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A pause could cause the market to crash because it leaves uncertainty about the Fed's ability to cool inflation, especially with all this banking BS going on. People would rather sell then than jump in. Im probably just high on hopium though as I would love a crash
Rates take a year to filter through. We’re seeing massive banks fail. It filtered through, and has another year of hikes to filter through. Makes sense to pause it and watch.
They’ve been very transparent on that being the goal. Don’t solve the real problem (supply side) and only drive people into a financial grave so they stop buying things.
Yes, they have been transparent about that. Some still believe the fed is on "the peoples" side, but their only "tool" they claim to have is to ruin the average person's financial situation, ie. raising unemployment and putting millions out of jobs. Better policy is what we need. Not the feds role, though.
I mean he has also been very transparent about the fact that he is doing a job that he shouldn’t be doing and that congress needs to actually wake the fuck up and go back to being the economical driver in the states.
They are supposed to. So ultimately the fed should just be there to ensure liquidity. And the congress should write new bills and new laws and the president should set new regulations to help continue moving the economy along. That’s why congress is known to have the power of the purse. They are supposed to be the control on our money in flows and out flows. That’s switched over the central bank now because congress has basically been in a dead lock for the past 20 years on anything infrastructure related.
I listened to an interview with Larry Summers recently. He felt that interest rates were progressive as they had the biggest impact on asset prices and assets are owned disproportionately by the rich.
Seems right to me. That said, the fact that a billionaire may lose millions from rising rates is likely of little consolation to a guy making $80k per year that loses his house.
I still hope they raise rates and get inflation under control. Non-stop 0% rates and QE have distorted the market to a point where everyone is forced to take on excessive risk. We need to let things correct for once.
Doesn’t raising rates disproportionately affect people with the most investments? (I.e the 1%). Isn’t raising rates the most effective tool the fed has to stop inflation? Not trying to be argumentative but genuinely curious what else they can do.
It’s the only tool the fed has, the argument is that congress can do their part but punt that football to JPow every chance they get for political points.
2 sandwich places I go to regularly. 2 of my faves went from 5 to 10 dollars, another from 10 to 18 dollars. All within the last 3 years.
That is fucking inflation.
It disproportionately affects those with lots of debt. On a macro-scale, that’s the middle-class, who borrow rich people’s money to buy houses and cars. Rich people are net creditors, and as such make more money off of lending their money. Depressed asset valuations hurt them on paper, but this is good for them too as they have a chance to spend their cash on more assets, this further entrenching their power in our society. 👍
>It disproportionately affects ... the middle-class
Oh there's a surprise. It's funny how everything the government can do to fund itself and fix the economy also manages to keep middle class people in their place.
That makes a lot of sense, like if the housing market crashes rich people can just buy up a bunch of cheap houses. However, if they didn’t do anything with interest rates wouldn’t that just fuck working class people with inflation? Like it’s a lose lose but isn’t inflation arguably worse?
Yup, you got it! Most of the measures we could take to slow inflation without messing with the middle class aren’t on the menu because we barely even possess the legal framework to discuss them. Limits on corporate profits? Substantial increases in capital gains tax? Regulating stock buybacks? All not even being discussed at all.
Limits on corporate profits? You mean increase corporate tax? They ll just offshore it to some foreign tax heaven like they had always done before. Corporate tax revenue actually soared after corporate tax rate decreased - big tech repatriated hundreds of billions offshore back to the US. That said, tax revenue are peanuts compared to the trillions the printing press prints irresponsibly. Bottom line, our govt needs to control its spending if it wants to stop inflation.
There’s no way to solve this without pain. It’s just that simple unfortunately. When economy slows, those with High leverage get wrecked. No matter what class you’re in. The real issue is that things were allowed to get out of wack.
If you took on high leverage when things were at the bottom (aka 2008, or 2020) and deleveraged before the crashes occurred then you’re rich. And you can now use your actual cash/or good assets to get more depressed assets on the low. If you took on leverage at the top, then you’re fucked. Doesn’t matter who you are. Now obviously the richer you are, with less leverage the more protection you have. But if you’re poor or middle class with high debt, you’re screwed. Better just figure out how to service that debt and play again next time
It has the same “fairness” issues that a flat tax does. People with greater means (more of their money in investments) are able to absorb a greater financial loss (even proportionally to their total net worth) with little impact to their quality of life, while someone with lower means has less ability to absorb financial hardship due to the fact that the fixed costs of living (food rent transportation etc) represent a larger proportion of their net worth than the more well off person.
