The job market, inflation and tariffs

CPI year over year categories.

 

Was just coming to post that. Trump can't be bothered to wait for the decision next week. Or he doesn't know there is a Fed meeting next week.

And he seems to think Powell controls the interest rates. How is he able to continue to put together complete sentences?

 

I haven't read the book, but I've come across a number articles that compare now to the dot com bubble (in comparison) much better. I've also never been a fan of the 1929 comparisons as there are a lot more regulations in place now than in 1929, and we won't have a crash like that. Hell, even the GFC which was horrendous was not anywhere close to 1929 and the after effects.

 

Anyway, info out today:

GDP revision: top line is it was 1.4% but now 0.7%

 

Those were the days. cabbies and grandmothers trying to actively trade the dot.com surge…

 

Its hard to compare the dot.com era to the S&P since the dot.com era was limited years. The main difference is the S&P since the time of the great depression has provided healthy, stable growth with some temporary setbacks (COVID, wars, 9/11, banking crisis, etc). I know it sounds simplistic, but a "healthy" chart trend is one progressing at roughly a 45' angle left to right (look a yearly chart).

the Dot.com era is harder to compare due to its shorter life but looking at that market, the move was parabolic meaning a steeper and steeper rally (unsustainable the steeper it gets) based on small time investors greed (and not knowing how to trade), and some obscene valuations by star analysts (ie. Henry Blodgett at Merrill)on CNBC.

Moral of story: healthy = 45', unsustainable increasing steepness in a shorter period of time = be aware.

 

"Buy crypto, bro. It will only go up."

 

I paid for crypto chat room ( fthe reviews and the guy seemed legit after all…what could go wrong?!) lost it all.

now I am moving my remaining money into gold and other metals as per the infomercial ad around midnight. That I see every night.Heh the customers they interview seem happy! Nice yachts and couples happily holding hands on a beach!
Count me in I can’t wait!

 

I caught a video a year or two ago by a guy who said he bought a private jet on the cheap (like a broken down Gulfstream). I think he had it towed to an unused airfield, parked it near a hanger, painted it and redid the interior, and rented it out to finfluencers/lifestyle influencers. Said he paid off the purchase price in a year, and showed pictures of the a couple of influencers getting on the plane and their Instagram pictures. I wish I could find it again, but was amusing.

 

You mentioned private jets. There was an “ options trader” ( cough) who did an online ad with him bragging everyone could get rich while he was sitting in a jet. So glad I took his advice ended up with my own jet.

 

I have a standing desk with 6 monitors and a hillside view of the ocean. I work 2 hours a day.

DM me and I'll send you my course on how to get rich. It's only $1000.

 

China raising tariffs on rubber imports from Canada, Japan, India to 30%. From what I can tell tariff was about half of that. I guess that wasn't part of the trade deal struck between Canada and China ....

https://economictimes.indiatimes.co...pan-canada/articleshow/129545004.cms?from=mdr