Inflation heats up, stocks tumble

Discussion in 'Politics' started by Magoo, Feb 14, 2018.

  1. Magoo

    Magoo You don't have to be Einstein to figure it out

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    https://finance.yahoo.com/news/inflation-heats-stocks-tumble-134723028.html
    Consumer prices rose more than expected in January, sending Treasury yields higher and stock futures lower on Wednesday morning.

    Markets on Wednesday were taking this as a sign that inflation pressures may indeed be perking up in the economy, re-kindling market worries that surfaced earlier this month about an overheating economy. Fears over inflation pressures, and in turn more aggressive interest rate hikes from the Federal Reserve, was seen as the initial impetus for the stock market sell-off that roiled markets last week.
     
  2. Rastus

    Rastus ..MAGA.. AD-FREE USER

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    DJIA opened Jan 02, 2018 at 24,719.22, Dow “Joans” right now is 24,700.
    Time to head for the nearest ledge investors.
     
  3. Magoo

    Magoo You don't have to be Einstein to figure it out

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    A small item on the news the other day was a mention that the default rate on home mortgages is increasing.
    Don't know how significant this may be or if we are ignoring the elephant in the room.
    Could be something to look at
     
  4. Rastus

    Rastus ..MAGA.. AD-FREE USER

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    Stock market is above where it was on Jan.1 2018.
     
  5. Bubba74

    Bubba74 Well-Known Member

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    with low unemployment, the demand for workers will cause wages to rise
    when the expense of workers rise the cost of goods goes up
    thus you get a little inflation
    this is how a market works
    vs
    we want $15 and you will give it to us
    what we have been replaced by the BurgerMaster 3000
     
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  6. a9faninnc

    a9faninnc Super Moderator Staff Member

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    All economic indicators are good.Bammers artificial economy coming to an end.
     
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  7. Rastus

    Rastus ..MAGA.. AD-FREE USER

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    I prefer the burgermaster.
     
  8. SuperCourse

    SuperCourse Well-Known Member

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    [​IMG]
     
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  9. SuperCourse

    SuperCourse Well-Known Member

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  10. Rastus

    Rastus ..MAGA.. AD-FREE USER

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    Bubba74 likes this.
  11. Magoo

    Magoo You don't have to be Einstein to figure it out

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    In 29 of our States Truck Driving is the major employment area.
    Whats to happen when automation takes over?
    You know its coming, maybe you will be retirement age if your 50 -ish now but the younger people are hosed.
     
  12. Magoo

    Magoo You don't have to be Einstein to figure it out

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  13. Northern Flash

    Northern Flash They will make you look foolish.

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    Newsflash:
    The market had another good week. So it's back to Obama's market again.
     

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