What Has This Latest Inflation Cost You Personally?

[Harpy Eagle]

Interesting graphics, though seemingly deliberate distraction from the topic

Just responding to what was posted.

Why judge Presidents based upon stock market performance to begin with?

Good question.

 

[Rambunctious]

The facts do not agree with your feelings.

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Fake graphs with deceiving facts....

 

[Rambunctious]

You gamble, you take the risk of losing.

This was a purposeful act by Joe and the dems to reduce peoples ability to care for themselves and to have to rely on a socialist government for everything.....

 

[HereWeGoAgain]

The facts do not agree with your feelings.

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The fact is I've lost money due to biden and his suck ass policies as have millions of Americans.

 

[Harpy Eagle]

The fact is I've lost money due to biden and his suck ass policies as have millions of Americans.

Yeah, Biden has sucked that is for sure. But historically the markets do better under Dem POTUS, it is just the way it is.

 

[HereWeGoAgain]

Yeah, Biden has sucked that is for sure. But historically the markets do better under Dem POTUS, it is just the way it is.

Tell that to all of the Americans whose 401K's and stocks have been decimated.

 

[JoeB131]

Only when a lefty is president.

The stock market is higher now than it was when Biden took office. It's just not as high as it was at the beginning of the year.

 

[JoeB131]

This was a purposeful act by Joe and the dems to reduce peoples ability to care for themselves and to have to rely on a socialist government for everything.....

Uh, the stock market is higher than it was before Biden took office.

Just not as high as it was earlier this year.

The reality is, most Americans rely on the government, for their retirement, health care and security... it has nothing to do with Biden.

 

[Grumblenuts]

Tell that to all of the Americans whose 401K's and stocks have been decimated.

In need of stock market advice?
"Buy low. Sell high."
Low? Simples. Don't sell! Buy!

I moved most of my savings into fixed (something or other) annuities about fifteen years ago. Doesn't matter what the market does. Sure, the value on paper goes up and down, but the guaranteed monthly payout at retirement remains fixed or it goes up. Rising fees are the major concern dealing with banks. The insurance company versions don't charge regular fees, but they steal everything suddenly rising at a rate of 10% or more per year. I hate insurance companies more than I hate banks.. for some odd reason.. . Either one likely beats just continuing to throw darts at index funds by a mile.

 

[Rambunctious]

Uh, the stock market is higher than it was before Biden took office.

Just not as high as it was earlier this year.

The reality is, most Americans rely on the government, for their retirement, health care and security... it has nothing to do with Biden.

The market by every estimation I've seen would be well over 40,000 if Biden had left Trump's policies in place with energy and fiscal policy...
just being kind of okay economically will not cut it with the American people and that's why Trump is already 4 percentage points over Biden.... Joe is a loser and possibly a traitor to our nation...
You libs take covid shutdown numbers to throw shade at Trump... it won't work...

 

[JoeB131]

The market by every estimation I've seen would be well over 40,000 if Biden had left Trump's policies in place with energy and fiscal policy...

Those aren't estimations, those are voices in your head. They have medications for that now. (And yes, I'm not taking you seriously at this point.)

just being kind of okay economically will not cut it with the American people and that's why Trump is already 4 percentage points over Biden.... Joe is a loser and possibly a traitor to our nation...

Yeah, you keep telling yourself that.

You know what I have yet to hear anyone say, "I voted for Biden, but I sure wish Trump was still president".

Meanwhile, the GOP is trying to replace Trump with DeSatan, failing to realize he's got the personality of a plank of wood.

You libs take covid shutdown numbers to throw shade at Trump... it won't work...

 

[Harpy Eagle]

The market by every estimation I've seen would be well over 40,000 if Biden had left Trump's policies in place with energy and fiscal policy...

 

[Rambunctious]

Your breath and a buffalo fart....

 

[Rambunctious]

Those aren't estimations, those are voices in your head. They have medications for that now. (And yes, I'm not taking you seriously at this point.)



Yeah, you keep telling yourself that.

You know what I have yet to hear anyone say, "I voted for Biden, but I sure wish Trump was still president".

Meanwhile, the GOP is trying to replace Trump with DeSatan, failing to realize he's got the personality of a plank of wood.

Under Trump the market was going up even with covid... it was already way over 30,000 so to say it was going to hit 40,000 is a pretty easy assumption to make...
Then came Biden...

 

[alang1216]

Nixon froze wages and stopped an inflation dead. Dr. Richard Wolff discusses how things could have been done differently. Harriet Fraad reveals who has needlessly suffered most and why.

I'm not sure if it is counted as inflation or supply chain issues but we've put off buying a new car for a couple of years now. We have the money, we just can't see paying a premium when the prices should come down soon as China restarts the chip factories. As long as the cars are running we'll ride it out.

 

[Grumblenuts]

I'm not sure if it is counted as inflation or supply chain issues but we've put off buying a new car for a couple of years now. We have the money, we just can't see paying a premium when the prices should come down soon as China restarts the chip factories. As long as the cars are running we'll ride it out.

We've begun growing our own chips again,.. or so I've heard. I don't regard either China or Russia as our enemy, but I sure don't trust them to make our chips!

I bought a new car once. Once was enough for me.

 

[alang1216]

We've begun growing our own chips again,.. or so I've heard. I don't regard either China or Russia as our enemy, but I sure don't trust them to make our chips!

I view China as a ruthless competitor, stealing our technology, but Russia is our enemy, working to undermine our government.

I bought a new car once. Once was enough for me.

I bought new in 2019 and will do it again. Love the high tech bells and whistles. I'll never go backwards.

 

[Toddsterpatriot]

Dr. Wolff says you needed a 20% income increase since the early days of the pandemic (over the past three years) just to keep up with the inflation. The vast majority got no such increase. Employers are less than 1% of the American people. Employers decide who to hire and fire, whether to move a factory overseas, whether to increase wages or award their corporate officers bonuses. Employers alone decide if and when to increase prices. An inflation results when they do so in general.

The employer Exxon decided to buy back their own stock and raise their prices. Investors reacted to this obvious inflationary practice by rewarding Exxon with higher share prices.


Raise in prices 50%
Increase in production 2%
Raise in wages (13% for a third of the workforce) ?

The employer Exxon decided to buy back their own stock and raise their prices.

How high did they raise their prices?

 

[JoeB131]

Under Trump the market was going up even with covid.

Yes, it was overvalued...

Frankly, the market is only really important to those who have enough money to invest in it.

I always wonder about this weird Republican fascination that, "Gee, I hope the rich have enough dressage horses!"

 

[Harpy Eagle]

Yes, it was overvalued...

Frankly, the market is only really important to those who have enough money to invest in it.

Not really accurate. The market is really important to anyone with any sort of retirement account like a 401k, which is not just the rich folks.