February 27, 20242 yr On 11/24/2023 at 8:30 AM, Tnt4philly said: Give them a break, they have to blame their pathetic lives on someone. Like successful people and corporations?
March 5, 20242 yr So are all you economic doom-and-gloomers missing out on a hot job market, strong wage growth, and 401ks taking advantage of market highs?
March 6, 20242 yr 20 hours ago, JohnSnowsHair said: So are all you economic doom-and-gloomers missing out on a hot job market, strong wage growth, and 401ks taking advantage of market highs? U.S. indexes: For 2023, the S&P jumped 24.23%, the Dow gained 13.8% and the Nasdaq rocketed 43.42%.
March 6, 20242 yr 4 minutes ago, barho said: U.S. indexes: For 2023, the S&P jumped 24.23%, the Dow gained 13.8% and the Nasdaq rocketed 43.42%. And up another 7% YTD too. I bet all the trumpbots "knew" the market was going to crash so they sold off only to miss 30%+ in gains in just over a year's time. Hate to see it.
March 6, 20242 yr 15 minutes ago, we_gotta_believe said: And up another 7% YTD too. I bet all the trumpbots "knew" the market was going to crash so they sold off only to miss 30%+ in gains in just over a year's time. Hate to see it. Their loss is everyone's gain.
April 6, 20242 yr BS in. BS out....... The US Fed may kill the Biden presidency (msn.com) A recent paper led by former treasury of the secretary Larry Summers has helped clear up the discrepancy. Summers and his co-authors show that if we adjust American inflation data to consider changes in methodology that have taken place over the past few decades, we see inflation not peaking at 9pc, as the official data indicates, but rather at 18pc. The paper also suggests that inflation measured in line with historical norms would have been 8pc at the end of 2023, not the 3pc shown in the official statistics.
April 6, 20242 yr 9 minutes ago, lynched1 said: BS in. BS out....... The US Fed may kill the Biden presidency (msn.com) A recent paper led by former treasury of the secretary Larry Summers has helped clear up the discrepancy. Summers and his co-authors show that if we adjust American inflation data to consider changes in methodology that have taken place over the past few decades, we see inflation not peaking at 9pc, as the official data indicates, but rather at 18pc. The paper also suggests that inflation measured in line with historical norms would have been 8pc at the end of 2023, not the 3pc shown in the official statistics. Alternate facts
April 7, 20242 yr On 4/6/2024 at 6:14 AM, lynched1 said: BS in. BS out....... The US Fed may kill the Biden presidency (msn.com) A recent paper led by former treasury of the secretary Larry Summers has helped clear up the discrepancy. Summers and his co-authors show that if we adjust American inflation data to consider changes in methodology that have taken place over the past few decades, we see inflation not peaking at 9pc, as the official data indicates, but rather at 18pc. The paper also suggests that inflation measured in line with historical norms would have been 8pc at the end of 2023, not the 3pc shown in the official statistics. Three types of lies
July 11, 20242 yr Inflation report looks very good. Prices dropped -0.1% in June. YoY is 3.0%, 0.1% below expectations.
July 11, 20242 yr 6 minutes ago, JohnSnowsHair said: Inflation report looks very good. Prices dropped -0.1% in June. YoY is 3.0%, 0.1% below expectations. Let's go live to see how paco is taking the news... Spoiler
July 11, 20242 yr 10 minutes ago, we_gotta_believe said: Let's go live to see how paco is taking the news... Hide contents You mean Procus?
July 11, 20242 yr 1 minute ago, JohnSnowsHair said: You mean Procus? I mean the guy who made this post: On 7/3/2024 at 12:00 PM, paco said: Lol wait... I hope this is trolling or schtick. Immediately following a pandemic when everything shut down and people were laid off, hardly impressive I wouldn't spike that football yet. A lot of bad economic indicators AND inflations\interest rates are still sky high. Stock market is under performing when adjusted for inflation You mean the leftists rioting in the streets during the pandemic? Also cities are still trying to reverse course from defund the police.
July 11, 20242 yr Didn't I respond to that with jobs data showing clearly that we're well past replacement level? Inflation has lingered longer than anyone hoped but it seems to be normalizing now. I'd like to see 1-2 more months stacked but it could be the beginning of the trend we need.
July 11, 20242 yr 35 minutes ago, JohnSnowsHair said: Inflation report looks very good. Prices dropped -0.1% in June. YoY is 3.0%, 0.1% below expectations. 31 minutes ago, we_gotta_believe said: Let's go live to see how paco is taking the news... Reveal hidden contents 18 minutes ago, we_gotta_believe said: I mean the guy who made this post: I'm not sure what counterpoint you think you are making. I said two things in regards to the economy 1) The Dow has underperformed against historical trends when inflation is factored in during Biden's presidency. This is an undisputed fact. Literally did the math to show it. 2) I said there we are not out of the woods yet for a potential recession. There are key metrics that point to it still being a possibility like rising unemployment. (Many think this will force the Feds hand to make a rate cut) At no point did I say inflation wasn't starting to cool. I'm not shocked this goes over your head Tiny Tool. You're the same jackass who claims your retirement savings were flat under Trump but way up under Biden which leads me to believe your portfolio is 100% invested in forever stamps. At this point I can only conclude that you are completely financially illiterate and I can go back to my policy of (trying to) ignore you.
