"The cost of money is not currently included in traditional price indexes, indicating a disconnect between the measures favored by economists and the effective costs borne by consumers. We show that the lows in US consumer sentiment that cannot be explained by unemployment and official inflation are strongly correlated with borrowing costs and consumer credit supply. Concerns over borrowing costs, which have historically tracked the cost of money, are at their highest levels since the Volcker-era."
Full link to article: https://www.nber.org/papers/w32163
America First
1
To remove first post, remove entire topic.
Educamacation time....
Surprisingly, brought to you by esteemed Epstein Island VIP, famed economist and former US Treasury Secretary Mr. Lawrence Summers.
"The cost of money is not currently included in traditional price indexes, indicating a disconnect between the measures favored by economists and the effective costs borne by consumers. We show that the lows in US consumer sentiment that cannot be explained by unemployment and official inflation are strongly correlated with borrowing costs and consumer credit supply. Concerns over borrowing costs, which have historically tracked the cost of money, are at their highest levels since the Volcker-era."
Full link to article: https://www.nber.org/papers/w32163
More commentary on the real world and not the imaginary fairytale world that is spun in this cesspool sub by the various clown show performers cutting & pasting the regime propaganda....
"Sticky price CPI 3m annualized rate is 5% up from 3.5% mid 2023. That’s ZERO progress from January 2022.
Core inflation is stuck at 4%. 3 and 6 months annualized and y/y rates are all between 3.8% and 4.2%. Median headline CPI is at 4.6%.
It’s really hard to model a realistic scenario where headline slides down to below 3% before next year. That’s still a far cry from 2%. Hope this demonstrates factually and with intellectual rigor and honesty how fucked the Fed is. If they don’t right this, the battle against inflation might well be lost in absence of a major recession."
America First
4
More commentary on the real world and not the imaginary fairytale world that is spun in this cesspool sub by the various clown show performers cutting & pasting the regime propaganda....
"Sticky price CPI 3m annualized rate is 5% up from 3.5% mid 2023. That’s ZERO progress from January 2022.
Core inflation is stuck at 4%. 3 and 6 months annualized and y/y rates are all between 3.8% and 4.2%. Median headline CPI is at 4.6%.
It’s really hard to model a realistic scenario where headline slides down to below 3% before next year. That’s still a far cry from 2%. Hope this demonstrates factually and with intellectual rigor and honesty how fucked the Fed is. If they don’t right this, the battle against inflation might well be lost in absence of a major recession."
More commentary on the real world and not the imaginary fairytale world that is spun in this cesspool sub by the various clown show performers cutting & pasting the regime propaganda.... "Sticky price CPI 3m annualized rate is 5% up from 3.5% mid 2023. That’s ZERO progress from January 2022. Core inflation is stuck at 4%. 3 and 6 months annualized and y/y rates are all between 3.8% and 4.2%. Median headline CPI is at 4.6%. It’s really hard to model a realistic scenario where headline slides down to below 3% before next year. That’s still a far cry from 2%. Hope this demonstrates factually and with intellectual rigor and honesty how fucked the Fed is. If they don’t right this, the battle against inflation might well be lost in absence of a major recession."
Most know and see the mainstream media is trying to convince people with smoke and mirrors that the border, economy, out-of-control crime and world order is simply wonderful. Very few will buy into the lies and what this inept, weak, lead from behind administration did to the US and World.
4
Quote Originally Posted by kcblitzkrieg:
More commentary on the real world and not the imaginary fairytale world that is spun in this cesspool sub by the various clown show performers cutting & pasting the regime propaganda.... "Sticky price CPI 3m annualized rate is 5% up from 3.5% mid 2023. That’s ZERO progress from January 2022. Core inflation is stuck at 4%. 3 and 6 months annualized and y/y rates are all between 3.8% and 4.2%. Median headline CPI is at 4.6%. It’s really hard to model a realistic scenario where headline slides down to below 3% before next year. That’s still a far cry from 2%. Hope this demonstrates factually and with intellectual rigor and honesty how fucked the Fed is. If they don’t right this, the battle against inflation might well be lost in absence of a major recession."
