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Post by Admin on Jun 15, 2022 20:35:56 GMT -5
All western currency is crashing. Lou Dobbs hasn't been on in 18 months. Borrow Pud's compass... China and Japan are east.... Russia too .
and higher rates mean a stronger $ ... 75 bps today with another 50-75 coming in July
“From the perspective of today, either a 50 basis point or a 75 basis point increase seems most likely at our next meeting,” Powell said at a news conference following the central bank’s policy decision. “We anticipate that ongoing rate increases will be appropriate.”
“The pace of those changes will continue to depend on incoming data and evolving outlook on the economy,” Powell said. “Clearly, today’s 75 basis point increase is an unusually large one, and I do not expect moves of this size to be common.”
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Post by cole on Jun 15, 2022 20:51:27 GMT -5
Borrow Pud's compass... China and Japan are east.... Russia too .
and higher rates mean a stronger $ ... 75 bps today with another 50-75 coming in July
“From the perspective of today, either a 50 basis point or a 75 basis point increase seems most likely at our next meeting,” Powell said at a news conference following the central bank’s policy decision. “We anticipate that ongoing rate increases will be appropriate.”
“The pace of those changes will continue to depend on incoming data and evolving outlook on the economy,” Powell said. “Clearly, today’s 75 basis point increase is an unusually large one, and I do not expect moves of this size to be common.”
I'm for the rate hike. I'm shocked it's happening The problem is, can the government afford its debt now?
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Post by elvissurfs on Jun 15, 2022 21:30:26 GMT -5
and higher rates mean a stronger $ ... 75 bps today with another 50-75 coming in July
“From the perspective of today, either a 50 basis point or a 75 basis point increase seems most likely at our next meeting,” Powell said at a news conference following the central bank’s policy decision. “We anticipate that ongoing rate increases will be appropriate.”
“The pace of those changes will continue to depend on incoming data and evolving outlook on the economy,” Powell said. “Clearly, today’s 75 basis point increase is an unusually large one, and I do not expect moves of this size to be common.”
I'm for the rate hike. I'm shocked it's happening The problem is, can the government afford its debt now? No idea, but still, nobody wants to work...grocery stores and restaurants still cannot find help...businesses will not pay a living wage...inflation out of control...total mess...
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Post by Admin on Jun 15, 2022 22:08:16 GMT -5
and higher rates mean a stronger $ ... 75 bps today with another 50-75 coming in July
“From the perspective of today, either a 50 basis point or a 75 basis point increase seems most likely at our next meeting,” Powell said at a news conference following the central bank’s policy decision. “We anticipate that ongoing rate increases will be appropriate.”
“The pace of those changes will continue to depend on incoming data and evolving outlook on the economy,” Powell said. “Clearly, today’s 75 basis point increase is an unusually large one, and I do not expect moves of this size to be common.”
I'm for the rate hike. I'm shocked it's happening The problem is, can the government afford its debt now?
They've been refinancing the debt with lower rates for the past decade.
Only hurts when we can't get other countries to take our debt at a discount based on strength of $ and guarantee of payment as we've never defaulted (yet).
Biden's spending with no fear of talking shit to Russia and even China to a lesser degree indicates there is no shortage of takers for our bonds.
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Post by cole on Jun 15, 2022 22:12:26 GMT -5
It may shock you to know I also credit Carter for allowing Volker to raise the rates. He paid the price too. That was a big part of the 80s recovery
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Post by Admin on Jun 15, 2022 22:38:10 GMT -5
Market celebrated Fed's 75 BPS rate increase and even called for a full 100 BPS then we may have seen fireworks. The markets knows the Fed is late to respond to inflation and wants faster action. The Fed is careful not to raise rates too fast for fear of creating a recession. They are playing on a tight rope to raise rates (4% higher by end of year) will be hard to manage w/o causing a recession unless the economy is stronger than we think. Their argument is that the consumer is still flush with cash and spending $. Only if/when spending slows down and layoffs take hold will we see a full blown recession. Right now, letting people go (other than specific industries like Fin'l tech, Startups that prospered from work at home and distribution warehouses that hired too many during high demand from Covid and post bottleneck demand) is not happening. Finding workers is still a problem and labor is in demand in what seems to be every service related business wherever you are or go. As more go back to offices retailers may benefit over e-commerce for clothing/shoes/etc ... Nordstrom is gearing up for young buyers with a shift in their styling with partnerships now with Asos and Allbirds while the Trunk Club styling service is out. Netflix is one hurt by back to work and Amazon has too many new hires though they have an annual turnover rate of 100% so they may not let many go since they leave on their own accord.
There is also a major shift occurring in that since the pandemic bottleneck, U.S. companies have seen the light and are returning to domestic mfg and distribution though some have been forced by gov't demand to fill shortages. In the past there was no way we could compete with the labor rates abroad but now technology has taken a lot of the mfg'g process out of the hands of skilled workers just has Tesla has taken the fun of driving out of your hands if you can afford the tech and trust the computer driving the vehicle. We've come a long way the past decade and more shifts are under way ... maybe even another industrial revolution.
