FJB 

Have a great weekend!

 

 

 

Poor Pop Pop. Getting blamed for his actions. How unfair 

 

 

 

45 minutes ago, The_Omega said:

Poor Pop Pop. Getting blamed for his actions. How unfair 

 

 

 

 

On 3/11/2022 at 9:38 AM, Kz! said:

She's so insanely unlikable. Truly remarkable.  

The inevitable result of identity politics

59 minutes ago, Mike31mt said:

The inevitable result of identity politics

Definition of an empty suit. But let’s be honest. She’s the embodiment of the Democratic Party. Style over substance. Form over function, etc.

Not to say repubs don’t have major warts too.

On 3/11/2022 at 9:49 AM, JohnSnowsHair said:

investors are flocking to safety given what's been going on. not surprising. 

Washington DC has been "flocking to safety" ever since Putin started amassing troops. They're making a fortune off of this. 

The delay in supplying MIGs to Ukraine and the subsequent replacement of aircraft up the food chain likely has more to do with the timing of congressional stock purchasing than a fear of Russian reaction.

Let's see how other countries see the VP:

We're a global laughing stock.  

Relatively high inflation is likely to become a more permanent feature of this new Cold War era.

15 minutes ago, Kz! said:

Let's see how other countries see the VP:

We're a global laughing stock.  

That was incredible 

On 3/11/2022 at 9:35 AM, mikemack8 said:

rip off south park. still i laughed. 

On 3/11/2022 at 8:44 AM, Blazehound said:

Booming economy? We’re on the brink of a recession due to more than likely stagflation.

 

Stagflation? Lol, the economy is pretty steadily growing and, in fact, that rapid growth is a major contributor to inflation. It grew over 5% last year, and global affairs is causing us to look inward even more. Probably best to not use technical terms around here that you don't understand.

On 3/12/2022 at 12:19 PM, Blazehound said:

Definition of an empty suit. But let’s be honest. She’s the embodiment of the Democratic Party. Style over substance. Form over function, etc.

Not to say repubs don’t have major warts too.

uh oh, you both sided it. 

 

 

On 3/10/2022 at 6:09 PM, The_Omega said:

Seems like mere days ago when we were lectured that the President can’t do anything about the price of oil. Weird.

Mere mortal presidents can't! God emperor Biden can!

28 minutes ago, Alpha_TATEr said:

rip off south park. still i laughed. 

south park was riffing this: https://en.wikipedia.org/wiki/The_Human_Centipede_(First_Sequence) 

(came out two years before south park's episode)

56 minutes ago, EaglesRocker97 said:

 

Stagflation? Lol, the economy is pretty steadily growing and, in fact, that rapid growth is a major contributor to inflation. It grew over 5% last year, and global affairs is causing us to look inward even more. Probably best to not use technical terms around here that you don't understand.

Really? I wonder why Barrons, Bloomberg and Motley Fool all published articles this week talking about Stagflation concerns.

I guess they don’t understand it either? GTFO.

4 minutes ago, Blazehound said:

Really? I wonder why Barrons, Bloomberg and Motley Fool all published articles this week talking about Stagflation concerns.

I guess they don’t understand it either? GTFO.

No, then I suppose they don't know. I gather they're trying to grab readers using terms their aging audience is already familiar with.

Inflation, yes. Stagnation? No, I haven't seen much sign it yet.

6 minutes ago, Blazehound said:

Really? I wonder why Barrons, Bloomberg and Motley Fool all published articles this week talking about Stagflation concerns.

I guess they don’t understand it either? GTFO.

 

Barrons literally said this about "stagflation":

Quote

Get ready for stagflation light.

Headlines about stagflation are everywhere, and the "flation” part of the equation is pretty obvious.

...

We’re having a harder time seeing the "stag” part, at least if the expectation is for a 1970s-like malaise. Back then, prices were soaring, growth was anemic, and jobs were being lost. For now, there’s little sign of that, despite the steep inflation rate. Just 227,000 people lost their jobs this past week, a level that is near the postpandemic low, and, quite frankly, muted for just about any period. 

