Commodities and Energy are jumping after the Fed rate hike. Jerome Powell mentioned high but manageable inflation. Is the “Volker Era” coming soon? I can barely afford a full gas tank as it is already.The ban on Russian oil by the EU is surely the cause for the pop. You can blame supply chain issues all you want. Rising oil prices is the number one cause of inflation in most cases.
What’s gonna happen? Where are my commodity bulls at? I need more insight.@iamiam
iamiam
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I was bearish just for relief, because in real life it's all bullish - it's a fight for certain oil and we are buying diesel like crazy, along with everyone else its creating problems that will present themselves in the future. Just today (because of the cost of diesel) we pushed up a bunch of projects and filed a bunch of breach of contracts because some people (and govt entities) are reluctant to pay the higher cost and think price will come down (a big part with govt is they are reluctant/stubborn to use different materials and want what they call for in their specifications but they all have the same specs so everyone is chasing the same manufacturers and materials *hello more govt caused inflation*) Say you do order something and now they tell you we'll give you a price when we deliver it in 6-12 months and you can expect a higher price. Anyways I'm tired and rambling, but jpow-wow actually said today the FED can't control commodity, energy and food price inflation and that's why they dont track it. Let that sink in. This is going to end ugly but first it will be glorious. The FED cant land this, inflation wont be controlled until they crush demand but then they CRUSH DEMAND sorry for the ramble finishing my post and barely keep my eyes open
SpyderCall
OPiamiam
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No that’s good stuff. I must have been distracted when he said he the fed doesnt track commodities for inflation. Thats pretty wild. Crushing demand seems to be the only thing they can at least try to do. Volker Era Incoming
SpyderCall
OPiamiam
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And its funny because the other day it looked like a lot of commodities and oil were going for a small leg down and then boom EU bans Russian Oil. Couldn’t have planned it better myself
SpyderCall
OPiamiam
:
Commodities are going to take off next week you think? I think that Russian oil ban by the EU is beginning to sink in. What do you think I am?
iamiam
SpyderCall
OP
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next week - that is tough to predict we could bottom then reverse or we could bottom and hang around. I know that next week is a buying week either way
GNRForever : When they see red, they will change their tune
iamiam : I was bearish just for relief, because in real life it's all bullish - it's a fight for certain oil and we are buying diesel like crazy, along with everyone else
sorry for the ramble finishing my post and barely keep my eyes open
its creating problems that will present themselves in the future.
Just today (because of the cost of diesel) we pushed up a bunch of projects and filed a bunch of breach of contracts because some people (and govt entities) are reluctant to pay the higher cost and think price will come down (a big part with govt is they are reluctant/stubborn to use different materials and want what they call for in their specifications but they all have the same specs so everyone is chasing the same manufacturers and materials *hello more govt caused inflation*)
Say you do order something and now they tell you we'll give you a price when we deliver it in 6-12 months and you can expect a higher price.
Anyways I'm tired and rambling,
but jpow-wow actually said today the FED can't control commodity, energy and food price inflation and that's why they dont track it. Let that sink in. This is going to end ugly but first it will be glorious. The FED cant land this, inflation wont be controlled until they crush demand but then they CRUSH DEMAND
SpyderCall OP iamiam : No that’s good stuff. I must have been distracted when he said he the fed doesnt track commodities for inflation. Thats pretty wild. Crushing demand seems to be the only thing they can at least try to do. Volker Era Incoming![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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SpyderCall OP iamiam : And its funny because the other day it looked like a lot of commodities and oil were going for a small leg down and then boom EU bans Russian Oil. Couldn’t have planned it better myself
solo invest : EU banning Russian oil. Yikes. I hope the EU can survive this. I’m sure they already have a plan in place.
SpyderCall OP : I wish i knew that plan. Do they have it in legislation somewhere? Can the public view this content?
SpyderCall OP iamiam : Commodities are going to take off next week you think? I think that Russian oil ban by the EU is beginning to sink in. What do you think I am?
iamiam SpyderCall OP : next week - that is tough to predict we could bottom then reverse or we could bottom and hang around. I know that next week is a buying week either way
SpyderCall OP iamiam : Heard