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replied to
Another shockingly good jobs report shows America’s economy under Biden admin is booming
in Politics Quote Originally Posted by Raiders22:
Of course, if you look at the latest 'dot plot' there is less and less of a sentiment of multiple cuts. MN Fed head Kashkari has even speculated on a raise. So, if one guy is willing to openly talk about a raise -- for sure, others are thinking it, even if they are not saying it aloud. Absolutely, they need to raise it. But there is a lot of outside pressure to not do so. It is again them not being out in front of the very issue they are supposed to take care of.
Nobody should trust that guy. "...FED has infinite amounts of cash" https://www.youtube.com/watch?v=OSQeLMhOLtU
No shit Sherlock. Infinite amounts of cash doesn't fix the problem, it creates more of a problem. |
Zeus4par | 261 |
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replied to
Another shockingly good jobs report shows America’s economy under Biden admin is booming
in Politics Quote Originally Posted by kcblitzkrieg:
@BigGame90 Yes BG, going into January it was 6.... they'll be lucky to get even 1 cut, inflation is already back on the rise so an increase should surprise no one (but they'll act like they are). Their messaging can't be trusted, that is the drum I've been banging on and they continue to prove this right day by day...
It's the same talking heads on MSM that continue to push "FED expects X rate cuts this year" or "FED indicates future rate cuts" when the FED has never indicated future rate cuts. Every time JPow speaks, he says the same thing over and over. "we'll check the data and make adjustments" and "trying to reach the target 2% inflation". He's never indicated future rate cuts but MSM just repeats it over and over again. I don't understand why people can't see MSM for the garbage it really is. Propaganda from whomever pays the most. Fed needs to raise rates ASAP IMO. But the FED is stuck. Raise rates, crush banks and continue to pressure the US with massive interest debt, help holders of cash with higher % yields aka more debt for the US in int payments and maybe tame inflation. Lower rates, crush the public with even faster inflation. I wonder who the FED will protect, Wall Street and the US, or the public? If they cared about the public, rates would have already been raised. If they cared about Wall Street and the US gov't, rates would be lower. Sitting idle is just prolonging the inevitable with whatever decision they go with. |
Zeus4par | 261 |
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@kcblitzkrieg
Quote Originally Posted by kcblitzkrieg:
The 2024 POTUS will come down to these three swing States: Michigan Wisconsin Pennsylvania Bloomberg recent poll had those three States as follows: MI - Biden +2 WI - Trump +4 PA - Trump +1 Biden will need to get all three of these States and sweep the board to win in '24. Would be interested to see how RFKj is projected in these three States.
I wonder what sleepy is going to give away for "free" to WI and PA? Free phones? Paying off some C.C debts? Maybe some "free" cruises? |
Crashdavis565 | 378 |
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replied to
Another shockingly good jobs report shows America’s economy under Biden admin is booming
in Politics @kcblitzkrieg
Is it 3 or 4? I believe in January they were saying 6, then it went to 5. Banks, and hell the US gov't needs rates to decrease. The interest on the US debt is crushing as is. What's going to happen when rates rise to combat inflation? We know what happens when rates go lower. No grown up wants to actually discuss what happens when rates increase. I wonder why? |
Zeus4par | 261 |
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replied to
Far Right Propaganda Media Stock (TMTG) floundering and could be investigated for FRAUD!
in Investments It's comical that you think about Trump soooo much. Does he appear in your dreams too? |
Zeus4par | 86 |
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Quote Originally Posted by Brookzo:
Quote Originally Posted by witswits: Quote Originally Posted by dubz4dummyz: @witswits Yes the disconnect between the market and the real world is at an all-time high due to the FED investment in market and over-printing of US currency It will be interesting to see if things ever level out or if the rich will keep the market propped up at these "out of whack" levels The question is,, can either side stop the printing. Joe wants to pay off college debt and not have any consequences of massive inflation. At some point the system has to break and i think we are getting closer with the rates climbing. Aint no way he actually gonna forgive all of college debts, maybe fed ones(even that is questionable), but there are a bunch of privately owned college debts that he aint got no way dealing with. Still, I've seen so many grads saying that they are "not paying their college debts 'cause Joe is gonna forgive those anyway"
When sleepy doesn't pay off their debts, they'll just blame republicans with the help of dems pushing the fight to blame the right. Such a bad move to let that college debt just accumulate. That interest will keep their debts in tact for decades. Such a bad message to send to people about having debts "cancelled". Obama did the same when he ran with the left pushing for "free health care" when in reality, it was just a mandatory tax. I will give the left credit, they are good as deception and lies and people follow it. They are great at tricking their own for the sake of votes. I can't wait to see the circus that will be leading up to Nov. What other "free" stuff will they give away for the sake of a vote? |
kcblitzkrieg | 162 |
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Quote Originally Posted by witswits:
Quote Originally Posted by BigGame90: Everyone, don't worry, the FED has infinite amounts of money!! Will either side try to rein in the spending. It will be the end if someone does not take a position. It requires a backbone.
