The Labor Department's consumer price index rose 6.2% year over year in October, its largest increase since December 1990. Annual core inflation rose at the fastest pace since August 1991.
"Listen, stocks love inflation until the Fed gets serious about it and they have not been serious about it. We will see. They're going to get one more inflation report in December or November before their December 15th meeting. If it is anywhere like it is today, I think the pressure on [Fed Chairman Jerome] Powell will be just enormous to come down much stronger than he has so far."
"I think the Fed is going to have to get serious, but what does that mean? The thing that you have to look out for is when do they raise rates? And we're months away from it, probably at least two quarters, and history says after the Fed starts raising rates, you usually get two years of rallying after that. So I'm really not that worried overall. … I do want to put something out there: I am very much all in. I am riding this horse to the finish line.
TradingNation This is only the beginning the prices will sky rocket more.
FastMoney TradingNation Another misleading image showing gasoline prices probably in California. Gas prices are higher here because of the cleaner burning formulation and higher state gas taxes. Near as I can tell gas prices not much higher now than on the summer.
TradingNation Serious question: If your economic model depends on consumers spending their earnings buying the products, services they produce and you profit from - why would the architects of this system continually advocate giving less disposable income to consumers?
TradingNation 모든 인류가 예수님 보혈이 필요합니다 메시아의_오심이_가깝습니다 HisComingIsNigh
TradingNation Evergrande saved 320 million people and the planet
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