Most know and see the mainstream media is trying to convince people with smoke and mirrors that the border, economy, out-of-control crime and world order is simply wonderful. Very few will buy into the lies and what this inept, weak, lead from behind administration did to the US and World.
Quote Originally Posted by kcblitzkrieg: More commentary on the real world and not the imaginary fairytale world that is spun in this cesspool sub by the various clown show performers cutting & pasting the regime propaganda.... "Sticky price CPI 3m annualized rate is 5% up from 3.5% mid 2023. That’s ZERO progress from January 2022. Core inflation is stuck at 4%. 3 and 6 months annualized and y/y rates are all between 3.8% and 4.2%. Median headline CPI is at 4.6%. It’s really hard to model a realistic scenario where headline slides down to below 3% before next year. That’s still a far cry from 2%. Hope this demonstrates factually and with intellectual rigor and honesty how fucked the Fed is. If they don’t right this, the battle against inflation might well be lost in absence of a major recession." Most know and see the mainstream media is trying to convince people with smoke and mirrors that the border, economy, out-of-control crime and world order is simply wonderful. Very few will buy into the lies and what this inept, weak, lead from behind administration did to the US and World.
You are exactly, right... It's really despicable and seems to have gotten only worse in recent years.
How else do you explain our bright "economists" and "media" adoring Biden w/ being the #14 best President . I don't think it's even debatable ; Biden has been the biggest dipshit, unintelligent, worst president in our lifetimes... and it's not even close.
I only have to mention Afghanistan, Ukraine, and Gaza, and people will realize how bad of a president he is..... and we're just talking about "foreign policy." Robert Gates was right.. Robert Gates, who served as secretary of Defense in the Obama-Biden administration, famously disparaged Joe Biden's 40-year involvement in foreign policy before he became president: “He has been wrong on nearly every major issue.”
This has not gotten any better w/ Biden as President. The guy is just flat out dumb..... and arrogant.
6
Quote Originally Posted by witswits:
Quote Originally Posted by kcblitzkrieg: More commentary on the real world and not the imaginary fairytale world that is spun in this cesspool sub by the various clown show performers cutting & pasting the regime propaganda.... "Sticky price CPI 3m annualized rate is 5% up from 3.5% mid 2023. That’s ZERO progress from January 2022. Core inflation is stuck at 4%. 3 and 6 months annualized and y/y rates are all between 3.8% and 4.2%. Median headline CPI is at 4.6%. It’s really hard to model a realistic scenario where headline slides down to below 3% before next year. That’s still a far cry from 2%. Hope this demonstrates factually and with intellectual rigor and honesty how fucked the Fed is. If they don’t right this, the battle against inflation might well be lost in absence of a major recession." Most know and see the mainstream media is trying to convince people with smoke and mirrors that the border, economy, out-of-control crime and world order is simply wonderful. Very few will buy into the lies and what this inept, weak, lead from behind administration did to the US and World.
You are exactly, right... It's really despicable and seems to have gotten only worse in recent years.
How else do you explain our bright "economists" and "media" adoring Biden w/ being the #14 best President . I don't think it's even debatable ; Biden has been the biggest dipshit, unintelligent, worst president in our lifetimes... and it's not even close.
I only have to mention Afghanistan, Ukraine, and Gaza, and people will realize how bad of a president he is..... and we're just talking about "foreign policy." Robert Gates was right.. Robert Gates, who served as secretary of Defense in the Obama-Biden administration, famously disparaged Joe Biden's 40-year involvement in foreign policy before he became president: “He has been wrong on nearly every major issue.”
This has not gotten any better w/ Biden as President. The guy is just flat out dumb..... and arrogant.
The real world effect for most is gas & groceries. In my area gas is $4.10/gallon vs. around $2 a few years ago, & eggs are now $3.99/dozen vs. $1.39 a few years ago.
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The real world effect for most is gas & groceries. In my area gas is $4.10/gallon vs. around $2 a few years ago, & eggs are now $3.99/dozen vs. $1.39 a few years ago.