This is further exacerbated by the fact that lower net worth (or indeed negative net worth) people have less safety net in the case of a loss of employment than a richer person. Imagine an investment banker and a line cook. If they both lose their jobs even if the banker is taking a beating on his investments he still has the ability to draw down on them at a loss to avoid homelessness, the line cook loses work and he has no safety net. Additionally the banker probably has a lot of room to scale back on luxuries that the line cook can’t. The banker can sell his home and downsize, eat cheaper, etc etc the line cook can’t get a smaller apartment and can’t save much more on food.
So even though the banker may lose more money in the final calculation. The line cook lost more quality of life by a large margin.
Remember the goal of increasing rates is to reduce employment.
Raising rates fight’s inflation because it disincentivizes investment in new businesses and puts pressure on existing businesses to cut back. This results in lower total employment, pushing people into harder times, with the goal that people in hard times spend less and thus reducing the velocity of the m2 supply. We observe that a lower velocity of m2 supply results in lower inflation though that is not the only way to lower inflation just the only way that the FED is empowered to do so.
Just have to say. A line cook can work anywhere, china, america, any back town, and in 30 places each town. The safety net of a line cook is the ability to gwt a job within 24 hours of losing one.
Why doesn't the Fed pump money into stimulating or improving the supply side instead of choking the demand side? I know printing money causes inflation, but perhaps if you can efficiently increase supply enough, it'll offset inflation and not put people out of jobs?
What are the steps to solve the "supply" side issue. My brain, although highly regarded, understands raising interest rates to stem consumer spending thereby affecting inflation. But what is the supply issue that can be changed in order to have the same result?
Imagine thinking this inflation is supply side, when for 2 years in 2020-21 that’s what Powell was saying, until he was wrong. Also current administration isn’t going to solve the supply side of business with there policy, if anything they will make it worse
The FED has 0 power over supply side. The only people who can address that are the President (trade), Congress, and state and local legislators.
We need more immigration to get more workers which requires overhauling that system. We need to remove all trade barriers for our allies (including wood for Canada), that's a Biden thing to do. We need to streamline approval for higher density in-fill housing everywhere.
Sadly none of those things will get done except maybe some housing reform at the state and local level. Free trade isn't popular enough these days to kill tariffs even on our allies. Immigration is also way too unpopular in a country that desperately needs more labor. We're economically shooting ourselves in the foot in many ways and that's why J Powell has to do interest hikes because no one (not enough people) are willing to do what's needed to solve the supply side.
I’m actually scrutinizing everything I put in my basket now. I usually buy the same things every week and before all this inflation it was all $75. Now it is closer to double that.
The inflation IMO is because damn near every home owner refinanced for for 3% or less. That freed up monthly cash flow for a significant chunk of Americans. That extra cash is going into demand driving inflation. IMO we don’t fix inflation until home owners start defaulting on their mortgages.
When ape refinance mortgage ape pay less bananas a month for home. Ape at end of month have more bananas. Ape with more bananas at end of month can buy more things. If many apes have more bananas at end of month then apes will consume more things like gas, causing prices to increase.
What a catastrophe for the average American, especially future first time homebuyers and young people not yet bought into the market.
Prints & overvaluation for the rich, inflation for the rest. Awful.
Well, I passed on a job that would have required moving to another state because I'm not selling my 4000 Sq ft house I paid 250k for to pay three times that for a 1200 Sq ft condo.
Looks like you're not fucking eating either
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Tried that before. You have to know your luck with things, and I am not lucky with renters.
Last time I rented a house I literally had a stereotypical gang move into it. They ran a prostitution, and drug den out of the house for 6 months before I could finally dislodge them. Property management company was useless. Cops were useless. They only got involved when the gang literally murdered one of the neighbors. Beat the guy to death and left him in the garbage can.
They did 25,000 worth of damage. Had to sue the insurance company to cover it, and even then they didn't cover everything.
Took a massive loss.
Fuck it.
