StockCats (@realstockcatz) 's Twitter Profile
StockCats

@realstockcatz

StockCats new account - Instincts - Specializing in market satire - FinTwit - Financial Media Critic - Never take investing advice from your neighbor's cat

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linkhttp://StockCats.com calendar_today09-08-2009 04:09:07

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imagine someone just started day trading Futures in a Robinhood account from their phone when the 5-minute /ES ATR's are running 50-100-200+ points

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if you think inaccurate jobs data is bad, wait until you hear about how much CPI understates the actual rise in the cost of living

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just a reminder that the inflation damage has already been done - everything costs a LOT more than it did a few years ago and prices aren't going back to where they were, even if the "inflation rate" was 0%

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if you dig deep enough and look under the surface you can make any economic numbers fit your existing narrative - we call that Economics

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Let me get this straight - now that everyone's cost of living has increased significantly the past few years, the Fed is basically giving up on fighting inflation going forward?

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now that the Fed has failed at and abandoned their "stable prices"mandate they can focus on failing at their full employment mandate - they don't stand a chance against AI and robots