Quote Originally Posted by witswits: Quote Originally Posted by kcblitzkrieg: More commentary on the real world and not the imaginary fairytale world that is spun in this cesspool sub by the various clown show performers cutting & pasting the regime propaganda.... "Sticky price CPI 3m annualized rate is 5% up from 3.5% mid 2023. That’s ZERO progress from January 2022. Core inflation is stuck at 4%. 3 and 6 months annualized and y/y rates are all between 3.8% and 4.2%. Median headline CPI is at 4.6%. It’s really hard to model a realistic scenario where headline slides down to below 3% before next year. That’s still a far cry from 2%. Hope this demonstrates factually and with intellectual rigor and honesty how fucked the Fed is. If they don’t right this, the battle against inflation might well be lost in absence of a major recession." Most know and see the mainstream media is trying to convince people with smoke and mirrors that the border, economy, out-of-control crime and world order is simply wonderful. Very few will buy into the lies and what this inept, weak, lead from behind administration did to the US and World. You are exactly, right... It's really despicable and seems to have gotten only worse in recent years. How else do you explain our bright "economists" and "media" adoring Biden w/ being the #14 best President . I don't think it's even debatable ; Biden has been the biggest dipshit, unintelligent, worst president in our lifetimes... and it's not even close. I only have to mention Afghanistan, Ukraine, and Gaza, and people will realize how bad of a president he is..... and we're just talking about "foreign policy." Robert Gates was right.. Robert Gates, who served as secretary of Defense in the Obama-Biden administration, famously disparaged Joe Biden's 40-year involvement in foreign policy before he became president: “He has been wrong on nearly every major issue.” This has not gotten any better w/ Biden as President. The guy is just flat out dumb..... and arrogant.
1
Quote Originally Posted by Rush51:
Quote Originally Posted by witswits: Quote Originally Posted by kcblitzkrieg: More commentary on the real world and not the imaginary fairytale world that is spun in this cesspool sub by the various clown show performers cutting & pasting the regime propaganda.... "Sticky price CPI 3m annualized rate is 5% up from 3.5% mid 2023. That’s ZERO progress from January 2022. Core inflation is stuck at 4%. 3 and 6 months annualized and y/y rates are all between 3.8% and 4.2%. Median headline CPI is at 4.6%. It’s really hard to model a realistic scenario where headline slides down to below 3% before next year. That’s still a far cry from 2%. Hope this demonstrates factually and with intellectual rigor and honesty how fucked the Fed is. If they don’t right this, the battle against inflation might well be lost in absence of a major recession." Most know and see the mainstream media is trying to convince people with smoke and mirrors that the border, economy, out-of-control crime and world order is simply wonderful. Very few will buy into the lies and what this inept, weak, lead from behind administration did to the US and World. You are exactly, right... It's really despicable and seems to have gotten only worse in recent years. How else do you explain our bright "economists" and "media" adoring Biden w/ being the #14 best President . I don't think it's even debatable ; Biden has been the biggest dipshit, unintelligent, worst president in our lifetimes... and it's not even close. I only have to mention Afghanistan, Ukraine, and Gaza, and people will realize how bad of a president he is..... and we're just talking about "foreign policy." Robert Gates was right.. Robert Gates, who served as secretary of Defense in the Obama-Biden administration, famously disparaged Joe Biden's 40-year involvement in foreign policy before he became president: “He has been wrong on nearly every major issue.” This has not gotten any better w/ Biden as President. The guy is just flat out dumb..... and arrogant.
Harvard Gazette reports that economist Lawrence Summers supports Biden's Inflation reduction act because it would help environment, healthcare, tax system and lower inflation.
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Harvard Gazette reports that economist Lawrence Summers supports Biden's Inflation reduction act because it would help environment, healthcare, tax system and lower inflation.
Harvard Gazette reports that economist Lawrence Summers supports Biden's Inflation reduction act because it would help environment, healthcare, tax system and lower inflation.
If anyone wants to read more into L. Summers, go for it. You can open a can of worms on why this guy shouldn't be trusted. This guy sure does love to resign from short term positions that he holds right before lawbreaking scandals break out and there's a long list of them. Seems fitting that he aligns with the democrats. Thanks Third.
2
Quote Originally Posted by thirdperson:
Harvard Gazette reports that economist Lawrence Summers supports Biden's Inflation reduction act because it would help environment, healthcare, tax system and lower inflation.
