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Posted: 4/26/2024 10:03:46 AM EDT
CNN at your own risk
But the growing consensus among economists and investment strategists is that the days of the Goldilocks economy, where inflation was coming down without slowing GDP, are numbered. |
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Posted: 4/26/2024 10:05:31 AM EDT
[#1]
Yeah. I lived it.
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USA
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Posted: 4/26/2024 10:08:10 AM EDT
[#2]
If you thought 80 million votes was impressive, just wait to see hospice-Joe top 250 million in November. Ya know, after they finish counting a week later, and collect all the mail in votes, which happen to be 99% Joe votes.
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USA
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Posted: 4/26/2024 10:09:03 AM EDT
[#3]
Quote HistoryOriginally Posted By Waldo: Yeah. I lived it. +1 and it sucked Will it arrive before the election? Doubtful. |
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Posted: 4/26/2024 10:10:56 AM EDT
[Last Edit: 1975]
[#4]
Even so, the media won’t blame Biden for it.
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SC, USA
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Posted: 4/26/2024 10:12:06 AM EDT
[#5]
Rampant inflation in food and bills causes people to cut back on expendable enjoyments.
There was a grocery store food price increase just last week. OM baloney was 2 packs for $5 now $6. Lunchables $3 to $3.18 are just two examples. |
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Posted: 4/26/2024 10:17:19 AM EDT
[#6]
When I took my econ courses in undergrad we studied how bad stagflation was. It's pretty bad.
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Posted: 4/26/2024 10:21:22 AM EDT
[#7]
Thank Congress, the last president and the current president for encouraging shutting down the economy for over a year, spending, spending and continuing spending ($ printing).
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Posted: 4/26/2024 10:24:16 AM EDT
[#8]
I was a kid in the 70's, luckily my dad never lost his job.
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Posted: 4/26/2024 10:25:03 AM EDT
[#9]
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Posted: 4/26/2024 10:25:25 AM EDT
[#10]
Quote HistoryOriginally Posted By vxtip545: If you thought 80 million votes was impressive, just wait to see hospice-Joe top 250 million in November. Ya know, after they finish counting a week later, and collect all the mail in votes, which happen to be 99% Joe votes. And have a postmark from a factory in Mexico, 3 days after the election, but don't worry about that, you insurrectionist. |
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Posted: 4/26/2024 10:26:17 AM EDT
[Last Edit: Frank_B]
[#11]
Stagflation and the Misery Index.
Who will be the next Ronald Reagan? |
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Posted: 4/26/2024 10:26:43 AM EDT
[#12]
The important question is where to move your money to? Bonds, treasuries, leave it in the market?
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Posted: 4/26/2024 10:27:49 AM EDT
[#13]
The good news is that Ukraine and Israel have lots of our money.
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Posted: 4/26/2024 10:29:03 AM EDT
[Last Edit: Frank_B]
[#14]
Quote HistoryOriginally Posted By Ronnoc: The important question is where to move your money to? Bonds, treasuries, leave it in the market? This worked for my wife and me. We retired in our late 50s.. |
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Posted: 4/26/2024 10:30:21 AM EDT
[Last Edit: Chisum]
[#15]
OP is way off base. Gloom and Doom is like a social disease if you ignore the facts. Yes, the economy has slowed a fraction but is still positive. No other 1st World country is doing as well. The inflation rate was expected to rise but was below what was forecast. All in all, we are doing better despite Biden's assault on the economy. Try to keep up OP.
https://www.reuters.com/markets/us/us-economic-growth-slows-more-than-expected-first-quarter-2024-04-25/ "Typically, Federal Reserve decision-making puts more weight on core inflation, which strips out volatile food and energy prices. The core PCE price index rose 0.3% in March, not as bad as feared following the quarterly data. Markets feared that the core 12-month inflation rate would rise for the first time since late 2022, but that didn't happen, as core inflation held at 2.8%. On an unrounded basis, the 12-month core PCE inflation rate dipped to 2.82% from 2.84% in February and 2.93% in January. Over the past six months, though, core PCE inflation has been running at a 3% annual rate, unchanged from February. The 3-month annualized rate jumped to 4.4% from 3.7% in February and 3% in January. One reason that March data wasn't as bad as feared: The hot quarterly data partly reflected an upward revision prior data. In January, core PCE prices rose 0.5%, up from 0.45% previously. While not great, as long as inflation moderates from here, the Fed may be assuaged that January's outsized gain was a one-time catch-up, based on past wage and cost growth, as companies update prices to start the year." https://www.investors.com/news/economy/federal-reserve-inflation-rate-core-pce-march-rate-cuts-sp-500/ Stagflation is not here and may not even happen but it could. A lot of doomer crystal ball readers are often wrong. If you are worried about stagflation, ditch the bonds and buy stocks. Now is a good time as GDP will continue to grow. |
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Posted: 4/26/2024 10:32:37 AM EDT
[#16]
The Carter economy was scary. I remember my parents and grandparents talking about the insane interest rates, rising prices, gas shortages, etc. and I remember they were genuinely scared. And my grandparents had survived the great depression, so knew about bad economies.
