Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing

[Big Blitz]

4 hours ago, Tenhigh said:

That Brooklyn Dad has to be a bogus account set up by the defiant L's guy. No one is that dumb.

 

 

He's paid by a Dem Super PAC

 

And yes this probably is true to both sides we just happened to have it confirmed with this clown.

[John Adams]

1 hour ago, Chef Jim said:

How about comment on the content.  

Sometimes I do, sometimes I make fun of The Paste Man. 

[Precision]

On 11/13/2021 at 8:47 AM, Precision said:

Michael Burry came out this week and said that inflation is much worse than a byproduct of the re-opening from COVID.  Also made comments regarding the Rivian IPO.

 

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=&cad=rja&uact=8&ved=2ahUKEwj1_ov0tpX0AhVNm-AKHQ6QDWYQxfQBKAB6BAgOEAI&url=https%3A%2F%2Fmarkets.businessinsider.com%2Fnews%2Fstocks%2Fbig-short-michael-burry-scion-inflation-spike-economy-pandemic-reopening-2021-11&usg=AOvVaw2ejDzbftopOMYik1NrbPnj

 

My questions to the board are:

• Have you adjusted your investing strategy based on the current and upcoming inflation and if so from/into what?
• Since this clearly in not transitionary at what point do you start to panic?
• Do you think the Bidenomics issues are solvable at the midterms, during the next administration or have we reached a tipping point (runaway inflation)?
• What do think inflation will top out at?
• What are your thoughts on the largest contributing factor?     

My answers:

• Yes, we have 60% of our investments are now in commodities, foreign investments, thinking about purchasing a rental property.
• I already have which is why I made the changes previously mentioned.
• Not solvable until at least midway through the next administration.
• 13%.
• Currency devaluation. 

For those unaware, Michael Burry ran Scion Capital.  He was among the first to forecast the real estate bubble in 2007.  To learn about what led up to the crash a great movie to watch is "The Big Short".

 

 

Feel like this post aged well although the "experts" say we'll only hit 10%.........

https://www.kiplinger.com/economic-forecasts/inflation

 

[BillStime]

4 hours ago, Chef Jim said:

How about comment on the content.  

 

You never do.

[TSOL]

I know Biden has made some mistakes, but at least he's handling the economy really well. 

[Chef Jim]

4 hours ago, John Adams said:

Sometimes I do, sometimes I make fun of The Paste Man. 

Im not one to point fingers regarding this actually. Carry on. 

[John Adams]

 

[Chef Jim]

1 hour ago, John Adams said:

 

Inflation is a leading indicator of war. 
 

Come on man!!!

[Big Blitz]

This is why we're doomed.  

 

 

 

[Big Blitz]

U.S. wholesale inflation surges again — prices are up 10% in the past year

 

 

Wholesale prices rose  a sharp 0.8% in February and signaled that the hottest U.S. inflation in 40 years is unlikely to cool off in the spring.

 

The increase in wholesale prices over the past year stayed at 10% for the second month in a row, the government said Tuesday.

 

 

https://on.mktw.net/3tdiP7I

 

Edited March 15, 2022 by Big Blitz

[Chef Jim]

Always the silver lining guy here is some great news about the skyrocketing gas prices here in California.  Our $.51 per gallon excise tax has dropped from

20% down to 8.5%. Yay!  🙄

[B-Man]

 

 

 

[leh-nerd skin-erd]

On 3/13/2022 at 3:38 PM, John Adams said:

Sometimes I do, sometimes I make fun of The Paste Man. 

This is why you cannot be a moderator.  Your mercurial, irreverent, and pranditious nature is offputting, so much so that I made up a word for it.  
 

I will say, however, that I appreciate some of your commentary over the past few weeks.  

[TSOL]

I would suspect joe Biden and vlad Putin have some sort of secret backdoor gentleman's bet on who can screw up their respective countries worse, over the next 2½ years. 

 

 

[Chef Jim]

1 hour ago, leh-nerd skin-erd said:

This is why you cannot be a moderator.  Your mercurial, irreverent, and pranditious nature is offputting

 
Jackie Chiles?  Is that you?

[Big Blitz]

 

[Doc]

Where's that Trump "I don't take responsibility" meme when you need it...

[Big Blitz]

 

[B-Man]

 

 

 

Americans are buying less as many brace to be ‘strapped for cash’:

 

Many retailers have acknowledged that a prolonged war in Ukraine could hurt shopper confidence as supply shortages worsen.

 

https://www.wbir.com/article/news/nation-world/us-retail-spending-slows-due-to-inflation/507-3778ce91-7774-4088-953a-f48973882d0e

 

 

 

 

[B-Man]