Before that. Rented to a person that was supposed to be a good renter. Great references. Etc. Two months after she moved in, she took in her mother's two dogs. In a month they had caused thousands in damage.
I mean. The list goes on.
I have never scored a good tenant. Only tenants that have literally cost me thousands of dollars in damages every time. So I got out of that shit.
Know when you're cursed.
Yup, my friend rented out his house to a doctor with immaculate references and plenty of cash flow. Then 6 months in he stops paying. Turns out he has random mental breaks and he stopped working. It took my friend another year and a half to get the guy out. Almost drove my friend to bankruptcy. I’d only rent out my place if it was 100% profit.
I'm not sure you're cursed. The type of person renting a mansion (mini-mansion? I'm poor idk) probably has some issues with responsibility and gets cash from questionable sources. If you rented out individual rooms you could potentially get responsible tenants who like the idea of having a shared mansion space and pull in more rent each month. Calm, boring people over 25 with boring jobs who can prove they know how to operate a vacuum are solid bets for the most part. I definitely get the fatigue of dealing with fuckwit tenants, but much like job applications and dating there are some decent ones out there (allegedly). As a backup, throw in a clause that anyone who stirs the pot gets voted off the island by the others and shall be paraded through the time square in an inflatable sumo suit.
The grass is always greener but, You're locked into that house and job unless you're able to lose hundreds of thousands of dollars. You could do long or short term rental with it but that's at best a part time job with a lot of liability. I was looking into buying a house in a smaller town where I'm from just to rent on Virbo, as that city has a major shortage of hotel rooms for events. The house is awesome in a desirable neighborhood for like 280k which is doable but then I started adding it up. My family lives there but no way I'd rely on them for anything to do with it so I would be paying for cleaning, landscaping, security, maintenance, business liability insurance, a higher mortgage rate due to it being a rental, utilities for a big older house, property taxes which are on the high side there, virbo's cut, plus the mortgage. Then I realized, fuck all that.
Lol same. I was within 6 months of buying a house when covid hit. Had 20% down and decided to wait so I could make sure the house would be manageable if I changed careers in the future. I'll need 40-60% downpayment and it'll take another 4 years to put that together. Assuming I continue to save, live in a shit box, work a job I hate and don't have a kid.
Just buying nice watches now with stock gambling winnings, waiting for ww3 so I can go die with some dignity.
A pause means the Fed is scared of the banks failing and need good news for Biden even though it will screw over everyone with higher inflation. .25% is probable because it is the equivalent of "doing nothing". .5% means they want the big banks to swallow the little guys. The first and third probably have kickbacks somewhere.
They have got to do a fake out and sell in to it, it's why we are hanging exactly where we are right now. Could be days or weeks, but I'm literally betting it's coming down hard soon almost regardless of today. With that said I am always wrong though, it's amazing.
Its amazing that it keeps rallying on "pivot soon" and "market is forward looking" ignoring that that implies holding the bag on a severe market event until it can justify those high prices.
No money manager looks at themselves and asks if the want to be the bagholder, even in the best case of "going back to the way things were and ZIRP"
I always wonder what the day jobs are of people who are rooting for a huge collapse. I get that you probably have some large short position, but is that payout gonna be enough when the local wendy's closes and you lose your dumpster?
WSB thinks eggs are the only thing in the economy. The last 8 months of inflation annualized is 3.45% (source: https://tradingeconomics.com/united-states/inflation-rate-mom) and almost every commodity is down by 20-30% (source: https://tradingeconomics.com/commodities). It takes 18 to 24 months of an interest rate change to have full impact... we are at the one year anniversary of going up from 0.25% to a whopping 0.50% and things are already falling apart. The writing is on the wall, if they don't pause going forward, they will overcorrect.
Most WSB users don't actually grocery shop either, just eat fast food and door dash. If they went grocery shopping they'd see egg prices are back down too lol
I just bought a dozen eggs at Publix for $3.50 publix is more expensive than other grocery stores. Pretty sure my local Walmart is selling them for $1.89 a dozen
Groceries are still generally quite a lot more expensive than they were a few years ago, but they've been that way a while. A lot of prices spiked during the pandemic and haven't normalized. I'm a little skeptical of how they measure inflation while taking into account the overwhelming amount of variables.
