Quote Originally Posted by I_Need_A_Detox: Quinnipiac poll — "Roughly 6 in 10 Americans (61 percent) say the nation’s economy is getting worse, 21 percent say it’s staying about the same, and 16 percent say it’s getting better." You're crazy if you say it's getting better. Inflation is far outpacing wage growth and inflation doesn't appear to be "TrAnSiToRy" anymore.
This was only 2 weeks ago....today JPOW came out and said the word "transitory" is now retired aka they won't be using it to describe current or future inflation
Time is a flat circle
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Quote Originally Posted by BigGame90:
Quote Originally Posted by I_Need_A_Detox: Quinnipiac poll — "Roughly 6 in 10 Americans (61 percent) say the nation’s economy is getting worse, 21 percent say it’s staying about the same, and 16 percent say it’s getting better." You're crazy if you say it's getting better. Inflation is far outpacing wage growth and inflation doesn't appear to be "TrAnSiToRy" anymore.
This was only 2 weeks ago....today JPOW came out and said the word "transitory" is now retired aka they won't be using it to describe current or future inflation
@KellyM_1964 Please enlighten us as to your thoughts on 2008 and how it happened. Will take just your thesis instead of a novel since it's pretty complicated topic. Will be waiting for your reply.
Time is a flat circle
0
Quote Originally Posted by BigGame90:
@KellyM_1964 Please enlighten us as to your thoughts on 2008 and how it happened. Will take just your thesis instead of a novel since it's pretty complicated topic. Will be waiting for your reply.
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008 Much worse!
What is coming will be much worse than 2008.....
And guess what!? It's NOT Biden's fault and it won't be Trumps' either.... how does that sound!? Blasphemous you say!? When you can only think in terms of absolutes and black/white then I'm sure it is....
Time is a flat circle
0
Quote Originally Posted by fubah2:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008 Much worse!
What is coming will be much worse than 2008.....
And guess what!? It's NOT Biden's fault and it won't be Trumps' either.... how does that sound!? Blasphemous you say!? When you can only think in terms of absolutes and black/white then I'm sure it is....
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
2
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
3
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
Quote Originally Posted by kcblitzkrieg: We'll revisit this thread when the inevitable pop of the asset bubble(s) here occurs and the market crashes.... it's coming Media will say it's because of the Delta. Govt and media need an excuse and the "Delta" is the perfect cover. These morons in here will find a way to blame Trump though. There's a reason why states are going to lock everyone down again, they need a cover to why the market crashes (if it does of course). Sheep will believe the media but would fail to do their own research to figure out what's really happening in the financial world.
Quote Originally Posted by BigGame90:
@KellyM_1964 So the market took a big hit Monday because "the Delta variant" but now the market is back because the "delta is gone"? Why did the media make it seem like Mondays hit was because the Delta? Keep digging, you'll find out what's really going on.
Just bumping these gems from BG from back in JULY.... no crash yet BUT guess what!? A new variant of the same previous disguise
Time is a flat circle
1
Quote Originally Posted by BigGame90:
Quote Originally Posted by kcblitzkrieg: We'll revisit this thread when the inevitable pop of the asset bubble(s) here occurs and the market crashes.... it's coming Media will say it's because of the Delta. Govt and media need an excuse and the "Delta" is the perfect cover. These morons in here will find a way to blame Trump though. There's a reason why states are going to lock everyone down again, they need a cover to why the market crashes (if it does of course). Sheep will believe the media but would fail to do their own research to figure out what's really happening in the financial world.
Quote Originally Posted by BigGame90:
@KellyM_1964 So the market took a big hit Monday because "the Delta variant" but now the market is back because the "delta is gone"? Why did the media make it seem like Mondays hit was because the Delta? Keep digging, you'll find out what's really going on.
