Stocks Plummeting After News of Latest Inflation Increase

[Cellblock2429]

With Biden as President, I'm having Jimmy Carter flashbacks. It's 1979 all over again, only I don't think I'm going to get 17% on my CDs this time.

/——-/ Jimmy Carter was basically a decent person in over his head. Biden is a corrupt DC Swamp rat.

 

[MarathonMike]

/——-/ Jimmy Carter was basically a decent person in over his head. Biden is a corrupt DC Swamp rat.

Agreed. Carter was also extremely intelligent, just clearly not meant to lead a country. Like I've said Biden has zero redeeming qualities, plus he's a dumb ass, he's corrupt and now he's brain damaged.

 

[Toddsterpatriot]

the poor are still poor.

Over 8% poorer than they were last year.

 

[Toddsterpatriot]

They will go down, but the feds plunge protection team will bring them back up. The feds will buy bonds to keep things up atleast until midterms are over. They can't afford to actually let it crash until midterms are over.

They are keeping the debt market in place for now. It drops but they bring it back by the end of the day and never let it stay down on Friday when the market is closed for the weekend.

Bond yields are still a good indicator of how the debt market is doing. Which is bad because returns on a 2 year bond are higher than a 10 year bond. That's the exact opposite of of what should be happening. They want people to see bigger returns in a shorter period of time so they increase in the hopes of people buying them up because they know no one has faith in 10 years they will see their return.

If they lose big in midterms I expect them to crash that shit and blame it on Republicans or use it as an excuse to assume control by centralizing banks or trying to implement a new digital currency system "for our protection".

They will go down, but the feds plunge protection team will bring them back up. The feds will buy bonds to keep things up atleast until midterms are over. They can't afford to actually let it crash until midterms are over.

The Fed is reducing their bond holdings.

 

[Toddsterpatriot]

Absolutely > price controls - on rental housing.
1. rent control
2. rent rollbacks to 2018 leels
3, stipends for beleagured renters

But show me 1 politician who is supporting these proposals.

Alex......what are three really bad ideas?

 

[Toddsterpatriot]

How typical that none of the wingnuts here are calling you a commie or a Socialist.

No enemies to the Right.

He's a commie, a socialist.

 

[Flopper]

With Biden as President, I'm having Jimmy Carter flashbacks. It's 1979 all over again, only I don't think I'm going to get 17% on my CDs this time.

No. Possibly 9%.

 

[otto105]

/——-/ Jimmy Carter was basically a decent person in over his head. Biden is a corrupt DC Swamp rat.

President Carter was too honest which hurt him in politics.

The former 1-term president president didn’t have that moral problem.

 

[Flopper]

Illustration of an economy in free fall - being led by the brainless.

The economy is not in free fall although the stock market might be. The economy is adding jobs and expanding which is why we have an 8% inflation rate and the fed is raising interest rates. I expect interest rates will continue going up the remainder of the year. Inflation peaked at 9.1% in June, down to 8.5 in July, and 8.3 in August. If this trend continues, by the 1st of the year we could see Fed changing policy.

 

[Flopper]

Bookmarked.

Don't you actually have money in the market?
The Market WILL bounce back, and you WILL attribute it to anything other than Biden.

The fact that the Fed is moving aggressively now makes it likely that the economy will be much better in 2 years.

I know being a political pundits we always blame presidents for all economic problem but the fact is the most important action a president takes in regard to the economy is appointment of the Fed chairmen and the governors. They are responsible for controlling economy via monetary policy.

The effect of Fiscal Policy, government speeding, and taxes is the joint responsibility of the president and congress. The effect on the economy depends amount and whether it is short term or long term.

The chance that midterm voting will have any effect on current the economy is just about zero. In regard to the economy, it is little more than a political statement.

 

[Cellblock2429]

President Carter was too honest which hurt him in politics.

The former 1-term president president didn’t have that moral problem.

/——/ What was dishonest about Trump? Promising no earnings less than $400,000 would pay more taxes?

 

[gipper]

 

[otto105]

/——/ What was dishonest about Trump? Promising no earnings less than $400,000 would pay more taxes?

Only 30,000+ lies as president.

 

[Cellblock2429]

Only 30,000+ lies as president.

/——/ LOL https://www.realclearpolitics.com/a...t_made_20000_false_or_misleading_claims.html#!
The problem is that any cursory inspection of the Post database reveals that the idea that Trump has told 20,000 “false or misleading” statements is itself false and misleading. Vast quantities of the 20,000 are redundancies – statements, however tendentious, that Trump has repeated ad nauseum. More problematic is that thousands of statements The Washington Post labels as untrue or misleading are more properly considered the habitual verbal excess for a man known for his immoderate form of communication. Further, a great many of the Post’s objections to Trump’s statements amount to argumentative quibbles that aren’t really “fact checks.”

 

[otto105]

/——/ LOL https://www.realclearpolitics.com/a...t_made_20000_false_or_misleading_claims.html#!
The problem is that any cursory inspection of the Post database reveals that the idea that Trump has told 20,000 “false or misleading” statements is itself false and misleading. Vast quantities of the 20,000 are redundancies – statements, however tendentious, that Trump has repeated ad nauseum. More problematic is that thousands of statements The Washington Post labels as untrue or misleading are more properly considered the habitual verbal excess for a man known for his immoderate form of communication. Further, a great many of the Post’s objections to Trump’s statements amount to argumentative quibbles that aren’t really “fact checks.”

An opinion piece?


And it’s 30K+

 

[protectionist]

I’m certainly am not going to vote for the following from (R)

1). Stealing Documents and not giving them to NARA
2). Not allowing a peaceful transfer of power, thus leading to J6 event dividing our Country
3). Minimalizing the value of Women
4). Asking a foreign government for help with our election
5). Starting and spreading Conspiracy Theories with absolute lies
6). Screaming Stolen and Rigged Election when you win and when you lose
7). The large list goes on and I can’t support ANY of the above.

So yes, I will be voting Democrat, 100%.

Too bad none of those things are true, and are nothing but silly, leftist propaganda. Guys like you are the reason millions of people have just gone from secure living to being homeless. Why people can't afford to buy their foods. Why mothers can't get baby formula.

 

[protectionist]

Roe Roe Roe the Vote!!

BTW inflation is still high because people are still buying shit, traveling and spending.

They're still buying things because the 3 main inflated commodities (gas, food, rents) are all necessities.

 

[protectionist]

Roe Roe Roe the Vote!

Thanks to your red tide Maggie Hassin just won re-election in NH last night.



Enjoy

Georgia and Nevada going Republican. Its over for Dems.

 

[protectionist]

How typical that none of the wingnuts here are calling you a commie or a Socialist.

No enemies to the Right.

Maybe it's because 80% of blue states have laws banning rent control.

 

[protectionist]

/——/ LOL https://www.realclearpolitics.com/a...t_made_20000_false_or_misleading_claims.html#!
The problem is that any cursory inspection of the Post database reveals that the idea that Trump has told 20,000 “false or misleading” statements is itself false and misleading. Vast quantities of the 20,000 are redundancies – statements, however tendentious, that Trump has repeated ad nauseum. More problematic is that thousands of statements The Washington Post labels as untrue or misleading are more properly considered the habitual verbal excess for a man known for his immoderate form of communication. Further, a great many of the Post’s objections to Trump’s statements amount to argumentative quibbles that aren’t really “fact checks.”

Democrats create their own realities, then imagine everyone is believing them.