How much did you pay for gas and groceries today?

[B-Man]

4 minutes ago, PetermansRedemption said:

Will Biden still tout the “Fastest growing economy in the world” 

 

 

That's an easy one.

 

 

Yes.

 

 

[SoCal Deek]

2 hours ago, B-Man said:

 

 

That's an easy one.

 

 

Yes.

 

 

Putin’s Recession! 

[Tenhigh]

Just now, SoCal Deek said:

Putin’s Recession! 

[Irv]

What a mess. Is there anything else Joke Biden can ***** up?   

[Big Blitz]

5 hours ago, The Frankish Reich said:

So I guess the extraordinary market interventions that the political branches and the Federal Reserve took over the last 27 months had nothing to do with the remarkable gains in the market? The gains that are now being washed away by a return to reality?

 

 

Gains were stopped in March of 2020 by the most vile evil moronic sheep on Earth

 

Where did Covid go? 

 

We all safe now?

 

Who here didn't get Covid?  Anyone?  

 

What a miracle.   Good thing we shut down the Earth for 18 months.  We saved billions - and prevented VARIANTS

[Big Blitz]

 

 

 

Agree with all this.  

[Big Blitz]

Omg...

 

 

 

[Orlando Tim]

10 hours ago, Big Blitz said:

 

 

Gains were stopped in March of 2020 by the most vile evil moronic sheep on Earth

 

Where did Covid go? 

 

We all safe now?

 

Who here didn't get Covid?  Anyone?  

 

What a miracle.   Good thing we shut down the Earth for 18 months.  We saved billions - and prevented VARIANTS

I am actually surprised by how many people still think the lockdowns where a good idea. Literally not one good came from it overall, we likely saved no lives, we damaged our economy greatly, we destroyed children's educations and mental health, the list is extensive. I will not bash it at the begining due to the semi-unprecedented nature but if you can look back and actually argue it was handled well you are a person who does not learn from mistakes.

[Chef Jim]

17 hours ago, The Frankish Reich said:

So I guess the extraordinary market interventions that the political branches and the Federal Reserve took over the last 27 months had nothing to do with the remarkable gains in the market? The gains that are now being washed away by a return to reality?

I should know. I moved a bunch of money out of the markets when COVID hit based on the rational expectation that a pandemic would launch the world into recession.  Government interventions - truly extraordinary ones like propping up the junk bond market that I stupidly didn’t anticipate - delayed that by 2 years, but I missed out on a lot of the run-up. Just like I’m missing out on the thrill of the decline right now. 
TINSTAAFL 

You pulled money out of the Market when Covid hit?  Good job.  Sell low buy high?  Is that your motto?  

[The Frankish Reich]

1 hour ago, Chef Jim said:

You pulled money out of the Market when Covid hit?  Good job.  Sell low buy high?  Is that your motto?  

I pulled money out of the markets when COVID hit because I did not anticipate the truly unprecedented governmental interventions that propped the market up for the last 2 years. Knowing what I know now, that was a mistake. But it was a rational decision at the time. For example: I pulled money out of high yield (“junk”) bond funds based on my reasonable expectation of a wave of defaults. That didn’t happen because the Fed did the previously unimaginable: it intervened to prop up junk bonds. 

I think all of these interventions were harmful in the long run, and not just because I missed out on some of the fake money rise in the markets. My point is this: some of you guys want to have it both ways: Blame Biden for the bursting of the bubble that was deliberately created by the Fed before Biden was even President. Biden hasn’t exactly made things better, but as I learned from the conservative economist decades ago: inflation is always and everywhere the result of loose monetary policy. If you made a lot of money in the markets over the last two years, good for you. But you do realize you are cheering on government creation of a bubble economy? And now bitching about that very same bubble bursting?

https://www.google.com/amp/s/www.cnbc.com/amp/2020/08/10/the-fed-bought-more-blue-chip-and-junk-bonds-and-has-started-making-main-street-loans.html

 

[B-Man]

 

 

10.8 %

 

 

 

 

 

 

[Chef Jim]

27 minutes ago, The Frankish Reich said:

I pulled money out of the markets when COVID hit because I did not anticipate the truly unprecedented governmental interventions that propped the market up for the last 2 years. Knowing what I know now, that was a mistake. But it was a rational decision at the time. For example: I pulled money out of high yield (“junk”) bond funds based on my reasonable expectation of a wave of defaults. That didn’t happen because the Fed did the previously unimaginable: it intervened to prop up junk bonds. 

