What a fool. Stocks always fall and recession always happens when Fed drops rates. Has been true each time.
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Reinv… What a asshole as usual
Stock PE’s are very much elevated by historic measures.
Unemployment is low.
Gold just soared to an all time high.
Housing, though it has eased, is still expensive relative to incomes.
Interest rates are near historic averages, not elevated unless the last 20 years is your only guide.
Seems “steady as she goes” would be a much more data driven stance than any rapid cutting.
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I am not saying “rapid” cutting if that means rapid fire cutting.
By historical pattern the time between last rate hike and first rate cut is shorter than most assumed. I have no idea what the time delta is between the next n-th and (n+1)-th cut.
The longest time delta between last hike and first cut is only one year and that happened right before GFC. I think the Fed don’t want to repeat that mistake by holding out for too long.
Rate cuts are accelerating, driven by EM central banks.
Who is the superpower in oil production?
We are.
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You can see when the huge increase happened…
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Gas price right now:
Lol, is California still over $5?
You think US median could be below 3 while CA median is over 5?
A good friend is doing a cross country 2 year tour in his RV. 6 miles a gallon towing a car. He will benefit from $3 gas … available anywhere but Ca.
CPI YoY 3.1%, expected 3.1%
CPI MoM: 0.1%, expected 0.1%
CPI core YoY 4.0%, expected 4.0%
CPI core MoM 0.3%, expected 0.3%
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Average gas price in California over the last 12 months. Peaked at over $6 in early October.
Congrats on paying 53% higher than the national average. I’m sure that’s a huge boost to working families.
In Cedar Park-TX, Costco regular petrol $2.10 per gallon
Now go compare California’s minimum wages with national average. I think that matters too for working families.
Wow, way to create the illusion of success. Pay people more but everything costs more. Maybe that’s why California is among the worst states in poverty rate. What a model of success!
I was comparing CA vs TN and I see TN 20% overall cheaper than CA. Min wage in CA -15.5, TN-7.25 which translates to $32240 and $15k per yr. State income tax in CA will be $1300. To equalize 32k, TN should have $25800. I’m excluding all the opportunities and other big aspects in CA for simplicity sake. Correct me if I’m wrong, doesn’t it show if I live in TN I’ll be more poorer?