July 11, 20242 yr 1 minute ago, paco said: I'm not sure what counterpoint you think you are making. I said two things 1) The Dow has underperormed against historical trends when inflation is factored in. This is an undisputed fact. Literally did the math to show it. 2) I said there we are not out of the woods yet for a potential recession. There are key metrics that point to it still being a possibility like rising unemployment. I'm not shocked this goes over your head Tiny Tool. You're the same jackass who claims your retirement savings were flat under Trump but up under Biden which leads me to believe your portfolio is 100% invested in forever stamps. Unemployment is rising into healthier territories. While it's great to have unemployment under 4%, it's actually healthier for unemployment to be more in the 4.5% range. High unemployment is obviously bad, but very low unemployment is a contributing factor to inflation. It's probably related that unemployment is ticking over 4% concurrent with inflation slowly dropping. The DOW is also an outdated metric IMHO. It doesn't reflect what is powering the overall stock market. Adjusted for inflation the S&P is up almost 20% from Jan 20 2021. I haven't looked at the NASDAQ but I suspect it's up significantly as well. Considering the first 18 mos of Biden's presidency was spent dealing with supply chain issues and lingering economic impacts of Covid, it's been pretty good. And the last year has been phenomenal now that Covid things are settled.
July 11, 20242 yr 11 minutes ago, JohnSnowsHair said: Unemployment is rising into healthier territories. While it's great to have unemployment under 4%, it's actually healthier for unemployment to be more in the 4.5% range. High unemployment is obviously bad, but very low unemployment is a contributing factor to inflation. It's probably related that unemployment is ticking over 4% concurrent with inflation slowly dropping. In a vacuum, I agree. But (and I say this with extreme bias given the sector I work in) we are seeing that the current job market is making it harder for people to find and keep jobs. 4.1 could turn into 5.1 real quick. 11 minutes ago, JohnSnowsHair said: The DOW is also an outdated metric IMHO. It doesn't reflect what is powering the overall stock market. Adjusted for inflation the S&P is up almost 20% from Jan 20 2021. I haven't looked at the NASDAQ but I suspect it's up significantly as well. Considering the first 18 mos of Biden's presidency was spent dealing with supply chain issues and lingering economic impacts of Covid, it's been pretty good. And the last year has been phenomenal now that Covid things are settled. It is a matter of opinion if DOW is outdated. NASDAQ obviously does a better job of giving a complete picture. But the DOWs stocks are the heavy hitters\Big blue chippers and if they underperform, then we are could be in trouble given their relative stability. Personally I look to the DOW to identify upcoming bear markets and NASDAQ for bulls.
July 11, 20242 yr 20 minutes ago, paco said: At no point did I say inflation wasn't starting to cool. I'm not shocked this goes over your head Tiny Tool. You're the same jackass who claims your retirement savings were flat under Trump but way up under Biden which leads me to believe your portfolio is 100% invested in forever stamps. At this point I can only conclude that you are completely financially illiterate and I can go back to my policy of (trying to) ignore you. So you never said inflation was still "sky high"? I made that part up? Or are you going to argue that 3% fits your definition of "sky high"? Pick one, you can't have both.
July 11, 20242 yr 23 minutes ago, we_gotta_believe said: So you never said inflation was still "sky high"? I made that part up? Or are you going to argue that 3% fits your definition of "sky high"? Pick one, you can't have both. I said inflation\interest rates are still sky high. I said nothing about it not going down. Fact 1: Inflation is still high and is still higher than it was in Jan 2024. We have not sniffed the desirable target of 2% since early 2022 when it started to balloon and we appear to be quite a bit a way from accomplishing that still. Fact 2: Interest rates are the highest they've been since 2000 Fact 3: You are tiny in both physical stature and in character. And a tool. Because of this your next move will be to argue semantics over the word "sky" which you already started to primer and I'll go back to ignoring you.
July 11, 20242 yr 15 minutes ago, paco said: I said inflation\interest rates are still sky high. So you're saying 3% inflation is "sky high", have I got that right?
July 11, 20242 yr 18 minutes ago, paco said: Fact 3: You are tiny in both physical stature and in character. And a tool. Because of this your next move will be to argue semantics over the word "sky" which you already started to primer and I'll go back to ignoring you. 2 minutes ago, we_gotta_believe said: So you're saying 3% inflation is "sky high", have I got that right? This gives me an idea for a CVON poll Biggest caricature of themself? Jeff Goldblum Johnny Depp Tiny Tool Christopher Walken
July 11, 20242 yr Nice edit to toss that in after the fact, but I think you'd be surprised on the results of a poll asking if 3% inflation is "sky high"
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