So it makes sense for this secular bull market to catch it's breadth while the Gov't tries to deal with the Inflation that low rates, stimulus checks, a pandemic and a war being played to create a food & energy shortage on the West are dealt with. We've outdone the world thru this mess and it's no wonder our markets have stayed together so well (so far) under the circumstances. If we manage to slow/stop inflation with higher rates w/o creating another recession or even if we get a mild recession the stage will be set for more innovation and a new set of skills from the next generation to take the baton in the race to economic superiority over China ... The Russians are toast IMO as this war with Ukraine has turned them into a pariah around the globe. Their military has proven to be incompetent and even lost a good number of their leaders (Generals) not to mention all the military gear destroyed by the Ukrainians that will need to be replaced. Russia even approached China to help refund their need for additional arms and ammo! No way they survive this war w/o economic pain on their citizenry which could eventually cost Putin his job.
Anyway, I'm optimistic on the U.S. (especially with us potentially cutting our placenta loose from China and seeing them no longer benefit from seeing/stealing/copying our technology secrets (company not govt) in order to have mfg'g facilities based there. Otherwise we had to hire Chinese firms to mfg on our behalf and show them how and provide the equipment needed to do so.) just as I'm optimistic on the Celtics winning Game 6!
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Post by Admin on Jun 16, 2022 0:51:37 GMT -5
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Post by croc on Jun 16, 2022 4:10:03 GMT -5
LA would ask for Tatum and settle for Brown. They would laugh at that package. Too bad. Lebron has 2 years left at best. Brown has 10 at least I would give them Smart instead of White if they pushed. If he wants to go to any destination he'll command it. LA would be lucky to get Horford and Smart. Not sure I want his aging corpse at any price. Definitely not Tatum or Brown.
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Post by quagmire on Jun 16, 2022 4:58:07 GMT -5
umm Cole don't bet against the dollar . Yuan way down Euro way down. Yen 24 year low British pound in shambles Boris Johnson barely survived a no confidence vote last week and those pesky Irish are raising hell as are the Scots Got almost 21 pesos today for one buck. Who's goona top the dollar? Russian Rubles? Quit watching Lou Dobbs . Another nut case with a potty mouth like most his colleagues. in short world order is threatned.Why? Hunter Biden's laptop is to blame is my best guess... Why? Look no further than your own hand, and the hands of everyone else who put this moronic administration in office. You dont have to like, or vote for the orange man, y'all should have put up a decent candidate not an old fool who is doing everything he said he would do on the campaign trail! But some of you are so shortsighted you looked right pass this, blinded by your hate for the OM.
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Post by hedleylamarr on Jun 16, 2022 6:51:46 GMT -5
ANYWAY - Christian Wood has been traded from the Rockets to the Mavs for #26 and four players.
HOU now has 3 FRDP's. 3, 17 and 26. Are people copying us and the Warriors now?
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Post by kdp59 on Jun 16, 2022 7:11:08 GMT -5
ANYWAY - Christian Wood has been traded from the Rockets to the Mavs for #26 and four players. HOU now has 3 FRDP's. 3, 17 and 26. Are people copying us and the Warriors now? LOL...thanks...the political stuff I read elsewhere myself. certainly not with this bunch of ya-hoos (myself included thank you!)
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Post by hedleylamarr on Jun 16, 2022 7:35:00 GMT -5
His availability status has not been a protective strategy to throw off the opposition. Team staffers are legitimately unsure if he will be a go for gamedays. Williams III is fighting valiantly through immense pain. “I honestly take it day-by-day,” Williams III told Yahoo Sports. “I can be feeling good right now, and then the next couple of hours it’s pretty sore. I try to take it day-by-day as much as I can.” – via Chris Haynes @ Yahoo! Sports Injuries, Robert Williams, Boston Celtics
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Post by hedleylamarr on Jun 16, 2022 7:35:29 GMT -5
“It gets to me a lot,” Williams III told Yahoo Sports. “It’s hard to deal with. When I’m out there, the adrenaline and energy takes over so I don’t really think about it during games, but it for sure gets to me a lot.” – via Chris Haynes @ Yahoo! Sports Injuries, Robert Williams, Boston Celtics
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Post by hedleylamarr on Jun 16, 2022 7:36:00 GMT -5
Williams had his knee drained repeatedly during the Eastern Conference finals against the Miami Heat, league sources told Yahoo Sports. “I was really having my knee drained a lot last series,” Williams III confirmed to Yahoo Sports. “I stopped draining it because there was no point, in my opinion. My knee kept filling back up with fluid. So, I’ve kind of learned how to manage it to be able to play.” – via Chris Haynes @ Yahoo! Sports Injuries, Robert Williams, Boston Celtics
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Post by quagmire on Jun 16, 2022 7:42:23 GMT -5
ANYWAY - Christian Wood has been traded from the Rockets to the Mavs for #26 and four players. HOU now has 3 FRDP's. 3, 17 and 26. Are people copying us and the Warriors now? yes, very nice move for the Mavs
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Post by Admin on Jun 16, 2022 7:59:47 GMT -5
Rockets To Trade Christian Wood To MavericksJune 15th 2022 at 8:06pm CST by Rory Maher The Rockets are trading Christian Wood to the Mavericks in exchange for the No. 26 overall pick of the 2022 draft, Boban Marjanovic, Sterling Brown, Trey Burke and Marquese Chriss, sources tell Shams Charania of The Athletic (Twitter link). All five players are on expiring contracts in 2022/23, with the four Mavs players being sent out for salary-matching purposes. Wood will earn $14.3MM next season. As ESPN’s Bobby Marks tweets, the trade can’t be officially completed until draft night, which is June 23, because the Mavs owe a protected first-round pick to the Knicks in 2023. Six months after the trade is completed, Wood will be eligible to sign a contract extension worth up to $77MM over four years, says Marks.
