with questionable management. If you have information, please share, but stop speculating.

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What every business in the world needs more than anything else is customers, trickle down has not worked. We need to rebuild the economy bottom up. If people have more money in their pockets the velocity increases which is good for business. Our economy and stock market is doing crap under the current right wing government and they have had 14 years at it.