Over 29 years of fanhood Posted September 14, 2022 Share Posted September 14, 2022 (edited) 51 minutes ago, Tiberius said: Inflation? well, ya, raise interest rates as much as you have to. Wait for supply chains to get untangled. Increase immigration so businesses have people to hire. Businesses can supply more goods and services with more workers, thus reducing prices food and energy are the main inflationary drivers, so rates… while hurting business and growth, killing the housing market and tanking the stock market will ultimately beat the economy into further recession eventually squeezing demand (not so great for the laid off and middle class, retired or fixed income hh… typical elitist answer ) can work if you don’t care about the little guy. This is what the 70s and carter were all about. Immigration… Add more demand for energy and food by opening immigration into a stagnating job market (layoffs are coming Q1 and Q4, across all sectors already) and an economy in recession. So more people electrify and feed …. So I see a bad choice and another inflationary contributor the other thing I see very starkly is if we don’t get serious about using our economic might to shut down Russia and more importantly give China some pause, we are going to be on a glide path toward some real bad things. As an exceptional analysis recently put it, we are either in the 1970s headed for the 1980s or we are in the early 1900s headed for 1914 Edited September 14, 2022 by Over 29 years of fanhood Link to comment Share on other sites More sharing options...
B-Man Posted September 15, 2022 Share Posted September 15, 2022 Finally, some good news. It was all theater to drive up the payoff anyway. Biden announces tentative labor agreement to avert national rail strike The tentative agreement averts a national rail strike that would have shut down a key part of the U.S. transportation network. The new contracts provide 24% pay increases over 5 years from 2020 through 2024 and include immediate payouts averaging $11,000 upon ratification, according to the Association of American Railroads. (Excerpt) Read more at cnbc.com ... https://www.cnbc.com/2022/09/15/president-joe-biden-says-tentative-railway-labor-agreement-reached.html Link to comment Share on other sites More sharing options...
RiotAct Posted September 16, 2022 Share Posted September 16, 2022 FedEx down 19%… looks like another doozy of a day coming on the stock market. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 16, 2022 Share Posted September 16, 2022 6 minutes ago, RiotAct said: FedEx down 19%… looks like another doozy of a day coming on the stock market. That’s impossible. My next door neighbor has at least ten packages delivered every day. 😉 2 Link to comment Share on other sites More sharing options...
B-Man Posted September 16, 2022 Share Posted September 16, 2022 The Bidenomics Sham Is Collapsing Issues & Insights, by The Editorial Board With red lights flashing nearly everywhere, the economy’s prospects look grim. Soaring inflation, crashing home sales, plunging GDP, falling real incomes. No question, the economy is a mess. So why is the Biden administration saying things are going better? It’s not just this week’s “unexpected” 8.3% inflation jump. Or the scary plunge in stock prices, destroying trillions of dollars in household wealth in just days. It’s that the ruling party, the Democratic Party, seems utterly oblivious to the damage it’s done. https://issuesinsights.com/2022/09/16/the-bidenomics-sham-is-collapsing/ . Link to comment Share on other sites More sharing options...
B-Man Posted September 17, 2022 Share Posted September 17, 2022 NOTHING TO SEE HERE, MOVE ALONG: Imports To Los Angeles, America’s Largest Port, Plunged 17% In August. https://www.zerohedge.com/economics/imports-los-angeles-americas-largest-port-plunged-17-august Link to comment Share on other sites More sharing options...
Big Blitz Posted September 18, 2022 Author Share Posted September 18, 2022 Hope hiding from the flu to get rid of Trump was worth it Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted September 18, 2022 Share Posted September 18, 2022 6 hours ago, Big Blitz said: Hope hiding from the flu to get rid of Trump was worth it including the massive inflation simultaneously happening it’s probably close to 50% in real dollars. But hey at least you get a subsidy for adding solar panels to that diminishing asset Link to comment Share on other sites More sharing options...
