Recession is upon us - disastrous economic data

[Big Blitz]

Global disaster back on. 
 

Am I doing this right?

 

 

 

[Roundybout]

10 hours ago, Big Blitz said:

Global disaster back on. 
 

Am I doing this right?

 

 

 

Damn, looks like Biden hit the “bad economy” button again 

[Trump_is_Mentally_fit]

Ah, nice to see the stock market bounce back strong again today 👍

[Big Blitz]

6 hours ago, Tiberius said:

Ah, nice to see the stock market bounce back strong again today 👍

 

Any updates?

[Trump_is_Mentally_fit]

1 minute ago, Big Blitz said:

 

Any updates?

Got sour after mid day 

[The Frankish Reich]

10 hours ago, Roundybout said:

Damn, looks like Biden hit the “bad economy” button again 

Trump will fire the Chair of the Japanese Central Bank.

[RiotAct]

8 hours ago, Tiberius said:

Ah, nice to see the stock market bounce back strong again today 👍

lulz

[Big Blitz]

 

[The Frankish Reich]

29 minutes ago, Big Blitz said:

 

In other words: LULU P/E ratio is now 18.71.

Shocking. Shockingly normal, that is.

[Big Blitz]

18 minutes ago, The Frankish Reich said:

In other words: LULU P/E ratio is now 18.71.

Shocking. Shockingly normal, that is.

 

Ummmm…..ok. 
 

Again nothing to see here!  

[reddogblitz]

1 hour ago, Big Blitz said:

 

 

Buy low. Sell high.

[The Frankish Reich]

10 minutes ago, Big Blitz said:

 

Ummmm…..ok. 
 

Again nothing to see here!  

Perhaps you'd like to share your research regarding the growth potential of LULU going forward and why it would justify a 60+ PE.

[Big Blitz]

14 minutes ago, The Frankish Reich said:

Perhaps you'd like to share your research regarding the growth potential of LULU going forward and why it would justify a 60+ PE.

 

 

My post wasn’t to say the company is collapsing.  The bigger story is Nike.  

Its earnings and stock drops are indicative of a declining economy and less demand.  If its competitors were surging or for some reason no one wants yoga pants anymore …. But I’m not aware of that.   

[Joe Ferguson forever]

Jamie says no

https://finance.yahoo.com/news/is-the-us-currently-in-a-recession-not-at-all-jamie-dimon-201904620.html

[Tommy Callahan]

 

[Big Blitz]

Can any married 20 or 30 something’s afford having 2 kids in say 3 years as per the norm 30-40 plus years ago?  
 

Exactly.  All you need to know about what’s happened.  This probably wasn’t even possible 15 years ago let alone now.  Families of middle class folks with 2-3 kids and an affordable mortgage is no longer affordable.  
 

But let’s rely on data showing how the upper 1 percent are keeping this afloat while the politicians lie and steal from us.    
 

Real incomes have crashed.  
 

Prices have skyrocketed.  
 

They changed the meaning of the word recession so suburban woman think everything is awesome bc at least they can scroll thru TikTok.  
 

Let’s also to continue to hear that from people who have zero skin in the game - meaning no kids maybe 1 and zero grandkids.   

[The Frankish Reich]

55 minutes ago, Big Blitz said:

Can any married 20 or 30 something’s afford having 2 kids in say 3 years as per the norm 30-40 plus years ago?

Yes. If they get a good education and choose to live in, say, Buffalo or Rochester or Albany. 
No, if they don’t get a good education or learn a trade or choose to live in Los Angeles or NYC or Boston. 
Yes, if they’re fine with living in the 1100 square foot starter home in Buffalo that I grew up in. 
No, if they think they deserve a 3,000 square foot McMansion. 

 

[The Frankish Reich]

11 hours ago, Big Blitz said:

 

 

My post wasn’t to say the company is collapsing.  The bigger story is Nike.  

Its earnings and stock drops are indicative of a declining economy and less demand.  If its competitors were surging or for some reason no one wants yoga pants anymore …. But I’m not aware of that.   

Wow, Under Armour up 19 percent today. 
It’s almost as if investors look at expected future earnings and buy and sell accordingly. 

[joshypoo]

2 hours ago, Big Blitz said:

Can any married 20 or 30 something’s afford having 2 kids in say 3 years as per the norm 30-40 plus years ago?  
 

Exactly.  All you need to know about what’s happened.  This probably wasn’t even possible 15 years ago let alone now.  Families of middle class folks with 2-3 kids and an affordable mortgage is no longer affordable.  
 

But let’s rely on data showing how the upper 1 percent are keeping this afloat while the politicians lie and steal from us.    
 

Real incomes have crashed.  
 

Prices have skyrocketed.  
 

They changed the meaning of the word recession so suburban woman think everything is awesome bc at least they can scroll thru TikTok.  
 

Let’s also to continue to hear that from people who have zero skin in the game - meaning no kids maybe 1 and zero grandkids.   

kids suck. not my fault people can’t afford them.

[Big Blitz]

On 8/4/2024 at 9:43 PM, Big Blitz said:

 

I feel like we’re just a few small steps away from waking up one day and we’ve become Venezuela.   
 

The economy will get so bad we’re going to start seeing the 1% bail and get out while their industries become fully nationalized.  
 

TIME TO WAKE UP
 

 

 

California will show us the way to full Venezuela.   

 

 

California Energy Commission Proposes State Takeover Of Oil Refineries

 

‘Californians Deserve a Strategic Transition Away from Petroleum Transportation Fuels’

 

https://californiaglobe.com/articles/california-energy-commission-proposes-state-takeover-of-oil-refineries/