October 31, 20223 yr On 7/28/2022 at 4:43 PM, TEW said: We are officially in a recession, it’s just that it’s been 40 years since we had an inflation driven one. Two quarters of negative growth is what it is. The fed will always signal strength and stability. I don’t mean that as a knock on them because you don’t want them spooking markets. It is what it is. Just take what they say with a giant grain of salt. It’s the same institution that had Bernanke saying the housing market is strong heading into the financial crisis. As far as supply chain issues and inflation, something to keep in mind is that consumers got a huge jolt of spending power from the stimi checks, and basically all income levels have about 25% more cash on hand in their checking account than they did before COVID. So the consumer still has some dry powder left to cope with inflation, but I’m thinking once that cash is spent the economy could get thrown into a quick deflationary spiral as suddenly higher costs from inputs price people out of discretionary purchases. Or maybe the consumer is now going to keep higher savings? That would be interesting. The reaction to that would determine a lot, but if the government goes for more stimulus, we could go from high inflation, to deflation, back into high inflation pretty quickly. On China… they increasing have unemployment among their youth, which is really concerning from a structural view. You’re right about their demographics — China has been a huge buoy to the global economy and them flipping negative could be pretty catastrophic. Interesting times…
October 31, 20223 yr What's going on in the oil industry? Correcting from pandemic-related issues (low demand, supply chain problems, etc.) while keeping prices artificially high, helps the industry earn record profits, pumps up the companies, and rakes consumers.
November 1, 20223 yr On 10/28/2022 at 5:08 PM, JohnSnowsHair said: Oil companies were in the red during Covid but I don't recall fears of deflation. https://www.usatoday.com/story/money/2020/05/03/coronavirus-us-deflation-falling-prices-new-economic-risk/3070084001/ https://foreignpolicy.com/2020/04/29/federal-reserve-global-economy-coronavirus-pandemic-inflation-terminal-deflation-is-coming/
November 1, 20223 yr On 10/5/2022 at 10:30 AM, EaglesRocker97 said: Lol, even WSJ is buying in.... Quote If the Philadelphia Phillies Win the World Series, Prepare for an Economic Crisis It happens every time a team from the city succeeds https://www.wsj.com/articles/philadelphia-phillies-world-series-houston-astros-financial-crisis-recession-11666879792
November 1, 20223 yr This ^^^^ from a "guy" who dresses like a medieval minstrel and plays a lute in public parks.
November 1, 20223 yr 5 minutes ago, The_Omega said: This ^^^^ from a "guy" who dresses like a medieval minstrel and plays a lute in public parks.
November 1, 20223 yr 1 hour ago, Toastrel said: Dopey crap like this makes people believe in crystal healing and angels. oh look at you waving around your fancy high minded ideas about "healthcare"
November 1, 20223 yr 1 hour ago, The_Omega said: This ^^^^ from a "guy" who dresses like a medieval minstrel and plays a lute in public parks. Such a rich fantasy life you have, and yet, here you are fantasizing about me. You poor, sad, little creature.
November 1, 20223 yr 1 minute ago, Toastrel said: Such a rich fantasy life you have, and yet, here you are fantasizing about me. You poor, sad, little creature. No fantasy, you've posted the pictures in the past. Don't deny it, be proud of who you are.
November 2, 20223 yr 3 hours ago, The_Omega said: No fantasy, you've posted the pictures in the past. Don't deny it, be proud of who you are. I have posted pics, but none of me in a public park with a lute. I'm fine with me. What's your problem again?
November 2, 20223 yr 13 hours ago, Toastrel said: I have posted pics, but none of me in a public park with a lute. I'm fine with me. What's your problem again? You were doing something fun and he has never experienced that.
November 2, 20223 yr Quote Yesterday, the White House tweeted out a message celebrating yet another triumph: Seniors are getting the biggest increase in their Social Security checks in 10 years through President Biden’s leadership. Sadly, this tweet has vanished. The New York Post: Twitter, which was purchased last week by billionaire Elon Musk, appended a note to the claim that said: "Readers added context they thought people might want to know.” "Seniors will receive a large Social Security benefit increase due to the annual cost of living adjustment, which is based on the inflation rate,” the note said, linking to the Social Security Administration’s website for an explanation on the Nixon-era legislation behind the increase – known as COLA.
November 4, 20223 yr Administrations often take credit for stuff they have nothing to do with, what a shock.
November 4, 20223 yr On 11/1/2022 at 9:11 AM, Blazehound said: I just can’t… When will they learn to not have a dumb kidnrun their twitter?
November 4, 20223 yr Another 261K jobs added in October. Biden's closing in on a million jobs added since the Republican talking point about "only gaining jobs lost during the pandemic" blew up in their face. Total jobs gained under Biden around 11 million in less than 2 years. Unbelievable jobs president, certainly the best in American history, though you could make a very convincing argument that he's also the best that ever will be until the end of time.
November 4, 20223 yr 4 hours ago, ToastJenkins said: When will they learn to not have a dumb kidnrun their twitter? Look at his press secretary 🤣
November 4, 20223 yr 5 hours ago, ToastJenkins said: When will they learn to not have a dumb kidnrun their twitter? Best to back to Trump tweeting from his non-secure iPhone from NS briefings, right?
November 7, 20223 yr On 11/1/2022 at 3:02 PM, The_Omega said: This ^^^^ from a "guy" who dresses like a medieval minstrel and plays a lute in public parks. I think he’s posted pictures of himself in a kilt playing bagpipes if my memory is correct. You were close…
November 9, 20223 yr On 11/2/2022 at 1:14 AM, Toastrel said: I have posted pics, but none of me in a public park with a lute. I'm fine with me. What's your problem again? I suppose we can survive in here if you do post those pics though I'd be just fine if you keep them to yourself.
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