TSX:AX.PR.E - Post by User
Comment by
Torontojayon May 03, 2024 3:19pm
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Post# 36022315
RE:CRUDE IS TOPPLING
RE:CRUDE IS TOPPLING
garyreins wrote: The battle with inflation will be won with crude and gas toppling over....very easy to see this. sure services and some other thing can remain sticky but unlikely to have inflation go back up in a meaningful way, and will make headline look good
TANK THE CRUDE BACK TO $50 A BARREL
Residential rent and sticky inflation ex shelter is still high. The US will begin cutting when the unemployment moves higher and it has risen to 3.9% in April from 3.8% the previous month. Anything higher than 4% and I believe they start cutting independent of the inflation rate. Why? Because higher unemployment is disinflationary and will bleed into the inflation data with a lag down the road.
The Sahm rule has ticked up to 0.37 compared to 0.23 at the start of the year. When this indicator hits 0.5 it is likely game over for inflation and the booming economy.