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User Time Action Performed
  • Yellen warns inflation in the U.S. is ‘unacceptably high’

    From cnbc.com

    U.S. Treasury Secretary Janet Yellen has warned that inflation in the U.S. is “unacceptably high” and said bringing down rising prices will be Washington’s “top priority.” Data released Wednesday showed U.S. consumer inflation rose to 9.1%, the highest level since 1981. “We’re first and foremost supportive of the Fed’s efforts; what they deem to be necessary to get inflation under control,” she said at a news conference in Bali ahead of the Group of 20 finance ministers’ meeting. “Beyond that, we are taking our own steps which we believe will be supportive in the short term to get inflation down ...
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  • Comment #1
  • Quote
  • Jul 14, 2022 8:45am Jul 14, 2022 8:45am
  •  Bakker
  • Joined Jun 2011 | Status: Member | 3090 Comments
You were the creator of this, too late for tears.
 
2
  • Comment #2
  • Quote
  • Jul 14, 2022 8:47am Jul 14, 2022 8:47am
  •  loa
  • | Joined Dec 2015 | Status: Member | 22 Comments
She also said it was transitory
 
 
  • Comment #3
  • Quote
  • Jul 14, 2022 9:07am Jul 14, 2022 9:07am
  •  activtrads
  • | Joined Dec 2015 | Status: Member | 3 Comments
Thank you captain obvious! hahaha, what a joke!
 
1
  • Comment #4
  • Quote
  • Jul 14, 2022 9:19am Jul 14, 2022 9:19am
  •  kingleeny
  • Joined Jul 2014 | Status: Member | 1479 Comments
there is no article to discuss whats going regarding chf and jpy...but this is crazy...so the market is getting crushed. safe havens are usually these 2 currencies. not they are saying the spread difference so people buying the usd....but previously and chf is, they are payiing or have had negative interest rates. whats the difference now?
 
1
  • Comment #5
  • Quote
  • Jul 14, 2022 9:24am Jul 14, 2022 9:24am
  •  rukh
  • | Joined Jun 2022 | Status: Member | 11 Comments
energy prices please !! for many years US economy were expanding although she knew this she printed the money then went with Biden on Russian war Tour around world to mess up more , she could raise Interest rate as hard to bring shock to system when economy had breath for that she refused and guess what this stupid woman NOW (not 5 month ago) believes inflation is unacceptable when bleeding phase of economy is near like car sale bubble housing bubble rent at highest and mortgage payment are rising to 10% she wanna start to be aggressive and yet one of WH clowns in charge of economy says problem is supply chains to bring more supply chips to increase more supply ( while increasing interest rate ) and add more fuel to inflation by increasing employment with higher wages cuz people can not survive with 10% inflation !!! what hell is wrong with these clowns in federal reserves and treasury...
 
1
  • Comment #6
  • Quote
  • Jul 14, 2022 9:25am Jul 14, 2022 9:25am
  •  dghent
  • | Joined Jul 2010 | Status: Member | 245 Comments
And we pay this idiot millions of dollars to tell us something that almost everyone knows but don't worry she's going to get us out of this mess. NOT!!!
 
1
  • Comment #7
  • Quote
  • Jul 14, 2022 9:47am Jul 14, 2022 9:47am
  •  Yawgmouth
  • | Joined Feb 2020 | Status: Member | 116 Comments
This Woman isn't just an idiot. She showed just how incompetent she is when she was at the FED and has shown she has been, and still is, a tool throughout her career. She's a menace.
Well...
So is the FED.
They orchestrate printing $150 Trillion out of thin air since 2008 and spread it around the world and some how think we can avoid double digit price inflation? Whatever.
 
1
  • Comment #8
  • Quote
  • Jul 14, 2022 10:08am Jul 14, 2022 10:08am
  •  traderathome
  • Joined Mar 2008 | Status: PVSRA with Traderathome | 1595 Comments
The REAL issue is......as always......$$$$$$

The rich won't allow themselves to be taxed more, even though they are doing a lot less nowadays. Yet inflation obligates the government to pay retirees more.

Well, if they really must balance the books, then the FED will just crank up the printing presses again.

Something, sometime, has got to give. Taxation is the right and the life blood of governments. They just haven't yet found the balls to go tax where the $$$$$$ is.
 
 
  • Comment #9
  • Quote
  • Jul 14, 2022 10:13am Jul 14, 2022 10:13am
  •  pridolfx
  • Joined Feb 2018 | Status: Member | 174 Comments
why the fuck usd is than so strong against euro if usd is also in deep shit?????anybody knows??
 
 
  • Comment #10
  • Quote
  • Jul 14, 2022 10:14am Jul 14, 2022 10:14am
  •  pridolfx
  • Joined Feb 2018 | Status: Member | 174 Comments
Quoting activtrads
Disliked
USD is a safe haven too in times of uncertainty
Ignored
lol usd is worthless toilet papeer without any gold backed coover at all...INVEST TO RUBLE!!
 
 
  • Comment #11
  • Quote
  • Jul 14, 2022 10:24am Jul 14, 2022 10:24am
  •  Bakker
  • Joined Jun 2011 | Status: Member | 3090 Comments
USD is strong because of the interest rate. The US got the highest interest rate among the big DEMOCRATIC countries. There are countries which have non-democratic systems in place with unstable governments and economies being run on huge international debt, which have interest rates much much higher than the US.
 
1
  • Comment #12
  • Quote
  • Jul 14, 2022 12:18pm Jul 14, 2022 12:18pm
  •  Guest
  • | IP XXX.XX.82.125
Quoting pridolfx
Disliked
why the fuck usd is than so strong against euro if usd is also in deep shit?????anybody knows??
Ignored
Because the U.S. isn't cutting itself off from carbon energy to the extent the EU is.
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.59.31
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  • Story Stats
  • Posted: Jul 14, 2022 8:41am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 12  /  Views: 3,063
  • Linked events:
    USD Core CPI m/m
    USD CPI m/m
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