User Panel
I am Government Man, come from the government.
PA, USA
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Every major player watered down their currencies as much or more than the US did during the pandemic panic.
Status quo maintained and we keep rolling. Economic Three Stooges Syndrome? |
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How much do you need to make to feel immune to inflation, or unconcerned about your business?
Going to guess 90% don't make that amount. How do you feel about 90% turned homeless? |
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The threat is real...
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few have perspective.
i once had cds making 18 percent. i had relatives buy their first homes and get 13 percent mortgages. i worked as a stock boy in a drugstore when during federal imposed wage and price freezes. you were literally not allowed to increase prices beyond some small amount. i saw gold go from 135 an ounce to 800 and never come back for 20+ years. you'd go to gun shows in the 70s and the rage was guns to stop mob attacks, gold bullion and junk silver coins. whats old is new. |
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I don't see how it can keep growing when people can barely afford to live and scrape by with the bare necessities.
It simply isn't sustainable - both for people and for the government to keep printing money out of thin air with zero consequences - something has to break eventually. |
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Tax this dick. - Ben Franklin (probably)
SPC James 'Jimmy' Waters - D Co 1-32 3BCT 10th Mountain, KIA Sartak AFG 2011 SGT Shawn M Farrell II - A Co 1-32 3BCT 10th Mountain, KIA Nejrab AFG 2014 |
The threat is real...
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The gay people in the middle east also subscribed to the no landings idea. At least until the Jihadists threw them off a building. Same thing is happening to the economy and for the same reason.
The people in the mid to late 1920's thought the same thing as I see people here...the ride will never end. Unfortunately, it did and a lot of people got smashed. Go ahead and call me a doomer or whatever. It's going to be your ass and your familys ass. Let's see you be the man of the house when this all goes down. |
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you can do anything with fiat currency. whoever or whatever is controlling fiat controls everything.
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It’s doing so well car dealers are starting to full up with inventory and realtors are going to the unemployment line.
Americans are struggling. I don’t care what the market or some propped up numbers tell you. People can’t afford groceries and the debt the dumbasses accumulated over the last few years is crushing them. 7.5% interest on a home was not a huge deal in the past. But houses weren’t half a million dollars either. You can’t even compare it. Not one bit. |
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Doesn't matter if it's a boom, markets and labor force is going gang busters. We gotta pretend the economy sucks and there are bread lines in order to score points for Team Trump.
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Originally Posted By Krauss: 7.5% interest on a home was not a huge deal in the past. But houses weren't half a million dollars either. You can't even compare it. Not one bit. View Quote Supply and demand issue. There is not nearly enough housing to meet demand. Who are the folks who've been dead set against infrastructure projects, again? The do nothing Congress that would rather crush the middle class than given Biden a "win". |
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Winner of Most FPNI 2018, 2022, 2023
KS, USA
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Originally Posted By ArmyInfantryVet: Supply and demand issue. There is not nearly enough housing to meet demand. Who are the folks who've been dead set against infrastructure projects, again? The do nothing Congress that would rather crush the middle class than given Biden a "win". View Quote What happened to that trillion or so that was in the last infrastructure bill? |
Make Occam's Razor Great Again
It's not about if you win or lose. It's about how many rules they have to add afterwards. |
Originally Posted By KILLERB6: 3 or 4% inflation (Fed target is 2.5%ish) really isn’t that bad, especially in historical terms. Inflation, as long as it is reasonable, which 3% is, is the cost of doing business: the fact that wages continue to outpace inflation means people have the $ to push inflation even higher (via demand). View Quote Yep, at 4% inflation, only half of your money disappears in ten years, so it really isn't that bad. Wait a minute... |
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Originally Posted By CoconutLaCroix: If economies can defy gravity, and we can run multi-trillion dollar annual budget deficits with no negative long term economic consequences, can we just admit that Bernie Sanders and Joe Biden were right? That massive govt spending is the answer and that deficits don't matter? It's time to drop the stupid fiscally conservative facade. Balanced budgets and living within your means is all bullshit. Republicans should just focus on protecting gun rights and gender norms, fuck economics and all that other irrelevant shit. Give the people the stimulus and UBI that they want and deserve. There's literally no point in being fiscally conservative. Print, borrow, spend and watch the economy roar! Run bull run! View Quote The problem with your economic theory is its first principle. |
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Originally Posted By joemama74: See, you and I aren't in the same tax bracket. View Quote View All Quotes View All Quotes Originally Posted By joemama74: Originally Posted By RIP-Yataski: Thats why you put it in the market, silly... See, you and I aren't in the same tax bracket. Perhaps not, nor do I know what I'm talking about... |
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The threat is real...