Chef Jim Posted September 18, 2022 Share Posted September 18, 2022 12 hours ago, Big Blitz said: Hope hiding from the flu to get rid of Trump was worth it Would you consider inflation a huge problem in this country? Link to comment Share on other sites More sharing options...
B-Man Posted September 19, 2022 Share Posted September 19, 2022 God help us. Link to comment Share on other sites More sharing options...
B-Man Posted September 19, 2022 Share Posted September 19, 2022 Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 19, 2022 Share Posted September 19, 2022 Joe Biden....The King of Empathy! Unbelievably out of touch with America. We just witnessed the funeral of a lady who was QUEEN for almost three quarters of a century, and yet she was closer to the plight of her people than this Government-born and bred disaster could ever hope to be. Link to comment Share on other sites More sharing options...
reddogblitz Posted September 19, 2022 Share Posted September 19, 2022 On 9/16/2022 at 7:19 AM, B-Man said: So why is the Biden administration saying things are going better? Easy. There's an election in 6 weeks. Link to comment Share on other sites More sharing options...
Chef Jim Posted September 19, 2022 Share Posted September 19, 2022 15 minutes ago, reddogblitz said: Easy. There's an election in 6 weeks. And if the GOP had any marketing skills they'd play that tone deaf interview in loop over and over and over.............. But they won't. They'll just keep shipping buses north because they are tone deaf too. 1 Link to comment Share on other sites More sharing options...
TH3 Posted September 19, 2022 Share Posted September 19, 2022 53 minutes ago, Chef Jim said: And if the GOP had any marketing skills they'd play that tone deaf interview in loop over and over and over.............. But they won't. They'll just keep shipping buses north because they are tone deaf too. I voted straight GOP till 2008, then they went off the rails. Dobbs, Gerrymandering, guns, CRT, Trump, WTAF. Fiscally conservative…socially progressive….That’s what most everyone wants….not that hard a recipe to follow…. Link to comment Share on other sites More sharing options...
Chef Jim Posted September 19, 2022 Share Posted September 19, 2022 19 minutes ago, TH3 said: I voted straight GOP till 2008, then they went off the rails. Dobbs, Gerrymandering, guns, CRT, Trump, WTAF. Fiscally conservative…socially progressive….That’s what most everyone wants….not that hard a recipe to follow…. Define socially progressive. 1 Link to comment Share on other sites More sharing options...
Big Blitz Posted September 20, 2022 Author Share Posted September 20, 2022 Hope it was all worth it. Special place in hell for the people that let China (still not held responsible and still locking people down) destroy the planet because Trump bad. Economic catastrophe is coming. 1 2 Link to comment Share on other sites More sharing options...
B-Man Posted September 20, 2022 Share Posted September 20, 2022 Electric Bills Soar Across the Country as Winter Looms By Katherine Blunt and Jennifer Hiller Rising natural-gas prices are expected to make it more expensive to light and heat homes in the coming months ... U.S. electric bills have soared, and are likely to move higher . ... U.S. utility customers, faced with some of their largest bills in years, are set to pay even more this winter as natural-gas prices continue to climb. Natural-gas prices have more than doubled this year .. https://www.wsj.com/articles/electric-bills-soar-across-the-country-as-winter-looms-11663493404 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 20, 2022 Share Posted September 20, 2022 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 20, 2022 Share Posted September 20, 2022 THE SPIN: US consumer spending rose in August as gas prices fell. THE REALITY: Americans Drowning In Long-Term Credit Card Debt. “According to an Aug. 30 report from the Federal Reserve Bank of New York, credit card balances increased by $46 billion from last year, becoming the second-biggest source of overall debt last quarter.” We’re spending more, getting less, and racking up unsustainable credit card balances in the process. https://www.cnn.com/2022/09/15/economy/august-retail-sales-consumer-spending/index.html https://www.zerohedge.com/personal-finance/americans-drowning-long-term-credit-card-debt-survey Link to comment Share on other sites More sharing options...
Recommended Posts