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Posted: 5/12/2023 10:47:13 PM EDT
[#1]
Quote HistoryQuoted: Ahem, that would be a chairwoman... Quote HistoryQuoted: Quoted: Well, he just hired a WEF chairman to be the new Twitter ceo so there's that. https://pbs.twimg.com/media/Fv7kmyxWAAEtSYk?format=jpg&name=medium https://pbs.twimg.com/media/Fv7i15faAAA924Y?format=jpg&name=medium Ahem, that would be a chairwoman... ChairThey |
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Posted: 5/12/2023 10:47:29 PM EDT
[#2]
We knew that when the meat puppet got installed……
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Posted: 5/12/2023 11:03:36 PM EDT
[#3]
Quote HistoryQuoted: Yeah but California as a state is running off business. My former employer was based in California for over 30 years. Then moved the headquarters to Florida. It is still in Florida Newsom is so bad that he drove out the "greenest" company in the world - Tesla. How's that for an awesome resume? |
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Posted: 5/12/2023 11:12:05 PM EDT
[#4]
Quote HistoryQuoted: The buildup in military spending that occurred during the Reagan admin came after the runaway inflation of the late 70s and early 80s had stopped. Not vice versa as you state. You should take some of your own advice about books. Stopped? LOL you. My first mortgage, in 1983, was 12%. It was still 9% in about 1987, when I refied. 9%. Well into Reagan's second term. which began in Jan. 1985. Here's Reagan's record on the military buildup: Reagan sharply accelerated the massive military buildup started by the Carter administration in response to the Soviet intervention in Afghanistan.[62] This buildup, a 40% real increase in defense spending,[63] included the revival of the B-1 bomber program, which had been cancelled by the Carter administration;[64] the deployment of Pershing II missiles in West Germany; the increased enlistment of thousands of troops; and a more advanced intelligence system.[64] https://en.wikipedia.org/wiki/Domestic_policy_of_the_Ronald_Reagan_administration You have no clue. None. I lived it. I was a grown-ass man at the time. With a mortgage and a family. What were you doing at the time? Books. Get one. Read one. |
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Posted: 5/12/2023 11:16:08 PM EDT
[#5]
Quote HistoryQuoted: Reagan spent a lot on the military and broke up the Soviet Union. Reagan's tax cuts also greatly increased federal tax receipts. I will have to look at the US debt as a function of time but I doubt that Reagan caused anything like happened with Obama, Trump and the flawed COVID spending and now with that senile asswipe in the White House. Reagan was a great president. I voted for him.....twice. Me too. Twice. It wasn't my first POTUS election, either. I still worship the Holy Trinity - Ronald Reagan, Margaret Thatcher, and Pope John Paul. Without them, the world would look a lot different than it does. I bet half of GD has no clue what they did. This thread is a strong indicator of that. |
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Posted: 5/12/2023 11:18:44 PM EDT
[#6]
Quote HistoryQuoted: And was your house $400K at 12% interest. Absolute shit holes are listed at $200K now. Housing prices still haven't come down to reflect the current interest rates. I have no idea how people today afford it. No. It was closer to $100k. And we struggled to make the payment. On two good incomes. Then we refied about 4 years later, at 9% (!!!), and we thought we had died and gone to Heaven! But to your point, it's as tough to be a first timer now as it was then. |
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Posted: 5/12/2023 11:39:31 PM EDT
[#7]
Quote HistoryQuoted: You are funny. Quote HistoryQuoted: Quoted: I heard it's going to be like 2008 times 1.007470119521912.  You are funny. I am slow, at the end of the day and its going about like this..... 