If anyone wants to read more into L. Summers, go for it. You can open a can of worms on why this guy shouldn't be trusted. This guy sure does love to resign from short term positions that he holds right before lawbreaking scandals break out and there's a long list of them. Seems fitting that he aligns with the democrats. Thanks Third.
Quote Originally Posted by thirdperson: Harvard Gazette reports that economist Lawrence Summers supports Biden's Inflation reduction act because it would help environment, healthcare, tax system and lower inflation. University President Lawrence H. Summers announced yesterday that he would step down from his post at the end of June, bringing to an end the shortest tenure of a Harvard chief since the Civil War https://www.thecrimson.com/article/2006/2/22/summers-resigns-shortest-term-since-civil/ If anyone wants to read more into L. Summers, go for it. You can open a can of worms on why this guy shouldn't be trusted. This guy sure does love to resign from short term positions that he holds right before lawbreaking scandals break out and there's a long list of them. Seems fitting that he aligns with the democrats. Thanks Third.
What does the Harvard Gazette have to say about that?
2
Quote Originally Posted by BigGame90:
Quote Originally Posted by thirdperson: Harvard Gazette reports that economist Lawrence Summers supports Biden's Inflation reduction act because it would help environment, healthcare, tax system and lower inflation. University President Lawrence H. Summers announced yesterday that he would step down from his post at the end of June, bringing to an end the shortest tenure of a Harvard chief since the Civil War https://www.thecrimson.com/article/2006/2/22/summers-resigns-shortest-term-since-civil/ If anyone wants to read more into L. Summers, go for it. You can open a can of worms on why this guy shouldn't be trusted. This guy sure does love to resign from short term positions that he holds right before lawbreaking scandals break out and there's a long list of them. Seems fitting that he aligns with the democrats. Thanks Third.
What does the Harvard Gazette have to say about that?
Inflation has bottomed and is on the rise again. FED doesn't care, risk assets will continue to moon with the rising inflation and the poor and middle class will continue to be beat down and suffer the most. The rich will continue to get richer through rising asset values.
Good summary of what to expect....
"The wealth effect will continue amplify as markets move higher, driving consumption in the upper-middle and upper class up. This should continue to bolster corporate profits as they make more money selling few goods to fewer people. The lower class already unable to afford basic necessities and shelter will be pushed further into debt with no reprieve leaving them unable to capitalize on any eventual fallout from theses events. Another generation put behind."
America First
0
JPOW has abandoned their 2% mandate.
Inflation has bottomed and is on the rise again. FED doesn't care, risk assets will continue to moon with the rising inflation and the poor and middle class will continue to be beat down and suffer the most. The rich will continue to get richer through rising asset values.
Good summary of what to expect....
"The wealth effect will continue amplify as markets move higher, driving consumption in the upper-middle and upper class up. This should continue to bolster corporate profits as they make more money selling few goods to fewer people. The lower class already unable to afford basic necessities and shelter will be pushed further into debt with no reprieve leaving them unable to capitalize on any eventual fallout from theses events. Another generation put behind."
JPOW has abandoned their 2% mandate. Inflation has bottomed and is on the rise again. FED doesn't care, risk assets will continue to moon with the rising inflation and the poor and middle class will continue to be beat down and suffer the most. The rich will continue to get richer through rising asset values. Good summary of what to expect.... "The wealth effect will continue amplify as markets move higher, driving consumption in the upper-middle and upper class up. This should continue to bolster corporate profits as they make more money selling few goods to fewer people. The lower class already unable to afford basic necessities and shelter will be pushed further into debt with no reprieve leaving them unable to capitalize on any eventual fallout from theses events. Another generation put behind."
Fed is stuck. Raise rates, slow the economy, crush banks (this is what we really need). Lower rates, watch inflation fly up. Keeps rates the same, a slow bleed from everyone (they just can't keep up the lie that inflation will come down anymore). We all know they'll pick wallstreet and the banks over the people. Banks will continue to go under and will continue to get bail outs that come in the form of higher taxes on the lower and middle class. MSM will tell the sheep that everything is alright, "here, look at these skewed numbers".