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TX, USA
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Posted: 4/26/2024 10:33:03 AM EDT
[Last Edit: WoolRug]
[#17]
Quote HistoryQuote HistoryOriginally Posted By Frank_B: Originally Posted By Ronnoc: The important question is where to move your money to? Bonds, treasuries, leave it in the market? This worked for me My wife and I retired at 58. If the stock market collapses do you still retire at 58? If your wife divorces you do you still retire at 58? |
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Posted: 4/26/2024 10:35:51 AM EDT
[#18]
no shit...who in their right mind would have thought handing out direct payments to citizens, making everyone not work was going to be a great idea. You basically made the demand curve go parabolic and smashed the supply curve.
I swear we have some of the most fucking stupid people running this country. |
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Posted: 4/26/2024 10:38:27 AM EDT
[#19]
Quote HistoryOriginally Posted By Waldo: Yeah. I lived it. I remember CD interest rates were 18%!!, but no money to invest!s!!!! |
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Posted: 4/26/2024 10:39:44 AM EDT
[Last Edit: Frank_B]
[#20]
Quote HistoryOriginally Posted By WoolRug: If the stock market collapses do you still retire at 58? If your wife divorces you do you still retire at 58? My first wife and I divorced. We used it's guidelines to settle up. My second wife and I were together for 37 year before she passed away. It's been very helpful in administering her estate Times like these are when it's most useful. It's strategies change with the economic environment. In fact, it's original title was "Changing Times", back during the post-WW2 years. |
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Posted: 4/26/2024 10:40:29 AM EDT
[#21]
Quote HistoryOriginally Posted By eolian: Rampant inflation in food and bills causes people to cut back on expendable enjoyments. There was a grocery store food price increase just last week. OM baloney was 2 packs for $5 now $6. Lunchables $3 to $3.18 are just two examples. My small town independent store wanted $6.95 for 10 pounds of spuds!! |
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TX, USA
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Posted: 4/26/2024 10:41:17 AM EDT
[#22]
Everyone but the Feds and current Administration saw this coming.
They've tried like hell to manipulate all the numbers to make themselves and everything around them look good. Nothing more. Transitory!
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Posted: 4/26/2024 10:42:44 AM EDT
[#23]
Quote HistoryOriginally Posted By fisherman: +1 and it sucked Will it arrive before the election? Doubtful. Quote HistoryOriginally Posted By fisherman: Originally Posted By Waldo: Yeah. I lived it. +1 and it sucked Will it arrive before the election? Doubtful. Will leftists care? Nope. They will still vote for FJB. |
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Posted: 4/26/2024 10:46:32 AM EDT
[#24]
My stonks...
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Posted: 4/26/2024 10:47:21 AM EDT
[Last Edit: Frank_B]
[#25]
Quote HistoryOriginally Posted By ARandomClaymore: Everyone but the Feds and current Administration saw this coming... They're making it happen, so they can use it to their advantage. |
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Posted: 4/26/2024 10:48:19 AM EDT
[#26]
In my economics classes we were taught that a "healthy" economy is one where the sum of the prime rate and the inflation rate was below 7. Nowhere close to that now.
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Posted: 4/26/2024 10:48:21 AM EDT
[#27]
Quote HistoryOriginally Posted By jvm: My small town independent store wanted $6.95 for 10 pounds of spuds!! Quote HistoryOriginally Posted By jvm: Originally Posted By eolian: Rampant inflation in food and bills causes people to cut back on expendable enjoyments. There was a grocery store food price increase just last week. OM baloney was 2 packs for $5 now $6. Lunchables $3 to $3.18 are just two examples. My small town independent store wanted $6.95 for 10 pounds of spuds!! I don't know why you guys are worried about food prices. If that stuff was so important, it'd be included in the official inflation numbers. It's not like you need food to continue being alive or anything. |
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GA, USA
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Posted: 4/26/2024 10:48:51 AM EDT
[#28]
Quote HistoryOriginally Posted By Frank_B: Stagflation and the Misery Index. Who will be the next Ronald Reagan? He’s already a young popular governor of a large state and has tried to make inroads to presidential politics, so… 
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Posted: 4/26/2024 10:48:52 AM EDT
[#29]
Quote HistoryOriginally Posted By Waldo: Yeah. I lived it. Ditto. |
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OR, USA
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Posted: 4/26/2024 10:49:26 AM EDT
[#30]
Quote HistoryOriginally Posted By Frank_B: Stagflation and the Misery Index. Who will be the next Ronald Reagan? A family friend wrote a book on the subject 40 years ago. It’s dry to say the least “Stagflation, the penalty of speculative production in a multistage economy” |
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Posted: 4/26/2024 10:51:21 AM EDT
[#31]
Quote HistoryOriginally Posted By Frank_B: Stagflation and the Misery Index. Who will be the next Ronald Reagan? |
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NH, USA
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Posted: 4/26/2024 10:51:36 AM EDT
[#32]
Bidenomics, under Trump you gas tank held $35 of gas. Today under Biden that same tank holds $100 of gas. See how much better off you are.