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Posted: 5/12/2023 11:45:56 PM EDT
[#8]
Quote HistoryQuoted: No. It was closer to $100k. And we struggled to make the payment. On two good incomes. Then we refied about 4 years later, at 9% (!!!), and we thought we had died and gone to Heaven! But to your point, it's as tough to be a first timer now as it was then. Quote HistoryQuoted: Quoted: And was your house $400K at 12% interest. Absolute shit holes are listed at $200K now. Housing prices still haven't come down to reflect the current interest rates. I have no idea how people today afford it. No. It was closer to $100k. And we struggled to make the payment. On two good incomes. Then we refied about 4 years later, at 9% (!!!), and we thought we had died and gone to Heaven! But to your point, it's as tough to be a first timer now as it was then.  |
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Posted: 5/13/2023 12:19:37 AM EDT
[#9]
Quote HistoryQuoted: Quite intriguing that he says that about the WEF and hires one of its minions (and a vocal woke advocate) as the twitter CEO, isn't it? Could be some sort of deal with the Feds/Biden Administration. |
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Posted: 5/13/2023 12:25:39 AM EDT
[#10]
Quote HistoryQuoted: He did. And it breathed some life into a tanking economy due to covid. Printing has a price, but it can have a positive effect, too. Look at the mortgage-backed securities debacle in 2008-09. The Fed printed then, too. Should they not have? This isn't an excuse for excess printing, but the Fed has one blunt-force object to achieve its goals of keeping inflation in check and the economy growing with minimal unemployment - printing/not printing. That's all they have. You always neglect my point of the War on Energy and its effects on inflation. One must wonder why you do that. You see, affordable energy is the most important factor in a modern economy. When Brandon declared war on energy, it was a signal that inflation was going to surge no matter the cost to Americans. And he followed through on his promise. And inflation surged as a result. And the Fed responded the only way they could - by raising rates and restricting money supply. How about you address that point? You must not know anyone in the trucking industry. Ask them what their biggest cost is. Ask them when the spike occurred. Go ahead, we'll wait. Quote HistoryQuoted: Quoted: And Trump totally didn’t sign the CARES Act. He did. And it breathed some life into a tanking economy due to covid. Printing has a price, but it can have a positive effect, too. Look at the mortgage-backed securities debacle in 2008-09. The Fed printed then, too. Should they not have? This isn't an excuse for excess printing, but the Fed has one blunt-force object to achieve its goals of keeping inflation in check and the economy growing with minimal unemployment - printing/not printing. That's all they have. You always neglect my point of the War on Energy and its effects on inflation. One must wonder why you do that. You see, affordable energy is the most important factor in a modern economy. When Brandon declared war on energy, it was a signal that inflation was going to surge no matter the cost to Americans. And he followed through on his promise. And inflation surged as a result. And the Fed responded the only way they could - by raising rates and restricting money supply. How about you address that point? You must not know anyone in the trucking industry. Ask them what their biggest cost is. Ask them when the spike occurred. Go ahead, we'll wait. Trump spent like a drunken sailor and COVID policies led directly to inflation. Then Biden made it worse. Trump was great in some ways, but he was no fiscal conservative. |
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Posted: 5/13/2023 12:36:07 AM EDT
[#11]
Quote HistoryQuoted: Stopped? LOL you. My first mortgage, in 1983, was 12%. It was still 9% in about 1987, when I refied. 9%. Well into Reagan's second term. which began in Jan. 1985. Here's Reagan's record on the military buildup: Reagan sharply accelerated the massive military buildup started by the Carter administration in response to the Soviet intervention in Afghanistan.[62] This buildup, a 40% real increase in defense spending,[63] included the revival of the B-1 bomber program, which had been cancelled by the Carter administration;[64] the deployment of Pershing II missiles in West Germany; the increased enlistment of thousands of troops; and a more advanced intelligence system.[64] https://en.wikipedia.org/wiki/Domestic_policy_of_the_Ronald_Reagan_administration You have no clue. None. I lived it. I was a grown-ass man at the time. With a mortgage and a family. What were you doing at the time? Books. Get one. Read one. I get it. This is one of those “my lived experience” things where facts are subordinated to a subjective “my truth” standard. Inflation in the 80s, under Reagan, was negatively correlated to military spending. Being a grown ass man at the time doesn’t change this fact. Remembering what interest rate you had on a home mortgage isn’t the same as inflation. Also, presidents don’t have a high degree of influence over monetary/fiscal policy, the purse is controlled by congress and monetary action the federal reserve. Democrats controlled congress the entire eight years of Reagan’s presidency. He fought some tough budget battles and even “won” a few. |
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Posted: 5/13/2023 1:36:24 AM EDT
[#12]
I'm looking to buy a house. What are the pros and cons at this time?