I think all of these interventions were harmful in the long run, and not just because I missed out on some of the fake money rise in the markets. My point is this: some of you guys want to have it both ways: Blame Biden for the bursting of the bubble that was deliberately created by the Fed before Biden was even President. Biden hasn’t exactly made things better, but as I learned from the conservative economist decades ago: inflation is always and everywhere the result of loose monetary policy. If you made a lot of money in the markets over the last two years, good for you. But you do realize you are cheering on government creation of a bubble economy? And now bitching about that very same bubble bursting?

https://www.google.com/amp/s/www.cnbc.com/amp/2020/08/10/the-fed-bought-more-blue-chip-and-junk-bonds-and-has-started-making-main-street-loans.html

 

 

Not knowing your age it's hard to say but pulling your money out of the market is one of the most irrational things you can do.  You have to be right twice when even the best are many times not right once. You have to be right when to get out and the most crucial part is when to get back in.  

 

And good job of brining up the "blame Biden" ***** when I the only person I blamed on this was YOU!

 

Carry on partisan assumption boy! 

[Tiberius]

32 minutes ago, B-Man said:

 

 

10.8 %

 

 

 

 

 

 

What will the GOP do about this if they are returned to power? More tax cuts for the wealthy? 

[SoCal Deek]

1 hour ago, Tiberius said:

What will the GOP do about this if they are returned to power? More tax cuts for the wealthy? 

Why are you so fixated on what I pay in taxes? You don’t see me complaining that you don’t pay anything. Shouldn’t it be the other way around ?

[The Frankish Reich]

1 hour ago, Chef Jim said:

Not knowing your age it's hard to say but pulling your money out of the market is one of the most irrational things you can do

Well, my age (and my kids age - I’d saved enough to cover college) does have a lot to do with it. And I didn’t move    completely out of the market, just heavily rebalanced. I’m fine with missing out on some of the run up since I’m not sweating the bear market now. 
I’m not sure what’s “partisan” about criticizing Trump’s  (and Biden’s!) Fed Chair … I just quoted Milton Friedman, but maybe that was waaaay over your amateur investor’s head. I hope your risotto is better than your economics. 

[Chef Jim]

9 hours ago, The Frankish Reich said:

Well, my age (and my kids age - I’d saved enough to cover college) does have a lot to do with it. And I didn’t move    completely out of the market, just heavily rebalanced. I’m fine with missing out on some of the run up since I’m not sweating the bear market now. 
I’m not sure what’s “partisan” about criticizing Trump’s  (and Biden’s!) Fed Chair … I just quoted Milton Friedman, but maybe that was waaaay over your amateur investor’s head. I hope your risotto is better than your economics. 

So you went from pulling all your money out of the market to heavily rebalancing….whatever that means.  🙄

[B-Man]

 

 

President Joke Biden.

 

 

 

[Tiberius]

1 minute ago, B-Man said:

 

 

President Joke Biden.

 

 

 

Gas prices are high all over the world 

[B-Man]

1 minute ago, Tiberius said:

Gas prices are high all over the world 

 

 

Tibs, that doesn't remotely address Resident Biden's false claim about the "lack of gasoline"....................but you knew that.

 

 

 

 

 

Also:

 

Good to see that the Biden administration is all on the same page.

 

 

[B-Man]

 

 

 

 

 

[T master]

Well yesterday i filled my truck it use to be when reading 1/4 tank between $48 to $50 & it is now $110 .

 

Got 5 of the small walmart bags of groceries yesterday too & it was $120 not exactly sure how much more that is but i know it is more .

 

A friend of mine had his son drive him to work this week because he owns a diesel pick up & fuel is close to $6.00 a gallon here in TN. I wish Joe would hurry up & kiss Saudi Arabia's or Venezuela's a** so the price would go down .

 

That dam Putin !!! 

Edited June 15, 2022 by T master

[ALF]

Baby formula production halted at Abbott's Michigan plant due to flooding after severe storms
The shutdown of the Abbott plant is likely to delay baby formula production for a few weeks

 

https://www.foxbusiness.com/lifestyle/abbott-baby-formula-production-halted-michigan-plant-storms

[Orlando Tim]

On 6/14/2022 at 12:46 PM, Tiberius said:

What will the GOP do about this if they are returned to power? More tax cuts for the wealthy? 

