Dow drops more than 700 points following inflation report

[Moonglow]

Reagan was reelected with high interest rates and a higher unemployment rate and he gave the illegals amnesty...I don't think it will hurt Biden as much as you think.

 

[evenflow1969]

MSN

This has once again affected home mortgage rates. I was looking at 5.75% until two days ago now up to 6.25%. This is with a VA home loan. Rates truly are at 7.10%

But everything is fine right Biden voters?

Lol, wish I had money to buy today. There is some money to be made. Of course that shit happens when I have all my shit tied up. Oh well par for the course.

 

[Harry Dresden]

Congress did no such thing.

The markets are back up today. That's what they do. We need to quit letting the markets run the country.

and we also need to stop this because the market is up......everyones quality of life must be just great.......

 

[John Edgar Slow Horses]

Yesterday was a gainer.

Less than two hours from closing:

DJIA38,726.88
+302.61+0.79%
LAST | 2:46:12 PM EST
S&P 5005,028.48
+27.86+0.56%
LAST | 2:46:18 PM EST
NASDAQ15,899.69
+40.54

 

[Winco]

My portfolio is the same today as it was the day before the 700 point loss of 2 previous days.

Looks like the market bounced back.
Big Surprise.

 

[Fort Fun Indiana]

MSN

This has once again affected home mortgage rates. I was looking at 5.75% until two days ago now up to 6.25%. This is with a VA home loan. Rates truly are at 7.10%

But everything is fine right Biden voters?

I am curious what your solution is to get people to make less money and/or spend less money.

Which is the only way you will slow inflation.

The world is listening, professor.

 

[TheYellowKing]

We paid 9% during Raygun.

Again dumbass home prices then were under 100k

 

[TheYellowKing]

I am curious what your solution is to get people to make less money and/or spend less money.

Which is the only way you will slow inflation.

The world is listening, professor.

Wrong

We can slow inflation but not printing money and giving billions to foreign countries for starters

 

[TheYellowKing]

they were in the mid teens with carter

And how much did a home cost?

 

[Fort Fun Indiana]

Wrong

We can slow inflation but not printing money and giving billions to foreign countries for starters

Uh, no, that's 100% wrong. Neither of those things are the cause of the current inflation.

A hot economy where people are spending a lot of money is the cause

 

[Winco]

Biden made up for the 50% in crease in home prices and the 300% higher interest rate

300% higher?????
You are really bad at math.

Can you state the numbers you used to calculate that 300% higher interest rate?

 

[Fort Fun Indiana]

300% higher?????
You are really bad at math.

Can you state the numbers you used to calculate that 300% higher interest rate?

He did something really stupid.

He is saying 8.50% is about 300% of 3.25% (prime lending rate)

 

[Winco]

He did something really stupid.

He is saying 8.50% is about 300% of 3.25% (prime lending rate)

He has NO idea what 300% higher actually means.
Just a talking point to confuse the Cult. It works on the Cult.
And on Sergeant Bill.

Here is some help Sergeant Bill

let's use 3.00 %

a 100% increase brings it to 6.00%
100% higher is still 6.00%
300% higher would be 12.00%. rates are nowhere near 12.00%

See how that works Billy?

in home prices and the 300% higher interest rate

 

[iku]

He has NO idea what 300% higher actually means.
Just a talking point to confuse the Cult. It works on the Cult.
And on Sergeant Bill.

Here is some help Sergeant Bill

let's use 3.00 %

a 100% increase brings it to 6.00%
100% higher is still 6.00%
300% higher would be 12.00%. rates are nowhere near 12.00%

See how that works Billy?

Hole, I do. We talking about folks like you that have 500 FICO

 

[Orangecat]

Luckily Congress just passed another spending bill for the Ukraine, about another trillion dollars

The good news is, no one can actually picture how much a trillion actually is, especially considering the universe itself is only about a mere 15 billion years old.

Just picture the largest number you can conceptualize and multiply it by infinity.

I'm sure this will do wonders for the economy in the US regarding inflating the dollar away.


Well done gang!!!

 

[iku]

300% higher?????
You are really bad at math.

Can you state the numbers you used to calculate that 300% higher interest rate?

500 FICO subprime for Holes such as yourself
I myself have never had a home loan. Paid cash.
And you

 

[iku]

He did something really stupid.

He is saying 8.50% is about 300% of 3.25% (prime lending rate)

Hole, I have never needed a loan for anything. Cash only
And you

 

[Moonglow]

Again dumbass home prices then were under 100k

Min wage was $3.35

 

[Winco]

Hole, I do. We talking about folks like you that have 500 FICO

Hole???????

500 FICO subprime for Holes such as yourself
I myself have never had a home loan. Paid cash.
And you

Our FICO score is over 800. Yours?
I get loans.
That's not a bad thing.
Investing is good.

Hole, I have never needed a loan for anything. Cash only
And you

Stupid.

 

[iku]

Winco

Hole???????

Our FICO score is over 800. Yours?
I get loans.
That's not a bad thing.
Investing is good.



Stupid.

I knew you would ask

LOL At You HOLE, Never ever pay interest to anyone but yourself.

I am doing just fine.