A place to discuss all things ADM
06-20-2022, 06:31 PM
#1576
In fact, it's aging about as well as that $100,000 ADM on the GT3 at Loeber Motors that just sold for $30,000 over last week.
And FWIW, growth stocks/funds peaked in February of 2021. Your post is ridiculous.
ARKK is down 75% since.
Last edited by Diablo Dude; 06-20-2022 at 06:36 PM.
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Freddie Two Bs (06-20-2022)
06-20-2022, 06:36 PM
#1577
Rennlist Member
Personally could care less what the markets do at 33yo.
I’ll check back in 2050
I’ll check back in 2050
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06-20-2022, 06:47 PM
#1578
Burning Brakes
The media’s recession alarmism seems to be rubbing off on some RLers. The stock indexes and even BTC are all up 10-20% since as early as 2 years ago, so unless you invested everything since Joe took office or you are heavy in a handful of bad performing stocks you are just seeing what was inevitable, a bubble pop.
what I don’t understand is why the Fed thinks increasing rates is the way to stop inflation since the 3 core inflation drivers (cost of energy, cost of labor, and supply chain) are not dependent on interest rates.
what I don’t understand is why the Fed thinks increasing rates is the way to stop inflation since the 3 core inflation drivers (cost of energy, cost of labor, and supply chain) are not dependent on interest rates.
06-20-2022, 06:51 PM
#1579
Burning Brakes
This post from mid-May sure isnt aging well.
In fact, it's aging about as well as that $100,000 ADM on the GT3 at Loeber Motors that just sold for $30,000 over last week.
And FWIW, growth stocks/funds peaked in February of 2021. Your post is ridiculous.
ARKK is down 75% since.
In fact, it's aging about as well as that $100,000 ADM on the GT3 at Loeber Motors that just sold for $30,000 over last week.
And FWIW, growth stocks/funds peaked in February of 2021. Your post is ridiculous.
ARKK is down 75% since.
my neighbor just paid $20k ADm for an Escalade. Closest dealer just sold a GT3 allocation for $125k over. Not everyone freaks out and pees their pants when a bubble pops
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AlexCeres (06-20-2022)
06-20-2022, 07:44 PM
#1580
The media’s recession alarmism seems to be rubbing off on some RLers. The stock indexes and even BTC are all up 10-20% since as early as 2 years ago, so unless you invested everything since Joe took office or you are heavy in a handful of bad performing stocks you are just seeing what was inevitable, a bubble pop.
what I don’t understand is why the Fed thinks increasing rates is the way to stop inflation since the 3 core inflation drivers (cost of energy, cost of labor, and supply chain) are not dependent on interest rates.
what I don’t understand is why the Fed thinks increasing rates is the way to stop inflation since the 3 core inflation drivers (cost of energy, cost of labor, and supply chain) are not dependent on interest rates.
But the overall economic fundamentals are pretty strong and oil prices are being held artificially high.
06-20-2022, 07:57 PM
#1581
The media’s recession alarmism seems to be rubbing off on some RLers. The stock indexes and even BTC are all up 10-20% since as early as 2 years ago, so unless you invested everything since Joe took office or you are heavy in a handful of bad performing stocks you are just seeing what was inevitable, a bubble pop.
what I don’t understand is why the Fed thinks increasing rates is the way to stop inflation since the 3 core inflation drivers (cost of energy, cost of labor, and supply chain) are not dependent on interest rates.
what I don’t understand is why the Fed thinks increasing rates is the way to stop inflation since the 3 core inflation drivers (cost of energy, cost of labor, and supply chain) are not dependent on interest rates.
That's not a real good indication of what has happened since people rotated out of growth stocks and into stodgy "value" names when the economy reopened.
Moreover, it's important to understand that nearly $900 BILLION came into exchange traded and long-only funds in 2021. That's more than the last two decades combined.
More Cash Invested in Stock in 2021 Than Two Decades Combined - Bloomberg
06-20-2022, 08:12 PM
#1582
But at the end of the day they have a credibility problem given how far behind the curve they've been and how they've completely misjudged inflation.
They ignored inflation coming back, were obsessed with the rate of unemployment, and simply passed off inflation as "transitory".
The FED has to create a negative "wealth" effect in order to achieve the demand destruction needed to bring down the core CPI (or the PCE which is what they focus on)
Housing is 40% of the economy, so doubling mortgage rates in only six months will definitely have an impact, not too mention on many commodity prices that go into building homes.
In fact, late last week copper futures broke a key support level at $4.00 - - - Never mind the stock market collapsing and registering the worst week since March of 2020.
The FED grew M2 Money Supply by an unprecedented 40% since March of 2020.
Literally $6.3 Trillion.