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Post by rkarp1 on Jun 16, 2022 8:38:07 GMT -5
I like the deal for the rockets as I assume they want more time for Sengun and I assume Holmgren. Wood is a nice player but I would not invest heavily in him in free agency next year as he appears to be a lot to deal with for a coach. Houston will be awfully young and most likely again be bottom 3 in the league, but they have a chance to have a good young core to work with. they will need the right coach and patience, as well as luck in the draft.
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Post by drewski6 on Jun 16, 2022 10:37:39 GMT -5
I like the deal for the rockets as I assume they want more time for Sengun and I assume Holmgren. Wood is a nice player but I would not invest heavily in him in free agency next year as he appears to be a lot to deal with for a coach. Houston will be awfully young and most likely again be bottom 3 in the league, but they have a chance to have a good young core to work with. they will need the right coach and patience, as well as luck in the draft. I dont know, 4 marginal bench players and pick 26 for a very good player.
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Post by cole on Jun 16, 2022 10:51:21 GMT -5
I like the deal for the rockets as I assume they want more time for Sengun and I assume Holmgren. Wood is a nice player but I would not invest heavily in him in free agency next year as he appears to be a lot to deal with for a coach. Houston will be awfully young and most likely again be bottom 3 in the league, but they have a chance to have a good young core to work with. they will need the right coach and patience, as well as luck in the draft. I dont know, 4 marginal bench players and pick 26 for a very good player. You've gotta assume that was their best offer though, from some angle
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Post by drewski6 on Jun 16, 2022 11:42:59 GMT -5
I dont know, 4 marginal bench players and pick 26 for a very good player. You've gotta assume that was their best offer though, from some angle I think its a safe assumption that they shopped. To Rkarps point, maybe C. Wood is known to be difficult and there were off-court reasons why this seemingly low offer was the best they could do.
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Post by dfries13 on Jun 16, 2022 12:04:18 GMT -5
You've gotta assume that was their best offer though, from some angle I think its a safe assumption that they shopped. To Rkarps point, maybe C. Wood is known to be difficult and there were off-court reasons why this seemingly low offer was the best they could do. Dallas gave almost nothing.Have little or nothing to lose. Off the court problems are now fairly common. What's safe to assume? We didn't want Wood despite our need for a PF. Time to face the fact..Horford has at most one more year playing 20 to 26 minutes..
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Post by drewski6 on Jun 16, 2022 13:33:50 GMT -5
I think its a safe assumption that they shopped. To Rkarps point, maybe C. Wood is known to be difficult and there were off-court reasons why this seemingly low offer was the best they could do. Dallas gave almost nothing.Have little or nothing to lose. Off the court problems are now fairly common. What's safe to assume? We didn't want Wood despite our need for a PF. Time to face the fact..Horford has at most one more year playing 20 to 26 minutes.. Well, I dont think we could have even made a trade considering we're still playing and we're past the deadline.
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Post by hedleylamarr on Jun 16, 2022 14:02:13 GMT -5
Dallas gave almost nothing.Have little or nothing to lose. Off the court problems are now fairly common. What's safe to assume? We didn't want Wood despite our need for a PF. Time to face the fact..Horford has at most one more year playing 20 to 26 minutes.. Well, I dont think we could have even made a trade considering we're still playing and we're past the deadline. Agree. DAL pounced when we were unable to make any trades. Not sure he'd be a great fit here, but he'd be an upgrade over Theis, and would possibly help replace Al.
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Post by kdp59 on Jun 16, 2022 14:34:21 GMT -5
plus we didn't have a first to offer up to them anyway.
can't trade next seasons now that SA has this years.
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Post by rkarp1 on Jun 16, 2022 14:37:10 GMT -5
I like the deal for the rockets as I assume they want more time for Sengun and I assume Holmgren. Wood is a nice player but I would not invest heavily in him in free agency next year as he appears to be a lot to deal with for a coach. Houston will be awfully young and most likely again be bottom 3 in the league, but they have a chance to have a good young core to work with. they will need the right coach and patience, as well as luck in the draft. I dont know, 4 marginal bench players and pick 26 for a very good player. I see it as #26 for 1 year of Wood, where as he is going to lose PT to both Sengun and Holmgren, in his contract year, which will make him difficult to work with. I see the players in the deal more as veteran locker room guys that will help the young guys learn
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