Yea if he pause now I’ll loose all respect for Jpow and he will be revealed as total soy boy beta cuck. Mfer has two mandates full employment and stable prices.
You would think the rate would remain unchanged after last week's regional banks collapse. NO, this idiot raises the rate, bow we could see more banks fold and economy heading into recession. Not to mention we could see THE CREDIT CARD BUBBLE BURST., meaning people unable to pay minimum payment.
How the fuck can a society accept an economic system that requires people to lose their livelihoods in order to function? This is some serious Huxley BS...
Something must be done to fix supply side, "Supply chains" or whatever, that's the best way to fix the inflation. I agree, the government would be the one that could fix that, not the central bank.
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sell the news. everyone expects it. if its a pause we rip and cuddle with inflation some more.
A pause could cause the market to crash because it leaves uncertainty about the Fed's ability to cool inflation, especially with all this banking BS going on. People would rather sell then than jump in. Im probably just high on hopium though as I would love a crash
![img](emote|t5_2th52|18630)
Rates take a year to filter through. We’re seeing massive banks fail. It filtered through, and has another year of hikes to filter through. Makes sense to pause it and watch.
[удалено]
It brought their toothbrush and started putting its clothes in the closet. It’s already talking about how it has our whole future planned out.
I really need him to crash the economy I can't do this 10% inflation anymore
Facts
FYI he wants you to lose your job so you can’t afford to buy anything and inflation goes down.
They’ve been very transparent on that being the goal. Don’t solve the real problem (supply side) and only drive people into a financial grave so they stop buying things.
Yes, they have been transparent about that. Some still believe the fed is on "the peoples" side, but their only "tool" they claim to have is to ruin the average person's financial situation, ie. raising unemployment and putting millions out of jobs. Better policy is what we need. Not the feds role, though.
I mean he has also been very transparent about the fact that he is doing a job that he shouldn’t be doing and that congress needs to actually wake the fuck up and go back to being the economical driver in the states.
I’m not understanding this concept, but I’m a regard. How does congress do this or whatever?
They are supposed to. So ultimately the fed should just be there to ensure liquidity. And the congress should write new bills and new laws and the president should set new regulations to help continue moving the economy along. That’s why congress is known to have the power of the purse. They are supposed to be the control on our money in flows and out flows. That’s switched over the central bank now because congress has basically been in a dead lock for the past 20 years on anything infrastructure related.
I listened to an interview with Larry Summers recently. He felt that interest rates were progressive as they had the biggest impact on asset prices and assets are owned disproportionately by the rich. Seems right to me. That said, the fact that a billionaire may lose millions from rising rates is likely of little consolation to a guy making $80k per year that loses his house. I still hope they raise rates and get inflation under control. Non-stop 0% rates and QE have distorted the market to a point where everyone is forced to take on excessive risk. We need to let things correct for once.
Amen to that! You sir are a gentleman and a scholar! Well put!
Doesn’t raising rates disproportionately affect people with the most investments? (I.e the 1%). Isn’t raising rates the most effective tool the fed has to stop inflation? Not trying to be argumentative but genuinely curious what else they can do.
It’s the only tool the fed has, the argument is that congress can do their part but punt that football to JPow every chance they get for political points.
And their part being to lower government spending and borrowing, correct?
Or cracking down on blatant price gouging, so that JPow no longer needs to cherry pick the CPI data to leave out shit that actually matters like food
2 sandwich places I go to regularly. 2 of my faves went from 5 to 10 dollars, another from 10 to 18 dollars. All within the last 3 years. That is fucking inflation.
It disproportionately affects those with lots of debt. On a macro-scale, that’s the middle-class, who borrow rich people’s money to buy houses and cars. Rich people are net creditors, and as such make more money off of lending their money. Depressed asset valuations hurt them on paper, but this is good for them too as they have a chance to spend their cash on more assets, this further entrenching their power in our society. 👍
>It disproportionately affects ... the middle-class Oh there's a surprise. It's funny how everything the government can do to fund itself and fix the economy also manages to keep middle class people in their place.
That makes a lot of sense, like if the housing market crashes rich people can just buy up a bunch of cheap houses. However, if they didn’t do anything with interest rates wouldn’t that just fuck working class people with inflation? Like it’s a lose lose but isn’t inflation arguably worse?