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Originally Posted By BillofRights: This will sound like a typical arfbrag, but it’s actually kinda profound: The trick is to Get Both. Have enough savings that you can keep enough “Safe” money earning 5%, and invest the rest in the Casino, because if it gets cut in half, it won’t materially affect your life. We all Know the Greenspan put will continue forever. That’s what we’re all counting on, and it’s counterproductive to plan otherwise. So, you wager 80% on that, and keep back maybe ~20% for JIC. View Quote But your safe money was earning 0% nominal and -3% real (after inflation) for ten years. |
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Originally Posted By Notcalifornialegal: Damn. That was an expensive mistake. View Quote View All Quotes View All Quotes Originally Posted By Notcalifornialegal: Originally Posted By Whiskeyballzzz: I got out of the market completely in Oct. '22 so IJDGAF at this point. But, I suspect nothing gloomy will happen until after the election. Damn. That was an expensive mistake. You don't measure long term gains from lows to highs, but from lows to lows. We won't know if it is a mistake or not until the next bear market is over. |
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Originally Posted By Notcalifornialegal: What happened to that trillion or so that was in the last infrastructure bill? View Quote View All Quotes View All Quotes Originally Posted By Notcalifornialegal: Originally Posted By ArmyInfantryVet: Supply and demand issue. There is not nearly enough housing to meet demand. Who are the folks who've been dead set against infrastructure projects, again? The do nothing Congress that would rather crush the middle class than given Biden a "win". What happened to that trillion or so that was in the last infrastructure bill? That was an energy bill, mixed with Healthcare and tax revenue increases. Trump talked about an actual infrastructure bill for 4 years. He did fuck all. His delicate ego even had him cancel talks and works on an infrastructure bill when Democrats said mean things about him. |
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Originally Posted By ArmyInfantryVet: Doesn't matter if it's a boom, markets and labor force is going gang busters. We gotta pretend the economy sucks and there are bread lines in order to score points for Team Trump. View Quote Market gains were lovely last year and I’m glad (most of us) made our money. But the markets and the economy are not the same thing, though the former tends to be a good indicator of the latter. And “gang busters” labor force? LOLOL You’re even using the cheese-dick MSM verbiage. The jobs reports are bullshit front to back. Not only do they apparently fuck up the seasonal adjustments, but your “gangbusters” job gains are almost constantly being revised DOWNWARDS (sometimes very sharply). Add to that, the actual net new jobs are disproportionately govt jobs and other wishy washy bullshit based on social spending. This does not make for a healthy capitalist economy. The only thing that’s GANG BUSTERS is your TDS and daily post rate |
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Fighting off the student loan demon and importing thousands of cheap labor units daily is the only growth this economy has, and they're fighting like hell to keep both going because if they do, and a Republican gets in, then the Republicans get blamed for ruining the economy for a generation.
Students loan delays keep people in a false sense of spending money, and cheap labor looks like statistical growth. |
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Originally Posted By wookie1562: https://pbs.twimg.com/media/GHSWwzqWcAAfKKD?format=jpg&name=small View Quote Its too bad we never recovered from those other events. |
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A socialist may indeed be academically superior.
And yet, they are most certainly emotionally retarded. Public education is the opiate of the masses. |
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We’ve been Evel Knievel-ing it since Oct 2007.
We sailed past the ramps long ago. |
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I get those who are bagging on the doomer's, and maybe to a mild extend they have it coming, but how in the hell can we now be adding 1 trillion dollars to our national debt every 100 days and think that something cataclysmic isn't going to come of it? It's one thing to build the metaphorical (or real world) dooms day bunker and climb into it before the melt down, but to not build the bunker at all and make fun of someone who is under these circumstance seems rather arrogant...
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Originally Posted By wookie1562: There hasn't even been an event. But there will be. The 10 year/3 month yield inversion is telling us something. Keep your powder dry. View Quote View All Quotes View All Quotes Originally Posted By wookie1562: Originally Posted By AbleArcher: Its too bad we never recovered from those other events. There hasn't even been an event. But there will be. The 10 year/3 month yield inversion is telling us something. Keep your powder dry. I don't doubt there will be a downturn. But when and how bad are you all thinking? By the election and unrecoverable? Or in 5 years and then things are full steam ahead 5 years after that? |
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Originally Posted By KILLERB6: 3 or 4% inflation (Fed target is 2.5%ish) really isn’t that bad, especially in historical terms. Inflation, as long as it is reasonable, which 3% is, is the cost of doing business: the fact that wages continue to outpace inflation means people have the $ to push inflation even higher (via demand). View Quote Where do you get your information? |
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Originally Posted By broken_reticle: Completely plausible. https://upload.wikimedia.org/wikipedia/commons/0/05/Boeing_777-200ER_Malaysia_AL_%28MAS%29_9M-MRO_-_color.jpg View Quote Yup...that airplane had a Camry motor in it. Will land sometime around 2055 or so. |
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Have you wondered why real estate, the market, and pm's are up?, It's because people are desperate to get out of the dollar!