You can't shut the entire economy down, print trillions and continue to print and expect to tame inflation. It seems like the lower and middle class will take the hurting, but hey, thanks for the $1,600 back in 2020, that sure did help. InFlAtIoN iS tRAnSiToRTy
1
Quote Originally Posted by kcblitzkrieg:
JPOW has abandoned their 2% mandate. Inflation has bottomed and is on the rise again. FED doesn't care, risk assets will continue to moon with the rising inflation and the poor and middle class will continue to be beat down and suffer the most. The rich will continue to get richer through rising asset values. Good summary of what to expect.... "The wealth effect will continue amplify as markets move higher, driving consumption in the upper-middle and upper class up. This should continue to bolster corporate profits as they make more money selling few goods to fewer people. The lower class already unable to afford basic necessities and shelter will be pushed further into debt with no reprieve leaving them unable to capitalize on any eventual fallout from theses events. Another generation put behind."
Fed is stuck. Raise rates, slow the economy, crush banks (this is what we really need). Lower rates, watch inflation fly up. Keeps rates the same, a slow bleed from everyone (they just can't keep up the lie that inflation will come down anymore). We all know they'll pick wallstreet and the banks over the people. Banks will continue to go under and will continue to get bail outs that come in the form of higher taxes on the lower and middle class. MSM will tell the sheep that everything is alright, "here, look at these skewed numbers".
You can't shut the entire economy down, print trillions and continue to print and expect to tame inflation. It seems like the lower and middle class will take the hurting, but hey, thanks for the $1,600 back in 2020, that sure did help. InFlAtIoN iS tRAnSiToRTy
Damn...I read so many negative comments in here about our economy & how the sky is falling. This is the same group that doesn't believe in climate change & if I didn't know better I would think America is in bad shape. But, then I remember why we're the greatest country in the world.
We have freedom of speech & to worship as we wish. We have diversity of culture, lifestyles & traditions. We have beautiful national parks, spectacular sports & entertainment, world class universities & a booming economy that will take care of my family & friends. Americans of all stripes are warm generous people willing to help those in need.
Too many have taken poison while expecting their enemies to die. The GOP party of the past was an educated group willing to cross the aisle & do what was necessary for the good of the country. That party no longer exists.
A very important election will take place in November. If you don't like those in power, vote their asses out. But just don't sit home & bitch.
Carry on..
2
Damn...I read so many negative comments in here about our economy & how the sky is falling. This is the same group that doesn't believe in climate change & if I didn't know better I would think America is in bad shape. But, then I remember why we're the greatest country in the world.
We have freedom of speech & to worship as we wish. We have diversity of culture, lifestyles & traditions. We have beautiful national parks, spectacular sports & entertainment, world class universities & a booming economy that will take care of my family & friends. Americans of all stripes are warm generous people willing to help those in need.
Too many have taken poison while expecting their enemies to die. The GOP party of the past was an educated group willing to cross the aisle & do what was necessary for the good of the country. That party no longer exists.
A very important election will take place in November. If you don't like those in power, vote their asses out. But just don't sit home & bitch.
I think the negative comments that you read are against the BS propaganda lies that continues to get pushed on every day people. Some can see through it, some believe it, some pay no attention. Eventually, the truth will come out. Some will accept it, some will deny it.
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@Midnight1
I think the negative comments that you read are against the BS propaganda lies that continues to get pushed on every day people. Some can see through it, some believe it, some pay no attention. Eventually, the truth will come out. Some will accept it, some will deny it.
Damn...I read so many negative comments in here about our economy & how the sky is falling. This is the same group that doesn't believe in climate change & if I didn't know better I would think America is in bad shape. But, then I remember why we're the greatest country in the world. We have freedom of speech & to worship as we wish. We have diversity of culture, lifestyles & traditions. We have beautiful national parks, spectacular sports & entertainment, world class universities & a booming economy that will take care of my family & friends. Americans of all stripes are warm generous people willing to help those in need. Too many have taken poison while expecting their enemies to die. The GOP party of the past was an educated group willing to cross the aisle & do what was necessary for the good of the country. That party no longer exists. A very important election will take place in November. If you don't like those in power, vote their asses out. But just don't sit home & bitch. Carry on..
