EPTTrading/Investing Thread - Page 116
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{CC}StealthBlue
United States41117 Posts
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pmh
1391 Posts
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endy
Switzerland8970 Posts
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{CC}StealthBlue
United States41117 Posts
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JimmiC
Canada22817 Posts
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endy
Switzerland8970 Posts
On October 14 2022 02:38 {CC}StealthBlue wrote: Strange..., up over 700 points.... just reacting to DXY dumping every asset right now is a proxy for EURUSD lol On October 14 2022 02:45 JimmiC wrote: It depends who you read and their thoughts on whether we are at the bottom or not. But the we are at the bottom (or near) people suggest that the awful stuff is already priced in because people are so pessimistic. the Fed will keep increasing rates until something breaks, then will have to resume money printing, that's when you buy until then any major bounce is for shorting | ||
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Sermokala
United States14068 Posts
At least the Euros have a central bank this time around. If you think weird bounces are for shorting now just wait until the first medium nation collapses and all their rich people throw what they can into American stocks. | ||
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SC-Shield
Bulgaria835 Posts
On October 14 2022 07:22 Sermokala wrote: The thing that will break first is inflation, the holy econ texts and Volcker's ghost demands no less. OPEC getting ideas above its station and high inflation will cause nations to default on their debt as they did 40 years ago. Its only a matter of which nations and how the world will pick up the pieces afterwords. At least the Euros have a central bank this time around. If you think weird bounces are for shorting now just wait until the first medium nation collapses and all their rich people throw what they can into American stocks. The thing is no one knows when inflation will end. Besides, it's a rather odd one because it's after COVID and energy crisis, so multiple factors. | ||
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Sermokala
United States14068 Posts
On October 15 2022 21:44 SC-Shield wrote: The thing is no one knows when inflation will end. Besides, it's a rather odd one because it's after COVID and energy crisis, so multiple factors. Inflation was pretty bad for decades until Volcker slayed the dragon. A lot of nations either collapsed or came really close to collapse while he fought it. People are really underestimating the fed if they think that they'll stop even after the pound and the yen go down. | ||
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iPlaY.NettleS
Australia4374 Posts
On October 16 2022 13:09 Sermokala wrote: Inflation was pretty bad for decades until Volcker slayed the dragon. A lot of nations either collapsed or came really close to collapse while he fought it. People are really underestimating the fed if they think that they'll stop even after the pound and the yen go down. The US national debt wasn’t 31 Trillion dollars when Volcker did that.They’re predicting interest on the debt will overtake spending on Medicaid this fiscal year due to interest rate rises and yearly budget deficits in excess of one trillion dollars. https://www.washingtonpost.com/business/2022/10/13/debt-interest-rates/ | ||
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Sermokala
United States14068 Posts
On October 16 2022 20:17 iPlaY.NettleS wrote: The US national debt wasn’t 31 Trillion dollars when Volcker did that.They’re predicting interest on the debt will overtake spending on Medicaid this fiscal year due to interest rate rises and yearly budget deficits in excess of one trillion dollars. https://www.washingtonpost.com/business/2022/10/13/debt-interest-rates/ This goes into something else that people miss a lot when talking about currencies collapsing and the monster that is the petrodollar. The death-spiral for countries comes when they have to keep buying dollars to import goods but the value of the currency they're buying dollars with keeps going down because they need to print more of their own currency to buy the dollar. 80% of the worlds debt is denominated in either Euros or Dollars. 60% of that is dollars. Yes hard times are ahead but the only way forward is through breaking inflation and bringing stability to global trade. There is no other option on the table. Continuing to fight inflation will be rough for even America and will bring some nations to their knees. Not fighting inflation or printing again will be the end of modern industrialism. When I see non-Americans predict that the fed will pivot, why? What do you think would be better if the fed pivoted or what reasoning they would use to pivot now? The Fed has to chose between spiraling inflation and a global recession. It will choose the global recession every time and sleep well at night doing what they should be doing. | ||
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{CC}StealthBlue
United States41117 Posts
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3FFA
United States3931 Posts
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{CC}StealthBlue
United States41117 Posts
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JimmiC
Canada22817 Posts
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{CC}StealthBlue
United States41117 Posts
But JPow is still out there... he could kill this rally in less than a minute later today. edit: $TWTR will be taken off the stock tomorrow. | ||
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JimmiC
Canada22817 Posts
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{CC}StealthBlue
United States41117 Posts
Also CNBC won't upload Cramer having to be consoled live on air while talking about META rofl cowards. Edit: Found it on twitter full on inebriated. | ||
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SC-Shield
Bulgaria835 Posts
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{CC}StealthBlue
United States41117 Posts
On October 28 2022 04:49 SC-Shield wrote: Apple's index is -3.15% at the moment, minutes before earnings report. Probably fear due to Microsoft, Google and Meta earnings. Also, recession... Nothing but bloodshed. | ||
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