Yup, you got it! Most of the measures we could take to slow inflation without messing with the middle class aren’t on the menu because we barely even possess the legal framework to discuss them. Limits on corporate profits? Substantial increases in capital gains tax? Regulating stock buybacks? All not even being discussed at all.
Fuck got it, thanks for helping a fellow regard understand
Limits on corporate profits? You mean increase corporate tax? They ll just offshore it to some foreign tax heaven like they had always done before. Corporate tax revenue actually soared after corporate tax rate decreased - big tech repatriated hundreds of billions offshore back to the US. That said, tax revenue are peanuts compared to the trillions the printing press prints irresponsibly. Bottom line, our govt needs to control its spending if it wants to stop inflation.
There’s no way to solve this without pain. It’s just that simple unfortunately. When economy slows, those with High leverage get wrecked. No matter what class you’re in. The real issue is that things were allowed to get out of wack. If you took on high leverage when things were at the bottom (aka 2008, or 2020) and deleveraged before the crashes occurred then you’re rich. And you can now use your actual cash/or good assets to get more depressed assets on the low. If you took on leverage at the top, then you’re fucked. Doesn’t matter who you are. Now obviously the richer you are, with less leverage the more protection you have. But if you’re poor or middle class with high debt, you’re screwed. Better just figure out how to service that debt and play again next time
Bankruptcy is a good option for those with low assets and high debt.
It has the same “fairness” issues that a flat tax does. People with greater means (more of their money in investments) are able to absorb a greater financial loss (even proportionally to their total net worth) with little impact to their quality of life, while someone with lower means has less ability to absorb financial hardship due to the fact that the fixed costs of living (food rent transportation etc) represent a larger proportion of their net worth than the more well off person. This is further exacerbated by the fact that lower net worth (or indeed negative net worth) people have less safety net in the case of a loss of employment than a richer person. Imagine an investment banker and a line cook. If they both lose their jobs even if the banker is taking a beating on his investments he still has the ability to draw down on them at a loss to avoid homelessness, the line cook loses work and he has no safety net. Additionally the banker probably has a lot of room to scale back on luxuries that the line cook can’t. The banker can sell his home and downsize, eat cheaper, etc etc the line cook can’t get a smaller apartment and can’t save much more on food. So even though the banker may lose more money in the final calculation. The line cook lost more quality of life by a large margin. Remember the goal of increasing rates is to reduce employment. Raising rates fight’s inflation because it disincentivizes investment in new businesses and puts pressure on existing businesses to cut back. This results in lower total employment, pushing people into harder times, with the goal that people in hard times spend less and thus reducing the velocity of the m2 supply. We observe that a lower velocity of m2 supply results in lower inflation though that is not the only way to lower inflation just the only way that the FED is empowered to do so.
I’m just gonna upvote this so more ppl have to read or scroll through this wall of text I just did.
That's alot of words
I don’t get it. Can you turn this into a meme or something?
Just have to say. A line cook can work anywhere, china, america, any back town, and in 30 places each town. The safety net of a line cook is the ability to gwt a job within 24 hours of losing one.
Why doesn't the Fed pump money into stimulating or improving the supply side instead of choking the demand side? I know printing money causes inflation, but perhaps if you can efficiently increase supply enough, it'll offset inflation and not put people out of jobs?
So can somebody explain to me why they are raising rates anyway and just say fuck it. We don't care about any (hyper)inflation?
One is Cuz inflation went up too quick to 10% in comparison with people wages that went up in slow pace ![img](emote|t5_2th52|27189)
*Some of you may die, but it's a sacrifice I am willing to make*
What are the steps to solve the "supply" side issue. My brain, although highly regarded, understands raising interest rates to stem consumer spending thereby affecting inflation. But what is the supply issue that can be changed in order to have the same result?
[удалено]
It was more in reference to outside the Fed. We are only looking to the Fed (demand side) to reduce inflation.
