February 7, 20223 yr 28 minutes ago, JohnSnowsHair said: I just ordered some RAM for a home PC and it's 70% more than it was 14 mos ago. Thanks Biden.
February 8, 20223 yr 4 hours ago, Toty said: Could you photoshop Musk's face onto one of those Chicken Teddy Bears next?
February 8, 20223 yr 24 minutes ago, Toty said: I don't usually turn down requests but - no. that thing's weird. Chicken teddy bears or Musks face? Or both?
February 9, 20223 yr Trump’s trade war was a total flop https://finance.yahoo.com/news/trumps-trade-war-was-a-total-flop-224150586.html Quote New trade data for 2021 shows that China came nowhere near fulfilling its commitments in the 2020 phase one deal, with U.S. exporters ending up worse off than they would have been had Trump done nothing on trade. Analysis of trade data by Chad Bown of the Peterson Institute for International Economics found that during the first two years covered by the trade deal—2020 and 2021—China purchased just 57% of what it had committed to in the trade deal. China said it would buy at least $502 billion of U.S. goods during those two years. Yet total purchases added up to just $289 billion.
February 10, 20223 yr On 1/21/2022 at 4:15 PM, DaEagles4Life said: How is everyone's portfolio today!? Told yall to dump twitter…wgb will be giving back alleys handys with his investing acumen…
February 10, 20223 yr 8 minutes ago, Kz! said: OMG, someone please tell Biden that "data" is plural!!!
February 10, 20223 yr 13 minutes ago, EaglesRocker97 said: OMG, someone please tell Biden that "data" is plural!!! What's the point? He'd just forget a few minutes later.
February 10, 20223 yr 23 hours ago, Toastrel said: Trump’s trade war was a total flop https://finance.yahoo.com/news/trumps-trade-war-was-a-total-flop-224150586.html To recap: It was a dumb idea then, and even dumber after events that transpired afterwards (a global pandemic and recession). Trump escalated his own trade war, only to make a deal with China that ended up sinking American companies and farmers. Art of the deal, folks.
February 10, 20223 yr 59 minutes ago, toolg said: To recap: It was a dumb idea then, and even dumber after events that transpired afterwards (a global pandemic and recession). Trump escalated his own trade war, only to make a deal with China that ended up sinking American companies and farmers. Art of the deal, folks. Yes, but he did get the GOP to say tariffs are awesome.
February 10, 20223 yr 18 hours ago, ToastJenkins said: Told yall to dump twitter…wgb will be giving back alleys handys with his investing acumen… Still in the black on twtr. Taking a bit of a bath on these vaccine stocks though. Amzn and msft offsets it all so don't get too excited, no handys yet, you'll still have to wait with the other hobos in the alley until the s&p tanks another 30%.
February 11, 20223 yr Inflation Haunts the Biden Economy An historic policy failure calls for a sharp turn at the Fed and White House. So how’s the U.S. government’s grand experiment in modern monetary theory turning out? Not well. Consumer prices over the past 12 months rose 7.5%— the most in 40 years—while real wages declined 1.7%, the Bureau of Labor Statistics reported Thursday. The report jolted financial markets, as stocks fell and bond yields rose. But nothing in the January report should be shocking. This is what happens when the government massively expands the money supply and over-stimulates demand. Yet the Federal Reserve and Biden Administration last year dismissed inflation as "transitory.” They have belatedly dropped that line, but they still won’t concede that inflation is becoming more entrenched as price increases have exceeded 5% for eight months in a row. https://www.wsj.com/amp/articles/inflation-haunts-the-biden-economy-federal-reserve-consumer-price-index-11644531980
February 11, 20223 yr 2 hours ago, EaglesRocker97 said: Fed definitely has to raise interest rates. Yup. I figure the market will tumble, been accumulating cash in case of that eventuality so I can heavily buy the dip. I don't know if that's prudent, the market is very irrational to me. But if treasury bills start creeping up that should suck dollars out of equities which I would expect would drop the market a good chunk. @vikas83 tell me how completely wrong I am
February 11, 20223 yr 3 minutes ago, JohnSnowsHair said: Yup. I figure the market will tumble, been accumulating cash in case of that eventuality so I can heavily buy the dip. I don't know if that's prudent, the market is very irrational to me. But if treasury bills start creeping up that should suck dollars out of equities which I would expect would drop the market a good chunk. I'm waiting for the housing bubble to burst and then swoop in on some real estate.
February 11, 20223 yr I love that after crying during every protest about streets or business being blocked, the GOP is suddenly pro-protest that shutters businesses, including a Ford plant. Thanks for once again proving that your outrage is as phony as your current crop of leaders.
February 11, 20223 yr 1 hour ago, JohnSnowsHair said: Yup. I figure the market will tumble, been accumulating cash in case of that eventuality so I can heavily buy the dip. I don't know if that's prudent, the market is very irrational to me. But if treasury bills start creeping up that should suck dollars out of equities which I would expect would drop the market a good chunk. @vikas83 tell me how completely wrong I am I do very little with the stock market nowadays -- mainly private stuff. What I would say is Fed tightening expectations have gotten waaaaaaaaaaaaay ahead of reality. Guys calling for a 50bps raise in March, or an emergency raise before March. Goldman now saying 7 rate increases in 2022. Powell does NOT like to surprise the market. I'd think a 25bps raise in March will lead to a short covering rally. I'd look to deploy before the March FOMC meeting, FWIW. Like in the week leading up to it.
February 11, 20223 yr 18 hours ago, DaEagles4Life said: She's completely correct. We have have ignored antitrust for way too long. Fed is only one part of the bigger picture.
February 11, 20223 yr 1 hour ago, EaglesRocker97 said: She's completely correct. We have have ignored antitrust for way too long. Fed is only one part of the bigger picture. I'm a big proponent of antitrust, though it does need to be deployed carefully. I'd like to see some specifics though about which companies lack sufficient competition.
February 11, 20223 yr 19 minutes ago, JohnSnowsHair said: I'm a big proponent of antitrust, though it does need to be deployed carefully. I'd like to see some specifics though about which companies lack sufficient competition. apparently the ones trying to maximize profits. So...all of them. She's a complete moron.
February 11, 20223 yr 31 minutes ago, vikas83 said: apparently the ones trying to maximize profits. So...all of them. She's a complete moron. Right. If there's a legit monopoly (which was probably helped along by regulatory capture mind you) then remediation through antitrust is a good tool to have. But if it's say gas companies, well the US gasoline market has shown that it's relatively inelastic up to $4. The only thing keeping gas prices lower is having a relatively high density of competing gas stations at the local level. If they all colluded and agreed to keep their prices within $.10 of $4, our national consumption would not change appreciably. This is where specifics matter. It's easy to cast general aspersions and let the reader fill in the gaps. But let's get specific Elizabeth - which companies? Which are monopolies?
February 11, 20223 yr 1 minute ago, JohnSnowsHair said: This is where specifics matter. It's easy to cast general aspersions and let the reader fill in the gaps. But let's get specific Elizabeth - which companies? Which are monopolies? The real problem is that the rabble doesn't want specifics. They want feelgood 30-second soundbites and 150-character Tweets. This has always been true to some extent, but the dumbing-down of our society over the last 20 years or so has been precipitous.
February 11, 20223 yr 53 minutes ago, EaglesRocker97 said: The real problem is that the rabble doesn't want specifics. They want feelgood 30-second soundbites and 150-character Tweets. This has always been true to some extent, but the dumbing-down of our society over the last 20 years or so has been precipitous. I agree. But there is plenty of opportunity for her to elaborate in a Twitter thread or elsewhere.
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