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Post by aaplsauce on Feb 9, 2022 22:40:25 GMT -8
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Post by playultimate on Feb 10, 2022 6:02:44 GMT -8
Inflation continues to rise. Sigh.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Feb 10, 2022 6:31:34 GMT -8
I’ll comment after I stop laughing 😂.
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Post by duckpins on Feb 10, 2022 10:38:41 GMT -8
"Inflation continues to rise. Sigh." Supply has fractured. When parsley flakes, bee pollen capsules and other totally unrelated things are in short supply, the logical thing to do is charge more for what you have. Plumbers here are getting 250 an hour. We have 2 generations who don't work unless they are paid 6 figures. Dog groomers are non existent. Vets can't get anyone to apply for work. This is forcing price increases everywhere, except social security doesn't go up nearly enough. One company offered an estimate for a new heater to me in 4 months as their estimator was filled up. So if your heater goes out good luck.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Feb 10, 2022 11:09:42 GMT -8
Wait, Microsoft has an App Store? Ha, that's funny, considering Tesla just announced on earnings day that they will not be shipping the cheap $25K Tesla for the masses that WS was hoping for, and no Tesla truck either, but hey, look at this robot squirrel we're making. 🦫 Remember that Steve said his job was to say "no" not "yes" to all the cool inventions inside Apple's R&D labs.
So we are just going to pretend we aren't printing trillions of dollars and blame only the supply chain for (40-year high) inflation? Bang up job our government is doing! At least Congress will be paralyzed, no pun intended, for a couple months with that Dem senator having a stroke. Hopefully, these Big Tech regulation bills will go nowhere. My general view of government is thee same as when I am selling options: Nothing happening is good news.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Feb 10, 2022 11:23:04 GMT -8
Kelly Evans has a nice Tweet on inflation. Basically $5T of stim and $5T of QE by the Fed has had one upside: It's made everyone STFU about MMT.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Feb 10, 2022 11:32:32 GMT -8
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Post by archibaldtuttle on Feb 10, 2022 13:29:47 GMT -8
Inflation isn't bad for Apple's business, even if it is bad for the valuations of tech stocks. Apple products, historically seen as "expensive," look cheaper as wages rise, and prices for other goods rise, but Apple products stay the same price. Some of Apple's input costs and shipping costs have no doubt gone up, but with Tim the supply chain genius that he is, the rising costs seem to have had little effect on Apple's chunky profit margin (which was high in the latest ER).
However, the market is still having a risk-off deleveraging panic in anticipation of higher Fed interest rates, so who knows where the stock ends up.
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 325
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Post by crispin on Feb 10, 2022 17:59:35 GMT -8
Hopefully the inflation beast can be tamed. We're seeing it here in New Zealand too as the economy recovers from the last two years, but the supply chains are still coughing and wheezing. I'm trying to put a solar PV system on the roof of my new house and dealing with regular delays in materials often accompanied by price increases. The silver lining in the US is the economy is gangbusters and the job numbers are fantastic. But the looming 1 Million dead milestone is a good reminder things are not going to be "normal" for some time.
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ono
Member
posted
Posts: 555
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Post by ono on Feb 10, 2022 21:12:21 GMT -8
regarding inflation and its effect on the market, including AAPL: Added up, yeah, wow, ~ $5T in stimulus and ~$5T from the Fed. TARP, was, I recall about $900B, which many reflect as being too little.
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