We had all that prior to the open borders, wars started past few years, out of control inflation coming, Biden migrant crime that will be with us decades and a W orld that has no respect for us.
Seems like a change may be needed to save democracy. Give us a leader that leads and not from behind.
Nov. 5th cannot come fast enough for this Country.
1
Quote Originally Posted by Midnight1:
Damn...I read so many negative comments in here about our economy & how the sky is falling. This is the same group that doesn't believe in climate change & if I didn't know better I would think America is in bad shape. But, then I remember why we're the greatest country in the world. We have freedom of speech & to worship as we wish. We have diversity of culture, lifestyles & traditions. We have beautiful national parks, spectacular sports & entertainment, world class universities & a booming economy that will take care of my family & friends. Americans of all stripes are warm generous people willing to help those in need. Too many have taken poison while expecting their enemies to die. The GOP party of the past was an educated group willing to cross the aisle & do what was necessary for the good of the country. That party no longer exists. A very important election will take place in November. If you don't like those in power, vote their asses out. But just don't sit home & bitch. Carry on..
We had all that prior to the open borders, wars started past few years, out of control inflation coming, Biden migrant crime that will be with us decades and a W orld that has no respect for us.
Seems like a change may be needed to save democracy. Give us a leader that leads and not from behind.
Nov. 5th cannot come fast enough for this Country.
Damn...I read so many negative comments in here about our economy & how the sky is falling. This is the same group that doesn't believe in climate change & if I didn't know better I would think America is in bad shape. But, then I remember why we're the greatest country in the world. We have freedom of speech & to worship as we wish. We have diversity of culture, lifestyles & traditions. We have beautiful national parks, spectacular sports & entertainment, world class universities & a booming economy that will take care of my family & friends. Americans of all stripes are warm generous people willing to help those in need. Too many have taken poison while expecting their enemies to die. The GOP party of the past was an educated group willing to cross the aisle & do what was necessary for the good of the country. That party no longer exists. A very important election will take place in November. If you don't like those in power, vote their asses out. But just don't sit home & bitch. Carry on..
You think everything is just hunky-dory, eh? Some of us don't.
3
Quote Originally Posted by Midnight1:
Damn...I read so many negative comments in here about our economy & how the sky is falling. This is the same group that doesn't believe in climate change & if I didn't know better I would think America is in bad shape. But, then I remember why we're the greatest country in the world. We have freedom of speech & to worship as we wish. We have diversity of culture, lifestyles & traditions. We have beautiful national parks, spectacular sports & entertainment, world class universities & a booming economy that will take care of my family & friends. Americans of all stripes are warm generous people willing to help those in need. Too many have taken poison while expecting their enemies to die. The GOP party of the past was an educated group willing to cross the aisle & do what was necessary for the good of the country. That party no longer exists. A very important election will take place in November. If you don't like those in power, vote their asses out. But just don't sit home & bitch. Carry on..
You think everything is just hunky-dory, eh? Some of us don't.
Damn...I read so many negative comments in here about our economy & how the sky is falling. This is the same group that doesn't believe in climate change & if I didn't know better I would think America is in bad shape. But, then I remember why we're the greatest country in the world. We have freedom of speech & to worship as we wish. We have diversity of culture, lifestyles & traditions. We have beautiful national parks, spectacular sports & entertainment, world class universities & a booming economy that will take care of my family & friends. Americans of all stripes are warm generous people willing to help those in need. Too many have taken poison while expecting their enemies to die. The GOP party of the past was an educated group willing to cross the aisle & do what was necessary for the good of the country. That party no longer exists. A very important election will take place in November. If you don't like those in power, vote their asses out. But just don't sit home & bitch. Carry on..
Sorta like your election yr COVID 19 thread.
Biden tried to create a "misinformation" office to further limit free speech. The FBI targeted and monitored catholics. Our children have never been so less educated. Our universities are so bad graduates need Biden to pay for that piece of toilet paper they received called a diploma. Math is called racist.