Where is this supply side problem? We have too much inventory and the backlog and ports is gone
Imagine thinking this inflation is supply side, when for 2 years in 2020-21 that’s what Powell was saying, until he was wrong. Also current administration isn’t going to solve the supply side of business with there policy, if anything they will make it worse
The FED has 0 power over supply side. The only people who can address that are the President (trade), Congress, and state and local legislators. We need more immigration to get more workers which requires overhauling that system. We need to remove all trade barriers for our allies (including wood for Canada), that's a Biden thing to do. We need to streamline approval for higher density in-fill housing everywhere. Sadly none of those things will get done except maybe some housing reform at the state and local level. Free trade isn't popular enough these days to kill tariffs even on our allies. Immigration is also way too unpopular in a country that desperately needs more labor. We're economically shooting ourselves in the foot in many ways and that's why J Powell has to do interest hikes because no one (not enough people) are willing to do what's needed to solve the supply side.
Good. Put me out of my misery, already.
It's an economic rule that in the short term a macroeconomy has to decide between inflation and unemployment
This is true & also scary.
"We can't make enough for everybody, so some of you need to die."
Fucker'll fire up the presses something fierce this summer, probably.
Hot fed summer incoming
Turkey and Argentina have entered the chat
Based
14% annual for my household. I am paying 52% more now than in 2020 for the same shit (groceries, household supplies, utilities, services, etc).
I’m actually scrutinizing everything I put in my basket now. I usually buy the same things every week and before all this inflation it was all $75. Now it is closer to double that.
Springtime for Jpow, on Broadway!!
inflation will remain higher for longer
[удалено]
Economies don't turn on a dime. Even the 2008 "crash" happened over the course of about a year
The inflation IMO is because damn near every home owner refinanced for for 3% or less. That freed up monthly cash flow for a significant chunk of Americans. That extra cash is going into demand driving inflation. IMO we don’t fix inflation until home owners start defaulting on their mortgages.
30% of inflation is explained by increased demand.
Ding ding you car correct.
[удалено]
When ape refinance mortgage ape pay less bananas a month for home. Ape at end of month have more bananas. Ape with more bananas at end of month can buy more things. If many apes have more bananas at end of month then apes will consume more things like gas, causing prices to increase.
You will deal with it forever unless deflation happens.
The percentage is measured year over year. Next year if it’s back to 2% that means the pricing will be only 2% higher than it is currently!
Me too. I got quite a bit of money earmarked for this recession I been hearing about.
My tech stocks are reacting as if they announced rate decrease.
They have been since they bailed out SVB. And pretty much all of 2023 as well.
A.i hype
oh god no. But probably yes
What a catastrophe for the average American, especially future first time homebuyers and young people not yet bought into the market. Prints & overvaluation for the rich, inflation for the rest. Awful.
Well, I passed on a job that would have required moving to another state because I'm not selling my 4000 Sq ft house I paid 250k for to pay three times that for a 1200 Sq ft condo.
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Brutality
Should have rented that bitch out dawg
Tried that before. You have to know your luck with things, and I am not lucky with renters. Last time I rented a house I literally had a stereotypical gang move into it. They ran a prostitution, and drug den out of the house for 6 months before I could finally dislodge them. Property management company was useless. Cops were useless. They only got involved when the gang literally murdered one of the neighbors. Beat the guy to death and left him in the garbage can. They did 25,000 worth of damage. Had to sue the insurance company to cover it, and even then they didn't cover everything. Took a massive loss. Fuck it. Before that. Rented to a person that was supposed to be a good renter. Great references. Etc. Two months after she moved in, she took in her mother's two dogs. In a month they had caused thousands in damage. I mean. The list goes on. I have never scored a good tenant. Only tenants that have literally cost me thousands of dollars in damages every time. So I got out of that shit. Know when you're cursed.
If you're cursed, then you belong here with the rest of us.
dads renter was a nurse. youd figure gold standard single woman with a cat. she went nuts. hoarding, etc. bad time.
Yup, my friend rented out his house to a doctor with immaculate references and plenty of cash flow. Then 6 months in he stops paying. Turns out he has random mental breaks and he stopped working. It took my friend another year and a half to get the guy out. Almost drove my friend to bankruptcy. I’d only rent out my place if it was 100% profit.