What do you suggest happens?

[OrangeBills]

Just now, Buffalo Timmy said:

What do you suggest happens?

 

It's just that Tibs is a Leftist and has no idea how incentives work in an Economy.  He can't track or understand rates of return, capital flows, etc etc

 

For instance, Leftists are crowing about "Biden Deficit Reduction", but that's because they're too stupid to realize that's resultant from the Federal Reserve and Federal Gov't just PUMPING money into the Markets and Economy, leading to Trillions in short-term paper wealth profits, leading to lesser-Trillions in short-term cap-gains tax receipts, but ultimately not fundamentally changing anything, and in fact leading to this hyper-inflationary situation that's going to destroy livelihoods faster than they can say "Fossil Fuels Are Bad"

[Tiberius]

11 minutes ago, Buffalo Timmy said:

What do you suggest happens?

The American people should solve this. Everyone should improve their gas milage. Smaller cars, more fuel efficient and that will save people money and drive down costs. 

7 minutes ago, OrangeBills said:

 

It's just that Tibs is a Leftist and has no idea how incentives work in an Economy.  He can't track or understand rates of return, capital flows, etc etc

 

For instance, Leftists are crowing about "Biden Deficit Reduction", but that's because they're too stupid to realize that's resultant from the Federal Reserve and Federal Gov't just PUMPING money into the Markets and Economy, leading to Trillions in short-term paper wealth profits, leading to lesser-Trillions in short-term cap-gains tax receipts, but ultimately not fundamentally changing anything, and in fact leading to this hyper-inflationary situation that's going to destroy livelihoods faster than they can say "Fossil Fuels Are Bad"

So you have zero ideas. Ok) 

[OrangeBills]

12 minutes ago, Tiberius said:

The American people should solve this. Everyone should improve their gas milage. Smaller cars, more fuel efficient and that will save people money and drive down costs. 

So you have zero ideas. Ok) 

 

Wrong

 

Declare COVID over.  We can debate about what it ever was (it was a global Psy Op that we fell for) but no matter, it's gone and is dramatically affecting our economy.  People need to go to work.  The Biden Admin needs to have the courage to declare this "Pandemic" is no longer a National Emergency and people need to get back to work to earn a living.

 

Remove the punitive language and disincentives toward Energy production...ESG-related innovations are happening regardless, no need to punish the lower-40% of Americans to make John Kerry happy.

 

Yes, maintain low overall Tax rates.  It's an important incentive to invest here.

 

Essentially, just do every thing that Trump was doing without the bombast that weak-minded Leftists can't take (nevermind that the Racist and Hate nonsense was creationism by radical Leftist media)

 

 

[Tiberius]

3 minutes ago, OrangeBills said:

 

Wrong

 

Declare COVID over.  We can debate about what it ever was (it was a global Psy Op that we fell for) but no matter, it's gone and is dramatically affecting our economy.  People need to go to work.  The Biden Admin needs to have the courage to declare this "Pandemic" is no longer a National Emergency and people need to get back to work to earn a living.

 

Remove the punitive language and disincentives toward Energy production...ESG-related innovations are happening regardless, no need to punish the lower-40% of Americans to make John Kerry happy.

 

Yes, maintain low overall Tax rates.  It's an important incentive to invest here.

 

Essentially, just do every thing that Trump was doing without the bombast that weak-minded Leftists can't take (nevermind that the Racist and Hate nonsense was creationism by radical Leftist media)

 

 

Global psyop??? Ha ha 

 

Whatever 

[B-Man]

 

 

The Biden Recession Has Arrived

 

No doubt about it, the economic news in recent weeks has been relentlessly negative. Indicator after indicator shows activity plunging sharply in key parts of the economy. Now, a widely followed indicator signals economic growth is likely to be zero in the current quarter, after the first quarter’s “unexpected” 1.4% decline.

Buckle up, looks like we’re entering a recession, folks.