Who cares about inflation when....Just create more cash and the problems will be solved!
There's an INFINITE Amount of Cash At The Federal Reserve - Neel Kashkari |
kcblitzkrieg | 162 |
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Quote Originally Posted by wallstreetcappers:
@dubz4dummyz What you are suggesting is not true, money printing is not government spending they are two different things. Money printing is the FED, government spending does not mean money printing. Making more debt does not mean more money has been created, a debt is an obligation and the government is not regulating monetary policy that is the job of the FED. Also if you look at the increase in government debt and remove out the increase in interest costs, the overall increase in debt for the last 3 years is not the summation of 25 years worth of monetary policy creation or government debt issuance. I think you are mixing concepts quite a bit.
and therein lines the problem. The interest costs will continue to be chased as interest rates continue to rise. FED, IMO has not other choice but to raise rates which in turn will cost the govt more in interest as investors buy more bonds chasing higher returns which will also crush banks (see Silicone Valley Bank). The debts are not the problem, the interest being paid out IS the problem. Gov't paying out interest is the same issues with people paying interest on their credit cards. If the debt is never paid off (see student loans), the principal balance will forever stay up and interest will create a snowball effect and will do harm over the long haul. This is why banks keep stating the FED needs to lower rates. The higher the rates, the more they lose from their previous low % returns on their old investments. The banks are stuck unless FED lowers rates which will just cause inflation to continue upwards. |
witswits | 147 |
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Quote Originally Posted by fubah2:
Quote Originally Posted by UNIMAN: Turmoil in the Middle East (Joe's fault) and in Ukraine (Joe's fault) has also played a role in fluctuating gas prices over the past two years, with recent conflict in the Middle East and the Red Sea (Joe's fault again)threatening to push oil prices further upwards. Oil prices have taken a roller coaster trajectory over the last two years in the wake of Russia’s invasion of Ukraine (Joe's fault) and as western countries hit Russia with major sanctions(Joe's fault). aaaaaaaaaaaaaHAHAHAHAHAHAHAHAHAHA
This forum thanks you for your insightful and thoughtful commentary. |
witswits | 147 |
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@wallstreetcappers
The difference was the economy was never fully shut down like it was during covid and printing wasn't out of control to the point that it would immediately affect inflation in the relative short timeframe. Covid put a stop to a well oiled machine that was designed to never turn off. The US and the world didn't have a text book answer on how to keep everything moving smoothly during a full shut down so the answer was to print so people could afford the basics needed to survive. You give people "free" money, people will spend it chasing goods and services. Giving the bare min to pay their bills or else banks would crumble. Money never sleeps, but the economy had to. The problem was, everyone got greedy with fresh money and they wanted as much as they can get. So prices increased under the guise of "supply chain issues". I would argue it was to keep profits up to keep stocks elevated because of leverage and derivatives. Nobody wanted the game to end. Energy companies are getting hit left and right from this admin so they raised prices to offset any set backs. When Pg&E gets sued, they raise prices that get passed on to their customers. If you want safer infrastructure to not get sued, you pass those costs onto the consumer.
The answer to your question....money is fake. Money is a theory. It's too complex to answer some of your questions and nobody might actually have the answers. Do you? Is the derivatives market real money, or is it used as leverage that can cause extreme harm if tilted in the wrong direction? Why do we have a derivatives market? The money machine has to keep moving to prop everything up and the derivatives market is that water balloon that got left on the running faucet, the water is always running, it's just a matter of how fast and slowly that balloon gets filled before it pops. |
witswits | 147 |
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replied to
Far Right Propaganda Media Stock (TMTG) floundering and could be investigated for FRAUD!
in Investments DJT up ~20% S&P down ~.50% |
Zeus4par | 86 |
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@wallstreetcappers... Inflation is not based on money printing, you guys keep saying that and it is 100% false.
