April 12, 20233 yr On 3/30/2023 at 2:16 PM, toolg said: Prices go up, they never come back down. Corporations never take a hit due to inflation. They pass the buck down to the consumer. There was an egg company that wasn't impacted like the other companies yet still raised their price. They ended up profiting extremely well
April 13, 20233 yr On 4/12/2023 at 11:16 AM, Mike030270 said: There was an egg company that wasn't impacted like the other companies yet still raised their price. They ended up profiting extremely well So the laws of supply and demand ceased to exist for that company?
April 13, 20233 yr 8 minutes ago, Tnt4philly said: So the laws of supply and demand ceased to exist for that company? I'm not sure of your point to your question
April 13, 20233 yr 22 minutes ago, Mike030270 said: I'm not sure of your point to your question TBF, I’m not exactly sure what point you were trying to make either. Do you have a problem with that company raising prices with the market?
April 13, 20233 yr 4 minutes ago, Tnt4philly said: TBF, I’m not exactly sure what point you were trying to make either. Do you have a problem with that company raising prices with the market? Then wtf was the point of your question as if you're trying to get a one up on me? The company can do whatever it wants in line with the law
April 13, 20233 yr 9 minutes ago, Mike030270 said: Then wtf was the point of your question as if you're trying to get a one up on me? The company can do whatever it wants in line with the law You posted it as if you had an issue with it. I did not think a simple economics question would trigger you.
April 13, 20233 yr 5 minutes ago, Tnt4philly said: You posted it as if you had an issue with it. I did not think a simple economics question would trigger you. Looks like you read it wrong then.
May 5, 20233 yr https://www.politico.com/news/2023/05/05/u-s-adds-a-strong-253-000-jobs-despite-feds-rate-hikes-00095541 Quote America’s employers added a robust 253,000 jobs in April, evidence of a labor market that still shows surprising strength despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The unemployment rate ticked down to 3.4%, matching a 54-year low. Last month’s hiring gain compared with 165,000 in March and 248,000 in February, and is at a level considered vigorous by historical standards. The Biden economic miracle keeps rolling. My condolences to the media and the Republican Party.
May 26, 20233 yr 36 minutes ago, we_gotta_believe said: Sanity restored Quote The Republican-sponsored bill passed by a vote of 218-203 with two Democrats joining the Republican majority in favor of the resolution. It’s unclear whether the bill will pass the Democrat-controlled Senate, but if it does, the White House has already vowed to veto it.
May 26, 20233 yr 10 minutes ago, Mike030270 said: Figured, but it was a flickering of sanity from a party that had completely gone over the deep end.
May 26, 20233 yr 1 minute ago, we_gotta_believe said: Figured, but it was a flickering of sanity from a party that had completely gone over the deep end. I thought you were a democrat? They're the ones pushing for the debt relief
May 26, 20233 yr 2 minutes ago, Mike030270 said: I thought you were a democrat? They're the ones pushing for the debt relief Not by choice, which is why I despise Trump. Yes, I voted for Biden and hate what populism has done to the GOP, but I'd vote for Amash, Romney, and any other sensible fiscal conservatives in a second if given the chance. Socially liberal and fiscally conservative minded people no longer have a home in the modern-day GOP.
June 13, 20233 yr Inflation was 0.1% for May, down to 4% YoY. https://www.bls.gov/cpi/latest-numbers.htm Seems like a good report to me. Market will probably tank because it's wholly irrational lol.
June 13, 20233 yr 10 minutes ago, JohnSnowsHair said: Seems like a good report to me. Market will probably tank because it's wholly irrational lol. Maybe a slight dip but I would be shocked at anything significant. We're up like 5% or so in the past month, so yeah some of that might erode a bit, but would be shocked if we lost most of those gains by week's end. I guess if the larger concern is that this is the start of a trend toward a deflationary spiral then yeah i could see some bleeding but who knows.
June 13, 20233 yr 6 minutes ago, we_gotta_believe said: Maybe a slight dip but I would be shocked at anything significant. We're up like 5% or so in the past month, so yeah some of that might erode a bit, but would be shocked if we lost most of those gains by week's end. I guess if the larger concern is that this is the start of a trend toward a deflationary spiral then yeah i could see some bleeding but who knows. Premarket looks way up. Maybe I'll profit take at like 10-11am because I feel like there's always a pullback in the afternoon. More likely I'll just do nothing because I tend to overthink trades past the point of where I should have made them.
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