John from Riverside Posted August 9, 2023 Share Posted August 9, 2023 51 minutes ago, Irv said: Don’t lump me in with racists *****. Your words not mine 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted August 9, 2023 Share Posted August 9, 2023 1 hour ago, Irv said: Don’t lump me in with racists *****. Divide and conquer! Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted August 9, 2023 Share Posted August 9, 2023 On 8/2/2023 at 6:54 PM, The Frankish Reich said: But that kind of risk is also why Treasuries were downgraded. My general point: far, far too many people get their one-sided view of the news from sites/feeds that exist for the sole purpose of spitting out political hot takes that get clicks. So "Fitch downgrades treasuries" is immediately spun into "Bond rating agencies to Biden: Your Economy is a Wreck." Or from the other side: "Republicans Played With Fire in the Debt Ceiling Crisis, Now We Will All Pay More to Borrow." Too easy. just heard Mark Zandy (renowned economist) say that the rating drop is somewhat expected as the fed tightens the money supply to slow inflation. Banks can't lend as much, by design. So they make less money. The fed is trying to thread the needle and doing fairly well imo. 1 Link to comment Share on other sites More sharing options...
B-Man Posted August 9, 2023 Share Posted August 9, 2023 . 3 Link to comment Share on other sites More sharing options...
Big Blitz Posted August 9, 2023 Author Share Posted August 9, 2023 The stock market is not having a good month. Responding as expected to the news we might not enter a recession. Credit Card debt launched to over a trillion dollars this week. Confirming everyone is surviving on credit. Business are surviving on price increases and shrinkflation. It’s coming. Paying 15 dollars for your number 12 at Chick Fil A is not sustainable. It didn’t have to be this way. 2 Link to comment Share on other sites More sharing options...
Big Blitz Posted August 9, 2023 Author Share Posted August 9, 2023 On 8/2/2023 at 11:52 AM, B-Man said: Bidenomics update! 'Credit agency sees U.S. economy likely to slip into recession' The Biden White House's attempts to convince everybody the economy's doing just great -- all while many of our bank accounts, wallets, purses, investment portfolios, grocery & gas bills are telling a very different story -- continue. U.S. AAA debt rating gets a downgrade by Fitch MarketWatch https://www.marketwatch.com/story/u-s-aaa-debt-rating-gets-a-downgrade-by-fitch-credit-agency-sees-u-s-economy-likely-to-slip-into-recession-3bc4e22b?mod=mw_latestnews — Fitch Ratings cut its top credit ratings for the U.S. to AA+ from AAA on ... credit agency sees U.S. economy likely to slip into recession. Sorry I missed this post B-Man. I figured the economy was something Ds didn’t think was worth discussing either. Jobs report: US economy creates 187,000 new jobs in July as labor slowdown continues https://finance.yahoo.com/news/jobs-report-august-4-july-2023-123149729.html In true North Korea fashion this isn’t discussed like it would be if a certain Orange Man were POTUS. 3 Link to comment Share on other sites More sharing options...
Big Blitz Posted August 11, 2023 Author Share Posted August 11, 2023 They have been hoping to hold on thru 2024 1 Link to comment Share on other sites More sharing options...
BillsFanNC Posted August 11, 2023 Share Posted August 11, 2023 1 2 Link to comment Share on other sites More sharing options...
BillsFanNC Posted August 12, 2023 Share Posted August 12, 2023 1 1 Link to comment Share on other sites More sharing options...
TSOL Posted August 12, 2023 Share Posted August 12, 2023 The prices at the grocery store on individual items low key go up here and there.i do the shopping so I pay attention. Like cooking oil, for instance, seems to go up a little bit every time I go to buy it. 1 Link to comment Share on other sites More sharing options...
JDHillFan Posted August 13, 2023 Share Posted August 13, 2023 https://x.com/cnn/status/1690475767811952641?s=46&t=m9ymghRhnmwx_2PyTkQGCw The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics. cnn.it/3s8r5Yz That’s Brandonomics! 3 Link to comment Share on other sites More sharing options...
BillsFanNC Posted August 13, 2023 Share Posted August 13, 2023 2 minutes ago, JDHillFan said: https://x.com/cnn/status/1690475767811952641?s=46&t=m9ymghRhnmwx_2PyTkQGCw The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics. cnn.it/3s8r5Yz That’s Brandonomics! This is where useful idiots really show their dedication. Everyone who goes to the grocery store or restaurants experiences dollars sucked out of their wallet at a faster pace. But useful idiots will see it happen and deny it's happening. 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted August 13, 2023 Share Posted August 13, 2023 1 hour ago, JDHillFan said: https://x.com/cnn/status/1690475767811952641?s=46&t=m9ymghRhnmwx_2PyTkQGCw The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics. cnn.it/3s8r5Yz That’s Brandonomics! This is pretty terrible. Look like new numbers. We don't pay rent or a mortgage but do buy groceries obviously. have noticed those increasing but I'd estimate an extra $100/month. seems like housing costs are big part of this. Link to comment Share on other sites More sharing options...
ALF Posted August 13, 2023 Share Posted August 13, 2023 Covid caused a economic disaster not just for the US but the entire world. 1 1 Link to comment Share on other sites More sharing options...
Doc Posted August 13, 2023 Share Posted August 13, 2023 Along with price increases, I wonder how much shrinkflation (decreasing amount you get but paying the same or more) is going on? Link to comment Share on other sites More sharing options...
B-Man Posted August 13, 2023 Share Posted August 13, 2023 3 hours ago, ALF said: Covid caused a economic disaster not just for the US but the entire world. Agreed. And some countries handled their attempts to recover better than others. We have not. Economic Expert: ‘Transitory’ Inflation Enters 31st Month, and It’s Not Going Away. FTA: “The Consumer Price Index came out this morning and it showed no improvement over last month,” Tucker wrote. “It is still rocking at 3.2 percent with new strength in food and medicine. The sticky index is frustratingly high too at 5.4 percent.” As we face the 31st month of “transitory” inflation, we’ve also have almost that long a period in the Federal Reserve’s “war on inflation by raising rates higher and faster than in the whole history of the institution,” Tucker continued. “That said, in real terms, federal funds rates are still barely above zero. That’s because inflation is still rocking and eating away the dollar’s purchasing power.” The purchasing power of the U.S. dollar is declining at a somewhat less rapid rate than it was as of a year ago, Tucker noted. But the dollar is still declining, not hitting the Fed’s target. https://pjmedia.com/news-and-politics/catherinesalgado/2023/08/12/economic-expert-transitory-inflation-enters-31st-month-and-its-not-going-away-n1718725 Link to comment Share on other sites More sharing options...
B-Man Posted August 13, 2023 Share Posted August 13, 2023 Link to comment Share on other sites More sharing options...
TSOL Posted August 13, 2023 Share Posted August 13, 2023 The reason they have to raise interest rates is because they printed too much money. It all started with the stimulus checks at the beginning of the pandemic. Anyone with any sense could see that that action was going to put the economy in tailspin for years to come. I do hope you all enjoyed your $1600 bucks though, or whatever it was 1 Link to comment Share on other sites More sharing options...
Big Blitz Posted August 14, 2023 Author Share Posted August 14, 2023 https://x.com/wallstreetsilv/status/1690919807888105472?s=46&t=XnJPB0vm-gWk34ikDvnV1g Link to comment Share on other sites More sharing options...
Doc Posted August 14, 2023 Share Posted August 14, 2023 Scary. 1 Link to comment Share on other sites More sharing options...
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