The GOP is no longer the party of ass kissers. Time to take a stand. For too long the GOP would say " You want to do it that way, OK, but we will keep doing it our way". No more. Things are F'd up almost beyond repair. Our major cities are trash. We can no longer sit back and watch self defeating Dem ideas like legalizing hard drugs, handing out needles instead of preventing drug use, encourging homeless camps, dummying down our school systems, forcing sexual content on 5-8 year olds. Demonizing law and order, releasing dangerous criminals and seeing them as victims.
I can show you video after video of former Dem presidents saying criminals go to prison, our country and it's border is based on LAW and ORDER, drugs use needs to stop.
No Midnight, the current Dem party is like no other. The most self-destructing group I ever seen my lifetime.
3
@Midnight1
Quote Originally Posted by Midnight1:
Damn...I read so many negative comments in here about our economy & how the sky is falling. This is the same group that doesn't believe in climate change & if I didn't know better I would think America is in bad shape. But, then I remember why we're the greatest country in the world. We have freedom of speech & to worship as we wish. We have diversity of culture, lifestyles & traditions. We have beautiful national parks, spectacular sports & entertainment, world class universities & a booming economy that will take care of my family & friends. Americans of all stripes are warm generous people willing to help those in need. Too many have taken poison while expecting their enemies to die. The GOP party of the past was an educated group willing to cross the aisle & do what was necessary for the good of the country. That party no longer exists. A very important election will take place in November. If you don't like those in power, vote their asses out. But just don't sit home & bitch. Carry on..
Sorta like your election yr COVID 19 thread.
Biden tried to create a "misinformation" office to further limit free speech. The FBI targeted and monitored catholics. Our children have never been so less educated. Our universities are so bad graduates need Biden to pay for that piece of toilet paper they received called a diploma. Math is called racist.
The GOP is no longer the party of ass kissers. Time to take a stand. For too long the GOP would say " You want to do it that way, OK, but we will keep doing it our way". No more. Things are F'd up almost beyond repair. Our major cities are trash. We can no longer sit back and watch self defeating Dem ideas like legalizing hard drugs, handing out needles instead of preventing drug use, encourging homeless camps, dummying down our school systems, forcing sexual content on 5-8 year olds. Demonizing law and order, releasing dangerous criminals and seeing them as victims.
I can show you video after video of former Dem presidents saying criminals go to prison, our country and it's border is based on LAW and ORDER, drugs use needs to stop.
No Midnight, the current Dem party is like no other. The most self-destructing group I ever seen my lifetime.
Before covid the middle class seemed to be gaining some ground financially ...(good amount of savings, good yearly earnings compared to yearly expenses, hence with more money available to them the less of a need to work and potentially less need to work for such a long time (20-65 or approx. 45 years)
Then covid hit and everything got shut down.
States started printing money at an insane rate, hence plummeting the value of 1 dollar
Now covid ends and Joe Blow who was making 70k pre-covid and doing alright for themselves...well after covid ended that person was still making 70k but due to all the printing that same 70k in reality is now equivalent to 40-50k as that person's expenses have now almost doubled if not doubled....not on increased consumption...just on inflation due to printing and devaluation of 1 dollar.
Now Joe Blow who thought about retiring at 55-60 is looking at his finances and realizes he may have to work for a lot longer
And by that person working longer that means more tax money for the government...
So to sum up covid basically fucked the middle/lower class into making less money annually by devaluing the dollar...hence making them work further into retirement years, hence collecting tax for longer.
1
Thought on covid
Before covid the middle class seemed to be gaining some ground financially ...(good amount of savings, good yearly earnings compared to yearly expenses, hence with more money available to them the less of a need to work and potentially less need to work for such a long time (20-65 or approx. 45 years)
Then covid hit and everything got shut down.
States started printing money at an insane rate, hence plummeting the value of 1 dollar
Now covid ends and Joe Blow who was making 70k pre-covid and doing alright for themselves...well after covid ended that person was still making 70k but due to all the printing that same 70k in reality is now equivalent to 40-50k as that person's expenses have now almost doubled if not doubled....not on increased consumption...just on inflation due to printing and devaluation of 1 dollar.