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Posted: 4/26/2024 10:53:21 AM EDT
[#33]
Quote HistoryOriginally Posted By eolian: Rampant inflation in food and bills causes people to cut back on expendable enjoyments. There was a grocery store food price increase just last week. OM baloney was 2 packs for $5 now $6. Lunchables $3 to $3.18 are just two examples. $5 up to $6 doesn't seem like a lot, it's just a dollar. But percentage wise, holy fuck. 20% jump. Shits out of control and it's not being properly reflected in these "Oh no inflation is 2.8% not 2.7% like we thought" garbage reports. |
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GA, USA
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Posted: 4/26/2024 10:54:16 AM EDT
[#34]
Quote HistoryOriginally Posted By DragoMuseveni: Trump. Gonna be hard to be the next Reagan from a jail cell |
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Posted: 4/26/2024 10:55:14 AM EDT
[#35]
Quote HistoryOriginally Posted By uncle_big_green: Thank Congress, the last president and the current president for encouraging shutting down the economy for over a year, spending, spending and continuing spending ($ printing). The money printing went into high gear with QE1 and has only increased since. It took longer to come home to roost than I think people originally guessed it would, but here we are. |
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Posted: 4/26/2024 10:58:10 AM EDT
[#36]
Quote HistoryOriginally Posted By Kubota3430: I was a kid in the 70's, luckily my dad never lost his job. |
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Posted: 4/26/2024 10:59:13 AM EDT
[#37]
Quote HistoryOriginally Posted By Frank_B: Stagflation and the Misery Index. Who will be the next Ronald Reagan? This country doesn't have the collective intestinal fortitude to do what's necessary to get the ecnonomy back on track. Reagan and Volcker were hammered for what was done in '81 and '82. The results of that pain weren't realized until later in Reagan's first term. In 1983, inflation was 3%. Not sure if that's possible nowadays. With the debt well approaching 1.5x GDP, and debt servicing payments eating a larger piece of the budget, the necessary interest rate increases needed to tame inflation will make the debt servicing payments unreasonably high. Kind of a catch 22. Deep cuts are needed in government services, which will allow for larger debt servicing payments without taking on more debt, but no politician has the stomach for cutting $3 trillion out of the budget. |
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Posted: 4/26/2024 11:00:07 AM EDT
[#38]
Quote HistoryOriginally Posted By Chisum: OP is way off base. Gloom and Doom is like a social disease if you ignore the facts. Yes, the economy has slowed a fraction but is still positive. No other 1st World country is doing as well. The inflation rate was expected to rise but was below what was forecast. All in all, we are doing better despite Biden's assault on the economy. Try to keep up OP. https://www.reuters.com/markets/us/us-economic-growth-slows-more-than-expected-first-quarter-2024-04-25/ "Typically, Federal Reserve decision-making puts more weight on core inflation, which strips out volatile food and energy prices. The core PCE price index rose 0.3% in March, not as bad as feared following the quarterly data. Markets feared that the core 12-month inflation rate would rise for the first time since late 2022, but that didn't happen, as core inflation held at 2.8%. On an unrounded basis, the 12-month core PCE inflation rate dipped to 2.82% from 2.84% in February and 2.93% in January. Over the past six months, though, core PCE inflation has been running at a 3% annual rate, unchanged from February. The 3-month annualized rate jumped to 4.4% from 3.7% in February and 3% in January. One reason that March data wasn't as bad as feared: The hot quarterly data partly reflected an upward revision prior data. In January, core PCE prices rose 0.5%, up from 0.45% previously. While not great, as long as inflation moderates from here, the Fed may be assuaged that January's outsized gain was a one-time catch-up, based on past wage and cost growth, as companies update prices to start the year." https://www.investors.com/news/economy/federal-reserve-inflation-rate-core-pce-march-rate-cuts-sp-500/ Stagflation is not here and may not even happen but it could. A lot of doomer crystal ball readers are often wrong. If you are worried about stagflation, ditch the bonds and buy stocks. Now is a good time as GDP will continue to grow. Inflation was reported as higher than expected at 2.8% rather than 2.7%. I guess food going up 20% overnight doesn't really count huh? Who you gonna believe op, this guy or your lying eyes? |
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CA, USA
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Posted: 4/26/2024 11:00:59 AM EDT
[#39]
Much of this BS in the economy is due to government policy. In Calif, Newsom mismanaged Calif's economy, yet the voters reelect him to office, and also return to office various politicians, so the voters brought this on themselves, there is no one else to blame.
