Stocks Plummeting After News of Latest Inflation Increase

[protectionist]

And it’s 30K+

So says the laughingstock leftist media, that leftist DUPES actually believe.

 

[protectionist]

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

Thinking that rent control, rollbacks, and stipends are bad ideas.

 

[protectionist]

He's a commie, a socialist.

You're an ignorant ASS.

 

[protectionist]

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.

You are THAT DUPED that you believe the babbling news media who says we have an 8% or 9% inflation rate ? I guess you dont see food items commonly going from $3 to $6, right ? (100% inflation)

You don't see ordinary 1 bdrm apartments going from $600/mo to $2000/mo (commonly) (200+% inflation)

So just go ahead and listen to the so-called economists, and keep being blind to what's going on all around you.

 

[protectionist]

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.

You are totally lost in the woods. The most important actions Biden has taken in regard to the economy are :

1. Reducing oil & gas production, hating drilling, waging war on the fossil fuel industry, thereby causing very inflated gasoline prices, thereby causing higher costs to companies to ship their products to stores (if they can find it to be economical at all)

2. Saturating cities with hundreds of (if not thousands) of illegal aliens, thereby causing their housing markets to saturate, and rents to skyrocket.

 

[protectionist]

Only 30,000+ lies as president.

HA HA HA. IS there anybody that can actually help these poor souls ?

 

[Cellblock2429]

An opinion piece?


And it’s 30K+

/—-/ Thanks for your opinion.

 

[expat_panama]

The Fed has to do another 75bps next week, even 100, and no doubt there's more on the way.

That's what the consensus is, and imho it's probably valid. My thinking is that the big picture is we're looking at huge masses of people deciding that the rich are evil and must be punished, and that approach leads only to disaster.

 

[gipper]

That's what the consensus is, and imho it's probably valid. My thinking is that the big picture is we're looking at huge masses of people deciding that the rich are evil and must be punished, and that approach leads only to disaster.

Yet the rich are evil. They’ve proven it time and again. By rich I mean the billionaires and those in their inner circle. They have acquired enormous political and economic power.

Don’t be fooled by the illusion of democracy in the U.S.

A country where 3 billionaires are hoarding more wealth than half of the population is NOT democratic.

The U.S. is a capitalist oligarchy where the rich get richer by exploiting workers & depriving people of basic rights.

 

[gipper]

Only 30,000+ lies as president.

Yes, Don is a serial liar just like old Joe. Yet another thing they have in common among many.

Only old Joe has held power in the imperial capital since 1973, so naturally he’s far worse.

 

[expat_panama]

Over 8% poorer than they were last year.

--and according to the Governors of the Fed, the total net worth of the bottom 50% of the U.S. population is about 60% richer than they were a year earlier. You can look here. You did not post a link to your 8% drop.

 

[gipper]

--and according to the Governors of the Fed, the total net worth of the bottom 50% of the U.S. population is about 60% richer than they were a year earlier. You can look here. You did not post a link to your 8% drop.

Yet three billionaires have greater wealth than the bottom 50% of Americans.

What a country!

 

[expat_panama]

Yet the rich are evil. They’ve proven it time and again. By rich I mean the billionaires and those in their inner circle. They have acquired enormous political and economic power.

Don’t be fooled by the illusion of democracy in the U.S.

A country where 3 billionaires are hoarding more wealth than half of the population is NOT democratic.

The U.S. is a capitalist oligarchy where the rich get richer by exploiting workers & depriving people of basic rights.

You're in very good company w/ that belief system, at the same time while beliefs are one thing reality is another. Churchill once said that the only thing wrong w/ socialism is that eventually u run out of other people's money.

Reality bats last.

 

[Toddsterpatriot]

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

Thank goodness.

 

[Toddsterpatriot]

You're an ignorant ASS.

Da, tovarish!

 

[expat_panama]

Yet three billionaires have greater wealth than the bottom 50% of Americans.

What a country!

A lot of folks consider that to be a bad thing, most seem to consider it more important than how much money the poor have. imho I'd have thought that it would be better for the poor to double their wealth even if it made the rich three times as wealthy.

--but that's just how I think I guess...

 

[Toddsterpatriot]

You did not post a link to your 8% drop.

In reference to their money losing value thanks to Bidenflation.

 

[Toddsterpatriot]

Yet three billionaires have greater wealth than the bottom 50% of Americans.

What a country!

A billionaire broke into my house yesterday and he forced me to buy some of his useful goods and services. How did those 3 evil billionaires force you to hand over your money?
It must have been very traumatic. This is a safe space. You can tell me what heppened.

 

[Ralph Norton]

Yet three billionaires have greater wealth than the bottom 50% of Americans.

What a country!

Yes, it IS a great country.
You have a problem with successful people?

 

[gipper]

A billionaire broke into my house yesterday and he forced me to buy some of his useful goods and services. How did those 3 evil billionaires force you to hand over your money?
It must have been very traumatic. This is a safe space. You can tell me what heppened.

Dumb as always.