So you're saying when the FED printed trillions to keep everyone afloat during covid, that businesses just sat back and didn't raise prices? Do you really think if a BRINKS truck drove the streets of any city, and thew money out of their doors that people would just let it hit the ground and they'd leave it? Come on dude. Printing money lead to corporations and even small business raising prices to chase that record of freshly printed money. If the FED is going to hand out "free" money, costs are going to rise. Lets be real here. Your statement is 100% false. Let me guess, you want to argue that it's "tHe SuPpLy ChAiN"? Why did rents drastically increase in SF when tech moved in? Why are rents drastically decreasing when tech moved out? New money came in, prices went up. New money left, prices had to crash.
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witswits | 147 |
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Quote Originally Posted by Raiders22:
@witswits Still a good quote: "What a difference - just a few years and a Print & Spend Administration can make: Bidenomics = Bidenflation and Financial Pain."
It's amazing that people think this economy is strong but fail to look at the debts that are being created. Massive debts does not equal a strong economy. It's a fabrication and simply a band aid on an open wound that is supposed to look like a surgical procedure. |
witswits | 147 |
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@witswits Well, similar to the FF raising their prices as wages increase, gas costs just get passed to the customer. Just the cost of doing business in CA. |
witswits | 147 |
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replied to
Another shockingly good jobs report shows America’s economy under Biden admin is booming
in Politics Quote Originally Posted by thirdperson:
Quote Originally Posted by chilitokid: let’s say you are correct and the economy is growing at 2.9%. Under Trump that number would probably be 20%! Data from Bureau of economic analysis is clear. After inflation, real GDP has grown at a 3.4% average annual rate under Biden. Trump trails at average 1.8% growth. Biden's economic record is still better even if pandemic impact is set aside. If Trump deserves a pass for 2020, then Biden deserves a similar pass for 2021 and 2022 inflation. Trump was lucky to inherit a strong economy from Obama while Biden was unlucky to inherit a mess from Trump.
Biden inherited a mess caused by Mr. Science. Never forget where covid came from. |
Zeus4par | 261 |
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If the dems spent as much time trying to build the US as they did going after Trump, the US might actually be on a positive track today. How many times are they going to try to go after Trump and fail? |
joe pockets | 33 |
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Well, considering Bidens handlers won't let him speak without a script, there's no way he's going to enter a debate. Joe says the quite part out loud and his handlers can't have him speaking the truth. They need weeks to prepare him for a short speech. He needs 3 weeks of rest for a 30 minute rehearsed speech. How would he do when he doesn't have access to the questions beforehand? |
joe pockets | 33 |
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Gas is almost $6.00 close to me. Currently around $5.80 for the cheap stuff at a Shell/ Chevron S.F is now taxing building owners that own retail store fronts that are empty. If the owner does not rent/lease out their store front, the city is taxing them per lineal foot. But the city won't remove any homeless that might be parked out front, or clean the poo off the street. So the city is collecting the fees, but not cleaning up the areas. Makes sense as a tax paying business. Pay the city so the city can do nothing to help your store front. Not to mention the ridiculous bike lanes they installed that removed parking. |
witswits | 147 |
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replied to
Another shockingly good jobs report shows America’s economy under Biden admin is booming
in Politics @KellyM_1964
@fubah2
Honest question here, which I know you'll never respond to. You guys have probably 10 thousand comments in this forum, how many of those are of your own personal thoughts? Do you ever actually engage with posters about discussion, or do you just copy paste, copy re-paste to try to hide the last message? Honest question. You two post a lot in here, but I can not actually remember the last time one of your posts had 1 original thought or idea from yourselves. Do you not have anything better to do online, or do you ever try to have an actual discussion about your posts?
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Zeus4par | 261 |
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replied to
Another shockingly good jobs report shows America’s economy under Biden admin is booming
in Politics @KellyM_1964
that's because the left only sees growing, but doesn't actually understand why. The economy is growing, but so is the national debt, so is consumer debts. So the economy is growing, but it's unhealthy growing. It's like giving a baby too much sugar. The baby will grow, but overtime it becomes fat. You just can't see the fat building up early on. It's the same reason why you all got fooled with "free health care". You get easily tricked. |
Zeus4par | 261 |
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