Growth is certainly slowing, but it may be holding up better than it seems. The Atlanta Fed’s GDPNow tool is a favorite of those who fall in the stagflation camp. Right now, it’s putting first-quarter gross-domestic-product growth at just 0.5%. This number is computed based on a model that’s updated with each new data point. Where it stands now isn’t guaranteed to be where it ends up.

"The models are tracking near zero growth due to a base effect resulting from strong growth in 4Q21 and less than one month of Omicron impaired 1Q22 data,” explains Ironsides Macroeconomics’ Barry Knapp. "This is not stag anything.”

Other measures suggest the possibility of much stronger growth. Morgan Stanley economist Julian Richers notes that the firm’s GDP tracking model estimates first-quarter growth at 2.9%, while its Nowcast puts growth at 7%. Once again, these are models with their own quirks, ones that make 7% growth unlikely but perhaps better than 0.5%.

 

Any time an economic indicator is down, bears come out and start printing articles dooming. In our current climate, you'll then see right wing sites picking it up because it's a way to try and bludgeon Biden. (And of course if this was reversed Maddow & co. would be out there doing the same thing to Trump)

The reason stagflation isn't a serious concern is that even the biggest doomers expect positive growth, even if it's low. And most estimates are anywhere from little growth to strong growth. 

In addition to expected positive growth, you have very low unemployment, continued job growth, a strong job market in general. 

This isn't "stagflation" territory. 

15 minutes ago, Blazehound said:

Really? I wonder why Barrons, Bloomberg and Motley Fool all published articles this week talking about Stagflation concerns.

I guess they don’t understand it either? GTFO.

 

 

Either you misread, or you're swallowing the sensationalism hook, line, and sinker.

1 hour ago, JohnSnowsHair said:

south park was riffing this: https://en.wikipedia.org/wiki/The_Human_Centipede_(First_Sequence) 

(came out two years before south park's episode)

so for once the simpsons didn't do it first. 

Pick any year at random and 9 times out of 10, you can find articles from the same papers claiming: "The next correction/recession is right around the corner!"

They'll pick up on any negative indicator and run with it, it's the financial equivalent of if it bleeds, it leads.

A completely lazy analysis would conclude, "Durrrrrr, we had stagflation in the 70s due to an oil crisis, so, durrrrr, we're clearly going to have it again!"

Except that our situation with petroleum today is totally different than it was in the mid-70s, mostly because, despite what the Trumpbots are preaching, we are significantly less dependent on foreign oil.

14 minutes ago, EaglesRocker97 said:

A completely lazy analysis would conclude "Durrrrrr, we had stagflation in the 70s due to an oil crisis, so, durrrrr, we're clearly going to have it again!"

Except that our situation with petroleum today is totally different than it was in the mid-70s, mostly because, despite what the Trumpbots are preaching, we are significantly less dependent on foreign oil.

Much more importantly, Russia is much less significant to global oil supply than all of OPEC.

Biden's absolutely crushing it when it comes to finally getting Europe to boost their own defense.  Really brings into focus what an abysmal failure Trump was in this regard.

https://www.cnn.com/2022/03/15/europe/germany-f-35-fighter-jets-replace-tornado-intl/index.html

(CNN)Germany has announced that it will buy 35 US-made F-35A fighter jets, the first major arms purchase to be publicly confirmed since Chancellor Olaf Scholz committed to ramping up his country's defense spending in the wake of the Russian invasion of Ukraine. 

The German government has made these decisions alongside a choice to become more active in European defenses. Scholz has also taken dramatic steps to limit Germany's economic ties to Russia, including halting the Nord Stream 2 gas pipeline.

Biden's gonna give us more sun!  Is there anything he can't do?

Senate passes bill that would make Daylight Saving Time permanent

 

Quote

 

The Senate on Tuesday passed a measure that would make Daylight Saving Timepermanent across the United States.

The Sunshine Protection Act passed the chamber by unanimous consent. The bill would still need to pass the House and be signed by President Joe Biden to become law. If the measure clears Congress and is signed into law, it would mean no more falling back every year in the fall.

 

 

3 minutes ago, VanHammersly said:

Biden's gonna give us more sun!  Is there anything he can't do?

The man can barely run a temperature let alone a country.