Article

2022-06-13 Economy

The Dow falls 880 points as 'transitory' inflation hits 40-year high

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Posted by Besoeker 2022-06-13 00:00|| || Front Page|| [5 views ] Top

#1 The Fed's naivete or arrogance toward inflation led to the runaway price increases Americans now have to pay, top UK economist says; Consumer Price Index could reach 9 percent, he predicts

Posted by Skidmark 2022-06-13 05:10|| 2022-06-13 05:10|| Front Page Top

#2 futures are down big time today also

Posted by Lord Garth 2022-06-13 06:36|| 2022-06-13 06:36|| Front Page Top

#3 The move would be historic -- the last time the Fed delivered a 75 basis point hike was in November of 1994, nearly three decades ago.

...So that would put the prime about where?

Mike

Posted by MikeKozlowski 2022-06-13 08:12|| 2022-06-13 08:12|| Front Page Top

#4

Anyone else pissed-off to see so many Economists Jan. 2022 inflation warnings going unheeded by the DC Swamp and becoming reality?

All while the DC Swamp is still more interested in playing the Social Race Cards and spending the future revenues for the next 11+ years to promote their agenda, keep power and amass more family wealth.

Posted by NN2N1 2022-06-13 08:40|| 2022-06-13 08:40|| Front Page Top

#5 Federal Prime is, as of early May, 4.00%

a 75 basis increase would put it at 4.75

the 5, 10, and 30 Treasuries are about 3.3%

Posted by Lord Garth 2022-06-13 09:22|| 2022-06-13 09:22|| Front Page Top

#6 new data in

1st Q productivity fell 7.5%
labor costs up 11%
new unemployment claims 200k

all bad numbers

Posted by Lord Garth 2022-06-13 09:54|| 2022-06-13 09:54|| Front Page Top

#7 Dow Jones plummets nearly 900 points in just TWO HOURS and S&P 500 enters bear market territory amid fears aggressive interest rate hikes could spiral economy into recession

Posted by Skidmark 2022-06-13 13:37|| 2022-06-13 13:37|| Front Page Top

#8 Dow Jones plummets nearly 900 points in just TWO HOURS and S&P 500 enters bear market territory amid fears aggressive interest rate hikes could spiral economy into recession

Somebody screwed up — that’s not supposed to happen until after the midterm elections in November.

Posted by trailing wife 2022-06-13 14:51|| 2022-06-13 14:51|| Front Page Top

#9 Brandon and his cadre are leading us right into a depression.

Posted by Besoeker 2022-06-13 14:59|| 2022-06-13 14:59|| Front Page Top

#10 Better to reign in hell than serve in heaven - the motto of the Left

Posted by Procopius2k 2022-06-13 16:00|| 2022-06-13 16:00|| Front Page Top

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