Now Joe Blow who thought about retiring at 55-60 is looking at his finances and realizes he may have to work for a lot longer
And by that person working longer that means more tax money for the government...
So to sum up covid basically fucked the middle/lower class into making less money annually by devaluing the dollar...hence making them work further into retirement years, hence collecting tax for longer.
@kcblitzkrieg Curious as to why the markets have stayed so strong? Are they still propped by the massive fed injection from covid-shutdown? Has the FED been injecting money still to this day or did they cut it off?? Or has it become such a rich-mans game the rich realize to keep investing in it to basically achieve full control of how the market fluctuates?
It is very relative. One way a guy explained it in order to oversimplify it is this way:
Democrats are screaming that the stock market is at a record high and unemployment is low.
So think about it a little bit.Dramatic inflation raises all prices as the value of our currency is crushed.Stock prices are in dollars, just like loaves of bread and a gallon of gas or heating oil.All prices are being inflated:Rent, fuel, food and stocks.
As people's income doesn't keep up with inflation, many are forced to take additional jobs or even come out of retirement to desperately try to survive.
That's nothing to brag about at all.
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@dubz4dummyz
Quote Originally Posted by dubz4dummyz:
@kcblitzkrieg Curious as to why the markets have stayed so strong? Are they still propped by the massive fed injection from covid-shutdown? Has the FED been injecting money still to this day or did they cut it off?? Or has it become such a rich-mans game the rich realize to keep investing in it to basically achieve full control of how the market fluctuates?
It is very relative. One way a guy explained it in order to oversimplify it is this way:
Democrats are screaming that the stock market is at a record high and unemployment is low.
So think about it a little bit.Dramatic inflation raises all prices as the value of our currency is crushed.Stock prices are in dollars, just like loaves of bread and a gallon of gas or heating oil.All prices are being inflated:Rent, fuel, food and stocks.
As people's income doesn't keep up with inflation, many are forced to take additional jobs or even come out of retirement to desperately try to survive.
Thought on covid Before covid the middle class seemed to be gaining some ground financially ...(good amount of savings, good yearly earnings compared to yearly expenses, hence with more money available to them the less of a need to work and potentially less need to work for such a long time (20-65 or approx. 45 years) Then covid hit and everything got shut down. States started printing money at an insane rate, hence plummeting the value of 1 dollar Now covid ends and Joe Blow who was making 70k pre-covid and doing alright for themselves...well after covid ended that person was still making 70k but due to all the printing that same 70k in reality is now equivalent to 40-50k as that person's expenses have now almost doubled if not doubled....not on increased consumption...just on inflation due to printing and devaluation of 1 dollar. Now Joe Blow who thought about retiring at 55-60 is looking at his finances and realizes he may have to work for a lot longer And by that person working longer that means more tax money for the government... So to sum up covid basically fucked the middle/lower class into making less money annually by devaluing the dollar...hence making them work further into retirement years, hence collecting tax for longer.
The awful effects of these policies will be seen for years to come.
0
Quote Originally Posted by dubz4dummyz:
Thought on covid Before covid the middle class seemed to be gaining some ground financially ...(good amount of savings, good yearly earnings compared to yearly expenses, hence with more money available to them the less of a need to work and potentially less need to work for such a long time (20-65 or approx. 45 years) Then covid hit and everything got shut down. States started printing money at an insane rate, hence plummeting the value of 1 dollar Now covid ends and Joe Blow who was making 70k pre-covid and doing alright for themselves...well after covid ended that person was still making 70k but due to all the printing that same 70k in reality is now equivalent to 40-50k as that person's expenses have now almost doubled if not doubled....not on increased consumption...just on inflation due to printing and devaluation of 1 dollar. Now Joe Blow who thought about retiring at 55-60 is looking at his finances and realizes he may have to work for a lot longer And by that person working longer that means more tax money for the government... So to sum up covid basically fucked the middle/lower class into making less money annually by devaluing the dollar...hence making them work further into retirement years, hence collecting tax for longer.
The awful effects of these policies will be seen for years to come.
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. I don't think it's even debatable ; Biden has been the biggest dipshit, unintelligent, worst president in our lifetimes... and it's not even close. 
my pleasure
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