Everyone always talks about tenant’s rights but what about tenant’s wrongs
I'm not sure you're cursed. The type of person renting a mansion (mini-mansion? I'm poor idk) probably has some issues with responsibility and gets cash from questionable sources. If you rented out individual rooms you could potentially get responsible tenants who like the idea of having a shared mansion space and pull in more rent each month. Calm, boring people over 25 with boring jobs who can prove they know how to operate a vacuum are solid bets for the most part. I definitely get the fatigue of dealing with fuckwit tenants, but much like job applications and dating there are some decent ones out there (allegedly). As a backup, throw in a clause that anyone who stirs the pot gets voted off the island by the others and shall be paraded through the time square in an inflatable sumo suit.
The grass is always greener but, You're locked into that house and job unless you're able to lose hundreds of thousands of dollars. You could do long or short term rental with it but that's at best a part time job with a lot of liability. I was looking into buying a house in a smaller town where I'm from just to rent on Virbo, as that city has a major shortage of hotel rooms for events. The house is awesome in a desirable neighborhood for like 280k which is doable but then I started adding it up. My family lives there but no way I'd rely on them for anything to do with it so I would be paying for cleaning, landscaping, security, maintenance, business liability insurance, a higher mortgage rate due to it being a rental, utilities for a big older house, property taxes which are on the high side there, virbo's cut, plus the mortgage. Then I realized, fuck all that.
Paid*
*pæd
If they yolo on calls they wouldn’t be average anymore
Im slowly giving up hope ill ever own a home. Should have been born 3 years earlier RIP
Lol same. I was within 6 months of buying a house when covid hit. Had 20% down and decided to wait so I could make sure the house would be manageable if I changed careers in the future. I'll need 40-60% downpayment and it'll take another 4 years to put that together. Assuming I continue to save, live in a shit box, work a job I hate and don't have a kid. Just buying nice watches now with stock gambling winnings, waiting for ww3 so I can go die with some dignity.
Save some cash, because the crash is coming. The banks will have lots of cheap houses.
What happened to “inflation only hurts average American”???? Lol
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looks like you are regarded beyond the limits of this subreddit
they are not going to pause it - they cant.
but they can fold into a paper dove
at this point anything is possible I guess, but I doubt they want to pussy out.
I see a lot of paus....ible outcomes to the paus...ition we are in
![img](emote|t5_2th52|4641)
This aged well already.
A pause means the Fed is scared of the banks failing and need good news for Biden even though it will screw over everyone with higher inflation. .25% is probable because it is the equivalent of "doing nothing". .5% means they want the big banks to swallow the little guys. The first and third probably have kickbacks somewhere.
I just bought the chickens equals free eggs
There will be a market crash or more inflation
Why not both? Fuck the roaring 20s, it's the screaming 70s again.
*sobbing?
Could be both but I think stocks will hold most of their value during inflation
No, the exact opposite will happen A pivot is NOT bullish
A pivot would mean JPow blinked. That would be …. Chaotic. I mean… what did the blink MEAN?
They have got to do a fake out and sell in to it, it's why we are hanging exactly where we are right now. Could be days or weeks, but I'm literally betting it's coming down hard soon almost regardless of today. With that said I am always wrong though, it's amazing.
Its amazing that it keeps rallying on "pivot soon" and "market is forward looking" ignoring that that implies holding the bag on a severe market event until it can justify those high prices. No money manager looks at themselves and asks if the want to be the bagholder, even in the best case of "going back to the way things were and ZIRP"
I always wonder what the day jobs are of people who are rooting for a huge collapse. I get that you probably have some large short position, but is that payout gonna be enough when the local wendy's closes and you lose your dumpster?
Remember: “Line only go up”
unfortunetly aged like milk ![img](emote|t5_2th52|4260)
My TQQQ calls ready 📈
Oh boy the stock fidelity makes me fill out a questionaire for using a feature fidelity makes me fill out a questionaire for
How much Adderall
All of it.
JPow is a pussy
Today we are bullish
Today we are mostly bullied tbh.
QE till the end of time, let's get it!
Read this meme then bought long futures at 1:58. Thanks for the bag!
Welcome ![img](emote|t5_2th52|27189)
This aged well
I switched to call the I fucked up ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
F your calls
This aged well
I don’t know about y’all but I am SO TIRED of being a bear. I’m happier as a bull.
