September 24, 20224 yr 20 hours ago, we_gotta_believe said: Energy sector getting crushed today. Barrel of crude at its lowest since before the war. Trumpbots should be along to sing Biden's praises any minute now...
September 26, 20224 yr One hand keeps printing money, the other keeps raising interest rates. Can't imagine what's driving inflation. President Biden's move to cancel up to $10,000 in student loans for many borrowers — and up to $20,000 for others — will cost more than $400 billion, according to the nonpartisan Congressional Budget Office (CBO). The analysis also said Biden's suspension of payments for other borrowers until the end of the year — made as part of the same action — will hit taxpayers too.
September 26, 20224 yr 31 minutes ago, EaglesRocker97 said: $400 over ten years? That's a pittance in today's budgetary climate. I think that this was the wrong way to handle the student debt issue, but the MAGA crowd sat on their hands when the orange clown was buying votes with his handouts. I bet they didn’t have a problem spending all the money we were given when he was in office.
September 27, 20224 yr 1 hour ago, Tnt4philly said: I think that this was the wrong way to handle the student debt issue, but the MAGA crowd sat on their hands when the orange clown was buying votes with his handouts. I bet they didn’t have a problem spending all the money we were given when he was in office. The smart ones still have it knowing this was where we are headed. 😉 Fourth quarter looks to be showing so real potential.
September 27, 20224 yr 1 hour ago, lynched1 said: The smart ones still have it knowing this was where we are headed. 😉 Fourth quarter looks to be showing so real potential. Not smart enough to realize trump contributed to this mess. Smarter people knew we were heading in this direction long before Biden took office.
September 27, 20224 yr 13 minutes ago, Tnt4philly said: Not smart enough to realize trump contributed to this mess. Smarter people knew we were heading in this direction long before Biden took office. They’re the same ones who now reflexively deflect from any discussions about Pop Pop’s culpability.
September 27, 20224 yr 3 hours ago, Tnt4philly said: Not smart enough to realize trump contributed to this mess. Smarter people knew we were heading in this direction long before Biden took office. Yeah. I really love this part. Almost as good as act two where Biden gets replaced, policies get changed, and you're here telling me it was all Biden. Welcome back btw.
September 27, 20224 yr 15 hours ago, The_Omega said: They’re the same ones who now reflexively deflect from any discussions about Pop Pop’s culpability. Not a deflection at all. The same people crying about Biden now, gave and continue to give trump a pass. The discussion about who’s culpable for the economy involve more than just one man or administration. People are quick to point fingers at the other side but are nose blind to the stink in their own house.
September 27, 20224 yr 12 hours ago, lynched1 said: Yeah. I really love this part. Almost as good as act two where Biden gets replaced, policies get changed, and you're here telling me it was all Biden. Welcome back btw. I have been able to increase my income 50% since Biden was elected. He’s the man!!! 🙏
September 27, 20224 yr 16 minutes ago, Tnt4philly said: Not a deflection at all. The same people crying about Biden now, gave and continue to give trump a pass. The discussion about who’s culpable for the economy involve more than just one man or administration. People are quick to point fingers at the other side but are nose blind to the stink in their own house. Are you trying to say that Zucker's partisan? That seems like a stretch.
September 27, 20224 yr 23 minutes ago, Tnt4philly said: I have been able to increase my income 50% since Biden was elected. He’s the man!!! 🙏 Just got an unexpected mid-year bonus. Thanks Joe!
September 27, 20224 yr Lumber prices are back down to pre-Covid levels. I do think the fed cutting 75 basis points most recently was too far, and I know some were looking at a full 1% but I think it should have been 0.50%. Signs were pointing to a loosening labor market and inflation trending down even if it was trending down as fast as we'd hope.
September 27, 20224 yr 49 minutes ago, Tnt4philly said: I have been able to increase my income 50% since Biden was elected. He’s the man!!! 🙏 50% is relative. Getting back twice what you put into a soda machine is impressive by those standards.
September 27, 20224 yr 29 minutes ago, JohnSnowsHair said: Lumber prices are back down to pre-Covid levels. I do think the fed cutting 75 basis points most recently was too far, and I know some were looking at a full 1% but I think it should have been 0.50%. Signs were pointing to a loosening labor market and inflation trending down even if it was trending down as fast as we'd hope. Not that I'm really in my wheelhouse on this topic, but I say keep jacking the rates. The housing market is so out of whack, something has to be done to temper outsized demand by a bunch of established propertyholders just acquiring more properties and swapping them with each other. Encouraging well-off people to hoard real estate and turn it into a speculative market is absolutely going to crush the middle class. I know there's no obvious solution to this, though.
September 27, 20224 yr 19 minutes ago, EaglesRocker97 said: Not that I'm really in my wheelhouse on this topic, but I say keep jacking the rates. The housing market is so out of whack, something has to be done to temper outsized demand by a bunch of established propertyholders just acquiring more properties and swapping them with each other. Encouraging well-off people to hoard real estate and turn it into a speculative market is absolutely going to crush the middle class. I know there's no obvious solution to this, though. The problem is the full effects of a rate hikes are delayed, so the Fed is making a best guess projection about whether the cuts are/aren't enough to turn back inflation vs tanking the economy. I think 0.75% is closer to tanking the economy and overshooting the necessary change to wrangle inflation. It's based on little more than intuition, just my $0.02.
September 28, 20224 yr 10 hours ago, JohnSnowsHair said: Lumber prices are back down to pre-Covid levels. No they're not. 😒
September 28, 20224 yr Had to stop for the more expensive gas on route 1 today in NJ, $3.28 Thanks Brandon.
September 28, 20224 yr Boxed pork? Am I missing out on the latest fad? Can I have it with some boxed water, please?
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