Dow 40,000

[Stann]

Wage increases don't cause inflation.

If anything it's the reverse. They are definitely linked. Wages were flat for far to long plus there was little inflation. Time to move on.

 

[Fort Fun Indiana]

If anything it's the reverse. They are definitely linked. Wages were flat for far to long plus there was little inflation. Time to move on.

Ding ding ding

The huge gap in wages and wealth, however, absolutely does cause inflation.

 

[AntonToo]

Wage increases don't cause inflation.

Well sure they do (someone has to pay that wage).

Though REAL wage growth would still be up, because caused inflation is a fraction of that wage growth.

 

[Stann]

Ding ding ding

The huge gap in wages and wealth, however, absolutely does cause inflation.

COVID really threw us for a loop and I believe it's still going to bite us in the ass again. It's still there , circulating around. It can easily morph into a very transmissible lethal strain. Perhaps that's exactly what this world needs , a few billion less people might give the earth a fighting chance to get back to normal. Got to look at the plus side , otherwise it's all bad news.

 

[sealybobo]

Holy shit, 3.5 years of solid economic growth (including last Q and forecast for this Q) and NOW you decide to admit that Biden is causing it?

And it isn't like we lost jobs in July. We just didn't add as many as Biden projected.

I'm in sales. This would be like crushing it month after month for over 3 years and then one bad month and your boss fires you for it.

 

[AntonToo]

And it isn't like we lost jobs in July. We just didn't add as many as Biden projected.

I'm in sales. This would be like crushing it month after month for over 3 years and then one bad month and your boss fires you for it.

It's weirder than that - this one is your boss firing you because you had too many job applicants show up.

GDP is growing. Jobs are growing. Consumer spending is growing. Initial unemployment claims low.

We just have a panic because a dumb auto-trigger alarm was tripped by sudden increase of people looking for work, which bumped up unemployment %.

 

[sealybobo]

It's weirder than that - this one is your boss firing you because you had too many job applicants show up.

GDP is growing. Jobs are growing. Consumer spending is growing. Initial unemployment claims low.

We just have a panic because a dumb auto-trigger alarm was tripped by sudden increase of people looking for work, which bumped up unemployment %.

Sure does seem made up. Things are humming along, 3 months before the election, we only add 120,000 jobs instead of 180,000 that the administration projected and SUDDENLY the dow takes a dump? Not buying it.

This is the DEEP STATE at work. Trying to help Trump win.

 

[Stann]

It's weirder than that - this one is your boss firing you because you had too many job applicants show up.

GDP is growing. Jobs are growing. Consumer spending is growing. Initial unemployment claims low.

We just have a panic because a dumb auto-trigger alarm was tripped by sudden increase of people looking for work, which bumped up unemployment %.

I don't know if this is significant but I noticed my neighbor had a garage sale this past weekend. In the past I used to see tons of people visit those things. Few people came , he was left putting most of the stuff back in his garage and threw some out with the trash. I think Eric and aren't buying as much anymore because they already have too much junk and that 's why the economy here is slowing down. Maybe it's true all around the world. Too much junk from.China. Does that make sense ?

 

[Stann]

Sure does seem made up. Things are humming along, 3 months before the election, we only add 120,000 jobs instead of 180,000 that the administration projected and SUDDENLY the dow takes a dump? Not buying it.

This is the DEEP STATE at work. Trying to help Trump win.

The same deep state trump complained about ? That's ba twist.

 

[sealybobo]

The same deep state trump complained about ? That's ba twist.

Republican hypocrisy knows no limits. Last week they accused us of not knowing what a woman or man was. This week it's them suggesting that a person with a vagina isn't a woman.

 

[BackAgain]

For Trump's 19,000 DJIA? Better check that.

No, you dipstick. For it getting that low again during his next Administration.
Your faux comparison is of course ridiculous.

Trump also set a record for the most single day drop records, as I recall.

Nobody cares what you pretend to recall.

Do you remember “Covid?”

 

[AntonToo]

I don't know if this is significant but I noticed my neighbor had a garage sale this past weekend. In the past I used to see tons of people visit those things. Few people came , he was left putting most of the stuff back in his garage and threw some out with the trash. I think Eric and aren't buying as much anymore because they already have too much junk and that 's why the economy here is slowing down. Maybe it's true all around the world. Too much junk from.China. Does that make sense ?

I don't pay attention to annecdotes like that. Lots of reasons for people not showing up depending on time of the year - weather, vacations etc.

 

[Stann]

I don't pay attention to annecdotes like that. Lots of reasons for people not showing up depending on time of the year - weather, vacations etc.

I stopped buying most things 5 years ago. I simply told myself I don't need any more stuff. Went to Walmart the other day to buy groceries ( those I need ). Again few people and gigantic TV's for sale cheap. No rush to buy them. How many TV's does one household need ? I believe the market is overstocked on a lot of stuff.

 

[AntonToo]

I stopped buying most things 5 years ago. I simply told myself I don't need any more stuff. Went to Walmart the other day to buy groceries ( those I need ). Again few people and gigantic TV's for sale cheap. No rush to buy them. How many TV's does one household need ? I believe the market is overstocked on a lot of stuff.

Need only one TV - high end OLED like LG C/G FTW

 

[Fort Fun Indiana]

It can easily morph into a very transmissible lethal strain.

That's not quite the scare you think it is.

Dead people don't spread covid.

Viruses morph into deadly forms all the time. Usually we don't know it was a mutated virus that caused death, and usually it doesn't lead to epidemic. Because the hosts die.

But I get your point.

 

[Stann]

That's not quite the scare you think it is.

Dead people don't spread covid.

Viruses morph into deadly forms all the time. Usually we don't know it was a mutated virus that caused death, and usually it doesn't lead to epidemic. Because the hosts die.

But I get your point.

It's out there , so the possibility exists. And it seems no one is monitoring it anymore. It could catch US off guard again.

 

[Winco]

Do you remember “Covid?”

Yup, it's what lowered GAS PRICES in 2020, but do you wish to supply the trump policy that lowered GAS PRICES in 2020?

Hint......GAS PRICES were lower under trump because of ................COVID.
Yes ma'am.

 

[candycorn]

Well its and election year. The blob got shot and had a convention and actually lost ground in many polls.

So any bad news that hurts Americans is like gold to the morons who support the blob.

 

[Stann]

View attachment 991397

Pathetic , almost a martyr, almost a saint - these people are nuts. If there is a hell trump definitely belongs in it.