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TxTower

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Everything posted by TxTower

  1. Higher prices are the new normal. There will be no reversion to last years prices. Some cooling in from the insanity in the housing market but overall higher prices are here to stay. Inflation is imbedded in consumer goods, food, housing and energy which is the vast majority of the economy. The Fed fucked around and is finding out. The only way prices fall is if we fall into serious recession and while I think that could happen, I see a mild recession as more likely. Sent from my iPhone using Tapatalk
  2. Knob Creek for me since they came back with the age statement. Hard to beat 9 yo, 100 proof, small batch for under $30. Sent from my iPhone using Tapatalk
  3. https://www.morningstar.com/news/marketwatch/20220513302/powell-it-would-have-been-better-if-fed-had-raised-interest-rates-a-little-sooner No shit, Sherlock Sent from my iPhone using Tapatalk
  4. April PPI (wholesale inflation) up 11% yoy Sent from my iPhone using Tapatalk
  5. April Core inflation (ex food and energy) rose higher than expected 6.2% yoy suggesting inflation is becoming increasingly embedded. Sent from my iPhone using Tapatalk
  6. Sent from my iPhone using Tapatalk
  7. Just checked in for this kick in the nuts. Ugh. Sent from my iPhone using Tapatalk
  8. Sure it jumped the shark a bit but still a solid series. Sent from my iPhone using Tapatalk
  9. They’re up in his grill tonite with good results. Sent from my iPhone using Tapatalk
  10. You had me at Sherlock. [emoji869] Sent from my iPhone using Tapatalk
  11. Paul was never set. Bullshit call. Sent from my iPhone using Tapatalk
  12. Yeah just a little room with this dovish Fed. I guess my chart goes back further than yours.
  13. You’re not in Phoenix anymore Chris. Happy freakin Birthday! Sent from my iPhone using Tapatalk
  14. Keep shooting McGee! Sent from my iPhone using Tapatalk
  15. Richard Jefferson is a huge douche that hates the Mavs. Why do they always get these haters to call our games? Sent from my iPhone using Tapatalk
  16. Um what? How old are you? Sent from my iPhone using Tapatalk
  17. All Gas! No Brakes! Sent from my iPhone using Tapatalk
  18. It’s called Stagflation. Sent from my iPhone using Tapatalk
  19. This is what it looks like when the markets lose confidence in the Fed. Sent from my iPhone using Tapatalk
  20. It matters when you need to raise rates to combat runaway inflation. Financial repression indeed. Savers still getting bent over to benefit Borrowers and the Govt. Consumers to pay with higher prices on everyday goods and services. Sent from my iPhone using Tapatalk
  21. Starting in June. Fed is 6-8 months behind in stopping Open Market purchases and shrinking the balance sheet. Now they’re behind in raising rates. Consumer spending is still strong and near full employment so they could’ve stopped OM purchases and started to shrink the balance sheet long ago. They pussy footed around too long and now they’re going to have to pull a Volker to contain inflation. But they can’t do that either without ballooning the deficit with carry costs. Rock and a hard place. Inflation may be here to stay for awhile. Sent from my iPhone using Tapatalk
  22. We needed 75 bps hike to combat increasingly entrenched inflation. Markets coming to terms with that today. There will be blood. Sent from my iPhone using Tapatalk
  23. But it sucks for RBR. Sent from my iPhone using Tapatalk
  24. Huge relief rally in equities as traders think the Fed just might have some balls after all. Sent from my iPhone using Tapatalk
  25. And guidance for 50 bps hikes at the next two meetings. Fed trying to play catch up. Sent from my iPhone using Tapatalk
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