July 29, 20223 yr 7 hours ago, we_gotta_believe said: A single day worth of sales to represent consumer sentiment in a sector over the past couple years? Mmmkay. Yes! That’s what an example is. And it’s not the past couple of years. More like the last 6-12 months. There is plenty of economic data that shows the consumer has tightened on spending recently. Prime Day is an example of this, where consumers delayed purchases to find sales.
July 29, 20223 yr 2 hours ago, ToastJenkins said: About the definition of recession obviously but you knew that are are just being intentionally obtuse to try and play some sort of semantic gotcha game. Its your only move There's an entire section about the definition, so you'll have to be more specific lest you want to come across as also having fallen for a right-wing media talking point that was easily debunked by literally going to the wikipedia entry yourself.
July 29, 20223 yr 7 minutes ago, TEW said: Yes! That’s what an example is. And it’s not the past couple of years. More like the last 6-12 months. There is plenty of economic data that shows the consumer has tightened on spending recently. Prime Day is an example of this, where consumers delayed purchases to find sales. Yeah and it's a terrible one given the overall sales numbers of said company over the last 6-12 months.
July 29, 20223 yr 10 minutes ago, we_gotta_believe said: Yeah and it's a terrible one given the overall sales numbers of said company over the last 6-12 months. I never brought up the sales numbers of the company. That’s a red herring you injected into the conversation.
July 29, 20223 yr 12 minutes ago, TEW said: I never brought up the sales numbers of the company. That’s a red herring you injected into the conversation. Using sales numbers over a longer and more representative time period instead of the sales of a single day is a red herring.
August 2, 20223 yr 10 hours ago, Eaglesfandan said: So $20 a gallon by Christmas? I was told it will hit 10 to 11 dollars by an extremely reliable source.
August 2, 20223 yr 44 minutes ago, Boogyman said: I was told it will hit 10 to 11 dollars by an extremely reliable source. I was told 12 by the new year!
August 2, 20223 yr 16 hours ago, Eaglesfandan said: So $20 a gallon by Christmas? BEFORE OR AFTER THE NUCLEAR WAR?
August 2, 20223 yr Just now, dawkins4prez said: BEFORE OR AFTER THE NUCLEAR WAR? Jokes on you... we'll be using the barter system.
August 2, 20223 yr 30 minutes ago, mayanh8 said: Jokes on you... we'll be using the barter system. The kids will call it Paleo Crypto.
August 2, 20223 yr 1 minute ago, dawkins4prez said: The kids will call it Paleo Crypto. In such a world, the current generation of useless kids would all be dead. The last one would die claiming that Big Bird was racist for not giving her a hug.
August 2, 20223 yr 13 minutes ago, vikas83 said: In such a world, the current generation of useless kids would all be dead. The last one would die claiming that Big Bird was racist for not giving her a hug. Big Bird is racist, but not for that. For his brief stint with the KKK. Nobody believes he was undercover. He's a giant yellow bird.
August 3, 20223 yr On 7/29/2022 at 4:17 PM, JohnSnowsHair said: I honestly have no idea what the administration is proposing. I didn't expect anything more than a basic competence and mediocrity from Biden, and the challenges it's being tasked to deal with are frankly beyond them. (FWIW I think Trump would be performing far worse and deflecting blame in a manner that would further divide the nation, so it's still a net positive over the alternative by a long shot. But Biden is just not up to this moment.) Fortunately our economic engine is strong enough to muddle through crap political leadership and come out reasonably strong. But the Fed needs to get its act together and become the adults in the room they're supposed to be. They need to hold the line on rates and force Washington to pay for its bills or cut spending - or frankly both. Cheap money for too long has led to bad habits that must be broken. And higher rates should help bury MMT. It’s too late dude. They literally can’t raise rates to any significant level and force the government to balance the books. It’s a mathematical impossibility unless you get some deus ex machina type of economic event. We roll over about 30% of our debt per year, so every year you’re paying those rate increases on ~$7T. Then you look at GDP inputs… C+I+G+(X-M). C and I will implode if you lower G and increase interest rates, and (X-M) is already negative. There is no way out. We crossed the event horizon long ago.
August 10, 20223 yr "On a monthly basis, the CPI is estimated to have increased by 0.2% in July after rising 1.3% the prior month, the result of falling energy prices such as gasoline." -WSJ That is a good thing. It's only one month though. We had a good month earlier in the year but that didn't become a trend. Year over year inflation is going to stay high until we start getting a few months of low inflation like this. One data point is not a trend but every trend starts with one. The question of whether this is the beginning of the of high inflation won't be answered for months.
August 10, 20223 yr And just like that, inflation drops below expectations and my portfolio gets another massive boost. WINNING
August 10, 20223 yr 1 hour ago, barho said: And just like that, inflation drops below expectations and my portfolio gets another massive boost. WINNING A whole 0.2% below expectation. We’re still near 40 year high inflation. Not winning.
August 10, 20223 yr Just now, Blazehound said: A whole 0.2% below expectation. We’re still near 40 year high inflation. Not winning. Eh....market seems to like it.
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