The Frankish Reich Posted June 12 Share Posted June 12 8 minutes ago, All_Pro_Bills said: A fun fact here is a $1 of purchasing power in 1960 is equivalent to $10.59 of purchasing power in 2024 I do find these things interesting, just in (as you said) a fun fact kind of way. But I also know that the nominal price of something really tells me nothing. I do agree that huge deficits are a problem. I think we started on the right path in the Clinton years, then quickly abandoned all common sense thereafter. Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 12 Share Posted June 12 1 hour ago, The Frankish Reich said: 3.4% YOY now. The Fed decided some time ago, based on really nothing, that it would target 2 percent. Inflation rates during some notable boom times: Reagan years: 1983: 3.8 1984 (the famous landslide Reagan win): 3.9 Clinton years: 1994: 2.7 1995: 2.5 1996 (Clinton easily reelected): 3.3 LMAO. Now what changed in regard to calculating CPI since way back then? https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 12 Share Posted June 12 9 minutes ago, Tommy Callahan said: LMAO. Now what changed in regard to calculating CPI since way back then? https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html Now read the article and get back to me. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 12 Share Posted June 12 (edited) 21 minutes ago, The Frankish Reich said: Now read the article and get back to me. opinions by heavily biased people in a heavily biased site. but the point was that article explained what changed since the data you provided. Edited June 12 by Tommy Callahan 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 12 Share Posted June 12 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted June 12 Share Posted June 12 3 hours ago, The Frankish Reich said: I do find these things interesting, just in (as you said) a fun fact kind of way. But I also know that the nominal price of something really tells me nothing. I do agree that huge deficits are a problem. I think we started on the right path in the Clinton years, then quickly abandoned all common sense thereafter. Another way of thinking of nominal prices is that the price of things doesn't go up but rather the value of a unit of currency goes down. 1 2 Link to comment Share on other sites More sharing options...
Biden is Mentally Fit Posted June 12 Share Posted June 12 6 hours ago, Tiberius said: JFC, the stock market ❤️ The index that you declared, via mystery math, had doubled on Biden‘s watch finished in the red today. Nice job dumbass. 2 Link to comment Share on other sites More sharing options...
Doc Posted June 12 Share Posted June 12 1 hour ago, Tommy Callahan said: The CPI doesn't cover most of those, does it? 2 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 12 Share Posted June 12 14 minutes ago, JDHillFan said: The index that you declared, via mystery math, had doubled on Biden‘s watch finished in the red today. Nice job dumbass. Umm, the S&P 500 closed at an all-time high today. 3851 when Biden was inaugurated, 5421 at close today. Roughly +41 percent in 41 months. Not. Bad. At. All. https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html 1 Link to comment Share on other sites More sharing options...
Biden is Mentally Fit Posted June 12 Share Posted June 12 7 minutes ago, The Frankish Reich said: Umm, the S&P 500 closed at an all-time high today. 3851 when Biden was inaugurated, 5421 at close today. Roughly +41 percent in 41 months. Not. Bad. At. All. https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html Maybe you can help Tiberius with math. Straighten him out on the Dow. 2 Link to comment Share on other sites More sharing options...
Biden is Mentally Fit Posted June 12 Share Posted June 12 25 minutes ago, The Frankish Reich said: Umm, the S&P 500 closed at an all-time high today. 3851 when Biden was inaugurated, 5421 at close today. Roughly +41 percent in 41 months. Not. Bad. At. All. https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html https://www.cnn.com/2021/01/20/investing/dow-stock-market-trump-presidency/index.html just so we can compare apples to Orangeman - the S&P was up 67% under the tweeter in chief. That includes the pandemic. Not. Bad. At. All. 3 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 12 Share Posted June 12 1 hour ago, The Frankish Reich said: Umm, the S&P 500 closed at an all-time high today. 3851 when Biden was inaugurated, 5421 at close today. Roughly +41 percent in 41 months. Not. Bad. At. All. https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html Pretty much lines up with the massive state spending. So ironic they called the one "the inflation reduction act". And the debt chart..... 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 12 Share Posted June 12 1 hour ago, JDHillFan said: https://www.cnn.com/2021/01/20/investing/dow-stock-market-trump-presidency/index.html just so we can compare apples to Orangeman - the S&P was up 67% under the tweeter in chief. That includes the pandemic. Not. Bad. At. All. 48 months. Still time! And remember when Trump said a Biden presidency would mean the markets tank? 7 minutes ago, Tommy Callahan said: Pretty much lines up with the massive state spending. So ironic they called the one "the inflation reduction act". And the debt chart..... Does the massive COVID spending bill Trump signed also get credit? Look, I think the President has almost nothing to do with stock market performance. But fair is fair ... the rally post-COVID has basically continued unabated. 2 Link to comment Share on other sites More sharing options...
Biden is Mentally Fit Posted June 12 Share Posted June 12 30 minutes ago, The Frankish Reich said: And remember when Trump said a Biden presidency would mean the markets tank? Do you remember when the Nobel winning economist of the reliable NYT said something to the effect of “a first pass answer is never” regarding economic recovery immediately after the bad orange man was elected? 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 13 Share Posted June 13 And that's 3 years ago. Link to comment Share on other sites More sharing options...
Big Blitz Posted June 13 Author Share Posted June 13 Hahahahahahaha So is the CPI data. All manipulated. 1 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 13 Share Posted June 13 Just now, Big Blitz said: Hahahahahahaha So is the CPI data. All manipulated. Perhaps Mr. Edward Snowden should be scrutinizing the Kremlin's record of reliable economic statistics. Link to comment Share on other sites More sharing options...
Gregg Posted June 13 Share Posted June 13 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 13 Share Posted June 13 Its pretty easy to see. the massive stimuluses went directly to the investor class, who is doing very well in this economy, based on the GDP and Stocks. While every other quintile suffers. Never mind the steadily growing amount of homeless or old buildings/hotels being converted over to migrant shelters. Its steady profits for whoever own the properties. I dont know about other states, but up here in NY. the Federal rescue plan moneys are what is paying the huge tax deficits. What happens when those run out? 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted June 13 Share Posted June 13 (edited) 11 hours ago, The Frankish Reich said: Perhaps Mr. Edward Snowden should be scrutinizing the Kremlin's record of reliable economic statistics. Invoking the cleanest Pig in the mud hole argument does not absolve the administration from taking liberties with the facts. Similarly, you can break the thermometer and tell me its only 30 degrees when its really 100 degrees but breaking and falsifying the measurement doesn't keep me from experiencing a lot of discomfort and I'm not sure what you're talking about because it's friggin' hot as Hell! Edited June 13 by All_Pro_Bills 1 Link to comment Share on other sites More sharing options...
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