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I thought this was going to be a thread about airlines having passengers parachute out of the plane, or drop some kind of passenger pod out of the plane as the plane flies over the airport.
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Originally Posted By triburst1:
I just assumed it was an FBI or ATF surveillance op. Now I'm worried that it might be site staff. |
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Originally Posted By ToxicMasculinity: Where do you get your information? View Quote View All Quotes View All Quotes Originally Posted By ToxicMasculinity: Originally Posted By KILLERB6: 3 or 4% inflation (Fed target is 2.5%ish) really isn’t that bad, especially in historical terms. Inflation, as long as it is reasonable, which 3% is, is the cost of doing business: the fact that wages continue to outpace inflation means people have the $ to push inflation even higher (via demand). Where do you get your information? From his post? Probably KJP herself |
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Originally Posted By jwnc: You don't measure long term gains from lows to highs, but from lows to lows. We won't know if it is a mistake or not until the next bear market is over. View Quote View All Quotes View All Quotes Originally Posted By jwnc: Originally Posted By Notcalifornialegal: Originally Posted By Whiskeyballzzz: I got out of the market completely in Oct. '22 so IJDGAF at this point. But, I suspect nothing gloomy will happen until after the election. Damn. That was an expensive mistake. You don't measure long term gains from lows to highs, but from lows to lows. We won't know if it is a mistake or not until the next bear market is over. Things change when/if you measure from highs to highs or highs to lows. Lows to highs & lows to lows don't mean much if the former Trumps the latter... ...MAGA |
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The threat is real...
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Yeah no landing indeed......
"The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days." https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html Show me the gdp without deficit spending.. |
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Originally Posted By JTX23: My company is laying people off. I see jobs posted but everything looks fake. Meaning same jobs get posted over and over. I know they could fill them if they wanted to based on the job description being mid level requirements and the pay range being well above top performer pay. Yet the jobs gets posted as if they are just trying to have the job posted. View Quote Tell me they are hiring H1Bs without telling me they are hiring H1bs. |
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Originally Posted By ToxicMasculinity: Where do you get your information? View Quote View All Quotes View All Quotes Originally Posted By ToxicMasculinity: Originally Posted By KILLERB6: 3 or 4% inflation (Fed target is 2.5%ish) really isn’t that bad, especially in historical terms. Inflation, as long as it is reasonable, which 3% is, is the cost of doing business: the fact that wages continue to outpace inflation means people have the $ to push inflation even higher (via demand). Where do you get your information? He’s f of s. Anyone claiming that it’s ok to double prices every 15-24 years is plain wrong, and doubly so when they espouse the idea that wages are keeping up with or exceeding real inflation. It’s like that account has been sold to ShareBlue or some other group of dildos, with the sole intent of forum sliding. |
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Originally Posted By Harlikwin: Tell me they are hiring H1Bs without telling me they are hiring H1bs. View Quote View All Quotes View All Quotes Originally Posted By Harlikwin: Originally Posted By JTX23: My company is laying people off. I see jobs posted but everything looks fake. Meaning same jobs get posted over and over. I know they could fill them if they wanted to based on the job description being mid level requirements and the pay range being well above top performer pay. Yet the jobs gets posted as if they are just trying to have the job posted. Tell me they are hiring H1Bs without telling me they are hiring H1bs. In most cases, they aren’t hiring anyone. |
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Don't you tell me about galaxies! I walk them in the timeline.
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I don't like kaynsian (sp) economics but I will admit it does grow the economy, i would love to sit on my cash and live care free, but inflation demands I invest in something, anything, so I don't lose value.
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I don't know, I seem to manage to keep whizzing away money like always.
No slowing down in our household. |
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Originally Posted By Whiskey1Alpha: We are doing what every stupid failing business does when putting together a business plan; Totally overstating potential revenues / positives Totally understating costs / negatives See, look, everything is great! View Quote View All Quotes View All Quotes Originally Posted By Whiskey1Alpha: Originally Posted By eolian: Powell failed to get ahead of inflation and now he cant lower rates. We are doing what every stupid failing business does when putting together a business plan; Totally overstating potential revenues / positives Totally understating costs / negatives See, look, everything is great! One thing I like about my job, I get to do the inverse. |
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What is written is my opinion, and my opinion only.
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Originally Posted By FALARAK: More and more analysts moving into the camp of "No Landing" as the global economy looks to keep growing. Sorry doomers! https://i.postimg.cc/zG3rw3HH/screenshot-810.jpg View Quote |
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<**Me:**> I just spent 95% of my paycheck on LaRue stuff, within 30 minutes of getting paid. < **mfingar:**> For what it's worth, Dillo Dust is great on Ramen.
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No landing vote here
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Live your life as you would wish to have lived, when you come to die. Confucius
When words lose their meaning, a people can move neither hand nor foot. Confucius |
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