And it gets worse
Inflation swaps are used by financial professionals to mitigate/hedge the risk of inflation and are considered reasonably accurate estimates for the break-even rate for the period in question. They’re also helpful to central banks and dealers who are trying to determine the market’s future inflation expectations."In short, the market is looking at all the signals and is growing convinced that whatever "this" is, it is not transitory.And it's not just finance pros who are calling the Fed's bluff: according to the New York Fed’s survey of consumer expectations, median 1-year and 3-year inflation expectations by ordinary Americans jumped to a multi-year high of 3.4% and 3.1% respectively, the highest since September 2013.Digging through the details reveals an even more alarming picture: over the next year consumers anticipate gasoline prices jumping 9.18%, food prices gaining 5.79%, medical costs surging 9.13%, the price of a college education climbing 5.93%, and rent prices increasing 9.49%. But wait, there's more: the CPI report on Wednesday is also expected to show price pressures leaped in April, and not just on a distorted year-over-year basis (where the base effect makes readings meaningless). The 0.3% core CPI M/M increase will be the highest print this century! And so, with most assets now "fixed" by the Fed, with bonds having lost all their inflationary signaling as they now trade in a world of implicit yield curve control, and with stocks already in a massive bubble, is there any wonder why the chart of the latest crypto darling du jour - Ethereum - which so far has not been "micromanaged" by the Fed (unlike the central bank's old nemesis, gold), looks the way it does. Inflation has been searched on $Alphabet-C (GOOG.US)$ more times in the last 3 months than ever before.
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chgocal123 : I know Ethereum is out doing dogecoin
Mcsnacks H Tupack OP chgocal123 : I stay away from them. 1 thing happens to 1 of them all of them are affected. I can’t invest in something that depends out what and when something comes out of someone’s mouth
chgocal123 Mcsnacks H Tupack OP : I do too I see them as too high of a risk especially with fake money My son is into all that. I know a bit about this subject but don’t intend on buying any
Mcsnacks H Tupack OP chgocal123 : Main buyers of crypto are 38 yr old single white males. If that doesn’t make you say to yourself I’ll pass on this investment nothing will
chgocal123 Mcsnacks H Tupack OP : Hahahahaha too funny
Arc_to_Arcturus : Lol! I'm a middle aged woman and my little $25 purchase of Ether last year is worth about $250 right now. It's one of the only signs of green at the moment!