April 4, 2025Apr 4 My MIL is currently in an assisted living nursing home. We tried keeping her with us, but she needed around the clock care and it became a problem. Can’t tell you the number of times she’s fallen or passed out because she won’t press the alarm we had in case she needed help. She’s 98 living off SS and 401k. It’s running out of money and we now have to think about her moving into a shared apartment from a private one. She is basically living past her retirement funds. We’re adding what funds we can afford, but Trump is certainly adding to the problem. Wife and myself are retired and both have SS and nice pensions and 401ks. These tariffs are going to effect her end of life comfort.
April 4, 2025Apr 4 Just now, Talkingbirds said: My MIL is currently in an assisted living nursing home. We tried keeping her with us, but she needed around the clock care and it became a problem. Can’t tell you the number of times she’s fallen or passed out because she won’t press the alarm we had in case she needed help. She’s 98 living off SS and 401k. It’s running out of money and we now have to think about her moving into a shared apartment from a private one. She is basically living past her retirement funds. We’re adding what funds we can afford, but Trump is certainly adding to the problem. Wife and myself are retired and both have SS and nice pensions and 401ks. These tariffs are going to effect her end of life comfort. Sorry man, good luck. This really sucks for those already in retirement.
April 4, 2025Apr 4 4 minutes ago, Talkingbirds said: My MIL is currently in an assisted living nursing home. We tried keeping her with us, but she needed around the clock care and it became a problem. Can’t tell you the number of times she’s fallen or passed out because she won’t press the alarm we had in case she needed help. She’s 98 living off SS and 401k. It’s running out of money and we now have to think about her moving into a shared apartment from a private one. She is basically living past her retirement funds. We’re adding what funds we can afford, but Trump is certainly adding to the problem. Wife and myself are retired and both have SS and nice pensions and 401ks. These tariffs are going to effect her end of life comfort. I sincerely hope this all improves.
April 4, 2025Apr 4 From Timiraos in the WSJ. Basically the Fed's mouthpiece. Powell just spoke and pretty clear no cuts coming to bail out the economy. Quote ARLINGTON, Va.—Federal Reserve Chair Jerome Powell said the U.S. economy was likely to face a period of higher prices and weaker growth than seemed possible a few weeks ago because of larger-than-anticipated tariff hikes announced by President Trump. His remarks carried an undercurrent of caution about how the central bank would be able to address any fallout because the central bank will want to ensure one-time price increases don’t lead to persistently higher inflation. In remarks prepared for delivery Friday, Powell indicated the central bank was still comfortable with its wait-and-see stance and that it was focused above all on ensuring the public expected price growth to slow down after any increases to tariffs. While Powell acknowledged "downside” risks of weaker growth had increased, he said it was too soon to say how the central bank would adjust interest rates to cushion the economy from the blow of weaker global trade. "While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected,” and the economic fallout of higher prices and slower growth is also likely to be larger than expected, he said. Ahead of Powell’s remarks, President Trump said he hoped the Fed would cut interest rates. "He is always ‘late,’ but he could now change his image, and quickly,” Trump said on his social-media platform. Fed officials are focused on what happens to the economy after the initial hit from higher taxes on imported goods have been absorbed. They pay particularly close attention to what consumers and businesses expect to happen to inflation over several years because they believe those expectations can be self-fulfilling. Inflation surged in 2021 but it declined at the same time that the Fed sharply raised rates in 2022 and 2023. It fell to around 2.5% in February from more than 7% in 2022. Economists expect inflation to rise by at least 1 percentage point this year as a full suite of tariffs announced Wednesday by President Trump take effect. Powell flagged the risk that inflation might remain somewhat elevated even after a temporary rise in prices. "While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent,” Powell said. Avoiding that outcome will depend on factors including the size of any price hikes and how long it takes the economy to absorb them, he said. "Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell said. By focusing on inflation in his remarks, Powell underscored how officials believe they have less ability to pre-empt economic weakness caused by the tariffs. That means their attention could turn to how to cushion the blow from any increase in unemployment and slowdown in spending only after it occurs. In other words, the Fed would be responsive to any weakness but less able to pre-empt such weakness. That would mark a notable contrast with how the Fed operated last year. Officials cut rates by a full percentage point between September and December to pre-empt a slowdown in hiring. They felt they had the room to do that because rates were near their highest level in two decades and inflation had declined considerably.
April 4, 2025Apr 4 4 hours ago, gregbwfc1 said: Luckily I've probably got a job for as long as i need one right now. Didn't you sell me a kebab in Southport last summer?
April 4, 2025Apr 4 7 minutes ago, Arthur Jackson said: Didn't you sell me a kebab in Southport last summer? No I think it was a steak and kidney pie in Wigan. Close enough though 😄
April 4, 2025Apr 4 Just now, gregbwfc1 said: No I think it was a steak and kidney pie in Wigan. Close enough though 😄 Yes! With a side of mushy peas!
April 4, 2025Apr 4 Author 13 minutes ago, Arthur Jackson said: Yes! With a side of mushy peas! ...and a pint of Directors real ale! or was it a Ruddles?
April 4, 2025Apr 4 5 minutes ago, DrPhilly said: ...and a pint of Directors real ale! or was it a Ruddles? John Smith's
April 4, 2025Apr 4 Author 35 minutes ago, vikas83 said: This really sucks for those already in retirement Tell me about it. I'm not technically retired yet but I'm halfway in and was planning to be 100% in starting next year.
April 4, 2025Apr 4 25 minutes ago, DrPhilly said: ...and a pint of Directors real ale! or was it a Ruddles? Ah Directors! 5 pints between rounds on a golf day. Not my greatest decision 😳
April 4, 2025Apr 4 22 minutes ago, SPIDER-MAN said: Now incels hate women AND Trump. What'd the gaming community do to you?
April 4, 2025Apr 4 6 minutes ago, JohnSnowsHair said: You really don't get it you dumb f#$!. Figure out why. Did he seriously post that as a "good " sign?! What complete moron!!!
April 4, 2025Apr 4 Call me slow if you want. I have asked this question before but why is crude oil prices going down a bad sign again?
April 4, 2025Apr 4 1 minute ago, pisceschica said: Call me slow if you want. I have asked this question before but why is crude oil prices going down a bad sign again? Because oil demand drops precipitously during a recession. It's down big today because of that and OPEC+ increased production.
April 4, 2025Apr 4 3 hours ago, vikas83 said: Sorry man, good luck. This really sucks for those already in retirement. Those already in retirement make up a considerable amount of votes for Trump. I hope they get what they wanted.
April 4, 2025Apr 4 Author 2 minutes ago, toolg said: Those already in retirement make up a considerable amount of votes for Trump. I hope they get what they wanted. Gee that’s awful nice of you to think about all the Harris voting retirees like that.
April 4, 2025Apr 4 relax everyone, the economy just had major surgery, it's in the recovery room. in six weeks, it will be the best economy the world has ever seen.
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