Economic News

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nycfan said:
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If you want to know where the economy is heading follow the bond market. The bond market had been selling off a bit even before Iran. At this point the question is whether we will be in a recession before November or shortly thereafter.
 
nycfan said:
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There's so goddamn much money now that has nowhere else to go. Europe is a crapshoot. Asia is not realistically possible. I, like most people who post here, are benefiting from it, but the markets now appear to be completely divorced from economic dynamics.
 
Can we PLEASE change the analogy. I got an echocardiogram last week and tomorrow morning I see my cardiologist about what it says. Which hopefully will not be anything worse than the one I had in August. Let's switch to an old man urinating. That's something I still do OK.
 
05C40 said:
Can we PLEASE change the analogy. I got an echocardiogram last week and tomorrow morning I see my cardiologist about what it says. Which hopefully will not be anything worse than the one I had in August. Let's switch to an old man urinating. That's something I still do OK.
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Sorry Shame GIF by reactionseditor
 
Gas is definitely up here in Charlotte. Seeing $2.99 for regular and $3.99 for diesel.

Market is reflecting it as well 😐
 
heelinhell said:
The market recovered yesterday. Will it recover again today?

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Yesterday the Markets seemed to have a built in assumption this would be a few days bombing event. Overnight in Asia and now in U.S. markets, investors seem to have digested the varying public statements and come to the conclusion that Trump is intent on weeks or months-long engagement.
 
Oil futures are up another 8% today. DJA is tanking over a 1000. S&P is down another 2%.

How low can it go before I buy on the dip?

Oil futures here in Texas - great for my next raise. Sucks to be everyone else.
 
nycfan said:
Yesterday the Markets seemed to have a built in assumption this would be a few days bombing event. Overnight in Asia and now in U.S. markets, investors seem to have digested the varying public statements and come to the conclusion that Trump is intent on weeks or months-long engagement.
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Trump has Putinitis, similar to the first week of Russia's War on Ukraine. If we engage with boots on the ground the negative impact will be amplified astronomically.
 
nycfan said:
Yesterday the Markets seemed to have a built in assumption this would be a few days bombing event. Overnight in Asia and now in U.S. markets, investors seem to have digested the varying public statements and come to the conclusion that Trump is intent on weeks or months-long engagement.
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Well, in the summer we obliterated Iran's nuclear capability with limited strikes so I can understand why the markets might have assumed this would be obliterate Iran's nuclear capability the sequel .

Hopefully, there will not be a Obliterate Iran's Nuclear Capability: Third Time is the Charm
 
lawtig02 said:
There's so goddamn much money now that has nowhere else to go. Europe is a crapshoot. Asia is not realistically possible. I, like most people who post here, are benefiting from it, but the markets now appear to be completely divorced from economic dynamics.
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Yes, the stock market has become a self-licking ice cream cone of index fund 401ks. As long as unemployment is below some threshold amount, stocks will go up completely divorced from economic reality.
 


Gas prices here were already crawling up last few weeks but it definitely jumped this weekend and was up 0.10-0.15 cents/gallon this morning from when I was out last night.
 
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