Tommy Callahan Posted August 15 Share Posted August 15 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 15 Share Posted August 15 Link to comment Share on other sites More sharing options...
HomeskillitMoorman Posted August 15 Share Posted August 15 20 hours ago, Tommy Callahan said: Voices screaming inflation is down are proving how out of touch they are with reality. Stock market isn't main Street or the economy. I mean I agree with you on the stock market part as long as you're saying the same about Right-Winger media who were were correlating it with the economy on Aug 5th when we had the "crash", or Trump who does it with the market and economy all the time. I 100% agree though that the stock market is not a direct reflection of the economy. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 15 Share Posted August 15 1 hour ago, HomeskillitMoorman said: I mean I agree with you on the stock market part as long as you're saying the same about Right-Winger media who were were correlating it with the economy on Aug 5th when we had the "crash", or Trump who does it with the market and economy all the time. I 100% agree though that the stock market is not a direct reflection of the economy. I dislike trump personally. But cutting taxes and pork is the opposite of tax and spend. But like a lot of things he never cut the pork they claimed he would. Link to comment Share on other sites More sharing options...
TH3 Posted August 15 Share Posted August 15 (edited) 3 hours ago, Tommy Callahan said: I dislike trump personally. But cutting taxes and pork is the opposite of tax and spend. But like a lot of things he never cut the pork they claimed he would. Or in the case of DT1….cut taxes and increase spending Edited August 15 by TH3 3 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 16 Share Posted August 16 And just think. Come October first the new year will release next year's stimulus money to the "economy". 1 Link to comment Share on other sites More sharing options...
rusty shackleford Posted August 16 Share Posted August 16 6 hours ago, Tommy Callahan said: And just think. Come October first the new year will release next year's stimulus money to the "economy". Milton Friedman wrote something along the lines of "All money printing is ultimately stagflationary once the printing and inflation becomes expected." 1 Link to comment Share on other sites More sharing options...
Scraps Posted August 16 Share Posted August 16 (edited) 6 hours ago, Tommy Callahan said: And just think. Come October first the new year will release next year's stimulus money to the "economy". The government does not print money to "make up the difference". They sell bonds and therefore take on debt. Edited August 16 by Scraps 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 18 Share Posted August 18 1 Link to comment Share on other sites More sharing options...
ChiGoose Posted August 18 Share Posted August 18 Link to comment Share on other sites More sharing options...
Gene Frenkle Posted August 18 Share Posted August 18 11 minutes ago, ChiGoose said: Because we changed the formula for how we calculate it? This site shows both. It even has a conspiratorial name, which our fine MAGA folks should appreciate: https://www.shadowstats.com/alternate_data/inflation-charts Link to comment Share on other sites More sharing options...
Gene Frenkle Posted August 18 Share Posted August 18 I mean we've been in a recession for a while now. The crazy inflation is from all the money the Fed (a private organization) printed to survive the market crash at the start of the pandemic. I love it when idiots want to attribute current economic/market conditions to who is currently sitting in office, willfully ignorant to the fact these things move at glacial speeds. Link to comment Share on other sites More sharing options...
Doc Brown Posted August 18 Share Posted August 18 1 hour ago, ChiGoose said: We got hit hardest at first and now are the lowest. It's the curse and benefit of being the world's currency reserve. 3 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 19 Share Posted August 19 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted August 19 Share Posted August 19 20 hours ago, Gene Frenkle said: I mean we've been in a recession for a while now. The crazy inflation is from all the money the Fed (a private organization) printed to survive the market crash at the start of the pandemic. I love it when idiots want to attribute current economic/market conditions to who is currently sitting in office, willfully ignorant to the fact these things move at glacial speeds. Along with that legislation that handed out 100's of billions to the States, moratoriums on evictions and rent payments, student loan payments, paying people that were forced to stay home because of COVID lock downs, disruptions to supply chains. The Inflation Reduction Act which did no reducing. WFH requirements that highlighted the ability of work getting done without occupying a lot of expensive commercial real estate, a market in crisis. Add to it sanctions implemented against Russia that disrupted global markets for oil, fertilizers, agricultural products, other goods. Disruptions to natural gas flows to Europe which is forced to exchange cheap gas for 3x the price LNG shipments. 1 Link to comment Share on other sites More sharing options...
RiotAct Posted August 19 Share Posted August 19 Stock market at record highs again - all is well. Link to comment Share on other sites More sharing options...
Gene Frenkle Posted August 19 Share Posted August 19 2 minutes ago, RiotAct said: Stock market at record highs again - all is well. The stock market is a manipulated casino, a house if cards if you will. 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted August 20 Share Posted August 20 (edited) 19 hours ago, RiotAct said: Stock market at record highs again - all is well. Gold at record highs telegraphing a potential Harris presidency will destroy the dollar. @Joe Ferguson foreverwhat do you think it is? Edited August 20 by All_Pro_Bills 1 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted August 20 Share Posted August 20 9 minutes ago, All_Pro_Bills said: Gold at record highs telegraphing a potential Harris presidency will destroy the dollar. reflecting uncertainty for the upcoming election and the aftermath should trump lose. Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted August 20 Share Posted August 20 6 minutes ago, Joe Ferguson forever said: reflecting uncertainty for the upcoming election and the aftermath should trump lose. So nothing to do with Harris/Waltz Argentina style socialist agenda? 1 Link to comment Share on other sites More sharing options...
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