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TX, USA
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Posted: 4/26/2024 11:00:59 AM EDT
[#40]
Quote HistoryOriginally Posted By midcap: no shit...who in their right mind would have thought handing out direct payments to citizens, making everyone not work was going to be a great idea. You basically made the demand curve go parabolic and smashed the supply curve. I swear we have some of the most fucking stupid people running this country. |
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Posted: 4/26/2024 11:01:34 AM EDT
[#41]
Quote HistoryOriginally Posted By DragoMuseveni: Trump. Quote HistoryOriginally Posted By DragoMuseveni: Originally Posted By Frank_B: Stagflation and the Misery Index. Who will be the next Ronald Reagan? |
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TX, USA
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Posted: 4/26/2024 11:02:10 AM EDT
[#42]
some nice, long term DEFLATION would be nice right about now
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USA
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Posted: 4/26/2024 11:04:29 AM EDT
[#43]
Quote HistoryOriginally Posted By vxtip545: If you thought 80 million votes was impressive, just wait to see hospice-Joe top 250 million in November. Ya know, after they finish counting a week later, and collect all the mail in votes, which happen to be 99% Joe votes. Then he's in a for a little bit before...oops medical issue and kamala takes over |
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Posted: 4/26/2024 11:04:44 AM EDT
[#44]
Quote HistoryOriginally Posted By 1975: Even so, the media won’t blame Biden for it. |
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Posted: 4/26/2024 11:07:33 AM EDT
[#45]
Quote HistoryOriginally Posted By Slufstuff: The Carter economy was scary. I remember my parents and grandparents talking about the insane interest rates, rising prices, gas shortages, etc. and I remember they were genuinely scared. And my grandparents had survived the great depression, so knew about bad economies. I lived through the Carter years. Carter was a clueless idealist who surrounded himself with greedy power brokers to manipulate him. Biden is a socialist schemer, doing economic destruction deliberately. However, the US economy is too huge and mobile for him to single-handedly gut. Some entitlements may be a drain on the economy in some areas but the war in Ukraine and Israel and threatening Taiwan is the counterbalance. The Military Industrial Complex has proven inadequate for war and expanding rapidly. Foreign orders are going up while Russian and Chinese orders are at an all-time low. It pays to make good weapons that really work. Just what we need. The tradeoff is Putin and China can't afford to counter it without gutting their economies. China's global navy runs on oil and they don't have enough to sustain ships at sea long term. They also don't have the knowledge and skill to sustain them. The war in Ukraine will bankrupt Russia. They are being forced to use pay-as-you-go mercenaries in Africa. Putin doesn't have much to pay them and it is getting less every day. The good old days of creating chaos are grinding to a halt are rapidly closing. A large part of Russia is flooding and they can't even send aid to the people. Corruption built weak dams and levies that are being washed away along with roads and bridges. In a war, you can't afford to have your infrastructure floating downriver. He can't rebuild it when all his resources are going to the war effort. You can buy a car but it can be months before they send you the engine or brakes. We have to keep the pressure up. |
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Posted: 4/26/2024 11:08:42 AM EDT
[#46]
Quote HistoryOriginally Posted By Frank_B: Stagflation and the Misery Index. Who will be the next Ronald Reagan? no one is coming to save us |
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FL, USA
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Posted: 4/26/2024 11:10:16 AM EDT
[Last Edit: guns762]
[#47]
[Deleted]
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WA, USA
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Posted: 4/26/2024 11:14:38 AM EDT
[#48]
Quote HistoryOriginally Posted By jvm: My small town independent store wanted $6.95 for 10 pounds of spuds!! potatoes are easy to grow, just hard to store for more than 6 months. |
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KY, USA
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Posted: 4/26/2024 11:15:02 AM EDT
[#49]
Quote HistoryOriginally Posted By DragoMuseveni: Trump. Quote HistoryOriginally Posted By DragoMuseveni: Originally Posted By Frank_B: Stagflation and the Misery Index. Who will be the next Ronald Reagan? And yet Trump sounded like a little bitch when the Fed started raising rates. Paul Volker jacking up the rates was what saved the economy from zooming inflation. 34 Trillion in debt now will probably make that move impossible. |
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USA
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Posted: 4/26/2024 11:17:25 AM EDT
[#50]
Quote HistoryOriginally Posted By DragoMuseveni: Trump.  GD where the jokes write themselves. |
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