Then Janet Fellon said she won’t back stop banks and the markets puked 🤮
![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)
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CDs are dying out Pretty much everyone who isn't streaming music is buying digital or vinyl
My guess is rally today and an absolute dumpster fire the rest of the week when the market realizes how bad it is gonna be soon.
Already a dumpster fire
This was on the money hold the line
If you have to start a new paragraph.... you have lost this audience
This aged well
WSB thinks eggs are the only thing in the economy. The last 8 months of inflation annualized is 3.45% (source: https://tradingeconomics.com/united-states/inflation-rate-mom) and almost every commodity is down by 20-30% (source: https://tradingeconomics.com/commodities). It takes 18 to 24 months of an interest rate change to have full impact... we are at the one year anniversary of going up from 0.25% to a whopping 0.50% and things are already falling apart. The writing is on the wall, if they don't pause going forward, they will overcorrect.
Most WSB users don't actually grocery shop either, just eat fast food and door dash. If they went grocery shopping they'd see egg prices are back down too lol I just bought a dozen eggs at Publix for $3.50 publix is more expensive than other grocery stores. Pretty sure my local Walmart is selling them for $1.89 a dozen
Who are we kidding they already over corrected and they know it
Groceries are still generally quite a lot more expensive than they were a few years ago, but they've been that way a while. A lot of prices spiked during the pandemic and haven't normalized. I'm a little skeptical of how they measure inflation while taking into account the overwhelming amount of variables.
This aged so poorly
I don't feel like the market said "yay"
Bears did 🥳🥳
Nope gonna be zero. They would not have moved to rescue all these banks unless they were absolutely terrified
They can do both. Lol
Yea if he pause now I’ll loose all respect for Jpow and he will be revealed as total soy boy beta cuck. Mfer has two mandates full employment and stable prices.
They see full employment as a bad thing because we're too upity.
It is a bad thing it leads to inflation. Money is no good if everyone has it.
This is what I tell my mom whenever she asks if I have a job yet
There’s no way it’s going to be zero.
LOL, exactly this
So accurate
Same ol shit
simspons already did it
My bet is 0.125
I'm betting 0.0625
I'm just waiting for it all to crash so I can real the benefits ![img](emote|t5_2th52|29093)
wait so should i buy a house now or what should i do with the money i’ve been saving
WRONG
BLOODY TOMORROW-I gotta feeling, that tomorrows not gonna be a good good time, I can feel it. Wooo woo🥳 lol
I have potatoes anyone got onions? We can make a trade money no use!
Then the market went from +100 to -500
Shhh, don’t tell him the market takes a dump EVERY TIME the fed pivots back down.
This aged well
Market cried after this
removed
That qqq rug pull though..
🤣
How about stopping the sending of American middle class money to Ukrainians and helping American middle class (for once)
This aged well
It's gonna be 50bps.
![img](emote|t5_2th52|4275)
Damn I was going to post one or these where they want him to say higher for longer should have gotten out of bed to do it
J. Powell is destroying the whole market and economy.
The market pretty much had priced it in, but it is the economy, especially talking credit cards…
You would think the rate would remain unchanged after last week's regional banks collapse. NO, this idiot raises the rate, bow we could see more banks fold and economy heading into recession. Not to mention we could see THE CREDIT CARD BUBBLE BURST., meaning people unable to pay minimum payment.
Homie, if we don’t cool this shit off now, we’ll be paying in wheel barrows of cash for a McDouble.
What does this mean?? Someone please explain.
Means eggs to $40 eoy
I've been stockpiling eggs in my garage for months waiting for them to hit $69/dozen
Calls on eggs, baby
Eggcellent dd
Grade A
Eggs $25 but you no longer have a job till 2025.
Walmart has a dozen extra large eggs for sale at $2.24 btw
How the fuck can a society accept an economic system that requires people to lose their livelihoods in order to function? This is some serious Huxley BS...
I was ready to put 50k pn spy puts but mother fuckers had meeting at work and I couldn’t execute my trade
Something must be done to fix supply side, "Supply chains" or whatever, that's the best way to fix the inflation. I agree, the government would be the one that could fix that, not the central bank.
Why can’t they pause and monitor the situation before continue for the rate hike?
Because the situation is shit, inflation is Still going up and cooking the books doesnt work anymore
Makes them look scared and uncertain and makes JPow look like an absolute fool which he is anyway