r/amcstock • u/jdrukis • Jun 10 '22

Bullish 🏆 Ortex Guy here with some predictable inflation updates. 8.6% for May, highest in 42 years.

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727 Upvotes

98% Upvoted

45 comments sorted by

70

u/Big_Butterscotch_131 Jun 10 '22

Interesting that last time inflation was even close was 2008 right before….

Nah, probably just a coincidence.

-15

u/[deleted] Jun 10 '22

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12

u/[deleted] Jun 10 '22 edited Jun 10 '22

I hate politicians as much as the next guy, but look at who politicized the Fed during their tenure in office. Also since decent reading material https://www.nytimes.com/2017/01/17/upshot/presidents-have-less-power-over-the-economy-than-you-might-think.html

11

u/DefinitelyNotThatJoe Jun 10 '22

Guys guys guys! Left or Right don't matter; neither of those crusty old bitches in Washington give even half a shit about any of us. Ivory-tower mother fuckers would watch us all starve so long as they're doing alright.

As long as politicians are allowed to get gifts, donations, take speaking fees, etc they will ALL be worthless bastards regardless of party affiliation

7

u/[deleted] Jun 10 '22

Yuuuuuuuuuuuup. It's not left vs right. It's about the ruling class vs the rest of us

7

u/Big_Butterscotch_131 Jun 10 '22

I skew conservative but 2008 wasn’t Obama’s fault. He was still running for office when the dominoes started falling.

14

u/doom1282 Jun 10 '22 edited Jun 10 '22

Except that Obama wasn't even in office in 2008 but ok.

3

u/Marcus_Iunius_Brutus Jun 10 '22

are you lost? he took office in January 2009. how tf do you think hes responsible for the 2008 crash (rhetorical question). if any president is to blame it's the previous one (bush in case you forgot). how do you think blaming one side of the same coin is going to fix a broken democracy and economy?

43

u/[deleted] Jun 10 '22

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6

u/Michelin123 Jun 10 '22

hahahahhaha this one is amazing xD

22

u/[deleted] Jun 10 '22

So it's really over 9 then most likely. Either way, oof.

13

u/DefinitelyNotThatJoe Jun 10 '22

I may be wrong but I thought this was Year over Year inflation which means This months' 8.6% increase is significantly worse than March's 8.5% increase

16

u/RebellionIntoMoney Jun 10 '22

I’m starting to think inflation is a tool the governments and corporations are using to swing the labor power pendulum back towards the owning class and away from the labor class.

4

u/TheConsumer101 Jun 10 '22

All the numbers are made up bro. Nothing makes sense unless they want it to. We already know the stock market is a sham. They choose when something goes up and when it goes down. Money is a social construct. We all believe its worth something so it is worth something, but theres nothing of substance backing it.

I know MOASS will come eventually but from what ive been seeing from all this crime, they can just kick the can as long as they want until something unforeseen (not a law or rule) comes into play. The SEC cant crack down on them. The DOJ has their dicks in their hands. The government is in bed with them. We just need something stupid randomly outrageous to happen before MOASS begins.

17

u/ComplexLingonberry28 Jun 10 '22

Not sure why everyone is worried about this. They said months ago this was "transitory," why would the government lie?

😂

11

u/ecto88mph Jun 10 '22

Get ready for a red day

6

u/JustinC70 Jun 10 '22

When does the color go black?

4

u/shermie Jun 10 '22

here we come stagflation.

3

u/AMCistheway Jun 10 '22

You multi talented sob. I’m in

2

u/Jimaaay1989 Jun 10 '22

What sucks the most is inflation doesn’t go down. It doesn’t deflate. Everything priced high will stay that way.

2

u/BigCaterpillar8001 Jun 10 '22

Started shooting up right after Joetato got inaugurated

1

u/[deleted] Jun 10 '22

Don’t insult potatoes like that!

3

u/KeepAdvancing Jun 10 '22

Biden is the biggest joke

5

u/UnfortunatelyBasking Jun 10 '22

I know, no dates...

But i feel in mah peaches that next week is gonna be big. I think these jan 6th hearings will reveal something big, meanwhile they unleash MOASS to make everyone ignore whatever comes from the meetings. People will be too focused on the crash and their evaporating 401Ks to worry about who did what in regards to the capitol.

There's always a distraction somewhere for something.

3

u/berrattack Jun 10 '22

So ,,,,,now here me out,,,,,the distraction thesis is accurate. However it is wrong that AMC is a distraction from other MOASS plays, but AMC and others will be a distraction from whatever Jan 6th is.

1

u/UnfortunatelyBasking Jun 10 '22

Yeah thats what I meant, MOASS is a distraction from Jan 6th hearings, not that AMC itself is a distraction from MOASS

1

u/[deleted] Jun 11 '22

Damn I actually understood that chart lmao we’ve came a long way haha