Just bumping these gems from BG from back in JULY.... no crash yet BUT guess what!? A new variant of the same previous disguise
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
1
[Quote: Originally Posted by fubah2]
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
1
[Quote: Originally Posted by fubah2]
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
1
[Quote: Originally Posted by fubah2]
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
4
[Quote: Originally Posted by fubah2]
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
Quote Originally Posted by BigGame90: Quote Originally Posted by kcblitzkrieg: We'll revisit this thread when the inevitable pop of the asset bubble(s) here occurs and the market crashes.... it's coming Media will say it's because of the Delta. Govt and media need an excuse and the "Delta" is the perfect cover. These morons in here will find a way to blame Trump though. There's a reason why states are going to lock everyone down again, they need a cover to why the market crashes (if it does of course). Sheep will believe the media but would fail to do their own research to figure out what's really happening in the financial world. Quote Originally Posted by BigGame90: @KellyM_1964 So the market took a big hit Monday because "the Delta variant" but now the market is back because the "delta is gone"? Why did the media make it seem like Mondays hit was because the Delta? Keep digging, you'll find out what's really going on. Just bumping these gems from BG from back in JULY.... no crash yet BUT guess what!? A new variant of the same previous disguise
0
Quote Originally Posted by kcblitzkrieg:
Quote Originally Posted by BigGame90: Quote Originally Posted by kcblitzkrieg: We'll revisit this thread when the inevitable pop of the asset bubble(s) here occurs and the market crashes.... it's coming Media will say it's because of the Delta. Govt and media need an excuse and the "Delta" is the perfect cover. These morons in here will find a way to blame Trump though. There's a reason why states are going to lock everyone down again, they need a cover to why the market crashes (if it does of course). Sheep will believe the media but would fail to do their own research to figure out what's really happening in the financial world. Quote Originally Posted by BigGame90: @KellyM_1964 So the market took a big hit Monday because "the Delta variant" but now the market is back because the "delta is gone"? Why did the media make it seem like Mondays hit was because the Delta? Keep digging, you'll find out what's really going on. Just bumping these gems from BG from back in JULY.... no crash yet BUT guess what!? A new variant of the same previous disguise
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
4
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2:
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
Obama achieved even better than Joe Biden when he took 10% unemployment caused by the Bush republicans and lowered it to the 4.7% he gifted to trump.
That's a whopping 5.3 percentage point improvement, unmatched by any modern president.
4
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2:
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by baish2012: Any improvement is a good thing, especially when considering what this administration inherited. Second time Joe Biden in a tough position inheriting a DISASTER created under the preceeding republican administration and the first time was the worst economic disaster since the great depression this second disaster delivered by republicans is even worse than 2008
Much worse!
ya but already hes got the unemployment rate down by 1.7 pts from where chump left it !!
True. adolf trump took 3 years to lower it 1.2 percentage points.
Joe Biden took just 9 months to lower it 1.7 percentage points
Obama achieved even better than Joe Biden when he took 10% unemployment caused by the Bush republicans and lowered it to the 4.7% he gifted to trump.
That's a whopping 5.3 percentage point improvement, unmatched by any modern president.
China Evergrande Group plans to "actively engage with offshore creditors" to work out a viable restructuring plan for the construction company's debt, according to a company statement. "There is no guarantee that the group will have sufficient funds to continue to meet its financial obligations," Evergrande said in a filing with the Hong Kong Stock Exchange today. The company said it had received a call to meet its obligations under a guarantee of about $260 million.
We are vindicated by this official statement. We have still not received the interest on our bonds, although it has been widely reported in the press that interest payments have been made on bonds where interest payments were past due in October and November 2021. This declaration represents an event of default for all 23 outstanding international bonds valued at $23.7 billion. Almost all will be lost and also has huge implications for the CDS markets and Evergrande bonds used as a collective, as mentioned in my last two posts.
China Evergrande Group plans to "actively engage with offshore creditors" to work out a viable restructuring plan for the construction company's debt, according to a company statement. "There is no guarantee that the group will have sufficient funds to continue to meet its financial obligations," Evergrande said in a filing with the Hong Kong Stock Exchange today. The company said it had received a call to meet its obligations under a guarantee of about $260 million.
We are vindicated by this official statement. We have still not received the interest on our bonds, although it has been widely reported in the press that interest payments have been made on bonds where interest payments were past due in October and November 2021. This declaration represents an event of default for all 23 outstanding international bonds valued at $23.7 billion. Almost all will be lost and also has huge implications for the CDS markets and Evergrande bonds used as a collective, as mentioned in my last two posts.
Despite a disappointing jobs report, the unemployment rate fell to 4.2%, a new pandemic-era low!
4.2% is awesome !
You bet, Kelly! Good news!
And America's labor force participation rate, which has remained relatively depressed throughout the recovery, edged up to 61.8%, the highest level since March 2020.
3
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2:
CNN BUSINESS -
Despite a disappointing jobs report, the unemployment rate fell to 4.2%, a new pandemic-era low!
4.2% is awesome !
You bet, Kelly! Good news!
And America's labor force participation rate, which has remained relatively depressed throughout the recovery, edged up to 61.8%, the highest level since March 2020.
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