And now they are pulling the "punch" bowl away. By the time they figure out that the economy is tanking, it will be too late.
Never mind that they are increasing rates while simultaneously selling off assets from their balance sheet; something that they have never done before and have zero experience with.
The Administration likes to tout the low unemployment rate at 3.6%, but anyone with half a brain knows full well that that metric is a lagging indicator.
There's a good read in this weekend's Barron's from economist Larry Summers regarding monetary policy and the FED.
Page 28.
Last edited by Diablo Dude; 06-20-2022 at 08:27 PM.
06-20-2022, 08:31 PM
#1583
06-20-2022, 08:33 PM
#1584
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Diablo Dude (06-20-2022)
06-20-2022, 08:36 PM
#1585
Burning Brakes
That’s the Fed’s intention, yes, my point is it’s asinine policy. You gotta fix the root cause issue meaning Drill Baby Drill… but Joe won’t because he’s a greenie
06-20-2022, 08:38 PM
#1586
Burning Brakes
I would suggest that you stop looking at just the stock-indexes. That's an overly simplistic way of looking at the equity market.
That's not a real good indication of what has happened since people rotated out of growth stocks and into stodgy "value" names when the economy reopened.
Moreover, it's important to understand that nearly $900 BILLION came into exchange traded and long-only funds in 2021. That's more than the last two decades combined.
More Cash Invested in Stock in 2021 Than Two Decades Combined - Bloomberg
That's not a real good indication of what has happened since people rotated out of growth stocks and into stodgy "value" names when the economy reopened.
Moreover, it's important to understand that nearly $900 BILLION came into exchange traded and long-only funds in 2021. That's more than the last two decades combined.
More Cash Invested in Stock in 2021 Than Two Decades Combined - Bloomberg
06-20-2022, 08:42 PM
#1587
Burning Brakes
There are certainly drivers of inflation that are out of the Fed's control.
But at the end of the day they have a credibility problem given how far behind the curve they've been and how they've completely misjudged inflation.
They ignored inflation coming back, were obsessed with the rate of unemployment, and simply passed off inflation as "transitory".
The FED has to create a negative "wealth" effect in order to achieve the demand destruction needed to bring down the core CPI (or the PCE which is what they focus on)
Housing is 40% of the economy, so doubling mortgage rates in only six months will definitely have an impact, not too mention on many commodity prices that go into building homes.
In fact, late last week copper futures broke a key support level at $4.00 - - - Never mind the stock market collapsing and registering the worst week since March of 2020.
The FED grew M2 Money Supply by an unprecedented 40% since March of 2020.
Literally $6.3 Trillion.
And now they are pulling the "punch" bowl away. By the time they figure out that the economy is tanking, it will be too late.
Never mind that they are increasing rates while simultaneously selling off assets from their balance sheet; something that they have never done before and have zero experience with.
The Administration likes to tout the low unemployment rate at 3.6%, but anyone with half a brain knows full well that that metric is a lagging indicator.
There's a good read in this weekend's Barron's from economist Larry Summers regarding monetary policy and the FED.
Page 28.
But at the end of the day they have a credibility problem given how far behind the curve they've been and how they've completely misjudged inflation.
They ignored inflation coming back, were obsessed with the rate of unemployment, and simply passed off inflation as "transitory".
The FED has to create a negative "wealth" effect in order to achieve the demand destruction needed to bring down the core CPI (or the PCE which is what they focus on)
Housing is 40% of the economy, so doubling mortgage rates in only six months will definitely have an impact, not too mention on many commodity prices that go into building homes.
In fact, late last week copper futures broke a key support level at $4.00 - - - Never mind the stock market collapsing and registering the worst week since March of 2020.
The FED grew M2 Money Supply by an unprecedented 40% since March of 2020.
Literally $6.3 Trillion.
And now they are pulling the "punch" bowl away. By the time they figure out that the economy is tanking, it will be too late.
Never mind that they are increasing rates while simultaneously selling off assets from their balance sheet; something that they have never done before and have zero experience with.
The Administration likes to tout the low unemployment rate at 3.6%, but anyone with half a brain knows full well that that metric is a lagging indicator.
There's a good read in this weekend's Barron's from economist Larry Summers regarding monetary policy and the FED.
Page 28.
06-20-2022, 08:43 PM
#1588
Burning Brakes
06-20-2022, 09:14 PM
#1589
Never mind that the business model of the fracking industry has changed over the years after running up over $200 Billion of red ink since 2010.
This Week In Petroleum Crude Oil Section - U.S. Energy Information Administration (EIA)
Last edited by Diablo Dude; 06-20-2022 at 09:30 PM.
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06-20-2022, 09:16 PM
#1590
All things ADM? I guess "All things" is now the focus...