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Posted: 5/13/2023 2:22:52 AM EDT
[#13]
Quote HistoryQuoted: Logistics companies (first to know) have been seeing it for a while. Ayep. Granted its airline world stuff but FedEx is cutting pretty big right now and "right sizing". That is never a good sign. If it weren't for demand still being pent up from COVID, I fear the airline industry would have the outlook for the year that they do now. Next year will be quite interesting. |
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Posted: 5/13/2023 2:31:24 AM EDT
[#14]
Rail frieght dropped considerably 3rd quarter last year, or peak season (the busiest time of rear for the rr). In the last few weeks it has picked up about 25%... because fewer loads are going otr.
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Posted: 5/13/2023 2:34:26 AM EDT
[#15]
So are we still in a supply chain crisis?
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Posted: 5/13/2023 2:42:52 AM EDT
[#16]
I think it depends on the industry, certain components. Retail seems to be drowning in inventory.
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Posted: 5/13/2023 2:46:34 AM EDT
[#17]
Quote HistoryQuoted: Well, he just hired a WEF chairman to be the new Twitter ceo so there's that. https://pbs.twimg.com/media/Fv7kmyxWAAEtSYk?format=jpg&name=medium https://pbs.twimg.com/media/Fv7i15faAAA924Y?format=jpg&name=medium Im mainlining adrenochrome and going long on qtardspiracies. |
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Posted: 5/13/2023 2:50:29 AM EDT
[#18]
Quote HistoryQuoted: Trump spent like a drunken sailor and COVID policies led directly to inflation. Then Biden made it worse. Trump was great in some ways, but he was no fiscal conservative. Quote HistoryQuoted: Quoted: Quoted: And Trump totally didn't sign the CARES Act. He did. And it breathed some life into a tanking economy due to covid. Printing has a price, but it can have a positive effect, too. Look at the mortgage-backed securities debacle in 2008-09. The Fed printed then, too. Should they not have? This isn't an excuse for excess printing, but the Fed has one blunt-force object to achieve its goals of keeping inflation in check and the economy growing with minimal unemployment - printing/not printing. That's all they have. You always neglect my point of the War on Energy and its effects on inflation. One must wonder why you do that. You see, affordable energy is the most important factor in a modern economy. When Brandon declared war on energy, it was a signal that inflation was going to surge no matter the cost to Americans. And he followed through on his promise. And inflation surged as a result. And the Fed responded the only way they could - by raising rates and restricting money supply. How about you address that point? You must not know anyone in the trucking industry. Ask them what their biggest cost is. Ask them when the spike occurred. Go ahead, we'll wait. He can h Trump spent like a drunken sailor and COVID policies led directly to inflation. Then Biden made it worse. Trump was great in some ways, but he was no fiscal conservative. Ive never seen a guy be so consistent in his bad takes as that guy lol. |
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Posted: 5/13/2023 7:33:46 AM EDT
[#19]
Quote HistoryQuoted: Me too. Twice. It wasn't my first POTUS election, either. I still worship the Holy Trinity - Ronald Reagan, Margaret Thatcher, and Pope John Paul. Without them, the world would look a lot different than it does. I bet half of GD has no clue what they did. This thread is a strong indicator of that. Quote HistoryQuoted: Quoted: Reagan spent a lot on the military and broke up the Soviet Union. Reagan's tax cuts also greatly increased federal tax receipts. I will have to look at the US debt as a function of time but I doubt that Reagan caused anything like happened with Obama, Trump and the flawed COVID spending and now with that senile asswipe in the White House. Reagan was a great president. I voted for him.....twice. Me too. Twice. It wasn't my first POTUS election, either. I still worship the Holy Trinity - Ronald Reagan, Margaret Thatcher, and Pope John Paul. Without them, the world would look a lot different than it does. I bet half of GD has no clue what they did. This thread is a strong indicator of that. |
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