 

Let’s review just some of the economic carnage of recent days:

 

The Fed raised interest rates by 3/4 of a percentage point on Wednesday, the largest hike since 1994, as the central bank desperately tries to rein in our near-9% inflation rate. Mortgage rates surged above 6%, the highest since 2008, a level that is likely to tank home sales and hit consumers’ pocketbooks hard as adjustable-rate mortgages move upward along with interest rates.

 

Producer prices soared at a 10.8% rate in May, an ominous sign of higher inflation for consumers down the road. That followed last week’s 8.6% yearly CPI number, the highest since 1981.

 

Retail sales fell 0.3% in May, but jumped 8.1% from a year earlier. A good sign? Hardly. Adjusted for CPI inflation, growth was minus 0.5%.

 

Small business optimism is its lowest ever, the National Federation of Independent Business said. This is key because small businesses are the No. 1 employer in America, usually first to hire in good times and first to fire in a slump.

 

“Meanwhile,” AP reports, “the national average price at the pump reached $5.01 per gallon on Tuesday, up from $4.45 a month ago, and surging more than 60% in one year.”

 

And before Wednesday, when the stock market rallied in relief that the Fed finally recognized the seriousness of the inflation problem, all of the post-Trump stock market gains had been erased.

 

The Atlanta Fed’s GDPNow indicator, a kind of running tab of GDP data, fell to zero on Wednesday. A rule of thumb says two or more quarters of zero or negative growth equals a recession. By that standard, the Biden recession is here.

 

To sum it all up, “Between bad fiscal policy, bad monetary policy, and terrible energy policy, this is the witch’s brew that created this record-high inflation,” former Trump economic adviser Larry Kudlow told Fox Business’ Stuart Varney on Wednesday.

 

Joe Biden let it happen by following the awful advice of his White House advisers and the far-left Clown College he calls a Cabinet, possibly the most inept collection of political ideologues in our nation’s history. And that’s saying a lot.

 

https://issuesinsights.com/2022/06/16/bidens-recession-from-risk-to-real/

 

[716er]

1 hour ago, OrangeBills said:

Declare COVID over.  We can debate about what it ever was (it was a global Psy Op that we fell for)

 

Dumbest thing ever written on PPP

 

Congrats

[wnyguy]

11 minutes ago, 716er said:

 

Dumbest thing ever written on PPP

 

Congrats

I would suggest the dumbest post ever is "I voted for Biden".

[Orlando Tim]

3 hours ago, Tiberius said:

The American people should solve this. Everyone should improve their gas milage. Smaller cars, more fuel efficient and that will save people money and drive down costs. 

So the Carter sweater policy? Decrease demand for energy? Ok- it sadly is the best idea I heard from a liberal in a long time because at least it won't make things worse.

[Tiberius]

35 minutes ago, Buffalo Timmy said:

So the Carter sweater policy? Decrease demand for energy? Ok- it sadly is the best idea I heard from a liberal in a long time because at least it won't make things worse.

Stop looking to government to solve all your problems! 

[Tiberius]

Government, I want a big truck, make it cheap to drive. I don't want to take control of my own life 

[Over 29 years of fanhood]

22 hours ago, B-Man said:

 

 

 

 

 

Oooops said the quiet part out loud 

2 minutes ago, Tiberius said:

Government, I want a big truck, make it cheap to drive. I don't want to take control of my own life 

Economics make it cheap to drive. If the government got out of the way gas would be $1 a gallon

[sherpa]

4 minutes ago, Tiberius said:

Government, I want a big truck, make it cheap to drive. I don't want to take control of my own life 

 

Or:

Government, don't screw up a pretty good system that works for all.

We're way beyond that.

Hopefully, that changes.

[Chef Jim]

6 minutes ago, Tiberius said:

Government, I want a big truck, make it cheap to drive. I don't want to take control of my own life 

Oh this won’t age well.  Not at all. 😂

[Tiberius]

1 minute ago, sherpa said:

 

Or:

Government, don't screw up a pretty good system that works for all.

We're way beyond that.

Hopefully, that changes.

Which government? Gas prices are high everywhere 

[Orlando Tim]

54 minutes ago, Tiberius said:

Stop looking to government to solve all your problems! 

How about they simply stop causing so many problems? 

[BillsFanNC]

 

[Tiberius]

17 minutes ago, Buffalo Timmy said:

How about they simply stop causing so many problems? 

They do. I get it, you hate the government and want to undermine it